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.
The National Human Rights Commission (NHRC) is waiting for a hearing in the Supreme Court on October 26 as it seeks more powers. Its restricted recommendatory and advisory role could be further enhanced and it could ensure that recommendations are followed by the state governments. “A matte
The news of vital data of thousands of debit cards being exposed to fraudsters has sent many into a tizzy, with people now calling up their banks and looking up Google on what to do next. Though banks have been sending alerts, to all those whose cards are found to be at risk, along with a host of to-
The supreme court has asked Karnataka to release 2,000 cusecs of Cauvery water to Tamil Nadu every day till further orders. However, farmers living near Cauvery delta region are worried as their livelihood is at stake as the quantity of water is too less to grow Samba (rice), a major crop (grown during Sep
Asian Productivity Organization (APO) secretary-general Santhi Kanoktanaporn during the 57th Workshop Meeting (WSM) of Heads of National Productivity Organizations (NPOs) announced that the organization would be taking up a myriad of technology-enabled initiatives to push forward the goals of the Roadmap t
India ranks 66 out of 113 countries in terms of how the rule of law is experienced by its people, says World Justice Project (WJP) Rule of Law Index. The report has put India behind 65 countries including Nepal, Thailand and Malaysia. India bags an overall score of 0.51 while Denmark which ranks one in the
Hard cash is not free. In fact, the Rs 10 note costs between 70 paise and Rs 1.12 to print. An RTI response on the printing cost of currency notes has revealed that different public sector undertakings have different printing-cost and sale-price (to the government) for currency