Citizens' Issues
Flyover toll is 24, murder charges against construction company

The police filed murder charges against top officials of the joint venture company, Hyderabad-based IVRCL Infrastructure, which was executing the flyover project and detained at least 10 of its employees

 

Heart-wrenching cries of relatives taking custody of the dead and anguished kins waiting for the latest update on the grievously injured were the recurrent scenes in hospitals here as the toll in Kolkata's worst flyover tragedy rose to 24 on Friday.
 
Among the dead were three women while one body was too mutilated to ascertain the gender. Sixteen of the 67 rescued battled for life in hospitals, a day after an under-construction flyover collapsed, crushing people and flattening vehicles in the congested Posta area.
 
Three of the deceased were 25 years old while six others were in their 30s. The ghastly tragedy left behind a trail of devastation and raised unanswered questions about a project that was on for seven years.
 
Asha Joshi, 65, was the oldest among the dead, the West Bengal government said.
 
Relatives of Sabana Bano, who perished at the Medical College and Hospital, were inconsolable.
 
"She had called us repeatedly from her mobile after she got trapped when the bridge collapsed. She pleaded that we rescue her but we could not do anything," moaned a family member.
 
Three bodies were still to be identified.
 
Going into the reasons for the flyover crash, a government statement said: "It is apprehended that one cantilever pier no 40 has shifted due to which two spans covering three piers were affected."
 
Meanwhile, the police filed murder charges against top officials of the joint venture company, Hyderabad-based IVRCL Infrastructure, which was executing the flyover project and detained at least 10 of its employees.
 
"The charges brought against the company include murder, attempt to murder and criminal conspiracy. So far 10 people, including R.K. Gopal Nanduri, regional business head, have been detained," Joint Commissioner of Police Debashish Boral said.
 
Three of them - senior assistant general manager M. Mallikarjun, structural manager Pradip Kumar and assistant manager (administration) D. Majumdar - were subsequently arrested.
 
A 23-member special investigation team (SIT) has been set up to probe the disaster. A police team reached the company headquarters in Hyderabad to question its officials.
 
The chief engineer and an executive engineer of the Kolkata Metropolitan Development Authority - the state government unit in charge of the JNNURM project - have been placed under suspension.
 
An IANS correspondent who visited the site found cranes busy clearing mounds of debris, dust rising from ongoing demolition and fear of eviction loomed large on those living in the vicinity.
 
The area is still littered with shattered glass and splinters of iron and steel. There were also plastic bottles, a slipper and a children's notebook, strewn next to a truck.
 
With the government asking 62 families in houses close to the spot to vacate their premises for the removal of the collapsed span, the residents were frantically searching for new addresses.
 
Many of the residents of the sardine-packed multi-storeyed houses and numerous commercial establishments lining K.K. Tagore Street - right under the flyover - were still in a state of shock.
 
"I get goose-bumps every time there is a loud noise... This used to be a bustling route. I hope the authorities deal with the mess swiftly and avoid another disaster," said Hari Shaw, caretaker of a small temple.
 
Army teams which had been carrying out rescue operations have returned to the barracks.
 
The KMDA has ordered the immediate inspection of the flyover to ascertain its safety and stability.
 
A petition was filed in the Calcutta High Court for a court-monitored probe into the tragedy.
 
Filed before the bench of Chief Justice Manjula Chellur, the PIL (public interest litigation) seeks a CBI investigation as well as a panel of experts from IIT Kharagpur to probe the causes for the flyover collapse.
 
With the ruling Trinamool Congress facing flak, it field its local MP Sudip Bandyopadhyay, who argued the project was flawed since its inception during the Left Front's tenure but could not be discarded or remodelled due to financial implications.
 
The Bharatiya Janata Party sought a CBI probe, calling the incident an "act of fraud protected by the West Bengal government".
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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CBDT processes 6.53 lakh online tax returns' correction requests

CBDT said a detailed user manual for filing online rectification is available on the e-filing portal, on which taxpayers can also monitor the status of disposal of their requests

 

India's tax department has processed over 6.53 lakh online rectification applications in the last fiscal and asked assessees to make use of the e-filing portal for correcting mistakes in tax returns, an official statement said on Friday.
 
"Taxpayers who are not satisfied with the outcome of processing of their Income Tax Return by the Centralised Processing Centre (CPC), Bengaluru, can avail of the facility of online filing and tracking of rectification requests on https://incometaxindiaefiling.gov.in," the Central Board of Direct Taxes (CBDT) said in a statement here.
 
Its CPC has already processed 6,53,763 online rectification requests in 2015-16 till February 29, 2016, the statement added.
 
CBDT said a detailed user manual for filing online rectification is available on the e-filing portal, on which taxpayers can also monitor the status of disposal of their requests.
 
It said that in case of any mistake in data entry of tax payment or tax deduction at source (TDS) details, taxpayer can use the "Rectification Request Type - Taxpayer is correcting data for Tax Credit mismatch only" option on the website for entering the correct details.
 
In case of a data entry mistake in any other schedule, or omission of any details, the taxpayer can select the option "Taxpayer is correcting Data in Rectification" and the reason for seeking rectification.
 
In any other case, the taxpayer can select the option "No further Data Correction Required, Reprocess the case" where the mistake in processing may have occurred due to non-reporting of TDS by the deductor.
 
"CBDT is committed to ensuring accuracy in processing of returns and determination of refunds and seeks the active cooperation of taxpayers in ensuring correctness of data while submitting the return or rectification request," it said.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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CEO, CFO and COO of Ricoh India have been sent on leave
Independent agency to probe serious governance issues 
 
Ricoh India has informed the exchanges that an independent agency has been appointed to assist the Audit Committee to better understand certain areas where the auditors had emphasized further review. This agency is conducting a review, which will be completed soon. It comprises of an independent law firm and accountants. Interestingly, some  members of the top management including the CEO and CFO, have been asked to be on leave during the said review process. These include:
 
1) Mr. Manoj Kumar, the Managing Director and Chief Executive Officer;
 
2)  Mr. Arvind Singhal, the Chief Financial Officer; and
 
3)  Mr. Anil Saini, the Senior Vice President and Chief Operating Officer
 
Other officers will discharge functions on behalf of the officers sent on leave. 
 
Earlier, it had sent a communication to the exchanges on 18 February 2015 stating that 'The Company has not yet received the signed limited review report from the auditors and the audit committee would take up again the matter with the Statutory Auditors to submit their limited review report on an immediate basis.' Further, the filing stated, 'In order to assist the audit committee, the audit committee has sought the opinion of an Independent Agency in this regard.'
 
The company has not yet filed the quarterly results for September 2015 and December 2015 quarters. Earlier, a Securities and Exchange Board of India (SEBI) circular stated that Ricoh India will be shifted to ‘Z’ group with effect from 28 March, 2016. 
 
The stock has been on a downward spiral in the last 9 months, falling more than 60% from a high of Rs1072 in July 2015. It is currently trading at Rs413. 

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COMMENTS

Krishnan B S

11 months ago

This is really very unfortunate. Ricoh is a huge company and if things happen like this even in Japanese companies, then it is unbelievable.
As this is a Japanese company, many investors like me have bought these shares. Now we will have to sell it at a loss or become Share Market Abhimanyu's, as I guess exit is going to be long time.

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