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ED to quiz Indrani Mukerjea in INX Media money laundering case today

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Indrani Mukerjea

[vc_row][vc_column][vc_column_text]Indrani, already in jail for allegedly murdering her daughter Sheena Bora, will is suspected to have siphoned off over 90 million GBP from INX Media

In more trouble for the jailed Sheena Bora murder accused – Indrani Mukerjea – the Enforcement Directorate has claimed that she, along with her now-estranged husband Peter Mukerjee had allegedly laundered 90 million Great Britain Pounds, out of INX Media – a company they jointly ran before selling it off in 2009.

The ED, on Thursday, secured a two-day judicial custody of Indrani from a special CBI court in Mumbai and is likely to question her over the money laundering charges on Friday and then again on December 6. According to ED sleuths, Indrani and Peter siphoned off the money from INX media and then routed it to bank accounts in offshore destinations through hawala transactions.

It is pertinent to note that Karti Chidambaram, son of former Union finance minister P Chidambaram, is also an accused in the larger INX Media money laundering case. The ED’s request to question Indrani on the money laundering charges in the case may, however, not be linked with the role that Karti has been accused of.

Earlier in May, a first information report (FIR) was lodged against Karti, Indrani and Peter Mukerjea, unknown officers of the Foreign Investment Promotion Board (FIPB) unit of ministry of finance and others over alleged financial misappropriation over FIPB clearance to INX Media in 2008.

On Thursday, ED’s counsel Hiten Venegaonkar had filed an application to the CBI court – seeking permission from the District Women Prisons’ Byculla Jail authorities – to record Mukerjea’s statement in the INX Media case for two days – November 24 and December 6.

According to a report in Asian Age, an application filed by the ED through its counsel before CBI judge JC Jagdale, said: “INX Media had approached the then chairman of FIPB, department of economic affairs in 2007. It sought approval for permission to issue by the way of preferential allotment in one or more tranches up to 14,98,995 equity shares of Rs 10 each and up to 31,22,605 convertible non-cumulative redeemable preference shares of Rs 10 each, collectively representing approximately 46.216 per cent of the issued equity share capital of INX Media on an ‘as converted’ basis to three non-resident investors under the FDI route.”

The ED application also reportedly mentions that Peter Mukerjea’s son Rabin is allegedly handling the funds held in the form of bonds in New Zealand. “Illicit funds gathered by Peter Mukerjea and Indrani have been siphoned off to unknown overseas destinations and routed back to UK and India through Mauritius-based foreign investors,” the application says, adding that Rabin Mukerjea has ownership/association of three bank accounts in Royal Bank of Scotland and accounts in ANZ Bank, and a company, Grant Central Entertainment LLP, UK.

Reportedly, the ED has also sought to link the money laundering allegations against Indrani Mukerjea with the Sheena Bora murder case. Sources said that ED has noted in its application before the special CBI court that the murder of Sheena Bora, Indrani Mukerjea’s daughter from an earlier relationship, was suspected to be motivated by financial reasons. Sheena Bora’s murder had come to light in August 2015 after Indrani’s driver Shyamvar Rai, who had been arrested in an unrelated case, had reportedly confessed before the police that Sheena had been murdered by her mother and her body had been disposed off in a forest.[/vc_column_text][/vc_column][/vc_row]

India News

Abhishek Banerjee gets three-week interim protection in Bengal signature forgery case

TMC MP Abhishek Banerjee has secured three weeks of interim protection from coercive action in the Bengal signature forgery case while the CID probe continues.

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Abhishek Banerjee

Trinamool Congress MP Abhishek Banerjee has received interim protection from coercive action for three weeks from the Calcutta High Court in connection with the alleged signature forgery case being investigated by the West Bengal CID. The relief comes amid an ongoing legal challenge by the senior party leader against repeated summons issued by investigators.

The case relates to allegations that signatures of several Trinamool Congress MLAs were forged on a party resolution submitted to the West Bengal Assembly during a leadership dispute. The complaint led to the registration of a case and a CID investigation, with the agency seeking to question Banerjee regarding the disputed document.

Court grants temporary relief

During the hearing, the court granted Banerjee protection from arrest and other coercive measures for three weeks while the matter remains under judicial consideration. The interim order provides temporary relief as the legal proceedings continue and the CID investigation moves forward.

Banerjee had approached the High Court challenging the CID summons and seeking protection from any adverse action. He had also requested additional time to appear before investigators, citing legal proceedings and other commitments.

CID probe and summons

The West Bengal CID has issued multiple notices to Banerjee in the alleged forgery case and has maintained that his statement is important for the investigation. Investigators have also questioned several MLAs and carried out searches linked to the probe.

According to investigators, the inquiry focuses on allegations that signatures appearing on a party communication submitted to the Assembly did not match those of some legislators. The authenticity of the document and related records remains under examination.

The matter is expected to return to court after the expiry of the interim protection period, while the CID investigation continues.

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Centre waives excise duty on higher ethanol-blended petrol to boost biofuel adoption

The Centre has removed excise duty on petrol blended with 22-30 per cent ethanol, a move aimed at encouraging higher ethanol adoption and reducing dependence on imported crude oil.

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Fuel Rate

The central government has exempted petrol blended with higher levels of ethanol from excise duty, extending fiscal support beyond the existing E20 fuel standard. The move applies to fuel variants containing between 22 per cent and 30 per cent ethanol, including E22, E25, E27 and E30 blends.

The decision marks one of the first major tax incentives aimed specifically at encouraging the use of ethanol blends above E20. It comes as India continues to expand its biofuel programme to reduce dependence on imported crude oil and promote cleaner fuel alternatives.

New standards and tax support pave way for higher blends

The excise-duty exemption follows the recent notification of fuel-quality standards for E22, E25, E27 and E30 petrol blends by the Bureau of Indian Standards (BIS). The standards came into effect on May 15, 2026, and outline specifications related to ethanol content, octane ratings, sulphur limits and testing procedures.

Industry observers view the combination of technical standards and tax incentives as an important step towards the future adoption of higher ethanol-blended fuels across the country.

Ethanol blending programme gathers pace

India’s ethanol blending initiative has expanded rapidly in recent years. Under the National Policy on Biofuels, the government advanced its target of achieving 20 per cent ethanol blending in petrol from 2030 to the Ethanol Supply Year 2025-26.

According to government data, public sector oil marketing companies achieved 10 per cent blending in June 2022 ahead of schedule. Blending levels subsequently increased to 12.06 per cent in 2022-23, 14.60 per cent in 2023-24 and 17.98 per cent in 2024-25 up to February 2025.

Government highlights economic and environmental benefits

The government sees ethanol as a strategic tool for reducing India’s dependence on imported fossil fuels. India remains one of the world’s largest crude oil importers, making fuel imports a significant burden on the economy.

Union Minister for Road Transport and Highways, Nitin Gadkari, has repeatedly argued that higher ethanol use can lower pollution, support domestic agriculture and help retain money within the country that would otherwise be spent on fuel imports.

The policy is also expected to create additional demand for ethanol feedstocks and support farmers involved in supplying raw materials for biofuel production.

Debate over higher ethanol blends continues

The expansion of ethanol-blended fuel has generated discussion among vehicle owners regarding compatibility and fuel efficiency. Concerns linked to E20 fuel previously reached the Supreme Court, which dismissed a petition challenging its nationwide rollout in 2025. The government maintained that the transition had been thoroughly evaluated and would deliver broader economic benefits.

Industry groups have stated that while some older vehicles may experience a slight reduction in mileage with higher ethanol content, E20 fuel does not present a safety risk.

The latest tax exemption suggests policymakers are preparing for a future in which ethanol blends beyond E20 play a larger role in India’s fuel ecosystem.

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Protests erupt in Manipur after bodies of six abducted Naga civilians recovered

The recovery of six abducted Naga civilians’ bodies in Manipur has sparked protests and a shutdown call by the United Naga Council, while the state government has promised strict action against those responsible.

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Fresh protests have broken out in Manipur after the bodies of six Naga civilians, who had been abducted nearly a month ago, were recovered in Kangpokpi district. The incident has intensified tensions in the state’s hill regions and triggered strong reactions from Naga organisations and community leaders.

The United Naga Council (UNC), the apex body representing Nagas in Manipur, condemned the killings and described the deaths as a grave violation of human rights. The organisation announced a 24-hour shutdown across Naga-inhabited areas and said it would not accept the bodies until its key demands are addressed.

According to the UNC, the six men were among a group of Naga civilians allegedly taken hostage on May 13 during heightened tensions between Naga and Kuki groups in the region. The council claimed the victims were recovered in a mutilated condition, further fuelling anger within the community.

Shutdown call and demands

The shutdown began on June 11 and is intended as a mark of protest and solidarity with the victims’ families. The UNC has demanded strict action against those responsible for the abductions and killings. It has also called for the arrest and prosecution of members of the Kuki National Front (President), or KNF(P), whom it accuses of involvement in the hostage-taking.

The organisation has additionally urged the Manipur government to review existing arrangements with armed groups operating in the state and take stronger measures to prevent further violence.

Government response

The Manipur government has strongly condemned the killings. Chief Minister Yumnam Khemchand Singh expressed condolences to the families of the victims and assured that those responsible would be brought to justice.

State authorities said investigations are underway and stressed that those involved in the crime would face legal action.

Background to the hostage crisis

The deaths mark a tragic development in a hostage crisis that has unfolded amid growing Naga-Kuki tensions in parts of Manipur. Security forces had been conducting search operations for weeks to trace abducted civilians from both communities. Earlier this week, 14 Kuki hostages were released, raising hopes of a breakthrough before the discovery of the six Naga bodies reignited tensions.

The incident is expected to further complicate efforts to restore peace in the state, where ethnic and community-related tensions have persisted in several districts.

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