Chidambaram’s arrest witch-hunt, voyeurism: Karti

Agencies
August 22, 2019

New Delhi, Aug 22: Congress MP Karti Chidambaram termed the arrest of his father and former Union Minister P. Chidambaram by the CBI on Wednesday night a "politically motivated witch-hunt", alleging the entire drama was being done for "voyeurism" and to divert attention of the country from serious issues.

"This is totally a politically motivated witch-hunt. This is apparently about events that happened in 2008, for which an FIR was filed in 2017. I have been raided four times. No one in the history of India has been raided four times. I'm the only person who has been raided four times. I've appeared before agencies over 20 times, and each time I have spent over 10 hours.

"I was also a 'guest' of the CBI, so I was quite aware of their procedures and accommodation. I was with them for 11 days, and still for events that happened in 2008 and for which they filed an FIR in 2017, and in August of 2019 they still do not have a charge sheet, which means there is no case.

"This whole thing is only being done for playing tricks and for voyeurism, and for the pleasure of a few and to divert the attention of the people of India from the serious issues. This is a completely trumped up, made for television, made for a media kind of spectacle," he said.

He also said that the arrest was made "to satisfy someone in the government".

Speaking in Tamil, he repeated that the charges were all "trumped up".

Senior Congress leader and former Finance Minister P Chidambaram was arrested from his house by the CBI after an evening of high drama.

In a series of tweets earlier, Karti Chidambaram thanked the Congress party for its support to his father and termed the "drama and spectacle" being enacted by the probe agencies was for the "voyeuristic pleasure of some".

"The drama and spectacle being enacted by the agencies is to simply sensationalise and satisfy the voyeuristic pleasure of some," he tweeted as CBI and ED officials scaled the boundary wall of the Jor Bagh residence of his father to arrest him.

"I am thankful to the @INCIndia Shri @RahulGandhi, @priyankagandhi, for their support. And ever grateful to @KapilSibal, @DrAMSinghvi, @salman7khurshid, for being there with us throughout."

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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News Network
June 10,2020

New Delhi, Jun 10: Petrol price on Wednesday was hiked by 40 paise per litre and diesel by 45 paise, the fourth straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 73.40 per litre from Rs 73, while diesel rates were increased to Rs 71.62 a litre from Rs 71.17, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fourth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In four hikes, petrol price has gone up by Rs 2.14 per litre and diesel by Rs 2.23.

Latest petrol, diesel prices in top cities:

New Delhi: Petrol ₹73.40. Diesel ₹71.62

Gurgaon: Petrol ₹72.86. Diesel ₹64.90

Mumbai: Petrol ₹80.40. Diesel ₹70.35

Chennai: Petrol ₹77.43. Diesel ₹70.13

Hyderabad: Petrol ₹76.20. Diesel ₹70b

Bengaluru: Petrol ₹75.77. Diesel ₹68.09

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News Network
June 11,2020

New Delhi, Jun 11: Petrol and diesel prices on Thursday were hiked by 60 paise per litre each - the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fifth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In five hikes, petrol price has gone up by Rs 2.74 per litre and diesel by Rs 2.83.

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