SIT set to expand ambit of probe into black money

February 10, 2015

New Delhi, Feb 10: The Supreme Court-appointed Special Investigation Team (SIT) probing the black money cases is set to widen its inquiry in view of new names of Indians with Swiss bank accounts emerging on Monday.

SIT black money

The SIT, however, said legal action would be taken only after verification of facts.

“The scope of investigation will definitely be widened due to the (emergence of) new names. We will have to identify those names and scrutinise them,” SIT Chairman Justice (retd) M B Shah was quoted as saying by a news agency.

He said there were some old names, but some new names have also come out.

“We can't take action on the basis of news reports only. We will first verify the claims from our side and then take legal action,” he said.

The revelations by a collaboration of “The Indian Express” and “Le Monde” of Paris with the International Consortium of Investigative Journalists (ICIJ) brought out names ranging from the richest Indian industrialist Mukesh Ambani, having an average joint balance of Rs 164.92 crore along with his younger brother Anil Ambani, to NRI businessman Naresh Goyal and politician Narayan Rane.

The list also included the names of Dabur Chairman Anand Chand Burman; Anurag Dalmia of Dalmia Pvt Ltd; Yash Birla Group Chairperson Yashodhara Birla, Rajan Prasad Nanda of Escorts; and Harshavardhan Neotia of the Ambuja Group.

SIT Vice-Chairman Justice (retd) Arijit Pasayat, who attended a meeting of the high-powered panel, said that it would “consider all new cases where there is evidence of black money”.

“If any new name comes and whichever way we have authentic information, we will act on it,” he said after the over-two-hour meeting, where existing cases of this nature were also reviewed.

The SIT had in December submitted a report to the apex court revealing that people on the HSBC list held Rs 4,479 crore in Swiss banks. The court had directed the Centre to ensure that the ongoing probe was completed by March this year.

It had suggested quoting PAN for cash and cheque transaction for payments over Rs 1 lakh to curb cases of slush money. Unregulated mining, Ponzi schemes, iron-ore exports, and the misuse of the export-import route, were identified as major areas prone to black money transactions.

The new names reported by the ICIJ said their records, apparently obtained through leaks from a Geneva-based branch of the HSBC, show that there are 1,668 Indians on it, while the number of actionable cases stands at 1,195 after taking into account duplication and some other factors.

Collectively, these accounts had a balance of $4.1 billion (Rs 25,420 crore) till 2007. The SIT is likely to discuss the new data in its next meet.

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News Network
January 7,2020

New Delhi, Jan 7: The government has asked public sector undertakings to dissuade their employees from participating in the 'Bharat Bandh' called on Wednesday and advised them to prepare a contingency plan to ensure smooth functioning of the enterprises.

Ten central trade unions have said around 25 crore people will participate in the nationwide strike to protest against the government's "anti-people" policies.

Trade unions INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF, UTUC along with various sectoral independent federations and associations had adopted a declaration in September last to go on the nationwide strike on January 8.

"Any employee going on strike in any form, including protest, would face the consequences which, besides deduction of wages, may also include appropriate disciplinary action," said an office memorandum issued by the government.

"Suitable contingency plan may also be worked out to carry out the various functions of the ministry/department," it added.

It also issued instructions not to sanction casual leave or other kind of leave to employees if applied for during the period of the proposed protest or strike and ensure that the willing employees are allowed hindrance-free entry into the office premises.

The instructions issued by the Department of Personnel & Training prohibit the government servants from participating in any form of strike, including mass casual leave, go-slow and sit-down, or any action that abet any form of strike.

Besides, pay and allowances are not admissible to an employee for his absence from duty without any authority.

The central trade unions are protesting against labour reforms, FDI, disinvestment, corporatisation and privatisation policies and to press for a 12-point common demands of the working class relating to minimum wage and social security, among others.

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News Network
February 17,2020

Mumbai, Feb 17: The Shiv Sena on Monday said the ongoing preparation for the much awaited visit of US President Donald Trump is a reflection of the "slave mentality" of Indians.

Trump's India trip is like the visit of a "Badshah" (emperor), an editorial in Sena mouthpiece 'Saamana' said.

Taking a dig at the construction of a wall on a plot having several slum structures in Ahmedabad ahead of Trump's visit there, the Sena said the US president's trip would neither stop the fall of rupee's value in forex market nor offer betterment to those (slum dwellers) behind the wall.

"Before Independence, British King or Queen used to visit one of their slave nations like India. The kind of preparations going on from taxpayers' money for the arrival of Trump is similar to it. This reflects the slave mentality of Indians," it said.

The Sena also took a swipe at Prime Minister Narendra Modi over the Ahmedabad Municipal Corporation's (AMC) move to build wall on a plot to "hide the slums" on the route through which Trump's convoy would pass.

"Former prime minister Indira Gandhi had once given the slogan 'Garibi Hatao', which was ridiculed for a long time. It seems now Modi's plan is 'Garibi chupao' (hide poverty)," the Marathi publication said.

Is there any financial allocation for such a wall being built in Ahmedabad? Is the US going to offer loan to India to build such walls across the country? it wondered.

"We have heard Trump is going to be in Ahmedabad for only three hours but the wall construction is costing almost Rs 100 crore to the state exchequer," it said.

It is basically a political arrangement between Prime Minister Modi and US President Trump, the Sena claimed.

Last year, 'Howdy, Modi!' (a mega event jointly addressed by the Indian prime minister and Trump) was organised in the US, it noted.

A similar programme, "Kem Chho Trump" (Gujarati expression for how are you Trump), has been now organised (in Ahmedabad) ahead of the US elections, chiefly because of a sizable number of Gujarati people living in America, the Shiv Sena claimed.

"But this visit of President Trump is neither going to stop further fall of rupee in the forex market nor offer betterment to those behind the wall (being built in front of slums in Ahmedabad)," it said.

The Sena said Trump is "not someone very wise or a statesman or someone who cares for the whole world", but he has to be treated with respect as he represents the mighty US.

"Sometimes you have to treat someone with respect to get your things done," it quipped.

The AMC on Friday said the construction of the wall, around four feet in height, was approved much before Trump's Gujarat visit was finalised.

Trump is scheduled to visit Modi's home state Gujarat on February 24.

He will visit the famous Sabarmati Ashram in Ahmedabad and take part in a roadshow with Modi. After that, the two leaders will inaugurate a new cricket stadium in Motera and address a gathering there, with an expected audience of over a lakh people.

While it was earlier speculated that the programme would be called 'Kem Chho Trump', the Ahmedabad Municipal Corporation on Sunday tweeted a series of posters confirming that the event is now christened as 'Namaste Trump', apparently to give it a pan-India appeal.

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News Network
January 1,2020

Jan 1: Two army personnel were killed in a gunfight with heavily-armed Pakistani infiltrators along the Line of Control (LoC) in Jammu and Kashmir's Rajouri district on Wednesday, officials said.

The infiltrators were intercepted in the Khari Thrayat forest when they were trying to sneak into India from Pakistan-occupied Kashmir (PoK), they said.

"Two army soldiers martyred during cordon and search operation in Nowshera sector. The operation is still in progress and further details are awaited," Jammu-based Indian Army Public Relations Officer (PRO) Lt Col Devender Anand said in a statement.

The search operation was launched following information about the movement of suspected terrorists, the officials said.

The infiltrators opened fire on the troops and during a fierce gunfight, the two soldiers were killed, they said.

The officials said a massive operation is on in the area.

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