SC seeks report on action taken on “cash-for-vote” scam

According to the petition filed by former CEC JM Lyngdoh, neither the Delhi Crime Branch nor the chairman of the joint parliamentary committee headed by Kishore Chandra Deo had so far taken any tangible steps to initiate action against those responsible for the scam

New Delhi: The Supreme Court today sought a status report from the Union government on the action taken against parliamentarians for allegedly attempting to bribe BJP Members of Parliament (MPs) during the trust vote faced by the United Progressive Alliance (UPA) government in July 2008, reports PTI.

A bench of justices Aftab Alam and RM Lodha sought the status report while issuing notices to the Centre and the city police commissioner on a PIL alleging inaction against the alleged offenders.

Senior counsel Rajiv Dhawan and counsel Prashant Kumar appeared for petitioner and former chief election commissioner JM Lyngdoh.

In the PIL, Mr Lyngdoh had sought directions to the government to set up an independent special investigation team (SIT) to probe in a time bound manner the ‘cash-for-vote’ scam during the trust vote faced by the UPA government in July 2008.

He also pleaded that the SIT chief should be given absolute powers and independence to choose the best officers to complete the probe in six months.

The petition alleged that though the entire nation was shocked by the spectacle of three BJP MPs displaying wads of currency notes in Parliament as bribe money to vote in favour of the UPA during the 22 July 2008 trust vote, yet no action has so far been taken against the guilty persons.

According to the petition, neither the Delhi Crime Branch which registered a first information report (FIR) nor the chairman of the joint parliamentary committee headed by Kishore Chandra Deo, which inquired into the allegation, had so far taken any tangible steps to initiate action against those responsible for the scam.

On 22 July 2008, three BJP members had placed Rs1 crore cash in the Lok Sabha alleging that they were given to them by floor managers of the UPA government to secure their support during the no-confidence motion after Left parties withdrew their support over the Indo-US Nuclear deal.

The BJP leaders had claimed that the floor managers had sought to purchase them through a Samajwadi Party leader.

The allegation was levelled by the BJP MPs Ashok Argal, Faggan Singh Kulaste and Mahavir Bhagora.


Maruti Suzuki sales up 4% in April

The country’s largest car-maker Maruti Suzuki India (MSI) reported a 4.40% jump in April sales to 97,155 units.

Sales for the same month last year stood at 93,058 units, MSI said in a statement.

The national capital-based company recorded sales of 87,144 units in the domestic market last month, an 8.88% increase from 80,034 units in April, 2010.

MSI’s exports, however, declined by 23.13% in April to 10,011 units from 13,024 units in the year-ago period, the company added.

Sales of the company’s once bread-and-butter model M800, went up 11.96% to 2,528 units during the reporting period from 2,258 units in April, 2010, the statement said.

Sales in the A2 segment (comprising Alto, WagonR, Estilo, Swift, A-Star and Ritz) witnessed 1.82% growth to 57,443 units from 56,416 units in the same month a year ago.

A3 segment sales (comprising the SX4 and DZiRE models) increased by 39.07% to 13,899 units from 9,994 units in the corresponding period a year ago, the company said.

MSI’s total passenger car sales rose 7.63% to 73,905 units in April from 68,668 units in the same month in 2010, it added.

In the early afternoon, shares of MSI were trading 1.8% down at Rs1,296 on the Bombay Stock Exchange.


Shopper’s Stop Q4 net at Rs7.7 crore

Retail chain Shopper’s Stop reported consolidated net profit of Rs7.71 crore for the fourth quarter ended 31 March 2011.

The firm, which runs specialty stores like ‘Mothercare’, ‘Crossword’ and large format outlets like ‘HyperCity’, had reported a consolidated net profit of Rs12.57 crore in the same quarter in the previous fiscal.

Shoppers Stop said the results were not comparable on account of termination of the franchisee agreement with Crossword Bookstores (CBL), its wholly-owned subsidiary.

“The operations of ‘Crossword’ have been handed over to CBL with effect from 1 October 2010 at book values. (Increase)/decrease in inventories includes transfer of inventory to CBL aggregating Rs2,325.06 lakh as on 1 October 2010,” the company said in a statement.

The total consolidated income for the period under review was Rs620.94 crore, while the same stood at Rs388.84 crore in the corresponding period a year ago.

For the fiscal ended 31 March 2011, the company’s consolidated net profit stood at Rs43.19 crore. It had posted a net profit of Rs35.88 crore in the previous fiscal.

During the period, the firm had a total consolidated income of Rs2,234.90 crore, while it had Rs1,452.05 crore in the year ago period.

“We have witnessed a strong and stable environment over the past year with strong growth in like-to-like sales of 17% for the year,” Shoppers Stop customer care associate and managing director Govind Shrikhande said.

On a standalone basis, the company’s net profit for the quarter ended 31 March, was Rs19.92 crore as against Rs16.43 crore in the same period a year ago.

“We are expanding steadily in metros as well as tier II cities, which is witnessing consumption boom and has given us access to growing number of customers,” he said.

In the early afternoon, shares of Shopper’s Stop were trading 1.87% down at Rs343.05 on the Bombay Stock Exchange.


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)