Companies & Sectors
Former Atlas Cycles president held in cheating case

Salil Kapoor, presently the managing director of Atlas Laboratories and Pharmaceuticals Ltd., was arrested from Uttrakhand on Monday by the Economic Offences Wing (EOW) of Delhi Police

 

A former president of Atlas Cycles company has been arrested in connection with three separate cheating cases involving an amount of Rs.9 crore, police said on Tuesday.
 
Salil Kapoor, presently the managing director of Atlas Laboratories and Pharmaceuticals Ltd., was arrested from Uttrakhand on Monday by the Economic Offences Wing (EOW) of Delhi Police.
 
A bounty of Rs.25,000 was declared by Delhi Police Commissioner B.S. Bassi against Salil.
 
"Two cheating cases were registered against Salil in Defence Colony police station on June 19 and November 10, 2014 and one in EOW earlier this year," said Deputy Commissioner of Police Mangesh Kashyap.
 
The first case was filed by Satinder Nath Maira in November who had given Rs.13 crore to his family friend Prashant Kapoor for investing it.
 
"Prashant with connivance of Salil and others misappropriated the Rs.13 crore on the pretext of purchasing capital gain bonds for Rs.7 crore and depositing Rs.6 crore in Allahabad Bank," said Kashyap.
 
"Both Prashant and Salil were accused in the first case. But, Salil was booked in separate case registered on June 19 on the complaint of Prashant," the officer said.
 
Prashant had alleged that a loan agreement was entered between him and Salil on June 8 wherein it was mentioned that he has to lend a sum of Rs.5 crore to Salil against a property, he added.
 
According to the officer, Salil later issued seven post-dated cheques of total Rs.8 crore but all were dishonoured.
 
"During investigation, Salil was declared as absconder by Saket court."
 
Kashyap said the EOW started probing after a woman, Sunita Bansal, filed a complaint that Salil had cheated her of Rs.4 crore.
 

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Gadkari announces Rs.50,000 crore for Bihar roads

Gadkari said the government was committed to the development of Bihar and the face of every sector would change now

 

Union Minister for Road Transport, Highways and Shipping Nitin Gadkari on Tuesday announced the provision of Rs.50,000 crore for development of roads in Bihar.
 
Addressing Bharatiya Janata Party workers here to mark one year of Prime Minister Narendra Modi's government, Gadkari said: "This year itself, this amount would be used for road construction in Bihar."
 
He said the government was committed to the development of Bihar and the face of every sector would change now.
 
"Soon, waterways in the Ganga river from Kolkata to Delhi would be developed and work on the waterways project between Varanasi and Haldia at a cost of Rs.4,200 crore has already begun," the minister said.
 
He said the prime minister has brought the country on the right track of development.
 

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AAP tears into Centre's notification, right to impeach LG sought

AAP tears into Centre's notification, right to impeach LG sought 

 

A resolution against the Centre's decree giving Lt. Governor Najeeb Jung the final say in transfers and postings of bureaucrats was moved on Tuesday in the Delhi assembly while an AAP lawmaker demanded that state legislatures should have the power to impeach governors.
 
Buoyed by the Delhi High Court's observation that the lt. governor must act on the advice of the council of ministers, Aam Aadmi Party legislators took turns to criticise the Narendra Modi government's order giving Lt. Governor Najeeb Jung the final say in matters pertaining to services, police, law and order.
 
The May 21 notification had also stripped Delhi's Anti Corruption Branch of its power to act against central government employees.
 
On the first day of the two-day special session of the assembly called by the Arvind Kejriwal-led AAP government to discuss the home ministry's notification, Deputy Chief Minister Manish Sisodia moved the resolution, saying the Centre had encroached upon the rights of the Delhi assembly.
 
"It (notification) is encroachment on the rights of the legislative assembly of Delhi. They (central government) have tried to dilute the spirit of the Constitution," Sisodia told the assembly.
 
He said the BJP-led government at the Centre was "unconstitutionally trying to impose President's Rule in Delhi".
 
"This government has taken corruption head-on and achieved unprecedented success. The Centre is trying to thwart Delhi government's attempts," Sisodia added.
 
Taking the tussle with Jung a notch higher, AAP legislator Adarsh Shashtri demanded that a resolution be passed in the assembly to amend the Constitution to enable state legislatures to impeach governors and Lt. Governors.
 
"We should pass a resolution asking parliament to review the recommendations of the Sarkaria Commission and the articles 155 and 156 of the Constitution to allow state legislatures to have the power to impeach governors and Lt. Governors," Shastri said.
 
AAP lawmaker Somnath Bharti moved a private member's resolution against the union home ministry's notification. The house will take up the resolution on Wednesday and it is likely to be passed.
 
The resolution moved by Bharti contended that the May 21 central notification was "contrary to and violative of the provisions of the Constitution of India".
 
"This house finds this act of the ministry of home affairs as an attempt on the part of the central government to encroach upon the legislative powers of this august house conferred by the Constitution."
 
The notification was issued following the ongoing tussle between the AAP government and Lt. Governor Jung over the appointment and transfer of bureaucrats. Both also approached President Pranab Mukherjee to seek his intervention for a resolution of the issue.
 
Meanwhile, BJP member O.P. Sharma was marshalled out of the assembly after he made critical remarks against Speaker Ram Niwas Goel.
 

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