Connect with us

National

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

Published

on

Bengaluru, Jan 19 (IANS) 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
pk/sac/vm

Continue Reading

National

Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok

Published

on

By

Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.

The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.

Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.

Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.

For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.

During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.

Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.

Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .

Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.

In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.

During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.

In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.

He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.

Continue Reading

Trending