Alok Verma ouster: Kharge dissents, questions CVC findings

Agencies
January 11, 2019

New Delhi, Jan 11: Congress leader Mallikarjun Kharge submitted a dissent note before the High Powered Committee, which decided the ouster of Alok Verma as the CBI Director, questioning the Central Vigilance Commission (CVC) findings against Verma.

Kharge, the lone dissenting voice in the high-powered selection committee in his note argued, why Verma should be restored with "full extent and authority of powers" under his office.

Verma was removed as the CBI Director on account of the extremely serious nature of observations made by the CVC against him. The CVC was of the view that being the head of a very sensitive organisation, Verma was not functioning with the integrity expected of him.

"CVC (Central Vigilance Commission) report submitted to the Supreme Court doesn't arrive at any conclusive finding with respect to allegations against him," Kharge's note accessed by ANI stated.

Kharge also demanded that Verma be allowed to continue as CBI Director for an additional period of 77 days to make up for the days lost when he was sent on leave.

"Having examined the contents of the CVC report, it is my considered opinion that Alok Verma be allowed to explain himself before this Committee, along with the charges made against him, prior to any decision being taken," the note further read.

A high-powered committee comprising Justice Sikri, Prime Minister Narendra Modi and Kharge met for over two hours on Thursday to decide the fate of Verma, who was reinstated by the Supreme Court earlier this week after he was sent on forced leave by the government.

Echoing similar sentiments, another senior Congress leader Kapil Sibal took to Twitter on Friday and wrote, "Alok Verma's removal. The Committee ensured the caged parrot did not fly away fearing the parrot might spill the beans by parroting the goings on in the corridors of power. The caged parrot will remain caged."

According to sources, the CVC found evidence of influencing of investigation in the Moin Qureshi case. There was also evidence of Verma taking bribe of Rs. 2 crore, the sources claimed.

The CVC was of the view that Verma's conduct in the case was "suspicious," and there was a "prima facie case" against him. The CVC also felt that the "entire truth will come out if a criminal investigation is ordered."

In the IRCTC case, the CVC felt that it can be reasonably concluded that Verma allegedly "deliberately excluded" a name from the FIR, for reasons "best known to him," the sources said.

The CVC found evidence against Verma in several other cases as well, the sources said, including instances of wilful non-production and fabrication of record. The Committee also took note of Verma's alleged attempts to induct officers of doubtful integrity in the CBI.

In response to the "insinuation" that he was not given a chance to be heard, the sources said that Verma was given an opportunity to present his case before the CVC in the presence of Retd. Justice Patnaik.

The Supreme Court also provided a copy of the CVC report to Verma's advocate, the sources claimed.

The Committee felt that as a detailed investigation, including criminal investigation, was necessary in some cases, Verma's continuation as CBI Director was not desirable, and he should be transferred, the sources mentioned.

Verma, a 1979-batch IPS officer, was posted as DG, Fire Services, Civil Defence, and Home Guards, two days after he was reinstated as the CBI Director by the Supreme Court. His reinstatement had come about two-and-a-half months after being divested of his powers and sent on leave by the government.

In his place, 1986-batch IPS officer M. Nageshwar Rao, who is Additional Director of CBI, will look after the duties of the Director, till the appointment of a new Director or until further orders, whichever is earlier, according to an order issued by the Department of Personnel and Training.

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News Network
June 26,2020

New Delhi, Jun 26: "Iam Indira Gandhi's granddaughter, not an undeclared BJP spokesperson like some of the opposition leaders," Congress general secretary Priyanka Gandhi Vadra on Friday said, as she alleged that the Uttar Pradesh government is threatening her through various departments for speaking the truth. Priyanka Gandhi's dare to the Uttar Pradesh government came days after the Agra administration asked her to withdraw within 24 hours the claim of high coronavirus deaths in the district.

The Congress general secretary in-charge UP East has accused the Yogi Adityanath government of indulging in propaganda instead of dealing with the pandemic. "As a public servant, my duty is towards the people of Uttar Pradesh. And this duty is to put out the truth before them and not to put forth government propaganda. The UP government is wasting its time by threatening me through its various departments," Priyanka Gandhi said in a tweet in Hindi.

"They can take whatever action they want, I will keep putting forth the truth. I am Indira Gandhi's granddaughter not an undeclared BJP spokesperson like some of the opposition leaders," she said. This week, Priyanka Gandhi repeatedly attacked the Uttar Pradesh government over the "high" COVID-19 mortality rate in Agra and on other issues related to the state government's handling of the pandemic.

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News Network
May 12,2020

New Delhi, May 12: Former Prime Minister Manmohan Singh, who was admitted to the AIIMS here after suffering reaction to a new medication, was discharged on Tuesday.

The 87-year-old Congress leader was discharged around 12:30 pm, hospital sources said.

Manmohan Singh was shifted to a private ward in the Cardio-Neuro tower on Monday night. He was also tested for Covid-19 and his results had come out negative, the sources said. The Congress leader was admitted to the hospital on Sunday evening after he complained of uneasiness.

The sources said that Singh had developed a reaction to a new medication and was admitted to AIIMS for observation and investigation.

Manmohan Singh is currently a Member of Rajya Sabha from Rajasthan. He was the prime minister between 2004 and 2014.

In 2009, Singh underwent a successful coronary bypass surgery at the AIIMS.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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