Arrest of ex-Orissa HC judge could open can of worms on multi-crore dirty court deals

News Network
September 22, 2017

New Delhi, Sept 22: The arrest of retired Orissa High Court judge Ishrat Masroor Quddusi and five other persons may expose several "dirty deals" as the Central Bureau of Investigation (CBI) has recovered incriminating documents, which shows influence was used to settle other multi-crore projects.

The CBI has arrested them on the charge of helping an Uttar Pradesh-based educational trust barred by the government from admitting medical course students. Those arrested along with Quddusi after questioning are BP Yadav, Palash Yadav, Biswanath Agrawala, and Ram Dev Saraswat.

Interestingly, one of the accused, Bhawana Pandey, lives in the same building in south Delhi's posh Greater Kailash area where retired judge Quddusi was staying.

Bhawana Pandey is a known name for the CBI as on April 2, 2001, the agency had arrested her along with suspended Central Board of Excise and Customs chairman B P Verma, his son Siddharth on charges of corruption.

Pandey is known among the political circlea as a 'power broker' and has allegedly helped in settling several highprofile deals.

This is not the first time Pandey was linked with Quddusi - as a sting video uploaded on YouTube in 2014 has resurfaced that shows them striking the deal to file a public interest litigation (PIL) against diesel subsidy and push for land subsidy for an e-car company.

In the video, which was apparently shot at a five-star hotel, Pandey can be seen acting as his mediator in judicial dealings. Mail Today could not verify the authenticity of the video but the 18-minutes clip is also in the notice of CBI.

Investigators told Mail Today during the searches they have found several documents, which indicate that Quddusi was involved in other corporate deals as well, but they are yet to find if he used his influence in settling court matters and whether other judicial members were involved in the case.

During the raids, including at Quddusi's residence, CBI seized Rs 1.91 crore, including Rs 1 crore from middleman Agrawala and Rs 91 lakh from others. Agarwala had received the seized money from a hawala dealer.

The CBI FIR said BP Yadav and Palash Yadav were managing the Lucknow-based Prasad Educational Trust which runs the Prasad Institute of Medical Sciences.

The institute is among 46 colleges barred by the government from admitting medical course students for two years (till 2019) because of substandard facilities and non-fulfilment of criteria.

A special court sent all the accused on four-day CBI custody in a corruption case. Special judge Manoj Jain sent Quddusi and others to custody after the central probe agency said their custodial interrogation was required to unearth the larger nexus in the alleged medical college scam issue.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 22,2020

New Delhi, Jun 22: Defence Minister Rajnath Singh on Monday left for a three-day visit to Russia. Singh is likely to discuss the India-Russia defence and strategic partnership during the visit and also attend a military parade in Moscow to mark the 75th anniversary of the Soviet victory over Nazi Germany in the Second World War.

The visit comes days after the violent face-off with China in which 20 Indian Armymen were killed in Galwan valley in Ladakh.

"Leaving for Moscow on a three day visit. The visit to Russia will give me an opportunity to hold talks on ways to further deepen the India-Russia defence and strategic partnership. I shall also be attending the 75th Victory Day Parade in Moscow," the Defence Minister tweeted.

Defence Secretary Ajay Kumar is also accompanying the minister.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 21,2020

New Delhi, Jul 21: The Supreme Court has asked the Ministry of Finance to look into a plea which claimed a loss of hundreds of crore every day, as the public sector banks are not invoking personal guarantees of big corporates who have defaulted on loans.

A bench comprising Justice R. F. Nariman and Navin Sinha asked the petitioners, Saurabh Jain and Rahul Sharma, who filed the PIL, to move the Finance Ministry with a representation within two weeks. The top court observed that the issue is important and the ministry should respond after the petitioner has made the representation before it. The matter had come up for hearing on Monday.

"We are of the view that at page 115 of the Writ Petition it has been made clear that the Ministry of Finance itself has, by a Circular, directed personal guarantees issued by promoters/managerial personnel to be invoked. According to the petitioners, despite this Circular, Public Sector Undertakings continue not to invoke such guarantees resulting in huge loss not only to the public exchequer but also to the common man", said the bench in its order.

Senior advocate Manan Mishra and advocate Durga Dutt, represented the petitioners.

Mishra contended before the bench that the statistics establish the public sector banks incurred a loss of approximately Rs 1.85 lakh crore in a financial year, and the banks did not take action to invoke personal guarantees of the biggest corporate defaulters.

The bench observed that since the petitioners claim the public sector undertakings are not complying with this circular, "We think you should first go to the ministry," said the bench.

Mishra argued before the bench that the loans from a common man are recovered through a mechanism where officials go through even the minutest detail, but promoters, chairpersons and other senior level functionaries of the big corporates find it convenient to get away by defaulting on loans.

The bench told the petitioner's counsel that the Finance Ministry has already issued a notification on this matter, and the petitioners should seek response from the ministry, and then move the top court. Mishra submitted before the bench to issue a direction to the Finance Ministry to give a response on their representation.

The bench said, "We allow the petitioners, at this stage, to withdraw this Writ Petition and approach the Ministry of Finance with a representation in this behalf. The representation will be made within a period of two weeks from today. The Ministry of Finance is directed to reply to the said representation within a period of four weeks after receiving such representation. With these observations, the petition is allowed to be withdrawn to do the needful."

Mishra contended before the bench seeking liberty to come back after a reply from the Finance Ministry. Justice Nariman said this option is open for petitioners after a decision has been taken by the ministry. "We will hear you", added Justice Nariman.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 10,2020

New Delhi, Jun 10: Delhi recorded 1,366 fresh cases of COVID-19 on Tuesday, taking the tally to 31,309, while the death toll mounted to 905, authorities said on Wednesday.

According to a health bulletin issued by the Delhi government's health department, there are 18,543 active cases, while 11,861 patients have either recovered, been discharged or migrated.

No health bulletin was issued on Tuesday.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.