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.
As Britain voted to opt out of the EU Friday, India has asserted that it is well prepared to meet its consequences. “We are well prepared to deal with the short and medium term consequences of Brexit. Our macro-economic fundamentals are sound with a very comfortable external position,
After months of speculation and mixed opinion polls, the UK has finally voted to leave the European Union (EU). The UK has voted to leave the EU by 52% to 48%, according to BBC. It is being termed as a ‘historic divorce’ as no state has so far left the EU before. It is said that UK and EU were
The very thought of meeting the genial father-figure of many a Bollywood flick and one of the better known theatre personalities of India, MK Raina, was exciting. We met over lunch in Delhi’s Le Meridien on a hot summer afternoon. “I have no idea of what you are going to speak to me about,&rdqu
Even for early January, it is a cold night. A motley crowd of waiting passengers is encircled around a makeshift tea stall on the dimly-lit platform number one of Bathinda junction, in south Punjab. A while later, along with a fresh draught of icy winds, thankfully, arrives the Lalgarh-Jodhpur train. There
When nine-month-old Aditi was detected with hemiplegia, her parents were heartbroken – hemiplegia, paralysis of one side of the body, had affected their daughter’s left arm and leg. Their grief turned to apprehension when the family had to shift from the UK, where Aditi was born, to India. The
The rush of immigrants to Europe and harsh realities of global economy may be the trigger for the United Kingdom to seek a formal divorce from the European Union, but the differences and tensions between the two were visible to even a first time tourist like me. It was about a