Citizens' Issues
Manjunath Murder Case: SC upholds life imprisonment of all six accused
The apex court upheld the decision of Allahabad HC for life imprisonment to six main accused in the Shanmughan Manjunath murder case
Almost 10 years after the brutal murder of Shanmughan Manjunath, the manager of Indian Oil Corporation (IOC), the Supreme Court upheld life imprisonment to six main accused. Manjunath, who was a graduate of IIM Lucknow, was murdered following his orders to seal petrol pumps that were selling adulterated petrol in Lakhimpur Kheri in Uttar Pradesh. 
A Bench of Justices Ranjan Gogoi and NV Ramana rejected appeals filed by the convicts against the verdict of Allahabad High Court, which had sentenced the six accused to life-imprisonment. The Allahabad HC had also acquitted two other accused, who were convicted along with the other six by the Lakhimpur Kheri Sessions Court in 2007. The Sessions Court had ordered death sentence to the main accused, which was commuted to life-imprisonment by the Allahabad High Court. 
Manjunath was shot when he had gone to conduct a surprise raid at the petrol pump owned by the main accused Pawan Kumar (alias Monu Mittal), which had been in operation despite being sealed on orders from Manjunath on account of selling adulterated petrol. Manjunath's body was later found in the backseat of his own car, which was being driven by two employees of the petrol pump. 
His murder on 19 November 2005 followed close on the heels of the murder of Satyendra Dubey, an IITian and an officer of the Indian Engineering Service, who was instrumental in exposing corruption in the Golden Quadrilateral Highway Construction project. Dubey was murdered in November 2003. Manjunath's murder led to a massive public outcry, following which the case was handed over to Central Bureau of Investigation (CBI), which succeeded in nabbing the culprits. 
With the objective of fighting for justice for Manjunath, IIM graduates Anjali Mulatti and Jaishankar had set up ‘The Manjunath Shanmugam Trust' in 2006. The Trust has played a key role in pushing for convictions of the accused. 



LIC to invest Rs1.5 lakh crore in Railways over next five years

LIC will invest around Rs30,000 crore each year by subscribing to bonds issued by various railway entities such Indian Railways Finance Corp over next five years


Life Insurance Corp of India (LIC), the country's largest insurer will invest Rs1.5 lakh crore in development of various commercially viable projects for Indian Railways, one of the largest railway networks in the world.
The investment would be made over a period of five years. 
“LIC has taken the task of supporting Indian Railways... It is a commercial decision... LIC will invest Rs1.5 lakh crore over a period of five years,” Finance Minister Arun Jaitley said.
The investment would be done in bonds issued by various railway entities such Indian Railways Finance Corporation (IRFC), beginning next fiscal.
On an average, LIC will be subscribing bonds worth Rs30,000 crore over next five years, its Chairman SK Roy said after the signing of MoU between Indian Railways and LIC.
When asked about that what kind of interest rate LIC would earn from this investment, Roy said, “The rate is yet to be finalised. Since it is would be a commercial decision, it would be win-win situation for both.” 


Maharashtra to take action against illegal mobile towers

The state government said it conduct an inquiry against the errant officials from municipal corporations, as well as electricity board, who provided power for these illegal mobile towers


Maharashtra government will soon take action against illegal mobile towers in the state, Minister of State for Home Ranjit Patil informed the Legislative Council on Wednesday.
Replying to questions raised by the Opposition, Patil said the government will conduct an inquiry within two months against illegal mobile towers built across the state.
He also informed the Council that 115 illegal mobile towers have been built in Akola district and conceded lapses on the part of the Akola Municipal Corporation.
The tower company had sought permission from the municipal corporation. Since it did not provide the required documents, the company was denied permission to build the towers, the Minister said.
But as it went ahead with the construction of towers, a notice was issued to it by the civic body to pay a fine. When the company refused to do so, its towers were sealed. The company later went to court against the municipal corporation and got its towers unsealed by paying the fine, Patil said.
The government will conduct an inquiry against the errant officials of the municipal corporation, as well as the electricity board who provided power for the functioning of these towers, he said.




2 years ago

Violation of MRTP Act?

We are listening!

Solve the equation and enter in the Captcha field.

To continue

Sign Up or Sign In


To continue

Sign Up or Sign In



The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)