INX-Media case: Court sends Chidambaram to Tihar jail

Agencies
September 5, 2019

New Delhi, Sept 5: Veteran Congress leader and former finance minister P Chidambaram was sent to Tihar jail Thursday by a Delhi court where he will spend 14 days in judicial custody in connection with the INX Media corruption case.

Special Judge Ajay Kumar Kuhar sent him to judicial custody till September 19.

"The allegations against the accused were found serious therefore he was remanded to police custody. The investigation is still in progress," the judge said.

"CBI has apprehension that because of his status and his position, the investigation may be hampered by the accused. It's not a case where the accused can be 'released' at the stage of considering his extension of his remand as submitted by the counsel for accused.

"Having considered all facts and circumstances of the case, the nature of offences, stage of investigation, the accused is remanded to judicial custody," he said.

The court allowed him to carry his spectacles, prescribed medicines and providing him with western toilet facility. It also directed that he be kept in a separate cell in Tihar prison as he was a protectee under Z-security.

Solicitor General Tushar Mehta assured that there will be adequate security for Chidambaram in the jail.

The court also issued notice to the Enforcement Directorate on Chidambaram's plea seeking to surrender in the money laundering case lodged by the agency in which the Supreme Court Thursday dismissed his plea against the August 20 order of the Delhi High Court denying him pre-arrest bail.

Chidambaram, 73, was produced before a Delhi court on Thursday after the expiry of his 2-day CBI custody in the case.

His 15-day CBI custody, ordered by the special court in five spells, which started after his arrest on August 21 night, ends today.

His counsel opposed the CBI plea for judicial custody, which will take him to Tihar jail, and said that the veteran Congress leader was ready to go into the ED custody for interrogation in the money laundering case arising out of the scam in which the apex court Thursday refused to grant him pre-arrest bail.

Chidambaram was brought to the special court hours after he withdrew his petition challenging the non-bailable warrant issued against him following which he was sent to the CBI custody.

He was produced before Special Judge Ajay Kumar Kuhar, who had on Tuesday sent him to the CBI custody till today after taking note of the Supreme Court's order which had said that Chidambaram would be in the CBI custody till September 5.

The apex court Thursday also decided on his appeal against the Delhi High Court's August 20 order in the money laundering case lodged by ED and rejected his challenge to denial of anticipatory bail.

Hours after the apex court order, another special court granted Chidambaram and his son Karti anticipatory bail in the Aircel Maxis cases.

In the INX matter, the Solicitor General is appearing for the CBI while senior advocate Kapil Sibal is representing Chidambaram.

The CBI had registered an FIR on May 15, 2017, alleging irregularities in the Foreign Investment Promotion Board (FIPB) clearance granted to the INX Media group for receiving overseas funds of Rs 305 crore in 2007 during Chidambaram's tenure as the finance minister.

Thereafter, the Enforcement Directorate lodged a money laundering case in this regard in 2017.

Chidambaram, who was Union home minister as also finance minister during the UPA rule from 2004 to 2014, was arrested by the CBI on August 21 from his Jor Bagh residence.

During the proceedings, Mehta informed the judge about the outcome of the Supreme Court's order in the ED case and also about the withdrawal of his petitions in the CBI case.

CBI told the court that Chidambaram can be sent to judicial custody as he was a powerful public person and should not be set free.

Sibal opposed the CBI saying there was no allegation that Chidambaram tried to influence or hamper probe.

He further said that Chidambaram was ready to go to the ED custody in money laundering case related to INX Media in which the apex court Thursday dismissed his plea challenging the High Court's August 20 order.

Sibal said Chidambaram will surrender and ED will take him into custody.

"Why should I (Chidambaram) be sent to jail (Tihar)?" he said and pressed that ED should take him to its custody.

"There is nothing found against me. There is no charge sheet. They say I am a powerful and influential. But they have no evidence. There is no evidence of tampering with evidence. Has a witness said anything like that?" Sibal argued.

Mehta objected to Sibal's submission saying he is arguing for bail.

However, Sibal said, "The reasons given in the application for judicial custody are non-existent. What do you need me for in judicial custody."

When the Solicitor General sought a clarification as to for what relief Sibal is arguing the latter said, "I (Chidambaram) am arguing for my release."

Mehta said the apex court has accepted his arguments in the money laundering case lodged by the ED and there is a strong chance of tampering with evidence and witnesses and response is awaited on the Letters Rogatory sent to various countries.

He alleged that Chidambaram was influencing the banks in foreign countries and he was non-cooperative in the investigation and the banks may not cooperate if he influences them.

"This is a case of serious economic offence affecting economy of the country," he said, adding that Chidambaram is influential and has pervasive control over things and may influence witnesses.

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News Network
April 24,2020

New Delhi, Apr 24: The trajectory of COVID-19 cases could have plateaued and might even fall for some weeks after the lockdown is lifted but India is likely to see a second wave in late July or August with a surge in the number of cases during the monsoon, say scientists.

The timing of the peak will depend on how India is able to control physical distancing and on the level of infection spreads after restrictions are relaxed, they said.

It looks apparent that the trajectory of daily new cases has reached a plateau and eventually it will take a downward fall, maybe for some weeks or even months, Samit Bhattacharya, associate professor at the Department of Mathematics, Shiv Nadar University, said.

Still, we may get a surge of new cases of the same coronavirus and this will be considered a second wave, Bhattacharya explained.

The second epidemic may come back in late July or August in the monsoon, although the peak timing will depend on how we control social distancing during that time, he said.

Rajesh Sundaresan, professor at Bengaluru's Indian Institute of Science (IISc), agreed.

“Once we return to normal activity levels, there is a chance that infection may begin to rise again. China is seeing this to some extent post easing of some restrictions on travel,” Sundaresan, corresponding author of a working paper by researchers at IISc and the Tata Institute of Fundamental Research (TIFR) in Mumbai, said.

On March 25, when the number of coronavirus cases was 618 with 13 deaths, the government announced a nationwide lockdown that was later extended to May 3.

On Friday, the death toll due to COVID-19 rose to 718 and the number of cases to 23,077, according to the Union Health Ministry.

In good news, officials said this week that the doubling rate of cases has slowed down in the period, going from 3.4 days before lockdown to 7.5 days, with 18 states doing better than the national average. The recovery rate has also almost doubled in the last 10 days.

"Looking at the new cases in the past few days, it seems the growth of new daily infection is much slower than earlier. This apparently indicates that we might have reached at the plateau of the growth curve, Bhattacharya said.

He noted that recent studies in China and Europe observed that the infection might relapse in those people who have already recovered from earlier phases.

So, there is no evidence that the earlier infection may help acquire immunity against the second infection. And in that way, the entire population may be vulnerable to the second wave to some extent, said the scientist.

In their study unveiled this week, IISc and TIFR researchers analysed the impact of strategies such as case isolation, home quarantine, social distancing and various post-lockdown restrictions on COVID-19 that might remain in force for some time.

The study modelled on Bengaluru and Mumbai suggests the infection is likely to have a second wave and the public health threat will remain, unless steps are taken to aggressively trace, localise, isolate the cases, and prevent influx of new infections.

The new levels and the peaking times for healthcare demand depend on the levels of infection spreads in each city at the time of relaxation of restrictions, they said.

The lockdown is currently upon us. It has given us valuable time. Let us test, trace, quarantine, isolate, practice better hygiene, search for a vaccine, etc. We should do these anyway, and these are being done. When and how to lift the lockdown is going to be a difficult decision to make, said Sundaresan.

It's clear that it's going to be phased. What our team is focusing on is to come up with tools to help the decision makers assess the public health impact of various choices, he said.

According to the experts, infectious diseases spread via contact between infectious and susceptible people. In the absence of any control measures, an outbreak will grow as long as the average number of people infected by each infectious person is more than one.

Once enough people are immune there will be fewer people susceptible to the infection and the outbreak will die.

However, when an outbreak is brought under control by social distancing and other interventions, it is possible only a small proportion of the population will have been infected and gained immunity, they said.

This means enough susceptible people may remain to fuel a second wave if controls are relaxed and infection is reintroduced.

Until the vaccine comes on the market, we have to remain alert Once sporadic cases occur here and there in the country, we immediately need to implement quarantine or social distancing locally for the people in that region, and also need to perform tests to identify positive cases irrespective of showing symptoms, Bhattacharya explained.

Note that these monsoon months are also flu season in many places of India. So, we should not ignore the early signs of the flu symptoms. Irrespective of symptoms, we need to increase tests in the hotspots to identify people and contain the surge, he said.

Sundaresan added that the timeline for a second wave will depend on a lot of circumstances which may change as the time passes.

Significant testing may have been underway, there may be behavioural changes with people becoming more careful about their hygiene, wearing masks may become more common, etc. All these responses may help restrict the second wave, he said.

A study published in The Lancet journal earlier this month modelled the potential adverse consequences of premature relaxation of interventions, and found it might lead to a second wave of infections.

The finding is critical to governments globally, because it warns against premature relaxation of strict interventions, the researchers said.

While interventions to control the spread of SARS-CoV-2 are in place, countries will need to work toward returning to normalcy; thus, knowledge of the effect of each intervention is urgently required, they said in the study.

According to a recent analysis by the Harvard Chan School of Public Health, the best strategy to ease the critical care burden and loss of life from COVID-19 might be on-again, off-again social distancing.

In the absence of such interventions, surveillance and intermittent distancing may need to be maintained into 2022, which would present a substantial social and economic burden, the researchers wrote.p

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Agencies
June 16,2020

Mumbai, Jun 16: Saudi Arabia’s sovereign wealth fund, PIF, is all set to pick up a stake in Jio Platforms, which would complete 25% of Jio’s equity dilution to the investors, said a report by the Gulf News.

Jio Platforms is part of the Reliance Industries empire owned by Mukesh Ambani. The Public Investment Fund (PIF) will acquire 2.33% for an estimated $1.5 billion, the report said.

So far, Jio Platforms has raised investment from 10 different global investors in seven weeks, the latest being TPG Capital buying 0.93% equity for Rs 4,547 crore and private equity firm L Catterton picking up a 0.39% stake for Rs 1894.50 crore.

Jio Platforms has raised a total of Rs 1.04 lakh crore so far from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton since April 22.

With PIF coming on board, Jio Platforms would have diluted 25% of its equity. That's the maximum they intend to dilute to financial investors, which includes Mark Zukerberg's Facebook.

Any new investors coming on board in future will have to be "strategic investors, a tech giant, for instance," said a source who was part of the deal-making process, the report said.

In recent days, Jio Platforms, which will merge telecom, content streaming, gaming and ecommerce features into its app, has seen Abu Dhabi's Mubadala and ADIA pick up significant stakes amounting to $1.2 billion and $750 million, respectively.

Reliance Industries' owner, Ambani, Asia's richest man, has been on an investor acquisition spree, with the likes of Facebook and private equity majors such as KKR and Silver Lake Capital investing in Jio Platforms.

The contours of the deal with Saudi Arabia's PIF was finalised during Ramadan. "It was always Mukesh Ambani's wish to have a special relationship with Saudi Arabia and the UAE," said Anshuman Mishra, a London-based confidante and family friend of the Ambani family of longstanding, Gulf News quoted as saying.

He has also worked extensively with Gulf sovereign wealth funds over the years.

"Saudi Arabia's coming in to close the financial investor round in Jio is indicative of the special nature of the relationship. This is also indicative of the multi-billion-dollar partnership announced last year with Saudi Aramco.

"This is a major success for the present Indian government's foreign policy initiative in the gulf and symbolic of India's significance in the GCC," it said.

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News Network
March 9,2020

New Delhi, Mar 9: The Delhi Police Special Cell on Monday arrested a PFI member Danish from UP''s Moradabad for allegedly spreading fake propaganda during anti- CAA protests.

"Danish was the head of the Counter Intelligence Wing of PFI and has been actively participating in the anti-CAA protest across the city," sources in the Delhi Police Special Cell said.

Sources further claimed that his arrest has given clues regarding the Information war by the Popular Front of India (PFI).

The FIR related to the protest was filed by the Crime Branch but since the larger conspiracy regarding the Delhi riots is being probed by the Cell, the matter has been transferred to them.

Delhi Police Special Cell had on Sunday arrested a Kashmiri couple from Okhla for alleged links with Islamic State (IS) Khorasan module.

The couple have been identified as Jahanjeb Sami (husband) and Hinda Bashir Beg (wife). The police have seized some objectionable material from them and were interrogating them.

When asked about the couple, the sources said, "Officers of CERT-In are analysing the Eight Mobile phones and Laptop of the couple to question them further."

The couple being an active member of ISJ&K was operating from the Valley but later shifted their base to Delhi post internet clampdown.

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