Mumbai gang-rape case: One held, manhunt on to nab four others

August 23, 2013

Mumbai, Aug 23: Acting swiftly, Mumbai Police on Friday cracked the gang-rape case of a young photojournalist, arresting one of the accused within 24 hours of the incident and identifying four others, including two criminals, for whom a massive manhunt has been launched.

"We have arrested one of the accused who has named the others involved in the incident. The accused has also confessed to the crime," Mumbai Police commissioner Satyapal Singh told reporters.

An earlier report attributed to the police had said two accused had been arrested. Senior Congress leader Murli Deora said five suspects have been arrested. "This case has been cracked. Five persons have been arrested and are in the lock-up," he had earlier told reporters.

Singh said more than 20 teams, including 10 from the crime branch, have been pressed into service to track down the perpetrators.

The city police chief declined to divulge the identities of the accused lest the probe in the "extremely sensitive" case gets compromised but said two of them were history sheeters with property offences registered against them.

A top police officer, however, identified the arrested accused as Mohammed Abdul alias Chand, while he named others as Vijay Jadhav, Qasim Bengali, Saleem and Ashfaq.

Asked about the condition of the victim, 23, an intern with an English magazine, he said she was "composed and stable".

The victim has been admitted to Jaslok Hospital. Preliminary reports suggested that she sustained multiple internal injuries.

A statement from the hospital said, "The patient is with us after the unfortunate incident since last night. As of now, she is stable and Jaslok Hospital is doing its best."

Tarang Gianchandani, acting CEO and director - medical services of the hospital, said, "We are doing the needful ... she is under strict observation."

Singh said a forensic team has also been pressed into service.

He said the police are trying to gather "clinching evidence" to ensure that the culprits get maximum punishment for the "shocking crime".

The government, he said, would be requested for the case to be tried by a fast track court.

"The incident happened between 6pm and 6.30pm when the girl and her colleague had gone to the deserted Shakti Mills compound for a photoshoot," said Singh.

The city top cop said the accused are in the age group of 20 to 22 years and are said to be residing in the nearby localities.

Singh said the quick arrest of one of the accused was facilitated by the statement of the victim's colleague, who was present at the scene of the crime.

The "near perfect" sketches of the perpetrators were prepared on the basis of his statement that helped nab one of them, he said.

Giving details, the city police chief said the incident occurred around 6pm on Thursday when the victim and her colleague had gone to the desolate Shakti Mills compound for taking photos.

The accused approached them and one of them told the victim's friend that he was responsible for a murder that had taken place in the area a few days ago.

When the victim's colleague said he had visited the place for the first time, the accused phoned an accomplice, who too arrived soon and said he also suspected that the photojournalist's colleague was the man who had committed the murder.

In a chilling reminder of the December gang-rape in Delhi, the men tied up the victim's friend and raped the woman after taking her to a nearby thicket on the pretext of "examining" her about the murder.

A 23-year-old paramedical student was brutally gang-raped by six men inside a moving bus in Delhi on December 16, last year. The victim died in a Singapore Hospital on December 29.

Singh said then the five men took turns to commit the heinous crime.

He said the girl was admitted to hospital around 8pm and police came to know about the incident around 8.30pm.

Singh said police would soon issue necessary instructions to owners of deserted compounds to put up warnings against trespassers.

In Delhi, home minister Sushilkumar Shinde said he had spoken to the Mumbai Police commissioner over the case.

The incident triggered strong reactions from opposition parties and they demanded the resignation of Maharashtra home minister RR Patil.

"If you can't improve the law and order situation in Mumbai, you must resign," BJP state unit president Devendra Fadnavis said.

MNS chief Raj Thackeray also gunned for Patil and alleged that the NCP leader had proved to be a "complete failure" as home minister.

Patil, who visited the Jaslok Hospital to inquire about the condition of the victim, expressed confidence that other perpetrators would also be nabbed soon.

"We have taken the incident very seriously. No one will be allowed to spoil the law and order situation," he said.

Chief minister Prithviraj Chavan told reporters in Aurangabad that it was not proper for opposition parties to demand Patil's resignation.

Earlier report:

Police release sketches of 5 accused in scribe gangrape case

Sketches_of_5

Mumbai, Aug 23: Mumbai Police today released sketches of five accused in the shocking gangrape case of a 23-year-old photojournalist here and picked up about 20 people for questioning besides fanning out teams across the city to track the culprits.

A day after the photojournalist, who was working as an intern with an English magazine was gangraped allegedly by five men, a special squad has been formed by the local police as well as by the Crime Branch to probe the case.

"We have taken the case very seriously and are working on it on a war-footing. We have activated all our informers and at the same time released sketches of the five accused. We hope to catch the accused soon," said a police official.

The sketches have been prepared on the basis of the description provided by the victim's male colleague, who was tied up by the accused before they sexually assaulted the woman.

The woman was allegedly gangraped by five men at around 8 PM yesterday near Shakti Mills in Lower Parel area of the metropolis.

The victim was on an assignment, doing a story on 'chawl' when the offence took place, police said.

In a chilling reminder of the December gangrape in Delhi, the men tied up the victim's friend and raped the woman.

The accused were apparently in 24 to 30 years age group.

Police are likely to parade about 20 suspects, who have been picked up in connection with the case, before the male colleague of the victim for identification, sources said.

Earlier, police said they have picked up about 20 people for questioning but obtained no leads in the case so far.

In a statement given to police, the girl said the five goons were present in the Shakti Mills compound. They started making lewd remarks and harassed her. When her friend intervened, two of them assaulted him. Three others took her inside the dilapidated structure and raped her.

The victim has been admitted to Jaslok Hospital. Preliminary reports suggested that she sustained multiple internal injuries, they said.

Dr Taran Gyanchandani, acting CEO of the hospital, said, "We are doing the needful...she is under strict observation."

A gangrape case has been registered in N M Joshi Marg police station.

The statement of the victim's friend has been recorded, police said.

They claimed the victim has identified two of the accused by their names. She told police that two of them were calling each other as Rupesh and Sajid, they said, adding that some drug addicts have been picked up from the area for questioning.

Maharashtra Home Minister R R Patil had visited the victim at Jaslok hospital.

"This is a very serious matter. We have taken note of it. The accused will be arrested soon," Patil told reporters outside the hospital.

He said Mumbai Police Commissioner Satyapal Singh has been directed to ensure that the culprits are arrested soon.

Jaslok Hospital, where the victim is admitted, said in a statement that "The patient is with us after the unfortunate incident since last night. As of now, she is stable and Jaslok Hospital is doing its best."

"With regards to patient confidentiality, we cannot give you any further information," Dr

Tarang Gianchandani, acting CEO and director - medical services, Jaslok Hospital, said.

Meanwhile, all journalist organisations in Mumbai have decided to hold a silent protest against the deteriorating law and order situation in Maharashtra state and the city, a Mumbai Press Club statement said here.

The journalist organisations will also meet state Home Minister R R Patil and Chief Minister Prithviraj Chavan to press for early action in the case, the statement said.

Earlier report:
Photojournalist gangraped in Mumbai, police detain 20 suspects

GangrapedMumbai, Aug 23: Out on an assignment, a young photojournalist was allegedly gang-raped by five men who badly beat up and tied up her male colleague in a deserted south Mumbai factory on Thursday evening in a chilling reminder of the Delhi gang-rape that shook the nation.

Mumbai police commissioner Satyapal Singh said seven to eight men had been rounded up.

However, according to TV reports, police have detained about 20 people suspected of the crime; several others are alos being questioned. They also hope to crack the case soon as they have 'good leads' on the suspects.

The victim and her friend were taken to the local Jaslok hospital, where her condition was said to be stable. Hospital authorities said she was initially in a state of shock.

The woman, who is in her early 20s, had gone to the Shakti Mill compound in Worli with her colleague for a feature on old buildings that her publication was planning to run.

Her statement was being recorded after which a case would be registered, joint commissioner of police (law and order) Sadanand Date said. “We have formed teams comprising local police and crime branch to investigate the matter,” he said.

Soon after 7pm the girl, accompanied by a male colleague arrived at the spot, which is not very far from the busy Mahalaxmi railway station but is rather deserted, five young men accosted them. They assaulted the man, tied him up and then took turns to rape the woman.

The journalists’ cries for help went unheard as no one was around. The crime reportedly took place at around 8pm at the back of the mill compound, where they had arrived by walking along the railway track.

The Worli-Lower Parel belt in Mumbai has several deserted mills, some of which have been developed into commercial establishments.

According to unconfirmed reports, the men tricked the journalists into accompanying them into the mill, away from the railway track, by promising to get them permission to click photographs.

When compared with Delhi, Mumbai is considered a safer city for women. But lately, India’s financial capital has been gaining notoriety as far as crime against women is concerned. On Sunday, an American woman was robbed on a local train.

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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 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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News Network
April 5,2020

Thiruvananthapuram, Apr 5: Eight more COVID-19 positive cases were reported from Kerala on Sunday, four among whom attended the Tablighi Jamat congregation in Delhi and six people were cured, Health Minister K K Shailaja said.

With this, the total number of affected people under treatment in the state has gone up to 256, she said.

"Out of the eight cases, five are from Kozhikode, and one each from Pathanamthitta, Kannur and Kasaragod districts.

In the case of Kozhikode, four out of the five returned from Nizammuddin meet and one from Dubai.

As of date, 10 people who had returned from Nizammuddin in Delhi have been tested positive," the minister said in a release

A total of 314 cases have been reported from Kerala so far and 56 people have been cured, she said

"We have sent 10,221 samples for testing," she said.

A total of 1.58 lakh people are under observation in the state, out of which 776 are in isolation wards in hospitals.

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