Indrani Mukerjea claims to have paid $5 million to P Chidambaram, son Karti in bribe, says CBI chargesheet

Agencies
October 19, 2019

New Delhi, Oct 19: Indrani Mukerjea has claimed to have paid a bribe of US $5 million to former Finance Minister and Congress leader P. Chidambaram and his son Karti Chidambaram through offshore payments in Singapore, Mauritius, Bermuda, the UK and Switzerland, the Central Bureau of Investigation stated in the chargesheet filed in a special court on Friday in the INX Media case.

The CBI also stated that it is awaiting response to its Letters Rogatory (formal request to a foreign court for judicial assistance) sent to five countries.

The agency filed a chargesheet against four entities and ten people under sections 120B (criminal conspiracy), 420 (cheating), 468 (forgery), 471 (signing a forged document as genuine) of Indian Penal Code and Section 9 (taking gratification, for exercise of personal influence with public servant), 13(1)(d) (abusing one’s position as a public servant) of 13(2) (public servant who commits criminal misconduct) of Prevention of Corruption Act.

The four entities charged are INX Media Private Limited (currently 9X Media Private Limited), INX News Private Limited (Direct News), Chess Management Services Private Limited and Advantage Strategic Consulting Private Limited (ASCPL).

The agency has charged P Chidambaram, then finance minister, his son Karti P Chidambaram, Ajeet Kumar Dungdung, the then section officer of Foreign Investment Promotion Board (FIPB) unit at Ministry of Finance, Rabindra Prasad, then under secretary at FIPB unit, Pradeep Kumar Bagga, then officer on special duty at Department of Economic Affairs, Prabodh Saxena, then director FIPB, Anup K Pujari, then Joint Secretary (Foreign Trade) Department of Economic Affairs, Sindhushree Khullar, then additional secretary, S Bhaskararaman, Chartered Accountant, and Peter Mukherjea, then director INX Media Limited.

The CBI has made Indrani Mukerjea, who is currently in jail in Mumbai in connection with the murder of her daughter Sheena Bora, approver in the case. She in her statement to CBI also stated that a meeting with P. Chidambaram to discuss the modalities of illegal gratification was held between March/April 2007.

The agency stated that CBI had registered a case in May 2017 to investigate corruption in INX Media Private Limited which had received foreign investment Rs 403.07 crore against approved foreign direct investment (FDI) of Rs 4.62 crore.

Further, this company illegally invested Rs 40.91 crore in its sister concern INX News Pvt Limited from the received FDI amount without approval from FIPB in violation of provisions of Foreign Exchange Maintenance Act.

During investigation, it was found that Indrani and Peter, directors of INX Media Private Limited, entered into a criminal conspiracy with the then finance minister P Chidambaram and his son Karti Chidambaram (the then director Chess Management Services Pvt Limited) and the then public servants of FIPB unit, Department of Economic Affairs for getting the issue settled without any penal action against them.

“This caused undue pecuniary advantage to the companies concerned in terms of possible penalty under FEMA which could have been up to three times the total amount received,” said a senior CBI officer.

The chargesheet stated that Karti had floated a front company, ASCPL, for receiving illegal payoffs in the guise of various consultancies and other fees and payments.INX Media had also made a payment of Rs 9.96 lakh into the account of ASCPL.

“An illegal payoff without delivering any service,” said CBI adding that further probe into the matter is on.

The Enforcement Directorate (ED) too had filed a money laundering case against Chidambaram in this regard in 2017. In the case, a Delhi court on Thursday sent P. Chidambaram to custodial interrogation by the Enforcement Directorate till October 24.

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Agencies
June 4,2020

New Delhi, Jun 4: Press Council of India (PCI) member BR Gupta has resigned from his post, saying he was unable to work individually or collectively for the media, which is in a "deep crisis".

"I have tendered my resignation as a Press Council of India member," Gupta told PTI.

He said the PCI had the responsibility to encourage media and media professionals constantly.

"But everyone now realises that the media scenario is in a deep crisis. The motto for which the Council was created was not being fulfilled and I felt I was not doing anything remarkable for the freedom of media," Gupta said.

He claimed that the PCI was not a wholly representative body for the media.

"Then how can we come out of the crisis being faced by the media and mediapersons? It is a big challenge for us. I have quit as I have not been able to work individually or collectively being a PCI member," Gupta added.

Referring to salary cuts and job losses, he said media and mediapersons were struggling for social, political and economic justice.

When contacted, PCI chairman Justice C K Prasad said Gupta's resignation has not been accepted yet.

"I have received it (the resignation). I have not gone through it. It has not been accepted," Prasad told PTI.

Gupta was appointed as a PCI member for a three-year term on May 30, 2018.

He said liberty is one of the basic features of the preamble to the Constitution that continues to inspire people and the media.

"It is difficult (for me) to fulfil the unbiased role and responsibility to help citizens and the media for making democracy stronger," Gupta said.

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News Network
March 21,2020

Beijing, Mar 21: China reported no domestically transmitted coronavirus cases for the third consecutive day even as seven more fatalities have been confirmed, taking the death toll in the country to 3255.

No new domestically transmitted cases of COVID-19 were reported on the Chinese mainland for the third day in a row on Friday, China's National Health Commission (NHC) said on Saturday.

The overall confirmed cases on the mainland had reached 81,008 by the end of Friday, which included 3,255 who died, 6,013 patients still undergoing treatment, 71,740 patients who had been discharged after recovery, the NHC said.

The NHC said 41 new confirmed COVID-19 cases were reported on the Chinese mainland on Friday from the people arriving from abroad, taking the total number of imported cases to 269.

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Agencies
July 21,2020

The Retailers Association of India (RAI) has said that ad hoc lockdowns by state governments are impacting the businesses of already-stressed retailers, along with hurting the economic revival of the country.

In a statement, the body of the organised retail industry said that the long road to recovery for the Indian retail industry continues to meet stumbling blocks with numerous restrictions being imposed at the state and local levels.

"Total lockdowns in some places and limited operational hours and days in several others are creating setbacks for retailers as the already stressed retail businesses are getting further interrupted and in turn, dampening consumer sentiment," it said.

According to RAI, although the intentions are that of citizen safety and social distancing, the recent instances of local lockdowns and ad hoc restrictions being imposed in Uttar Pradesh, Maharashtra, Andhra Pradesh and Karnataka are having a distressing impact on retail businesses.

Retailers are already facing huge setbacks in terms of payment of wages and rentals due to very low sales of about 40 per cent as compared to last year, thanks to the extended lockdown, it said.

Contesting the restrictions on operating hours, Sandeep Kataria, CEO, Bata India said: "Restricted shopping time can lead to unnecessary overcrowding of stores, which is unfavourable towards the personal safety of both store staff and customers. Longer operational hours will support recovery for retailers as well as help adhering to social distancing norms."

Arvind Mediratta, MD and CEO, METRO Cash & Carry India said that these lockdowns will create severe inconvenience for all citizens as they also bar operations of food and grocery retail and wholesale stores.

Such hastily-implemented decisions by states undermine investor confidence and would come in the way of making the country "aatmanirbhar" or self-reliant, he said.

Voicing the concerns of retailers, the RAI has submitted representations to various state and local authorities that puts forth recommendations to get businesses and life of consumers on the track to recovery.

It has said that authorities should mandatorily allow essential shops including kiranas, general trade shops, supermarkets, hypermarkets and wholesalers to operate every day of the week until 9 p.m. to cater to the daily needs of the customers.

It has also sought ensuring uniform and regular opening of all categories of retail for full working hours while following stringent hygiene practices and adhering to social distancing norms. This will help avoid overcrowding outside stores as demand will get distributed over all days of the week, it said.

The industry body has also asked the local authorities to open malls in all states. Malls can ensure a safe shopping experience wherein safety measures are taken by both, the mall authorities and the retailers, it said.

Kumar Rajagopalan, CEO, RAI, said: "The need of the hour is concerted efforts by all stakeholders. While retailers are doing their bit by following stringent hygiene practices, the policymakers too need to support to ensure economic revival across the country. Consumption is important for the country and supports the business environment."

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