Kolkata Apr 22 PTI The West Bengal directorate of economic offence has arrested one person for allegedly duping several hundreds of senior citizens of around Rs 9000 crore with promises of large returns a police official said on Friday Sleuths of the DEO conducted a raid on Thursday night at a house in Ballygunge area of the city and arrested the director of a ponzi scheme company which has so far allegedly duped mainly retired persons a senior officer said The company has been operating since 2007 and duped its customers by promising them to double their money the official said We received a specific complaint against the accused in Topsia area of the city following which we arrested the person from Ballygunges Queens Park area Our investigation is on he said When produced before a city court the man was sent to jail custody for three days PTI SCH KK KK KK

Ahmedabad Apr 22 PTI The Ayush Ministry on Friday said it has received letters of intent LoI from various companies committing to the investment of Rs 9000 crore during the three-day Global Ayush Investment and Innovation Summit GAIIS held here The three-day summit inaugurated by Prime Minister Narendra Modi on April 20 at Mahatma Mandir in Gandhinagar came to an end on Friday with entrepreneurs submitting LoIs to the tune of Rs 9000 crore for the sector a release by the ministry said The investments come across major categories like FMCG medical value travel MVT and services pharmaceuticals agriculture technology and diagnostics During the summit more than 70 memoranda of understanding MoUs were signed between countries prestigious research institutes farmers groups and industry The first GAIIS saw participation from more than 30 FMCG companies including Amul Dabur Kama Ayurveda Accord AyurVAID Natural Remedies Ambro Pharma and Patanjali The proposed investment in the Ayush sector is expected to create around 55 lakh jobs said the release In his address at the valedictory session of the Summit Union Minister of Ayush Sarbananda Sonowal said the Ayush sector is growing and achieving unprecedented milestones under the mentorship of PM Modi The summit organized in line with Sustainable Development Goal Number 3 of promoting good health and well-being witnessed the presence of 90 eminent speakers and 100 exhibitors said the release Sonowal added the investors and the entrepreneurs of the world have realized the comparative advantages which Ayush is offering and the Ayush sector has unprecedentedly grown to more than USD 18 billion globally PTI PJT MR

Thane Mar 30 PTI The Anti-Corruption Bureau ACB on Wednesday said it has arrested two clerks of a private school in Bhiwandi town of Maharashtras Thane district for allegedly seeking and accepting Rs 9000 bribe on the promise of giving admission to a child The arrest was made on Tuesday an official release said The accused were identified as Tehaseen Mohid Ahmed Momin 36 and Akhil Malik Shaikh 52 Momin and Shaikh work are clerk and senior clerk respectively at Ayesha Siddhika Girls Urdu School Deputy Commissioner of Police ACB - Navi Mumbai Jyoti Deshmukh said in the release The accused demanded Rs 9000 over and above the regular fees from the complainant for giving admission to a child in the Junior KG in their government-aided school the official added The complainant approached the ACB whose officials laid a trap at the school on Tuesday and arrested the duo while accepting Rs 9000 bribe from the complainant Offences under provisions of the Prevention of Corruption Act have been registered against the accused duo at the Shanti Nagar police station PTI COR NP NP

New Delhi Feb 21 PTI The Delhi Metro Rail Corporation Monday assured the Delhi High Court that it will deposit Rs 600 crore within two days in an escrow account for Delhi Airport Metro Express Private Limited DAMEPL which had initiated execution proceedings against DMRC concerning an arbitral award of over Rs 4600 crore in its favourJustice Suresh Kumar Kait took on record the statement made by DMRCs counsel and reserved the order on the execution petitionSenior advocate Parag Tripathi representing DMRC initially submitted that the corporation will pay Rs 600 crore in 72 hours and urged the court to grant some time to it to approach banks for taking the loan for paying the arbitral award amountHe said the money received by it from governmental agencies is for the completion of metro projects and the amount cannot be used by DMRC for paying the arbitral award amountI have money in my account but it is earmarked for a project and it is not my money I do not have to power to dispose of this money Tripathi submitted on behalf of DMRC The court however asked the DMRC to deposit Rs 600 crore within two days and the counsel appearing for it agreed Meanwhile senior advocate Ramji Srinivasan appearing for certain banks said they are lenders to the project and they need their money irrespective of the fact that it is paid by DMRC or DAMEPLHe urged the court to ensure that the money received shall not be disbursed outside and be given to the lendersHe said the outstanding amount to the lenders was more than Rs 9000 crores when the amount which has to come from the present proceedings is about Rs 6000 croreDAMEPL was represented by senior advocate Rakesh Kumar KhannaIn an earlier affidavit DMRC has stated that as of February 14 it has a total of Rs 569425 crore as funds which include Rs 145210 crore as DMRC funds and Rs 268129 has project funds The court had earlier directed DMRC to give details of its funds and balance sheetOn January 24 the Supreme Court had asked DMRC and DAMEPL to request the high court to hear the dispute relating to the execution of the arbitral award saying that any further delay is detrimental to the interest of both the partiesLast year DMRC had told the court that since the corporation was facing a financial crunch undertaking a sudden liability would impact public interest and authorities were therefore working out a solutionIt had said that it would deposit Rs 1000 crore in favour of DAMEPL in an escrow account and suggested taking over the debt of the Reliance Infrastructure subsidiary to the extent of the award money saying that it would be a better position to negotiate with the lender banksThe offer however was turned down by DAMEPL and the court had observed that if the decree-holder did not want to accept the proposal it could not be forced to do soThe high court had earlier pulled up DAMEPL for playing hide and seek with the court and holding out-of-court communications with DMRC to settle the dispute relating to the execution of the over Rs 4600 crore arbitral award passed against the PSUAn arbitral tribunal in its May 2017 award had ruled in favour of DAMEPL which had pulled out from running the Airport Express metro line over safety issues and accepted its claim that the running of operations on the line was not viable due to structural defects in the viaduct through which the train would runThe arbitral award pertained to a concession agreement between the two entities which was signed on August 25 2008 Under the agreement DMRC was to carry out the civil works excluding at the depot and the balance including the project system works were to be executed by DAMEPL a joint venture of Rinfra and a Spanish construction company -- Construcciones Y Auxiliar De Ferrocarriles -- with a shareholding of 95 and five per cent respectivelyDAMEPL had borrowed from 11 banks -- Axis Bank UCO Bank Punjab and Sind Bank Andhra Bank Central Bank of India Dena Bank Allahabad Bank Canara Bank Bank of India IIFC UK and Canara Bank London -- to carry out operations on the lineThe Airport Express line was commissioned on February 23 2011 after an investment of over Rs 2885 crore funded by the DAMEPLs promoters fund banks and financial institutions PTI SKV SKV RKS RKS

Thane Jan 25 PTI An assistant sub-inspector was arrested on Tuesday for allegedly extorting money from a lottery vendor in Maharashtras Thane city police said The accused policeman Rajendra Patil is attached to unit-1 of the Thane crime branch the station house office of Naupada police station said Based on a complaint an offence under sections 384 extortion 506 criminal intimidation and other relevant provisions of the IPC was registered against Patil at Naupada police station in October 2021 the official said According to the complainant who runs a lottery business the accused had caught him and a few others gambling on October 7 and had allegedly demanded Rs 150 lakh from him for not registering a fake case he said Later the accused allegedly forcibly took away Rs 9000 from the complainant and later Rs 10000 he said adding that Patil wanted protection money from the complainant The accused told the complainant that he will have to shell out Rs 5000 per day if he wants engage in gambling and Rs 15 lakh per month to allow him to gamble the official said PTI COR ARU ARU

Nagpur Dec 25 PTI The police in Maharashtras Washim have arrested one person in connection with a case of dacoity and recovered stolen jewellery worth Rs 24 lakh an official said on Saturday A gang of dacoits had attacked Malegaon-based jeweller Yogesh Anjankar and his employee Ravindra Valekar on December 21 Valekar succumbed to the injuries while Anjankar was severely injured The accused had fired two shots and decamped with gold worth Rs 9 lakh and Rs 9000 cash the official said The police have arrested prime accused Ajabrao Babanrao Ghughe a resident of Malegaon he said The police have recovered two country-made pistols and gold worth Rs 24 lakh from the arrested accused the official said Ghughe had taken a loan for setting up a poultry farm and had failed to repay the debt he said The accused frequented the victims jewellery store and had mortgaged gold the official said adding that efforts are on to nab other gang members PTI COR ARU ARU

Guwahati Dec 22 PTI The Assam Assembly on Wednesday passed The Assam Motor Vehicle Taxation Amendment Bill 2021 paving the way for levy of tax on air-conditioned sleeper coaches Transport Minister Chandra Mohan Patowary who moved the bill in the House accepted an amendment brought by the Opposition demanding a decrease in the rate of tax to be imposed under the legislation The amendment bill had proposed to levy Rs 9000 annual tax on fully built air-conditioned sleeper contract carriage buses with seats or berths up to 20 Conceding to the Opposition demand the rate was decreased to Rs 8000 per annum However the rate for similar buses with a seat or berth capacity of over 20 was kept at Rs 12000 per annum as proposed in the bill though the Opposition had asked for a reduction in it also The Assam government did not have any provision for the imposition of Motor Vehicle Tax on this category of bus before the passage of the amendment bill The state Assembly also passed The Assam Cooperative Societies Amendment Bill 2021 moved by Cooperation Minister Atul Bora The provision in the principal act that disallowed registration of any society in an area where another cooperative society already existed with similar objectives except with special permission has been removed in the amended bill PTI SSG MM MM

Jodhpur Nov 30 PTI The Rajasthan High Court on Tuesday asked the liquidator of the Adarsh Credit Cooperative Society allegedly involved in the embezzlement of over Rs 9000 crore of its 20 lakh depositors and over 375 lakh investors to settle the claims for release of funds of over 1500 depositors of the Society In a major relief to the depositors of the cooperative society a Jodhpur bench of the high court asked the liquidator to examine the claims and settle them preferably within 90 days The order was given by the bench Justice Dinesh Mehta on a joint plea by 1573 depositors who had pleaded to the court that their deposits were stuck in the scam-hit society despite the release of the deposits of other creditors Petitioners counsel Girish Sankhla submitted to the court that the petitioners have approached it with a limited prayer for a direction to the respondents to decide on the claim applications of petitioners seeking the release of their money lying deposited with the society We stated in our petition that all these petitioners had deposited money in the society But their money got stuck after the society offices were shut following the scam Sankhla said He added that the government had appointed a liquidator for the society to facilitate the refund of money to the depositors The society had released deposits of some depositors but the same of the petitioners had not been released Despite repeated reminders the matter was not being taken up seriously by the liquidator Sankhla said adding that all these aggrieved depositors then moved the high court This limited prayer by the petitioners however did not find any protest by the assistant solicitor general after which the court directed respondents to decide on the application filed by the petitioners expeditiously The respondents included the Union government Serious Fraud Investigation Office and investigating agencies SOGATS apart from the society The court asked the respondents to take the decision preferably within 90 days from the date of receipt of the copy of this order under the rules and guidelines PTI CORR RAX RAX

New Delhi Nov 30 PTI We cant be waiting any longer now and the sentencing aspect in the contempt matter against fugitive businessman Vijay Mallya who is an accused in bank loan default case of over Rs 9000 crore involving his defunct Kingfisher Airlines would be dealt with finally on January 18 next year the Supreme Court said on TuesdayNoting that Mallya who is presently in the United Kingdom UK was held guilty of contempt in 2017 and the matter was thereafter to be listed to hear him on the proposed punishment to be awarded to him a bench headed by Justice U U Lalit said the apex court has waited sufficiently longThe top court had last year dismissed Mallyas plea seeking review of its 2017 verdict which held him guilty of contempt for transferring USD 40 million to his children in violations of the court ordersThe apex court noted that as per an office memorandum under the signature of Deputy Secretary extradition of the Ministry of External Affairs MEA placed before it the proceedings for extradition have attained finality and Mallya has exhausted all avenues for appeal in the UKThe bench also comprising Justices S R Bhat and Bela M Trivedi noted that the November 30 office memorandum also refers to proceedings pending in the UK which are stated to be confidential and as such no details are getting disclosedWhat we wish to do is we will list this matter for disposal in second week of January because we have waited sufficiently long enough we cant be waiting any longer now It has to see the light of the day at some stage or the other and the process must also get over the bench observed during the hearingIt said it will list the matter in January for disposal and at that juncture if Mallya want to take part personally he will be here through the extradition proceedings and in case he is not the bench will hear the submissions of his lawyerIn its order the top court said Mallya is at liberty to advance the submissions and if for any reason he is not present before the court lawyer on his behalf can advance submissionsThe bench noted that Mallya was held guilty of contempt in 2017 but because of certain proceedings which at the relevant time were going on in courts of law in the UK his presence could not be secured despite directions issued by the apex courtThe top court requested senior advocate Jaideep Gupta to assist it as an amicus curiae in the matterThe matter shall be dealt with finally on January 18 2022 it saidNoting that the office memorandum placed before it refers to certain proceedings which are stated to be confidential the bench said it appeared that these are the same proceedings which were referred to in the November last year orderWhen the matter was taken up for hearing at 2 PM Solicitor General Tushar Mehta appearing for the Centre told the bench that he has just received a communication from the MEAThe communication was placed before the bench which perused itWhen the matter was taken up for hearing during the pre-lunch session the apex court said it proposes to go ahead with the contempt matter and list it for hearing on sentencingWhat we propose to pass an order that we will list the matter for hearing on sentence because the advocate for Mallya continues to appear So therefore there is no embargo on hearing the advocate on sentence We will go ahead with that the bench said Advocate Rajat Nair appearing for the Centre then told the bench that he is being led by the Solicitor General who is arguing before another courtHe Mehta has the instruction He has already spoken to the concerned authorities in the MEA If this matter can be taken up tomorrow or day after he will make submissions advocate Nair told the apex courtThe bench then said that it would take up the matter for hearing at 2 PM during the dayOn January 18 this year the Centre told the top court that the government is making all efforts to extradite Mallya from the UK but the process is being delayed due to some legal issues involved in the matterThe MEA has raised the issue of extradition with the UK government and the Centre was making all serious efforts to extradite Mallya Mehta had saidMallya is in the UK since March 2016 He is on bail on an extradition warrant executed three years ago by Scotland Yard on April 18 2017On November 2 last year the top court had asked the Centre to file status report in six weeks on the confidential legal proceedings pending in the UK on extradition of Mallya to IndiaThe Centre had on October 5 last year told the apex court that Mallya cannot be extradited to India until a separate secret legal process in the UK which is judicial and confidential in nature is resolvedThe Centre had in October last year said it is not aware of the secret on-going proceedings against Mallya in the UK as the Government of India is not party to the processThe Centre had earlier given details of the extradition proceedings against Mallya starting from February 9 2017 till dismissal of his appeal against extradition in UK on May 14 last year and said that he has thus exhausted all avenues of appeal in the UKThe Centre had said that following the refusal of leave to appeal Mallyas surrender to India should in principle have been completed within 28 days but the UK home office intimated that there is a further legal issue which needs to be resolved before Vijay Mallyas extradition may take place PTI ABA SA

New Delhi Nov 30 PTI The Supreme Court Tuesday said the contempt matter involving fugitive businessman Vijay Mallya accused in bank loan default case of over Rs 9000 crore involving his defunct Kingfisher Airlines will be dealt with finally on January 18 next year Observing that the apex court has waited sufficiently long a bench headed by Justice U U Lalit said We cant be waiting any longer nowThe bench noted that Mallya was held guilty of contempt in 2017The bench also comprising Justices S R Bhat and Bela M Trivedi said Mallya is at liberty to advance submissions as are deemed appropriate and if for any reason he is not present before the court lawyer on his behalf can advance submissionsWhat we wish to do is we will list this matter for disposal in second week of January because we have waited sufficiently long enough we cant be waiting any longer now It has to see the light of the day at some stage or the other and the process must also get over the bench saidThe top court requested senior Jaideep Gupta to assist it as an amicus curiae in the matterThe apex court had earlier dismissed Mallyas plea seeking review of its 2017 verdict which held him guilty of contempt for transferring USD 40 million to his children in violations of the court ordersOn January 18 this year the Centre told the top court that the government is making all efforts to extradite Mallya from the United Kingdom but the process is being delayed due to some legal issues involved in the matterMallya an accused in bank loan default case of over Rs 9000 crore involving his defunct Kingfisher Airlines is in the UK since March 2016 He is on bail on an extradition warrant executed three years ago by Scotland Yard on April 18 2017 PTI ABA SA