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ED questions Anil Ambani in alleged foreign exchange violation case

The ED had called Ambani in connection with its investigation into money laundering against Yes Bank promoter Rana Kapoor in March 2020.

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Anil Ambani

An investigation into potential breaches of the Foreign Exchange Management Act (FEMA) led industrialist Anil Ambani to appear before the Enforcement Directorate (ED) in Mumbai on Monday.

The investigative organisation questioned him on an alleged foreign exchange violation case.

He arrived at the ED office around 10 am, according to sources, and left after giving his statement.

The ED had called Ambani in connection with its investigation into money laundering against Yes Bank promoter Rana Kapoor in March 2020.

According to the ED, Ambani’s group companies were among the large businesses that reportedly had loans defaulted upon after borrowing from the troubled bank.

The group asserted that all of its debt owed to Yes Bank was properly secured and obtained in the normal course of business. According to reports, the bank granted loans totaling roughly Rs 12,800 crore to Ambani’s nine group entities.

The Bombay High Court had instructed the income tax division not to pursue any “coercive action” against the chairman of the Reliance Group in September of last year regarding an alleged tax evasion of Rs. 420 crore.

The court also put on hold a notice of prosecution that the income tax authorities had sent to Ambani for failing to disclose the amount held in two Swiss bank accounts.

Anil Ambani was accused of willful evasion by the income tax department after it claimed that he intentionally withheld information about his foreign bank accounts from tax officials.

He apparently received a show-cause order in this regard in August 2022.

Last week, the Reliance Capital lenders supported the Hinduja Group’s bid of Rs 9,661 crore to purchase the Anil Ambani-owned business.

The company’s lenders supporting a potential purchase by the Hinduja Group-owned IndusInd International Holdings was the cause of the price increase on Monday.

The Reliance Group, headed by Anil Ambani, named Parul Sharma as its president last month.

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Priyanka Gandhi joins Rahul Gandhi on last leg of Bharat Jodo Nyay Yatra in Uttar Pradesh

Gandhi slammed BJP government and said Prime Minister Narendra Modi tells people that India belongs to everyone. He added 90% of the people don’t get any participation as a result there is a need for caste census. He said the BJP system works by diverting the people of India by talking about Bollywood and surgical strike.

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Congress leader Rahul Gandhi and party general secretary Priyanka Gandhi on Saturday took out the final leg of Bharat Jodo Nyay Yatra In Uttar Pradesh’s Moradabad. Congress said Priyanka Gandhi Vadra  will accompany Rahul Gandhi as the yatra passes through Amroha, Sambhal, Bulandshahr, Aligarh, Hathras, Agra and will conclude at Fatehpur Sikri on Sunday.

Congress leaders Rahul Gandhi and Priyanka Gandhi were seen waving to people from an open jeep. People raised slogans such as Rahul Gandhi Zindabad, Priyanka Gandhi zindabad and Congress party zindabad as the Bharat Jodo Nyay Yatra passed through different areas of Moradabad. The padyatra started from Jama Masjid Chauraha in Moradabad to Sambhal Chauraha.

Gandhi slammed BJP government and said Prime Minister Narendra Modi tells people that India belongs to everyone. He added 90% of the people don’t get any participation as a result there is a need for caste census. He said the BJP system works by diverting the people of India by talking about Bollywood and surgical strike.

Gandhi said 50% people in the country are backward, 15% minorities, 15% Dalit and 8% Adivasi. He wanted to ask about the participation of 90% of India’s population. He said none of these people are represented in the media. He said the common man of India can be seen in the list of MGNREGA but not in the big companies, the high court and the media.

Gandhi said PM Modi says Hindostan sabka hai. He asked ye sabka kaise hai? If 90% are not getting any participation. Congress leader Priyanka Gandhi slammed the Uttar Pradesh government over paper leaks and said 28 lakh students wrote the exam for UP Police but the exam was leaked. She said the unemployment rates have increased after the formation of BJP government in Uttar Pradesh and at the Centre.

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Andhra Pradesh elections: TDP, Jana Sena release first joint list of 118 candidates

There are 175 assembly segments in Andhra Pradesh, in which Chandrababu Naidu’s party will fight for 151 seats in the assembly polls while Jana Sena will contest on the rest 24.

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For the upcoming Andhra Pradesh Assembly elections, leaders of the Telugu Desam Party (TDP) and Jana Sena Party, Chandrababu Naidu and Pawan Kalyan, announced the first list of candidates on Saturday, which included 118 names.

In the assembly polls, Chandrababu Naidu’s party will compete for 151 seats, with Jana Sena taking up the remaining 24 seats. In Andhra Pradesh, there are 175 assembly segments.

TDP’s son Naga Lokesh, will contest from the Mangalagiri seat, while the TDP supremo will represent Kuppam.

However, the two leaders stated that the BJP’s seat requirement has been taken into consideration in case the party chooses to join the coalition.

Addressing a press conference on TDP-Jana Sena alliacnce in Andhra Pradesh, Chandrababu Naidu said, this union is for the state’s future. This is the first step towards a great effort, he added.

Naidu also said, they have given more opportunities to the youth and BC candidates. Quoting the exact figure, the TDP chief said, there are 23 people, who are contesting as MLAs for the first time and there are 28 post graduates in the list. YCP announces Red Sandalwood traders as candidates. They have selected candidates who are accountable to the people, Chandrababu Naidu said. According to TDP insiders, negotiations with the BJP about a potential pre-election alliance were presently taking place.

There are 118 nominees on the first list, in which TDP leads with 94 candidates, while coalition partner Jana Sena has been allotted 24 Assembly tickets, which will be announce shortly.

Twenty-three of the 94 newbies on TDP’s list have been included.

Meanwhile, the JSP has declared candidates for five of the 24 seats including Lokam Madhavi in Nellimarla, Anakapalli in Konathala Ramakrishna, Rajanagaram in Battula Balaramakrishna, Nanaji in Kakinda Rural, and Tenali in Nadendla Manohar. Soon, the remaining 19 names will be revealed.

This year, Andhra Pradesh will have simultaneous elections for the Lok Sabha and Assembly.

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NCP (SCP) launches its party’s new symbol ‘man blowing tura’ in presence of Sharad Pawar

Pawar said to establish a people’s government, they need to struggle and hence have to strengthen the trumpet symbol. He said it is an inspiration to launch a new struggle for people’s welfare and a government which works for their upliftment.

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NCP (SCP) launched its party’s new symbol ‘man blowing tura’ in presence of party Sharad Pawar at the Raigad fort on Saturday. The NCP (SCP) chief said he sought the support of the party workers in bringing a government that works for the welfare and progress of the common man. He added the trumpet will bring happiness to the people.

Pawar said to establish a people’s government, they need to struggle and hence have to strengthen the trumpet symbol. He said it is an inspiration to launch a new struggle for people’s welfare and a government which works for their upliftment.

Maharashtra NCP chief Jayant Patil said the trumpet is a symbol of bravery, victory and inspiration to fight. He said they are seeking the blessings from Chatrapathi Shivaji Maharaj from the fort where his coronation was performed and the place where he spent the last days of his life and where his Samadhi is situated.

The symbol was allotted to the party by the Election Commision of India on Thursday. The trumpet refers to tutari in Marathi and is sounded to mark the entry of important persons. The NCP(SCP) took to X and wrote the Tutari in the form of great valour of Chhatrapathi Shivaji Maharaj had once deafened the emperor of Delhi. He said it is a great honour for his party to get Tutari (Man Blowing Turha) as the symbol for the upcoming elections.

He said Tutari is now ready to shake Delhi’s throne under the leadership of Sharadchandra Pawar. He quoted lines from popular poem Tutari written by Jnanpith awardee Kusumagraj. The NCP which was founded by Sharad Pawar, split in July when Ajit Pawar and eight MLAs joined the Eknath Shinde government. The election commission assigned the party name and clock symbol to Ajit Pawar’s faction.

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