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SC defers hearing of Vijay Mallya’s contempt case

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New Delhi, July 14, 2017: The Supreme Court on Friday deferred hearing on the quantum of punishment to be awarded to liquor baron Vijay Mallya in connection with the contempt of court case till the government produces him before it.

Noting the steps being taken by the central government for Mallya’s extradition, a bench of Justice Adarsh Kumar Goel and Justice Uday Umesh Lalit said: “The matter may be put up (before the court) on his (Mallya) production before the court.”

Following a brief hearing, the bench in its order said: “The contemnor (Mallya) failed to appear despite he being represented by counsel.

“Government of India has taken steps to secure his presence but Mallya is yet to be produced. Extradition proceedings are on and all steps are being taken by the government to produce him before the court.”

In May, the apex court had held Mallya guilty of contempt of court for disobeying its orders by not disclosing full particulars of his assets and also violating the orders of Karnataka High Court by transferring USD 40 million received from British firm Diageo PLC, in February 2016, and allegedly transferred the money to his children, instead of repaying the loans that he owes to the banks.

The court had also directed the Union Home Ministry to “secure and ensure” the presence of embattled businessman Vijay Mallya, who is currently in the United Kingdom, before it on July 10.

The absconding businessman was arrested by the Scotland Yard last month on fraud allegations, which triggered his extradition process in the British courts.

However, Mallya was released on bail as he assured the court to abide by all conditions associated with extradition proceedings, including surrendering his passport.

India had recently asked Britain to ensure early extradition of Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines.

The offence of contempt of court entails a maximum imprisonment of up to six months or a fine of upto Rs 2,000 or both.

The apex court’s order came on a plea by the consortium of banks, led by the State Bank of India (SBI), which had said that Mallya had not disclosed full particulars of his assets and violated various judicial orders.

Wefornews Bureau

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Petrol prices at 3-year high; diesel at record high

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New Delhi, Jan 24: Petrol and diesel prices kept spiralling even on Wednesday, touching new highs in the national capital and other metros.

Petrol was sold at Rs 72.43 per litre in Delhi, the highest in three years. It cost Rs 72.51 on August 2014, according to data from Indian Oil Corp.

In Kolkata, Mumbai and Chennai, petrol was sold at Rs 75.13, Rs 80.30 and Rs 75.12 per litre respectively, also at over three-year high levels.

The previous highs were Rs 75.46 (Kolkata, October 2014), Rs 80.60 (Mumbai, August 2014) and Rs 75.78 per litre (Chennai, August 2014).

Similarly, diesel prices, which have been touching new levels, shot up further on Wednesday across all major cities.

In Delhi, diesel was sold Rs 63.38 per litre. In Kolkata, Mumbai and Chennai, it cost Rs 66.04, Rs 67.50 and Rs 66.84 a litre respectively.

Diesel is widely used to transport goods including food products. Experts say this will push up inflation.

Several factors like production curbs by the Organization of the Petroleum Exporting Countries and high demand have led to a surge in crude oil prices. As on January 24, price of the Brent crude oil hovered around $70 a barrel.

Also, daily price revision in India allows for a rise in domestic fuel prices in accordance with international trends. The earlier system of price determination of petrol had a waiting period of 15 days.

On the other hand, imposition of state taxes and levies generally hikes prices. Currently, the two fuels do not come under the ambit of the Goods and Services Tax.

IANS

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Fodder scam: Lalu Yadav, Jagannath Mishra gets five years jail term

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Ranchi, Jan 24: A special CBI court on Wednesday sentenced former Bihar Chief Ministers Lalu Prasad and Jagannath Mishra to five years jail term in a fodder scam case.

Along with the imprisonment, the court imposed fine of Rs 5 lakhs to both leaders.

Special court judge S.S. Prasad announced the judgment in the case, which is related to fraudulent withdrawal of Rs 33.67 crore from Chaibasa treasury in 1992-1993.

The allegation is that Rs 33.67 crore was withdrawn on fake allotment letters. The actual sanction of amount was Rs 7.10 lakh.

In all there are 56 accused, including former Chief Secretary of Jharkhand Sajal Chakraborty. Sajjal was Deputy Commissioner of West Singhbhum district when the alleged fraudulent withdrawal had taken place.

This is the third case in which Lalu Yadav and Jagannth Mishra are accused.

At present, the RJD Chief is in Ranchi’s Birsa Munda Central Jail, as he was awarded a three-and-a-half year sentence on January 6 this year in a fodder scam relating to fraudulent withdrawal from Deoghar treasury.

Lalu Yadav was first convicted in a fodder scam case in 2013 and was sentenced five years’  of jail term.

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Won’t Let Padmaavat Release, says Karni Sena Chief

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Jaipur, Jan 24 : The Supreme Court’s green signal for countrywide screening of “Padmaavat”  notwithstanding, Karni Sena chief Lokendra Singh Kalvi on Wednesday said the Rajput organisation won’t allow the Sanjay Leela Bhansali helmed to be released as it depicts the Rajput queen in less than honourable light.

“We are adamant on our stand that this film should be banned. January 25 may come and go but we won’t let the film release, come what may,” Kalvi stated.

He urged  people for a self-imposed curfew to boycott the movie that “insults the mother, Rani Padmavati”.

On being asked about the violence being perpetrated in the name of banning the movie, Kalvi stated it was “sad”, but held Bhansali responsible for it.

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