Jaitley: Bofors, a serious reflection of probe agencies

April 27, 2012

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New Delhi, April 27: Leader of Opposition in the Rajya Sabha Arun Jaitley on Thursday said that the fact that culprits could not be brought to book in the Bofors gun deal was a serious reflection on the health of the investigating agencies.

“Somebody swung the deal, somebody got kickbacks. Money was traced, accounts were traced, you don't need further evidence and the man was allowed to leave the country. How was the man [Italian businessman Ottavio Quattrocchi] so powerful that the Indian State looks helpless?” he said.

‘Pakistan better'

In his Zero Hour intervention following two adjournments during the Question Hour, Mr. Jaitley questioned the helplessness of the investigating agencies and said: “See what is happening in our neighbouring country [Pakistan] in pursuit of truth and how helpless we look.”

He emphasised that middlemen must be eliminated and probity ensured in public life.

Communist Party of India (Marxist) leader Sitaram Yechury said the Bofors issue that had “plagued” the country for 25 years was a “serious matter.” “If there is anything new, it must be investigated and government must make it public,” he said.

As several leader members sought permission to intervene, presiding officer P.J. Kurien disallowed them saying it was not a debate.

Samajwadi Party leader Mohan Singh said this was an important matter and the economic offender must be extradited and punished.

As Mani Shankar Aiyar rose to speak on behalf of the Treasury Benches, Opposition members questioned why he was being allowed when only leaders of parties in the House had been permitted to raise the matter. Naresh Agrawal (SP) said this amounted to partiality and demanded that everybody be given the opportunity to speak.

Noting that Mr. Jaitley had bemoaned the fact that unsuccessful efforts were being made to unearth the truth, Mr. Aiyar said: “We could not unearth the truth because of distortions and historic inaccuracies.”

Mr. Aiyar pointed out that no progress was made in the case from December 1989 to November 1990 (during V.P. Singh government as well as the National Democratic Alliance rule later). Mr. Jaitley intervened to counter this.

Though Mr. Jaitley had not named anyone, Mr. Aiyar said he had made serious allegations that needed to be replied to. On being asked by Bharatiya Janata Party members to name the individual, Mr. Aiyar said he had no problem in saying that Bofors incident took place during the period when Rajiv Gandhi was the Prime Minister.

This was followed by heated exchanges between the treasury and Opposition members, including the All India Anna Dravida Munnetra Kazhagam.

Nothing could be heard in the din and after several minutes of persuading Mr Aiyar to stay brief in his observations, Mr. Kurien adjourned the House.

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News Network
March 10,2020

New Delhi, Mar 10: Minutes after Jyotiraditya Scindia submitted his resignation to the party membership to Congress chief Sonia Gandhi, the Congress expelled him for anti-party activities after reports emerged that he had met PM Modi and Amit Shah.

Disgruntled Congress leader Jyotiraditya Scindia met Prime Minister Narendra Modi on Tuesday amid indications that he might join hands with the BJP to topple the Madhya Pradesh government.

Sources said Scindia first met Union Home Minister Amit Shah, and then the two leaders met Modi at the prime minister's residence.

Legislators loyal to Scindia, who has been upset with the Congress leadership with his marginalisation in the affairs of the Madhya Pradesh Congress, are likely to quit the party to reduce the Kamal Nath-led government to a minority.

It is likely to be followed by the Bharatiya Janata Party staking claim to form the government in the state.

The Congress President has approved the expulsion of Jyotiraditya Scindia from the Indian National Congress with immediate effect for "anti-party activities," said KC Venugopal, General Secretary Congress.

No person is, nor will be greater than the party: Congress youth wing chief

Indian Youth Congress (IYC) chief Srinivas B V on Tuesday slammed Jyotiraditya Scindia, who has announced his resignation from the primary membership of the Congress, and thanked party chief Sonia Gandhi for expelling the former Guna MP "who was promoting anti-party activities and factionalism".

"The history of 1857 and 1967 was once again repeated," Srinivas B V said, referring to the 1857 Revolt against East India Company and the role of the Scindia royals back then as well as Vijayaraje Scindia's switch from the Congress to the Jana Sangh in 1967.

"I would like to thank Congress president Sonia Gandhiji for taking the strong steps to expel the leader who was promoting anti-party activities and factionalism," the IYC chief said.

"No person is, nor will be greater than the party," he added.

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June 5,2020

New Delhi, Jun 5: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala.

On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

It surged 2.41 per cent to its one-year high of Rs 1,618 on NSE.

Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt.

"Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company.

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News Network
March 23,2020

New Delhi, Mar 23: The total number of novel coronavirus cases in India rose to 415 on Monday including seven deaths.

"A total of 18,383 samples from 17,493 individuals have been tested for SARS-CoV2 as on March 23 at 10 am IST. A total of 415 individuals have been confirmed positive among suspected cases and contacts of known positive cases," ICMR said in a release.

According to the data released by the Ministry of Health and Family Welfare, Maharashtra is the worst affected state with 67 confirmed cases, including 64 Indian nationals.

Kerala also has 67 confirmed cases with 60 Indian nationals.

Next on the list with most coronavirus-affected patients is Delhi with 29 confirmed cases.

Uttar Pradesh and Rajasthan have 28 and 27 confirmed cases respectively. Telangana and Karnataka have reported 26 cases each. In Punjab, the number of COVID-19 affected patients stands at 21.

A total of 24 patients have been cured and discharged.

The Centre on Monday asked state governments to strictly enforce the lockdown imposed to prevent the spread of coronavirus and directed legal action against violators.

"States have been asked to strictly enforce the lockdown in the areas where it has been announced. Legal action will be taken against violators," a tweet by Principal Director General of PIB, KS Dhatwalia read.

A 'Janata curfew' was observed yesterday to contain the spread of the novel coronavirus pandemic, which has claimed and over 13,000 lives worldwide.

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