Showing posts with label Aditya Birla Group. Show all posts
Showing posts with label Aditya Birla Group. Show all posts

Monday, February 24, 2014

Mining: Lawyer-politicians caught in conflict of interests

New Delhi: Lawyer-politicians Abhishek Manu Singhvi and Pinaki Mishra, who appeared on behalf of different mining companies before the Justice MB Shah Commission, have brought back into focus the issue of conflict of interest that many representatives simply shrug off.

Singhvi, who is a Congress spokesperson and a Rajya Sabha MP, appeared before the Commission for Aditya Birla Group company Essel Mining, which has been accused of illegal extraction of ore worth Rs 4,368.75 crore. Singhvi also appeared for the Federation of Indian Mineral Industries (FIMI), which represents 350 mining companies. FIMI interfaces with the Centre for promotion of miners’ interest. Incidentally, FIMI president HC Daga is an advisor to Essel Mining, the other company that Singhvi represented.

Mishra, a Biju Janata Dal (BJD) Lok Sabha representative from Puri, represented Kalinga Mining Corporation and Sarda Mines Private Limited, both of which are accused of holding illegal ore worth Rs 3,485.89 crore (Sarda Mines-Rs 2,845.58 crore and Kalinga Mining-Rs 640.023 crore). Mishra even defended the companies against the interest of his own government in Odisha.

The Commission probed mining activity in Odisha, and concluded in its report, recently tabled in Parliament, that most mining activity in the state between 2008-2011 defied laid-down rules and was carried out under political patronage. In Mishra’s cases, the pane irected the Odisha government to recover Rs 59,200 crore from them and use it to develop Keonjhar and Sundargarh districts to help the tribals impacted by mining.

Both Singhvi and Mishra defended their actions, saying there was no conflict between their legal profession and their political allegiance. But Dr Arun Gupta, convener of Alliance Against Conflict of Interest, said that lawyers-turned-politicians do take advantage of vagueness of conflict of interest. “It (conflict of interest) is a serious issue biting into the integrity quotient of the Parliament, where a person from business class or his legal representative could have potential conflict while participating in parliamentary deliberations on public policy,” said Gupta.

Singhvi said he represented an association of mining companies and not any individual group. “This was in discharge of my professional duties as a senior counsel along with Ram Jethmalani, Gopal Subramanyam, Anil Dewan and others. It is not a conflict,” said Singhvi and added that as a senior counsel he was briefed by other lawyers, who held the vakalatnama for clients. “We have no connections with the client.”

Mishra said any potential conflict of interest would have arisen if he had defended the company on the floor of the House and reminded that he has never appeared before any court on behalf of government and has never been on any government-appointed committee or board. “As an MP, if I had raised the issue and spoken in the House without disclosing my interest then I would have been liable for indulging in conflict of interest,” said Mishra. “There is no connection between my party BJD and mining companies. As a professional, I was doing my service and I have no truck thereafter with these companies either.”

As many as 92 Rajya Sabha MPs have declared pecuniary interests in the register of interest under Rule 293, which contains crucial information about the financial and business interests of MPs, according to a study compiled by the Association of Democratic Rights (ADR). Incidentally, Singhvi, at Rs 50 crore, has declared the highest amount received from ‘professional engagements’.
Courtesy:
Iftikhar Gilani @iftikhargilani
Published Date:  Feb 17, 2014
http://epaper.dnaindia.com/story.aspx?id=59993&boxid=32061&ed_date=2014-2-17&ed_code=820009&ed_page=10

Friday, December 6, 2013

Coalgate: CBI gives SC a 'Birla diary' showing 'payments' to politicians

The CBI, probing the coal blocks allotment scandal, has handed over to the Supreme Court a "diary" it recovered from the offices of the Aditya Birla Group that lists an estimated 1,000 payments purportedly made to politicians and MPs of several parties by a Birla company trust over a 10-year period.

This diary was recovered during the agency's October 16 raids on the offices of the group following its FIR alleging corruption in the allotment of Talabira block to Hindalco. This recovery was detailed by the CBI in its status report to the apex court.

The dates on which these payments have been made, sources said, are around the time of two Lok Sabha elections and several elections of state Assemblies. The CBI has handed over this diary to the Supreme Court and is awaiting directions.

Another diary, being described as a "notebook," recovered by investigators of the Income Tax Department, shows receipts adding up to almost Rs 100 crore and top CBDT (Central Board of Direct Taxes) sources have confirmed to The Indian Express that the Birla group has agreed to pay taxes on these receipts.

Responding to a detailed query on these diaries by the investigating agencies, the Birla company spokesperson told The Indian Express: "Since there is an ongoing investigation into this matter, it would not be appropriate for us to comment.''

Sources said that while the CBI searched the offices of the group in four cities, the Income Tax Department was called in to help in the recovery of Rs 25 crore in cash from the group's corporate office in New Delhi.

Simultaneously, the Income Tax investigation wing confronted officials of the Aditya Birla group with another "notebook'' listing receipts totalling almost Rs 100 crore. This "notebook" was recovered by IT investigators from the same address where they found the Rs 25-crore cash and, significantly, this amount is understood to be part of the listed receipts.

Following the recovery of cash, the company issued a statement saying it is "taken aback by the discovery of cash at one of its offices by the investigating agency. It has taken a very serious view of the matter...''

Sources said the IT Department has already approached the CBI with a request for a copy of the "political'' diary to establish whether the purported payments to politicians and MPs have been declared by the company or whether they have claimed tax exemption for the same.

Officials said the CBI has since asked IT authorities to approach the Supreme Court for the diary. A formal request from IT is expected to reach the Supreme Court by early next week.

Diary, Notebook
*One lists estimated 1,000 payments purportedly made to politicians and MPs of several parties by a Birla company trust over a 10-year period

*Another shows receipts adding to Rs 100 crore

*Birla group said to have agreed to pay taxes for these

*IT wants copy of 'political' diary

*Spokesman: "Since there is an ongoing investigation into this matter, it would not be appropriate for us to comment.''
Courtesy
Ritu Sarin : New Delhi, Fri Dec 06 2013, 08:42 hrs
http://www.indianexpress.com/news/coalgate-cbi-gives-sc-a-birla-diary-showing-payments-to-politicians/1203974/0

Monday, October 21, 2013

CBI set to file coal scam report to Supreme Court


The CBI is likely to file its status report in the coal scam before the Supreme Court on Tuesday stating details of its 14th FIR against Hindalco and others, and also progress in the remaining 13 cases.

Highly-placed sources said the Supreme Court would be given the details of a fresh FIR filed against Aditya Birla Group Chairman Kumar Mangalam Birla, Hindalco and former Coal Secretary P.C. Parakh.

They said the status of the probe in the remaining matters - including those in which investigation has been completed - will be conveyed to the apex court on October 22.

The CBI has registered 14 FIRs so far in connection with alleged graft in the allocation of coal blocks, in which AMR Iron and Steel, JLD Yavatmal Energy, Vini Iron and Steel Udyog, JAS Infrastructure Capital Pvt Ltd, Vikash Metals, Grace Industries, Gagan Sponge, Jindal Steel and Power, Rathi Steel and Power Ltd, Jharkhand Ispat, Green Infrastructure, Kamal Sponge, Pushp Steel and Hindalco have been named as accused.

The agency will also give a status report on the preliminary enquiry it registered in connection with the missing files, the sources said.

The Supreme Court is monitoring the probe in the coal block allocation scam to restore the larger public interest and confidence of the people into a case of this magnitude.

The court is scrutinising coal block allocation since 1993 on three PILs, seeking cancellation of blocks on the grounds that rules were flouted in giving away the natural resources, and that certain companies were favoured in this process.

In a recent hearing, the Supreme Court issued notices to seven coal mining states - Madhya Pradesh, Andhra Pradesh, Orissa, Jharkhand, Maharashtra, Chhattisgarh and West Bengal - ordering them to explain the allocation policies they adopted by October 29.
COURTESY:
By Mail Today Bureau
PUBLISHED: 22:34 GMT, 20 October 2013 | UPDATED: 22:34 GMT, 20 October 2013
Read more: http://www.dailymail.co.uk/indiahome/indianews/article-2469511/CBI-set-file-coal-scam-report-Supreme-Court.html#ixzz2iNI6t9Fy
Follow us: @MailOnline on Twitter | DailyMail on Facebook
http://www.dailymail.co.uk/indiahome/indianews/article-2469511/CBI-set-file-coal-scam-report-Supreme-Court.html
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Monday, April 8, 2013

आदित्या बिड़ला ग्रुप की कंपनियों को 3900 करोड़ का टैक्स नोटिस

आदित्य बिड़ला ग्रुप को इनकम टैक्स डिपार्टमेंट से तगड़ा झटका लगा है। 2009 में आइडिया सेलुलर और आदित्या बिड़ला टेलिकॉम लिमिटेड के डिमर्जर पर इनकम टैक्स डिपार्टमेंट ने करीब 4000 करोड़ रुपए का नोटिस दिया है। यह जानकारी इस मामले को करीब से जानने वाले 3 सूत्रों ने हमारे सहयोगी चैनल ईटी नाउ को दी।

आइडिया सेलुलर से 1500 करोड़ रुपए के टैक्स की मांग की गई है, जबकि आदित्या बिड़ला टेलिकॉम लिमिटेड (एबीटीएल) से 2400 करोड़ रुपए टैक्स जमा कराने को कहा गया है।

सूत्र ने बताया, 'एबीटीएल से आइडिया को लाइसेंस, ऐसेट ऐंड लायबिलिटीज़ ट्रांसफर होने को इनकम टैक्स डिपार्टमेंट ने स्लम्प सेल माना है, जिससे कैपिटल गेन होता है।'

संपर्क करने पर आइडिया ने इसकी पुष्टि की और कहा, 'आइडिया और सबसिडियरी को 31 मार्च की तारीख वाले टैक्स असेसमेंट ऑर्डर मिले हैं। इससे पहले के उदाहरणों और कानून के मुताबिक टैक्स की यह मांग ठीक नहीं है। कंपनी का मानना है कि टैक्स कानूनों की गलत व्याख्या से असंगत मांग की गई है। आइडिया ने टैक्स के मामले में हमेशा ऊंचे मानकों का पालन किया है। कंपनी पर टैक्स की कोई देनदारी नहीं बनती है।'
साभार:
इकनॉमिक टाइम्स | Apr 5, 2013, 03.46PM IST
अश्विन मोहन।।
http://navbharattimes.indiatimes.com/business/tax/tax-news/i-t-department-slaps-rs-3900-crore-tax-order-on-a-v-birla-group-companies/businessarticleshow/19398603.cms