Yakub's body handed over to family, tight security in Mumbai

July 30, 2015

Nagpur/Mumbai, Jul 30: The body of Yakub Memon, who was hanged in Nagpur this morning for his role in the 1993 Mumbai serial bomb blasts, was handed over to his family which flew it to Mumbai for last rites amid tight security with city police disallowing any procession.

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Security has been stepped up in Mumbai, especially in Mahim area where Yakub's family resides as well as other sensitive localities of the metropolis, and over 400 people have been detained as a preventive measure.

Quick Response Teams of police, formed after the 26/11 terrorist attacks, have been deployed at a few places, including the Al Hussaini building where the Memon family lives and in Marine Lines, where the burial arrangements have been made.

"Yes Yakub Memon has been hanged at 7 AM sharp and his body is being handed over to his family," Maharashtra Chief Minister Devendra Fadnavis said. Yakub's brother Suleiman and cousin Usman, who were camping in Nagpur since yesterday, received the body which was taken to airport and flown to Mumbai. The two boarded the same flight.

Suleiman had moved an application last evening to the Nagpur jail authorities requesting that the body be handed over to the family. The request was accepted and accordingly, the body was wrapped in 'kafan' (shroud) and placed in a tightly sealed coffin box.

Mumbai Police has not allowed Yakub's family to carry the body in a procession and has made arrangements to perform the burial at a cemetery in Marine Lines, where heavy police force has been deployed.

"We have not permitted Yakub's family to reach the cemetery in any procession taking into account law and order situation and only those very close to the family would be taking part in his last rites," a senior police officer said.

"We have already gathered personal details of the people who would be with Yakub's family," he added. Since Yakub's father Abdul Razzak and some other family members were buried at the Marine Lines cemetery, Yakub's family has wished to perform his last rites there, another police officer said.

Alternative arrangements have also been made for burial at the Mahim cemetery, he said.

"We are monitoring and reviewing the security arrangements regularly," Mumbai Police spokesperson Dhananjay Kulkarni said.

Mumbai Police have detained nearly 405 people as a preventive measure to maintain law and order in the wake of Yakub's hanging. "All the people who are detained are on police record, who might disturb the communal harmony or create disturbance in the city," said DCP (Detection) Dhananjay Kulkarni.

Police are also keeping a close eye on any inflammatory statement by religious or political leaders and have warned of strict action against anyone violating law. The burial will take place in a Muslim cemetery after the usual last prayer 'Namaj-e-Janaja' later today.

Tight security arrangements were made in and around the Central Prison in Nagpur. Quick Response Teams were deployed and authorities also clamped section 144 of CrPC (unlawful assembly) last evening.

A large number of onlookers gathered at some distance outside the jail. Yakub was hanged till death in the 'Fansi Yard' under supervision of Jail Superintendent Yogesh Desai.

A team of doctors declared him dead after about half-and-hour of the scheduled hanging, when his body was brought down.

Chief Judicial Magistrate of Nagpur M M Deshpande was present in the Fansi Yard.

She read out the operating part of the TADA court order which awarded capital punishment to Yakub before he was made to stand on a stool and the lever pulled by the hangman.

Yakub, who was the lone convict sent to gallows in the serial blasts which claimed 257 lives across the financial capital of country in 1993, lost a series of legal battles for stay on his execution.

Also Read: Yakub Memon hanged in Nagpur jail on his 54th birthday

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Agencies
March 22,2020

New Delhi, Mar 22: The total number of novel coronavirus cases in India rose to 341 on Sunday after fresh cases were reported from various parts of the country, the Union Health Ministry said.

The total includes 41 foreign nationals and five deaths, the latest being reported from Maharashtra, taking the death toll in the state to two.

Delhi, Karnataka and Punjab have reported one death each so far. Twenty-four others have been cured/discharged/migrated.

The figure of 341 cases include 63 cases in Maharashtra, which has reported the highest number of COVID-19 cases, including three foreigners.

Kerala has reported 52 cases, including seven foreign nationals.

Delhi has reported 27 positive cases, including a foreigner, while Uttar Pradesh has recorded 25 cases, including a foreigner.

Telangana has reported 21 cases, including 11 foreigners. Rajasthan has reported 24 cases, including two foreigners.

In Haryana, there are 17 cases, which include 14 foreigners.

Karnataka has 20 coronavirus patients. Punjab and Ladakh have 13 cases each. Gujarat has 14 cases while Tamil Nadu has 6 cases, which includes 2 foreigners. Chandigarh has five cases.

Madhya Pradesh, Jammu and Kashmir, and West Bengal reported four cases each. Andhra Pradesh and Uttarakhand have reported three cases each. Odisha and Himachal Pradesh reported 2 cases each.

Puducherry and Chhattisgarh have reported one case each.

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News Network
May 7,2020

New Delhi, May 7: Food ordering and delivery platform Swiggy on Thursday said its co-founder and CTO Rahul Jaimini will move away from active role in the company during the month to pursue another entrepreneurial venture.

Jaimini will be joining Pesto Tech, a career accelerator start-up, as their co-founder, Swiggy said in a statement.

He will continue to be a shareholder and board member of Swiggy, it added.

Functions currently led by Rahul, including platform engineering, analytics, IT and labs, will be realigned to Dale Vaz, Head of Engineering and Data Science, who has been with the company for close to two years, the statement said.

"Technology was crucial to what we set out to build when we started Swiggy. Nandan (Reddy) and I could not have asked for a better partner to handle this aspect of the company," Swiggy co-founder and CEO Sriharsha Majety said.

It was Rahul's immense passion to 'build for the billions' that drove technological innovations that set Swiggy apart as we grew phenomenally over the years, he added.

"Working with technology that has large scale impact is what excites me, and I am grateful to have had the opportunity to do just this at Swiggy and grow tremendously over the years," Jaimini said.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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