tag:blogger.com,1999:blog-69423948095201312462024-03-19T00:59:08.862+05:30SCAMSLEAKWe take your voice ahead send details with supporting docs on - scamsleak@gmail.comSCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.comBlogger901125tag:blogger.com,1999:blog-6942394809520131246.post-39795821562408120282016-03-07T18:11:00.001+05:302016-03-07T18:18:37.902+05:30डीओडी और आईसीएआई ने सीए एचआर कंचन पर लगाया प्रतिबंध, 50 हजार का जुर्माना<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red; font-family: "symbol"; font-size: 12.0pt;"><span style="mso-list: Ignore;">·<span style="font: 7.0pt "Times New Roman";">
</span></span></span><span lang="HI" style="color: red; font-family: "mangal" , "serif"; font-size: 12.0pt;">सीएमडी ओके
ऑगस्टी को हुआ एक हजार करोड़ से अधिक का नुकसान</span><span style="color: red; font-size: 12.0pt;"></span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">मुंबई। ओएफएस इंडस्ट्रीज प्रा.
लिमिटेड नामक कंपनी के साथ जालसाजी और उसके कारोबारी हितों के खिलाफ काम करने के
आरोप में सीए की सूची से चार्टर्ड अकाऊंटेंट हरीश रामप्पा कंचन की सदस्यता रद्द
करने की सजा डायरेक्टरेट ऑफ डिसिप्लीन (डीओडी) </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;"> द इंस्टीट्यूट ऑफ चार्टर्ड अकाऊंटेंट्स ऑफ इंडिया (आईसीएआई) ने सुनाई है।
आईसीएआई के इतिहास में यह पहला मौका है, जब ऐसा कठोर दंड किसी सीए को डीओडी जैसे शीर्ष
संस्थान के चार वरिष्ठ पैनलिस्ट ने मिल कर सुनाया है। </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">चार्टर्ड अकाऊंटेंट हरीश रामप्पा
कंचन को कंपनी हड़पने के लिए निदेशक ओके वर्गीज के साथ मिल कर साजिश रचने और
व्यावसायिक दुराचरण का दोषी पाते हुए द इंस्टीट्यूट ऑफ चार्टर्ड अकाऊंटेंट्स ऑफ
इंडिया (आईसीएआई) और अनुशासन निदेशालय (डीओडी) ने छह माह के लिए सीए की सूची से चार्टर्ड
अकाऊंटेंट हरीश रामप्पा कंचन की सदस्यता (क्रमांक 036608) व नाम रद्द करने और 50
हजार रुपए का जुर्माना अदा करने की सजा सुनाई थी। </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">आदेश के साथ आरोपी सीए हरीश
रामप्पा कंचन को भेजे पत्र (क्र. पीआर</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">02</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">08</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">डीडी</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">29</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">2008</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">डीसी</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">53</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">09) पर डीओडी के सहायक सचिव शशी महाजन के हस्ताक्षर हैं। </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">डीओडी के आदेश (क्र. डीडी</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">29</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">2008</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">डीसी</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">53</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">/</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">09) में कहा है, </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">“</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">आरोपी के काम से यह जाहिर
होता है कि उसने चार्टर्ड अकाऊंटेंट्स के लिए तय मानकों के विपरित कार्य किया है
और इससे चार्टर्ड अकाऊंटेंट्स के प्रति आस्था तोड़ी है। यह भी कहा जा सकता है कि
चार्टर्ड अकाऊंटेंट्स व्यवसाय के लिए बदनामीकारक कार्य किया है।</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">”</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;"> इस आदेश पर प्रिसाईडिंग ऑफीसर जी. रामास्वामी, सरकारी नामिनी एसके घोष, कमेटी
सदस्य नीलेश एस. विकमसे और सुमंत्र घोष के हस्ताक्षर हैं। इसमें कहा गया है, </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">“</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">डीओडी की राय में एचआर कंचन को चार्टर्ड अकाऊंटेंट्स एक्ट, 1949 की धारा 2 के
भाग चार की पहले अनुदेश, धारा 7 व 8 के भाग एक के दूसरे अनुदेश के तहत व्यावसायिक
दुराचरण का दोषी पाया जाता है।</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">”</span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">आईसीएआई ने सजा के आदेश में कहा
है, </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">“</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">इस मामले में मौखिक और दस्तावेजी सबूत देखने के बाद
यह सामने आया है कि आरोपी ने हद गंभीर व्यावसायिक गड़बड़ियां की हैं। कमेटी को
लगता है कि आरोपी को इस मामले में कठोर सजा दी जानी चाहिए।</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">” </span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">आईसीआईए के आदेश में साफ तौर पर
लिखा है, </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">“</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">चार्टर्ड अकाऊंटेंट्स एक्ट
(अमेंडमेंडेट), 1949 की धारा 21(बी)(3) के तहत अनुशासन समिती ने 50 हजार रुपए का
नकद जुर्माना 30 दिनों के अंदर जमा करने और छह माह तक सीए की सूची से नाम निकाल
देने की सजा सुनाई है।</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">”</span><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;"> इस आदेश पर प्रिसाईडिंग
ऑफीसर मनोज फडनीस, सरकारी नामिनी एसपीएस नागर और जोगिंदर सिंह के हस्ताक्षर हैं। </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">इस मामले में शिकायतकर्ता श्री
ऑगस्टी के मुताबिक उनकी 45 सालों की मेहनत पर कुछ लोगों के लालच ने पानी फेर दिया।
इस हरकत के कारण वे इस कदर टूट गए कि अब तक कोई कारोबार करने की स्थिति में नहीं
रह गए हैं। बरसों तक चले कानूनी मुकदमेबाजी और पुलिस व डीओडी के चक्कर डाटने के कारण
वे न केवल आर्थिक रूप से खस्ताहाल हो गए बल्कि आर्थिक रूप से भी बुरी तरह टूट गए
हैं। श्री ऑगस्टी कहते हैं कि इस धोखाधड़ी के कारण कंपनी को 200 करोड़ रुपए से
अधिक की संपत्तियों व कारोबार का सीधे नुकसान हुआ है। कंचन और वर्गीज द्वारा कंपनी
हड़पने के कारण कारोबार न कर पाने की स्थिति में उन्हें एक हजार करोड़ रुपए से भी
अधिक का नुकसान पिछले कुछ सालों में हुआ है। </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">श्री ऑगस्टी ने सीए कंचन और कंपनी
के निदेशक ओके वर्गी पर आरोप लगाया कि इन्होंने मिल कर उनके साथ न केवल धोखाधड़ी
की बल्कि जाली हस्ताक्षर किए, नकली दस्तावेज बनाए, शेयर हड़पे, कंपनी की 200 करोड़
रुपए से अधिक की रकम हजम की थी। इसके कारण न केवल हमें आर्थिक नुकसान हुआ बल्कि
सामाजिक एवं पारिवारिक रूप से भी भारी नुकसान हुआ। </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">श्री ऑगस्टी ने यह भी बताया इस
मामले की जांच मुंबई पुलिस की अपराध शाखा द्वारा की जा रही है। इस बारे में एक
शिकायत पहले ही पुलिस के पास दर्ज की जा चुकी है। </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<b><span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">अधिक जानकारी के लिए
संपर्क</span></b><b><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">:</span></b></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">ओके ऑगस्टी, </span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<span lang="HI" style="font-family: "mangal" , "serif"; font-size: 12.0pt;">सीएमडी, ओएफएस इंडस्ट्रीज प्रा.
लि., मुंबई</span><span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;"></span></div>
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<span style="font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: HI;">+91 9870 55 66 99</span></div>
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<b><span lang="HI" style="color: red; font-family: "mangal" , "serif"; font-size: 12.0pt;">दस्तावेज की
डिजीटल प्रतियां हासिल करने के लिए देखें - </span></b><b><span style="color: red; font-size: 14.0pt;">www.mininewswire.com</span></b><b><span style="color: red; font-size: 12.0pt;"></span></b></div>
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SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-41714455763869426332016-03-07T18:09:00.001+05:302016-03-07T18:19:36.934+05:30DOD & ICAI Suspends and Fines CA For Cheating, Fraud And Forgery<div dir="ltr" style="text-align: left;" trbidi="on">
<b><span style="color: red;">CA conspired with the director of his client’s company and attempted to take illegal possession of the same</span></b><br />
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Mumbai: In probably first such order, the Directorate of Discipline (DOD) / Institute of Chartered Accountants of India (ICAI) has ordered the removal of the registration of a chartered accountant (CA) on charges of alleged fraud and for working against the interest of a company.<br />
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Four senior panelists of DOD passed the order against CA Harish Ramappa Kanchan for allegedly working against OFS Industries Private Ltd., owned by OK Augusty. Kanchan was accused of conspiring with a director of the company OK Varghese to take illegal possession of the company. DOD and ICAI suspended Kanchan’s membership (no 036608) for six months from the list of CAs. He was also directed to pay a fine of Rs 50,000 in cash.<br />
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DOD Order number DD/29/2008/DC/53/2009 also says, “The conduct of the Respondent in this matter is unbecoming of a Chartered Accountant as he failed to bestow the faith reposed by the Society in the Chartered Accountants. Further, the said conduct of the Respondent has brought disrepute to the profession of Chartered Accountancy.”<br />
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Punishment Order from ICAI reads, “Keeping in view the facts and circumstances of the case as aforesaid, the material on record and also the oral / written representations of the Respondents and the very serious nature of professional misconduct, the Committee is of the view that the interest of justice would be met if only a severe punishment is awarded to the Respondent.” <br />
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The punishment order of ICAI says, “Fined for Rs 50,000 in cash to be paid in 30 days and name to be suspended from CA’s list for six months under section 21(B)(3) of the Chartered Accountants Act (Amended) 1949.” The letter (no. PR/02/08/DD/29/2008/DC/53/09), sent to Kanchan with the order, bore signature of assistant secretary, DOD, Shashi Mahajan. <br />
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The order of the DOD has signature of Presiding Officer G. Ramaswamy, Government Nominee Sk Ghosh, members Nilesh S. Vikamsey and Sumantra Guha. The order found Kanchan guilty under many sections of the Chartered Accountants Act 1949 & the Chartered Accountants (Amendment) Act 2006. <br />
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The punishment order has signature of Presiding Officer Manoj Phadnis, Government Nominee SPS Nagar and Joginder Singh. The order found Kanchan guilty under section 2 of the Chartered Accountants Act 1949 & the Chartered Accountants (Amendment) Act 2006.<br />
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According to Augusty, the fraud, conspiracy of which started way back in 1998, has brought him to shambles as he lost crores worth property and business due to the long legal battle when he was also forced to made several rounds of the police department and DOD. The fraud also caused a loss of over Rs 1,000 crores to him in last few years, he said.<br />
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Augusty alleged that Kanchan and Varghese not only cheated him by using forged signatures, fabricated documents but also usurped his shares and over Rs 200 crores of the company. Due to this shocking misadventure by Kanchan and Varghese, we had not only loss in monetary term but irreparable loss and damage to the legacy of the family. <br />
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Augusty also informed that this case is being investigated by the Mumbai police crime branch, as we lodged a complaint against all accused.<br />
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<b>For more details contact:<br />OK Augusty, <br />CMD, OFS Industries Pvt. Ltd., Mumbai<br />+91 9870 55 66 99<br /><br /><span style="color: red;">Digital Copy of the documents available at www.mininewswire.com</span></b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com1tag:blogger.com,1999:blog-6942394809520131246.post-84850211347532584282015-11-07T12:25:00.002+05:302015-11-07T12:25:22.423+05:30इंदिरा प्रियदर्शनी बैंक घोटाला - आज भी दबे हैं कई गहरे राज़, स्पष्ट जांच से कई सफेदपोशों पर गिरेगी गाज<div dir="ltr" style="text-align: left;" trbidi="on">
राजधानी के इंदिरा प्रियदर्शिनी बैंक में करीब दस वर्ष पहले राज्य के सबसे
बड़े बैंक घोटाले का पर्दाफाश हुआ था। घोटाले के बाद सभी आरोपी गायब हो गए
थे, जमकर हो हल्ला हुआ, जांच टीम गठित करके जांच रिपोर्ट तैयार करने के
आदेश दिए गए। मगर जांच टीम ने कई वर्ष लगा दिए जांच कर रिपोर्ट तैयार करने
में। जैसे तैसे रिपोर्ट के बाद कुछ खुलासे हुए मगर कोई खास प्रगति नहीं
दिखाई दी।<br /><br />बैंक घोटाले ने हजारों निवेशकों की जिंदगी भर की जमापूंजी
पर हाथ साफ कर दिया गया था। पर्दाफाश होते हैं पूरे प्रदेश में आग सी लग
गई थी। चारों ओर हरेक व्यक्ति के होंठों पर इंदिरा प्रियदर्शिनी बैंक
घोटाला ही था। इसमें साल 2006 में 54 करोड़ रुपए का घोटाले का खुलासा हुआ
था। इंदिरा प्रियदर्शिनी बैंक घोटाले में सबसे बड़ा खुलासा वर्ष 2013 में
कांग्रेस के द्वारा किया गया हालांकि यह खुलासा विवादों में ही घिरा रहा।<br />
<br />
बैंक गबन के मामले में राज्य के मुख्यमंत्री व चार कैबिनेट मंत्री पर
करोड़ों रुपये लेने का आरोप कांग्रेस ने लगाया, प्रदेश कांग्रेस अध्यक्ष
भूपेश बघेल ने वर्ष 2013 में बैंक के तत्कालीन मैनेजर के नार्को टेस्ट की
सीडी को सार्वजनिक किया था। सीडी में मैनेजर ने मुख्यमंत्री डॉ. रमन सिंह,
तत्कालीन वित्त मंत्री अमर अग्रवाल, लोक निर्माण मंत्री बृजमोहन अग्रवाल,
आवास एवं पर्यावरण मंत्री राजेश मूणत और सहकारिता मंत्री रामविचार नेताम को
एक-एक करोड़ रुपये बांटने का दावा किया था। <br />
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<br />इस खुलासे के बाद बघेल
ने मुख्यमंत्री सहित पूरे मंत्री परिषद को नैतिक जिम्मेदारी लेते हुए
इस्तीफा देने की मांग की थी हालांकि हुआ ऐसा कुछ भी नहीं था। दूसरी ओर उस
समय सरकार के प्रवक्ता बृजमोहन अग्रवाल ने कहा था कि इस सीडी को न्यायालय
में सबूत के तौर पर पेश ही नहीं किया गया है, क्योंकि जांच के दौरान बयानों
में विरोधाभास मिला था। जबकि कांग्रेस नेता ने पत्रवार्ता में बताया था कि
बैंक मैनेजर उमेश सिन्हा की सीडी देखने पर साफ था कि उसने बैंक के चेयरमैन
रीता तिवारी के आदेश पर मुख्यमंत्री सहित चार कैबिनेट मंत्रियों को एक-एक
करोड़ रुपये बांटे गए थे। यही नहीं, दिवंगत डीजीपी ओपी राठौर को भी एक करोड़
रुपये दिए गए थे। मैनेजर ने खुद एक रुपया भी नहीं लिया था। मामला खुलने के
बाद चेयरमैन रीता तिवारी आनन फानन में विदेश निकल गई थी।<br /><b><br />इंदिरा प्रियदर्शिनी बैंक -</b><br />सदर
बाजार स्थित इस सहकारी बैंक में आम और खास लोगों की दिलचस्पी सिर्फ इसलिए
थी कि यहां अन्य बैंकों के मुकाबले ब्याज की दर अधिक थी। लिहाजा लोग यहां
अपनी गाढ़ी कमाई की रकम जमा करवाते थे। रायपुर शहर के इंदिरा प्रियदर्शिनी
महिला नागरिक सहकारी बैंक को महिलाओं के लिए ख़ास तौर पर बनाए गए इस बैंक
के संचालक मंडल में केवल महिलाएं थीं। बैंक में केवल महिलाओं को ही ऋण देने
की व्यवस्था भी थी। समाज के कमज़ोर वर्ग की महिलाओं को बेहद कम ब्याज़ दर
पर क़र्ज़ देकर उन्हें आर्थिक तौर पर स्वावलंबी बनाने के उद्देश्य से भारत
सरकार ने 'महिला बैंक' शुरू करने की पहल की है। पहले ही गुवाहाटी, कोलकाता,
चेन्नई, मुंबई, अहमदाबाद, बैंगलौर और लखनऊ में महिला बैंक की शाखाएं खोली
गई हैं। <br /><br />इस बैंक का मक़सद काम और सेवा में महिलाओं को प्राथमिकता
देना है, लेकिन रायपुर के लोग इंदिरा प्रियदर्शिनी बैंक के अनुभव की वजह से
कड़वाहट से भरे हैं। रायपुर शहर के सबसे व्यस्त सदर बाज़ार के इलाके में
वर्ष 1995 में जब महिलाओं के लिए ख़ास तौर पर इंदिरा प्रियदर्शिनी महिला
नागरिक सहकारी बैंक खोला गया तो महिलाओं में गज़ब का उत्साह था। सब कुछ
ठीक-ठीक चल रहा था। बाद में बैंक के कुछ अधिकारियों और संचालक मंडल
के घोटाले सामने आए और 2 अगस्त 2006 को बैंक बंद हो गया। शहर में मौजूद
बैंक की दो शाखाएं भी बंद हो गईं।<br />
<br />
इस बैंक की पूंजी में सेंध लगाने का काम
"संचालक मंडल के सदस्यों और बैंक प्रबंधन ने 54 करोड़ रुपए से अधिक की रक़म
का घालमेल किया। फिर उन्होंने एक दिन अचानक बैंक बंद करने की घोषणा कर
दी।" बैंक में गड़बड़ी की जानकारी सबसे पहले 3 अक्टूबर 2007 को उस समय
सामने आई जब ऑडिट किया गया।<br /><br /><b>2007 में दर्ज हुई रिपोर्ट -</b><br />मामले
की रिपोर्ट सिटी कोतवाली थाने में 9 जनवरी 2007 को दर्ज कराई गई। धारा
409, 420, 467, 468, 201 एवं 120 बी के तहत जुर्म पंजीबद्ध किया गया। लेकिन
गबन की राशि बरामद नहीं हो पाई थी। जिसके कारण खातेदारों के जमा रुपये
वापस करने की विवशता बैंक के सामने है। डिपाजिट इंश्योरेंस एण्ड क्रेडिट
गारंटी कारपोरेशन मुबंई से 13 करोड़ रुपये प्राप्त कर एक लाख की सीमा तक के
छोटे खातेदारों को रकम वापस की भी गई थी किंतु डीआईसीजीसी से प्राप्त रकम
उसे वापस करना भी एक अनिवार्य शर्त थी तथा खातेदारों की शेष राशि भी वापस
करना था जो अभियुक्तों से वसूली हुए बिना संभव नहीं था। इस मामले में
सीबीआई जांच की मांग भी की गई थी।<br /><br /><b>2003 से 2006 तक हुआ गबन -</b><br />बघेल
बताया था कि गबन वर्ष 2003 से 01.08.2006 तक लगातार किया गया था। इस दौरान
बैंक के 25716 खातेदारों की जमा राशि 54 करोड़ 38 लाख 45 हजार 333.27 रुपये
का गबन किया गया, फलस्वरूप 02.08.2006 को बैंक का बैंकिंग कारोबार बंद हो
गया और रिजर्व बैंक ऑफ इंडिया ने बैंक का बैंकिंग लाइसेंस निरस्त कर दिया।
यह गबन बैंक के निदेशक मंडल एवं कर्मचारियों ने षड्यंत्र रचकर किया। इसके
तहत फाल्स एफडीआर, डीडी और पे-आर्डर जारी किए गए थे और अलग-अलग बैंकों में
जमा राशि भी निकाली गई थी, जिसे बैंक की लेखा पुस्तकों में दर्ज नहीं किया
गया। इस दौरान फर्जी दस्तावेजों के आधार पर एक ही व्यक्ति को कई लोन भी
बांटे गए थे।<br /><br />इंदिरा प्रियदर्शनी बैंक छत्तीसगढ़ का सहकारी क्षेत्र
का सबसे बड़ा और भरोसेमंद बैंक था। राज्य भर में इसके तीस हजार से जायदा
ग्राहक थे। खास बात यह थी की इस बैंक के संचालक मंडल में कांग्रेस के
नेताओं की पत्नियां और महिला नेता शामिल थीं। ये तमाम महिलाएं ही बैंक का
संचालन करती थीं। 2007 में 40 करोड़ का घोटाला उजागर होने पर यह बैंक डूब
गया।<br />
<br />
प्रारभिक जांच पर पता चला की बैंक के मैनेजर समेत संचालक मंडल ने
करोड़ों रुपये का गबन किया है और फर्जी ऋण बांट कर आम ग्राहकों की रकम डकार
ली। पुलिस ने धोखाधड़ी और अमानत में खयानत का मामला दर्ज कर इस घोटाले के
लिये सभी आरोपियों के खिलाफ अदालत में चालान पेश किया था।<br /><br /><b>घोटाले में लिप्त महिला पदाधिकारी की गिरफ्तारी -</b><br />प्रकरण
दर्ज होने और शासन पर एक साथ 40 हजार के करीब खातेदारों के बढ़ते दबाव के
बाद सितंबर 2008 में श्रीमती पाठक, श्रीमती पगारिया सहित कुल 19 लोगों के
खिलाफ गिरफ्तारी वारंट जारी किया गया था। जिसमें से संचालक मंडल की सदस्या
सविता शुक्ला जो पिछले ढाई साल से फरारी काट रही थीं, उनके छोटापारा स्थित
निवास से गिरफ्तार कर कोर्ट में पेश किया गया। इसके अलावा इस प्रकरण में
सरोजनी शर्मा, कुसुम चौके और अरूणा निगम की गिरफ्तारी शेष रही थी। पुलिस ने
बताया कि इन सभी के खिलाफ धारा 420, 468, 120बी के तहत अपराध कायम किया
गया है। बताया जा रहा है कि इंदिरा प्रियदर्शिनी बैंक घोटाले में संचालक
मंडल की मुख्य पदाधिकारी रीता तिवारी की गिरफ्तारी बीते साल की गई थी और
कुछ समय तक जेल में रहने के बाद उन्हें जमानत पर रिहा कर दिया गया था।<br /><br /><b>कांग्रेस ने कहा - झीरम घाटी हमले का कारण नार्को सीडी -</b><br />कांग्रेस
ने राज्य की भाजपा सरकार पर आरोप लगाया था कि नार्को टेस्ट की सीडी की वजह
से नंदकुमार और उनके बेटे दिनेश पटेल की हत्या करवा दी गई थी। कांग्रेस
मीडिया विभाग के मुताबिक,नक्सली हमले में मारे कांग्रेस के पूर्व अध्यक्ष
नंद कुमार पटेल के पुत्र स्व. दिनेश पटेल की ओर से 23 मई को उन्हें एक
एसएमएस भेजा था कि 15 जून को बड़ा खुलासा होगा, लेकिन 25 मई को जीरम घाटी
में नक्सली हमले में उनकी मौत हो गई। वर्ष 2003 से पहली अगस्त 2006 तक
इंदिरा सहकारी बैंक के 25716 खातेदारों की 54,38,45,333.27 रुपए की जमा
राशि का गबन किया गया। इसके फलस्वरूप 2 अगस्त को बैंक का बैंकिंग कारोबार
बंद हो गया।<br /><br /><b>बृजमोहन ने कहा कांग्रेस का आरोप निराधार -</b><br />इंदिरा
प्रियदर्शिनी बैंक घोटाले से संबंधित नार्को टेस्ट की सीडी को झीरम घाटी
में शहीद कांग्रेस के वरिष्ठ नेताओं से जोड़ना दुर्भाग्यजनक है, यह बातें
जुलाई 2013 में राज्य सरकार के तत्कालीन प्रवक्ता बृजमोहन अग्रवाल ने कही
थी। उन्होंने कहा था कि झीरम घाटी में इतनी बड़ी घटना हुई, उसमें शहीद लोगों
को श्रद्धांजलि देने के बजाय सीडी को दिवंगत नेता नंदकुमार पटेल के बेटे
दिनेश पटेल के एसएमएस से जोड़ना उचित नहीं है। सीडी की सच्चाई पर सवाल खड़ा
कर दिया और कहा कि यह कांग्रेस की पुरानी आदत है कि वह असत्य बातों को सीडी
के माध्यम से लाकर सत्य बताने का प्रयास करती है। जो बरसों पुरानी सीडी को
सनसनीखेज खुलासे की तरह पेश किया गया। नार्को टेस्ट के नाम पर पेश की गई
सीडी फर्जी है, यह बात कांग्रेस के वरिष्ठ नेता जानते हैं। यही वजह है कि
उनकी पत्रवार्ता में कोई बड़ा लीडर नहीं था। सीडी 2007 में बनी है। सीडी में
सच्चाई है तो कांग्रेस ने पिछले चुनाव में इसे मुद्दा क्यों नहीं बनाया?<br />
<br />
अग्रवाल ने कहा कि हमारी पुलिस ने पूरे मामले की जांच तत्परता से की। दोषी
लोगों को गिरफ्तार कर अदालत में पेश किया। अब आगे का काम अदालत का है,
इसलिए इसमें सीबीआई जांच की जरूरत ही नहीं है। सीबीआई पिंजरे में बंद तोता
है। यह सर्वोच्च न्याय संस्था सुप्रीमकोर्ट कह चुकी है। फिलहाल इस सीडी को
लेकर मचे घमासान से राज्य का राजनीतिक गलियारा गरमा गया था।<br /><br /><b>मीडिया के सामने आने से बचते रहे उमेश सिन्हा -</b><br />इस
मामले में उमेश सिन्हा से बातचीत करने की कोशिश की गई और घर पहुंचे मीडिया
कर्मियों से भी उन्होंने मिलने और बात करने से इंकार कर दिया था। सिन्हा
के वकील एसके फरहान ने यह कहते हुए कोई भी टिप्पणी करने से इंकार कर दिया
कि कांग्रेस द्वारा जारी इस सीडी का न्यायालयीन प्रक्रिया से कोई संबंध
नहीं है।<br /><br />- उमेश सिन्हा के नार्को टेस्ट की सीडी में ही कई
विरोधाभास हैं। यहां तक कि उमेश सिन्हा ने जो बात एक बार कही, दूसरी बार
उसी बात से पलट गया थे। उमेश सिन्हा और इस मामले में गिरफ्तार बैंक के
डॉयरेक्टरों के बयानों में भी विरोधाभास थे। इसलिए पुलिस ने इसे साक्ष्य के
रुपये में कोर्ट में प्रस्तुत नहीं किया था। यह सीडी आरटीआई के तहत 2009
में उपलब्ध कराई जा चुकी है। - तत्कालीन आई.जी, रायपुर रेंज<br />
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<br />-छत्तीसगढ़
विधानसभा में राज्य के मुख्य विपक्षी दल कांग्रेेस ने इंदिरा प्रियदर्शनी
बैंक द्वारा ॠण वसूली को लेकर सवाल किया और इस मामले में सीबीआई जांच की
मांग को लेकर सदन से बहिर्गमन कर दिया था।<br /><br />- विधानसभा में 22 जुलाई
2015 को प्रश्नकाल के दौरान प्रदेश कांग्रेस अध्यक्ष भूपेश बघेल ने इंदिरा
प्रियदर्शनी बैंक से एक करोड़ रूपए से अधिक राशि का ॠण जिन संस्थाओं या
व्यक्तियों को दिया गया है उनसे वसूली को लेकर सवाल किया।<br /><br />* जवाब
में सहकारिता मंत्री दयालदास बघेल ने बताया कि सात ॠण प्राप्तकर्ताओं से
अभी तक राशि वसूल नहीं की गई है। सभी सातों प्रकरणों में सक्षम न्यायालय
में वाद दायर किया गया है और वसूली की डिग्री प्राप्त किया गया है।।बघेल ने
बताया कि जिन संस्थाओं और व्यक्तियों के खिलाफ वाद दायर किया गया है वह
फर्जी है। इस मामले में फर्म का पता लगाया गया जो फर्जी निकला। मामला
न्यायालय में है।<br /><br />- कांग्रेस नेता भूपेश बघेल ने कहा कि इंदिरा
प्रियदर्शिनी बैंक में करोड़ों रूपए का घपला किया गया है। इस मामले में जो
आरोपी है उसका जब नार्को टेस्ट किया गया तब उसने कई लोगों का नाम लिया है।
इस नार्को टेस्ट की सीडी को अभी तक न्यायालय में पेश क्यों नहीं किया गया
है।<br /><br />* मंत्री ने कहा कि मामला न्यायालय में लंबित है। अब इस मामले में न्यायालय ही फैसला करेगा।<br /><br />-
अग्रवाल ने कहा था कि कांग्रेस मुद्दाविहीन पार्टी है। उनके पास कोई
मुद्दा नहीं था इसीलिए तीन दिनों तक विधानसभा में भी शोर-शराबा करते रहे।
किसी मुद्दे पर तर्क या बहस नहीं की। अब पुरानी और फर्जी सीडी जारी कर केवल
माहौल बनाना चाहते हैं।<br /><br /><b>गरीबों के हक के लिए अगर जरूरत पड़ी तो कोर्ट में जाएंगे - भूपेश बघेल</b><br />सीडी
उजागर करने वाले कांग्रेस नेता भूपेश बघेल का कहना है कि इस बैंक घोटाले
में उमेश सिन्हा के नार्को टेस्ट की सीडी अदालत में देने की जिम्मेदारी
पुलिस और सरकार थी। जब यह काम नहीं हुआ तो हम जनता की अदालत में सीडी लेकर
गए। अब इस संबंध में विधि के जानकारों से सलाह ली जाएगी और जरूरत पड़ने पर
हम सीडी लेकर अदालत में जाएंगे। जहां तक सीडी हासिल करने का सवाल है, यह
सीडी दिनेश पटेल के करीबियों ने हमें दी है। हम सुरक्षा कारणों से उनके नाम
का खुलासा नहीं कर सकते हैं। जिन लोगों ने सीडी दी है वे नंदकुमार पटेल और
दिनेश पटेल के संपर्क में थे। सीडी को लेकर पटेल पिता पुत्र में चर्चा चल
रही थी। हम लोगों की जानकारी में यह पूरा मामला था।<br /><b>साभार - <br />रायपुर 31 अक्टूबर 2015 (जावेद अख्तर). <br />http://www.khulasatv.com/2015/11/11.html#.Vj2Q416FCSp</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com1tag:blogger.com,1999:blog-6942394809520131246.post-58530251821899895302015-11-07T11:40:00.002+05:302015-11-07T11:40:38.945+05:30रिजेक्ट कोयले का खेल : एसईसीएल हुआ बदहाल, प्राइवेट कंपनी हुई लाल, संचालक हुये मालामाल<div dir="ltr" style="text-align: left;" trbidi="on">
छत्तीसगढ़ की ऊर्जा नगरी कोरबा में चारों ओर काले सोने का असीमित भंडार भरा
हुआ है जिसके चलते काला सोने यानि कोयले पर कोल व्यापारियों और कोल
माफियाओं की भी नज़र गड़ी ही रहती है। कोरबा जिले में भारत सरकार ने कोयले
पर भारतीय हक के दावेदारी के चलते ही एसईसीएल का निर्माण किया ताकि भारतीय
अर्थव्यवस्था को कोयले के द्वारा क्रय विक्रय से राजस्व की प्राप्ति होती
रहे। भारतीय सरकार को यह अंदेशा भी नहीं रहा होगा कि एसईसीएल के
उच्चाधिकारी देश के राजस्व में ही चपत लगाने लगेंगे और प्रतिदिन कई करोड़
का नुकसान पहुंचाने लगेंगे।<br /><br />बताते चलें कि एसईसीएल कोरबा जिले में
कोयला खान की बड़ी यूनिट है। हजारों लाखों लोगों की रोजी रोटी चलने का
माध्यम भी। शासकीय उच्चाधिकारियों ने ही एक प्राइवेट कंपनी से हाथ मिला कर
भारतीय सरकार को जबरदस्त तरीके से लूटना शुरू कर दिया है। यह लूट खसोट
दस-बारह वर्षों से भी अधिक समय से लगातार और प्रतिदिन चल रही है।
उच्चाधिकारियों की मिलीभगत से ही आज तक कोई, इस कंपनी की ओर आंख उठा कर भी
नहीं देख पाया है। <br />
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<br />कई बार जांच हुई जिसमें यह सत्य उजागर हुआ मगर
राज्य सरकार और जांच एजेंसियां दोनों ही बौने साबित हो गए एसईसीएल के
भ्रष्ट उच्चाधिकारियों और इन प्राइवेट कंपनियों के सामने। इसलिए राज्य
सरकार से उम्मीद करना बेकार ही है। प्राइवेट कंपनियों पर एसईसीएल के
उच्चाधिकारी की अधिक मेहरबानियां है। वैसे भी एसईसीएल जब खुद लुटने को
तैयार बैठी है तो इसमें प्राइवेट कंपनी वाले की क्या गलती। क्योंकि
प्राइवेट कंपनी को मौका दिया गया होगा तब ही तो उसने चौका मारा होगा। <br /><br />एक
हिसाब से देखा जाए तो असली गुनहगार तो एसईसीएल के बिकाऊ उच्चाधिकारी हैं।
गौर करने वाली बात ये है कि अगर भारतीय सरकार अपने पर आ जाए तो एसईसीएल के
उच्चाधिकारियों को और प्राइवेट कंपनियों को 24 घंटे में लाइन पर ला सकती
है, मगर अफसोस यही है कि सभी ढिंढोरा पीटते हैं भ्रष्टाचार को समाप्त करने
का मगर कोई भ्रष्टाचार से मुक्त होना नहीं चाहता है। ऊपर से लेकर नीचे तक
सब भ्रष्टाचार की एक माला के ही मोती है और सभी एक ही धागे में गुधे हुए
हैं भले सबकी बनावट व रंग अलग अलग है। <br /><br />वर्ष 2003 में कांग्रेस
पार्टी से तत्कालीन मुख्यमंत्री अजीत जोगी द्वारा एक आर्यन के द्वारा
हिन्डालको को बेचे गए 4 लाख टन कोयले की जांच सीबीआई द्वारा कराने का आग्रह
किया गया था। इसके लिए बकायदा पत्र लिखकर उन्होंने अपनी बात रखी थी, मगर
जल्द ही कांग्रेस की उनकी सरकार चली गई। इस पर आज भी भूतपूर्व मुख्यमंत्री
अजीत जोगी अपनी बात रखते हैं और कार्यवाही न करने का पूरा जिम्मेदार रमन
सरकार को बताते हैं। <br /><br />
कोरबा जिले में एसईसीएल और आर्यन के साथ
मिलकर कोयले का ऐसा रोचक खेल खेला जाता है जो कि यकीनन कौतूहल का विषय है।
वैसे काले सोने के खेल में करोड़ों रुपयों के वारे न्यारे होतें हैं, दरअसल
इस खेल की पोलपट्टी तब खुली जब खनिज विभाग के अधिकारियों ने राजधानी
रायपुर में चार ट्रकें पकड़ी थी। पकड़े जाने पर ट्रक चालकों ने खनिज विभाग
के अधिकारी को बताया था कि इन ट्रकों में रिजेक्ट कोयला है मगर जब जांच की
गई तब पता चला कि कोयला अच्छी गुणवत्ता वाला स्टीम कोयला है। खनिज विभाग के
अधिकारियों ने ट्रकों को जब्त कर दिया था परंतु राजनीतिक दबाव के चलते
मामले को रफा दफा कर दिया गया था।<br /> <b><br />इन सभी कंपनियों को जान लेते हैं -<br /><br />साउथ ईस्टर्न कोलफील्ड्स लिमिटेड (एसईसीएल) का परिचय :</b> <br />साउथ
ईस्टर्न कोलफील्ड्स लिमिटेड देश की सबसे बड़ी कोयला उत्पादक कंपनी है।
साउथ ईस्टर्न कोलफील्ड्स लिमिटेड के कोयला भंडार दो राज्यों में फैले हुए
हैं, छत्तीसगढ़ और मध्य प्रदेश। कोयला प्लांट के अलावा छत्तीसगढ़ राज्य में
मध्य प्रदेश राज्य में कंपनी के 35 माइंस और 54 खानों के साथ कुल 89 खानों
में कोयले का काम कर रही है। कोल इंडिया लिमिटेड से पट्टे के आधार पर
पश्चिम बंगाल में दनकुनी कोयला परिसर (डीसीसी)। प्रभावी प्रशासनिक
नियंत्रण और संचालन के लिए खानों को तीन कोलफील्ड्स में वर्गीकृत किया गया
है।<br /><b><br />13 ऑपरेटिंग क्षेत्रों के साथ</b><br />मध्य भारत कोलफील्ड्स (सीआईसी),<br />कोरबा कोलफील्ड्स और<br />मंड-रायगढ़ कोलफील्ड्स।<br /> <br /><b>ए - मध्य भारत कोलफील्ड्स</b><br />चिरमिरी क्षेत्र<br />बैकुण्ठपुर क्षेत्र<br />बिश्रामपुर क्षेत्र<br />हसदेव एरिया<br />भटगांव क्षेत्र<br />जमुना और कोटमा क्षेत्र<br />सोहागपुर क्षेत्र<br />जोहिल्ला जोहिल्ला क्षेत्र<br /> <br /><b>बी - कोरबा कोलफील्ड्स</b><br />कोरबा क्षेत्र<br />कुसमुण्डा क्षेत्र<br />दीपिका क्षेत्र<br />गेवरा क्षेत्र<br /> <br /><b>सी - मंड-रायगढ़ कोलफील्ड्स</b><br />रायगढ़<br />जलकर कोयला संयंत्र परिसर<br />धनकुनी कोयला संयत्र, पश्चिम बंगाल।<br /><br /><b>आर्यन कोल बेनिफिकेशन (एसीबी) परिचय :</b><br />मेसर्स
आर्यन के सन् 1998-99 में 12 एकड़ में वाशरी स्थापित करने हेतु दी गई थी।
यह भूमि सीएमपीडीआई के अप्रूव्ड प्लान उपरोक्त भूमि ओवर बर्डन के लिए
आरक्षित थी, इसके अलावा एसईसीएल की प्रगति नगर कालोनी इस वाशरी से सिर्फ
100 मीटर दूरी पर स्थित थी, जिसमें 700 परिवार रहते हैं। अतएव उपरोक्त
कारणों से यह भूमि उपयुर्क्त नहीं थी किन्तु गेवरा-दीपिका खदान के बीच में
स्थित होने से कोयले की हेराफेरी की दृष्टि से अत्यधिक उपयुर्क्त थी। अतएव
सभी नियमों को ताक पर रखकर भूमि आवंटित कर दी गई। <br />
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<br /><b>एसटीसीएलआई से परिचय :</b><br />सर्वेस
कोल इंडिया लिमिटेड (एसटीसीएलआई) कोल वाशरी का संचालन हैदराबाद के डॉक्टर
मोहन राव द्वारा किया जाता है जो कि अप्रवासी भारतीय बताए जाते हैं।<br /><b><br />रिजेक्ट कोयले की घटना पर नज़र डालते हैं :</b><br />दरअसल
खनिज विभाग को सूचना प्राप्त हुई थी कि कोल वाशरी से 25 ट्रक कोयला लदाकर
निकले हैं जिनमें रिजेक्ट कोयले के नाम पर उच्च गुणवत्ता वाला स्टीमकोयला
लादा गया है। जिससे जिला खनिज अधिकारी महिपाल सिंह कंवर के नेतृत्व में
सुबह तड़के पाली मुख्य मार्ग पर खनिज जांच नाके पर ट्रकों को रोका गया था,
जिसमें 4 ट्रकें संदिग्ध पाई गई थी। ट्रक क्रमांक सीजी 10 ए 6211 (चालक
फूलचंद), सीजी 10 ए 6212 (चालक महेश पाल), सीजी 10 ए 5551 (चालक दशरथ सिंह)
और सीजी 10 ए 5559 (चालक शिवदास) पकड़ी गई थी। ट्रकों के चालकों ने बताया
था कि रतिजा स्थित एसईसीएल कोल वाशरी से कोयला लादा गया था। सभी ट्रक
दीपिका के निकट झाबर से संचालित वर्धमान रोड लाइसं की थी। सभी ट्रक
मुनगाडीह स्थित खनिज विभाग के जांच नाके ले गए तथा सुरक्षा में खड़ा किया।
चारों ट्रक चालकों का बयान भी लिया। <br /><br />जांच के लिए रोके गए चारों
ट्रकों और उसमें लदे कोयले की जब्ती के लिए पंचनामा तक बनाया गया था और
चारों ट्रकों से सेम्पल लेकर बिलासपुर स्थित अधिकारिक प्रयोगशाला में जांच
के लिए भेजा गया था, जिसकी पुष्टि खनिज अधिकारी ने की थी। जिन दोनों कोल
वाशरियों से कोयले का परिवहन किया गया था उनको कारण बताओ नोटिस जारी कर
जवाबतलब किया और जांच रिपोर्ट आने के बाद आगे की कार्रवाई करने की योजना
थी। <br /><br />विभाग ने जब्त किए कोयले का मूल्य अनुमानित 59 हज़ार से अधिक
बताया था। प्रत्येक ट्रक में 25-25 टन कोयला लदा हुआ पाया गया था। इसमें यह
भी ज्ञात हुआ था कि कोयला, एसईसीएल की कतिपय दीपिका खदानों से रिजेक्ट
श्रेणी के नाम पर लिया गया था, इसलिए एसईसीएल की भूमिका इसमें संदिग्ध
मानी गई थी।<br /><br />ट्रक चालकों ने कहा था कि कुछ ट्रक बिलासपुर के परसदा
में पहुंचाना था तथा कुछ ट्रकें महावीर कोल ट्रेडर्स, धरसींवा, रायपुर में
पहुंचाना था। तथा नाके पर खनिज विभाग के पहुंचने से पहले ही 21 ट्रकें निकल
चुकी थी और इसीलिए मात्र 4 ट्रकें ही पकड़ में आई थी। यह पहला मौका था जब
कोल वाशरी से रिजेक्ट कोयले की आड़ में होने वाली अफरा तफरी पर खनिज विभाग
ने कार्रवाई की थी जबकि ऐसी शिकायतें खनिज विभाग के पास बराबर मिलती थी और
आज भी मिल रही है मगर कार्यवाही एक बार के बाद दोबारा कभी भी नहीं की गई।<br /><br />काबिलेगौर
है कि एसटीसीएलआई कोल वाशरी से रवाना हुई ट्रकों में 3 ट्रकों के चालक के
पास मिले कागजातों में खनिज विभाग द्वारा कोल वाशरी को रिजेक्ट कोल के
परिवहन हेतु जारी किए गए ट्रांजिट पास क्रमांक 426/54, 426/62, 426/72 व
सभी 8 फरवरी 2007 और एसीबी कोल वाशरी से निकली ट्रक के चालक से मिले थे।<br /><br />-नियमों
के अनुसार शिकायत सही पाई जाती तो इस राशि के अलावा दंड भी अधिभारित किया
जाता। मगर राजनीतिक दबाव व भ्रष्टाचार के चलते सेटिंग करके मामले को रफादफा
कर दिया गया था। महत्वपूर्ण तथ्य यह भी है कि रिजेक्ट कोल के नाम पर
खदानों से निकला कोयला रूपये 80/- प्रतिटन बेचा जाता है और वहीं धुला अथवा
नंबर-1 के कोयले की कीमत 4 हजार रुपये प्रतिटन से भी अधिक है।<br /><br />-रिजेक्ट
कोयले के खेल में एमओयू का खुला उल्लंघन किया गया था। क्योंकि जानकारी के
मुताबिक, एसीबी वाशरी के संचालन हेतु एसईसीएल तथा वाशरी प्रबंधन के मध्य जो
एमओयू साइन हुआ था, उसकी शर्तों में यह साफतौर पर लिखा हुआ है कि "वाशरी
वाश कोल तथा रिजेक्ट कोल को उसी पार्टी को आपूर्ति करेगी। वाशरी न तो वाश
कोल और न ही रिजेक्ट कोल को किसी अन्य पार्टी को बेच सकती है। इस तरह से यह
जो प्रकरण सामने आया, वह साफतौर पर यह बताता है कि एमओयू का वाशरी प्रबंधन
द्वारा खुला उल्लंघन किया गया था। मगर इस उल्लंघन पर एसीबी और एसटीसीएलआई
वाशरी के प्रबंधन ने इस पर कभी कुछ भी नहीं बोलते हैं।<br /><br />
एक नज़र
महिपाल सिंह कंवर, जिला खनिज अधिकारी, कोरबा के बयान पर डालते हैं जिनमें
उन्होंने बताया था कि वाशरी से भेजे जा रहे कोयले में रिजेक्ट कोयले की आड़
में अफरा तफरी की शिकायत मिली थी, जिस पर कार्रवाई की गई थी। जांच में
प्रथम दृष्टया शिकायत तथ्यपूर्ण प्रतीत हुई थी। जांच हेतु सेम्पल की
रिपोर्ट आने के बाद आगे की कार्रवाई की जाएगी। वर्तमान में खान एवं खनिज
अधिनियम की धारा 21 के तहत अवैध परिवहन का प्रकरण दर्ज किया गया था। कोयले
से भरे ट्रक जब्त किए गए थे। एसीबी तथा एसटीबीएसईएस कोल वाशरी को शो काज
नोटिस भी जारी किया गया था। मगर कार्यवाही इसके आगे नहीं बढ़ पाई। क्यों
नहीं बढ़ पाई? इसका जवाब वो नहीं दे पाए। पर आप इतने समझदार तो होंगे ही कि
जवाब खुद समझ जायेंगे।<br /><b>साभार - <br />रायपुर<br />कोरबा 24 अक्टूबर 2015 (जावेद अख्तर). <br />http://www.khulasatv.com/2015/10/26_25.html#</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-54911743141592049482015-08-22T16:31:00.000+05:302015-08-22T16:31:08.187+05:30Chit Fund Means in India : Few Points about Scam of Lakhs of Crores <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: large;"><span style="color: orange;"><b><span style="font-family: "Arial","sans-serif";">“Why Government is not nabbing all the
directors of errant companies, who fled away with poor people’s hard earn money?
<span> </span>They all should be behind the bars
first, same as in the case of Sahara India, then start recovery process.” Virendra
Pandey, Chief Promotor, Yuva Shakti Pratishthan</span></b></span></span></div>
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<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJZFE3tYm2T5XL7IATSa96lN9mkj_KzPXy0CVQqf42ZFGuu-p8tqshpRvW7MzErypOgnhZZsBLJmtqPOj3AaSlh3X8N7SeZ0SMsSO9DTCJ4o9AzeuJGJTBdZj6eJ7jKLJGjgoXYftMF7Q/s1600/Virendra+Pandey+BJP+Photo20150822_155626.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" height="480" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJZFE3tYm2T5XL7IATSa96lN9mkj_KzPXy0CVQqf42ZFGuu-p8tqshpRvW7MzErypOgnhZZsBLJmtqPOj3AaSlh3X8N7SeZ0SMsSO9DTCJ4o9AzeuJGJTBdZj6eJ7jKLJGjgoXYftMF7Q/s640/Virendra+Pandey+BJP+Photo20150822_155626.jpg" width="640" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><b>Mr. Virendra Pandey : A Crusader To Stop The Chit Fund Menace </b> </td></tr>
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<span style="color: blue;"><b><span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Mr. Virendra Pandey wrote an article,
in which he is questioning to the government for recovery of poor citizen’s
money looted by the chit fund companies of India. He emphasis on size of the
scam not only in the financial aspects but huge hawala transactions and black money
generated and stashed abroad. He also says that government should form an SIT
and investigate this scam. Here is the full article:</span></b></span></div>
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<span style="color: red;"><b><span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Illegal CIS Menace </span></b></span></div>
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<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I have come to know that general public
and small / medium investors invested their hard earned money in various “quick
earn and quick make rich schemes” with higher returns and various incentive
promised by companies for promoting products / services wherein a person has to
become a member / agent or in other words buy a product to become an agent
(interpreted by different names by different companies) and make more members
under them and sell the company’s products / services as it was sold to him for
which he is offered a hefty commission and incentives thus expanding their
tentacles faster and raking in money in hundreds and thousands of crores
through MLM / network marketing route and promoting themselves as sale/
purchase or service provider company and circumventing the law of CIS scheme.</span></div>
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<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">After receiving various complaints, I
conducted a detailed investigation through our financial and legal experts in
the workings and financials claims done by various companies Like PACL, SAIPRASAD
GROUP, SAIPRAKASH GROUP, SAMRUDDHA JIVAN Etc. and we have come to the
conclusion that there are huge financial irregularities running into thousands
of crores and all the claims made by your company through the directors and
agents are absolutely false baseless and frivolous. </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8a1dF_KGZhRm36l2xduxtounYnBODL5EQIiNwrFlws1NUUrhV_S4fA_-E3_wZmNX_Y3hV9tPtIRFvdqOSFK59uuecIAuoPBjbOCQzu-YsJJd3P1-Tbpq6n0unjgvS2en-4TZuSwZ2gvI/s1600/PACL+Letter+to+CM+Maharashtra+by+Virendra+Pandey_20150822_155857-1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8a1dF_KGZhRm36l2xduxtounYnBODL5EQIiNwrFlws1NUUrhV_S4fA_-E3_wZmNX_Y3hV9tPtIRFvdqOSFK59uuecIAuoPBjbOCQzu-YsJJd3P1-Tbpq6n0unjgvS2en-4TZuSwZ2gvI/s320/PACL+Letter+to+CM+Maharashtra+by+Virendra+Pandey_20150822_155857-1.jpg" width="227" /></a></div>
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<span style="color: red;"><b><span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Do PACL has 60 Lakhs 43 Thousand 388
Sq. Acras Land Bank?</span></b></span></div>
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<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">We, gave them an opportunity of being
heard by sending notices through our advocates, but there was no reply from
them till date we started submitting our finding with law enforcement agencies
and now even Security and Appellate Authority has dismissed there claim and
ordered PACL TO REFUND Rs. 49,100 CRORES to the 5.85 CRORES CUSTOMERS. Therefore
a question arises if the PACL has collected money from 5.85 CRORES CUSTOMERS @
7500/- per unit then where has the money gone because as per SAT order each
customer will get only Rupee 839.31 that to I doubt if the company has
sufficient asset to return it. </span></div>
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<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">As per my calculations, if PACL handed over the
500 Sq. Yards land piece for Rs. 7,500 investment, and if there are 5.85 crores
inventors, they must hold a land bank of approximate in the size of <b>29,25,00,00,000
Sq. Yards</b> land. This is approximate <b>60 Lakhs 43 Thousand 388 Sq. Acras</b>. </span></div>
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<span style="color: red;"><b><span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Tons of Questions, No Answers</span></b></span></div>
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<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked how much land with clear
marketable title is in possession of your company as on 31st December 2014
along with supported documents state wise.</span></div>
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<br /></div>
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<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked how many plot holders do
they have as on 31st December 2014 provide list State wise? Which now it is
clear by the order of SAT that PACL has 5.85 crores.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">PACL has collected more than Rs.40000
crores, I had asked PACL list of people from whom they had collected the amount
state wise?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitbfktGGcmQ_hWnqLNOAkgdffgvQapt4W5MwbeaxnZBFJoy5i_AqeF1-wYANgxX9YuEtqJzRLjVOY0TRFbXP5oSIgGPW10TzT801P9WCYfow_KdvjVv2QF9KFyX5U2Vuu8NN1kkpsB3HM/s1600/PACL+Letter+to+CM+Maharashtra+by+Virendra+Pandey_20150822_155912-1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitbfktGGcmQ_hWnqLNOAkgdffgvQapt4W5MwbeaxnZBFJoy5i_AqeF1-wYANgxX9YuEtqJzRLjVOY0TRFbXP5oSIgGPW10TzT801P9WCYfow_KdvjVv2QF9KFyX5U2Vuu8NN1kkpsB3HM/s320/PACL+Letter+to+CM+Maharashtra+by+Virendra+Pandey_20150822_155912-1.jpg" width="230" /></a></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked how many farm houses do PACL
possess State wise details.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked whether farm houses are
operative?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked why you take Power of
Attorney from customer on blank paper.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked why registration Letter,
Allotment Letter etc. are issued on letter head of company, instead of any
government letter or stamp paper?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had pointed and demanded PACL company
officials about their Auditor of your company has observed that there a
discrepancies regarding title and ownership of land, requested give us complete
list of such property.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had requested the company to give us
complete list of advances paid for purchase of land along with location of plot
and owner/sellers/authorized persons, name to which advances have been paid.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked why has PACL made
investments in 100’s of companies like MDLR/ blue coast resorts etc which has
no business revelation with the objectives of PACL and is nowhere mentioned in
the j/v cum investment agreement of the investors/agent.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked why has directors of PACL
and subsidiary companies entered into 100’s of companies in which funds from PACL
or its subsidiaries was infused or invested and after some time this directors
got retired and went on in some other company doing the same modus-operandi, what
is the status of funds which was invested into such companies as this invested
funds were collected from lakhs of small and medium investors/agent from across
the country in the name of j/v in property development business I shall now
right to various law enforcement agencies to enquire the assets and properties
of all the directors associated with PACL and its subsidiaries where they have
entered and resigned.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked to give us list of complete
advances for purchase of land, which are doubtful in the opinion of your
company auditor.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked to give us list of loans
and advances. Do you receive interest on such advances? Have you taken any
permission for granting any such loan from the investors, if yes give us
details?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had asked Why PACL has paid
commission and incentive in advance? Give us the complete list of commission
and incentive paid in advances and purpose why it is given in advance? Also
please provide us the copy of TDS deducted by PACL from the commissions and
incentives paid.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqr3WmMy6YIMPxkwz4hI8zn1HdSCjdghF4PN6KAsUaFJyy2tz9PsO5qUOMRjQzE0BZjfYF0sRWQhLI-tB17bGSR-zwtmUuH3Y9_uS-NV95NtQfJjbz_oy_6zZJeJmQteNm6IsKbNn5XVE/s1600/PACL+Letter+to+CM+Maharashtra+by+Virendra+Pandey_20150822_155934-1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqr3WmMy6YIMPxkwz4hI8zn1HdSCjdghF4PN6KAsUaFJyy2tz9PsO5qUOMRjQzE0BZjfYF0sRWQhLI-tB17bGSR-zwtmUuH3Y9_uS-NV95NtQfJjbz_oy_6zZJeJmQteNm6IsKbNn5XVE/s320/PACL+Letter+to+CM+Maharashtra+by+Virendra+Pandey_20150822_155934-1.jpg" width="226" /></a></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: red;"><b><span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Fooling Government and Investors in the
Name Of Development of Land</span></b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I had further observed that PACL give’s
service of development, maintenance, custodian caretaker of the plot which you
allot to its investors/agent at a price with a guaranteed high returns thus
providing your expertise as service to your clients and do any sale why you
should not be termed as service provider and government should not collect
service tax from you?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: red;"><b><span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Why Fund Transfer to Australia?</span></b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">It was further noticed by me that huge
amount of funds was transferred to Australia without the permissions of the investors/agents
of company thus indulging into illegal trade practice and also may be money
laundering.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: red;"><b><span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Where is the Land?</span></b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">As per the opinion report submitted by
my financial expert I doubt that the company does not have sufficient clear
marketable land as it shows in the books of account and as shown that they have
allotted.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="color: red;"><b><span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Fake Land Dealing by Company</span></b></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I have sufficient proof that you have
indulged into fabricating of fraud property documents through your front people
and office bearers to purchase fraudulently force fully properties and register
properties in Raigad district by producing dummy vendor? </span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;"></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I think that by playing the number game
of companies and rotating funds from one company to another company and further
in some other company you have purpose fully tried to siphoned thousands of crores
of hard earned invested funds of the investors/customers/agents and may have
transferred it to Australia by illegal means.</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">I also found that the advances for
purchase of land to the tune of Rs1484.63 crores have been paid which seems to
be doubtful in nature. Please provide the necessary documents of the parties to
whom the advances where paid and for which land?? </span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">In the opinion taken their financial
experts they have found out that a total amount of 2892.99 crores have been
invested in a shady manner my client would like to know the details of
investment, name and address of parties to whom the funds were given and
purpose of transaction?</span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span style="font-family: "Arial","sans-serif"; mso-bidi-font-size: 9.5pt;">Let’s end the Chit Fund menace… Let’s
begin the war against financial loot by the crooks in the disguise in the corporate
companies. </span></div>
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<br /></div>
</div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com1tag:blogger.com,1999:blog-6942394809520131246.post-46721391773810875092014-09-23T20:30:00.000+05:302014-09-23T20:30:50.629+05:30ज्वाइंट वेंचर के नाम पर एक और कोयला घोटाला<div dir="ltr" style="text-align: left;" trbidi="on">
मान लीजिए, आप दावत देना चाहते हैं, उसके लिए राशन एवं अन्य आवश्यक सामान खरीद कर लाते हैं, बावर्ची को बुलाते हैं और उससे भोजन तैयार करने को कहते है. इस काम के बदले बावर्ची आपसे एक तयशुदा रकम लेता है. यह तो हुई एक आम कहानी. अब एक खास कहानी. मान लीजिए, बावर्ची आपसे कहे कि वह भोजन तैयार करने का मेहनताना तो लेगा ही, साथ ही तैयार भोजन का पचास फ़ीसद या उससे भी ज़्यादा हिस्सा अपने साथ ले जाएगा, तो जाहिर है कि आप ऐसी शर्त कभी नहीं मानेंगे, क्योंकि कोई भी समझदार आदमी बावर्ची को भोजन तैयार करने का मेहनताना तो दे सकता है, पर उसके साथ 50 फ़ीसद भोजन नहीं बांट सकता. <br /><br />लेकिन, एक लाख छियासी हज़ार करोड़ रुपये के कोयला घोटाले के बाद भी चल रहे एक और कोयला घोटाले में यही शर्तें लागू हैं. नतीजतन, कई राज्य सरकारें हज़ारों करोड़ रुपये का नुक़सान जानबूझ कर उठा रही हैं. वे ज्वाइंट वेंचर बनाकर निजी कंपनियों को फ़ायदा पहुंचा रही हैं. <br />
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<br />यह पूरी कहानी समझने के लिए दो उदाहरण लेते हैं, राजस्थान एवं छत्तीसगढ़ का. समझते हैं कि राजस्थान एवं छत्तीसगढ़ में अडानी और ज्वाइंट वेंचर के जरिये हज़ारों करोड़ रुपये के कोयले की लूट कैसे हो रही है.<br /><br /><b>सबसे पहले बात करते हैं छत्तीसगढ़ सरकार की. </b><br />केंद्र सरकार ने कई राज्य सरकारों को कोल ब्लॉक आवंटित किए थे. उक्त आवंटन इसलिए किए गए थे, ताकि राज्य सरकारें लगभग मुफ्त में मिले कोयले से सस्ती बिजली का उत्पादन करें और उससे आम आदमी को फ़ायदा मिल सके. लेकिन, इसके बिल्कुल उलट हो रहा है. राज्य सरकार यहां भी निजी कंपनियों के चंगुल से बाहर नहीं निकल सकीं. <br /><br />छत्तीसगढ़ स्टेट पावर जेनरेशन कंपनी लिमिटेड (सीएसपीजीसीएल) को 2006 में भारत सरकार के कोयला मंत्रालय द्वारा मारवा थर्मल पावर प्रोजेक्ट के लिए परसा कोल ब्लॉक आवंटित किया गया.<br /><br /><b>2012 तक 1549.06 करोड़ रुपये का ऩुकसान</b><br />पारसा कोल ब्लॉक में 172.30 मीट्रिक टन कोयला है. एसईसीएल ने एफ ग्रेड की क़ीमत 570 रुपये/टन, ई ग्रेड की क़ीमत 730 रुपये/टन और डी ग्रेड की क़ीमत 880 रुपये/टन निर्धारित की थी. यानी एफ ग्रेड की क़ीमत आधार बनती, तो डी ग्रेड के कोयले पर 310 रुपये/टन, ई ग्रेड के कोयले पर 160 रुपये/टन की बचत सरकार को होती, लेकिन कोल प्राइसिंग की शर्तें बदलने से सरकार को नुक़सान हुआ. दरअसल, टेंडर के प्राइस खोले जाने से पहले सीएसपीजीसीएल ने टेंडर के लिए आवेदन करने वाली कंपनियों की बैठक बुलाई थी, जिसमें एईएल ने कहा कि निकाले जाने वाले कोयले की वास्तविक श्रेणी के आधार पर कोयला देने की क़ीमत तय हो. <br /><br />इससे हुआ यह कि एफ ग्रेड वाली शर्त बदल गई. चूंकि इस इलाके में डी और ई ग्रेड का कोयला ज़्यादा है और उसकी क़ीमत एफ ग्रेड से ज़्यादा होती है. अडानी को वास्तविक श्रेणी के कोयले का मूल्य मिला, न कि पहले की शर्त के मुताबिक सभी श्रेणी के कोयले के लिए एफ ग्रेड का मूल्य. सीएसपीजीसीएल ने अडानी इंटरप्राइजेज लिमिटेड के कहे अनुसार कोल माइनिंग शुल्क के भुगतान संबंधी शर्त में संशोधन कर दिया. <br /><br />इसके अनुसार जिस श्रेणी का कोयला निकाला जाएगा, उसी श्रेणी के कोयले की एसईसीएल द्वारा तय क़ीमत के आधार पर माइनिंग शुल्क दिया जाएगा. नतीजतन सीएजी के मुताबिक, राज्य सरकार को 1549.06 करोड़ रुपये का नुक़सान उठाना पड़ा. हालांकि सीएजी की यह रिपोर्ट 2012 की है और जेवी के तहत यह खेल अभी तक चल रहा है. इस हिसाब से यह नुक़सान अब तक क़रीब पांच हज़ार करोड़ रुपये के आंकड़े को छू चुका होगा.<br /><br />सीएसपीजीसीएल ने अपने बोर्ड ऑफ डायरेक्टर की बैठक, जो जून 2008 में हुई थी, में एक फैसला लिया. यह फैसला था ज्वाइंट वेंचर (जेवी) बनाने का, ताकि आवंटित ब्लॉक से कोयले का खनन किया जा सके. फरवरी 2009 में कंपनी ने जेवी पार्टनर के लिए टेंडर निकाला. टेंडर की शर्तों के मुताबिक, जेवी पार्टनर वही हो सकता था, जो कोल इंडिया लिमिटेड या साउथ ईस्टर्न कोलफील्ड लिमिटेड के कोयले की क़ीमत से कम क़ीमत पर कोयला दे. एसईसीएल (साउथ ईस्टर्न कोलफिल्ड लिमिटेड), एमएमटीसी (मेटल्स एंड मिनरल्स ट्रेडिंग कॉरपोरेशन ऑफ इंडिया लिमिटेड) और एईएल (अडानी इंटरप्राइजेज लिमिटेड) ने जेवी के लिए आवेदन किया. <br /><br />ग़ौरतलब है कि एसईसीएल एवं एमएमटीसी भारत सरकार की कंपनियां हैं और अडानी इंटरप्राइजेज एक निजी कंपनी है, जिसके मालिक गौतम अडानी हैं. अंत में 19 अक्टूबर, 2009 को अडानी इंटरप्राइजेज लिमिटेड (एईल) को जेवी पार्टनर चुन लिया गया. अडानी ने सीआईएल एवं एसईसीएल के कोयले की क़ीमत से तीन प्रतिशत कम क़ीमत पर कोयला देने की बात कही थी.<br /><b><br />सुप्रीम कोर्ट ने क्या कहा</b><br />सुप्रीम कोर्ट ने याचिका संख्या 120/2012 पर सुनवाई करते हुए बीते 25 अगस्त को अपना फैसला सुनाया. सुप्रीम कोर्ट ने 1993 से 2010 के बीच हुए सारे कोल ब्लॉक आवंटन रद्द कर दिए. अपने 163 पेज के ़फैसले में अदालत ने कहा है कि यह कोल माइंस नेशनलाइजेशन एक्ट के ख़िलाफ़ है कि केंद्र सरकार राज्य को कमर्शियल माइनिंग की अनुमति दे. चौथी दुनिया से बात करते हुए एनर्जी एक्सपर्ट एवं सामाजिक कार्यकर्ता सुदीप श्रीवास्तव कहते हैं कि जब सुप्रीम कोर्ट ने सारे कोल ब्लॉक आवंटन अवैध ठहरा दिए हैं, तो ऐसे में राज्य सरकार द्वारा किए गए सारे ज्वाइंट वेंचर और एमडीओ कांट्रैक्ट भी अपने आप अवैध माने जाएंगे. <br />
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<br />इस हिसाब से देखें, तो राजस्थान एवं छत्तीसगढ़ समेत अन्य राज्य सरकारों द्वारा निजी कंपनियों के साथ बनाए गए ज्वाइंट वेंचर्स को तत्काल प्रभाव से काम बंद कर देना चाहिए. साथ ही सीएजी को यह पूरा मामला इकट्ठा करके बताना चाहिए कि ज्वाइंट वेंचर के नाम पर इन निजी कंपनियों ने कितने हज़ार या कितने लाख करोड़ रुपये का चूना इस देश को लगाया है. यह इसलिए भी ज़रूरी है, क्योंकि अकेले छत्तीसगढ़ के लिए सीएजी की रिपोर्ट के मुताबिक, 2012 तक छत्तीसगढ़ सरकार को क़रीब 1550 करोड़ रुपये का ऩुकसान हो चुका है. <br /><br />ऐसे में अगर अन्य राज्यों में ज्वाइंट वेंचर के जरिये हुए ऩुकसान को, वह भी आज की तारीख तक, जोड़ दिया जाए, तो नुक़सान का यह आंकड़ा बहुत बड़ा हो सकता है.<br /><br /><b>अब असल कहानी इसके बाद शुरू होती है. </b><br />जुलाई 2010 में छत्तीसगढ़ स्टेट पावर जेनरेशन कंपनी लिमिटेड (सीएसपीजीसीएल) और अडानी इंटरप्राइजेज लिमिटेड (एईएल) के बीच एक ज्वाइंट वेंचर बना, जिसका नाम है, सीएसपीजीसीएल एईएल पारसा कोलियरीज लिमिटेड. इस जेवी में सीएसपीजीसीएल के पास 51 फ़ीसद शेयर थे और एईएल के पास 40 फ़ीसद. <br /><br />आश्चर्य की बात यह है कि सीएसपीजीसीएल को कोल ब्लॉक मुफ्त में मिला था, उसे केवल खनन करके कोयला बाहर निकालना था. जाहिर है, यह काम कोई भी खनन कंपनी खनन की क़ीमत लेकर कर सकती थी, लेकिन सीएसपीजीसीएल ने कोयले के बाज़ार भाव पर अडानी इंटरप्राइजेज लिमिटेड से समझौता करके ज्वाइंट वेंचर बनाया, साथ ही उसे 40 फ़ीसद शेयर भी दे दिए और अपना ही कोयला उसने अडानी से बाज़ार भाव से स़िर्फ तीन फ़ीसद कम क़ीमत पर खरीदा. यानी अडानी को इस पूरे मामले में बिना कोल ब्लॉक मिले, स़िर्फ खनन करने के काम से वह फ़ायदा मिला, जो राज्य सरकार मुफ्त में मिले कोल ब्लॉक से नहीं उठा सकी. जाहिर है, <br /><br />इस हिसाब से अगर सीएजी नुक़सान का अंदाजा लगाए, तो यह नुक़सान हज़ारों करोड़ का हो सकता है. ऐसे में सवाल उठता है कि इस तरह के ज्वाइंट वेंचर के पीछे राज्य सरकार की भूमिका क्या थी? सीएजी ने अपनी रिपोर्ट में कहा है कि एक बार जब टेंडर की शर्त में एफ ग्रेड कोयले की क़ीमत को आधार बना दिया गया, तब अडानी इंटरप्राइजेज लिमिटेड के कहने पर संशोधन क्यों किया गया? <br /><br />सीएजी ने बताया है कि सीएसपीजीसीएल को यह जानकारी थी कि उसके पास डी और ई ग्रेड कोयले की मात्रा अधिक है. इसका मतलब यह हुआ कि सरकार ने जानबूझ कर, टेंडर में पहले बनाए गए एफ ग्रेड कोयले की क़ीमत (जो कम होती है) के आधार को अडानी के कहने पर बदल दिया. जाहिर है, इससे रमन सिंह सरकार की मंशा पर भी सवाल उठता है कि आख़िर किसके दबाव में रमन सिंह सरकार ने टेंडर के नियमों में फेरबदल किया?<br /><br /><span style="color: red;"><b>ज्वाइंट वेंचर के नुक़सान</b></span><br />
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<li><span style="color: red;"><b>अगर जेवी की ज़रूरत थी, तो यह कोयला निकालने वाली कंपनी के साथ होना चाहिए.</b></span></li>
<li><span style="color: red;"><b>समझौता खनन लागत पर होना चाहिए था, न कि बाज़ार भाव पर.</b></span></li>
<li><span style="color: red;"><b>कोल ब्लॉक मुफ्त मिला, फिर भी सरकार ने बाज़ार भाव से स़िर्फ तीन प्रतिशत कम क़ीमत पर अपना ही कोयला अडानी से खरीदा.</b></span></li>
<li><span style="color: red;"><b>जो मुनाफ़ा सरकार को होना चाहिए था, वह अडानी के खाते में चला गया.</b></span></li>
<li><span style="color: red;"><b>प नतीजतन, सरकार को नुक़सान उठाना पड़ा और जनता को सस्ती बिजली भी नहीं मिली.</b></span></li>
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<br />अब जरा एक नज़र राजस्थान विद्युत ऊर्जा निगम लिमिटेड (आरवीयूएनएल, राज्य सरकार का एक उपक्रम) पर भी डालते हैं. <br /><br />छत्तीसगढ़ जैसा ही एक ज्वाइंट वेंचर राजस्थान विद्युत ऊर्जा निगम लिमिटेड ने भी अडानी इंटरप्राइजेज के साथ किया है. इसकी भी कहानी बहुत हद तक छत्तीसगढ़ जैसी है. <br /><br />सर्वविदित है कि कोयला मंत्रालय राज्यों को सस्ती बिजली के उत्पादन के लिए कोल ब्लॉक देता है. 2007 में कोयला मंत्रालय ने राजस्थान विद्युत ऊर्जा निगम लिमिटेड को भी दो कोल ब्लॉक दिए थे, ये कोल ब्लॉक भी छत्तीसगढ़ में स्थित हैं. छत्तीसगढ़ के हसदेव में दो कोल ब्लॉक-पारसा ईस्ट और केंटे बेसिन आरवीयूएनएल को आवंटित किए गए थे. आरवीयूएनएल ने भी बजाय स़िर्फ खनन का काम कराने (खनन की क़ीमत देकर) के अडानी के साथ ज्वाइंट वेंचर किया. अच्छा तो यह होता कि राजस्थान विद्युत ऊर्जा निगम लिमिटेड (आरवीयूएनएल) खुद या किसी सरकारी एजेंसी से कोल माइनिंग का काम कराता. मान लीजिए, यह भी संभव नहीं था, तो राजस्थान विद्युत ऊर्जा निगम लिमिटेड यह काम किसी ऐसी निजी कंपनी से कराता, जिसे केवल खनन क़ीमत यानी माइनिंग चार्ज देना पड़ता.<br /><br />जानकारी के मुताबिक, लेकिन ऐसा कुछ भी नहीं हुआ. इसके उलट, आरवीयूएनएल ने 2008 में अडानी इंटरप्राइजेज से समझौता किया और दोनों ने मिलकर एक ज्वाइंट वेंचर बनाया, जिसका नाम था, पारसा केंटे बेसिन कोलियरीज लिमिटेड. इसके बाद अडानी इंटरप्राइजेज की सहायक कंपनी अडानी माइनिंग प्राइवेट लिमिटेड ने पारसा केंटे बेसिन कोलियरीज लिमिटेड (पीकेसीएल) के साथ माइनिंग के लिए एक समझौता किया. प्राप्त जानकारी के मुताबिक, इस ज्वाइंट वेंचर में 74 फ़ीसद हिस्सेदारी अडानी को मिली और 26 फ़ीसद हिस्सेदारी आरवीयूएनएल को. आप खुद अंदाजा लगाइए कि जब कोल ब्लॉक आरवीयूएनएल को सस्ती बिजली बनाने के लिए लगभग मुफ्त मिले थे, तब ऐसे में 74 फ़ीसद शेयर अडानी को क्यों दे दिए गए? <br /><br />इस ज्वाइंट वेंचर के मुताबिक अडानी के हिस्से में भूमि अधिग्रहण, माइनिंग, कोल वाशरी प्लांट की स्थापना, ट्रांसपोर्टेशन के लिए रेल लाइन (सरगुजा रेल कॉरीडोर) बिछाने और कोल वाशरी रिजेक्ट्स का (निम्नस्तरीय कोयला) खुद के पावर प्लांट के लिए इस्तेमाल करने की बात थी. इन दोनों कोल ब्लॉक की क्षमता 450 मिलियन टन है.<br /><br />अब आप यह समझिए कि आख़िर कोयले की लूट का यह खेल कैसे खेला गया? जानकारी के मुताबिक, अडानी माइनिंग प्राइवेट लिमिटेड को कोयला खनन का खर्च 250 रुपये प्रति टन आता है. अडानी माइनिंग इसे ज्वाइंट वेंचर पीकेसीएल को बेचती है 675 रुपये प्रति टन के हिसाब से. इसके बाद जेवी यही कोयला आरवीयूएनएल को प्रति टन 736 रुपये के हिसाब से बेचता है. यह बाज़ार मूल्य (कोल इंडिया के रेट) से 64 रुपये यानी 8 फ़ीसद कम है. यही 64 रुपया मुनाफ़ा है इस जेवी का. <br /><br />इस मुना़फे में से 74 फ़ीसद अडानी और 26 फ़ीसद आरवीयूएनएल का है. यानी आरवीयूएनएल के हिस्से में मुनाफ़ा आता है प्रति टन 16 रुप. दूसरी तरफ़ अगर आरवीयूएनएल खनन लागत के आधार पर कोयला लेती, तो उसे किसी भी खनन कंपनी को प्रति टन कोयले के लिए स़िर्फ 250 रुपये प्रति टन देना पड़ता. यानी अभी खरीदे जा रहे कोयले की क़ीमत के मुकाबले 500 रुपये प्रति टन से अधिक का फ़ायदा होता. लेकिन, ज्वाइंट वेंचर की यही महिमा है कि आरवीयूएनएल अपना ही कोयला किसी और से 500 रुपये प्रति टन अधिक देकर खरीद रहा है.<br /><br />जाहिर है, सरकार या सीएजी इस मसले पर अभी भी गंभीरता से नहीं सोच रही है, लेकिन ज्वाइंट वेंचर के इस खेल को लेकर सवाल तो उठते ही हैं. एक सबसे बड़ा सवाल है कि अडानी को किस आधार पर छत्तीसगढ़ और राजस्थान सरकार ने क्रमश: 49 एवं 74 फ़ीसद शेयर दे दिए. लगभग मुफ्त में मिले कोल ब्लॉक के खनन के लिए (अगर यह तर्क मान लिया जाए कि राज्य सरकार खनन का काम करने में असमर्थ थी) अगर ज्वाइंट वेंचर की ज़रूरत थी, तो यह खनन लागत के आधार पर क्यों नहीं बनाया गया? <br /><br />जो मुनाफ़ा इन राज्य सरकारों को हो सकता था, वह किसी निजी कंपनी को क्यों दे दिया गया? ऐसे में यह ज़रूरी है कि सीएजी सभी राज्य सरकारों (जहां भी ऐसे ज्वाइंट वेंचर बने हैं) का पूरा ऑडिट करके वास्तविक नुक़सान की गणना करे और यह बताए कि अब तक कोयला लूट के इस नए तरीके से देश को कितने रुपये का नुक़सान हुआ है. <br /><br />सबसे बड़ा सवाल यह कि क्या केंद्र सरकार लूट के इस नए और अनोखे तरीके की जांच अपनी ओर से पहल करके कराएगी या वह एक और सीएजी रिपोर्ट का इंतज़ार करेगी?<br /><b><br />साभार:<br />September 22nd, 2014 <br />- See more at: http://www.chauthiduniya.com/2014/09/joint-vencher-ke-naam-per-ek-or-koyla-ghotala.html#sthash.pgwCJtlm.dpuf</b></div>
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SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-30870257952804542822014-09-23T04:00:00.001+05:302014-09-23T04:04:48.600+05:30Chit Fund Scam: Odisha ex-AG held<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: red;"><b>Mohanty was arrested from his Cuttack residence in connection with a land deal</b></span></h3>
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<span style="color: red;"></span>The CBI today arrested former Advocate General Ashok Mohanty in connection with the chit fund scam case and took him on two day remand after producing him in the special chief judicial magistrate court here.</div>
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The CBI counsel had sought a three-day remand while Mohanty’s counsel had moved a bail petition.<br />
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Earlier during the day, Mohanty was arrested from his Cuttack residence in connection with a land deal he had done with AT group chief Pradip Sethy. He was brought to the CBI office and questioned before being taken for medical examination and later to the court.<br />
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Mohanty was questioned on his purchase of a house in Cuttack from Sethy for Rs 1.01 crore in 2013. The payment made and the bank account etc.<br />
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Reliable sources said the bank transaction did not reflect the entire amount. Further, the charge is that the former AG had misused his official position in entering in to the transaction with Sethy when he was already facing a police case in the ponzi scam.<br />
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Mohanty , known to be a upright person who did not even have a house at Cuttack till he purchased one from Sethy, however said his conscience is clear. “I have complete faith in God and my ‘guru’. Truth shall prevail, I have acted in good faith and I hope people will retain the trust and confidence in me that they have had all these years”.<br />
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It may be recalled that Mohanty had been interrogated by the CBI on 13 September. He had insisted that he paid Rs 1.01 crore for the house in CDA and that it was no favor of gift.<br />
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True to his character Mohanty had resigned from the AG post after the general elections.<br />
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The CM Naveen Patnaik had not accepted his resignation till 12 September, when Mohanty received summons from the CBI.<br />
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Significantly, Mohanty’s arrest evoke sharp dissent from lawyers as well as administrative circles here.<br />
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Members of the Bar Council decried the arrest. If the CBI claims to have prima facie evidence based on documents, it cannot be tampered with, secondly no witness can be intimidated or gained over nor can a person of Mohanty’s stature abscond , so where is the need for arresting him, said lawyers of the High Court Bar.<br />
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The arrest s totally unwarranted, the CBI could have named him in the charge sheet and the court summoned him, they said.<br />
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A large section of the people from all walks of life in Cuttack and Bhubaneswar expressed dismay over the arrest.<br />
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BJD MP Bhartruhari Mahatab who represents Cuttack LS constituency said the CBI seems to be in the habit of trying to be in the new always by conducting such arrests. It is unwarranted, I know Mohanty since decades, said Mahatab. His party , however, tried to distance itself from Mohanty saying it was a ‘personal party’ not involving the party or the government.<br />
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The Opposition Congress and BJP said the government cannot shirk its responsibility. The particular purchase of house by Mohanty had been raised in the Assembly by the Opposition but at that point in time the government ignored it and the police never took any action, charged BJP state president K V Singh Deo.<br />
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What was the police doing for the whole of last year when it was investigating the chit fund scam, he asked, implying that the BJD had tired its best to cover up involvement of party leaders and other funcationaries.Speculations are that the CBI will interrogate a few senior police officers and bureaucrats.<br />
<b>Courtesy:<br />The Statesman<br />23 Sep 2014<br />Statesman news Service<br />Bhubaneswar, 22 September<br />http://www.thestatesman.net/news/78447-Chit-fund--Odisha-ex-AG-held.html</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-11289891743226960882014-07-11T14:44:00.000+05:302014-07-11T14:44:10.190+05:30Chop hands of forgers, says HC judge<div dir="ltr" style="text-align: left;" trbidi="on">
CHENNAI: It is unfortunate that the country does not have laws to chop off hands and fingers of fraudsters who forge property documents, the Madras high court lamented on Thursday. Justice S Vaidhyanathan, refusing to order release of property documents registered on the basis of forged papers, also imposed a fine of 1 lakh on the person who committed the fraud.<br /><br />"In Islamic countries, horrifying punishment of cutting hands and chopping off fingers for even petty thefts is implemented. I came across an article that said Iran has unveiled its latest innovation in criminal punishment - a machine that cuts off fingers of thieves. It is being used for cutting off the fingers of culprits by a court in Shiraz. For forgery, this court is of the view that such a stringent punishment of chopping off fingers should be awarded to the petitioner," the judge said.<br /><br />"Unfortunately, in our country there is no stringent law to cut off the hands of persons who indulge in fabricating documents. If laws are rigid and deterrent, criminals will not dare to indulge in illegal activities like the case on hand, wherein officials of a sub-registrar office were hand in glove with criminals to help them usurp and loot the properties of innocents," he said.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkxM_4-2mDDn4mCni2SuHCGgu8EO8ivGDGUKPgHv24V9KHnKFXzsxGnBPs5ObBH_uCGIWS89GIAePMZUEaiWXBDCJH5GH1kLy4dYXfYVjrqojiX4PizTxm8cmfzu6LTw_0OBGpDkgSo24/s1600/Chennai_High_Court.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkxM_4-2mDDn4mCni2SuHCGgu8EO8ivGDGUKPgHv24V9KHnKFXzsxGnBPs5ObBH_uCGIWS89GIAePMZUEaiWXBDCJH5GH1kLy4dYXfYVjrqojiX4PizTxm8cmfzu6LTw_0OBGpDkgSo24/s1600/Chennai_High_Court.jpg" height="428" width="640" /></a></div>
<br />Citing the Quran, the judge said theft was 'haraam'. "The Prophet cursed the thief because he is a corrupt element in society, and if he is left unpunished, his corruption will spread and infect the body of the ummah (nation)," he said.<br /><br />The matter relates to a petition filed by P M Elavarasan, seeking to direct the Saidapet district registrar and Virugambakkam sub-registrar to assign a registration number to his property and release the documents. The authorities withheld the documents after realising that the property belonged to V V V Nachiappan's family and the land documents had been forged by Elavarasan. His counsel, however, argued that the registering authorities did not have the power to probe ownership and title of the property and that they are obliged to return registered documents.<br /><br />Justice Vaidhyanathan, rejecting the demand, said it was a clear attempt to grab land and expressed shock that such fraud took place with the connivance of officials in the registration department. Upholding the decision to withhold the documents, the judge said Elavarasan had the temerity to approach the court for a favourable order despite having perpetrated forgery and fraud. The court then imposed 1 lakh cost on Elavarasan and directed him to pay 25,000 each to four service organisations, including the Adyar Cancer Institute, within a month.<br /><br />Noting that the court could not remain a silent spectator, the judge said it would deal with such people with an iron hand. He then expressed hope that authorities and the court concerned would initiate criminal proceedings against Elavarasan for his illegal activities and award maximum sentence after a speedy trial. <b><br />Courtesy:<br />A Subramani,TNN | Jul 11, 2014, 12.45 AM IST<br />http://timesofindia.indiatimes.com/City/Chennai/Chop-hands-of-forgers-says-HC-judge/articleshow/38155113.cms</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-90378341285349317152014-07-07T21:41:00.001+05:302014-07-07T21:41:25.967+05:30देश भर में पसरा चिटफंड की ठगी का काला कारोबार<div dir="ltr" style="text-align: left;" trbidi="on">
शारदा समूह द्वारा किये गये 20000 करोड़ रुपये के घोटाले में धोखाधड़ी के लिए सिर्फ वित्तीय नियामकों को दोषी नहीं माना जा सकता। वर्तमान समय में देश में अनेकानेक गैर-बैंकिंग वित्तीय कंपनियाँ काम कर रही हैं, जिनमें से अधिकांश चिट-फंड का धंधा करती हैं और हालिया समय में उनपर निगरानी रखने में हमारी वित्तीय नियामक संस्थाएँ पूरी तरह असफल रही हैं।<br />
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जाहिरा तौर पर इस तरह की ठगी, सरकार की क्षमता एवं काबिलियत पर प्रश्नचिन्ह खड़ा करती हैं। इस सिक्के का दूसरा पहलू भी पूरी तरह से पाक-साफ नहीं है। दूसरे शब्दों में कहा जाये तो इस खेल में निवेशक भी उतने ही दोषी हैं, जितने कंपनियों के प्रर्वत्तक या मालिक। यह खेल सदियों से चल रहा है।आगे भी चलता रहेगा, क्योंकि हमारे देश में लालच का कोई इलाज नहीं है। वैसे इस बाबत लालच के साथ-साथ अषिक्षा, गरीबी, अंधविश्वास , भ्रष्टाचार आदि को भी महत्वपूर्ण कारण माना जा सकता है।<br /><br />पड़ताल से जाहिर है शिक्षित एवं समझदार लोग कम ही इस तरह की कंपनियों के झांसे में आते हैं। अमूमन छोटे-मोटे स्तर पर कारोबार करने वाले या रिक्षा-ठेला चलाने वाले या फिर असंगठित क्षेत्र में दिहाड़ी मजदूरी करने वाले जैसे लोग चिट-फंड चलाने वाली इस तरह की कंपनियों के एजेंटों के बहकावे में आकर या अधिक ब्याज के लालच में या फिर पैसों के दुगना होने के लालच में अपनी जिंदगी भर की कमाई एक झटके में लुटा देते हैं।<br /><br />इस ठगी के खेल में परोक्ष रुप में बहुत सारे ऐसे लोग भी शामिल रहते हैं, जिन पर कभी कोई कार्रवाई नहीं की जाती है। ऐसे लोगों को लगता है कि उनका इस तरह की धोखाधड़ी से कोई सरोकार नहीं है।<br />
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इसके बरक्स बता दें कि चिट-फंड का करोबार करने वाली तकरीबन सभी कंपनियाँ आम आदमी को बेवकूफ बनाने के लिए विज्ञापन का सहारा लेती हैं। विज्ञापन का प्रकाशन-प्रसारण प्रिंट एवं इलेक्ट्रॉनिक मीडिया के द्वारा होता है। इसमें श्रव्य माध्यम अर्थात रेडियो भी शामिल है।<br />
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<br />नई जमाने की मीडिया यानि इंटरनेट भी इस मामले में अपनी महत्ती भूमिका निभा रहा है। यहाँ इस सवाल का उठना लाजिमी है कि क्या हम जान-बूझकर केवल अपने व्यवसायिक लाभ के लिए ठगी के कारोबार को बढ़ावा दे रहे हैं?<br /><br />शारदा समूह के मामले में कंपनी के पर्वत्तकों ने बड़ी चालाकी से पूरी तैयारी के साथ आम लोगों को चूना लगाने का काम किया है। इनका ठगी का काला कारोबार विगत दो दशकों से पश्चिम बंगाल के साथ-साथ देश के कुछ दूसरे राज्यों में बेधड़क चल रहा था।<br />
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बीते तीन सालों से शारदा समूह का नाम सुर्खियों में था। इन वर्षों में इस समूह का कमोबेश पूरे देश बहुत तेजी से विस्तार हुआ। इतना ही नहीं सत्ता के गलियारों में भी इनकी धमक सुनाई देने लगी।<br /><br />कंपनी के प्रमुख प्रर्वत्तकों यथा देबजानी मुखोपाध्याय, अरविंद सिंह, श्री सुदीप्तो सेन आदि में से शारदा समूह के चेयरमैन सुदीप्तो सेन अपने को महान धर्मगुरु राम कृष्ण परमहंस की पत्नी शारदा मणि मुखोपाध्याय का पुत्र बताते हैं। श्री सेन ने उनके नाम पर ही अपनी सभी कंपनियों का आरंभिक नाम शारदा और समूह का नाम शारदा समूह रखा। श्री सेन अच्छी तरह से जानते थे कि अनपढ़, गरीब एवं धर्मभीरु लोग माँ शारदा के नाम की वजह से स्वभाविक रुप से उनकी कंपनी में अपना पैसा निवेश करेंगे। शारदा नाम के साथ विष्वासघात करने से वे अपने इरादे में बहुत हद तक कामयाब भी रहे।<br /><br />कालांतर में जैसे ही षारदा समूह के पास पूँजी इकट्ठाहुई,श्री सेन एवं उनके सहयोगी बांग्ला एवं अन्य क्षेत्रीय भाषाओं की फिल्मों को फाइनेंस करने लगे, जिससे उनकी पैठ फिल्मी कलाकारों के बीच हो गई। अखबार एवं टेलीविजन चैनलों पर वे फिल्मी कलाकारों के साथ आने लगे। फिल्म के प्रमोशन के लिए समूह के प्रर्वत्तक फिल्मी कलाकारों के साथ राज्य के हर कस्बा एवं तहसील का दौरा करते थे। इस वजह से शारदा समूह के ब्रांड वैल्यू में जबर्दस्त इजाफा हुआ। विदित हो कि आम लोगों के बीच फिल्मीकलाकारों की गतिविधियों का असर उनके जीवन में बहुत ही व्यापक होता है। वे अक्सर दैनिक क्रियाकलापों में उनकी नकल करते हैं।<br /><br />अपने इस बिजनेस को आगे बढ़ाने एवं उसपर सच्चाई तथा विष्वास का मुल्लमा चढ़ाने के लिए शारदा समूह के प्रर्वत्तकों ने नेताओं, पत्रकारों, वकीलों, जजों एवं प्रशासन के नुमाइंदों से अपनी नजदीकियाँ बढ़ाई।<br /><br />श्री सेन द्वारा सीबीआई को सौंपी गई 18 पन्नों के पत्र के मुताबिक तृणमूल के दो सांसद,असम सरकार के एक मंत्री, नरसिंहराव सरकार में मंत्री रहे मतंग सिंह, उनकी पत्नी मनोरंजना सिंह, चिदंबरम साहब की पत्नी नलिनी चिंदबरम आदि का संबंध किसी न किसी रुप में शारदा समूह के साथ रहा है।इस ठगी कांड में जिस तरह से रोज नया षगूफा छोड़ा जा रहा है, उससे लगता है कि यह आग इतनी जल्दी बुझने वाला नहीं है। मामले में नलिनी चिदंबरम का नाम उछलने से कहानी में सियासी रंग चढ़ने लगा है।<br /><br />कहा जा रहा है कि सिर्फ पष्चिम बंगाल के 19 जिलों में इस समूह के एक लाख से ज्यादा एजेंट 368 शाखाओं के माध्यम से लोगों को मूर्ख बनाने के काम को बखूबी अंजाम दे रहे थे।<br /><br />शारदा समूह का विस्तार केवल पश्चिम बंगाल तक ही सीमित नहीं है, वरन् इसके एजेंट उड़ीसा, झारखंड, असम, कर्नाटक, राजस्थान, तामिलनाडु आदि राज्यों में भी सक्रिय थे। इन राज्यों में 165 वैसी कंपनियाँ, जिसका नाम शारदा से शुरु होता है, कार्य कर कर रही थीं। गौरतलब है कि ये कंपनियाँ भी चिट-फंड का ही काम कर रही थीं।इनके एजेंट साइबर संसार के जरिये भी लोगों को अपने जाल में फंसाते थे।<br />
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<br />इसमें दो मत नहीं है कि पहले की तरह इस मामले में भी भारतीय प्रतिभूति और विनिमय बोर्ड (सेबी) अपना काम करने में असफल रहा है।<br />
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शारदा समूह में व्याप्त अनियमितता एवं उसके द्वारा की गई ठगी के परिप्रेक्ष्य में भारतीय रिजर्व बैंक, प्रवर्तन निदेशालय, आयकर विभाग आदि एजेंसियों को भी क्लीन चिट नहीं दिया जा सकता है। पुनश्च इस आलोक में यह भी सच है कि इस तरह की धोखाधड़ी के मामलों में अभी भी हमारे देश में स्पष्ट कानून का अभाव है, जिसके कारण अक्सर दोषी सजा पाने से बच जाते हैं।<br /><br />पश्चिम बंगाल की सरकार ने शारदा चिट-फंड घोटाले की जाँच एसआईटी से करवाने का फैसला लिया है। वैसे जाँच के निहितार्थ से सभी अवगत हैं। पूरा एपिसोड चाहे जितना नकारात्मक हो, इस संबंध में एक सकारात्मक बात यह है कि इस ठगी ने लोगों के बीच जनजागरण करने का काम किया है। सरकार भी इस तरह की कंपनियों के खिलाफ कार्रवाई करने के प्रति थोड़ी गंभीर हुई है। सरकारी एजेंसी गंभीर धोखाधड़ी जाँच कार्यालय (एसएफआईओ) ने चिट-फंड की 57 कंपनियों के विरुद्ध जाँच करने का फैसला किया है।<br /><br />देखा गया है कि विगत सालों में चिट-फंड कंपनियों ने आर्थिक, शैक्षिक एवं सामाजिक रुप से पिछड़े पूर्वोत्तर राज्यों को अपना निशाना बनाया है। इसलिए पूर्वोत्तर राज्यों के प्रमुखों ने चिट-फंड कंपनियों पर शिकंजा कसने के लिए केन्द्र सरकार एवं वित्तीय नियामक एजेंसियों से इस बाबत सख्त कदम उठाने का अनुरोध किया है।<br />
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बिहार के उप मुख्यमंत्री सुषील कुमार मोदी ने भी हाल ही में सेबी के प्रमुख यू.के.सिन्हा से मिलकर बिहार में फर्जी तरीके से कार्य करने वाले गैर बैंकिंग वित्तीय कंपनियों के खिलाफ कड़ी कार्रवाई करने का अनुरोध किया है। इसी क्रम में पश्चिम बंगाल की सरकार ने विशेष सत्र बुलाकर निवेशकों की रक्षा के लिए ‘पश्चिम बंगाल वित्तीय संस्था में जमाकर्त्ता का हित संरक्षण विधेयक, 2013’ पास करवाने का फैसला लिया है।<br /><br />मौजूदा समय में गैर-बैंकिंग वित्तीय कंपनी के नाम पर चिट-फंड का धंधा करने वाली कंपनियों की संख्या में तेजी से इजाफा हुआ है, जिसमें से अधिकांष कंपनियाँ पंजीकृत नहीं हैं। पंजीकरण के अभाव में इस तरह की कंपनियों के खिलाफ कार्रवाई करने में पुलिस एवं कानून को अक्सर मुश्किल का सामना करना पड़ता है।<br />
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इस संबंध में ध्यान देने योग्य बात यह भी है कि अधिकांश चिट-फंड कंपनियों का ठगी का तरीका शारदा समूह की तर्ज पर है, जिसपर लगाम लगाना विविध वित्तीय नियामक संस्थानों एवं सरकार के लिए किसी चुनौती से कम नहीं है।<br />
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<br />जानकारों के अनुसार इस तरह की कंपनियों पर तभी नकेल कसा जा सकता है, जब हमारे देष में आर्थिक अपराध को गंभीर अपराध की श्रेणी में रखा जाये। इस संदर्भ में सबसे अहम पहलू यह है कि इस तरह से ठगी के षिकार लोगों का आमतौर पर पैसा वापस नहीं मिलता है।<br />
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कानून में व्याप्त कमियों/खामियों की वजह से हमारे देष में धोखाधड़ी करने वाले लोग आसानी से कानून के शिकंजे से बाहर निकल जाते हैं, जबकि ठगी का शिकार हुए कुछ लोग आर्थिक तंगी की वजह से आत्महत्या तक करने पर मजबूर हो जाते हैं। बावजूद इसके असल दोषियों के खिलाफ कभी भी हत्या का मुकदमा नहीं चलाया जाता।<br /><b>साभार<br />सतीश सिंह<br />http://teznews.com/home/news/13881</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-19817650006574908012014-07-07T19:11:00.000+05:302014-07-07T19:11:09.134+05:30CBI and ED join forces to nail chit-fund scammers who prey on innocent investors<div dir="ltr" style="text-align: left;" trbidi="on">
After recording the statements of various high-profile individuals, the
Enforcement Directorate is likely to file its first charge-sheet in the
Saradha chit fund scam by July.<br /><br />Besides filing a case under the
PMLA in the scam, the ED has also attached assets worth Rs 140 crore
belonging to individuals and firms on money laundering charges in this
case.<br /><br />Tackling economic offences has become the top priority of
investigating agencies like the CBI and ED. The best investigators with
skills to crack fraudulent schemes like the Saradha chit fund and the
National Spot Exchange Limited case are on the job.<br />
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<br />Following the
Supreme Court directed the CBI to investigate the Saradha case, it has
decided to set up a Special Investigation Team to probe the scam
involving an estimated Rs 10,000 crore amassed by duping thousands of
investors.<br /><br />While Saradha is a classic example of a ponzi scheme
following a multi-level marketing model, the NSEL scam has exposed the
shortcomings in the regulatory framework as most of the commodities
marketed by it never existed.<br /><br />More than 15,000 private investors
and some public sector undertakings were duped. There was also the
Sahara case where market regulator SEBI alleged that the group cheated
its investors.<br /><br />The matter reached the SC and Subrata Roy, the
chairman of the group, is in Tahir Jail for more than two months.
Another scam which was being run like a ponzi and is being investigated
by the CBI is the case involving the Pearls group, in which Rs 45,000
crore was swindled out and nearly 5 crore people were cheated.<br /><br />The
disturbing trend of such schemes directed at cheating investors shook
the government, and more powers have been given to market regulator
SEBI.<br /><br />The Securities Laws (Amendment) ordinance covering the
functioning of SEBI has been brought in to combat the menace of ponzi
schemes.<br /><br />The body has been given the power to regulate money
pooling schemes worth Rs 100 crore or more - a common modus operandi for
ponzi schemes.<br /><br />
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<br />The arrest of Jignesh Shah, Chairman and CEO of
Financial Technologies in the Rs 5,600 crore National Spot Exchange Ltd
(NSEL) scam on May 7, brings to the fore the gaping holes in India's
regulatory framework for exchanges which encourage wily entrepreneurs to
float companies that defraud unwitting customers.<br /><br />It also calls
for better regulatory oversight and according more teeth to the
commodities regulator, the Forward Markets Commission (FMC).<br /><br />At
the heart of the NSEL fiasco was a practice at the exchange, where
members were allowed to take long term forward contracts in commodities
such as oilseeds, cereals and pulses, although the exchange was allowed
to handle only spot contracts, similar to mandis where buyers and
sellers exchange goods for money.<br /><br />Taking advantage of a 2007
Ministry of Company Affairs (MCA) guideline that gave a conditional
exemption to spot exchanges to offer one day forward contracts, NSEL
conducted trading in forward contracts such as T+2 (trade plus two days)
and T+25, where an investor, through their brokers such as Motilal
Oswal Securities bought and sold goods, without any underlying
securities.<br /><br />They entered into contracts to buy commodities from
"borrowers" such as N.K. Proteins and Mohan India. The T+2 contract
enabled them to pay for the commodities two days later. At the same
time, they entered into contracts with the same borrowers to sell the
commodities after 25 days through a T+25 scheme. There would be an
assured, annualised return of 13.5 per cent in this transaction.<br /><br />"The
process offered more liquidity than investing in bonds on fixed
deposits, since the trader could avail the money at more frequent
intervals," says Ketan Shah, one of the 13,000 investors who lost the
money.<br /><br />Investors were happy with their guaranteed returns until
July, when the borrowers could no longer pay off the investors and
government investigations revealed illegal and fraudulent trade. In July
2013, MCA stepped in, asking NSEL not to launch new contracts and
settle the existing ones.<br /><br />In October FMC wrote to NSEL, accusing
its promoters and directors of complicity in cheating investors, a move
that triggered the fall of the exchange and its promoter. FMC has all
the while maintained that NSEL came outside its regulatory purview.<br /><br /><span style="color: red;"><b>How the scam worked</b></span><br />But
it did point out two of its reservations. First, NSEL permitted trading
members to sell on their platform without confirming that they had
goods in their possession, which amounted to a short sale.<br /><br />Second, FMC disagreed with the contract duration of over 11 days in a spot exchange.<br /><br />But
the question here is, if the FMC felt it did not have the mandate to
regulate NSEL, why didn't it seek explanations on the matter much
earlier?<br /><br />Investors say that timely action from the government
would have saved many of them. They attribute the delayed action to
Jignesh Shah's proximity to the who's who in the corridors of power.
Other experts such as Jaimini Bhagwati, RBI Chair Professor at Icrier,
says that the Sebi Act needs to be amended to include spot and futures
trading in all commodities squarely and firmly within the capital market
regulator's remit.<br /><br />Also, the FMC should be absorbed within Sebi,
he says. Meanwhile, the Forward Markets Regulation Bill, which seeks to
amend the Forward Contracts (Regulation) Act, 1952, is awaiting
Parliament's nod.<br /><br />It will give more powers to the FMC, and open
the door for introduction of new products like options and indices
trading in the commodities futures market.<br /><br />The NSEL scam calls
for greater co-ordination among government departments, regulators and
exchanges to plug regulatory loopholes, involving even brokerage firms.
Meanwhile, the Economic Offences Wing of the Mumbai Police feels they
have a water-tight case against him.<br />
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<br /><span style="color: red;"><b>Investors want court to monitor CBI probe<br />By Soudhriti Bhabani in Kolkata</b></span><br />With
the Supreme Court verdict asking the CBI to probe into the multi-crore
Saradha chit fund scam, investors who had been cheated by the ponzi
schemes now wanted a court-monitored CBI probe in the issue.<br /><br />Chit
fund Sufferers' Unity Forum (CSUF), an umbrella organisation protesting
and safeguarding interests of the duped investors, demanded a
court-monitored investigation in Saradha Group chit fund scam as it
involved many high profile names, some of them from the state's ruling
Trinamool Congress.<br /><br />"We want the apex court to monitor the whole
process of investigation. Also, we have decided to prepare a list of
other chit fund companies that are operating across West Bengal. We will
also include their volume of assets whatever information we can collect
from our sources and will hand it over to the federal investigating
agency," said Ashim Chatterjee, convenor of CSUF.<br /><br />He said there
are nearly 1,500 such shell companies are still operating in the rural
outskirts of Bengal collecting small-saving deposits, mostly from the
marginalised sections. He said that CSUF had already written to Chief
Minister Mamata Banerjee highlighting the point and requested her to
implement it for all the chit fund entities active across the state.<br /><br />"The
CM has turned our appeal in deaf ears. We sought an appointment to
share our point of view with her on the matter but we were denied any
time for the meeting," Chatterjee said.<br /><br />The Sudipta Sen-led chit
fund company Saradha Group had decamped with several thousands crores of
small-savings deposits from investors by making false claims of their
proposed ventures in an attempt to amass more money from the market.<br /><br />It
was revealed that the chit fund group had made false announcements to
set up shopping malls at Madhyamgram in North 24 Parganas, Contai in
East Midnapore and Bishnupur near Joka in South 24 Parganas and luxury
apartments almost in every West Bengal district and a five-star hotel
without mentioning any particular location and other details of the plot
and proposed investments.<b><br />Courtesy:<br />By M.g. Arun<br />Published: 21:47 GMT, 11 May 2014 | Updated: 21:47 GMT, 11 May 2014<br />Follow us: @MailOnline on Twitter | DailyMail on Facebook<br />http://www.dailymail.co.uk/indiahome/indianews/article-2625739/CBI-ED-join-forces-nail-chit-fund-scammers-prey-innocent-investors.html</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-20456322914455462192014-07-07T17:39:00.001+05:302014-07-07T17:39:32.740+05:30जेल में बंद पूर्व मंत्री सुरेश दादा जैन ने की जमानत की मांग<div dir="ltr" style="text-align: left;" trbidi="on">
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जलगांव आवासीय घोटाला मामले में गिरफ्तार महाराष्ट्र के पूर्व आवास मंत्री सुरेश दादा जैन (71) ने सेहत और दया की बुनियाद पर जमानत की मांग करते हुए बॉम्बे हाई कोर्ट में याचिका दायर की है।<br />
<br />कोर्ट के सूत्रों ने कहा कि यह याचिका सुनवाई के लिए सूचीबद्ध होगी। जैन ने अपनी याचिका में गुहार लगाई है कि वह 27 महीनों से जेल में बंद हैं, इस दौरान उनकी बाइपास सर्जरी हुई। उन्होंने कहा कि उनकी सेहत काफी खराब हो गई है और मधुमेह तथा अधिक उम्र होने के कारण कई दूसरी जटिलता पैदा हो गई हैं।<br />
<br />वह करीब तीन दशकों से अधिक समय तक विधानसभा के सदस्य रहे हैं और फिलहाल शिवसेना के विधायक हैं। जैन ने कहा कि वह बड़ी राजनीतिक साजिश तथा अपने विरोधियों की ओर से की गई बदले की कार्रवाई के शिकार हुए हैं। उन्होंने आरोप लगाया कि जलगांव आवासीय घोटाले में उन्हें फंसाया गया है।<br />
<br />जैन को 11 मार्च, 2012 को गिरफ्तार किया गया था। उन्होंने कहा कि इस मामले में आरोप पत्र पहले ही दाखिल हो चुका है और जांच चल रही है। सुनवाई अदालत ने आरोप तय कर दिए। उन्होंने सुप्रीम कोर्ट के दिशानिर्देश का हवाला दिया, जिसके मुताबिक भ्रष्टाचार निरोधक कानून के तहत नौकरशाहों (विधायक एवं मंत्रियों) के खिलाफ मामला एक साल के भीतर पूरा होना चाहिए। <br />
<b>साभार</b><br />
<b>Jul 7, 2014, 08.30AM IST, भाषा, मुंबई<br />http://navbharattimes.indiatimes.com/metro/mumbai/other-news/Jailed-former-minister-Suresh-Dada-Jain-seeking-bail/articleshow/37918002.cms</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-23185250839739857972014-07-07T17:31:00.001+05:302014-07-07T17:31:45.697+05:30मुंबई में रिक्शा-टैक्सी चालकों की ठगी - टर्मिनल टू में प्रवेश के लिए अवैध एंट्री फीस!<div dir="ltr" style="text-align: left;" trbidi="on">
मुंबई के नवनिर्मित इंटरनैशनल टर्मिनल से कार्य संचालन को लगभग 4 महीने पूरे हो चुके हैं। इसके बावजूद भी हवाई यात्रियों में टर्मिनल पर पहुंचने को लेकर कई संशय बरकरार हैं। इसका सीधा फायदा इस मार्ग पर ऑटो-टैक्सी चलाने वालों को मिल रहा है। अधिक पैसा बनाने के चक्कर में इन्होंने टर्मिनल एंट्री फीस का एक नया शिगूफा छोड़ा है। मीटर से भाड़ा वसूल करने का आश्वासन देने के बाद ऑटो चालक यात्रियों को टर्मिनल पर लाते हैं और डिपार्चर लेवल पर जाने के लिए अलग से पैसों की मांग करते हैं। बीते 3 महीनों से कई हवाई यात्री इस बाबत एनबीटी को अवगत करवा चुके हैं।<br /><br />गौरतलब है कि यह टर्मिनल 4 लेवल में बंटा हुआ हैं, यात्रियों को डिपार्चर के लिए सीधे लेवल 4 पर आना होता है, जिस पर आप सहार एलिवेटेड रोड से होकर आ सकते हैं, लेकिन यदि आप ऑटो रिक्शा से सफर कर रहे हैं, तो आपको सहार रोड से आना होगा।<br />
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<br />यहां आने के बाद ऑटो चालक यात्रियों से 50 से 100 रुपये तक अतिरिक्त मांगते हैं, और टर्मिनल की एंट्री फीस का हवाला देते हैं। उनका कहना है कि उनसे यह चार्ज एयरपोर्ट अथॉरिटी ले रही है, इसके पीछे एयरपोर्ट अथॉरिटी का उद्देश्य अवांछित तत्वों के प्रवेश को रोकना हैं। जबकि वास्तविकता यह है कि एयरपोर्ट अथॉरिटी एंट्री फीस के नाम पर कुछ भी चार्ज नहीं करती।<br /><br />सूत्रों के मुताबिक यात्रियों से यह चार्ज उन्हें अराइवल या डिपार्चर लेवल पर ले जाने के लिए ही लिया जाता है। टर्मिनल से कुछ दूर बने पार्किंग पर रुकने की स्थिति में ऑटो चालक चार्ज नहीं करते। यात्रियों के मुताबिक भारी बैगेज होने के कारण वे झंझट से बचने के लिए 'कुछ' पैसा दे देना ही बेहतर समझते हैं।<br /><br /><span style="color: blue;">बीती एक तारीख को मुझे रात नौ के आस पास अपनी मां को लेने एयरपोर्ट जाना था। अंधेरी से तो ऑटो वाला मीटर से चलने को तैयार था पर आधे रास्ते में उसने मुझसे 120 रुपये की मांग की। वजह पूछने पर उसने एयरपोर्ट एंट्री फीस का हवाला दिया, जब मैंने विरोध किया तो उसने मुझे वही उतारने की धमकी दी।<br /><b>- निशा सराफ, स्टूडेंट</b></span><br />
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<span style="color: blue;"><br />जून के थर्ड वीक में मैंने अंधेरी से ऑटो लिया, चालक में मुझसे उतरते वक़्त 50 रुपये एक्स्ट्रा मांगे, लेकिन क्योंकि मैं हर दूसरे सप्ताह विदेश जाता रहता हूं, मुझे उसकी चालाकी समझ आ गई और मैंने उसे पुलिस की धमकी दे कर अपना पीछा छुड़ाया।<br /><b>- अमित झवेरी, व्यवसायी</b><br /><br />हमारी तरफ से ऐसा कोई चार्ज नहीं लिया जाता हैं। यदि ऐसा हो रहा है तो बहुत दुर्भाग्यपूर्ण हैं। यात्रियों को आरटीओ और ट्रैफिक पुलिस को इसकी शिकायत करनी चाहिए। ऑटो चालक यात्रियों को बेवजह ठग रहे हैं।<br /><b>- प्रवक्ता, मुंबई एयरपोर्ट अथॉरिटी</b><br /><br />इस तरह का कोई भी चार्ज नहीं है। यदि कोई ऑटो चालक ऐसा कर रहा है, तो बिलकुल गलत है। यात्रियों को इसकी शिकायत करनी चाहिए। उस ऑटो चालक का बैच नंबर और वाहन का नंबर नोट करके शिकायत दर्ज करवानी चाहिए। एनबीटी ने हमें इस बाबत जानकारी दी है और हम अपने स्तर पर भी दोषियों की तलाश करेंगे।<br /><b>- शशांक राव, उपाध्यक्ष ( मुंबई ऑटोरिक्शा मेंस यूनियन )</b></span><br /><b>साभार<br />नवभारत टाइम्स | Jul 7, 2014, 03.42AM IST, आशिता दाधीच, मुंबई<br />http://navbharattimes.indiatimes.com/metro/mumbai/other-news/The-entry-fee-to-enter-the-terminal/articleshow/37918213.cms</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-91369941119661230232014-07-03T16:43:00.000+05:302014-07-03T16:43:00.391+05:30Red alert! Redevelopment Greed is making societies neglect maintenance & repair<div dir="ltr" style="text-align: left;" trbidi="on">
2 July 2014, Mumbai: The return of monsoons is good news to everybody,
but as always, there will be severe casualties in aging and
ill-maintained buildings in every metro, including Mumbai. One may
safely predict that at least five buildings will collapse in Mumbai
alone, especially on the days with the heaviest rains, simply because of
the additional weight of several thousand kilograms of absorbed
rainwater that the dilapidated structures will have to bear. This weight
is unevenly distributed on a weakened RCC structure, causing structural
collapse.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPh3BSg-qoZlR_mqyGpu9gW374rezfvAy6gw-O6b02tfCVWn8Tp-I5eD3tcef-BWkZfDeCL0f6Zz_9R3lacgFiMHEa6MFwC-sNy1TT9HMl-RZjF3iE_vNYbedSu8tif770-SNwix15s-s/s1600/Building_Mahim+collapse_gg2.net+website.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPh3BSg-qoZlR_mqyGpu9gW374rezfvAy6gw-O6b02tfCVWn8Tp-I5eD3tcef-BWkZfDeCL0f6Zz_9R3lacgFiMHEa6MFwC-sNy1TT9HMl-RZjF3iE_vNYbedSu8tif770-SNwix15s-s/s1600/Building_Mahim+collapse_gg2.net+website.jpg" height="442" width="640" /></a></div>
<br /><b>The following problems are perennial and systemic:</b><br />1)
The buildings of Mumbai and every other metro are aging. Every passing
seasonal cycle of summer, monsoon and winter are causing further
deterioration in the cement and steel of RCC structures by rusting and
cracking. Therefore, every passing year, the load-bearing capacity of
the RCC of every building deteriorates by small percentage like 0.2 to
1%.<br /><br />2) Older buildings deteriorate at a faster rate e.g. 1%
per year. If they are well-maintained, this rate of deterioration may be
reduced to 0.5%, effectively increasing its life span by many years.<br /><br />3)
Unfortunately, many buildings have been made into “sick” buildings over
the past decade by short-sighted cooperative societies neglecting them,
in the lust for getting them declared as “dilapidated”, so that they go
into commercial redevelopment. The load bearing capacity of the RCC of
such buildings deteriorates by 5-10%. These buildings are like ticking
time-bombs, waiting to collapse.<br /><br />4) In the monsoon, the
rain-water seeps into the walls and ceilings of such neglected
structures, increasing their weight by several thousand kilograms. This
additional weight is distributed unevenly on the RCC frame, making it
extremely vulnerable to sudden structural failure. These buildings
cannot continue to be occupied. Ignoring them is a criminal negligence
on the part of the government and municipal corporations.<br /><br />5)
There is no civic body which has the necessary mandate for vacating and
demolishing demolish hundreds or thousands of such critical buildings
before they collapse due to “natural causes” in the coming monsoons. If
such a body is not created, there is simply no alternative to
redevelopment – whether voluntary or foced. These must be demolished and
rebuilt under supervision of an empowered government body.
Unfortunately, such an empowered body does not exist!<br /><br />6) A
timetable for performing emergency repairs on thousands of other
buildings is a must. These are not yet critical, they will inevitably
become critical and dangerous if neglected for another 3-4 years. This
must also be done under supervision of an empowered government body.<br /><br />7)
Unfortunately, it is financially unviable for all the thousands of
buildings of Mumbai to be redeveloped and rebuilt simultaneously.
Therefore, a priority list will have to be made by the government agency
after scrutiny.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwbMi1T6rF07ZpcptSFh27ghMld6SfszFvrrxMz-agbsAuRVlMLkha2nzBWqbipCKIuXkAmaYOFfqoTWvlGHPQJxVLF7-D1uW5jo6oVmmy6GEWv-6rT4FmBgFgidBb80YLSRdu741Urcs/s1600/Building+Collapsed+in+Mumbai_constructionweekonline.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwbMi1T6rF07ZpcptSFh27ghMld6SfszFvrrxMz-agbsAuRVlMLkha2nzBWqbipCKIuXkAmaYOFfqoTWvlGHPQJxVLF7-D1uW5jo6oVmmy6GEWv-6rT4FmBgFgidBb80YLSRdu741Urcs/s1600/Building+Collapsed+in+Mumbai_constructionweekonline.jpg" height="440" width="640" /></a></div>
<br />8) Many MLAs, MPs and corporators are
builders, or have invested in building industry. These persons are aware
of the deterioration, but they are using their knowledge for their own
private benefit. The knowledge of these persons must be harnessed for
public good. Unfortunately, such politicians are actively preventing any
proactive planning from happening, for fear of harming their own
interests!<br /><br />9) On a conservative estimate, more than 80,000
flats are lying vacant all over Mumbai. They belong to builders, estate
agents and investors. Such flats should be requisitioned by the
government and municipal corporations, and used for immediately
resettling the people living in dangerous buildings.<br /><br />10) For
all the above-mentioned work, which is urgent, new laws needs to be
passed, and a new government agency is required to be constituted under
the urban development ministry.<br /><br /><b>Problems Caused by Redevelopment Greed:</b><br />Since
redevelopment started in 1991 about two decades ago, and builders could
augment the FSI (Floor Space Index) of the land by purchasing TDR
(Transfer of Development Rights), cooperative housing societies started
neglecting their structures. Seduced by builders who promise larger
houses and new buildings, building societies have been keen to steamroll
opposition to their redevelopment proposals by individual members by
deliberately allowing their building to deteriorate, so that structural
auditors can declare them as “dilapidated”.<br /><br />Earlier, it was a
nightmare for a society to be told that its building was structurally
unsound, and managing committee members and general body members alike
were anxious to avoid it by regular re-plastering, painting and
repairing. But in the last two decades, a report from structural
engineers saying that the building is “dilapidated” or is in need of
“major repairs” has been the dream-come-true of every managing
committee, because it legitimizes their quest for redevelopment.<br /><br />Redevelopment
is a gravy-train by which everybody gets to make money, and especially
civic authorities who give various building permissions, cooperative
department officials, and the managing committees of societies. Many
residential buildings aged around 30 and above would have been in a
relatively better state, were it not for this lust for redevelopment.
Despite a fair number of stalled redevelopment projects, and the
opposition by cautious members in every society, the greed-is-good ethos
of the majority of members in almost every society ensures that this
gravy train is gaining momentum.<br /><br />Brief overview of Mumbai’s redevelopment over the last two decades: http://tinyurl.com/History-Mumbai-Redevelopment<br />
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<br />Over
10 percent of Mumbai’s 30,000-odd society buildings are currently
suffering from varying degrees of redevelopment-driven neglect by their
managing committees, which collect money for their Repair Fund and
Sinking Fund every month, but never spend for repairs and maintenance,
Hoping to reap windfall gains from redevelopment, the managing
committees favour a dilapidated appearance, which sends a come-hither
signal to builders. <br /><br />Sadly, every such society will not enter
into the process of redevelopment swiftly; the overwhelming majority of
old buildings will have to wait for many years before their
redevelopment happens. Hence, residents are condemned by their greedy
and negligent managing committees to live for long in buildings with
fast-deteriorating RCC columns, beams and slabs.<br /><br />In every
society, one or two people are fighting a losing battle against this
commercially-driven madness. They are seeking better maintenance of
their societies. Most often, their voices are raised only at meetings,
and this makes them pariahs. Far from recognizing that their words are
in the common interest, a majority of their neighbours consider them
mad, and shun them. Their managing committees are quick to paint them as
anti-social villains opposed to the prosperity that will be brought
about by redevelopment.<br /><br />One such person is Rohit D’Souza
(9819199863, rohitpdsouza@gmail.com), a young sportsman of Mulund. Due
to the constant leakage and seepage from the rooftop tank, and the
consequent rusting and deterioration of the building structure, Rohit
and his neighbours fear for their lives, and have written many letters
to their building secretary and to to MCGM’s Ward Officer for T-Ward.
But their letters may as well have been written by residents of
thousands of other residents of Mumbai, who are in the same boat:
http://tinyurl.com/Please-repair-tank<br /><br />Numerous societies are in
exactly the same boat. Improper structural maintenance by societies due
to greed, cost cutting, ignorance, unavailability of skilled labourers,
disputes between members etc. is endangering the lives of thousands of
families living in Mumbai. The steel in the RCC columns, beams and slabs
has rusted and become exposed in many buildings, and Rohit’s building
is only a sample of what thousands of buildings are currently looking
like. Like Rohit, lakhs of people in Mumbai region are saying, “We are
not opposed to redevelopment per se, but we are definitely opposed to
the deliberate neglect of our buildings, which is a growing threat to
our lives.”<br /><br />But are the government and municipal authorities listening? And more importantly, are the managing committee members listening?<br /><br />Or will they, like the Municipal Corporations of Mumbai, Mumbra, Thane etc. wake up only after the building crashes down?<br /><b>Courtesy:</b><br /><span style="color: red;">Issued in Public Interest by<br />Krish<br />9821588114<br />Building.RTI.Union@gmail.com</span><br /><br /><span style="color: navy;"><i><b>PS:
After reading this, if residents of societies wish to gently start
reminding their societies to maintain the building, they may use this
word file as a format: http://tinyurl.com/sample-letter-to-society</b></i></span></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-42696444896733267652014-07-01T17:05:00.000+05:302014-07-01T17:05:33.586+05:30THE MEGA Rs 23,000 crore 4G SCAM BY the GOVERNMENT AND RELIANCE<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="color: red;"><b>AAP alleged another scam</b></span><br />After the 2G spectrum allocation scam during the former UPA government, another major telecom scandal in the allocation of 4G spectrum (Broadband and Wireless Access - BWA) ) has now been exposed in its latest report submitted by the Comptroller & Auditor General (CAG) to the central government. <br /><br />According to the information available so far, this scam has caused a loss of around Rs 23,000 crore to the public exchequer in the initial estimates and this amount will definitely go up in case a thorough and impartial probe is ordered by the Narendra Modi government.<br />
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<br />The Aam Aadmi Party demands that the BJP-led NDA's central government should immediately cancel the telecom license and allotment of 4G spectrum given to Reliance Industries and also order a CBI probe for a through criminal investigation into this scam involving Reliance Industries and the UPA government.<br /><br />If the NDA government delays tabling of the CAG report on the 4G spectrum & BWA allocation scam and does not cancel its allotment, it will become clear that this government also is favouring corporates and allowing them to loot national resources. <br /><b><br />The details of this scam are as follows: </b><br />The UPA government in March 2013 allowed a back-door entry of Reliance Jio Infocomm into voice telephony in violation of the judgment of the Supreme Court in the 2G case. This was done at the price discovered in 2001 of Rs 1,658 crore for a pan-India licence, which is the same price that was struck down by the Supreme Court in its 2G judgment, because that had caused a huge loss to the public exchequer.<br /><br />During May-June 2010 the auctions for 3G and 4G were concluded. The 3G auction fetched Rs 16,750.58 crore for 5+5 MHz spectrum in 2100 MHz (or 2.1 GHz) band. Thus, per MHz, the price worked out to be Rs 1,675 crore. Immediately, after the 3G auction, the 4G auction began which fetched Rs 12,847.77 crore for 20 MHz pan-India license in the 2300 MHz (or 2.3 GHz) band. This works out to be Rs 642.39 crore per MHz.<br /><br />This was so because all documents stated that 4G spectrum was for data services only, whereas 3G spectrum can be used for both data and voice telephony. (All relevant documents - including the CAG report, Reliance Jio Infocomm reply and Department of Telecom response are attached with this press release).<br /><br />Infotel Broadband Services Pvt Ltd (IBSPL) emerged as the only company to have acquired pan-India 4G spectrum. IBSPL had an internet license since November 2007 and had just one subscriber with revenue of Rs 16.28 lakhs during 2009-10, and its authorized share capital was Rs three crore and the paid up capital was Rs 2.51 crore. Infotel Digicomm Pvt Ltd (IDPL) held 99.99% share of the IBSPL at the time of submission of application in March 2010.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhexnMrxVzR5_PLQGLH8I_f8yeTN851DTdhItunX6ehNyebZye8WSypwJZZLH3FO8GPTsaBOuJpeKsunVcJyhk7GCwszwXsySJ3PDaI2fvZuv84Kb_mF6sADReGWMBxsAgHpMvIodLu0H8/s1600/mukesh_ambani_reliance63011.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhexnMrxVzR5_PLQGLH8I_f8yeTN851DTdhItunX6ehNyebZye8WSypwJZZLH3FO8GPTsaBOuJpeKsunVcJyhk7GCwszwXsySJ3PDaI2fvZuv84Kb_mF6sADReGWMBxsAgHpMvIodLu0H8/s1600/mukesh_ambani_reliance63011.jpg" height="266" width="400" /></a></div>
<br />Within hours of completion of 4G auction on 11.06.2010, IBSPL increased the authorised share capital from Rs three crore to Rs 6,000 crore. On 17.06.2010, the company authorized its Board of Directors to allot Rs 475 crore equity share of Rs 10 each to Reliance Industries Ltd (RIL) and 25 crore equity share of Rs 10 to Infotech Digicomm Pvt Ltd (IDPL) aggregating to the equity capital of Rs 5,000 crore. On the same day, the company also decided to change from a private company to Public Limited Company (Infotel Broadband Services Ltd). Thus, the company within a week of winning the 4G spectrum disposed off 95% shares to RIL while 5% was retained by IDPL. Much later in March 2013, the company was renamed as Reliance Jio Infocomm Pvt Ltd.<br /><br />CAG has found that the Government did not protect its interest at the time of framing eligibility criteria for the 4G auction. It allowed participation of internet (ISP) licensees without ensuring adequate safeguards in terms of net-worth of the companies participating in the auction. It found that while a UAS licensee or even a new company without a license was allowed to participate in the 4G auction, but<br />they had to pass through the test of net-worth in order to become eligible, but no such criteria was specified for the existing internet (ISP) licensees participating in 4G auction. CAG observed that this criterion was important even for ISP-A licensees as they had to participate in the bidding where the reserve price was fixed at Rs 1,750 crore per pan-India license for 20 MHz spectrum in 2.3 GHz band.<br /><br />The only company which won the pan-India 4G license, was an ISP-A licensee, Infotel Broadband Services Pvt Ltd (IBSPL), a HFCL promoted group company. CAG has stated that IBSPL was given the ISP-A license in November 2007, and it had just one leased-line subscribers as on December 2009 and total revenue of just Rs 16.28 lakh for FY 2009-10. The paid-up capital was just Rs 2.51 crore and 99.99 per cent of it was held by Infotel Digicom Pvt Ltd at the time of submission of application for the 4G auction in March 2010. Thus, this company could not be termed as a serious player. And there were no checks in-built in the auction process to eliminate such non-serious players, CAG has observed.<br /><br />After the company was taken over Reliance Industries, the government allowed it to provide voice telephony (which was earlier prohibited) without conducting a fresh auction. This was done at the rate of Rs 1,658 crore which was fixed in 2001, and had been struck down by the Supreme Court in the 2G case for causing huge loss to public exchequer. The CAG has now concluded that besides vitiating the auction process, an undue advantage of Rs 22,842 crore was given to RIL at the cost of exchequer. The relevant part of the CAG’s report is reproduced below: -<br />
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<br />It was found that the basis of the decision i.e. payment of entry fee of Rs 1,658 crore by ISP licensee for a permission to Pan India provision of mobile voice services using BWA spectrum considered by the DoT Committee, Telecom Commission and the MOC&IT, was primarily intended to fill the gap between the eligibility criterion stipulated for participation in the 3G / BWA auction in 2010 as UAS / CMTS licensees had paid entry fee of Rs 1,658 crore while ISP licensees had paid only Rs 30 lakh.<br /><br />The DoT Committee, Telecom Commission and the Ministry of communication &IT however ignored the fact that the quantum of entry fee i.e. Rs 1,658 crore was basically discovered in 2001 through the bidding for the 4th Cellular licenses. Market conditions since then have changed drastically, and this price needed to be modified to reflect the present value. <br /><br />Neither the DoT Committee / TC under the Chairmanship of the Secretary DoT nor the ministry felt the need for revision of the price discovered in 2001 as the entry fee for UASL in 2013, even when the Hon’ble Supreme Court of India had cancelled 122 licenses granted in 2008 on the basis of the same entry fee stating that it was impossible for them to approve the action of the DoT.<br /><br />Therefore, by permitting ISPs to provide mobile voice service using BWA spectrum won in 2010 auction post-auction, the government has brought ISP licensees with BWA spectrum at par with UAS / CMTS 3G spectrum winners so far as provision of services are concerned – Voice, Data, etc., and post auction interpretation of such vital nature would appear to be arbitrary, inconsistent and not appropriate.<br /><br />Hence, IBSPL, now Reliance JioInfocomm, appeared to have been accorded undue advantage of Rs 22,842 crore i.e. the difference of the proportionate prices for 20 MHz block size in 2.1 GHz spectrum band (3G spectrum) and 2.3 GHz spectrum band (BWA spectrum) plus the Net Present Value of the entry fee for UASL at the end of FY 2009-10 (Rs 20,653 crore plus Rs 3,847 crore - Rs 1,658 crore). Besides, the sanctity of the entire auction process has been rendered vitiated due to post auction interpretations and interventions after three years. It was therefore no surprise that Reliance JioInfocomm was among the first group of companies which applied for UL immediately after introduction of the scheme and obtained the Letter of Intent (LoI).<br /><br />Had the spectrum blocks been specified and declared as liberalised spectrum blocks i.e. open for all technology / services in the NIA in February 2010, there was no doubt that bidders would have taken informed decision for putting up their bid and the market discovered price would have been significantly different for 3G and BWA spectrum.<br /><br />AAP leader and senior lawyer Prashant Bhushan has filed a PIL in the Supreme Court seeking cancellation of Reliance Industries’ telecom license and a through criminal investigation. Supreme Court had issued notice to the government and Reliance on that petition on 9th May 2014.<br /><b>Courtesy:</b><br />
<b>Sent By AAP on Mails Dated 01.07.2014</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com1tag:blogger.com,1999:blog-6942394809520131246.post-37311676533104708172014-06-28T11:25:00.000+05:302014-06-28T11:33:44.000+05:30SEBI vs Sahara: Fali S. Nariman appointed as Amicus Curiae<div dir="ltr" style="text-align: left;" trbidi="on">
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<br />
Court<br />
Supreme Court of India<br />
<br />
Brief<br />
<br />
The Supreme Court bench comprising of Justices T.S. Thakur and A.K. Sikri dismissed the prayer for shifting the contemnors to a guest house for continued custody and detention till they comply with the directions of this Court for their release on interim bail and requested Senior Advocate, Fali.S. Nariman to assist the Court as amicus curiae<br />
<br />
Citation<br />
<br />
Judgement<br />
<br />
REPORTABLE<br />
IN THE SUPREME COURT OF INDIA<br />
CIVIL ORIGINAL JURISDICTION<br />
I.A. NOs. 101-103<br />
IN<br />
CONTEMPT PETITIONS (C) NO.412 - 413 OF 2012<br />
IN <br />
CIVIL APPEALS NO. 9813 AND 9833 OF 2011<br />
AND <br />
CONTEMPT PETITION (C) NO.260 OF 2013<br />
IN <br />
CIVIL APPEAL NO.8643 OF 2012<br />
<br />
S.E.B.I. …Appellant<br />
Versus<br />
Sahara India Real Estate Corporation Ltd.<br />
& Ors. …Respondents<br />
T.S. Thakur, J.<br />
<br />
J U D G M E N T<br />
1. Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL) (hereinafter referred to as ‘Saharas’ for short) invited and claim to have collected deposits from general public including cobblers, labourers, artisans and peasants in the form of what were described as ‘Optional Fully Convertible Debentures’ (OFCD). On a complaint received from Professional Group of Investors Protection, SEBI found that the mobilisation of funds under the Red Herring Prospectus (RHP) dated 13th March, 2008 and 6th October, 2009 issued by the two companies was not legally permissible. By an ad interim ex parte order dated 24 th November, 2010 SEBI directed Saharas not to offer their equity shares/OFCDS or any other securities to the public or invite subscription in any manner whatsoever either directly or indirectly pending further orders. Aggrieved by the said order Saharas approached the High Court at Bombay but the High Court not only declined to interfere with the directions issued by SEBI but also passed a further order on 23rd June, 2011, directing the promoter Mr. Subrata Roy Sahara and Directors Miss Vandana Bhargava, Mr. Ravi Shankar Dubey and Mr. Ashok Roy Choudhary of Saharas to jointly and severely refund the amount collected by Saharas in terms of the RHPs issued by them alongwith interest @ 15% p.a. from the date of the receipt of the deposits till the date of such repayment. Pursuant thereto the SEBI ordered that the refund of the amount shall be made only in cash through demand drafts or pay orders. The SEBI issued further directions including a direction that Sahara Commodity Services Corporation Limited (earlier known as SIRECL) and SHICL shall not access the security market for raising funds till the time the aforesaid payments are not made to the satisfaction of the SEBI. <br />
<br />
2. Aggrieved by the order aforementioned, Saharas filed an appeal before the Securities Appellate Tribunal (SAT) who concurred with the view taken by the SEBI, and while affirming the order passed by the SEBI, directed Saharas to refund the amount collected from the investors within a period of six weeks.<br />
<br />
3. Appeals No.9813 and 9833 of 2011 were then preferred by Saharas against the above orders in which this Court by an order dated 28 period for making the refund upto 9th November, 2011 extended the th January, 2012 but finally disposed of the appeals by an order dated 31st August, 2012. This Court while doing so modified the order passed by the SEBI and the SAT and directed Saharas to deposit with the SEBI the amount collected by them through their RHPs together with interest @ 15% p.a. within a period of three months. The amount when deposited was directed to be invested in a nationalised bank to earn interest. Saharas were also directed to furnish details with supporting documents to establish whether they had refunded any amount to the investors who had subscribed through the RHPs in question. SEBI was then to examine the correctness of the details so furnished. Failure to prove the refund of the amount by Saharas had to give rise to an inference that Saharas had not refunded the amount to the real and genuine subscribers as directed by the SEBI. <br />
<br />
4. It is common ground that directions issued by this Court by its order dated 31st August, 2012 were not complied with. Instead Appeal No.221 of 2012 was preferred by Saharas before the SAT which was dismissed by the Tribunal as premature. This dismissal was assailed by the Saharas in C.A. No. 8643 of 2012 that came to be disposed of by a three-Judge Bench of this Court by an order dated 5th December, 2012 with the following among other directions:<br />
<br />
“(I) The appellants shall immediately hand over the Demand Drafts, which they have produced in Court, to SEBI, for a total sum of 5120/-Crores and deposit the balance in terms of the order of 31st August, 2012, namely, 17,400/- Crores and the entire amount, including the amount mentioned above, together with interest at the rate of 15 per cent, per annum, with SEBI, in two installments. The first installment of 10,000/-Crores, shall be deposited with SEBI within the first week of January, 2013. The remaining balance, along with the interest, as calculated, shall be deposited within the first week of February, 2013. The time for filing documents in support of the refunds made to any person, as claimed by the appellants, is extended by a period of 15 days. On receipt of the said documents, SEBI shall implement the directions contained in the order passed on 31st August, 2012. In default of deposit of the said documents within the stipulated period, or in the event of default of deposit of either of the two installments, the directions contained in paragraph 10 of the aforesaid order dated 31st August, 2012, shall immediately come into effect and SEBI will be entitled to take all legal remedies, including attachment and sale of properties, freezing of bank accounts etc. for realisation of the balance dues.”<br />
<br />
5. Pursuant to the above, Saharas deposited Rs.5120/- crores with the SEBI but failed to pay the remaining amount. The balance amount payable is in the vicinity of Rs.12280/- crores, exclusive of interest payable on the same. SEBI then filed Contempt Petitions No.412 and 413 of 2012 and, Contempt Petition No.260 of 2013 against the contemnors for non-compliance of the directions of this Court. Various orders have been passed in these contempt petitions from time to time, and those which are germane for our purpose, shall be adverted to hereinafter at the appropriate stage. The applications (IAs) which we are dealing with in this order, are filed in these contempt petitions and arise out of the earlier orders passed.<br />
<br />
6. It is pertinent to point out at this stage that in the course of the proceedings in the above contempt petitions some proposals appear to have been explored by the parties for compliance with the directions of this Court but all such proposal were found to be unsatisfactory eventually leading to the issue of non-bailable warrants against Mr. Subrata Roy Sahara for his production before this Court. Three other Directors of Saharas were also ordered to remain present before this Court.<br />
<br />
7. On 4th March, 2014 when the contemnors appeared before this Court one of them in custody, this Court recorded a finding that the directions issued by the Court by its order dated 31st August, 2012 and issued on 25th December, 2012 and those February, 2013 in CA No.8643 of 2012 and IA No.67 of 2013 had not been complied with, despite sufficient opportunities to the contemnors to do so. It was also held that contemnors had adopted dilatory tactics to delay the proceedings before the SEBI, the High Court and even before this Court. It was further found that no acceptable proposal was presented to comply with the directions of this Court which left no option for this Court except to commit three out of the four contemnors to judicial custody. The contemnors are, ever since the said order, in judicial custody in Delhi’s Tihar Jail. <br />
<br />
8. It is clear from the above narration that as per the orders passed, a huge amount of nearly Rs.33,000/- crores is yet to be deposited. It is also apparent that deadlines for depositing this amount are long over. No doubt various proposals have been given by Saharas for making payments but none has fructified. From the tenor of orders passed earlier, it can easily be gauged that these proposals did not inspire confidence. In this backdrop when the matter again came on 26th March, 2014, and the contemnors insisted on granting bail to them, this Court passed a conditional Order granting interim bail to the contemnors; the condition being that they deposit Rs.10,000/- crores. Out of this a sum of Rs.5,000/- crores had to be deposited in cash before this Court while the balance amount of Rs.5000/- crores had to be secured by a bank guarantee of a nationalised bank, furnished in favour of the SEBI. Upon compliance with those conditions the contemnors were directed to be released from the custody and the amount deposited by them to be transferred to the SEBI. Since we are directly concerned with this order, we may, as well, extract the same:<br />
<br />
“We have gone through the fresh proposal filed on 25.3.2014. Through the same is not in compliance with our Order dated 31.8.2012 or the Order passed by the three-Judge Bench of this Court on 5.12.2012 in Civil Appeal No.8643 of 2012 and on 25.2.2013 in I.A. No. 67 of 2013 in Civil Appeal No.9813 of 2011 with I.A. No.5 of 2013 in Civil Appeal No.9833 of 2011, we are inclined to grant interim bail to the contemnors who are detained by virtue of our order dated 4.3.2014, on the condition taht they would pay the amount of Rs.10,000 crores – out of which Rs.5,000 crores to be deposited before this Court and for the balance a Bank Guarantee of a nationalised bank be furnished in favour of S.E.B.I. and be deposited before this Court. On compliance, the contemnors be released forthwith and the amount deposited be released to S.E.B.I. We make it clear that this order is passed in order to facilitate the contemnors to further raise the balance amount so as to comply with the Court’s Orders mentioned above.”<br />
<br />
9. Instead of complying with the above directions Mr. Subrata Roy Sahara filed Writ Petition (Crl.) No. 57 of 2014 challenging the validity of the order of this Court dated 4 <br />
March, 2014 on the ground that the same was void and non-est in the eyes of law. A declaration to the effect that continued incarceration of the petitioner Mr. Subrata Roy Sahara in custody was illegal and a writ of habeas corpus and directions for release of the petitioner from custody were also prayed for. The said writ petition was heard by a Bench comprising Hon’ble K.S. Radhakrishnan and J.S. Khehar, J.J. and came to be dismissed vide detailed judgment dated 6 May, 2014.<br />
<br />
10. Having traversed in brief, the otherwise long journey of this case, we revert back to the IAs which are the subject matter of the instant order. In the present I.As. No.101-103 of 2014 filed in Contempt Petitions (C) No.412 and 413 of 2012 and Contempt Petitions (C) No. 260 of 2013, the contemnors have made the following prayers:<br />
<br />
“(a) Lift the restrictions imposed by this Hon’ble Court vide its order dated 21.11.2013 and SEBI’s order dated 13.2.2013, in respect of operation of the Bank Accounts/deposits/demat accounts/sale of securities mentioned at Annexure-A;<br />
<br />
(b) Lift the restrictions imposed by this Hon’ble Court vide its order dated 21.11.2013 and SEBI’s order dated 13.02.2013 in respect of the movable and immovable properties mentioned in Annexure B, 9th on condition that net proceeds (after costs and taxes) thereof be utilized exclusively for payment ordered by this Hon’ble Court.<br />
<br />
(c) pass such further or other order as this Hon’ble Court may deem fit and proper in the facts and circumstances of the present case.”<br />
<br />
11. Justice K.S. Radhakrishnan having demitted office and, Justice J.S. Khehar having recused himself from the further hearing of the case, the applications were listed before us for urgent hearing on 19th May, 2014 when the same were heard in part and directed to come up for continuation on 29 May, 2014. <br />
<br />
12. Appearing for the contemnors, Dr. Rajiv Dhawan made a three-fold submission before us. Firstly, he contended that the order passed by this Court on 26 th March, 2014 granting interim bail subject to the conditions stipulated in the said order deserved to be modified as the conditions stipulated therein were not only onerous but incapable of being complied with in the facts and circumstances of the case. Alternatively, he contended that compliance with the conditions stipulated by this Court would require sale of several items of immovable properties held by Sahara Group of companies which sales can be finalised only if the contemnors were enlarged from custody with a view to enable them to negotiate the sale transactions. He submitted that keeping in view the extent and nature of the properties which shall have to be sold as also the amounts that have been ordered to be deposited compliance with the conditions stipulated by this Court is extremely difficult, if not impossible, unless the contemnors are enlarged from jail and allowed to take steps necessary for compliance. It was further contended by Dr. Dhawan that the restraint orders against the sale of the moveable and immoveable properties held by the ‘Saharas’ made it impossible for them to arrange compliance unless the embargo placed upon such sale and transfer by this Court’s Order dated 21 SEBI on 13th November, 2013 and that passed by February, 2013 are lifted. He argued that even if the contemnors were not enlarged on bail till such time the directions issued by this Court on 26th March, 2014 were not complied with, the restraint orders would prevent the contemnors from raising necessary funds to comply with the directions issued by this Court. He urged that the total amount currently lying in several bank accounts and/or invested with banks and companies in the form of FDs, Bonds and securities etc. came to Rs.2500/- crores approximately. The broad details of the amounts so available have been given by Saharas in the note submitted by Dr. Dhawan as under: <br />
<br />
Details of approx. Rs 2500 Crores along with interest accrued thereon to be paid by Saharas within 5 working days of lifting the embargo (Pg 39 – 54)<br />
<br />
a) Fixed Deposits 1688.74 crores<br />
b) Savings Account 464.44 crores <br />
c) Current Account 18.45 crores<br />
a) Securities & Bonds 142.86 crores <br />
b) Government Bonds 72.33 crores<br />
c) Bank/PSU Bond 34.85 crores<br />
-------------------<br />
2421.67 crores<br />
------------------- <br />
<br />
Total approx. Rs 2500 crores along with interest accrued thereon<br />
<br />
13. Encashment of the FDs, sale and transfer of the bonds and securities would, argued Dr. Dhawan, help the contemnors to partly comply with the directions regarding deposit of Rs.5000/- crores by moping Rs.2500/- crores. A further sum of Rs.2500/- crores approximately would have to be raised for deposit which will be possible only by sale of the immovable properties situated in nine different cities details whereof were filed by Dr. Dhawan in the form of a statement with the estimated value of such properties which is as under:<br />
<br />
Sr. No. Properties Valuation as per Page Nos. Of the Valuation Report (Rs. In crores) Volume I<br />
1. Pune 575 60 – 76 @ 73<br />
2. Ahmedabad 470 81 -98 @ 94<br />
3. Amritsar 153.75 99 – 127 @ 111<br />
4. Chauma 1430 128 -148 @ 140<br />
5. Vasai 1169.72 143 – 160 @ 149<br />
6. Ajmer 160 161 -175 @ 167<br />
7. Bhavnagar 103 176 – 191 @ 188<br />
8. Jodhpur 112 192 -208 @ 204<br />
9. Bhopal 125 209 – 224 222<br />
TOTAL 4298.47<br />
<br />
14. It was submitted that sale of the above items of property may also not fully satisfy the conditions stipulated by this Court for grant of interim bail thereby leave no option for Saharas except to sell three other items of hotel properties situated outside the country. One of these hotels by the name Grosvenor House is situated in London while the remaining two hotels are in New York (U.S.A.). It was urged that the said three items of property also need to be sold to raise the margin money which the banks concerned insist upon to enable them to issue a bank guarantee. It was submitted that while the contemnors propose to mortgage Aamby Valley properties, details whereof are given in the Annexure B to I.As. No.101-103, the contemnors would require funds to service any financial arrangement made with the bank/banks. It was also contended that according to the estimate of the contemnors, the properties situated in London and New York would fetch an amount of Rs.5,000/- crores to the contemnors which may be utilised in full or in part towards the margin money necessary for obtaining the bank guarantee(s). The estimated value of these three properties is indicated by the contemnors as under : <br />
<br />
Shares of entities owning the following offshore properties <br />
Grosvenor House,<br />
London Plaza Hotel,<br />
New York<br />
Dreams<br />
Downtown<br />
Hotel, New<br />
York<br />
Value as per<br />
the Valuation<br />
report<br />
GBP 516,000,000<br />
Rs<br />
50,929,200,000 <br />
USD<br />
592,000,000<br />
Rs<br />
34,336,000,000<br />
USD<br />
252,000,000<br />
Rs<br />
14,616,000,000<br />
Expected Sales<br />
Value<br />
GBP 645,000,000<br />
Rs 63,661,500,000<br />
USD 635,000,000<br />
Rs 36,830,000,000<br />
USD 252,000,000<br />
Rs 14,616,000,000<br />
Total Rs<br />
115,107,500,000<br />
Immediate<br />
Advances<br />
expected<br />
USD 50,000,000<br />
Rs 2,900,000,000<br />
USD 50,000,000<br />
Rs 2,900,000,000<br />
USD 50,000,000<br />
Rs 2,900,000,000<br />
USD<br />
150,000,000<br />
Rs<br />
8,700,000,000<br />
Page No.<br />
667-Vol III<br />
415-Vol III<br />
231-Vol III<br />
Net<br />
Realistic<br />
Equity<br />
Value to<br />
Sahara in<br />
India<br />
Rs 50,366,156,000<br />
<br />
15. On behalf of the respondent-SEBI it was argued by Mr. Venugopal that he has no objection to the encashment of the FD receipts and other securities and bonds etc. provided the maturity value and sale consideration of such FDRs, securities and bonds is directed to be deposited in the designated bank account of SEBI viz. SEBI Sahara Refund Account bearing No.012210110003740 with the Bank of India, Bandra Kurla Complex Branch, Mumbai. As regards sale or mortgage of properties situated in nine different cities mentioned above, Mr. Venugopal submitted that appropriate safeguards need be provided for such sale and transfer. Mr. Venugopal suggested the following safeguards in this regard:<br />
<br />
(i) Details of valuation, buyer(s) and terms of sales together with letter (s) of intent be submitted in advance to this Hon’ble Court;<br />
<br />
(ii) Buyer(s) ought not to be related party/parties qua the Sahara Group entities/Director etc. and an affidavit of undertaking to that effect be filed in this Hon’ble Court.<br />
<br />
(iii) The sale proceeds be deposited by the buyer directly to the designated Bank Account of SEBI viz. “SEBI-Sahara Refund Account” bearing No.012210110003740 with Bank of India, Bandra-Kurla Complex Branch, Mumbai; and<br />
<br />
(iv) Actual release of title deeds by SEBI to the buyer be made only upon receipt of sale proceeds in the aforementioned Bank Account.<br />
<br />
16. A direction to the effect that the sale of the properties shall not be for a price lesser than the circle rates prescribed for the area where the properties are situated was also suggested as an additional safeguard, by the learned counsel. It was also submitted by Mr. Venugopal that so long as the valuation of the assets situated outside the country is fair and reasonable, the SEBI had no objection to the sale thereof to enable the contemnors to raise funds necessary for compliance with the directions of this Court. <br />
<br />
17. We have given our careful consideration to the submissions made at the bar. It is apparent, from the submissions made at the bar, that these IAs have two limbs: In the first instance, the contemnors want relaxation in the restraint orders over the Bank deposits and immovable properties to comply with the directions of this Court regarding deposit of the amounts. That part of the prayer does not pose any difficulty, as the same is in aid of compliance with the directions of this Court. Second set of prayers is for grant of bail or relaxation of jail conditions in the interregnum. Here, we have our reservations. We are not inclined to modify order dated 26th March, 2014 granting interim bail to the contemnors upon conditions stipulated in the said order. We say so because the background in which the contemnors came to be committed to the jail and the finding recorded by the Court that they have at all earlier stages tried to adopt dilatory tactics and avoided to comply with the orders passed by the Court does not in our view call for any modification of the terms on which the contemnors can be released. Dr. Dhawan pleaded, in the alternative, that the least which could be done was to shift the contemnors from Tihar Jail to a guest house for incarceration to enable them to take decisions that are necessary for compliance with the directions issued by this Court. This request was opposed by Mr. Venugopal, according to whom similar requests made repeatedly over several hearings in the past have been declined by this Court, although no specific order refusing the same was recorded. In support of that submission, our attention was drawn to the averments made by the applicant in I.As No.2 to 4 filed by them on 20th May, 2014 which averments clearly show that similar prayers were indeed made in the past also. <br />
<br />
18. Apart from the fact that the prayer now made is a repetition of similar prayers made in the past which have not cut any ice with the bench hearing the matter, we see no reason to make a departure from the usual course in the present case. The Bench has passed a conditional bail order after due and proper consideration having regard to the attendant circumstances including conduct of the contemnors. The order can be modified only under very compelling circumstances. The only reason given by the applicants is that interim release or transfer of the contemnors to a guest house would enable them to dispose of the properties speedily and enable them to arrange for the requisite Bank Guarantees. We don’t think so. It is noteworthy that the total amount to be deposited is between Rs. 33000/- to Rs. 35000/- crores. To show their bonafides, the contemnors have been directed to deposit less than 1/3rd of that amount as a condition for bail. After all, even when this part of the order is complied with and the contemnors are set free, they will have to arrange the deposit of the balance amount, which again is very substantial. That apart, it is not the case of the contemnors that they or anyone of them suffers from any medical condition that calls for hospitalisation or an atmosphere conducive for recovery from any disease. This Court has already issued directions permitting visitation to those who need to visit the contemnors in jail. That arrangement has not been found to be inadequate as at present so to call for any change. <br />
<br />
19. The prayer for modification of the order, accordingly, fails. <br />
<br />
20. We, however, find considerable merit in the submission made by Dr. Dhawan that the restraint order issued by the SEBI and by this Court forbidding transfer and alienation of moveable and immoveable assets by the Sahara Group of companies has the effect of preventing the contemnors from complying with the directions of this Court which require them to deposit Rs.5,000/- crores in cash besides a bank guarantee for a similar amount of Rs.5,000/- crores. While it is true that the contemnors stand committed to prison for their non-compliance with the directions of this Court, nothing should prevent them from taking steps to comply with the said directions or the conditions subject to which they have been granted interim bail. Restraint against transfer of the assets by the contemnors and the companies promoted by them precisely has the effect of doing so. The question, however, is as to what extent should the orders of restraint be modified. That aspect assumes importance because of the fact that Saharas need to eventually deposit a substantial amount which according to the current estimate may be in the neighbourhood of Rs. 30,000 to Rs. 35,000 crores inclusive of interest accrued on the principal amount. Sale of valuable properties at a price lesser than the market value of such assets is bound to prejudicially affect the interest of the depositors and defeat the orders passed by this Court in its letter and spirit. That is particularly so because according to Mr. Venugopal, SEBI is unable to value the properties or process the sale and transfer thereof. It was in that background that we had indicated to Dr. Dhawan learned counsel for the appellants that the restraint orders cannot be lifted in toto and that Saharas should come forward with a<br />
proposal for sale of such properties as were sufficient to comply with the interim bail direction of this Court regarding deposit of Rs.5,000/- crores in cash and a bank guarantee of Rs.5.000/- in addition. Dr. Dhawan has pursuant to that observation confined his prayer for permission to sell/transfer only nine items of properties situated in nine different cities in the country and disclosed the estimated value of such property in the statement which we have extracted above. Dr. Dhawan on instructions made a statement that although the note filed by him mentions the names of nine different cities without giving details of the properties situated in those cities but the fact remains that the properties referred to in the note are only nine in number and no more. <br />
<br />
21. Keeping in view the total number of properties held by Sahara Group of companies, transfer of sale and/or mortgage of the nine items of properties situated in nine cities mentioned in the note and extracted above should, in our opinion, suffice to enable the contemnors to comply with the 26th March, 2014 directions of this Court. In order, however, to ensure that the sale value is fair and reasonable, we need to make it clear that no item of property shall be sold at a price lesser than the circle value of the properties fixed for the area where such property is located.<br />
<br />
22. As regards properties situated in London and New York we have by an interlocutory Order passed on 29 2014 directed the contemnors to furnish certain additional information necessary for permitting the sale of the said assets. The information demanded includes permission/approval from the Bank of China with whom the said properties are mortgaged and shares held by Saharas for repayment of the loans borrowed from the said bank hypothecated/pledged. We have also directed Saharas to get the amount outstanding towards the loan transactions qua the said properties confirmed from the Bank of China so as to give us a clear picture of the extent of liability that remains to be discharged against the said assets. The fact that the valuation reports regarding the three assets were prepared at the instance of the Bank of China shall also have to be verified and 22th May, confirmed by the Bank of China, especially because no sale of the assets in question can be permitted at a price lesser than the price at which the said assets have been valued by the valuers who are said to be valuers of repute. Directions regarding sale of the assets outside the country can, therefore, await the furnishing of information and verification of the facts. <br />
<br />
23. In the result we dispose of these I.As with the following directions:<br />
<br />
(i) The prayer for modification of the termsstipulated in our order dated 26th March, 2014 granting interim bail to the contemnors is declined and the I.As to that extent dismissed.<br />
<br />
(ii) Prayer for shifting the contemnors to a guest house for continued custody and detention till they comply with the directions of this Court for their release on interim bail is also declined and the I.As dismissed to that extent.<br />
<br />
(iii) Orders dated 21st November, 2013 passed by this Court and that dated 23th February, 2013 passed by SEBI restraining sale and transfer of moveable and immoveable properties held by Saharas are modified to the following extent:<br />
<br />
(a) FDs, bonds and securities held by Sahara Group of companies may be encashed by the holders thereof subject to the condition that the maturity value/sale consideration of such FDs, bonds and securities shall be deposited in the designated bank account of SEBI referred to in the earlier part of this order and details of such maturity values and sale consideration furnished to this Court on affidavit to be filed within four weeks from the date the FDs, bonds and securities are encashed, sold and/or transferred. <br />
<br />
(b) Immovable properties owned by Sahara Group of companies situated in 9 different cities mentioned in the note filed by Dr. Dhawan and extracted in the body of this order with an estimated value of Rs.2500/- crores are permitted to be sold by the companies/other entities persons in whose names such properties are held subject to the condition that such sales are not for a price lower than the estimated value indicated in the statement filed before this Court or the circle rates fixed for the area in which such properties are situated. The seller shall furnish to this Court the details of the valuation of the properties sold and the terms of sales together with a declaration that the purchasers is not a related party qua Saharas. Needless to say that upon deposit of the sale consideration the title deeds of the property shall be released by SEBI in favour of the purchaser(s).<br />
<br />
(c) The sale consideration of the properties less transaction cost and statutory dues on the same shall be deposited with the SEBI to the extent the same is necessary to make a total deposit of Rs.5,000/- crores inclusive of the maturity value and sale proceeds of the FDs, bonds and securities etc. permitted to be encashed and sold in terms of direction (iii) (a) above. The balance/excess amount of the sale consideration shall be deposited by Saharas in a separate account to be opened in a nationalised bank which deposit shall remain subject to further orders of this Court. <br />
<br />
(d) Saharas are also permitted to charge its immovable properties situated in Aamby Valley (Pune), the details whereof are given in Annexure B to IAs No.101-103, for purposes of furnishing a bank guarantee for an amount of Rs.5,000/crores and/or for deposit of Rs.5,000/- crores if there is any shortfall despite encashment and sales permitted in terms of (iii)(a) and (iii)(b) above.<br />
<br />
(e) In modification of the orders dated 26 March, 2014, we direct that the Bank guarantees to the tune of Rs.5000/- crores shall be furnished from 25th a nationalised bank or a scheduled bank only. Co-operative Bank Guarantees shall not suffice. <br />
<br />
(iv) In so far as sale of the three properties situated outside the country are concerned, the question is left open to be determined after the requisite documents/information is made available by Sahara in terms of our order dated 29th May, 2014. <br />
<br />
(v) Keeping in view the importance of the issues that fall for determination in these proceedings and the ramifications that the directions issued by this Court may have as also the fact that one very important order which is sought to be enforced in these proceedings was passed by a three-Judge Bench, we refer these proceedings to a three-Judge Bench to be constituted by the Hon’ble Chief Justice of India.<br />
<br />
(vi) We are further of the view that having regard to the nature of these proceedings and the stakes that are involved, we need to appoint an amicus curiae. We accordingly, request Mr. F.S. Nariman, Senior Advocate to assist the Court as an amicus curiae. Shri Nariman shall be free to associate two juniors of his choice to brief him in the matter.<br />
<br />
(vii) We direct that the Amicus curiae shall be paid his fee @ Rs.1,10,000/- per hearing while the juniors assisting him shall be paid Rs.10,000/- per person for every hearing. The amount so due shall be paid by SEBI by debit to account Saharas. <br />
<br />
………………….……….…..…J.<br />
New Delhi<br />
June 4, 2014<br />
(T.S. THAKUR)<br />
………………….……….…..…J.<br />
(A.K. SIKRI)<br />
<br />
ITEM NO.1A COURT NO.3 SECTION XVII<br />
S U P R E M E C O U R T O F I N D I A<br />
RECORD OF PROCEEDINGS<br />
I.A. No(s). 101-103 in Contempt Petition(s)(Civil) No(s). 412 &<br />
413 of 2012 in Civil Appeal No(s). 9813 & 9833 of 2011 and<br />
Contempt Petition(s) Civil Nos(s). 260 of 2013 in Civil Appeal<br />
No(s). 8643 of 2012. <br />
S.E.B.I. .. Appellant(s)<br />
VERSUS<br />
SAHARA INDIA REAL ESTATE CORPORATION LTD. & ORS.. Respondents(s)<br />
Date : 04/06/2014 These applications were called on for <br />
pronouncement of judgment today.<br />
<br />
For Appellant(s) <br />
Mr. Gaurav Nair, Adv.for<br />
M/s. K.J. John & Co.<br />
<br />
For Respondent(s) <br />
Mr. S. Ganesh, Sr.Adv.<br />
Mr. Gaurav Kejriwal, Adv.<br />
Mr. Keshav Mohan, Adv.<br />
Mr. Sandeep Bajaj, Adv.<br />
Mrs.Shally Bhasin Maheshwari,Adv.<br />
Mr. Gautam Awasthi, Adv.<br />
Mr. Vishwa Pal Singh, Adv.<br />
<br />
Hon'ble Mr. Justice T.S. Thakur pronounced the judgment of the Bench comprising His Lordship and Hon'ble Mr. Justice A.K. Sikri.<br />
<br />
Keeping in view the importance of the issues that fall for determination in these proceedings and the ramifications that the directions issued by this Court may have as also the fact that one very important order which is sought to be enforced in these proceedings was passed by a three-Judge Bench, we refer these proceedings to a three-Judge Bench to be constituted by the Hon’ble Chief Justice of India.<br />
<br />
I.A.Nos.101-103 are disposed of in terms of the judgment.<br />
(USHA BHARDWAJ) (RENUKA SADANA)<br />
AR-cum-PS COURT MASTER<br />
(SIGNED REPORTABLE JUDGMENT IS PLACED ON THE FILE)</div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-87647593589477416132014-06-24T16:49:00.000+05:302014-06-24T16:49:27.169+05:30Swiss Government Prepares List of Indians With Suspected Black Money<div dir="ltr" style="text-align: left;" trbidi="on">
Zurich: In a major boost to India's fight against black money,
Switzerland has prepared a list of Indians suspected to have stashed
un-taxed wealth in its banks and the details are being shared with
Indian government.<br /><br />The names of these Indian individuals and
entities have come under scanner of the Swiss authorities during an
ongoing exercise to identify real beneficiary owners of funds held in
various banks operating in Switzerland, a senior Swiss government
official said.<br />
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<br />"These individuals and entities are suspected to
have held un-taxed money in Swiss banks through structures like trusts,
domiciliary companies and other legal entities based out of countries
other than India," the official said.<br /><br />He refused to divulge the
identity of these persons and entities, as also the quantum of funds
held by them in Swiss banks, citing confidentiality clause of the
bilateral information exchange treaty between the two countries.<br /><br />The
official further said that Swiss authorities were very keen to work
with the new government in India and they would also provide all
necessary support to the newly set up Special Investigation Team (SIT)
on black money.<br /><br />He, however, dismissed claims that black money
stashed in Swiss banks by Indians could be trillions of dollars, as the
latest Swiss National Bank data pegs the total foreign client money
across 283 banks in Switzerland at US $1.6 trillion.<br /><br />When asked
about rise in Indian exposure to Swiss banks at 2.03 billion Swiss
francs (Rs. 14,000 crore), he said these are the funds held by clients
who have declared themselves as Indian and therefore were unlikely to be
ill-gotten wealth.<br /><br />While declining to be named, as he is not
authorised to speak to media, the senior official further said the
details are being shared with India on a 'spontaneous' basis and are
different from the information sought earlier by the Indian authorities
on the basis of 'leaked' or 'stolen' lists of certain banks, including
the so-called 'HSBC list'.<br /><b>Courtesy:<br />For NDTV Updates, <br />All India | Press Trust of India | Updated: June 22, 2014 15:28 IST<br />Story First Published: June 22, 2014 15:27 IST</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-47309510175011813692014-06-24T15:55:00.000+05:302014-06-24T16:12:22.006+05:30Helicopter Purchase Scam: NCP Against Sacking Goa Guv<div dir="ltr" style="text-align: left;" trbidi="on">
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The NCP today opposed Goa BJP's demand to sack state governor B V Wanchoo stating that no action can be initiated against him in the helicopter purchase scam unless the CBI comes out with specific findings involving him in the case.<br />
<br />
"Why should he be asked to resign ? He is just being questioned by CBI. Let them (CBI) come with some findings against him before asking him to resign. BJP is trying to run their political agenda through this demand," NCP Goa Spokesman Trojano D’Mello told reporters here today.<br />
<br />
The Goa unit of BJP on Monday had demanded Wanchoo's resignation for being investigated in the AugustaWestland VVIP chopper purchase issue. The CBI intends to question Wanchoo as a witness in the case.<br />
<br />
The party had demanded that the governor should step down, or be sacked, if he refuses to quit voluntarily.<br />
<br />
"The sudden outburst of the BJP demanding resignation of the governor is a clear indication that the party has lost confidence in Prime Minister Narendra Modi. This also indicates that BJP has not overcome the hangover of being an opposition party," he said.<br />
<br />
"What does the local unit of BJP has to do with it ? Let Prime Minister and Central Cabinet take a decision on it. If the BJP is really worried about tainted people in power, they should sack two of its state ministers against whom chargesheets are filed in the courts," D'Mello said.<br />
<br />
State Tourism Minister Dilip Parulekar and State Sports Minister Ramesh Tawadkar have been chargesheeted in different cases before the court, and their trial is pending.<br />
<b>Courtesy:<br />Panaji | Jun 24, 2014<br />FILED ON: Jun 24, 2014 14:59 IST<br />http://www.outlookindia.com/news/article/Helicopter-Purchase-Scam-NCP-Against-Sacking-Goa-Guv/846216</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-44147198825188478982014-06-20T20:44:00.000+05:302014-06-20T20:47:16.264+05:30Supreme Court Judgement for CBI Inquiry against Chit Fund Companies<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: 14.0pt; line-height: 115%;">ITEM No. 1A Court No.
4 SECTION PIL</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">(For Judgment)</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
S U P R E M E C O U R T O F I N D I A</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">RECORD OF PROCEEDINGS</span></div>
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WRIT PETITION (C) No. 401 of 2013</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
SUBRATA CHATTORAJ Petitioner (s)</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">VERSUS<br />
UNION OF INDIA AND ORS. Respondent (s)</span></div>
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<br /></div>
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<span style="font-size: 14.0pt; line-height: 115%;">with<br />
W.P.(C) NO. 402 OF 2013</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">T.P.(C) No. 445 of
2014</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">W.P.(C) NO. 413 OF
2013</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">W.P.(C) NO. 324 OF
2014</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Date : 09.05.2014
These Petitions were called on for judgment today.<br />
<br />
For Appellant (s) Mr. BikasRanjan Bhattacharya, Sr. Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Ashok Bhan, Sr.
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr.
SubhashishBhowmick, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Ravi Shankar
Chattopadhayay, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Anindya Sunder
Das, adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. K.C.Mittal, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Ms. NitiLuthra, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Dipak
Bhattacharya, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Rajeev Singh, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Suresh Chandra
Tripathy, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. S.K.Sabharwal,
Adv.</span></div>
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For Respondent(s) </span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Ms. Kirti Renu Mishra,
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. SiddharthLuthra,
ASG</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Shadman Ali, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Ashok DHamija,
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. B.V.Balaram Das,
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. ArjunDewan, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Gurmohan Singh,
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Ms. SushmaSuri, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Samil Khan, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. BhargavaV.Desai,
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Sajith P., Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. B.K.Prasad, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr.
SenthilJagadeessan, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Ms. Liz Mathew, adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Sumit Kumar, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Snehasish
Mukherjee, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. C.S.Vaidyanathan,
Sr. Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">MS.
HarpriyaPadmanabhan, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr.Vikramaditya, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Suhaan Mukherjee,
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. K.S. Bose, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. AnipSachthey, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. PrateekJalan, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr.
SIddharthBhatnagar, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. PrasenjitKeswani,
adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Ms. Sonia, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. S.Chakraborty,
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">M/s. Legal Options</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. Ramesh Babu M.R.,
Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Mr. D.S.Mahra, Adv.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
Hon'ble Mr. Justice T.S.Thakur pronounced Judgment of the Bench comprising His
Lordship and Hon'ble Mr. Justice C.Nagappan.</span></div>
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<br /></div>
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<span style="font-size: 14.0pt; line-height: 115%;">The writ petitions and
transfer petition are disposed of in terms of the signed judgment. No costs.</span></div>
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<br /></div>
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<span style="font-size: 14.0pt; line-height: 115%;">(ShashiSareen)
(SarojSaini)</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Court Master Court
Master</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
Signed Reportable judgment is placed on the file.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">....................................................................................................................................</span></div>
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<br /></div>
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<span style="font-size: 14.0pt; line-height: 115%;">REPORTABLE<br />
IN THE SUPREME COURT OF INDIA</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">CIVIL ORIGINAL
JURISDICTION</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">WRIT PETITON (CIVIL)
NO.401 OF 2013</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
SubrataChattoraj ...Appellant</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Versus<br />
Union of India &Ors. ...Respondents</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
WITH<br />
WRIT PETITON (CIVIL) NO.402 OF 2013</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">AND<br />
T.P. (C) NO.445 OF 2014</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">AND<br />
WRIT PETITON (CIVIL) NO.413 OF 2013</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
Alok Jena ...Appellant</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">Versus<br />
Union of India &Ors. ...Respondents</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
WITH<br />
WRIT PETITON (CIVIL) NO.324 OF 2014</span></div>
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<br /></div>
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<span style="font-size: 14.0pt; line-height: 115%;">J U D G M E N T</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;">T.S. THAKUR, J.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
1. Writ Petitions seeking transfer of investigation from the State Agencies to
the Central Bureau of Investigation (CBI) under the Delhi Special Police
Establishment Act, is by no means uncommon in the High Courts in this country.
Some, if not most of such cases in due course travel to this Court also, where,
issues touching the powers of the High Courts and at times the power of this
Court to direct such transfers are raised by the parties. The jurisdictional
aspect is, however, no longer res integra, the same having been answered
authoritatively by a Constitution Bench of this Court in State of West Bengal
& Ors. </span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
v. Committee for Protection of Democratic Rights, West Bengal & Ors. (2010)
3 SCC 571. This Court in that case was examining whether the federal structure
and the principles of separation of powers, made it impermissible for the
superior courts to direct transfer of investigation from the State Police to
the CBI. Rejecting the contention, this Court held that power of judicial
review itself being a basic feature of the Constitution, the writ courts could
issue appropriate writ, directions and orders to protect the fundamental rights
of the citizens. This Court observed:<br />
<br />
"51. The Constitution of India expressly confers the power of judicial
review on this Court and the High Courts under Articles 32 and 226
respectively. Dr. B.R. Ambedkar described Article 32 as the very soul of the
Constitution--the very heart of it--the most important article. By now, it is
well settled that the power of judicial review, vested in the Supreme Court and
the High Courts under the said articles of the Constitution, is an integral
part and essential feature of the Constitution, constituting part of its basic
structure. Therefore, ordinarily, the power of the High Court and this Court to
test the constitutional validity of legislations can never be ousted or even
abridged. Moreover, Article 13 of the Constitution not only declares the
pre-Constitution laws as void to the extent to which they are inconsistent with
the fundamental rights, it also prohibits the State from making a law which
either takes away totally or abrogates in part a fundamental right. Therefore,
judicial review of laws is embedded in the Constitution by virtue of Article 13
read with Articles 32 and 226 of our Constitution.<br />
<br />
52. It is manifest from the language of Article 245 of the Constitution that
all legislative powers of Parliament or the State Legislatures are expressly made
subject to other provisions of the Constitution, which obviously would include
the rights conferred in Part III of the Constitution. Whether there is a contravention
of any of the rights so conferred, is to be decided only by the constitutional
courts, which are empowered not only to declare a law as unconstitutional but
also to enforce fundamental rights by issuing directions or orders or writs of
or "in the nature of" mandamus, certiorari, habeas corpus,
prohibition and quo warranto for this purpose.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
53. It is pertinent to note that Article 32 of the Constitution is also
contained in Part III of the Constitution, which enumerates the fundamental
rights and not alongside other articles of the Constitution which define the
general jurisdiction of the Supreme Court. Thus, being a fundamental right
itself, it is the duty of this Court to ensure that no fundamental right is
contravened or abridged by any statutory or constitutional provision. Moreover,
it is also plain from the expression "in the nature of" employed in clause
(2) of Article 32 that the power conferred by the said clause is in the widest
terms and is not confined to issuing the high prerogative writs specified in
the said clause but includes within its ambit the power to issue any directions
or orders or writs which may be appropriate for enforcement of the fundamental
rights. Therefore, even when the conditions for issue of any of these writs are
not fulfilled, this Court would not be constrained to fold its hands in despair and plead its inability to help the citizen who has
come before it for judicial redress (per P.N. Bhagwati, J. in BandhuaMukti Morcha
v. Union of India (1984) 3 SCC 161)."</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
2. This Court summed up the conclusions in the following words:</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">"68. Thus, having
examined the rival contentions in the context of the Constitutional Scheme, we
conclude as follows:</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
(i) The fundamental rights, enshrined in Part III of the Constitution, are
inherent and cannot be extinguished by any Constitutional or Statutory provision.
Any law that abrogates or abridges such rights would be violative of the basic
structure doctrine. The actual effect and impact of the law on the rights guaranteed
under Part III has to be taken into account in determining whether or not it destroys
the basic structure.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
(ii) Article 21 of the Constitution in its broad perspective seeks to protect
the persons of their lives and personal liberties except according to the procedure
established by law. The said Article in its broad application not only takes
within its fold enforcement of the rights of an accused but also the rights of
the victim. The State has a duty to enforce the human rights of a citizen
providing for fair and impartial investigation against any person accused of commission of a
cognizable offence, which may include its own officers. In certain situations
even a witness to the crime may seek for and shall be granted protection by the
State.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
(iii) In view of the constitutional scheme and the jurisdiction conferred on
this Court under Article 32 and on the High Courts under Article 226 of the Constitution
the power of judicial review being an integral part of the basic structure of
the Constitution, no Act of Parliament can exclude or curtail the powers of the
Constitutional Courts with regard to the enforcement of <span style="mso-spacerun: yes;"> </span>fundamental rights. As a matter of fact, such
a power is essential to give practicable content to the objectives of the Constitution embodied in Part III
and other parts of the Constitution. Moreover, in a federal constitution, the
distribution of legislative powers between the Parliament and the State
Legislature involves limitation on legislative powers and, therefore, this
requires an authority other than the Parliament to ascertain whether such
limitations are transgressed. Judicial review acts as the final arbiter not
only to give effect to the distribution of legislative powers between the
Parliament and the State Legislatures, it is also necessary to show any transgression
by each entity. Therefore, to borrow the words of Lord Steyn, judicial review
is justified by combination of "the principles of separation of powers,
rule of law, the principle of constitutionality and the reach of judicial
review".</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
(iv) If the federal structure is violated by any legislative action, the
Constitution takes care to protect the federal structure by ensuring that
Courts act as guardians and interpreters of the Constitution and provide remedy
under Articles 32 and 226, whenever there is an attempted violation. In the circumstances,
any direction by the Supreme Court or the High Court in exercise of power under
Article 32 or 226 to uphold the Constitution and maintain the rule of law
cannot be termed as violating the federal structure.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
(v) Restriction on the Parliament by the Constitution and restriction on the
Executive by the Parliament under an enactment, do not amount to restriction on the power of the Judiciary under Article 32 and 226 of the Constitution.<br />
<br />
(vi) If in terms of Entry 2 of List II of The Seventh Schedule on the one hand
and Entry 2A and Entry 80 of List I on the other, an investigation by another agency
is permissible subject to grant of consent by the State concerned, there is no
reason as to why, in an exceptional situation, court would be precluded from
exercising the same power which the Union could exercise in terms of the
provisions of the Statute. In our opinion, exercise of such power by the constitutional
courts would not violate the doctrine of separation of powers. In fact, if in
such a situation the court fails to grant relief, it would be failing in its
constitutional duty.</span></div>
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<span style="font-size: 14.0pt; line-height: 115%;"><br />
(vii) When the Special Police Act itself provides that subject to the consent
by the State, the CBI can take up investigation in relation to the crime which was
otherwise within the jurisdiction of the State Police, the court can also
exercise its constitutional power of judicial review and direct the CBI to take up the
investigation within the jurisdiction of the State. The power of the High Court
under Article 226 of the Constitution cannot be taken away, curtailed or
diluted by Section 6 of the Special Police Act. Irrespective of there being any
statutory provision acting as a restriction on the powers of the Courts, the
restriction imposed by Section 6 of the Special Police Act on the powers of the
Union, cannot be read as restriction on the powers of the Constitutional
Courts. Therefore, exercise of power of judicial review by the High Court, in
our opinion, would not amount to infringement of either the doctrine of
separation of power or the federal structure.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
69. In the final analysis, our answer to the question referred is that a
direction by the High Court, in exercise of its jurisdiction under Article 226
of the Constitution, to the CBI to investigate a cognizable offence alleged to
have been committed within the territory of a State without the consent of that
State will neither impinge upon the federal structure of the Constitution nor
violate the doctrine of separation of power and shall be valid in law. Being the
protectors of civil liberties of the citizens, this Court and the High Courts
have not only the power and jurisdiction but also an obligation to protect the
fundamental rights, guaranteed by Part III in general and under Article 21 of
the Constitution in particular, zealously and vigilantly" (emphasis supplied)</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">3. Having said that
this Court sounded a note of caution against transfer of cases to CBI for mere
asking and observed:</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">"70. Before
parting with the case, we deem it necessary to emphasise that despite wide
powers conferred by Articles 32 and 226 of the Constitution, while passing any
order, the Courts must bear in mind certain self-imposed limitations on the
exercise of these Constitutional powers. The very plenitude of the power under
the said Articles requires great caution in its exercise. In so far as the
question of issuing a direction to the CBI to conduct investigation in a case is concerned,
although no inflexible guidelines can be laid down to decide whether or not
such power should be exercised but time and again it has been reiterated that
such an order is not to be passed as a matter of routine or merely because a party has
levelled some allegations against the local police. This extra-ordinary power must be exercised sparingly, cautiously and in exceptional situations where it
becomes necessary to provide credibility and instill confidence in investigations
or where the incident may have national and international ramifications or
where such an order may be necessary for doing complete justice and enforcing the
fundamental rights. Otherwise the CBI would be flooded with a large number of
cases and with limited resources, may find it difficult to properly investigate
even serious cases and in the process lose its credibility and purpose with
unsatisfactory investigations." (emphasis supplied)</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
4. We may at this stage refer to a few cases in which this Court has either
directed transfer of investigation to the CBI or upheld orders passed by the
High Court directing such transfer. </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
5. In Inder Singh v. State of Punjab (1994) 6 SCC 275 this Court was dealing
with a case in which seven persons aged between 14 to 85 were alleged to have
been abducted by a senior police officer of the rank of Deputy Superintendent
of Police in complicity with other policemen. Since those abducted were not heard
of for a considerable period, a complaint was made against their abduction and
disappearance before the Director General of Police of the State. It was
alleged that the complaint was not brought to the notice of the Director
General of Police (Crime). Instead his P.A. had marked the same to the I.G.
(Crime) culminating in an independent inquiry through the Superintendent of
Police, Special Staff, attached to his office. The report of the Superintendent
of Police recommended registration of a case against the officials concerned
under Section 364 of the IPC. Despite the said recommendation no case was
registered on one pretext or the other against the concerned police officer
till 23rd March, 1994. It was at this stage that a writ petition was filed
before this Court under Article 32 of the Constitution of India for a fair,
independent and effective investigation into the episode. Allowing the petition
this Court directed an independent investigation to be conducted by the CBI
into the circumstances of the abduction of seven persons; their present whereabouts
or the circumstances of their liquidation. An inquiry was also directed into
the delay on the part of the State Police in taking action between 25th January
1992 when the complaint was first lodged and 23rd March, 1994 when the case was
finally registered.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
6. In R.S. Sodhi Advocate v. State of U.P. and Ors. 1994 (Supp) (1) SCC 143
this Court was dealing with a petition under Article 32 of the Constitution of
India seeking an independent investigation by the CBI into a police encounter
resulting in the killing of ten persons. The investigation into the incident
was being conducted at the relevant point of time by an officer of the rank of
Inspector General level. The State Government also appointed a one-member Commission
headed by a sitting Judge of the Allahabad High Court to inquire into the
matter. This Court found that since the local police was involved in the
alleged encounter an independent investigation by the CBI into what was according
to the petitioner a fake encounter, was perfectly justified. This Court held
that, however, faithfully the police may carry out the investigation, the same
will lack `credibility' since the allegations against them are serious. Such a
transfer was considered necessary so that all those concerned including the
relatives of the deceased feel assured that an independent agency was looking
into the matter thereby lending credibility to the outcome of the
investigation. This Court observed: </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">"We have perused
the events that have taken place since the incidents but we are refraining from
entering upon the details thereof lest it may prejudice any party but we think
that since the accusations are directed against the local police personnel it
would be desirable to entrust the investigation to an independent agency like
the Central Bureau of Investigation so that all concerned including the
relatives of the deceased may feel assured that an independent agency is
looking into the matter and that would lend the final outcome of the investigation
credibility. However faithfully the local police may carry out the
investigation, the same will lack credibility since the allegations are against them. It is only
with that in mind that we having thought it both advisable and desirable as well
as in the interest of justice to entrust the investigation to the Central
Bureau of Investigation forthwith and we do hope that it would complete the investigation
at an early date so that those involved in the occurrences, one way or the
other, may be brought to book. We direct accordingly. In so ordering we mean no
reflection on the credibility of either the local police or the State
Government but we have been guided by the larger requirements of justice. The writ petition
and the review petition stand disposed of by this order." (emphasis
supplied)<br style="mso-special-character: line-break;" />
<br style="mso-special-character: line-break;" />
</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">7. A reference may
also be made to State of Punjab v. CBI (2011) 9 SCC 182 where the High Court of
Punjab and Haryana transferred an investigation from the State Police to the
CBI in relation to what was known as "Moga Sex Scandal" case. The
High Court had while ordering transfer of the investigation found that several
police officials, political leaders, advocates, municipal counsellors, besides
a number of persons belonging to the general public had been named in
connection with the case. The High Court had while commending the investigation
conducted by DIG and his team of officials all the same directed transfer of
case to CBI having regard to the nature of the case and those allegedly involved
in the same. The directions issued by the High Court were affirmed by this
Court and the matter allowed to be investigated by the CBI.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
8. More recently, this Court in Advocates Association, Bangalore, v. Union of
India and Ors. (2013) 10 SCC 611 had an occasion to deal with the question of
transfer of an investigation from the State Police to the CBI in the context of
an ugly incident involving advocates, police and media persons within the
Bangalore City Civil Court Complex. On a complaint filed by the Advocates'
Association, Bangalore, before the Chief Minister for suitable action against
the alleged police atrocities committed on the advocates, the Government of Karnataka
appointed the Director General of Police, CID, Special Unit and Economic
Offences as an Inquiry Officer to conduct an in-house inquiry into the matter.
The Advocates' Association at the same time filed a complaint with
jurisdictional police station, naming the policemen involved in the incident.
In addition, the Registrar, City Civil Court also lodged a complaint with the
police for causing damage to the property of City Civil Court, Bangalore by
those indulged in violence. Several writ petitions were then filed before the
High Court, inter alia, asking for investigation by the CBI. The High Court
constituted a Special Investigation Team (SIT) headed by Dr. R.K. Raghvan, a retired
Director CBI, as its Chairman and others. The Advocates' Association was,
however, dissatisfied with that order which was assailed before this Court
primarily on the ground that a fair investigation could be conducted only by an
independent agency like the CBI. Relying upon the decision of this Court in
State of West Bengal v. Committee for Protection of Democratic Rights (2010) 2
SCC 571 this Court directed transfer of investigation to the CBI holding that
the nature of the incident and the delay in setting up of the SIT was
sufficient to warrant such a transfer. </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
9. It is unnecessary to multiply decisions on the subject, for this Court has
exercised the power to transfer investigation from the State Police to the CBI
in cases where such transfer is considered necessary to discover the truth and
to meet the ends of justice or because of the complexity of the issues arising
for examination or where the case involves national or international ramifications
or where people holding high positions of power and influence or political
clout are involved. What is important is that while the power to transfer is
exercised sparingly and with utmost care and circumspection this Court has more
often than not directed transfer of cases where the fact situations so demand. 10.
We are in the case at hand dealing with a major financial scam nicknamed `Chit
Fund Scam' affecting lakhs of depositors across several States in the Eastern
parts of this country. Affidavits and status reports filed in these proceedings
reveal that several companies were engaged in the business of receiving deposits
from the public at large. The modus operandi of the companies involved in such
Ponzi Schemes was in no way different from the ordinary except that they appear
to have evolved newer and more ingenious ways of tantalizing gullible public to
make deposits and thereby fall prey to temptation and the designs of those
promoting such companies. For instance Saradha Group of Companies which is a
major player in the field, had floated several schemes to allure the depositors
to collect from the market a sizeable amount on the promise of the depositors
getting attractive rewards and returns. These fraudulent (Ponzi) schemes included
land allotment schemes, flat allotment schemes, and tours and travel schemes.
The group had floated as many as 160 companies although four out of them were
the front runners in this sordid affair. An interim forensic audit report
submitted to the SEBI by Sarath& Associate, Chartered Accountants on 27<sup>th</sup>
February, 2014 sums up in the following words, the background in which the
schemes are floated and the public defrauded :</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">"The company M/s
Saradha Realty India Ltd. was involved in financial fraud involving in an
attempt to deliberately mislead the general public by announcing dubious money
multiplier schemes. It has also indulged in misleading the financial status of the
group companies by incorrect disclosures in the financial statements in an attempt
to deceive financial statement users and regulatory authorities.<br />
<br />
The investors lured to extraordinary returns is typically attributed to
something that sounds impressive but is intentionally vague, such as hedge fund
in land, resorts, tours and travel plans, high yield investment programs.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
Typical to the Ponzi schemes the investors who are economically very poor have
invested relatively small amounts such as Rs.100 and wait to see if the promised
returns are paid. After one month the investor received maturity amounts, so
the investor truly believes s/he has earned the promised return. What the
investor doesn't realize is that the Rs.100 was a RETURN OF THE INVESTMENT AND
NOT A RETURN ON THE INVESTMENT. In other words, the Rs.100 return came from the
Rs.100 principal initially invested or from a newly-recruited investor, rather
than from any profits generated by the investment opportunity. After a second
month yields another Rs.100 payment, the investor is `hooked' and typically
will invest larger amounts in the scheme and will enthusiastically inform
friends and family members about this `fantastic' investment opportunity. </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
Since these early investors have actually received the promised returns, their
promotion of the investment comes across as genuine and instills an almost
irresistible urge in friends and family members to invest as well.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
If pressed by skeptical investors for more detail, the promoters typically
evade answering the question and instead talk about how recently-recruited investors
have been receiving the promised returns. Since little, of the victims' funds
are actually invested into a legitimate profit-generating activity, the scheme
continued for only as long as the cash inflows to existing investors. However,
as the number of investors grown rapidly, the pool of new investors unavoidably
shrinks. At one point, the cash flow situation collapsed resulting in four possible
outcomes: (1) the investment promoters disappear, taking remaining investment
money with them; (2) the scheme collapsed of its own weight, and the promoters
have problems paying out the promised returns and, as the word spread, more
people start asking for their money creating a run-on-the-bank situation; (3)
the investment promoters turn themselves in and confess."</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
11. The Report suggests that the investors were promised very high returns by
way of interest rate ranging from 10% to 18%. The said returns promised to the
depositors were, according to the Report, too good to be true. The Report also
suggests that a very large number of `agents base' was created by the companies
to extend the reach of these companies. For Saradha Realty India Ltd. itself as
many as 2,21,000 agents were working, who were paid an unreasonably high
brokerage of 30% of the instrument which became the driving force for the
agents to go that extra mile to collect as much as possible. The Report
indicates that investments that matured for payment were paid out of the cash collected
from new members which was opposed to the normal business norms in which
returns ought to be paid out of profits earned in the business. Besides, the
cash collections were neither accurately shown in the books of accounts, nor
did the bank accounts reveal the details of such cash collections. The Report
states that the company had no real intention of doing any legitimate business
activity and the money collected from the public was spread over 160 companies
and spent away or siphoned off. No major revenue was seen to be generated by
any group company. The companies had opened too many bank accounts for Round
Tripping Transactions for the monies collected by them. </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
Apart from as many as 218 branches spread over several States including West
Bengal, Odisha, Bihar, Assam and other States the companies had as many as 347
bank accounts in 15 banks in the name of the Group Companies. The bank accounts
were opened at the location of branches enabling deposit of the cash into accounts.
The daily cash collected less expenses was deposited at branch account and the
money pooled and transferred to other accounts as per CMD's instructions and
utilized to issue the cheques. The Report also points out violation of the
Securities and Exchange Board of India Act, 1992, the Companies Act, 1956, The
Reserve Bank of India Act, 1934 and the Income-Tax Act, 1961.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
It also points out fraudulent certification, non-compliance of accounting
tandards, material mis-statement of facts and gross negligence on the part of
the statutory Auditors. The Interim Report eventually draws up the following
conclusions:</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
"Saradha Reality India Ltd. and its other 3 group companies has collected
money from the open market, reaching out to the general public by employing
huge number of agents, in form of Investment under different Schemes viz., Fixed
Deposits, Monthly Investment Scheme, Recurring Deposits. The SRIL has in
pretext of land developers, construction of flats, running tours and travels,
travel packages and resorts collected around Rs.2,459 crores over a period of 5
years.<br />
<br />
SRIL has no valid registration under the SEBI Act for `collective Investment scheme'
nor has licenced underRBI Act for Nidhi/Chit fund/NBFC. Its MOA also does not
permit the company to collect monies in form of deposits. SEBI had passed a
winding up order in view of the collection of monies under one of the company's schemes as Collective Investment scheme on 23/4/2013.<br />
<br />
Company management, with fraudulent intent, has designed several investment
schemes wherein the depositors invested in expectation of high return. It has
also misrepresented its business in writing to income Tax department, SEBI, and
to its depositors.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
The Depositors are promised fixed interest returns but management has promised
tours, travel packages, land purchases, flat advances etc. on the receipts which in realty is not intended to be given to the depositors.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
The SRIL did not comply with the KYC norms while collecting the deposits, all
the deposits are identified by names and addresses, but the ID or address
proves are not obtained. The authenticity of the investors is difficult to
prove as the deposits are not KYC complied.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
The agents are main part of the entire operations of the company, in evolving
the new schemes, explaining the public and collecting the deposits. The agents are
operated as a tree (chain) and each agent in the chain will get commission on
each deposit. These commissions are paid in priority from the business cash collected (almost 30% of collections) and the balance money is used for
meeting company expenses and the rest is either deposited at the bank in the location
of the branch or sent to Head Office. The cheques collected are directly
deposited in the Bank. Other than Commission the agents are awarded field allowance,
prizes, and performance bonuses forming around 30% of the total deposits collected.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
SRIL has expanded rapidly its' the business, takeovers in a very short span of
five years. The Company has never utilised money so collected from investors
for carrying out any legitimate business to earn returns to payback the
investors. It has utilized the monies so collected in these takeovers, and
venturing into new company for running the loss making businesses like media
Channels, Newspapers, Magazines, manufacturing automobiles. The group has incorporated
160 companies and the share capital monies, furniture & fixtures, plant and
machines, huge staff salaries, fleet of cars on rent, buses, 320 branch
premises' rents, daily expenses, maintenance are all met through the deposits collected
from the investors.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
One of the company - Saradha Exports' ha announced as it is expanding to
international by exporting business and opening a branch at Madrid, SPAIN, on its website.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
All the group companies are debt-free companies; the loans standing in the
Financial Statements are partly of investors, other group company loans and
advances. The Audited Financial Statements are misrepresenting the facts and
Statutory Auditor is grossly negligent in discharging his duty to present the
true and fair view of the state of affairs of the companies. Most of the group
company's Auditor is common.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
Since the deposits collected are not utilized for generating income, the monies
are spent off and the Company soon has failed to return back the monies to depositors
on their maturity. Cash rotation cycle of the depositors broke and has severe
cash crunch and let the company to fall off."</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
12. The Report estimates the collection made by the Saradha Group of companies
at Rs.2459 crores.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
13. Failure of the group companies to refund the deposits made with them was
bound to as it indeed has led to a public outcry against the scam on account of
the huge amount that was collected by these companies by defrauding a very
large section of the public majority of whom appear to be from middle class,
lower middle class or poorer sections of the society. The Government of West
Bengal acted in response to the protests and the public anguish over a fraud of
such colossal magnitude and set up a Commission of Inquiry headed by Mr.
Justice Shyamal Kumar Sen, retired Chief Justice, Allahabad High Court with
four others to be nominated by the Government to inquire into the matters set out
in a notification dated 24th April, 2013 issued in that regard. The Commission
was empowered to receive all individual and public complaints regarding the
Saradha Group of Companies and other similar companies involved in the scam and
to forward such complaints to the authorities concerned including the Special
Investigation Team for launching prosecution. The Commission was also
authorized to send directives to the Special Investigation Team, identify the
key persons responsible for the present situation, quantify the estimated
amount of money involved in the alleged transactions, assess the assets and liabilities
of the group of companies and to recommend ways and means for providing succor
to those who had lost their savings. The Commission was also authorized to
recommend remedial action and measures to the State Government so that such
situations do not recur.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
14. By another notification dated 27th August, 2013 the Government, relying
upon the directions issued by the High Court of Calcutta in Writ Petition
No.12163(W) of 2013 and Writ Petition No.12197(W) of 2013 empowered the
Commission of Inquiry to dispose of all the assets belonging to the Saradha
Group of Companies and/or their agents and/or their Benamidars and to adopt an
appropriate mode of recovery of debts on behalf of the Saradha Group from its
debtors and add the proceeds to the fund to be created for that purpose. The
Commission was also clothed with the power to attach the bank accounts
belonging to the Saradha Group of Companies and the personal bank accounts of
the Directors apart from restraining the banks concerned from allowing anyone
to operate such accounts unless authorized by the Commission. Pursuant to the
above notifications the Commission has received nearly 18 lakhs complaints and
claim petitions demanding refund of the amount deposited under such Ponzi Schemes.
</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">15. In the
counter-affidavit filed on behalf of the State of Bihar it is, inter alia,
stated that the State Government has announced a sum of rupees 500 crores for
payment to the aggrieved depositors apart from money that may be raised from
selling off the assets of the companies including the Saradha Group of Companies.
The affidavit further states that the Commission has passed orders for payment
of compensation to the investors in the Saradha Group of Companies and that
over one lakh beneficiaries have been paid while another 1,66,456 identified
for such payment. The affidavit also states that as per the directions issued
by the High Court of Calcutta in terms of the notification mentioned above as
many as 224 immovable properties and 54 vehicles have been identified for
attachment and possible sale and recovery of the amount due from the companies.
The affidavit goes on to say that one Kunal Kumar Ghosh, Member of Parliament, RajyaSabha,
was arrested on 23rd November, 2013 in connection with the case registered in
Bidhannagar South Police Station after being interrogated on several occasions.
The said Kunal Kumar Ghosh was the media CEO of Saradha Group of Companies. In addition
one Srinjoy Bose, Member of Parliament was also interrogated by serious Fraud
Investigation Office in relation to the Saradha Group of Companies and that the
Special Investigating Team and the police authorities are extending full
support and cooperation to the Central Agencies like Enforcement Directorate, Serious
Fraud Investigation Office etc. for effective investigation of the scam. The
State has in that view opposed the prayer of the petitioner for transfer of the
investigation from the State Police to the CBI.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
16. When this case came up before us on 4th March, 2013 our attention was drawn
by Mr. C.S. Vaidyanathan, Senior counsel appearing for the State of West Bengal
to a statement appearing at page 474 of the said sur-rejoinder filed by the
State which according to the learned counsel summarized the investments made by
the Saradha group of companies from out of the money collected by it from the depositors.
These details were sketchy and unsatisfactory especially when the trail of
money collected remained obscure no matter it was one of the important, if not the
single most important, angle to be investigated for unraveling facts leading to
the scam and identifying those who had aided and/or abetted the same. Mr.
Vaidhyanathan was, therefore, granted ten days time to file a comprehensive statement
as to the amount collected by the said group of companies and the expenditure
incurred/investments made over a period of time.<br />
<br />
17. An affidavit was accordingly filed by the State of West Bengal in which the
purchase value of the property acquired by Saradha Group of Companies was
estimated at Rs.40 crores only as against a total collection of Rs.2,460crores
made by the said companies. Mr. Vaidyanathan argued that the investment in real
estate could go upto Rs.110 crores on the basis of the information gathered
from the software that was seized from the companies concerned. Even if that
were so a significant discrepancy existed between investigation based estimated
purchase value of the properties on the one hand and what could according to
Mr. Vaidyanathan emerge from the software seized from the companies. Mr.
Vaidyanathan argued that the discrepancy could be on account of the fact that a
large number of properties referred to in the affidavit have been acquired by
the companies on the basis of power of attorneys which do not indicate the value
of the property covered by such deeds and transactions. Be that as it may, a
huge gap between the amount collected and the investments made in real estate
itself calls for effective investigation as to the trail of money collected by
the group of companies. Investigation by the State Police has not unfortunately
made any significant headway in this regard.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
18. More importantly, the question whether the scam was confined only to those
who actively managed and participated in the affairs of the companies or the
same flourished on account of the support and patronage of others is an issue
that has bothered us all through the hearing of this case. We had, therefore, directed
the State to file a sample copy of the chargesheets said to have been submitted
before the jurisdictional Courts. A perusal of the copies so furnished shows
that the same relate only to individual deposits leaving untouched the larger conspiracy
angle that needs to be addressed. It was argued by Mr. Bhattacharya that the
Investigating Agency was deliberately avoiding to investigate that vital
aspect. Mr. Vaidyanathan, however, contended that the larger conspiracy angle
was being investigated separately in an FIR registered with Vidhannagar Police
Station. He sought and was given time to file an affidavit setting out the
particulars of the FIR in which the larger conspiracy angle was being examined
and the progress so far made in that regard.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
19. An additional affidavit was accordingly filed by Mr. Vaidyanathan in which
it is, inter alia, stated that the larger conspiracy angle is being
investigated in Crime No.102 registered in Bidhannagar Police Station (North)
on 6th May, 2013 under Sections 406, 409, 420, 120B IPC. At the hearing of the
case on 9th April, 2014 Mr. Vaidyanathan passed on to us a sealed cover containing
a list of persons who according to the learned counsel need to be questioned in
view of the disclosers made and the evidence collected so far by the
Investigating Agency. The basis<br />
<br />
on which the Investigation Team has named the persons in the list was not set
out in the list or elsewhere. Mr. Vaidyanathan, therefore, offered to file a
synopsis of the evidence on the basis whereof the names mentioned in the list
had been included in the said list and the evidence which incriminates them
calling for further investigation into their role and conduct. An affidavit
giving the synopsis was pursuant to the said order filed by Mr. Vaidyanathan
indicating briefly the basis on which the persons named in the list were sought
to be interrogated in connection with the scam. A perusal of the synopsis furnished
and the names included in the list makes it abundantly clear to us that several
important individuals wielding considerable influence within the system at the
State and the national level have been identified by the Investigating Agency
for interrogation. We do not consider it necessary to reveal at this stage the
names of the individuals who are included in the list on the basis of which the
Investigating Agency proposes to interrogate them or the material so far
collected to justify such interrogation. All that we need point out is that
investigation into the scam is not confined to those directly involved in the affairs
of companies but may extend to several others who need to be questioned about
their role in the sequence and unfolding of events that has caused ripples on
several fronts. </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">20. There is yet
another aspect to which we must advert at this stage. This relates to the role
of the Regulatory Authorities. Investigation conducted so far puts a question
mark on the role of regulatory authorities like SEBI, Registrar of Companies
and officials of the RBI within whose respective jurisdictions and areas of
operation the scam not only took birth but flourished unhindered. The synopsis
filed by Mr. Vaidyanathan names some of the officials belonging to these authorities
and give reasons why their role needs to be investigated. The synopsis goes to
the extent of suggesting that regular payments towards bribe were paid through
middleman to some of those who were supposed to keep an eye on such Ponzi companies.
The Regulatory Authorities, it is common ground, exercise their powers and
jurisdiction under Central legislations. Possible connivance of those who were
charged with the duty of preventing the scams of such nature in breach of the law,
therefore, needs to be closely examined and effectively dealt with.
Investigation into the larger conspiracy angle will, thus, inevitably bring
such statutory regulators also under<span style="mso-spacerun: yes;"> </span>scrutiny.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
21. It was at one stage argued on behalf of SEBI that companies involved in the
scam were doing chit-fund business and since chit-funds were not within its
jurisdiction it could not have taken cognizance of the same. Our attention was,
however, drawn to atleast two orders passed by SEBI directing winding up of
such ponzi schemes and refund of the amounts received by the companies
concerned to the depositors. It was submitted by learned Counsel for the
petitioner that the SEBI having examined the issue, taken cognizance of the
violation, no matter belatedly and issued directions for winding up of the
schemes and refund of the amount, it was no longer open to it to argue that it
had no role to play in the matter.<br style="mso-special-character: line-break;" />
<br style="mso-special-character: line-break;" />
</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">22. We are not in
these proceedings required to authoritatively pronounce upon the question
whether SEBI had the jurisdiction to act in the matter. What is important is
that if upon investigation it is found that SEBI did have the jurisdiction to
act in the matter but failed to do so then such failure may tantamount to
connivance and call for action against those who failed to act diligently in
the matter. Suffice it to say, that the scam of this magnitude going on for years
unnoticed and unchecked, is suggestive of a deep rooted apathy if not criminal
neglect on the part of the regulators who ought to do everything necessary to
prevent such fraud and public loot. Depending upon whether the investigation
reveals any criminal conspiracy among those promoting the companies that flourished
at the cost of the common man and those who were supposed to prevent such fraud
calls for a comprehensive investigation not only to bring those who were
responsible to book but also to prevent recurrence of such scams in future.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
23. There is yet another dimension of the scam which cannot be neglected. That
the ponzi companies operated across State borders is evident not only from the
pleadings on record but also from the submissions urged in the course of the
arguments before us. What is significant is that these companies and such other
similar companies indulged in similar fraudulent activities in the State of
Assam and Tripura also apart from Orissa where the depositors have suffered.
Looking to the nature of the scam and its inter- State ramifications, cases
registered in the State of Tripura have since been transferred to the CBI for
investigation at the request of the State Government. A similar request has been
made by the Government of Assam which has, according to Mr. SiddharthLuthra,
learned Additional Solicitor General, been accepted by the Central Government
who is shortly issuing a notification under which cases concerning the scam
registered in the State of Assam shall stand transferred to the CBI.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
24. That leaves us with the State of Odisha where too Saradha Group of
Companies and a host of similar other companies appear to have indulged in
similar activities giving rise to considerable public resentment against the
authorities for not preventing such companies from defrauding the innocent
public. Writ Petition (C) Nos.413 of 2013 and 324 of 2014 seek transfer of such
cases registered in the State of Odisha to the CBI on the analogy of what was
done in relation to Tripura and Assam keeping in view the magnitude of the scam
as also those involved, in the same.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
25. In Writ Petition (C) No.413 of 2013 we had by our order dated 26th March,
2014 confined the proceedings to 44 companies mentioned in two list one filed
by Mr. Alok Jena, the petitioner in the petition and the other by the Counsel
for the State Government. The involvement of these companies in the scam had inter-state
ramifications besides the fact that their collections had exceeded over 500
cores each. </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">26. It was submitted
by counsel for the parties that looking to the large number of cases that had
been registered, transfer of each and every case may work as an impediment in
the effective investigation of the cases by the CBI. For all intents and purposes,
therefore, proceedings in these two writ petitions were confined to a prayer
for transfer of cases registered against 44 companies named in the lists filed
by the counsel for the parties.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
27. Since certain aspects of the information considered relevant for the
transfer of the cases was not forthcoming, we had directed the State Government
to file an affidavit providing the said information. The information related
primarily to the number of companies involved in the scam in the State of
Odisha. The total amount allegedly collected by 44 companies referred to in the
lists furnished by the State Counsel and Counsel for the petitioner. The total
number of claims made by the depositors before Justice R.K. Patra Commission
set up with the State Government as also the total number of properties, seized
in regard to the 44 companies referred to above. The total amount so far paid
to the investors under the orders or the Commission or otherwise and the total
number of charge-sheets so far filed. Investments made in real estate or
otherwise by the 44 companies were also demanded from the State who was asked
to disclose whether the larger conspiracy angle was being investigated and, if
so, furnish the particulars of the FIR in which that was being done.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
28. An affidavit has been filed by the State of Odisha pursuant to the said
directions in which the FIRs where the State Investigating Agency is examining
the larger conspiracy angle, have been identified. A perusal of the Affidavit,
further, shows that 163 companies were involved in the chit-fund scam in the State
of Odisha who have collected Rs.4565 crores approximately from the public out
of which a sum of Rs.2904 crores has been collected by 43 companies mentioned
in the list referred to earlier excluding M/s Nabadiganta Capital Services Ltd.
against which no criminal case have been registered so far. The affidavit also
states that 7,45,293 envelopes containing claim petitions have been received
from the depositors by Justice R.K. Patra Commission. The affidavit also gives
details of the properties of the companies seized/sealed in the course of the on-going
investigation. The affidavit also refers to payment of Rs.24,17,65,866/- allegedly
made to 18,596 investors by M/s PrayagInfotech High Rise Limited, Kolkata and
the willingness expressed by M/s Rose Valley Hotels and Entertainment Limited
to pay back the investors. Larger conspiracy angle is according to the
affidavit being examined in three cases. These are (i) CID PS Case No.39 dated
18.07.2012 under Section 420/120-B IPC read with Sections 4, 5 and 6 of Prize
Chits and Money Circulation Schemes (Banning) Act, 1978 registered against M/s
Seashore Group of Companies, (ii) Case No.44 dated 07.02.2013 under the same provisions
registered in Kharavelnagar Police Station (Bhubaneswar Urban Police District)
against M/s ArthaTatwa Group of Companies and (iii) EOW PS Case No.19 dated
06.06.2013 registered against M/s Astha International Ltd. It was submitted that
while charge sheets have been submitted in three cases mentioned above within
the period of limitation, investigation has been kept open under Section 173
(8) of the Cr.P.C. to investigate the larger conspiracy angle. The affidavit
also refers to certain legislations enacted in the State of Odisha to protect
the interest of depositors. It also refers to certain interim orders passed by
the Government for attachment of the properties of the defaulting companies.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
29. Appearing for the State of Odisha, Mr. GopalSubramanium, learned Senior
Counsel argued that while this Court may transfer for further investigation
into the cases registered against 44 companies referred to above, any such
transfer should not hamper the attachment or recovery process otherwise
initiated by the State in terms of the measures taken by it. It was also
contended by Mr. Subramanium that public prosecutors appointed by the CBI could
be assisted by the State Police Officials so that the efficacy of the investigation
and prosecution are both taken care of by the joint efforts that the Central
and the State police authorities may make.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
30. The factual narrative given in the foregoing paragraphs clearly establish
the following:<br />
<br />
1. That financial scam nicknamed chit-fund scam that has hit the States of West
Bengal, Tripura, Assam and Odisha involves collection of nearly 10,000 crores
(approx.)from the general public especially the weaker sections of the society
which have fallen prey to the temptations of handsome returns on such deposits
extended by the companies involved in the scam.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
2. That investigation so far conducted suggests that the collection of money
from the depositors was neither legally permissible nor were such
collections/deposits invested in any meaningful business activity that could generate
the high returns/promised to the depositors.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
3. That more than 25 lac claims have so far been received by the Commissions of
Enquiries set up in the States of Odisha and West Bengal which is indicative of
the magnitude of scam in terms of number of citizens that have been defrauded
by the ponzi companies.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
4. That the companies indulge in ponzi schemes have their tentacles in
different States giving the scam inter-state ramifications. That such huge
collections could have international money laundering dimensions cannot be
ruled out and needs to be effectively investigated.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
5. That Investigation so far conducted reveals involvement of several political
and other influential personalities wielding considerable clout and influence.<br />
<br />
6. That the role of regulators like SEBI, authorities under the Companies Act
and the Reserve Bank of India is also under investigation by the State Police
Agency which may have to be taken to its logical conclusion by an effective and
independent investigation.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
31. The question is whether the above features call for transfer of the ongoing
investigation from the State Police to the CBI. Our answer is in the
affirmative. Each one of the aspects set out above in our view calls for investigation
by an independent agency like the Central Bureau of Investigation (CBI). That
is because apart from the sensitivity of the issues involved especially
inter-state ramifications of the scam under investigation, transfer of cases
from the State police have been ordered by this Court also with a view to
ensure credibility of such investigation in the public perception. Transfers
have been ordered by this Court even in cases where the family members of victim
killed in a firing incident had expressed apprehensions about the fairness of
the investigation and prayed for entrusting the matter to a credible and
effective agency like the CBI. Investigation by the State Police in a scam that
involves thousands of crores collected from the public allegedly because of the
patronage of people occupying high positions in the system will hardly carry
conviction especially when even the regulators who were expected to prevent or
check such a scam appear to have turned a blind eye to what was going on. The
State Police Agency has done well in making seizures, in registering cases, in completing
investigation in most of the cases and filing charge-sheets and bringing those
who are responsible to book. The question, however, is not whether the State
police has faltered.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
The question is whether what is done by the State police is sufficient to
inspire confidence of those who are aggrieved. While we do not consider it
necessary to go into the question whether the State police have done all that
it ought to have done, we need to point out that money trail has not yet been traced.
The collections made from the public far exceed the visible investment that the
investigating agencies have till now identified. So also the larger conspiracy
angle in the States of Assam, Odisha and West Bengal although under
investigation has not made much headway partly because of the inter-state ramifications, which
the Investigating Agencies need to examine but are handicapped in examining.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
32. M/s Vaidyanathan and GopalSubramanium, learned counsel for the States of
West Bengal and Odisha respectively argued that the CBI itself has in a great
measure lost its credibility and is no longer as effective and independent as
it may have been in the past. Similar sentiments were expressed by Mr. P.V. Shetty
appearing on behalf of some of the investors and some other intervenors, who
followed suit to pursue a similar line of argument.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
33. There is, in our opinion, no basis of the apprehension expressed by the
State Governments. It is true that a lot can be said about the independence of
CBI as a premier Investigating Agency but so long as there is nothing
substantial affecting its credibility it remains a premier Investigating
Agency. Those not satisfied with the performance of the State Police more often
than not demand investigation by the CBI for it inspires their confidence. We
cannot, therefore, decline transfer of the cases only because of certain stray
observations or misplaced apprehensions expressed by those connected with the
scam or those likely to be affected by the investigation. We may in this regard
gainfully extract the following passage from the decision of this Court in
Sanjiv Kumar v. State of Haryana and Others (2005) 5 SCC 517, where this Court
has lauded the CBI as an independent agency that is not only capable of but
actually shows results: </span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
In the peculiar facts and circumstances of the case, looking at the nature of
the allegations made and the mighty people who are alleged to be involved, we are of the opinion, that the better option of the two is to entrust the
matter to investigation by CBI. We are well aware, as was also told to us
during the course of hearing, that the hands of CBI are full and the present
one would be an additional load on their head to carry. Yet, the fact remains
that CBI as a Central investigating agency enjoys independence and confidence
of the people. It can fix its priorities and programme the progress of
investigation suitably so as to see that any inevitable delay does not prejudice
the investigation of the present case. They can think of acting fast for the
purpose of collecting such vital evidence, oral and documentary, which runs the
risk of being obliterated by lapse of time. The rest can afford to wait for a
while. We hope that the investigation would be entrusted by the Director, CBI
to an officer of unquestioned independence and then monitored so as to reach a successful
conclusion; the truth is discovered and the guilty dragged into the net of law.
Little people of this country, have high hopes from CBI, the prime investigating
agency which works and gives results.<a href="https://www.blogger.com/null" name="_GoBack"></a> We hope and trust
the sentinels in CBI would justify the confidence of the people and this Court
reposed in them."</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
34. In the circumstances, we are inclined to allow all these petitions and
direct transfer of the following cases registered in different police stations
in the State of West Bengal and Odisha from the State Police Agency to the
Central Bureau of Investigation (CBI):</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
A. State of West Bengal:</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">1. All cases
registered in different police stations of the State against Saradha Group of
Companies including Crime No.102 registered in the Bidhannagar Police Station, Kolkata
(North) on 6th May, 2013 for offences punishable under Sections 406, 409, 420
and 120B of the IPC.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
2. All cases in which the investigation is yet to be completed registered
against any other company upto the date of this order.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
3. The CBI shall be free to conduct further investigation in terms of Section
173 (8) of the Cr.P.C. in relation to any case where a charge-sheet has already
been presented before the jurisdictional court against the companies involved
in any chit-fund scam.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
B. State of Odisha :</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">All cases registered
against 44 companies mentioned in our order dated 26th March, 2014 passed in
Writ Petition (C) No.413 of 2013. The CBI is also permitted to conduct further
investigations into all such cases in which chargesheets have already been
filed.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
35. We reserve liberty for the Joint Director CBI, Incharge of the States of
West Bengal and Odisha to seek further directions in relation to transfer of
any other case or cases that may require to be transferred for investigation to
CBI for a full and effective investigation into the scam.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
36. Transfer of investigation to the Central Bureau of Investigation (CBI) in
terms of this order shall not, however, affect the proceedings pending before
the Commissions of Enquiry established by the State Government or stall any
action that is legally permissible for recovery of the amount for payment to
the depositors. Needless to say that the State Police Agencies currently
investigating the cases shall provide the fullest cooperation to the CBI
including assistance in terms of men and material to enable the latter to
conduct and complete the investigation expeditiously.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
37. The Enforcement Directorate shall, in the meantime, expedite the
investigation initiated by it into the scam and institute appropriate
proceedings based on the same in accordance with law.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
38. We make it clear that nothing said in this order, shall be taken as a final
opinion as to the complicity of those being investigated or others who may be
investigated, questioned or interrogated in relation to the scam.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
39. We do not for the present consider it necessary to constitute a Monitoring
Team to monitor the progress of the investigation into the scam. But, we leave
the exercise of that option open for the future.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
40. The Writ Petitions and T.P.(C) No. 445 of 2014 are disposed of in terms of
the above directions. No costs.</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
................................................J.<br />
(T.S. THAKUR)</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;"><br />
.................................................J.<br />
(C. NAGAPPAN)</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">New Delhi,</span></div>
<div class="MsoNormal" style="margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;">
<span style="font-size: 14.0pt; line-height: 115%;">May 9, 2014</span></div>
</div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-1625766199075028592014-06-13T21:56:00.002+05:302014-06-13T21:56:35.087+05:30RAJYA SABHA UNSTARRED Qs NO. 19 FOR 5TH Aug 2013 REGARDING EARLY WARNING SYSTEM TO DETECT FRAUD<div dir="ltr" style="text-align: left;" trbidi="on">
GOVERNMENT OF INDIA<br />
MINISTRY OF CORPORATE AFFAIRS<br />
RAJYA SABHA<br />
<br />
UNSTARRED QUESTION NO. 19<br />
<br />
ANSWERED ON MONDAY, THE 5TH AUGUST, 2013<br />
<br />
EARLY WARNING SYSTEM TO DETECT FRAUD<br />
<br />
QUESTION<br />
19. SHRI N.K. SINGH:<br />
Will the Minister of CORPORATE AFFAIRS be pleased to state:<br />
(a) whether, to strengthen its capabilities to crack down on corporate wrongdoings, Serious Fraud Investigation Office (SFIO) has developed an early warning system to detect frauds;<br />
(b) if so, the details thereof;<br />
(c) the names of the organizations against whom Government has received representations/ complaints of financial frauds during the last three years;<br />
(d) the action taken by Government against such organizations; and<br />
(e) to what extent the new system would be effective in checking such corporate frauds?<br />
<br />
ANSWER<br />
THE MINISTER OF STATE (SHRI SACHIN PILOT)<br />
(INDEPENDENT CHARGE)<br />
IN THE MINISTRY OF CORPORATE AFFAIRS<br />
<br />
(a) & (b) Yes, Sir. The Ministry of Corporate Affairs is in the process of developing an early warning system to detect cases of frauds. Pilot testing of the proposed system is expected to be completed during 2013-14.<br />
<br />
(c) & (d) Complaints have been received against 154 companies/ organisations during the last three years. The Ministry has already ordered inspections u/s 209A and/ or investigation u/s 235 or scrutiny of the Balance Sheets and other documents u/s 234 of the Act in these cases. Some cases have been referred to the Economic Offences Wing of the concerned State Governments for further investigation. Names of the organisations are enclosed at Annexure-I.<br />
<br />
(e) The alerts generated by the system will facilitate prevention of corporate fraud. Its efficacy can be evaluated after full operationalisation.<br />
******<br />
<br />
ANNEXURE-I<br />
ANNEXURE REFERRED TO IN ANSWER TO PARTS (c) & (d) OF RAJYA SABHA UNSTARRED QUESTION NO. 19 FOR 5TH AUGUST, 2013 REGARDING EARLY WARNING SYSTEM TO DETECT FRAUD<br />
<br />
NAMES OF COMPANIES AGAINST WHOM COMPLAINTS RECEIVED IN THE LAST THREE YEARS<br />
<br />
SR. NO. / NAMES OF COMPANIES<br />
1. Basil International Limited<br />
2. Nixcil Pharmaceuticals Specialities Limited<br />
3. Appeline Cosmetics & Toiletries Limited<br />
4. Vamshi Chemicals Limited<br />
5. Basil Express Limited<br />
6. Leisure Club India Private Limited<br />
7. Magic Airlines Private Limited<br />
8. Crownmart International India Private Limited<br />
9. Vaishnavi Corporate Communication Private Limited<br />
10. Vaishnavi Advisory Services Private Limited<br />
11. Noesis Strategic Consulting Services Private Limited<br />
12. Claro Consultancy Private Limited<br />
13. Speak Asia (Un-registered Company)<br />
14. Reebok India Limited<br />
15. Talbros Limited (Listed Company)<br />
16. Shark Communications Private Limited<br />
17. Hitech Computech Private Limited<br />
18. Konichiva Builders Private Limited<br />
19. Bharti Properties Private Limited<br />
20. Heena Developers Private Limited<br />
21. Saksham Infocom Private Limited<br />
22. North India Securities Private Limited<br />
23. Krishna Infomedia Private Limited<br />
24. DMC Education Limited<br />
25. Centenary Software Private Limited (Presently known as T and G Edutech Private Limited)<br />
26. Alchemist Infra Limited<br />
27. SGI Research & Analysis Limited<br />
28. Wealth Line Promoters Pvt. Ltd.<br />
29. Tycoons Empire International Ltd.<br />
30. Unipay 2U Marketing Pvt. Ltd.<br />
31. TIK Innovator’s Marketing Ltd.<br />
32. Trillions India Distributors Ltd.<br />
33. SGS Agro Farms Ltd.<br />
34. Max Pro Marketing Pvt. Ltd.<br />
35. Gold Sukh Trade India Ltd.<br />
36. Oro Trade Network India Ltd.<br />
37. Maithri Plantations and Horticulture Private Limited<br />
38. Akshayagold Farms and Villas India Limited<br />
39. Abhayagold Infratech India Limited<br />
40. Bommarillu Farms & Villas Ltd<br />
41. Raji Vedant Constructions Private Limited<br />
42. Unigateway 2U Trding Pvt Ltd<br />
43. TV1 Express Holidays Pvt Ltd<br />
44. Vega Zeal Marketing Pvt Ltd<br />
45. Megacity (Bangalore) Developers and Builders Limited<br />
46. City Airlines Private Limited<br />
47. City Communication Ltd.<br />
48. City Money Ltd.<br />
49. City Realcom Ltd.<br />
50. City Limouzines (India) Ltd.<br />
51. Car Runway India Ltd.<br />
52. Shivaji Estate Livestock and Farms Pvt. Ltd.<br />
53. Arrow Global Agrotech Ltd.<br />
54. ACE Agro Products Ltd.<br />
55. Adventure Country Resorts Ltd.<br />
56. Hiramani Agro Plantation Pvt. Ltd.<br />
57. Green Gold Agriculture (India) Ltd.<br />
58. Aryarup Tourism and Club Resorts Pvt. Ltd.<br />
59. Akshay Plantation Ltd.<br />
60. Suman Motels Ltd.<br />
61. AIM Resorts (India) Ltd.<br />
62. Shree Om Sainath Car on Rent Ltd.<br />
63. Pan Card Club Ltd.<br />
64. Praptee Marketing Service Pvt. Ltd.<br />
65. Red Carpet Entertainment and Marketing Pvt. Ltd.<br />
66. Websoft Marketing Pvt. Ltd.<br />
67. Maitriya Plotter and Structure Ltd.<br />
68. BIM Finance and Investment Consultancy Pvt. Ltd.<br />
69. Royal Twinkal Star Club Ltd.<br />
70. Newlooks Retails Pvt. Ltd.<br />
71. G-Link Revenue e-com Pvt. Ltd.<br />
72. Speakasia Online Pte Ltd.<br />
73. Mangal Murthy Auto Linked Pvt. Ltd.<br />
74. Parees Enterprises Corporation Ltd.<br />
75. Heramb Properties Pvt. Ltd.<br />
76. HMbjs Properties Pvt. Ltd.<br />
77. Maitriya Services Pvt. Ltd.<br />
78. Sai Prasad Foods Ltd.<br />
79. Samruddha Jeevan Foods India Ltd.<br />
80. Multiventure Agro and Infrastructure Pvt. Ltd.<br />
81. Zerostart Trading Pvt. Ltd.<br />
82. Primestart Trading Pvt. Ltd.<br />
83. Hindustan Sugars Ltd.<br />
84. Samruddha Jeevan Entertainment Pvt. Ltd.<br />
85. Samruddha Jeevan Construction Pvt. Ltd.<br />
86. Samruddha Jeevan Finvest Ltd.<br />
87. Samruddha Jeevan Infotech India Pvt. Ltd.<br />
88. Samruddha Jeevan Hotels and Hospitality Pvt. Ltd.<br />
89. Samruddha Jeevan Orchard Resorts Pvt. Ltd.<br />
90. Samruddha Jeevan Milk and Milk Products Pvt. Ltd.<br />
91. Samruddha Jeevan Trading and Manufacturing Company Pvt. Ltd.<br />
92. Rose Valley Real Estate & Construction Ltd.<br />
93. Rose Valley Industries Ltd.<br />
94. Silver Valley Communications Ltd.<br />
95. Rose Valley Food Beverages Ltd.<br />
96. Rose Valley Marketing India Ltd.<br />
97. Rose Valley Infotech Pvt. Ltd.<br />
98. Rose Valley Hotels and Entertainment Ltd.<br />
99. Rose Valley Projects Ltd.<br />
100. Rose Valley Patrika Ltd.<br />
101. Rose Valley Films Ltd.<br />
102. Modern Investment Traders Pvt. Ltd.<br />
103. Rose Valley Travels Pvt. Ltd.<br />
104. Brand Value Communications Ltd.<br />
105. Rose Valley Housing Development Finance Corporation Ltd.<br />
106. Rose Valley Airlines Ltd.<br />
107. Rose Valley Fashions Pvt. Ltd.<br />
108. Rupasi Bangla Projects India Ltd.<br />
109. Rupasi Bangla Media and Entertainments Ltd.<br />
110. Rose Valley Realcom Ltd.<br />
111. M/s Saradha Realty India Ltd.<br />
112. Saradha Agro Development Ltd.<br />
113. Saradha Exports Ltd.<br />
114. Saradha Shopping Mall Pvt. Ltd.<br />
115. Saradha Printing & Publication Pvt. Ltd.<br />
116. Saradha Tours & Travels Pvt. Ltd.<br />
117. Saradha Education Enterprise Ltd.<br />
118. Saradha Construction Company Pvt. Ltd.<br />
119. Saradha Garden Resorts & Hotel Pvt. Ltd.<br />
120. Saradha Landmark Cement Pvt. Ltd.<br />
121. Rose Capital Ltd.<br />
122. Bengal Media Pvt. Ltd.<br />
123. Bhasank Food Pvt. Ltd.<br />
124. Global Automobiles Ltd.<br />
125. M/s Icore E-services Ltd.<br />
126. Icore Apparels Pvt. Ltd.<br />
127. Icore Paints Pvt. Ltd.<br />
128. Icore Iron & Steel Pvt. Ltd.<br />
129. Icore Super Cements Pvt. Ltd.<br />
130. Riju Cement Ltd.<br />
131. Mega Mould India Ltd.<br />
132. Papyrus Infotech Pvt. Ltd.<br />
133. Icore Global Medicines Pvt. Ltd.<br />
134. Icore Jwellery & Gems Pvt. Ltd.<br />
135. Icore Polyfab Pvt. Ltd.<br />
136. Icore Housing Finance Corporation Ltd.<br />
137. Sunshine India Land Developers Ltd.<br />
138. Sunshine Mutual Benefit Limited<br />
139. Sunshine Land Projects Limited<br />
140. Sahu Investment Mutual Benefit Company Limited<br />
141. Sahu Investment Corporation Limited<br />
142. Nirmala Sahu Business Complex Private Limited<br />
143. Shiv Nests Private Limited<br />
144. Synergy Tie Up Private Limited<br />
145. Nirmala Dwellings Private Limited<br />
146. URO Infra Reality India Limited<br />
147. URO Hotels and Resorts India Limited<br />
148. URO Hygienic Foods Ltd<br />
149. URO Infotech Limited<br />
150. URO Lifecare Limited<br />
151. URO Trexim Limited<br />
152. URO Autotech Limited<br />
153. URO Agro India Limited<br />
154. URO Walkers Limited.<br />
*****</div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com1tag:blogger.com,1999:blog-6942394809520131246.post-14109754585478070832014-06-12T14:17:00.003+05:302014-06-12T14:21:50.886+05:30MASSIVE CHIT-FUND FRAUD BY PUNE BASED SAI PRASAD GROUP <div dir="ltr" style="text-align: left;" trbidi="on">
<h3 class="post-title entry-title" itemprop="name">
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Despite the Madhya Pradesh High Court order, two orders of SEBI and more
than seven FIRs in various states, Pune based Sai Prasad group had the
temerity to run their chit fund racket without any hindrance.</div>
<a href="https://www.blogger.com/null" name="more"></a><br />
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</div>
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On 27th March, 2014, the district & session court of Thane
(Maharashtra) issued an Inquiry Order against M/s. Sai Prasad Foods
Limited/ Sai Prasad Properties Limited and its promoters and directors,
Mr. BalasahebBhapkar, Mrs. VandanaBhapkar and ShashankBhapkar. On the
basis of that order Nagar Police Station of Thane City has registered an
F.I.R. (No. 62/2014) and initiated investigation into the matter.<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
In July 2013, the Securities and Exchange Board of India (SEBI) had
passed two orders against both the companies of Sai Prasad group and
restrained them from collecting money from the public. (Click the below
link to see the detailed order):<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
SEBI’s Order against M/s. Sai Prasad Properties Limited;</div>
<div style="text-align: justify;">
<a href="http://www.sebi.gov.in/cms/sebi_data/pdffiles/26099_t.pdf">http://www.sebi.gov.in/cms/sebi_data/pdffiles/26099_t.pdf</a></div>
<div style="text-align: justify;">
<a href="http://www.sebi.gov.in/cms/sebi_data/attachdocs/1374069736895.pdf">http://www.sebi.gov.in/cms/sebi_data/attachdocs/1374069736895.pdf</a></div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
SEBI’s Order against M/s. Sai Prasad Properties Limited;</div>
<div style="text-align: justify;">
<a href="http://www.sebi.gov.in/cms/sebi_data/pdffiles/26098_t.pdf">http://www.sebi.gov.in/cms/sebi_data/pdffiles/26098_t.pdf</a></div>
<div style="text-align: justify;">
<a href="http://www.sebi.gov.in/cms/sebi_data/attachdocs/1374069663484.pdf">http://www.sebi.gov.in/cms/sebi_data/attachdocs/1374069663484.pdf</a></div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
<br />
In 2012, Madhya Pradesh High Court had ordered Central Bureau of
Investigation (CBI) to conduct investigation against Sai Prasad Group
and other similar nature companies, on the basis of that the CBI had
conducted an investigation and revealed its findings as stated below:<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
“It is clear that the companies used to receive deposits from the
citizens by floating various types of plans viz. installment plan and
lump-sum payment plan against the sale of land units, plants and that of
livestock. The companies entered into contract with the investors and
they have committed offences under section 3 (1), 3 (2) and 3(4) of
Madhya Pradesh NiveshkokeHitonKaSanrakshanAdhiniyam 2000, Sec, 58B (5
and 5A), and 58 of the RBI Act, 1934, and Sec. 4, 5, and 6 of the Prize
Chits and Money Circulation Schemes (Banning ) Act, 11978 and Sec. 420
of Indian Penal Code.” (Click the below given link to read an Order of
MP HC)</div>
<div style="text-align: justify;">
<a href="http://www.dif.mp.gov.in/hcdecision13072012.pdf">http://www.dif.mp.gov.in/hcdecision13072012.pdf</a><br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
Similarly more than seven criminal cases have been registered against
M/s. Sai Prasad Foods Limited/ Sai Prasad Properties Limited and its
promoters, directors, agents and branch managers in various states.
Details of few cases are as under;<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
F.I.R.No. 15/12,Banswqada Police Station, Rajasthan</div>
<div style="text-align: justify;">
F.I.R.No. 136/13,Talcher Police Station,Odisha</div>
<div style="text-align: justify;">
F.I.R.No. 114/13,Ainthpali Police Station,Odisha</div>
<div style="text-align: justify;">
F.I.R.No. 635/13,Sikandarabad Police Station, Dis.Bulandshahar,UP</div>
<div style="text-align: justify;">
F.I.R.No. ***/**, Kanpur Police, UP<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
M/s. Sai Prasad Foods Limited/ Sai Prasad Properties Limited and its
sister concerns indulge in fraudulent fund mobilization rackets. They
violate various rules, regulation and sections of the Securities and
Exchange Board of India Act, 1992 by running “Collective Investment
Schemes” illegally without permission of SEBI. They also violate the
Prize Chits and Money Circulation Schemes (Banning) Act, 1978,
Maharashtra Protection of Interests of Depositors (In Financial
Establishments) Act, 1999 and Rules, and Indian Penal Code, the
Companies Act, 1956 and the Reserve Bank of India Act, 1934. </div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
The promoters and directors of the company are projecting that M/s. Sai
Prasad Foods Limited/ Sai Prasad Properties Limited and its sister
concern companies are involved in business of sale purchase of land and
foods products and are earning huge profits. But in fact, in the garb of
projecting various business modules, they are luring innocent and
uneducated people by offering heavy returns to invest their hard earned
money in all the fake and bogus entities of Sai Prasad Group.<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
<b>SAI PRASAD GROUP</b> is paying heavy commission to their agents and
middle men plus huge returns to investors, which is commercially not
viable in such types of businesses. The group is claiming that they are
paying heavy returns out of company's heavy profit, but in fact they are
paying amount to an old investor, which they collect from the new
investor and thereby circulating the money amongst the investors. These
types of business practices creating criminal liabilities are punishable
under the provision of and regulation of the Prize Chits and Money
Circulation Schemes (Banning) Act, 1978, Maharashtra Protection of
Interests of Depositors (In Financial Establishments) Act, 1999 and
Rules, and Indian Penal Code.<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
Sai Prasad group is running joint ventures. But none of the investors
get any land in return. They are in fact happy to get the money at the
end of the maturity period. When the cycle of payments stops, the
hard-earned money of the uneducated villagers will go down the drain.<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
The Sai Prasad Group had recruited around 12 lakh commission agents of
various ranks, to lure the investors. They are working part time/full
time and convincing small investors by offering heavy returns. Agents of
the group systematically join hundreds of investors in their unit and
motivate them by giving a speech during a function or meeting organized
at different venues.<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
Agents have received healthy commission including gifts like
two-wheelers and even four-wheelers for recruiting people to join the
scheme.<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
Court orders and investigations have failed to hinder the activities of
Sai Prasad group in running their illegal chit fund scheme. Their Ponzy
scheme is one such scheme.<br />
</div>
<div style="text-align: justify;">
Alert citizens should lead the way in creating awareness about this
fraud and prevent innocent or ill-advised people from joining this chit
fund.<br />
</div>
<div style="text-align: justify;">
</div>
<div style="text-align: justify;">
Jai Hind,</div>
<div style="text-align: justify;">
<b>Mohammed Usman,</b></div>
<div style="text-align: justify;">
President,</div>
<div style="text-align: justify;">
Forum for Fairness in Democratic System,</div>
<div style="text-align: justify;">
MUMBAI</div>
<div style="text-align: justify;">
Cell# 09322273393</div>
</div>
</div>
</div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com2tag:blogger.com,1999:blog-6942394809520131246.post-53134049733938444062014-06-12T14:16:00.002+05:302014-06-12T14:16:25.288+05:30पुणे की चिटफंड कंपनी साईं प्रसाद से सावधान!<div dir="ltr" style="text-align: left;" trbidi="on">
<h2 class="titles">
</h2>
महाराष्ट्र की आर्थिक राजधानी मुंबई से सटे शहर ठाणे के
टाऊन पुलिस स्टेशन ने पिछले दिनों कथित चिटफंड कंपनी साईं प्रसाद फूड्स
लिमिटेड, साईं प्रसाद प्रॉपर्टीज प्राइवेट लिमिटेड एवं उनके निदेशकों
बालासाहेब भापकर, श्रीमती वंदना भापकर व शशांक भापकर के खिलाफ आपराधिक
मामला दर्ज किया है। बता दें कि साईं प्रसाद समूह का मुख्यालय महाराष्ट्र
के पुणे शहर के उपनगर पिंपरी–चिंचवड़ में है। (F.I.R.No. 62/2014,Nagar
Pol.Stn. City-Thane, MAH)<br />
<br />
यह जानकारी भी आम है कि साईं प्रसाद समूह की इन दोनों कंपनियों के खिलाफ
इससे पहले मध्यप्रदेश, उत्तरप्रदेश, राजस्थान, छत्तीसगढ़, उड़ीसा समेत कई
राज्यों में मामले दर्ज हो चुके हैं। साईं प्रसाद समूह के सभी निदेशकों व
उनके एजंटों के खिलाफ अपराधिक मामले दर्ज होते रहे हैं। कई मामलों में तो
उनके अधिकारी और एजंट गिरफ्तार भी हो चुके हैं।<br />
<br />
F.I.R.No. 15/12,Banswqada Pol.Stn. Rajasthan<br />
F.I.R.No. 136/13,Talcher Pol.Stn. Odisha<br />
F.I.R.No. 114/13,Ainthpali Pol.Stn. Odisha<br />
F.I.R.No. 635/13,Sikn’bad Pol.Stn. Dis.Buld’shr,UP<br />
F.I.R.No. ***/**, Kanpur Police, UP<br />
<br />
साईं प्रसाद समूह पर गैरकानूनी तौर से आम जनता से धनराशि जमा करने के आरोप
हैं। साईं प्रसाद समूह आकर्षक रिटर्न व निश्चित अवधि में दुगुनी रकम देने
का लालच देकर आम जनता से विभिन्न योजनाओं व तौर-तरीकों से धन जमा करता है,
जो कि सरासर अवैध और गैरकानूनी है। इस मामले में उपलब्ध दस्तावेजों से साफ
पता चलता है कि साईं प्रसाद समूह बिना आरबीआई और सेबी से इजाजत लिए ही ये
निवेश कारोबार कर रहा है। इसके लिए इस कंपनी ने भी कृषि भूमि में निवेश
करने और कृषि उपज का कारोबार करने की आड़ ली है।<br />
<br />
भारतीय प्रतिभूति और विनिमय बोर्ड (सेबी) ने साईं प्रसाद समूह की सात
में से इन दो कंपनियों और उनके मालिकान के खिलाफ दो आदेश पिछले दिनों जारी
कर कंपनी की धन जमा करने के अवैध कारोबार पर प्रतिबंध लगाया है। दोनों आदेश
सेबी की वेबसाईट पर उपलब्ध हैं। इनकी लिंक नीचे दिए हैं –<br />
<br />
साईं प्रसाद प्रापर्टीज लिमिटेड से संबंधित सेबी का आदेश देंखें<br />
<a href="http://www.sebi.gov.in/cms/sebi_data/pdffiles/26099_t.pdf" target="_blank">http://www.sebi.gov.in/cms/sebi_data/pdffiles/26099_t.pdf</a><br />
<a href="http://www.sebi.gov.in/cms/sebi_data/attachdocs/1374069736895.pdf" target="_blank">http://www.sebi.gov.in/cms/sebi_data/attachdocs/1374069736895.pdf</a><br />
साईं प्रसाद फूड्स लिमिटेड से संबंधित सेबी का आदेश देंखें<br />
<a href="http://www.sebi.gov.in/cms/sebi_data/pdffiles/26098_t.pdf" target="_blank">http://www.sebi.gov.in/cms/sebi_data/pdffiles/26098_t.pdf</a><br />
<a href="http://www.sebi.gov.in/cms/sebi_data/attachdocs/1374069663484.pdf" target="_blank">http://www.sebi.gov.in/cms/sebi_data/attachdocs/1374069663484.pdf</a><br />
<br />
इससे पहले एक जनहित याचिका की सुनवाई के दौरान मध्यप्रदेश हाईकोर्ट की
ग्र्वालियर खंडपीठ ने भी साईंप्रसाद समूह समेत ऐसी ही 32 कंपनियों द्वारा
अवैध रूप से निवेश योजनाएं चलाने के मामले में जांच करने के लिए सीबीआई को
आदेश दिए थे। इस सीबीआई जांच से साफ हो गया कि सांई प्रसाद समूह भी अवैध
रूप से निवेश योजनाएं चलाने और निवेशकों से धन जमा करने के अवैध कारोबार
में शामिल है। ग्वालियर हाईकोर्ट ने यह जांच रपट संबधित राज्यों की
जांचकर्ता एजंसियों को कानूनी कार्रवाई के लिए भेजने का निर्देश दिया।
अफसोस है कि इस छानबीन के नतीजे साफ होने के बावजूद आज तक किसी राज्य सरकार
ने मध्यप्रदेश हाईकोर्ट के निर्देश पर कोई कार्रवाई नहीं की। साईं प्रसाद
फूड्स लिमिटेड तथा अन्य कंपनियों से संबंधित ग्वालियर खंडपीठ, मध्यप्रदेश
हाईकोर्ट का आदेश देखने के लिए नीचे दी लिंक पर जाएं–<br />
<a href="http://www.dif.mp.gov.in/hcdecision13072012.pdf" target="_blank">http://www.dif.mp.gov.in/hcdecision13072012.pdf</a><br />
<br />
कुल मिला कर रिजर्व बैंक ऑफ इंडिया (आरबीआई), सेबी, सीबीआई और पुलिस
जैसी निगरानी एवं जांचकर्ता एजंसियों के अनुसार साईं प्रसाद समूह की
कंपनियाँ गैरकानूनी तौर-तरीकों से आम जनता व निवेशकों से अवैध रूप से धन
जमा करने के कारोबार में है। ऐसी कंपनियाँ निकट भविष्य में धन लौटाने में
विफल हो जाती हैं, जिससे लाखों-करोड़ों निवेशकों को अपनी मेहनत से कमाई
पूंजी से हाथ धोना पड़ता है; अत: ऐसी कंपनियों से आम जनता को सावधान रहना
चाहिए, यह मत इन जांचकर्ता एजंसियों के अधिकारियों ने व्यक्त किया है।<br />
<br />
भवदीय<br />
<strong>Mohammed Usman,</strong><br />
President-Forum for Fairness in Democratic System<br />
Cell: 9322273393<br />
(नोट – इस विज्ञप्ति में दिए तथ्यों से संबंधित तमाम दस्तावेजी सबूत आपके द्वारा हमारे प्रतिनिधि से संपर्क करने पर उपलब्ध होंगे।)</div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-76858527676948787552014-05-25T16:23:00.000+05:302014-05-25T16:25:04.159+05:30CBI busts corporate loan bribery scandal<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
Exposing a massive bribery scam in corporate loans given out by prominent public sector banks and financial institutions, the CBI on Wednesday arrested the chief executive officer (CEO) of LIC Housing Finance Ltd in Mumbai, a top officer of LIC and officers of Bank of India (BoI), Central Bank of India and Punjab National Bank (PNB).<br />
<br />
CBI conducted raids in six major cities, including Delhi and Mumbai. Eight persons were arrested. Officials said this is a case of big- ticket corporate loans being given out by these institutions on payment of huge bribes to their top officials and by- passing mandatory conditions. Over 30 corporates, including some big real estate firms, are under the scanner for obtaining such loans.<br />
<br />
It is alleged that some companies got housing loans by faking themselves as individuals and submitting fake documents, which were duly processed by the accused bankers upon payment of bribes. Corporates are not entitled to housing loans.<br />
<br />
These are meant only for individuals and come at a lesser interest rate than commercial loans. CBI has named over a dozen such corporates in its FIR, albeit not as accused.<br />
<br />
A Mumbai-based private financial services company, Money Matters Group, was acting as the mediator for such loans.<br />
<br />
Those arrested are Ramchandran Nair, CEO, LIC Housing Finance Ltd; Naresh K. Chopta, secretary (investment), LIC; R. N. Tayal, general manager, BoI, Mumbai; Maninder Singh Johar, director (chartered accountant), Central Bank of India, New Delhi and Venkoba Gujjal, deputy general manager, PNB, New Delhi, Rajesh Sharma, CMD, Money Matters and two of his employees, Suresh Gattani and Sanjay Sharma.<br />
<br />
CBI has accused Nair of showing undue favour to companies like D B Realty, Pashmina Ltd, Mantri Realty, Sigrun Holdings Ltd, Entertainment World and Indore City Treasures. It has also alleged that Rajesh Sharma of Money Matters delivered Rs 45 lakh to Nair last November besides financing the purchase of a flat, at a discounted price, by Nair in Goregaon.<br />
<br />
CBI has alleged that Tayal received Rs 25 lakh from Sharma for assistance in a matter connected with Ashapura Minechem. Tayal is also accused of assuring Sharma to associate him in the power project proposals of BGR Energy worth Rs 200 crore and OPG Group worth Rs 300 crore.<br />
<br />
CBI has accused Chopta of receiving Rs 16 lakh as kickback for providing inside information about LIC's dealing with companies like Adani, JP Hydro, JSW Power, Religare and Pantaloon.<br />
<br />
Johar of Central Bank is accused of accepting Rs 30 lakh for providing undue favour to Lavasa.<br />
<br />
Venkoba Gujjal of PNB is accused of taking Rs 20 lakh as bribe for facilitating a loan of Rs 50 crore to a client of Sharma.<br />
<br />
The eight arrested were produced before a court from where CBI got their custody for five days. They are now being interrogated by CBI to identify the quantum of bribes paid to them - which CBI believes is between Rs 25 lakh to several crores in each case.<br />
<br />
CBI has been reportedly tracking this matter for over a year and now moved in after getting concrete proof.<br />
<br />
CBI sources insist it is not a case of unrecoverable loans given by the banks but a plain case of bribery where the top bankers took hefty bribes to speed up loan applications of corporates.<br />
<b>Courtesy: Mail Today</b><br />
<b>Aman Sharma </b><br />
<b>New Delhi Last Updated: November 25, 2010 | 10:34 IST</b><br />
<b>http://businesstoday.intoday.in/story/cbi-busts-corporate-loan-bribery-scandal/1/10543.html</b></div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-48706338091260361302014-05-25T16:20:00.000+05:302014-05-25T16:20:13.703+05:30Scam around the corner - The enemy within <div dir="ltr" style="text-align: left;" trbidi="on">
The
fastest expanding business in the Indian accounting fraternity revolves
around fraud. Fraud is ballooning so fast in corporate India that audit
firms cannot keep pace. The forensic practice of KPMG has some 500
people, doubling over the last two years. At rival
Ernst & Young, revenues from the fraud investigation business are
expected to double this year and the next, after growing at 50 per cent
last year.<br />
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
As
the number of frauds is growing, so is their complexity. Says Arpinder
Singh, E&Y's Partner for the service: "If five years ago a typical
case would be that of a simple kickback paid to a particular vendor,
today it is much more complex, involving data theft, intellectual
property issues or complicated bribery cases where tracing money
movement can be a challenge."</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
The
sensitivity of companies to such frauds is also increasing. After the
Satyam Computer scandal, where Chairman B. Ramalinga Raju cooked the
books to report
fictitious revenues in excess of Rs 7,000 crore,
"tolerance for frauds is veering towards zero in performance-driven
companies," says Deepankar Sanwalka, Head of KPMG India's Risk and
Compliance Group.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
This
is a big change from the last decade when the focus at most corporates
was on revenue expansion with little thought for controls over the risks
that come with unbridled growth. At a given point, KPMG is
investigating one or two cases of financial statement fraud with the
average size of the transgression being about Rs 50 crore. In fact,
Sanwalka believes that, if the slowdown had continued, more Satyam-like
skeletons would have tumbled out of India Inc.'s cupboard.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
A
survey of 200 companies in India by
KPMG in August this year indicated that weak support for
whistle-blowers, regulations with gaping loopholes, and lax board and
senior managements were the main reasons behind a spurt in reported
incidents of corporate frauds in recent years. Bribery and corruption
were seen as an inevitable aspect of doing business in India. And, while
supply chain, bribery and corruption continue to be the most common
frauds, intellectual property and electronic crime are emerging
concerns, the survey found.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
Jamshed
J. Irani, Director at Tata Sons, the holding company at the Tata group,
believes that the key to foiling corporate fraud is a vigilant board
rather than regulations. "We have enough laws in the country to deal
with any malpractice," he insists, pointing to a new Companies Act that
empowers independent
directors.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
He
says the classic case was that of Tata Finance 10 years ago, where the
board got involved and the then chief executive Dilip Pendse, was
brought to book and jailed. More recently, last year, a case of
accounting misrepresentation was reported at a division of TRF, a
company with businesses in automotive undergear and material handling in
which the Tata Group holds a 34.30 per cent stake. Irani, who chairs
the TRF board, declined to discuss the case because investigation is on.
But, those who have tracked the developments say TRF was swift in
taking action even though, as a Mumbaibased analyst pointed out, "it was
not a case of fraud but of wrong calculation of estimates".</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
The
wrong costs and the consequential revenues recorded in the previous
years have been reversed in the current year and the previous year by
the company.<br />
</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
The
figures were to the tune of about Rs 2.4 crore for the year to March
31, 2010, and Rs 13.32 crore in the previous financial year.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
Still,
about five senior people of a TRF division have been suspended and
asked to go on long leave, pending an inquiry. Perhaps a better choice,
some would say, than firing the people and losing control over them. To
Irani, the importance of an investigation is its deterrent value and not
the actual punishment that can follow. If people
know that things will get investigated, that in itself would be a big
deterrent.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<b>Deterrence works</b></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
Such
a deterrent would have worked in an instance that the E&Y team
dealt with recently. Some employees of a company had floated their own
firms to divert cash from their employer. The losses bloated to Rs 100
crore before they were caught. If TRF is an instance of a proactive
board, at HDFC Asset Management Company it was the stock markets
regulator that stepped in to seek corrective action. In June, following a
case of alleged front running by Nilesh Kapadia, Assistant Vice
President for Equities at HDFC AMC, the Securities and Exchange Board of
India or SEBI asked the company to overhaul its internal controls and
get an inquiry done by the trustees of HDFC Mutual Fund.
SEBI also barred Kapadia from trading
activities done on behalf of HDFC AMC.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
SEBI
investigations found that Kapadia had tipped off an associate, Rajiv
Ramniklal Sanghvi, before placing the purchase or sell orders for HDFC
AMC. Sanghvi, in turn, traded based on such tips, making substantial
gains. In his order, K.M. Abraham, a member of SEBI, directed the fund's
trustees "to identify whether (Kapadia) had indulged in similar front
running activities on other occasions". The trustees had been given six
months for the investigation, which means SEBI should be hearing from
the company in December.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
And
it is not just the private sector. Cut to Navi
Mumbai. In recent years, a government-owned petroleum
products company, Hindustan Petroleum Corp Ltd or HPCL, had to deal
with instances of alleged corruption and abuse of official position by
some of its employees.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br class="" /></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: #e69138;"><b>Red flags</b></span></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: #e69138;"><b>Results consistently in line with budget</b></span></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: #e69138;"><b>Unclear costs, often accompanied by failure to perform reconciliations</b></span></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: #e69138;"><b>Profi t and loss items based on judgements rather than hard data</b></span></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: #e69138;"><b>Too many manual journals and accruals without automatic adjustment</b></span></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: #e69138;"><b>Unusual fl uctuations in sales or forward purchase orders, particularly at the
year-end</b></span></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: #e69138;"><b>Profits not converted into cash</b></span></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: #e69138;"><b>Undue concern about audit visits</b></span></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<span style="color: orange;">Source: KPMG</span><br />
<b><span class="">Courtesy:</span><br class="" id="yui_3_16_0_1_1401012447601_9554" />December 26, 2010 /Story </b><br />
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<b>Puja Mehra and E. Kumar Sharma </b><br />
<b>Edition: December 26, 2010</b></div>
</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<b>http://businesstoday.intoday.in/story/corporate-fraud-in-india/1/11295.html</b></div>
</div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-75258147911811000632014-05-25T16:15:00.000+05:302014-05-25T16:15:04.547+05:30CBI ‘welcomes’ CVC joining probe of Coal Scam<div dir="ltr" style="text-align: left;" trbidi="on">
The
Central Bureau of Investigation (CBI) director Ranjit Sinha, who
decided against registering FIR in 20 out of the over 250 coal block
allocations under
scanner, says the agency welcomes the assessment of an external agency —
Central Vigilance Commission (CVC) — on its probe’s findings.<br />
<br class="" />
Sinha
took the decision on grounds that the agency’s probe found no apparent
“criminality or criminal intent” (mens rea) in the 20 allocations and
gave a “detailed reasoning” on the files, said a senior CBI official.
The CBI’s 20 files — one each for the allocations — may be handed to the
CVC for scrutiny on Monday as per Supreme Court’s direction on Friday.
The court had directed the agency to hand over the files within five
days.<br />
<br class="" />
On
being contacted, Sinha told HT, “The decision to not lodge cases in the
20 coal block allocations was taken as no criminality was found. We
respect the court’s order and welcome an external agency’s assessment on
our probe that is professional and transparent.”<br />
<br class="" />
The
SC had on Friday sought the CVC’s assistance to scrutinise the CBI’s
decision on the 20 coal block allocations in the wake of divergent views
between the agency’s officer supervising the coal scam probe and his
senior officials including Sinha on whether cases should be registered.
CVC has to file its report to the SC in a sealed cover in four weeks.<br />
<br class="" />
Referring
to the divergence in views, the official said, “Divergence of views is
not unusual for an agency like CBI, which conducts its probes in a
professional and scientific manner relying on robust, admissible
evidence.” The official said, “Even in cases where a mistake may have
occurred, but without any criminal intent, we have to make a
distinction.”<br />
<br class="" />
“In order to term the CBI decision on the 20 allocations as incorrect, the agency that scrutinises them would have to
come up with concrete grounds as well,” he said.<br />
<br class="" />
The
agency has so far filed 18 FIRs, two of which were recently closed, as
part of its coal scam investigation. It has so far filed two charge
sheets against two firms that allegedly misrepresented to bag coal block
allocations.<br />
<br class="" />
<span style="color: orange;">BOX</span><br />
<span style="color: orange;">WELCOMING THE MOVE</span><br />
<span style="color: orange;">who
decided against registering FIR in 20 out of the over 250 coal block
allocations under scanner, says the agency welcomes the assessment of an
external agency -- Central Vigilance Commission (CVC) -- on its probe’s
findings.</span><br />
<span style="color: orange;"><br class="" /></span>
<span style="color: orange;">the
decision on grounds that the agency’s probe found no apparent
“criminality or criminal intent” (mens rea) in the 20 allocations and
gave a “detailed reasoning” on the files, said a senior CBI official.
The CBI’s 20 files -one each for the
allocations -- may be handed to the CVC for scrutiny on Monday as per
Supreme Court’s direction on Friday. The court had directed the agency
to hand over the files within five days.</span><br />
Courtesy:<br class="" />Abhishek Sharan, Hindustan Times New Delhi,
March 30, 2014<br class="" />First Published: 00:07 IST(30/3/2014) | Last Updated: 00:09 IST(30/3/2014)<br class="" />http://www.hindustantimes.com/india-news/cbi-welcomes-cvc-joining-probe/article1-1201982.aspx</div>
SCAMSLEAKhttp://www.blogger.com/profile/17963001700523152779noreply@blogger.com0tag:blogger.com,1999:blog-6942394809520131246.post-10505771845384922152014-05-25T16:11:00.001+05:302014-05-25T16:11:47.531+05:30M-Sat finds Satyam fraud began in 2002<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<br />
The
multi-thousand-crore-rupees accounting fraud at the erstwhile Satyam
Computer Services Ltd by its ex- chairman B. Ramalinga Raju dated back
to 2002, much further back than earlier thought.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
Investigations
carried out by Mahindra Satyam (M-Sat), which took over Satyam Computer
Services Ltd in April, 2009, revealed this
fact.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
The
investigating team noted that there were certain transactions which
were either improperly
recorded or remain unrecorded. There was no proper information about
fictitious transactions to the tune of Rs 1,122 crore prior to 2002, as a
result of which it was shown as net opening balance as on April 1,
2002. It was classified as " unexplained differences suspense account,"
in the assets and liabilities statement.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
The
fraud committed by Satyam's founder and ex- chairman B. Ramalinga Raju
and his team was exposed in the restated audit report of M- Sat for the
years 2008- 09 and 2009- 10, which was approved by the board of
directors of the company on Wednesday.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
An
independent forensic team appointed by the new management had to
struggle a lot to unearth the fraud. " It was the most challenging task.
The forensic team had to do 100 types of investigations, go through
2,70,000 files running into 30
terabytes, decode the secret
data gathered from 300 hard disks seized from the erstwhile promoters,
study one billion lines of secret transactions and examine 200 bank
accounts to dig out the scam," M- Sat chairman Vineet Nayyar said.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
These
include fictitious accounts in revenue receipts, interest income,
exchange fluctuations, salary, other expenses, bank borrowings and
interest, and tax payments. The total extent of fraudulent entries had
an impact of Rs 6,800 crore on the profit and loss account of M- Sat.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
For
instance, the fictitious revenue from April, 2002, to September, 2008,
was Rs 5,353 crore, generated by creating 7,500 inflated invoices and
circumventing the normal revenue recognition cycle. This was followed by
showing fictitious cash collections as collections from customers. In
order to substantiate these fictitious
collections, forged bank
statements and fixed deposit ( FD) receipts were also prepared.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
Of
the total fictitious revenue shown, about Rs 4,870 crore was translated
into fictitious cash and bank balances. Similarly, fictitious interest
income recorded from 2002 to 2008 was Rs 899 crore, of which Rs 327
crore was translated into fictitious cash and another Rs 197 crore was
recorded as withholding tax on such interest income.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
The remaining Rs 375 crore was reflected as accrued interest as on September 30, 2008.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
The
forensic investigation also exposed the record of Rs 206 crore towards
fictitious exchange gains, which resulted in fictitious debtors of Rs 18
crore and balances of Rs 188 crore. It revealed that Raju had knocked
away Rs 293 crore as net salary
costs, which were not recorded in the
books of accounts, resulting in fictitious cash and bank balances of Rs
299 crore.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
What
is more, during the scam period, Raju and his team had borrowed Rs 720
crore from banks, but there are no loan records. The company had
effected unrecorded repayments to the extent of Rs 581 crore. The
unrecorded interest expenses in respect of such accounts amounting to Rs
17.5 crore also resulted in fictitious cash and bank balances.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
"The
promoters showed fictitious tax payments ( advance tax and US federal
tax) to the tune of Rs 306 crore. We have also noticed some entries and
debits which we are unable to explain as they remain unidentified,"
Nayyar said.</div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
The investigation has been unable to identity the nature of certain alleged
transactions amounting to Rs 1,203 crore against
which the firm had received notices from 37 firms.<br />
<b>Courtesy:</b><br />
<b>Srinivasa Rao </b><br />
<b>Hyderabad </b><br />
<b>Last Updated: October 4, 2010 | 17:47 IST</b></div>
<div class="" id="yiv9943833380yui_3_13_0_9_1398602351167_13">
<b>http://businesstoday.intoday.in/story/m-sat-finds-satyam-fraud-began-in-2002/1/9290.html</b></div>
</div>
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