Justice Arun Mishra hearing justice Loya case is close to BJP, reveals Dave

News Network
January 14, 2018

New Delhi, Jan 14: A day after the virtual revolt by four judges of the Supreme Court, senior advocate Dushyant Dave has alleged that Justice Arun Mishra — assigned to hear the judge Loya death case — has close relations with BJP and top politicians.

News channel CNN News18 quoted Dave as having said, "Everyone knows Justice Arun Mishra has close relations with BJP and top politicians". He also said, "Justice Arun Mishra shouldn't hear the Loya case."

Meanwhile, in a further twist to the judges' dissent, a petitioner in the case of the alleged mysterious death of Justice Loya has told Times Now, that Dave attempted to pressurise him to withdraw the case from the bench of Justice Arun Mishra.

Congress partisan Tehseen Poonawalla, the petitioner in the case, told Times Now that senior advocate Dave had tried to "bully" him into withdrawing the case from the SC bench.
Dave had apparently tried to persuade Poonawalla by alleging that Justice Mishra was a "henchmen" of CJI Dipak Misra and hence the bench headed by Justice Arun Mishra was should not hear the case.

Recounting the sequence of events, Poonawalla added Dave had initially agreed to his request to represent him in the court in the case but upon learning that it would be heard by Justice Mishra, suggested that the case be withdrawn from the SC and asked Poonawalla to approach the Bombay high court instead.

When the Congress sympathiser, refused to act on his advice, an angry Dave reportedly walked off leaving him to fend for himself in the court.

When the case was heard by the SC bench on Friday, Dave, who was apparently not representing anyone in the case, pleaded before the bench to let the matter be withdrawn, Poonawalla claimed.

On Thursday, CJI-led bench had assigned the public interest litigation seeking a probe into the death of B H Loya, who as special CBI judge was hearing the case of gangster Sohrabuddin Sheikh's 'fake' encounter to an 'appropriate' bench. On Friday, it was listed before a bench headed by Justice Arun Mishra.

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News Network
November 21,2024

adani.jpg

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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