New Delhi Jan 30 PTI A Delhi court has denied bail to Sunil Godhwani former chairman and managing director of Religare Enterprises Limited REL in a case related to alleged misappropriation of funds noting the seriousness of allegations loan amount involved and his role in the transactions The court said that economic offences are considered to be grave especially when public money is involved and courts have to be careful in granting bail in such cases According to prosecution Godhwani and others had put Religare Finvest Limited RFL a group firm of REL in poor financial condition by disbursing loans to entities having no financial standing Those entities then allegedly willfully defaulted in repayments and caused wrongful loss to RFL to the tune of Rs 2397 crores In 2019 police registered an FIR against Godhwani Malvinder Mohan Singh Shivinder Mohan Singh and others on a complaint from RFLs authorised representative AR for allegedly diverting the companys money and investing in other companies REL was earlier promoted by the Singh brothers Keeping in mind the conduct of accused seriousness of allegations loan amounts involved the alleged role of accused in the loan transactions and other circumstances of this case bail application of accused Sunil Godhwani stands dismissed Additional Sessions Judge Prashant Sharma ordered ASJ Sharma noted that the allegations against the accused are that he is involved in the illegal transfer of huge loan amounts to the tune of Rs 2000 crores The cash amount involved in this case is public moneyinvestor money the judge said Coupled with the same the accused was arrested from the airport as per record after registration of FIR in question Accused was occupying a significant top position in REL company In such circumstances the possibility of the accused fleeing from justice and influencing witnesses or tampering with evidence cannot be ruled out he added The investigating officer in the reply to the bail plea alleged that the loans were illegally extended to companies known to the promoter group on Godhwanis instructions without any due diligence and proper documentation The IO added that the accused misused his position Godhwani was arrested in 2019 The accused sought bail on the grounds that he is a senior citizen suffering from various ailments and can have health issues in jail considering the third wave of the pandemic The allegations in the case were that Godhwani along with co-accused in connivance with each other swindled the public money According to the police the Reserve Bank of India RBI pointed out the discrepancies in its analysis to the effect that top borrowers of RFL under the Corporate Loan Book CLB portfolio were related entities Indias central bank stated that those entities had interlinked between the borrowers as funds were rooted from one borrower to another It was also noted that the loan amount ultimately came back to the group of companies of RFL Godhwani and the other accused were major shareholders till June 2017 and remained in control of companies till February 2018 After new management took over it was found that RFL was put to a loss of Rs 2397 crores approximately the police said The accused through his lawyer however stated that he was never involved in sanctioning and disbursal process and it was the responsibility of committees to ensure that all procedures and processes were adhered to in the sanctioning and disbursement of loans The accused are facing charges of 420 cheating 409 criminal breach of trust and 120B criminal conspiracy under the Indian Penal Code IPC The case is being probed by Delhi Polices economic offence wing PTI AAK RT RT RT

Ludhiana, December 6: A 25-year-old woman died by suicide due to alleged dowry harassment in Punjab’s Ludhiana district on Saturday. The deceased has been identified as 25-year-old Rajwinder Kaur. The incident took place at Shimla Colony in Ludhiana. The police on Saturday registered an abetment to suicide case against the woman’s husband, her mother-in-law and […]

New Delhi Nov 23 PTI A one-day special session of the Delhi Legislative Assembly will be held on November 26 said a bulletinThe session will start at 11 am on Friday and may be extended depending on exigencies of business said the Assembly bulletin issued on MondayThe agenda of the session was unavailable although it is scheduled to take up 10 special mention notices under Rule 280In view of the prevailing COVID-19 pandemic situation the MLAs will be required to wear face mask and practice social distancing They will also need to carry a certificate for COVID-19 vaccination or a negative COVID-19 test report it saidBJP MLA and Leader of Opposition Ramvir Bidhuri said the one day session was killing of democracy and demanded that it be at least 10 days longKejriwal government is running away from discussing the problems of the people and it does not want to face the opposition in the House Bidhuri chargedMeanwhile the BJP Legislature Party meton TuesdayParty MLAs Vijender Gupta Mohan Singh Bisht Omprakash Sharma Jitendra Mahajan Anil Vajpayee Ajay Mahawar and Abhay Verma participated in the meeting and condemned the decision of holding a one-day session without question hourThe MLAs said information regarding holding of the assembly session should be given 15 days in advance according to the rulesIssues to be raised by the members of the House should be invited but the Kejriwal government is continuously violating these rules and traditions they allegedBidhuri said issues like air pollution opening of liquor shops high prices of petrol and diesel and poor condition of public transport need to be discussed during the session PTI VIT RHL

Abu Dhabi [UAE], November 10 (ANI): The semi-final clash between New Zealand and England observed a moment of silence in honour of Mohan Singh, the curator at the Sheikh Zayed Stadium in Abu Dhabi who passed away on Sunday.

Abu Dhabi [UAE], November 7 (ANI): The International Cricket Council condoled the demise of Mohan Singh, the curator at the Zayed Cricket Stadium in Abu Dhabi who passed away on Sunday.

Abu Dhabi [UAE], November 7 (ANI): Sheikh Zayed Stadium chief curator Mohan Singh passed away in Abu Dhabi on Sunday.

New Delhi Sep 10 PTI A Delhi court has dismissed the bail application of Ambience group promoter Raj Singh Gehlot in a money laundering case linked to an alleged bank loan fraud of Rs 800 croreAdditional Sessions Judge Dharmender Rana on Wednesday said there was a strong possibility that the accused could hamper the investigation if released on bailConsidering the nature of the offence seriousness of allegations and a strong possibility of applicantaccused attempting to influence the course of trial by influencing the witnesses and tampering with the evidence I am of the considered opinion that the bail application is bereft of any merits and the same is accordingly dismissed the judge saidThe bail plea was opposed by EDs special public prosecutor N K MattaGehlot was arrested under the provisions of the Prevention of Money Laundering Act PMLAThe ED had raided Gehlot his company Aman Hospitality Private Limited AHPL some other firms of the Ambience group director in the company Dayanand Singh Mohan Singh Gehlot and their associates in July last yearThe ED case against Gehlot who is also a promoter of the Ambience Mall in Gurugram is based on a 2019 FIR of the Anti-Corruption Bureau of Jammu against AHPL and its directors for alleged money laundering in the construction and development of the five-star Leela Ambience Convention Hotel located near Yamuna Sports Complex in DelhiThe ED claimed that its probe found that a huge part of the loan amount of more than Rs 800 crore which was sanctioned by a consortium of banks for the hotel project was siphoned off by AHPL Raj Singh Gehlot and his associates through a web of companies owned and controlled by themA substantial part of the loan money was transferred by AHPL to several companies and individuals on the pretext of payment of running bills and advance for the supply of material and work executed the agency had allegedThe employees of the Ambience group and Gehlots associates were made directors and proprietors in these companies and Gehlot was the authorised signatory in many of these entities it had said PTI UK RKS RKS

Indore (Madhya Pradesh) [India], August 24 (ANI): Indore police on Monday booked Tasleem Ali, the bangle seller who was allegedly lynched by a mob in the city, on charges of harassment.