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Bengaluru court issues arrest warrants against Mallya, others for alleged fraud

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Vijay Mallya

Bengaluru, Jan 19: A court here has issued arrest warrants against fugitive liquor baron Vijay Mallya and 18 others for offences involving alleged fraud and concealment of material facts for inducing investments, on a complaint by the Serious Fraud Investigation Office (SFIO).

The court, in its recent order, issued arrest warrants against Mallya and others, taking cognizance of the offence punishable under Section 36, Section 448 and Section 447 of the Companies Act, 2013.

The arrest warrants are returnable by January 29.

Besides Mallya, the others against whom arrest warrants have been issued include a clutch of UB Group officials, including its Chief Financial Officer A.K. Ravi Nedungadi, Capt. G.R. Gopinath, promoter of Deccan Aviation Ltd till its merger with Kingfisher Aviation, Ashok Wadhwa of Ambit Private Ltd., and several chartered accountants associated with Kingfisher.

The Bengaluru court in its order said, “Cognizance is taken for the offence punishable under Section 36 read with section 448 and 447 of the Companies Act, 2013, and Section 68 read with Section 628 of the Companies Act, 1956.”

The order further directed its office to “register Special Criminal Case against accused No. 1 to 19 for the above said offences in separate register, which is to be opened for the Special Court under the Companies Act, 2013”.

“Issue Arrest Warrants against accused No. 1 to 19 for the above said offences. Returnable by 29.01.2018,” said the order.

Mallya is accused number five. The grounded Kingfisher Airlines too is one of the 19 accused.

The court in its order said, “Considering the various allegations made in the complaint, the status of each of the accused under the Companies Act, 2013 and 1956, I hold that cognizance has to be taken directly and process has to be issued against each of the accused.”

The order further said, “The offence under Section 36, 447 and 448 of the Companies Act, 2013, are punishable with imprisonment for a term which shall not be less than six months but which may extend to ten years and shall also be liable to fine which shall not be less than the amount involved in the fraud and even it may extend to three times the amount involved in the fraud.”

Noting that in the “present case amount involved in the fraud is heavy”, the court in its order said, “Therefore, Court feels that it is warrant case and instead of issuing summons, warrant has to be issued against all the accused.”

IANS

Cities

Govt overturns DU’s pro-VC’s removal, calls it invalid

Soon after her appointment, Bhatt took out an order cancelling the appointment order by Joshi terming him “without any jurisdiction and lawful authority”.

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Delhi University

New Delhi, Oct 23 : The chaos at Delhi University has intensified following a Central government move. A late night order by the Department of Education of Union Education Ministry issued has reversed the order by Vice-Chancellor (VC) of Delhi University Yogesh Tyagi to remove the pro-VC P.C. Joshi, stating that the latter will “act as a vice-chancellor and all the orders to be issued under the statutes with the approval of Vice-Chancellor should be issued with the approval of Pro-Vice Chancellor P.C. Joshi”.

The ministry’s order also said that since Tyagi is “absent” on medical grounds, orders issued by him are not “officially valid and should not be acted upon by the university functionary”.

“In future, if the Vice Chancellor wants to join the office, proper medical fitness certificate issued by the competent authority,” the letter signed by deputy secretary Birendra Kumar Singh at the union education ministry stated.

The order also mandated that the VC has to produce a fitness certificate from the centre he is being treated in if he wishes to rejoin the varsity in future.

“In future, if the VC wants to join the office, a proper medical fitness certificate issued by the competent authority who treated him, must be obtained,” the order read.

Earlier on Thursday, Joshi was removed from his position, just a day after he cleared the appointment of a new registrar even as Tyagi had appointed another person for the job.

Geeta Bhatt, a member of right-wing teachers’ group National Teachers’ Democratic Front (NDTF) has replaced Joshi. She’s also a leading member of the Group of Intellectuals and Academics (GIA), which said Delhi riots were a conspiracy of “Jihadis” and “Urban Naxals”.

Soon after her appointment, Bhatt took out an order cancelling the appointment order by Joshi terming him “without any jurisdiction and lawful authority”.

The chaos at the university began when the joint-registrar’s office issued a notification naming PC Jha as the director of the university’s south campus and as interim registrar from October 21.

“He has been appointed as Director South Campus in place of Prof. Suman Kundua with immediate effect till further orders. He will also act as Registrar, University of Delhi, as an interim arrangement, with immediate effect till further orders,” the notification had said.

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Heavy rainfall forecast in Odisha, districts put on alert

A depression formed over northwest and adjoining west central Bay of Bengal is likely to intensify further into a deep depression during next 24 hours, the IMD said.

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Karnataka Rain

Bhubaneswar, Oct 23 : The Odisha government on Thursday said it has alerted all district Collectors to remain alert as several parts of the state are likely to receive heavy rainfall in the next two days.

Special Relief Commissioner P.K. Jena said that the districts under red, yellow and orange warning are required to make advanced planning and remain fully prepared to meet any eventuality arising out of flood, water-logging and possible landslides in hilly areas.

The Indin Meteorological Department (IMD) issued a red warning for Jagatsinghpur, Kendrapara, Bhadrak and Balasore districts, orange warning for Puri district, and yellow warning for Ganjam, Khurdha, Cuttack, Jajpur and Mayurbhanj districts for the next two days.

Meanwhile, several places in the state started receiving rainfall on Thursday.

A depression formed over northwest and adjoining west central Bay of Bengal is likely to intensify further into a deep depression during next 24 hours, the IMD said.

The system is very likely to move north-northeastwards and cross West Bengal and adjoining Bangladesh coasts as a deep depression between Sagar islands (West Bengal) and Khepupara (Bangladesh) over Sundarbans by Friday afternoon, it said.

The Met Department said heavy to very heavy rainfall is very likely to occur at isolated places over Jagatsinghpur, Kendrapara, Bhadrak and Balasore. Squally weather with wind speed reaching 30-40 kmph and gusting to 50 kmph is likely along the coast in all the four districts, it said.

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Day after chaos, Delhi University’s pro-VC removed

Meanwhile, The DU Teachers’ Association condemned the series of events and termed them as “unprecedented chaos”.

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Delhi University

New Delhi, Oct 22 : The drama over the appointment of the new registrar has taken an ugly turn as Delhi University’s (DU) pro-Vice Chancellor, P.C. Joshi, has been removed from his position on Thursday.

The development came a day after he cleared the appointment of a new registrar, even as Vice Chancellor Yogesh Tyagi had appointed another person for the same position.

Joshi will be replaced by Geeta Bhatt, a member of right-wing teachers’ group, National Teachers’ Democratic Front (NDTF).

Bhatt is also a leading member of the Group of Intellectuals and Academics (GIA), which had said that the Delhi riots of February were a conspiracy of “Jihadis” and “Urban Naxals”.

Soon after her appointment, Bhatt took out an order saying that Joshi is “without any jurisdiction and lawful authority”.

The chaos at the university began when the joint-registrar’s office issued a notification naming P.C. Jha as the Director of the university’s South Campus and as interim registrar from October 21.

“He has been appointed as Director of South Campus in place of Suman Kundua with immediate effect till further orders. He will also act as Registrar, University of Delhi, as an interim arrangement, with immediate effect till further orders,” the notification said.

According to university sources, the fight is between two factions, one backed by the Vice Chancellor, who backed Jha, and Joshi, who on the same day of Jha’a appointment, sent him a letter of “illegally occupying the office”.

“In case you are not vacating the office immediately, you will be forcibly moved out of office and action will be initiated against you,” Joshi said in the letter to Jha.

Meanwhile, professors and officials at the university have called the fiasco disturbing and humiliating for the university.

“The reputation of the university is built over decades and it can be lost within no time. Only one side can be right, but here both the sides are issuing letters, showing a situation of lawlessness. Those who are in power did not care about the reputation of the university, especially during admission time,” said a professor of the university.

Meanwhile, The DU Teachers’ Association condemned the series of events and termed them as “unprecedented chaos”.

Vice Chancellor Tyagi, who is on medical leave at the moment, did not respond to the reporter’s calls and messages.

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