CBI seeks prosecution of Essar, Loop promoters on the charges of cheating, criminal conspiracy under the IPC
PTI | December 19, 2011
CBI, in its third charge sheet in 2G spectrum case, has said Loop Telecom Ltd was a Essar Group company "under a corporate veil" and even Ministry of Corporate Affairs (MCA) and Department of Telecommunications (DoT) "chose not to investigate" and allowed it "to rest".
The "vague" MCA report on the DoT's plea to examine the allegations against accused firm Loop Telecom was mentioned in the 105-page charge sheet filed before Special CBI Judge O P Saini who has fixed the case on December 21 for orders on taking cognizance against the eight accused.
The charge sheet said despite the report of a Deputy Director (inspection) of MCA that the Clause 8 of the Unified Access Services Licences (UASL) guidelines of 2005 was violated, the Ministry, "instead of conveying such a definite opinion to the DoT, chose to send a non-committal vague report" elaborating control of Essar Group over Loop Telecom.
The report had come on a complaint referred to the MCA by the DoT to probe whether Loop was a front of Essar Group.
The agency seeks prosecution of Essar group promoters Anshuman and Ravi Ruia, Loop Telecom promoters Kiran Khaitan, her husband I P Khaitan and Essar Group director (Strategy and Planning) Vikash Saraf on the charges of cheating and criminal conspiracy under the IPC.
A digital education and awareness programme was organised by Centre for the Study of Social Change (CSSC) under union ministry of social justice and empowerment. Principal Advisor, CSSC and former Mumbai Mayor, Advocate Nirmala Samant Prabhvalkar explained to senior citizens about how to us
India stood 92nd in the latest rankings of the global talent competitiveness index. Switzerland topped the rankings, with Singapore coming second. United Kingdom was in the third position. The report accompanying the rankings said that India’s information technology (IT) sector is alre
There are two kinds of acts from the so-called fringe elements of the BJP: one embarrasses only the secular-liberals but resonates well with the party’s core constituency, and the other embarrasses the party more than the rest. Sakshi Maharaj’s latest rant is of the first type.
As per census 2011, in India, out of the 121 crore population, about 2.68 crore persons are ‘disabled’ which is 2.21 percent of the total population. In an era where ‘inclusive development’ is being emphasised as the right path towards sustainable development, focussed initiatives f
As many as 44 high potential RCS airports have been identified from among 414 airfields available in India, said a report. The FICCI-KPMG report has presented over 370 possible destinations from the high-potential RCS airports, the projected financial statements for four aircraft types and s
The Reserve Bank holds 557.77 tonnes of gold; of which, 265.49 tonnes are held overseas in safe custody with the Bank of England and the Bank for International Settlements (BIS). Gold as a share of the total foreign exchange reserves in value terms ($) stood at about 5.75 percent as at end-September, 2016,