Companies & Sectors
Mirach Capital to file $400 million defamation suit against Sahara
US-based Mirach Capital further accused Sahara's representatives of breaching an exclusivity contract with it following public comments by its CEO Sharma regarding the group's acquisition strategy of the Sahara assets
 
US-based Mirach Capital said it is initiating a $400 million defamation lawsuit against Subrata Roy-led Sahara group, alleging that the failed financing deal with the Indian conglomerate has caused "irreparable harm" and "shaken investor confidence".
 
Accusing Mirach Capital of cheating and forgery in the failed $2.05 billion loan arrangement, Sahara, too, had said last month that it has initiated legal action against the US-based firm.
 
The crisis-hit group had alleged that Mirach and its CEO Saransh Sharma's criminal conduct and lack of financial capabilities to honour such huge commitments led to the breaking down of the deal, leading to the loss of precious time, resources and position of Sahara.
 
In a press release, Mirach has now accused Sahara of hurling "unfounded allegations" against it despite "factual evidence" that completely dispels Sahara's "trumped up" allegations of forgery.
 
Stating that the Lucknow-based company and its representatives continue to attempt to discredit Mirach and its CEO Sharma in the court of public opinion, Mirach said it is "announcing a defamation lawsuit to the amount of $400 million against the Sahara Group, as well as a news organisation believed to be a collaborator."
 
Mirach further accused Sahara's representatives of breaching an exclusivity contract with it following public comments by its Indian-origin CEO Sharma regarding the group's acquisition strategy of the Sahara assets.
 
"Unable to make payments on the interest of the proposed loan package, and being an unwilling seller of the properties, Sahara launched a series of false allegations to discredit Mirach and kill the loan transaction.
 
"It further attempted to discredit CEO Saransh Sharma, launching unproven allegations of forgery that have claimed to be validated by Sahara's 'internal investigations'," the firm said adding that when it fought back against those allegations, Sahara "trumped up" stories of a US probe.
 
Mirach asserted that no US federal authorities have contacted it and its directors to date for any investigation.
 
"In light of these actions, which have caused irreparable harm in the form of loss of income, shaken investor confidence, personal injury and more, Mirach Capital Group is prepared to litigate until justice is served," the firm said.
 

 

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Pulse Beat

Does Chemotherapy Work?

Dr Hardin B Jones, a former professor at Berkeley, has been studying the life spans of cancer patients for more than 25 years. He has come to the conclusion that, despite popular belief, chemotherapy doesn’t work. He witnessed a multitude of cancer patients treated with the chemotherapy die horrific deaths—thanks to the drugs! This was in comparison with their peers on no chemotherapy.
 
After investigating this further, Dr Jones found that cancer patients who underwent chemotherapy actually died prematurely. Dr Jones exposed a fact that the conventional cancer industry doesn’t want the world to know  as it about its multi-billion-dollar cash cow.
 
A paper published in The Lancet way back in 1980 showed that conventional cancer treatment, especially chemotherapy, did not prolong patient’s life span. This picture has not changed even today; but we continue to use the same treatment, thanks to aggressive promotions by vested interests. A 1979 study, in Israel had also come to similar conclusions. 
 

Dangerous Polypharmacy

Cochrane database in the UK shows that, by the age 50, nearly 47% of the people are on one to three pills that do not help them but could have given them new side-effects in newer diseases. One example is of the popular statins. Whereas statins might, or might not, bring down heart and brain attack deaths marginally, statins certainly would have brought in many new illnesses as their side-effects. Many on statins become diabetics.
 

Pesticides Cause World Malnutrition!

Genetically modified (GM) food and pesticides, together, might push mankind into dangerous malnutrition by destroying the natural pollinators. “Pollinator declines can really matter to human health, with quite scary numbers for vitamin A deficiencies, for example, which can lead to blindness and increase death rates for some diseases, including malaria," said UVM scientist Taylor Ricketts, co-author of the new study. Pesticides also make our fertile soil impotent, thanks to the killing of all earthworms and their ilk, depriving the soil of oxygen supply! We do not see what is good in nature. We have sold our souls to the devil in search of corporate profits—a short-term gain and long-term loss beyond comprehension. 

 

Oil Pulling Reduces Mouth Malodour

Oil pulling is an old method of treating many maladies in Ayurveda. This was mainly an anecdotal finding, until very recently. Now, it has got scientific backing. The first thing you take in the morning 15-20ml of your choice of oil (sesame oil and coconut oil are the two choices). Swish the oil through the teeth but do not gargle. This can go on for 10-15 minutes before spitting the oil out. Within a week or two, the bad smell in the mouth disappears. It reduces the harmful bacteria in the mouth. The other claims in Ayurveda, like relief of joint pain, etc, still remains anecdotal. Since they are as good as chlorhexidine, oils are much safer than chemicals in the mouth. The other advantage is that these oils do not kill good germs of which there should be billions in our mouth for good oral health. 

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Section 66A: Relief Soon?
The Calcutta High Court should make the Modi government think
 
In a landmark judgement, the Calcutta High Court penalised the West Bengal government and ordered action against police officials who had arrested professor Ambikesh Mahapatra of Jadavpur University in 2012 for forwarding an email joke about Mamata Banerjee, chief minister of West Bengal. The state has been ordered to pay Rs50,000 in compensation and another Rs50,000 in costs to the professor.
 
Although a high court order does not have the same finality as a Supreme Court judgement (where a case is pending), it has sent a wave of relief among victims of cases filed under Section 66A of the Information Technology (IT) Act. This Section has been repeatedly abused by powerful politicians, political parties and their followers to silence critics and violate human rights through the abuse of the draconian power to arrest and jail those who speak their minds, especially on social media. 
 
Section 66A provides the power to arrest a person for sending grossly offensive or menacing messages, or causing annoyance and inconvenience through electronic communication service. It prescribes a three-year jail term, if found guilty. The wording of the Section has been liberally misinterpreted to harass and intimidate people by arresting them. 
 
While the Act has been repeatedly challenged, the Supreme Court, in 2013, diluted the power of arrest by ruling that no person can be arrested for social media posts without prior approval from an officer of the rank of an inspector general of police. This case, too, was in connection with comments posted on social media about a member of the legislative assembly (MLA) of Tamil Nadu. An advisory to this effect had been issued in states like Maharashtra even earlier after controversial arrests. 
 
Activists and freedom of speech proponents in India have keenly followed a clutch of petitions challenging the constitutional validity of Section 66A in the Supreme Court on the grounds that it violates Article 21 of the Indian Constitution, guaranteeing our fundamental right to freedom of speech and expression. 
 
The examples of misuse of Section 66A by politicians are many. In 2012, two young girls were arrested and terrorised by a mob for a harmless Facebook post criticising the shutdown of Mumbai for the funeral of Shiv Sena supremo Bal Thackeray. One of them had merely ‘liked’ the post. 
 
Karti Chidambaram, son of former Union minister P Chidambaram, had a Puducherry businessman arrested at night for some posts on Twitter. This case, too, had sparked outrage on social media. Section 66A has even been applied with other provisions of the Indian Penal Code for cases involving cyber-squatting and impersonation. 
 
In February this year, the apex court completed its hearings and has reserved its order. Since the government has made it clear that it is not taking an adversarial position in court, there is a good chance that Section 66A will be defanged, either due to a court order or an amendment of the IT Act to redraft the draconian and highly abused Section. Until then, however, it is not unusual to find people threatened with action under this Section at various forums.

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COMMENTS

SuchindranathAiyerS

2 years ago

Section 66A: Calcutta High Court stands up for "right to free speech and expression. Will the Supreme Court? It is hard to believe that an Indian High Court has stood u for fundamental rights. Just recently, I had the misfortune of hearing a Karnataka High Court Judge proclaim, in open court, that "This is India, not UK or US" to quash a cognized criminal case against a gang of influential and wealthy accused without any regard for the law or evidence. On appeal, the Supreme Court declined to interfere. One also remembers the Suryanelli rape case that was quashed by a High Court without any regard for law or evidence.

SuchindranathAiyerS

2 years ago

It is hard to believe that an India High Court has stood u for fundamental rights. Just recently, I had the misfortune of hearing a Karnataka High Court Judge proclaim, in open court, that "This is India, not UK or US" to quash a cognized criminal case against a gang of influential and wealthy accused without any regard for the law or evidence. One also remembers the Suryanelli rape case that was quashed by a High Court without any regard for law or evidence.

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