Robert Vadra to face CBI heat as probe to begin in Bikaner land deals case

Agencies
August 31, 2017

New Delhi, Aug 31: After registering a case against RJD chief Lalu Prasad Yadav and AAP minister Satyendra Jain, the Central Bureau of Investigation (CBI) is now going to probe the land scam involving Robert Vadra, the son-in law of Congress president Sonia Gandhi. The CBI registered 18 FIRs on Wednesday after the BJP-led Rajasthan government asked for a probe into alleged land scams in Bikaner.

Separate FIRs were registered under several sections of IPC regarding a series of transactions of land allotted in lieu of Mahajan Firing range in Bikaner, of which Vadra's companies also made a few purchases and later sold them at a hefty profit. The case emerged in 2014 when the state cancelled 18 mutations, that is, transfer of ownership in Bikaner, after finding them to be illegal.

The land was illegally allotted or possessed in 2006-07 by some villagers who were "wrongfully" shown as farmers displaced by Mahajan Field Firing Range of the army.

Land Scam

While those who had actually lost the land were rehabilitated in the 90s, it was alleged that several parties, including Vadra's company, had purchased large amounts of land.

The CBI investigations are likely to land a few influential people from the region, including some Congress leaders, in trouble. Vadra came into the picture at a later stage and most of the land he purchased in the name of a few companies had already exchanged hands a few times.

At one point, he was the director of more than one company whose net land holding in that area exceeded land ceiling by a small margin, but he once clarified that the excess land was surrendered.

However, he faced the allegation of buying land on being sounded by Congress governments at the center and the state about proposed setting up of solar parks - which got the rock bottom land prices to skyrocket at once. Yet, the profit he made was estimated to be only a few crores - a meager amount compared to what his land deals in Gurugram are alleged to have yielded.

CBI Investigations to Bring Trouble

Some of the lands he sold were bought by the state's Congress leaders. The state government, according to home minister Gulab Chand Kataria, found it difficult to investigate the web of transactions and alleged violations. There were also allegations that Vadra had bought a lot more than what has been reported, but these claims remain unsubstantiated. This shows that either the Vasundhara Raje government in the state was reluctant to nail Vadra or it did not find enough substance to go after him and therefore decided to send the cases to the CBI. There have been a few arrests in the past, and CBI investigations are expected to bring trouble for many more.

This is why, Vadra may be interrogated by CBI and end up facing charges of wrongdoings such as buying from those who had bought it fraudulently or exceeding land ceiling at one point.

Vadra had earlier claimed that he was innocent and was being targeted. He took to Facebook to vent his ire and wrote, "Another attempt of malicious prosecution exposed. First, Rajasthan police filed a FIR on 26 August 2014. In 3 years, they filed the chargesheets, summoned documents, as also company officials, yet found not an iota of evidence. Neither the FIR nor the chargesheets accuse the companies associated with me in any manner whatsoever."

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News Network
November 10,2024

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Mangaluru: A heart-wrenching tragedy unfolded in the quiet Bellayuru village on the outskirts of Mangaluru as a man’s life ended on a railway track following an apparent double murder. Authorities from the Mulki police station identified the man as Karthik Bhat, 32, whose lifeless body was discovered on the tracks with his head positioned on the rail, indicating a tragic suicide.

Nearby, police recovered keys to a scooter and a house, which eventually led them to uncover a series of chilling events. Following the trail, officers located Bhat’s scooter parked near Mahammayi Temple. Inside the vehicle, they found documents confirming his identity, including an RC, insurance papers, and his driving license.

Their search continued to Bhat's home in Pakshikere, Kemral village, where they discovered a locked room. With the keys retrieved from the tracks, police unlocked the door, only to be confronted by a horrifying sight. The bodies of Priyanka (28) and her young son Hriday (4) lay in a pool of blood, pointing to a brutal murder that occurred just hours before Bhat’s suicide.

Initial investigations suggest Bhat, beleaguered by ongoing family disputes, committed the murders of his wife and son on the evening of November 8 before tragically ending his own life. A death note found in his diary hinted at his mental state and tragic intentions.

Priyanka’s family, residing in Shivamogga, was informed of the incident. The couple, married for six years, now leaves behind grieving relatives and unanswered questions. Police have initiated formal proceedings, collecting statements from family members as they continue their investigation into the tragic sequence of events.

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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 16,2024

Mangaluru: The Kavoor police in Mangaluru, Karnataka, have arrested three individuals from Kerala in connection with two separate cybercrime cases, including one involving extortion under the guise of a "digital arrest."

City Commissioner of Police Anupam Agrawal reported that one of the arrested individuals, Nisar, a resident of Ernakulam district, posed as a CBI officer. He allegedly threatened the complainant with arrest and extorted Rs 68 lakh. A case has been filed under sections 66 (C) and 66 (D) of the IT Act, and sections 308 (2) and 381 (4) of BNS.

In another case, the Kavoor police arrested two men, Sahil K P of Thiruvannur, Kozhikode, and Muhammad Nashath of Mappila Koyilandy, Kerala, in connection with a share trade fraud. The accused are alleged to have deceived the complainant by promising substantial profits from an investment in the stock market. Trusting the fraudsters, the complainant invested Rs 90 lakh, which was subsequently lost. A case has been registered under sections 66 (C) and 66 (D) of the IT Act, and sections 318 (4) and 3 (5) of BNS.

The accused were arrested in Koyilandi and presented before the court. The operation was carried out under the guidance of City Police Commissioner Anupam Agrawal, led by Mangaluru North Sub-Division ACP Srikanth K, Kavoor Inspector Raghavendra Byndoor, Kavoor PSI Mallikarjuna Biradara, and staff members Ramanna Shetty, Bhuvaneshwari, Rajappa Kashibai, Praveen N, and Malatesh. 

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