BSP unusually silent as corruption probe looms

May 18, 2012

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Lucknow, May 18: The skeletons are tumbling out of the corruption cupboard, but Uttar Pradesh's former ruling party, the Bahujan Samajwadi Party (BSP), is unusually quiet — not even reacting to Chief Minister Akhilesh Yadav's allegation that it was involved in scams of over Rs400 billion (Dh26.8 billion).

Yadav, who is from the Samajwadi Party (SP), accused his predecessor Mayawati late on Tuesday of presiding over the plunder of the state and said her government was involved in scams of over Rs400 billion. The normally pugnacious Mayawati, who is now in the Rajya Sabha, has been quiet.

And her party has gone into a huddle in the state, trying to fight the growing public perception in the wake of evidence that the Mayawati government was mired in a series of political and financial irregularities.

Even BSP leaders like Mayawati's close aide Swamy Prasad Maurya, who has been accusing Yadav and the SP of indulging in political vendettas, have chosen not to speak on the issue.

Speaking on condition of anonymity, a senior BSP leader said that much of the party was still smarting from the debacle in the state assembly polls two months ago and was not mobilised enough to take on the onslaught by the SP government. The party's tally in the assembly slipped from 206 to a paltry 85.

"Behenji [Mayawati] is sitting in Delhi, attending parliament, as we are faced with such an attack against us. How do we cope with all this? Nobody knows," a BSP office-bearer told IANS.

Maximum mileage

The SP is extracting the maximum mileage out of the situation.

Yadav told reporters late on Tuesday that scams were being unearthed slowly and steadily and a commission would be constituted soon.

"In [the] days to come you will see many more multi-crore scams being unearthed," he said.

Health minister Ahmad Hassan told IANS: "It is beyond doubt that Mayawati had her hands in the loot and I am sure that in due course of time, the long arm of the law will catch up with her and her cronies."

Yadav has already directed officials to escalate the probe into the sprawling Dalit Prerna Sthal park in Noida, which was inaugurated by Mayawati near the end of her five-year term.

Ombudsman's report

The Lokayukta has already given his report against many ministers of the BSP government, said a senior official.

The SP government is understood to be on the verge of okaying the demand for a CBI probe against some ministers, he added.

As former chief minister and Bharatiya Janata Party (BJP) leader Rajnath Singh put it: "If the chief minister alleges that there were scams to the tune of Rs400 billion, we have to take the charge seriously. And the complicity of Mayawati in such scams cannot be ruled out, direct or indirect."

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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 12,2024

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The Taliban regime has appointed Ikramuddin Kamil as the acting consul in the Afghan mission in Mumbai, Afghan media has reported.

It is the first such appointment made by the Taliban set up to any Afghan mission in India.

There was no immediate comment from the Indian side on the appointment that came.

The Ministry of Foreign Affairs of Afghanistan has announced the appointment of Kamil as the acting consul in Mumbai, the Taliban-controlled Bakhtar News Agency reported on Monday, citing unnamed sources.

"He is currently in Mumbai, where he is fulfilling his duties as a diplomat representing the Islamic Emirate," it said.

The appointment is part of Kabul's efforts to strengthen diplomatic ties with India and enhance its presence abroad, the media outlet said

Kamil holds a PhD degree in international law and previously served as the deputy director in the department of security cooperation and border affairs in the foreign ministry, it said.

He is expected to facilitate consular services and represent the interests of Afghanistan in India, the report added.

Kamil's appointment comes days after the external affairs ministry's point-person for Afghanistan held talks with the Taliban's acting defence minister, Mullah Mohammad Yaqoob, in Kabul.

Sher Mohammad Abbas Stanikzai, the Taliban's deputy foreign minister for political affairs, also posted on X about Kamil's appointment.

The appointment of Kamil is seen as part of efforts to facilitate consular services to the Afghan population in Mumbai.

There has been almost negligible presence of diplomatic staff at the Afghan missions in India.

Most of the diplomats appointed by the Ashraf Ghani government have already left India.

In May, Zakia Wardak, the seniormost Afghan diplomat in India, resigned from her position after reports emerged that she was caught at the Mumbai airport for allegedly trying to smuggle 25 kg of gold worth Rs 18.6 crore from Dubai.

Wardak had taken charge as the acting ambassador of Afghanistan to New Delhi late last year, after working as the Afghan consul general in Mumbai for more than two years.

She took charge of the Afghan embassy in New Delhi last November, after the mission helmed by then ambassador Farid Mamundzay announced its closure.

Mamundzay, who was an appointee of the Ghani government, had moved to the United Kingdom.

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