National
2G cases: Court acquits Loop, Essar promoters
New Delhi, Dec 21 (IANS) A court hearing the 2G scam case on Thursday acquitted DMK chief M Karunanidhi’s wife Dayalu Ammal and Essar and Loop promoters in two different cases related to the 2G spectrum allocation, besides former Telecom Minister A. Raja and DMK MP Kanimozhi.
“I have absolutely no hesitation in holding that prosecution has miserably failed to prove any charge against any of the accused. Consequently, all accused are entitled to be acquitted and are accordingly acquitted,” said Central Bureau of Investigation (CBI) Special Judge O.P. Saini.
The court acquitted Essar Group promoters Ravi Ruia and Anshuman Ruia, Essar Group director (strategy and Planning) Vikas Saraf and Loop Telecom promoters I.P. Khaitan and Kiran Khaitan.
Observing that the “prosecution has not been successful in proving offence of conspiracy to cheat Department of Telecommunications”, it also acquitted three companies Loop Telecom, Loop Mobile India and Essar Tele Holding.
A third set of charges filed by the CBI in the 2G case alleged that the promoters of Essar Group were the real investors and beneficiaries of the spectrum and licences issued to Loop Telecom, which was used as a front company by the Essar Group to acquire the 2G licences and spectrum in 2008.
The court observed that prosecution has failed to prove that Loop Telecom Ltd was a company of Essar group or was substantially controlled by it and as such, it was not eligible to apply for Unified Access Services (UAS) licences and there was no material on record to show that the applications for 21 UAS licences were filed at Saraf’s instance or the Ruias or Khaitan were involved in the filing of applications.
“There is no evidence that Essar group was in control of Loop Telecom Ltd except the fact that on the date of applications for UAS licences, that is, on September 3. 2008, it held nonconvertible debentures of Swan Telecom (STPL) to the tune of Rs 1,592 crore,” the court said, adding that “there is no evidence on record that the transactions were not genuine or were sham or circuitous aimed at controlling Loop Telecom by Essar.
Evidence is on record that Khaitan owns his own group of companies known as “Khaitan group” and it is separate and independent from Essar group, the court said adding that “evidence is almost crystal clear and the same is against the prosecution.”
In a statement, an Essar spokesperson said: “We are thankful to the Hon’ble Court for the judgement since it vindicates our stated position, and the court has accepted it.”
In another case related to money laundering, the court acquitted 19 accused including Raja and Kanimozhi.
The court observed that money laundering case lodged by Enforcement Directorate was entirely based on the CBI charge sheet, particularly in respect of generation of “proceeds of crime”, and citing the acquittal in CBI case, said: “In view of acquittal of accused in the case relating to scheduled offence, there are no proceeds of crime.”
“Proceeds of crime is the foundational fact for the offence of money laundering. Since there are no ‘proceeds of crime’, there can be no offence of money laundering, as nothing remains to be laundered.
“Thus, the very base of the instant case is gone and the alleged offence stands wiped out,” it said.
Kanimozhi with Raja, Swan telecom promoters Shahid Usman Balwa and Vinod Goenka, Kusegaon Fruits and Vegetables Pvt. Ltd. directors Asif Balwa and Rajiv Agarwal, Bollywood producer Karim Morani, Dayalu Ammal, Kalaignar TV director Sharad Kumar and P. Amirthan were charge sheeted by the Enforcement Directorate in the case.
The companies named in the case are Swan Telecom Pvt Ltd, Kusegaon Realty Pvt. Ltd., Cineyug Media and Entertainment Pvt. Ltd. (Cineyug Films), Kalaignar TV (KTV) Pvt. Ltd., Dynamix Realty, Eversmile Construction Company Private Limited, Conwood Construction and Developers (P) Ltd., DB Realty Ltd. and Nihar Construction Pvt. Ltd.
The accused have been booked under various sections dealing with the Prevention of Money Laundering Act (PMLA).
The ED said that amount of Rs 200 crore was paid by STPL’s promoters, using their group entity Dynamix Realty, to KTV, through KFVPL and Cineyug Films in the garb of legitimate financial transaction, that is as loan/share application money.
The payment was illegal gratification for and on behalf of Raja and his associates in lieu of illegal favours given to the STPL for grant of UAS licence, it has been contended.
–IANS
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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.
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