Nation
Decision on Chidambaram's appearance before JPC likely soon

Chairman PC Chacko appeared to downplay BJP's demand for calling Chidambaram before the Joint Parliamentary Committee

New Delhi: A decision on calling finance minister P Chidambaram to appear before a parliamentary panel looking into the 2G spectrum issue is expected to be taken this month, reports PTI.

 

The Joint Parliamentary Committee appears to have entered its final few laps with members deciding ‘unanimously’ to complete examination of witnesses by 12 February 2012 after which the drafting of the report would begin.

 

“To call somebody we do not need longer time. It is only a question of sending a notice and their coming before the committee,” chairman PC Chacko said replying to a volley of questions on calling Chidambaram as a witness.

 

At its next meeting on 22 January 2012, former lead auditor RP Singh, who had alleged that he was forced to sign the controversial report of the government auditor on 2G issue, would appear before the Committee.

 

“Some members had written to the Committee to ask RP Singh to appear again in view of some recent statements he had made,” Chacko said.

 

Attorney General Goolam E Vahanvati has also been asked to appear before the Committee on the same day.

 

Chacko also appeared to downplay BJP's demand for calling Chidambaram before the Committee.

 

“You know all what had happened in the past. There were demands, there were walkouts, there were coming backs,” he said, adding that BJP members Harin Pathak and Ravi Shankar Prasad were present at the meeting.

 

BJP member Yashwant Sinha who has been most vocal on calling Chidambaram was not present in the meeting.

 

Meanwhile, members of the Association of Unified Telecom Service Providers of India, which represents CDMA operators, appeared before the Committee.

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MBA graduate held in fraud case

The lawyer wrote in her complaint that she and her mother were cheated of Rs25,000 by Singhania, who introduced himself as a customer care executive of HDFC Bank

New Delhi: An MBA graduate, who went to jail in 2006 in a case of kidnapping for ransom, was arrested for allegedly cheating people on the pretext of helping them open bank accounts and getting loans, reports PTI.

 

Ranjeet Kumar Gautam, 26, who posed himself as Dinesh Kumar Singhania, was arrested based on a complaint filed by lawyer N Sahar.

 

The lawyer wrote in her complaint that she and her mother were cheated of Rs25,000 by Singhania, who introduced himself as a customer care executive of HDFC Bank.

 

The mother-daughter duo waited for a few days to get some information from the bank and approached the bank later which informed them that they were cheated.

 

Through technical surveillance of Gautam's mobile phone, police tracked down his address where he ran a firm, “RK Financier Pvt Ltd”, on behalf of HDFC Bank.

 

“Further, it was found that Dinesh Kumar had employed 13 people for field job whose duty was to visit the residences of prospective customers. He ran his business for two months and abruptly stopped going there when the rent was to be paid for the second month,” a senior police official said.

 

Born in a poor family, Gautam did his graduation from BR Ambedkar University, Agra and completed his post graduation in management (MBA) from National Institute of Sales in Delhi.

 

“His quest of earning easy money dragged his into criminal activity. He was arrested in 2006, in a case of kidnapping for ransom. After coming out of jail, he did not go to his home and started working for the bank,” the official said.

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ED attaches Rs143 crore assets in Jagan money laundering case

The attachment order, under criminal provisions of the PMLA is the third by the agency after it issued two separate attachment orders of Rs51 crore and Rs71 crore earlier

Hyderabad/New Delhi: The Enforcement Directorate (ED) has attached assets worth Rs143.74 crore in connection with its probe in the money laundering case against YSR Congress party chief Jagan Mohan Reddy, reports PTI.

 

The attachment order, under criminal provisions of the Prevention of Money Laundering Act (PMLA), is the third by the agency after it issued two separate attachment orders of Rs51 crore and Rs71 crore earlier, in this case.

 

The agency, according to sources, has few more similar orders in the pipeline as it plans to build a water-tight case against Jagan and his associates.

 

"Immovable properties and movable assets worth Rs143.74 crore under section 5(1) of PMLA are being attached. The properties attached from Ramky Pharma City (India) Ltd are about 135.46 acres of land and deposit of Rs3.20 crore in mutual funds and fixed deposits for Rs10 Crore from Jagati Publications Pvt Ltd (held by Jagan Reddy)," the attachment order said.

 

The agency is probing the case on the basis of the FIR filed by CBI to investigate alleged disproportionate assets amassed by Jagan especially during the tenure of his father—the late Andhra Pradesh chief minister YS Rajasekhara Reddy

 

An ED attachment is an enforcement action under anti-money laundering laws to restrict the accused from taking benefit out of the properties or assets they have created through illegal means.

 

The accused parties can appeal against the order at the Adjudicating Authority of the PMLA based here.

 

During the course of investigation, the ED alleged, “It was revealed that Ramky Pharma City (India) illegally sold land falling in greenbelt area and acquired a sum of Rs133.74 crore. In lieu of the favour from the state government of Andhra Pradesh, A Ayodhya Rami Reddy, chairman of Ramky Group paid a sum of Rs10 crore in equity of Jagati Publications Pvt Ltd (a company owned and controlled by Jagan Mohan Reddy).

 

“The payment of Rs10 crore was kickback for the favours done by the state government. Thus, the investigation under PMLA has so far revealed that shareholders of Ramky Pharma City (India) are  Ramky Infrastructure, Ramky Estates and Farms Ltd and APIIC,” it alleged.

 

The ED further said that “Ramky Pharma City (India) had sold the plots in non-SEZ area and leased out plots in SEZ area in the Pharma City named as Jawahar Lal Nehru Pharma City. In the illegal sale and lease of land falling under the greenbelt area, by sale of 23 plots in non-SEZ area and eight plots in SEZ area the generation of proceeds of crime was to the tune of Rs 133.74 crore.

 

“Ramky Pharma City (India) was illegally benefited by this amount as a result of criminal activity. Further payment of Rs10 crore by Ramky Group of Companies to Jagati Publications is the proceeds of crime which was transferred as equity contribution in the company. Thus, total amount of the proceeds of crime is Rs143.74 crore,” the ED alleged.

 

An ED attachment is an enforcement action under anti-money laundering laws to restrict the accused from taking benefit out of the properties or assets they have created/earned through illegal means.

 

The accused parties can appeal against the order at the Adjudicating Authority of the PMLA.

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