CBI's Nageswara Rao held guilty of contempt
The Supreme Court on Tuesday held M Nageswara Rao, former acting Director of Central Bureau of Investigation (CBI), guilty of contempt of court and sentenced him along with the agency's legal advisor S Bhasuran till the rising of the court.

Refusing to accept the unconditional apology tendered by Rao on Monday, a bench of Chief Justice Ranjan Gogoi, Justice L Nageswara Rao and Justice Sanjiv Khanna on Tuesday directed him to sit in the courtroom for the remaining working hours for the day. It also levied a fine of Rs1 lakh on him.

"The dignity of the court must be maintained, but this is brazen," he said.

Rao and Bhasuran earned the wrath of the court for transferring Sharma from the CBI after his promotion as the Additional Director General, CRPF, without taking the apex court's permission.

The top court had in an 31 October 2018 order said, "Sharma would continue to be the senior most officer as apart of investigating team."

Later on 28 November 2018, the SC stated, "We make it clear that Mr AK Sharma, Additional Director in charge of investigations, would continue to remain in-charge of investigations and the expanded team including new members will report to him directly."

The 28th November order had been passed after the CBI agreed to expand the scope of Muzaffarpur shelter home investigation to other shelter homes in Bihar as well.

After his transfer, Sharma moved the apex court saying he could not be transferred as the CBI needed to take the court's permission.

Appearing for Rao on Tuesday, Attorney General KK Venugopal called his decision an "error of judgment" and not "wilful disobedience" of the Supreme Court order and urged the court to take a merciful approach.

However, CJI Gogoi observed repeatedly that Rao was in the know of the top court orders, and told the Attorney General, "Look at what he says, but his conduct post 18 January 2018... he does not feel the need to inform the court."

Holding Rao guilty of contempt of court, the SC Bench noted that on 18th January, when Sharma was transferred, Rao was aware of the two apex court orders and had asked him to approach the court.

The same day, however, he signed a draft order sent by the DoPT relieving Sharma from the CBI without taking the apex court into confidence.
 
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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Income Tax Dept detects Rs18,000 crore bogus billing scam
In a major crackdown on black money and hawala transactions, the Income Tax (IT) Department has detected Rs 18,000 crore bogus billings in the national capital, officials said on Monday.
 
A senior IT Department official said the department had carried out a series of searches and surveys for the past few weeks and busted three group operators indulging in the business of providing bogus entries and hawala transactions. 
 
He said one such survey on a group in central Delhi's Naya Bazar led to the detection of over Rs 18,000 crore bogus billing. The group had floated 12 bogus entities for providing fake bills, he said.
 
Explaining break-up of bogus entries, the official said about 1,462 people/firms benefited by showing bogus entries of over Rs 8,211 crore through sales, while over Rs 5,590 crore was detected with 1,095 beneficiaries through purchases. 
 
Another bogus entries of over Rs 3,851 crore through consignment of goods by 299 beneficiary firms was also detected. 
 
In an another case, a highly organised money laundering racket was unearthed wherein current transactions in well-known shares were fraudulently camouflaged as being sales of old shares for years.
 
"In this way, the beneficiaries have been found claiming bogus long-term capital gains," he said, adding the magnitude of the scam unravelled so far has crossed Rs 1,000 crore. "This figure appears to be tip of the iceberg and this kind of transaction has been going on for years."
 
The official also said searches and surveys on a third group involved in hawala transactions and money laundering led to detection of undisclosed foreign bank accounts and a well-established racket of claiming bogus duty draw back/goods and services tax (GST) through over-pricing of exports. 
 
"The preliminary estimates of such exports are more than Rs 1,500 crore," he said.
 
"Evidence of arranging foreign trips and foreign currency for people on foreign trips have also been found," he added. 
 
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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CBI grills Kumar, Ghosh in chit fund scams
The Central Bureau of Investigation (CBI) on Monday again questioned Kolkata Police Commissioner Rajeev Kumar and former Trinamool Congress Rajya Sabha member Kunal Ghosh in connection with the Saradha and Rose Valley chit fund scams.
 
This is the third consecutive day of questioning for Kumar by the CBI and the second day for Ghosh, who was made to sit face-to-face with the Police Commissioner, on Monday.
 
"Both of them are being examined and we don't know how it will long take," a CBI official said.
 
Ghosh, arrested on November 2013 in connection with the two chit fund scams and granted interim bail by the Calcutta High Court in 2016, said: "They (CBI) have summoned me. I have come here as per the Supreme Court order and I will cooperate with them.
 
"The CBI is interrogating the very police officer who grilled me. This is my moral victory," he said.
 
Ghosh had earlier implicated former Union Minister Mukul Roy, who has quit the Trinamool Congress and joined the Bharatiya Janata Party, and 12 others in the Saradha chit fund scam.
 
On Saturday, the CBI interrogated Kumar for eight hours on charges of withholding and tampering important documents.
 
Kumar arrived in Shillong on Friday evening from Kolkata via Guwahati after the Supreme Court, while hearing the matter on Tuesday, directed him to join the CBI probe at a "neutral place" in Shillong.
 
He was accompanied by three senior state police officers - Additional Police Commissioner Javed Shamim, Special Task Force chief Murlidhar Sharma and CID chief Praveen Kumar Tripathi.
 
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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COMMENTS

waheed parwez

7 days ago

informative and useful ...ee have full faith in the judiciary.....

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