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ED finally Charge Sheets Mallya

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Vijay Mallya

[vc_row][vc_column][vc_column_text]Acted after embarrassment at London Court

Amidst being embarrassed in London’s Westminster Court for not providing evidence even after six months, Enforcement Directorate on Wednesday filed charge sheet in the Rs. 900-crore money laundering case against Vijay Mallya and eight others in Mumbai court.

The investigating agency has called Mallya the “Prime Mover of the entire plot” and described how funds obtained through loans were allegedly routed illegally including “substantial payments” to the Formula-1 car racing event abroad.

The charge sheet will now be submitted before the London Court, where Mallya’s extradition case is pending. The next hearing is scheduled on July 6.

ED finally Charge Sheets MallyaThe accused persons, apart from Mallya, include senior employees and executives of the now defunct Kingfisher Airline (KFA) and IDBI Bank. Investigations had found that Mallya and KFA along with IDBI Bank officials “criminally conspired to obtain funds to the tune of Rs. 860.92 crore despite weak financials, negative net-worth, non-compliance of corporate credit policy of new client, non-quality collateral security and low credit rating of  the borrower, out of which Rs. 807.82 crore of principal amount remains unpaid.”

The ED had registered a criminal case under Prevention of Money Laundering Act (PMLA) and has attached assets worth over Rs. 9,600 crore till now. The money trail analysis revealed that out of the total loan of Rs. 860.92 crore sanctioned and disbursed by IDBI Bank, Rs. 423 crore has been remitted out of India. The said payments were shown to be made towards aircraft rental leasing and maintenance, serving and spare parts, the charge sheet said.

On Wednesday, Emma Arbuthnot, The Chief Magistrate of Westminster Magistrates’ Court was quoted as saying, “…are Indians normally very prompt in their responses? They have taken six months so far and we haven’t got any further forward in the past six weeks.”

Mallya, before appearing in the court on that day told the Indian journalists, “I have not eluded any court… I have enough evidence to prove my case.” He taunted Indian authorities, “You can keep dreaming about billion pounds. I don’t make statements to the media because anything I say is twisted. There is enough evidence that will speak.”

Vijay Mallya, the beleaguered liquor baron and owner of the defunct Kingfisher Airline has been in the UK since March 2016. He was arrested by the Scotland Yard on an extradition warrant on April 18.

However, he was granted bail by the court the same day. His bail was extended last Wednesday till December 4, the day when final proceedings are expected. The Central Bureau of Investigation (CBI) is also investigating the case.[/vc_column_text][/vc_column][/vc_row]

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Nawaz Sharif, Bilawal Bhutto’s parties strike deal on Pakistan coalition Govt, Shehbaz Sharif to be PM

The PPP co-chairman Asif Zardari, 68, is set to assume the role of the President of Pakistan again.

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Nawaz Sharif’s Pakistan Muslim League-Nawaz (PML-N) and Bilawal Bhutto-Zardari’s Pakistan Peoples Party (PPP) have agreed on a power-sharing deal to form a new coalition government after days of intense negotiations, as per the senior party leaders.

On Tuesday night, in a joint conference, the PPP Chairman Bhutto announced that PML-N president, 72-year-old Shehbaz Sharif will be the Prime Minister of Pakistan once again and the PPP co-chairman Asif Zardari, 68, is set to assume the role of the President of Pakistan again.

Speaking to reports, Bhutto said the PPP and PML-N have achieved the required number, and now they were in a position to form the government.

He said the former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf party-backed candidates and Sunni Ittehad Council (SIC) could not achieve a simple majority in Parliament to form government in the Centre.

Bilawal hoped that the political alliance with PML-N to form a coalition government would result in a positive market response since the cash-strapped country faced a hung Parliament after the February 8 elections.

Independent candidates, who were supported by the 71-year-old Khan’s Pakistan Tehreek-e-Insaf party, managed to secure 93 seats in the National Assembly.

Shehbaz Sharif, in his speech, expressed confidence that his PML-N party, along with the PPP, now has the necessary numbers to form the next government. He also thanked the leadership of both parties for successfully concluding the talks.

According to the reports, the former prime minister highlighted the unity between the two political parties and their strong position to form the government at the Centre.

The PML-N secured 75 seats in the election, while the PPP came in third with 54 seats. Additionally, the Muttahida Qaumi Movement Pakistan (MQM-P) has agreed to support the two parties with their 17 seats.

To form a government, a party must win 133 out of 265 contested seats in the 266-member National Assembly or the lower house of Parliament.

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Poland Minister Wladyslaw T Bartoszewski says India is a superpower, should play role in World affairs

The Polish Minister said it is time to take the relations between the the two countries to a higher level. He said India has developed into a phenomenal country and is the 5th largest economy in the world. The minister said the Polish economy has also developed and both the countries have much more to offer each other.

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Secretary of state at the Foreign Affairs Ministry of Poland Wladyslaw T. Bartoszewski on Monday said that India should play a bigger role in global politics. He said India is a superpower now and hence India should play a role that fits superpower at the global scale. He said the relations between Poland and India have been extremely good. He said they have not had any problems.

The Polish Minister said it is time to take the relations between the the two countries to a higher level. He said India has developed into a phenomenal country and is the 5th largest economy in the world. The minister said the Polish economy has also developed and both the countries have much more to offer each other.

He said the Polish government wants India to play a more active role in World Politics. He said India is the largest democracy in the world and shares values with Poland as to how the world should be organised. The Polish Minister said he is looking to partner with India. He said Poland is looking at potentially creating the India-Central Eastern European Forum to discuss amongst a few countries.

He said there are a lot of topics and Poland wants to partner with India to play its role in the world affairs. Bartoszewski highlighted the remarkable economic growth India has made under the leadership of Prime Minister Narendra Modi. He said Warsaw would like to work in closer co-operation with New Delhi. India and Poland share strong bilateral ties.

After the Ukraine war began, Poland helped in India’s Operation Ganga by aiding in the evacuation of Indian students from the war struck country in 2022.The Polish minister commented on the Russia-Ukraine war which has been going on since the last two years. He said the war will end if immediately if Russian President Vladimir Putin withdraws his forces from neighbouring Ukraine.

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71st Miss World contestants visit Raj Ghat and pay respects to Mahatma Gandhi

The 71st Miss World will take place between February 18 and March 9 which will unfold across various venues, including the Bharat Manadapam in New Delhi. 120 contestants from countries around the world will participate in various competitions and charitable initiatives, serving as ambassadors of change.

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Miss World contestants, accompanied by Julia Morley, chairman and CEO of the Miss world Organisation, visited the Raj Ghat, also known as the Gandhi memorial, on Monday, where they paid their respects to Mahatma Gandhi. The 71st Miss World participants also visited the Gandhi Museum.

The 71st Miss World will take place between February 18 and March 9 which will unfold across various venues, including the Bharat Manadapam in New Delhi. 120 contestants from countries around the world will participate in various competitions and charitable initiatives, serving as ambassadors of change.

Julia Morley, chairman and CEO of the Miss World Organisation said in a statement that her love of India is no secret and having the 71st Miss World Festival in this country means a lot to her. She thanked Jamil Saidi for his herculean efforts to make the return of the event to India a reality. She said the Miss World Organization has assembled the best team for the 71st edition.

The 71st Miss World will end with a dazzling grand finale at the Jio World Convention Centre in Mumbai. India last hosted the international pageant in 1996. Manushi Chhillar was the most recent Indian to win the pageant, having bagged the crown in 2017. Previously, Reita Faria Powell, Aishwarya Rai, Diana Hayden, Yukta Mookhey, and Priyanka Chopra Jonas have also won the competition.

India is currently hosting Miss World 2024 in Delhi and Mumbai after 28 years. The competition will begin on  Februray 18, with the grand finale scheduled  on March 9, the 71st Miss World Pageant will feature 120 contestants from 120 countries and territories, which includes India and will feature various competitions and charitable initiatives. The 21-day fashion and beauty event will feature a variety of events that will empower young women as change agents and future leaders.  

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