IMA scam: SIT issues notice to Zameer Ahmed, Roshan Baig; CA arrested

News Network
July 25, 2019

Bengaluru, Jul 25: BZ Zameer Ahmed Khan, minister in the outgoing Karnataka coalition government, has been issued notice by the Special Investigation Team (SIT) probing the IMA multi-crore fraud case.

The minister has been asked to appear before the investigation officer as part of the probe on Monday.

It may be recalled that Khan was also issued a notice by the Directorate of Enforcement (ED), which is also probing a case against IMA, earlier.

It is said that the questioning is about the financial transaction between Khan and IMA Founder and Managing Director Mohammed Mansoor Khan, related to a property.

Congress rebel MLA Roshan Baig is also issued a notice by the SIT to appear before them on Monday. Baig had already appeared before the SIT and had submitted several documents.

It is learnt that the SIT will grill Baig based on the documents he produced.

Meanwhile, a 72-year-old chartered accountant (CA) for the IMA firm has been arrested by the SIT for allegedly submitting false information to government agencies.

Iqbal Khan, a resident of Berley Street in Shantinagar, is the arrested CA.

“He used to file the returns of IMA to Income Tax, Registrar of Companies and other government agencies. It has been found that he fudged the accounts of the firm and submitted it to the agencies and projected the firm as a profit-making one. Hence, he has been arrested,” the police added.

In another development, several women investors gathered in front of the City Civil Court Complex on Wednesday, staging a protest demanding that the IMA probe should be referred to the CBI.

They also demanded that their money has to be returned at the earliest.

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News Network
June 11,2020

New Delhi, Jun 11: The Department of Pharmaceuticals has given its nod for lifting of ban on the export of hydroxychloroquine, Union Minister D V Sadananda Gowda said on Wednesday.

India had banned export of hydroxychloroquine on March 25, with some exceptions, amid views in some quarters that the drug could be used to fight COVID-19. On April 4, it completely banned the exports without any exception.

"Department of Pharmaceuticals has approved the lifting of ban on export of Hydroxychloroquine API as well as formulations. Manufacturers except SEZ/EOU Units have to supply 20 per cent production in the domestic market," the minister of chemicals and fertilisers said in a tweet.

The Directorate General of Foreign Trade (DGFT) has been asked to issue formal notification in this regard, he added.

In another tweet, Gowda said he held discussions with representatives of pharma companies along with some of his ministerial colleagues on the challenges being faced by the industry and on the roadmap to boost exports.

"Had detailed discussion with representatives of pharma companies & association, stakeholder Ministries along with Hon Ministers @piyushGoyal  ji, @HardeepSPuri  ji, & @MansukhMandviya  ji on entire gamut of challenges faced by the industry as well as strategies to boost pharma export," Gowda tweeted.

India exported hydroxychloroquine API (active pharmaceutical ingredient) worth USD 1.22 billion in April-January 2019-20.

During the same period, exports of formulations made from hydroxychloroquine was at USD 5.50 billion.

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News Network
June 20,2020

Bengaluru, Jun 20: A petition has been filed in Karnataka High Court to transfer Amulya Leona case to the National Investigation Agency (NIA). She raised pro-Pakistan slogans at an anti-CAA rally on February 20 at Freedom Park.

The petition, filed by advocate Vishal Raghu, blamed the probe team for not filing chargesheet on time and suggested the state government to approach the higher court against bail granted to Amulya Leona.

On June 11, she was granted conditional bail by the Bengaluru civil court.

She was charged with sedition for her actions in the presence of All India Majlis-e-Ittehad-ul-Muslimeen chief Asaduddin Owaisi.

The court granted bail after hearing the bail application. Amulya's advocate on behalf of the petitioner said, "the petitioner is just a 19-year-old lady and she is studying in a private college in the Bengaluru. She shouted 'Pakistan Zindabad' but she never mentioned Pakistan as her country."

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News Network
March 4,2020

New Delhi, Mar 4: Tech giant Intel has said one of its employees in Bengaluru has "potentially been exposed" to coronavirus and is currently under quarantine.

The company also said it has implemented precautionary measures like travel restrictions, increased frequency of office sanitisation, and work-from-home provisions in India.

"An Intel employee in Bangalore has potentially been exposed and is currently under quarantine in accordance with government requirements," Intel said in a late night statement on Tuesday.

The company said it is monitoring the coronavirus situation closely and working to ensure that its employees have the information and resources they need to stay safe and informed.

In India, we have implemented precautionary measures such as travel and event restrictions, visitor screenings at all our offices, increased frequency of office sanitisation, and work-from-home provisions," it said.

The virus outbreak, which has seen cases being registered across the world including South Korea, Iran, Italy and Japan, has had a significant impact on businesses across industries.

Microblogging platform Twitter has asked its employees to work from home while other tech giants like Tata Consultancy Services and HCL Technologies instructed staff to avoid non-essential travel as IT firms put in place measures to safeguard workers against the deadly coronavirus.

The coronavirus outbreak claimed over 3,000 lives globally, and fresh cases being reported in India.

The government has stepped up its efforts to detect and check the virus outbreak whose epicentre was in China.

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