New Delhi: Essar promoters Ravi and Anshuman Ruia, and Loop Telecom's Kiran Khaitan and IP Khaitan have been charged with conspiracy while Essar's Director for Strategy and Planning Vikash Saraf has been charged with cheating and conspiracy in the 2G spectrum allocation scam. The Special Central Bureau of Investigation (CBI) court also granted them bail on a surety bond of Rs 5 lakh each while charging them. Advancing arguments on...
04:22 PM, May 25, 2012
New Delhi: A Delhi Court will pronounce its order on Friday on farming of charges against Essar group and Loop Telecom promoters for allegedly committing offences of cheating and criminal conspiracy for obtaining the 2G spectrum licences from government. "Put up for order on May 25. All the five accused person shall remain present in the court in person (on May 25)," Special CBI Judge OP Saini said after the...
11:53 AM, May 25, 2012
New Delhi: Faced with criticism over the proposed amendments to tax laws with retrospective effect, the government may dilute the provisions to allow waiver of penalties on tax demands to be raised on Vodafone-like acquisitions involving domestic assets. "Adding a clause to allow waiver of penalty for deals which took place before April 1, 2012 is being considered by the government," a senior Finance Ministry official said. Once the changes...
12:42 PM, May 06, 2012
New Delhi: The Intelligence Bureau has issued an alert of a possible terror strike in Gujarat. A specific input from the Intelligence Bureau indicated that six terrorists from the Lashkar-e-Taiba are likely to target Ahmedabad and Jamnagar. Police on Saturday searched residential areas around major petroleum refiners in the Jamnagar city, and released photographs of six suspected LeT terrorists. Coast Guard has beefed up the security along the Jamangar coast...
09:39 PM, May 05, 2012
New Delhi: A special CBI court will on Thursday begin hearing arguments on charges against Loop Telecom and the Essar Group in 2G spectrum allocation scam case. The court would also take up applications seeking a shield against arrest filed by Essar Group promoters Ravi Ruia and Anshuman Ruia, Loop Telecom promoters IP Khaitan and Kiran Khaitan and Essar group director Essar Group director (strategy and Planning) Vikas Saraf. A...
06:42 AM, May 03, 2012
New Delhi: The Supreme court will hear the case filed by Essar and Loop prompters challenging criminal proceeding against them in the special CBI court on Wednesday. The promoters want the proceedings to be conducted before a magistrate. Essar Group promoters Ravi Ruia and Anshuman Ruia, Loop Telecom promoters IP Khaitan and Kiran Khaitan and Essar group director Essar Group director (strategy and Planning) Vikas Saraf claim the proceedings should...
08:36 AM, Apr 25, 2012
New Delhi: A special Central Bureau of Investigation (CBI) court on Saturday said arguments on the framing of charges against some top corporate honchos from Loop Telecom and Essar Group will commence May 3. Special CBI Judge OP Saini put, for May 3, the arguments on framing of charges and bail application of Ravi Essar Group promoters Ravi Ruia and Anshuman Ruia, Loop Telecom promoters IP Khaitan and Kiran Khaitan...
07:32 PM, Apr 21, 2012
New Delhi: A Delhi court will on Saturday hear the bail applications of Essar and Loop promoters, named as accused in a case flowing out of the 2G spectrum allocation scam. Essar group promoters Ravi and Anshuman Ruia and Loop Telecom promoters IP Khaitan and Kiran Khaitan had moved their bail pleas after they appeared before Special CBI Judge OP Saini on March 31, 2012. The CBI has charged them...
06:05 AM, Apr 21, 2012
New Delhi: Promoters of Essar Group and Loop Telecom, named as accused in a case flowing out of the 2G scam, on Saturday appeared before a Delhi court. Essar group promoters Ravi and Anshuman Ruia and Loop Telecom promoters IP Khaitan and Kiran Khaitan moved their bail pleas after they appeared before Special CBI Judge OP Saini. The court listed the matter for arguments on bail pleas for April 21...
11:48 AM, Mar 31, 2012
Gandhinagar: The Gujarat government on Friday tabled the Comptroller and Auditor General (CAG) report in the Assembly amidst Opposiiton din. The report lists alleged irregularities worth Rs 16,700 crore and purchase and sale of gas by state enterprise GSPC and alleged undue favours to corporations. The CAG report will now be referred to the Public Accounts Committee (PAC) before it is referred back to the Assembly. The report of the...
06:41 PM, Mar 30, 2012
Mumbai: The Bombay High Court on Monday directed telecom major Vodafone India to deposit with it an additional amount of Rs five crore before March 31, in connection with an over Rs 77-crore tax demand, while the Income Tax department decides on the company's rectification application. The division bench headed by Justice DY Chandrachud was hearing the petition filed by Vodafone, challenging the March 21 notice by the Income Tax,...
08:19 PM, Mar 26, 2012
New Delhi: The Supreme Court on Tuesday dismissed a review petition filed by the Central Government in the Vodafone tax case. The apex court ruled that there was no tax liability in Vodafone International Holdings-Hutchison Essar transaction. However, the government can raise fresh tax demand after the passage of Finance Bill 2012-13 as in a significant move that will have implications in the Vodafone and other cases involving tax liability...
05:06 PM, Mar 20, 2012
New Delhi: Essar Group promoters Anshuman and Ravi Ruia, accused in a case flowing out of the 2G scam, were on Saturday directed by a Delhi Court to appear in person before it with a warning they would suffer if they do not do so. The warning came from Special CBI Judge O P Saini after the Ruias and Loop Telecom promoters I P Khaitan and Kiran Khaitan also failed...
09:19 PM, Mar 17, 2012
New Delhi: Essar Group promoters Anshuman and Ravi Ruia, accused in a case flowing out of the 2G scam, were on Saturday directed by a Delhi Court to appear in person before it with a warning they would suffer if they do not do so. The warning came from Special CBI Judge OP Saini after the Ruias and Loop Telecom promoters IP Khaitan and Kiran Khaitan also failed to turn...
12:23 PM, Mar 17, 2012
New Delhi: The promoters of Loop Telecom and Essar Group failed to appear in court yet again on Wednesday. Promoters I P Khaitan and Kiran Khaitan were granted exemption from personal appearance by a Delhi court, which had summoned them as accused in the 2G case. "Exemption applications of four accused (Ruias and Khaitans) are allowed for today only," Special CBI Judge O P Saini said after taking note of...
10:27 AM, Feb 22, 2012
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