Kerala govt tables solar scam report in assembly amidst uproar

Agencies
November 9, 2017

Thiruvananthapuram, Nov 9: Chief Minister Pinarayi Vijayan on Thursday tabled the judicial commission report on solar scam and said it has found that his predecessor Oommen Chandy and his staff provided all help to accused Saritha S Nair and her company to dupe people.

Vijayan presented the four-volume report by Justice G Sivarajan and a Memorandum of Action taken by the government in this regard on the floor of the House during the special session.

It is for the first time in the history of the Kerala Assembly that a special session was convened to table the report of a judicial panel.

Detailing the content of the report, he said the Commission had found out that former chief minister Chandy and his personal staff had provided all help to Solar Scam accused Saritha S Nair and her company to dupe their customers.

The Commission also recommended a probe into various allegations raised in a letter written by Saritha under CrPC, IPC and other related rules, Vijayan said.

Besides bribery charges against various opposition leaders, the Commission report also found that they had got "sexual pleasure" from the accused, he said.

"The Commission has pointed out that this (sexual pleasure) comes under the ambit of illegal gratification pointed out in the Prevention of Corruption Act," he said.

Vijayan said the government would initiate legal proceedings, including under the Prevention of Corruption Act, against all persons, who are found by the Commission as having indulged in corruption.

An order has been issued forming a Special Investigation Team to probe various aspects of the solar scam based on the findings and recommendations of the Commission, the left leader said.

"The government's policy is that justice should be equal to all...That is why the government has taken the stand that further proceedings will be initiated only after receiving clear legal opinion in this regard," Vijayan added.

As soon as the Chief Minister stood up to table the report, Opposition members protested stating that Vijayan had committed a breach of privilege of the House by briefing the media last month about the content of the Commission's report before tabling it in the Assembly.

However, the Chief Minister denied the charges and said he did not go into the merit of the report during the media brief and the panel report became a public document when it was presented in the cabinet.

"It may be for the first time in the history of the state Assembly that the report of an enquiry commission is being tabled here within such a short span of time," Vijayan said.

He said the government decided to table it fast as it had received a number of requests to get a copy of the report from various persons including opposition leaders.

The state government had also sought a legal opinion from Supreme Court former judge Justice Arijit Pasayat before issuing further orders based on the report, the Chief Minister added.

Leader of Opposition in the assembly Ramesh Chennithala said they would oppose any move by the government to use the Judicial report as a weapon for "political revenge".

He also alleged that Vijayan's media briefing on the report amounted to "disrespect" to the House and "violation" of its code of conduct.

Justice G Sivarajan had submitted his report to the government on September 26, four years after the previous UDF government constituted the commission when charges surfaced about duping of several persons of crores of rupees by Saritha S Nair and her accomplice Biju Radhakrishnan by offering solar panel solutions.

The commission, set up in October 2013, had held 353 sittings, examined 214 witnesses and 972 documents.

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News Network
November 11,2024

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The Manipur Kuki MLAs have released a statement calling out Solicitor General Tushar Mehta's 'lies' in the Supreme Court. In a joint statement, the MLAs, including those from the Bharatiya Janata Party, said they had not had any meeting with the Chief Minister since May 3, 2023, nor did they intend to meet him in the future as “he was the mastermind behind the violence”.

As per the MLAs, the SG lied about state CM N Biren Singh speaking to Kuki MLAs to control the situation there, in order to halt a Supreme Court probe into the leaked tapes which allege that Singh has been complicit in the violence that broke out between Kukis and Meitis there.

"We...clarify that we have never had any meeting with Chief Minister, Shri N. Biren Singh since May 3, 2023, nor have any intention to meet him in future as he is the mastermind behind the violence and ethnic cleansing of our people from the Imphal valley, which is continuing till today, the latest being the brutal killing and burning of Mrs Zosangkim Hmar on November 7, 2024," the letter read, while condemning the recent 'barbaric' killing of the woman there, and noting the SG's assertion is 'tantamount' to misleading the top court.

“We, the undersigned ten MLAs, have come to know that during the Supreme Court hearing held on November 8, 2024, the Solicitor General of India submitted that ‘CM is meeting all Kuki MLAs and trying to bring the situation down to get peace’. In this connection, we hereby categorically state that this submission is a blatant lie and tantamount to misleading the Hon’ble Supreme Court of India,” the statement said.

The Supreme Court, while hearing a petition by a Kuki organisation, asked that it submit audio tapes to substantiate its claim that the Chief Minister was instrumental in inciting and organising violence in the northeastern State.

Solicitor-General Tushar Mehta orally informed the court that the Chief Minister was meeting all the Kuki-Zo MLAs and that peace in the State had come at a huge cost.

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News Network
November 21,2024

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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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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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