Kerala CM Pinarayi Vijayan should face trial in graft case: CBI tells SC

Agencies
July 29, 2018

Thiruvananthapuram, Jul 29: The CBI has told the Supreme Court that Kerala Chief Minister Pinarayi Vijayan, who was discharged from all criminal and corruption charges in the SNC Lavalin case, "should face trial".

In an affidavit filed in the court, the Central Bureau of Investigation questioned the discharge of Vijayan and two others, saying the Kerala High Court orders in this regard was "not correct".

The CBI has challenged the High Court's August 23, 2017, order to discharge Vijayan, K. Mohanachandran, former Principal Secretary in Department of Power, and A. Francis, then department Joint Secretary. The High Court had given the go-ahead for the trial of remaining three accused, who are Kerala State Electricity Board officials.

Objecting to the High Court's decision to discharge certain accused and making remaining charge-sheeted persons to face trial, the CBI said: "Vijayan should also face trial for the same set of offences".

"The specific acts and omissions of each accused can only be decided in a properly conducted trial and the discharge of some accused may adversely impact the outcome vis-a-vis those tried in court," said the CBI affidavit.

Reacting to the fresh development, Leader of Opposition in Kerala Assembly Ramesh Chennithala told the media that it had now been proved right what they had been saying all along. "Vijayan should now react to this... we have been saying all through that he has a role in it."

Vijayan, however, has not responded so far.

The case pertains to an agreement with Canadian firm SNC Lavalin in 1997 for the renovation and modernisation of Pallivasai, Sengulam and Panniar hydroelectric projects in Idukki district of Kerala, which allegedly caused a loss of Rs 266 crore to the exchequer.

Vijayan was then the Power Minister in Kerala.

The three accused directed to face trial too had approached the apex court, asking why they were not treated on par with Vijayan and two co-accused discharged in the case.

The CBI maintained that the High Court order was "bad in law" and its findings that Vijayan and two others need not to face the trial amounts to "clear differentiation" between two sets of accused.

"Without the knowledge of Vijayan and two others, the consultancy agreements would not have been converted into supply contracts on fixed rates on February 10, 1997, when Vijayan was (Power) Minister and had gone to Canada along with Mohanachandran (also discharged in the case) as a guest of Lavalin and during the visit the decision to sign the supply contract was taken by Vijayan," the affidavit added.

"The wilful omissions and commissions on the part of the public servants provided the opportunity to SNC Lavalin for deriving wrongful gains, casing corresponding loss to the KSEB," it added.

A bench of Justice N.V. Ramana and Justice Abdul Nazeer had earlier stayed the trial of the case and sought the CBI's response.

On November 5, 2013, a CBI court in the state capital exonerated all the accused, without taking up the case for trial.

However, a year later, the CBI approached the High Court against the CBI court's exoneration, which ordered the trial against three persons and discharged three others, including Vijayan.

A criminal case was registered on February 12, 2007, and the CBI filed its charge sheet on June 12, 2009.

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News Network
February 6,2020

Beijing, Feb 6: The number of confirmed fatalities from China's coronavirus outbreak rose to at least 560, after authorities in hardest-hit Hubei province reported 70 new deaths on February 6.

In its daily update, the health commission in Hubei also confirmed the number of confirmed infections in the outbreak has reached 28,018 nationwide with 3,694 new cases reported.

The epidemic, which has spiralled into a global health emergency, is believed to have emerged in December from a market that sold wild game in Hubei's capital Wuhan.

Hu Lishan, an official in Wuhan, warned Wednesday that despite building a hospital from scratch and converting public buildings to accommodate thousands of extra patients, there was still a "severe" lack of beds in the region.

There was also a shortage of "equipment and materials," he told reporters, adding that officials were looking to convert other hotels and schools in the city into treatment centres.

Authorities in several other cities in China have placed restrictions on the number of people allowed to leave their homes.

Global concerns have also risen about the virus, with cases confirmed in more than 20 countries.

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News Network
January 27,2020

Kolkata, Jan 27: The West Bengal government on Monday tabled a resolution against the Citizenship (Amendment) Act in the Assembly.

The resolution appeals to the Union government to repeal the amended citizenship law and revoke plans to implement NRC and update NPR.

As per reports, state Parliamentary Affairs Minister Partha Chatterjee introduced the resolution in the House around 2 pm.

Three states - Kerala, Rajasthan and Punjab - have already passed resolutions against the new citizenship law.

The law has emerged as the latest flashpoint in the state, with the TMC opposing the contentious legislation tooth and nail, and the BJP pressing for its implementation.

The new citizenship law has emerged as the latest flashpoint in the state, with the TMC opposing the contentious legislation tooth and nail, and the BJP pressing for its implementation.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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