Saradha Scam: Former Assam DGP commits suicide

September 17, 2014

Guwahati, Sept 17: Former Assam Director General of Police Shankar Barua, quizzed recently by CBI in connection with Saradha scam, allegedly shot himself dead at his residence today.

Shankar BaruaGuwahati Senior Superintendent of Police A P Tiwari told PTI that Barua was rushed to a local nursing home at around 12 noon and was declared dead there.''Barua is no more. We are investigating. We cannot say anything now. Only after the investigation we can talk about details,'' Tiwari said.

Barua's body has been sent for post-marten. He was admitted to another hospital last week after he complained of heart problems and was released from there this morning.

''He came home and within half an hour he went to the terrace and shot himself with a pistol. He was immediately rushed to a nearby hospital by family members,'' a close family member said.

Barua's name got linked with the scam after an employee of Saradha's media house here alleged last year that he had provided 'protection' to them in Assam which was arranged by popular Assamese singer and filmmaker Sadananda Gogoi on behalf of the group.

Gogoi was taken to Kolkata by CBI for further questioning and was subsequently arrested on September 12.

CBI had conducted raids on 12 premises on August 28 in connection with the multi crore rupees ponzi scheme scam. The raids were carried out at the residences of two former Assam ministers, including that of former health minister Himanta Biswa Sarma, Barua and Gogoi, among others.

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News Network
May 28,2020

New Delhi, May 28: BJP national spokesperson Sambit Patra has been admitted to a private hospital in Gurgaon after he showed symptoms of COVID-19, sources said.

He is admitted to the Medanta hospital in Gurgaon, hospital sources said on Thursday.

The BJP leader has shown symptoms of COVID-19, a source said.

Patra is one of the most visible BJP faces on news channels.

He is also very active on social media and posted several tweets on Thursday as well.

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News Network
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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