Robert Vadra to face CBI heat as probe to begin in Bikaner land deals case

Agencies
August 31, 2017

New Delhi, Aug 31: After registering a case against RJD chief Lalu Prasad Yadav and AAP minister Satyendra Jain, the Central Bureau of Investigation (CBI) is now going to probe the land scam involving Robert Vadra, the son-in law of Congress president Sonia Gandhi. The CBI registered 18 FIRs on Wednesday after the BJP-led Rajasthan government asked for a probe into alleged land scams in Bikaner.

Separate FIRs were registered under several sections of IPC regarding a series of transactions of land allotted in lieu of Mahajan Firing range in Bikaner, of which Vadra's companies also made a few purchases and later sold them at a hefty profit. The case emerged in 2014 when the state cancelled 18 mutations, that is, transfer of ownership in Bikaner, after finding them to be illegal.

The land was illegally allotted or possessed in 2006-07 by some villagers who were "wrongfully" shown as farmers displaced by Mahajan Field Firing Range of the army.

Land Scam

While those who had actually lost the land were rehabilitated in the 90s, it was alleged that several parties, including Vadra's company, had purchased large amounts of land.

The CBI investigations are likely to land a few influential people from the region, including some Congress leaders, in trouble. Vadra came into the picture at a later stage and most of the land he purchased in the name of a few companies had already exchanged hands a few times.

At one point, he was the director of more than one company whose net land holding in that area exceeded land ceiling by a small margin, but he once clarified that the excess land was surrendered.

However, he faced the allegation of buying land on being sounded by Congress governments at the center and the state about proposed setting up of solar parks - which got the rock bottom land prices to skyrocket at once. Yet, the profit he made was estimated to be only a few crores - a meager amount compared to what his land deals in Gurugram are alleged to have yielded.

CBI Investigations to Bring Trouble

Some of the lands he sold were bought by the state's Congress leaders. The state government, according to home minister Gulab Chand Kataria, found it difficult to investigate the web of transactions and alleged violations. There were also allegations that Vadra had bought a lot more than what has been reported, but these claims remain unsubstantiated. This shows that either the Vasundhara Raje government in the state was reluctant to nail Vadra or it did not find enough substance to go after him and therefore decided to send the cases to the CBI. There have been a few arrests in the past, and CBI investigations are expected to bring trouble for many more.

This is why, Vadra may be interrogated by CBI and end up facing charges of wrongdoings such as buying from those who had bought it fraudulently or exceeding land ceiling at one point.

Vadra had earlier claimed that he was innocent and was being targeted. He took to Facebook to vent his ire and wrote, "Another attempt of malicious prosecution exposed. First, Rajasthan police filed a FIR on 26 August 2014. In 3 years, they filed the chargesheets, summoned documents, as also company officials, yet found not an iota of evidence. Neither the FIR nor the chargesheets accuse the companies associated with me in any manner whatsoever."

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News Network
June 29,2020

Karachi, Jun 29: Four heavily-armed militants attacked the busy Pakistan Stock Exchange on Monday morning, killing four security guards and a police sub-inspector before being shot dead in an exchange of fire, media reports said.

The unidentified militants opened indiscriminate fire and lobbed hand grenades at the main gate of the building as they tried to storm it, Geo News reported.

Police said that all the terrorists have been killed while five persons injured in the attack.

Four security guards and a police sub-inspector were also killed in the attack.

"An unfortunate incident took place at the Pakistan Stock Exchange. They made their way from our parking area and opened fire on everyone," said Abid Ali Habib, Director of Pakistan Stock Exchange.

The firing by militants caused panic among the people in the building.

Sindh province Governor Imran Ismail condemned the incident.

"Strongly condemn the attack on PSX aimed at tarnishing our relentless war on terror. Have instructed the IG & security agencies to ensure that the perpetrators are caught alive & their handlers are accorded exemplary punishments. We shall protect Sindh at all costs," he said on Twitter.

Police and rangers have arrived on the spot and surrounded the area.

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News Network
June 29,2020

New Delhi, Jun 29: India recorded 19,459 new coronavirus cases and 380 deaths in the last 24 hours.

According to the Ministry of Health and Family Welfare on Monday, the total coronavirus cases in the country stands at 5,48,318 including 2,10,120 active cases, 3,21,723 cured/discharged/migrated and 16,475 deaths.

Maharashtra's COVID-19 count touched 1,64,626 and cases in Delhi have reached 83,077.

The total number of samples tested up to 28 June is 83,98,362 of which 1,70,560 samples were tested yesterday, as per the data provided by the Indian Council of Medical Research (ICMR). 

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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