India-born millionaire's arrest shakes up UK politics

February 16, 2014

Roll_RoyceLondon, Feb 16: The arrest of an India-born businessman and his son as part of a probe by the UK's Serious Fraud Office (SFO) into allegations of bribery at aerospace and defence major Rolls-Royce has shaken the corridors of power in Britain.

Multi-millionaire Sudhir Choudhrie and his son Bhanu, well-known as major political donors to Deputy Prime Minister Nick Clegg's Liberal Democrat party, were arrested and questioned for several hours on Wednesday before being bailed without conditions.

A spokesperson for the duo said they "deny all wrongdoing and are cooperating fully with the investigation". Britain's coalition partners Liberal Democrats are now under the spotlight over their close links with Mr Choudhrie, known to friends as Bunny. He has given the party over 500,000 pounds since 2010 and over one million pounds since 2004.

The entrepreneur, who moved to the UK in 2002 and is now based at a 5-million pound apartment in London's posh Chelsea neighbourhood, had been on a list of nominations from Mr Clegg's office to be a Liberal Democrat peer in the House of Lords, but his name mysteriously did not go forward in 2013.

His son Bhanu manages the family business, C&C Alpha Group, as its chief executive. The group runs hospitals and care homes across the UK among a string of other ventures, including real estate.

Personal links with the Choudhrie family are set to further embarrass the Liberal Democrats as it emerged that Mr Clegg and his wife Miriam, hosted their family charity Path to Success at Lancaster House, a UK government building, in 2011.

The Choudhries have regularly attended other events alongside Mr Clegg and other senior Liberal Democrats, including Simon Hughes, the Liberal Democrat Justice Minister, who received a 60,000-pound donation from Mr Choudhrie last year.

A Liberal Democrat spokesperson said the party was aware of the allegations but could not comment while the investigation is ongoing. The SFO is probing whether Mr Sudhir Choudhrie was an intermediary used by Rolls-Royce, two people familiar with the situation told the Financial Times newspaper.

According to some media reports, Indian authorities are believed to have recently dropped a separate investigation into Mr Choudhrie as part of a probe into deals done by Italian consortium Finmeccanica. No charges were brought against him and he strongly denied all wrongdoing.

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News Network
June 20,2020

Bhopal, Jun 20: A senior BJP MLA in Madhya Pradesh tested COVID-19 positive hours after he cast his vote for the Rajya Sabha polls in the state and attended party meetings, an official said on Saturday. The legislator's wife has also tested positive for the infection, he said.

Voting for three Rajya Sabha seats in the state took place on Friday.

The couple's test reports came on Friday night and the news of the MLA's infection triggered panic among other MLAs with some of them reaching hospitals to get themselves tested.

"The MLA and his wife were found infected with COVID- 19 in the tests conducted by a private laboratory. We are examining their condition and making a decision whether they need to be hospitalised or home quarantined," a health department official told.

He said that the MLA's contact tracing has been initiated.

"Further tests are also being conducted," he said.

He is the second legislator in Madhya Pradesh, who was tested coronavirus positive.

Earlier, a Congress MLA was found infected. He had voted for the Rajya Sabha polls on Friday after reaching the state assembly complex wearing a PPE suit.

Talking to , a member of the BJP MLA's family said that the medical team was called on Friday afternoon for the COVID-19 test after the legislator's wife complained of uneasiness.

"The MLA and his wife gave the samples to the medical team for the COVID-19 tests on Friday afternoon and they were told at night that both of them have tested positive for the infection," he said.

After the news of BJP MLA testing positive spread, a senior BJP MLA from Mandsaur, Yashpal Singh Sisodiya, reached government-run J P Hospital here along with two other party MLAs.

Talking to reporters, Sisodiya said, "I came here along with two other MLAs from our division- Dilip Makwana (Ratlam Rural) and Devilal Dhakad (Garoth)- after we came to know through media and social media that one of the MLAs from our division has tested positive for COVID-19."

"We don't have any symptoms, but came to test for COVID-19 as a precautionary measure," he said.

Dhakad said that he came for testing as he had dined with the MLA two days back.

Talking to , Madhya Pradesh State Assembly's Principal Secretary A P Singh said that all the precautionary measures were taken during the Rajya Sabha polling.

"All employees were in safety gears during the Rajya Sabha election process. The assembly campus was being sanitised every 15-20 minutes during the polling process...We are now going through the CCTV footage to trace those who had come in his contact," he said.

Congress MLA and former minister P C Sharma said that those who came in contact with the BJP legislator should be traced and quarantined.

"The employees and MLAs who came in contact with him during the voting process should be tested," Sharma said.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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News Network
June 22,2020

New Delhi, Jun 22: Defence Minister Rajnath Singh on Monday left for a three-day visit to Russia. Singh is likely to discuss the India-Russia defence and strategic partnership during the visit and also attend a military parade in Moscow to mark the 75th anniversary of the Soviet victory over Nazi Germany in the Second World War.

The visit comes days after the violent face-off with China in which 20 Indian Armymen were killed in Galwan valley in Ladakh.

"Leaving for Moscow on a three day visit. The visit to Russia will give me an opportunity to hold talks on ways to further deepen the India-Russia defence and strategic partnership. I shall also be attending the 75th Victory Day Parade in Moscow," the Defence Minister tweeted.

Defence Secretary Ajay Kumar is also accompanying the minister.

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