Now, part II of script will unfold

February 15, 2014

Kejriwal_resignedNew Delhi, Feb 15: Delhi Chief Minister Arvind Kejriwal’s resignation, with all the sound and fury, would have been surprising if it did not happen. When, in December 2013, the Aam Aadmi Party formed a government in Delhi, it had a single objective in mind — to pass the Jan Lokpal Bill failing which to bow out of office as a martyr punished for taking on the corrupt. The script has played out almost perfectly.

Mr. Kejriwal was bound by his own past to make the passage of the Bill non-negotiable. Indeed, the anti-corruption law defines the AAP, it is the reason why the party was able to make the impossible transition from a political greenhorn to a party in power.

The Jan Lokpal Bill was the centrepiece of the 2011-2012 Anna Hazare movement. To those who thronged the fast venues of Anna, the specific clauses in the legislation — which many experts saw as draconian with the Lokpal himself potentially turning into a Frankenstein’s monster — were of no concern. As Mr. Kejriwal said in a 2011 interview: “See, people did not understand the details of the JLB. They simply saw it as a dawai [medicine] for corruption.”

The larger symbolism of the Jan Lokpal Bill is why Mr. Kejriwal took on the might of the Centre and Delhi’s Lieutenant-Governor on the constitutional validity of its introduction and passage in the Assembly. There was always going to be two views on this given that the Congress was in the saddle at the Centre, and a different version of the Lokpal Bill had recently been passed by Parliament. The Congress could obviously not support the AAP government’s Jan Lokpal Bill and the Lokpal Bill passed by Parliament for which credit was given to Rahul Gandhi.

In the event, the Jan Lokpal Bill got blocked right at the stage of introduction with the Union Home Ministry insisting upon prior permission from the Lt. Governor. Mr. Kejriwal contested this furiously: He quoted experts who made the opposite case, he petitioned the Lt. Governor and argued that if the Delhi government was not going to be allowed to pass even a Bill, it made no sense for it to exist. With the Congress and the Bharatiya Janata Party teaming up to vote against the Bill’s introduction, the State government’s fate was sealed.

Whichever way the Bill went, Mr. Kejriwal was certain to have claimed it as his victory. Indeed, when initially it seemed as if the Delhi government had managed to introduce the Bill, there were jubilant shouts of “victory” from the crowds of AAP volunteers gathered outside the Assembly.

Mr. Kejriwal’s exit line predictably skewered the Congress and the BJP. “The two corrupt parties have got together to defeat me because they were scared I was going after Mukesh Ambani. They could not afford for me to expose the nexus.”

High on drama

The AAP government’s short life was high on drama; in less than two months it courted more controversy than governments would in a year. Mr. Kejriwal and his Ministers probably overdid the histrionics. And yet, few would dispute that on corruption, the AAP went where none dared to go. The FIR against Mr. Ambani — and the deafening silence of the other parties l’affaire K-G Basin — says as much.

Part II of the script will see the AAP take the message to the country as a whole — and set itself as the gold standard for probity and honesty.

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News Nerwork
June 7,2020

New Delhi, Jun 7: Rain lashed some parts of the Delhi-NCR on Sunday morning.

The India Meteorological Department (IMD) has predicted partly cloudy sky with possibility of development of thunder lightning for three days from June 10 onwards with minimum and maximum temperature will hover around 29° Celcius and 42° Celcius respectively.

Strong surface winds during day time have been predicted for today by IMD.

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Agencies
May 28,2020

Several India-based firms are spoofing the World Health Organisation (WHO) by creating fake Gmail accounts and luring business leaders in disguise of informing them of latest COVID-19 announcements and hack their personal and financial information, Google has warned.

These "hack-for-hire" firms, many based in India, have been creating Gmail accounts spoofing the WHO, largely targeting business leaders in financial services, consulting, and healthcare corporations within numerous countries including, the US, Slovenia, Canada, India, Bahrain, Cyprus, and the UK.

"The lures themselves encourage individuals to sign up for direct notifications from the WHO to stay informed of COVID-19 related announcements, and link to attacker-hosted websites that bear a strong resemblance to the official WHO website," security researchers from Google's Threat Analysis Group said on Wednesday.

The sites typically feature fake login pages that prompt potential victims to give up their Google account credentials, and occasionally encourage individuals to give up other personal information, such as their phone numbers.

On any given day, Google's Threat Analysis Group (TAG) said it is tracking more than 270 targeted or government-backed attacker groups from more than 50 countries.

Last month, it sent 1,755 warnings to users whose accounts were targets of government-backed attackers.

"Our team of analysts and security experts is focused on identifying and stopping issues like phishing campaigns, zero-day vulnerabilities and hacking against Google, our products and our users," said the tech giant.

Google continues to see attacks from groups like Charming Kitten on medical and healthcare professionals, including WHO employees.

"We're seeing a resurgence in COVID-related hacking and phishing attempts from numerous commercial and government-backed attackers," said the company.

Government-backed or state-sponsored groups have different goals in carrying out their attacks: Some are looking to collect intelligence or steal intellectual property; others are targeting dissidents or activists, or attempting to engage in coordinated influence operations and disinformation campaigns.

Google said that since March, it has removed more than 1,000 YouTube channels that were part of a large campaign and behaving in a coordinated manner.

"These channels were mostly uploading spammy, non-political content, but a small subset posted primarily Chinese-language political content similar to the findings of a recent Graphika report," said the company.

Several cybersecurity firms have seen a spike in COVID-19 related scams and hacking attempts. Hackers are also creating scam sites similar to COVID-19 relief packages.

Researchers at Check Point Software Technologies revealed in mid-May that they have seen 192,000 coronavirus-related cyber-attacks per week over the past three weeks, a 30 % increase compared to previous weeks.

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News Network
March 16,2020

Mar 16: An investigation into Coffee Day Enterprises Ltd., initiated by its board after the death of founder V.G. Siddhartha, is likely to conclude that at least Rs 2,000 crore is missing from its accounts, according to people familiar with the matter.

The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest coffee chain and its dealings with dozens of private companies owned by the entrepreneur. The draft report, running more than a hundred pages, points to thousands of rupees that have gone missing, said the people, asking not to be named because the details aren’t public. It also details hundreds of transactions between the founder’s listed and personal businesses that were not conducted at arm’s length, they said.

Though the report is in its final stages, the precise details could change before its release, expected as early as this week, the people said. The missing funds could total more than Rs 2500 crore, one person said.

“The investigation report is still a work in progress, and not finalized,” a spokesman for the company said. “The board of directors and the company are unaware of its content at this point of time. Hence it would be premature to speculate on the investigation findings.”

The priority for management and Siddhartha’s family “is to keep the business running in a challenging environment and meet all stakeholder commitments, including 30,000 jobs associated with the group,” the spokesman added.

The disappearance of the 59-year-old founder last year stunned India’s business community. He had last been seen telling his driver he was going for an evening walk along a bridge in southern India; his body was found by local fishermen two days later. A letter delivered to Coffee Day’s board and employees, which appeared to be signed by Siddhartha, described massive debts and complained of pressure from lenders and tax authorities. It claimed he bore sole responsibility for the company’s financial transactions.

The probe began about a month later when the company brought in Ashok Kumar Malhotra, a retired senior official from India’s federal enforcement agency, to investigate. A senior lawyer practicing in India’s top court is assisting, the company said in a regulatory filing at the time.

The publicly traded Coffee Day was supposed to be India’s answer to Starbucks Corp. More than 1,500 of its Café Coffee Day outlets blanketed cities and highways, with affordable options for the country’s aspiring middle classes. The chain’s tagline: “A lot can happen over coffee.”

But the empire has been battered since the founder’s death. Its shares plummeted about 90% and its market value dropped to about $80 million. Trading was suspended in February.

India’s regulators are tracking the situation and may use the company’s final report as part of a deeper dive into its internal affairs, the people said. Coffee Day showed about Rs 2400 crore in cash and cash equivalents on its balance sheet as of March 2019, the most recent figures the company has issued.

After the death of Siddhartha however, the company faced a severe liquidity crunch and had “zero cash in the bank,” according to one of the people. It struggled with day-to-day expenses and paying salaries has been a strain, the person said.

The draft report details personal guarantees by Siddhartha for loans taken by Coffee Day, and his unsecured loans at high interest rates from local money lenders, the people said. It also probes Coffee Day’s defaults to coffee growers and other vendors, they said.

A related issue is that coffee estates owned by Siddhartha and several employees had been used as collateral for bank loans. The report found that valuations for properties were inflated to get the loans, one person said.

Investigators have examined several theories about what happened to the company’s money, including whether Coffee Day was manipulating its finances to show cash and profit and whether Siddhartha was taking cash out of the listed company to pay off a large investor to whom he had guaranteed a return, the person said. From the filings of his listed and private companies, the entrepreneur’s loans had totaled more than Rs 10,000 crore, and he had been squeezed by borrowing to repay interest on earlier loans, the person said.

In the letter purportedly from Siddhartha, the entrepreneur said he had tried his best but failed as an entrepreneur. “I am solely responsible for all mistakes,” the letter read. “Every financial transaction is my responsibility. My team, auditors and senior management are totally unaware of all my transactions. The law should hold me and only me accountable, as I have withheld this information from everybody including my family.”

As the report nears release, Coffee Day is finalizing a deal with Blackstone Group Inc. for real estate assets. A large tranche of the payment is due in about a week, one person said.

Coffee Day said it is working to reduce its debt load by divesting non-core enterprises.

“The aim is to save employment and preserve this iconic Indian brand,” the spokesman said.

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