Supreme Court Says Probe Report On Exiled CBI Chief Alok Verma A Mix, Seeks His Reply


CBI director Alok Verma and CBI No. 2 Rakesh Asthana have been sent on forced leave

New Delhi: 

Exiled CBI director Alok Verma has been asked by the Supreme Court to respond to the Central Vigilance Commission’s inquiry report on allegations of corruption against him. The report is “complimentary on some charges, not so complimentary on some charges and very uncomplimentary on some charges,” the court told the CBI chief today, asking him to respond to the report in a sealed cover by Monday.

The court also said further inquiry was required into some charges.

The vigilance report is a “mix” and exhaustive, Chief Justice of India Ranjan Gogoi told the CBI chief. “This report can be given to you in a sealed cover and you give reply in sealed cover,” Chief Justice Gogoi said.

Sources have said the vigilance commission has found no evidence of bribe-taking as alleged by CBI number two Rakesh Asthana, but has noted “administrative lapses” on his part.

The court had asked the top vigilance body to wrap up its investigation within two weeks, under the supervision of a retired judge.

Rakesh Asthana had written to the government and the vigilance chief accusing his boss of taking bribe from a businessman on the CBI’s radar.

Mr Asthana had also accused the CBI director of not sharing crucial intelligence inputs against two industrialists with other agencies, and missing the name of a senior railway official from the FIR filed in the railway hotel scam involving Lalu Yadav’s family.

Alok Verma also accused Mr Asthana of taking bribe from the same businessman and launched an investigation against the special director.

The unprecedented rift within the country’s top investigating agency was exposed when Alok Verma’s team filed a case against Mr Asthana, who in turn wrote to the cabinet secretary and the vigilance chief listing allegations against the CBI chief.

As the opposition seized on the turmoil within the CBI, its top two were sent on compulsory leave on October 23.





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Delhi BJP To Write To Rajnath Singh For Probe Into Arvind Kejriwal’s Dubai Trip


Mr Kejriwal had gone “abroad” to attend a family function of his IIT batchmate, said an AAP spokesperson

New Delhi: 

Delhi BJP unit will write to the Home Ministry seeking an investigation into the recent visit of Delhi Chief Minister Arvind Kejriwal to Dubai, the party said in a statement today.

The BJP had earlier alleged that Mr Kejriwal travelled to Dubai with a “hidden agenda”.

The Aam Aadmi Party (AAP) had, however, dismissed the charge as “outlandish”.

Delhi BJP spokesperson Harish Khurana today said, “I will soon write a letter to Home Minister Rajnath Singh for an investigation into Kejriwal’s Dubai visit.”

Delhi BJP chief Manoj Tiwari questioned Mr Kejriwal’s silence on his Dubai trip.

“Why the chief minister, who tweets to make public information about his visit to cinema in Delhi, about his illness and treatment in Bangalore, is not answering the questions on this tour?” Mr Tiwari said in a statement.

AAP spokesperson Raghav Chadha had earlier said Mr Kejriwal had gone “abroad” to attend a family function of his IIT batchmate.





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Probe Into Amazon, Flipkart’s Alleged Violation Of Foreign Exchange Laws


The plea claims that Amazon and Flipkart have created multiple entities to circumvent the FDI norms.

New Delhi: 

E-commerce giants Amazon and Flipkart are being probed by the Enforcement Directorate (ED) for alleged violations of provisions of foreign exchange laws, the probing agency told Delhi High Court today.

The ED’s response to the court came on a PIL which has alleged that the e-commerce giants were violating foreign direct investment (FDI) norms.

The matter is scheduled to come up for hearing before a bench of Chief Justice Rajendra Menon and Justice VK Rao on November 19.

The court had earlier sought response of the Centre, Amazon and Flipkart to the plea which has sought a probe into the alleged FDI violations.

The ED, in its reply filed through central government standing counsel Amit Mahajan, said the “department has already registered and initiated investigation under the provisions of Foreign Exchange Management Act (FEMA) against the two companies to ascertain whether they have been contravening any provisions of FEMA or contravening any rule, regulations, notification, direction or order issued in exercise of the powers under FEMA….”

It also sought dismissal of the petition.

The petition by an NGO, Telecom Watchdog, has also asked for initiation of legal proceedings against the two e-commerce giants under the FEMA for alleged violation and circumvention of FDI norms.

The plea, filed through advocate Pranav Sachdeva, has claimed that Amazon and Flipkart have created multiple entities to circumvent the FDI norms and route the hot-selling stock at cheaper rates.

The petition has contended that according to Press Note 3 of 2016, which regulates FDI in e-commerce, entities like Amazon and Flipkart are not to exercise ownership over stock, nor directly or indirectly influence price of goods and services sold on their marketplace.

It has claimed that by creating name lending companies, Amazon and Flipkart buy branded goods in bulk at discounts from manufacturers and render small sellers uncompetitive by a wide margin, thus influencing the prices in violation of the FDI norms.

“As a consequence of this FDI norms violation, smaller sellers are unable to participate in the fast growing e-commerce sector,” the plea has contended and added that due to subsidized prices on such platforms, small sellers are unable to sell in the brick-n-mortar world too.

Apart from that the plea has also claimed that the two e-commerce giants have created several other group companies in the chain to divide discounts and losses.

“Exchange offers, EMI costs and bank offers are funded completely or substantially by Amazon and Flipkart and constitute a clear influence on price in violation of FDI norms,” it alleged.





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CVC Probe Finds No Proof That CBI Chief Took Bribes, Say Sources


Alok Verma was accused by his deputy Rakesh Asthana of taking bribes (File).

New Delhi: 

The Central Vigilance Commission has reportedly found no proof of the main allegation against exiled CBI director Alok Verma – that he took bribes, as alleged by his deputy Rakesh Asthana.

Sources say the vigilance body has found no evidence of any money transaction and Alok Verma has been cleared on this allegation.

The vigilance body found “administrative lapses” but no corruption, say sources.

The vigilance commission heard the CBI chief and also Rakesh Asthana, who had written to the government and the vigilance chief accusing his boss of taking bribe from a businessman under investigation.

Alok Verma has also accused Mr Asthana of taking bribe from the same businessman.

Both the officers, who are the CBI’s number 1 and number 2, were sent on compulsory leave last month.

Alok Verma, whose functions were even taken over by an interim chief, challenged his leave in the Supreme Court, which asked the vigilance body to wrap up its investigation within two weeks.

The inquiry report was handed over to the court in a sealed cover on Monday.

The Vigilance Commission had to apologise to the court for submitting it a day late.

The massive rift within the CBI came out in the open when Alok Verma and Rakesh Asthana accused each other of corruption.





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DUSU President Ankiv Baisoya, Delhi University Student Leader, Expelled By ABVP Till Probe In Fake Degree Row


DUSU President Ankiv Baisoya, an ABVP leader, was accused of faking his bachelor’s degree.

New Delhi: 

Ankiv Baisoya, the Delhi University Student Union president who was accused of falsifying his bachelor’s degree just days after elections to the influential body, has been asked to step down from his post by the Akhil Bhartiya Vidyarthi Parishad. The ABVP, a student organisation linked to the ruling BJP, has also expelled also expelled him till an inquiry into the allegations.

“We have asked DUSU (Delhi University Student Union) President Ankiv Baisoya to resign from his post and also expelled him from all the responsibilities of the organisation till the inquiry is over,” a statement from ABVP said.

The Delhi High Court on Monday gave the Delhi University more time, till November 20, to verify if Mr Baisoya’s bachelor’s degree from a university in Tamil Nadu was genuine.

The court on October 30 had granted the university time till Monday to authenticate the degree and inform it as the two-month period within which re-election could be held would expire on November 13.





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Turkey Calls For International Probe Into Jamal Khashoggi’s Murder


Turkish media has published gruesome details of Jamal Khashoggi’s murder. (Reuters)

Istanbul: 

Turkey on Wednesday called for an international investigation into the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul last month.

“At the current stage we believe an international investigation is a must,” Foreign Minister Mevlut Cavusoglu was quoted as saying by the state-run Anadolu news agency.

Khashoggi, 59, a Washington Post columnist and critic of Crown Prince Mohammed bin Salman, was last seen entering the kingdom’s consulate on October 2 to obtain paperwork for his marriage.

Turkish media has published gruesome details of the murder. According to a Turkish prosecutor he was strangled and dismembered soon after he stepping through the mission’s doors.

After repeated denials, Saudi Arabia finally admitted Khashoggi had been murdered at the compound but blamed it on a “rogue” operation.

Turkey had initially prioritised cooperation with Saudi Arabia, and Riyadh last month dispatched its chief prosecutor to Istanbul for talks with Turkish authorities and to examine the consulate — scene of the murder.

Turkish officials however cast doubt on whether Saudi Arabia was willing to genuinely cooperate in its investigation.

“In the beginning we said we formed a working group with Saudi Arabia and that we had no plans to take the (murder) into international court,” Cavusoglu said in parliament.

But he added that was not the case any more and the government now believed an international probe was essential.

“We will do whatever needed to shed light on all its aspects of this murder,” Cavusoglu said.

Ankara has already shared voice recordings linked to the murder with a number of countries including Saudi Arabia, the United States and its Western allies.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)





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“Consensual Affair,” Found Probe Against Flipkart’s Binny Bansal: Report


Binny Bansal’s resignation is an embarrassment for Walmart in India.

The co-founder and chief executive officer of e-commerce company Flipkart Group resigned after an investigation into allegations of sexual assault, dealing a blow to owner Walmart Inc.’s ambitions in the country.

Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. The accusation came in late July, according to a person with knowledge of the matter, who requested anonymity because the details aren’t public. The person said the accuser was a former Flipkart employee, while a second person familiar with the situation said the woman never worked there.

“While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation,” Walmart said in a statement.

Investigators concluded Bansal and the woman had a consensual affair, the people said.

Bansal didn’t immediately respond to an email seeking comment on the assault allegation. In an email sent out to employees shortly after Walmart announced his departure, Bansal said he would continue to hold his substantial stake in Flipkart and remain a member of its board.

Walmart completed its $16 billion purchase of a majority stake in Flipkart in August in a deal that lifted Bansal’s net worth to $1 billion.

The resignation is an embarrassment for Walmart in one of its most important international markets. Flipkart is in a fierce tussle with rival Amazon.com Inc. as millions of Indians embrace e-commerce, with both retailers pushing to attract consumers with massive discounts and exclusive products. Walmart has placed a huge bet on the unprofitable Flipkart unit, which the company has said will reduce earnings in coming years.

Walmart didn’t detail the nature of the allegations. “This has been an unfortunate and challenging situation for Binny, his family and Flipkart,” the e-commerce provider said in a separate internal note.

Kalyan Krishnamurthy, currently chief of the Flipkart division, a unit of Flipkart Group, will now report directly to the board, Walmart said. A succession plan is being accelerated, said the company, as Bansal had been contemplating a transition for some time.

Krishnamurthy joined Flipkart in 2013 as its interim chief financial officer and then took the lead in January 2017. He spent seven years in EBay Inc.’s Asia finance operations before joining Tiger Global as its finance director in 2011.

Walmart shares fell 1 per cent in New York. The company is scheduled to report quarterly results on Thursday.

‘Same Way’
Bansal co-founded Flipkart in 2007. As recently as October, he said in an interview that he was still in charge of Flipkart and would remain group CEO after the Walmart acquisition.

“Both sides are convinced that keeping Flipkart running independently makes the most sense,” he told Bloomberg. “It’s a board-managed company and decision making is still done the exact same way.”

During the interview, he discussed Flipkart’s strategy to snag the next 100 million customers including using native languages, giving buyers more access to credit and launching inexpensive products under Flipkart’s private labels.





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US Federal Aviation Administration Launches High-Priority Probe Into Boeing’s Safety Analyses: Report


The US aviation regulator will probe the safety analyses performed over the years by Boeing. (File)

The US aviation regulator has launched a high-priority probe of the safety analyses performed over the years by Boeing Co, following the crash of a Lion Air jet in Indonesia last month, the Wall Street Journal reported on Tuesday.

The Federal Aviation Administration said it was reviewing details surrounding the safety data and conclusions the company previously provided to it as part of certifying 737 MAX 8 and MAX 9 models, the WSJ reported.

The FAA said in a statement late Tuesday that the Wall Street Journal story was incorrect to suggest the agency is conducting a safety probe on the Boeing Max.

The FAA is not conducting a probe separate from the ongoing Lion Air accident investigation that the agency, the National Transportation Safety Board and Indonesian officials are a part of, the FAA said.

“As we have previously said, we have issued an (airworthiness directive) and will continue to take appropriate action based on what we learn from the investigation. This has not changed,” the FAA said.

The FAA and Boeing continue to evaluate the need for software and/or other design changes to the aircraft including operating procedures and training as we learn more from the ongoing investigation, the regulator said.

Boeing did not respond to requests for comment outside regular business hours.

A Lion Air Boeing 737 MAX 8 crashed on Oct. 29 minutes after taking off from Jakarta, killing all 189 people aboard.





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Flipkart CEO Binny Bansal resign As CEO post After Personal Misconduct Probe


खास बातें

  1. बिन्नी बंसल ने Flipkart के सीईओ पद से दिया इस्तीफा
  2. गंभीर व्यक्तिगत कदाचार के आरोपों के बाद दिया इस्तीफा
  3. फ्लिपकार्ट की नई पैतृक कंपनी वॉलमार्ट ने यह जानकारी दी

नई दिल्ली: वालमार्ट ने फ्लिपकार्ट में बड़ा बदलाव किया है. फ्लिपकार्ट समूह के मुख्य कार्यपालक अधिकारी (सीईओ) बिन्नी बंसल ने मंगलवार को गंभीर व्यक्तिगत कदाचार के आरोपों के चलते अपने पद से इस्तीफा दे दिया. फ्लिपकार्ट की नई पैतृक कंपनी वॉलमार्ट ने यह जानकारी दी. वॉलमार्ट ने बयान में कहा कि बंसल ने हालांकि कड़े शब्दों में इन आरोपों का खंडन किया है. उल्लेखनीय है कि बिन्नी बंसल और सचिन बंसल ने संयुक्त रूप से देश की सबसे बड़ी आनलाइन रिटेल कंपनी फ्लिपकार्ट की स्थापना की थी.

सचिन बंसल : कुछ यूं तय किया 6100 करोड़ रुपये के कारोबार का सफर

बयान में कहा गया है कि बिन्नी ने तत्काल प्रभाव से अपने पद से इस्तीफा दे दिया है. बयान में कहा गया है, ‘‘बिन्नी ने इस्तीफा देने का फैसला फ्लिपकार्ट और वॉलमार्ट की ओर से स्वतंत्र रूप से गंभीर व्यक्तिगत कदाचार के आरोपों की जांच के बाद दिया है. हालांकि उन्होंने इन आरोपों का खंडन किया है. हालांकि, यह हमारी जिम्मेदारी है कि यह जांच ठीक से और गहन तरीके से हो.” 

सीसीआई को फ्लिपकार्ट, अन्य ई-खुदरा कंपनियों के खिलाफ शिकायत मिली

टिप्पणियां


बयान के अनुसार, ‘‘हालांकि, जांच में ऐसा कोई प्रमाण नहीं मिला जो शिकायतकर्ता की बिन्नी के खिलाफ शिकायत से मेल खाता हो, लेकिन इसमें विशेषरूप से निर्णयों में पारदर्शिता को लेकर कई अन्य खामियां सामने आई हैं. ये खामियां बिन्नी द्वारा परिस्थिति के हिसाब से प्रतिक्रिया को लेकर हैं. 

इसी वजह से हमने बिन्नी के इस्तीफे को स्वीकार कर लिया है.”



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Flipkart Group CEO Binny Bansal Resigns After Misconduct Probe


Chief Executive Officer and co-founder of Walmart-owned Indian e-commerce firm Flipkart Group, Binny Bansal, has resigned effective immediately, Walmart Inc said in a regulatory filing on Tuesday.

“His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct,” Walmart said in a statement, adding that Bansal has strongly denied the allegations.

Walmart bought a roughly 77 percent stake in the Indian e-commerce firm in May. You can read the Walmart statement in its entirety below:

Earlier today, Binny Bansal announced his resignation as CEO of Flipkart Group, effective immediately. Binny has been an important part of Flipkart since co-founding the company, but recent events risked becoming a distraction and Binny has made a decision to step down.

His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct. He strongly denies the allegation. Nevertheless, we had a responsibility to ensure the investigation was deliberate and thorough. While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgement, particularly a lack of transparency, related to how Binny responded to the situation. Because of this, we have accepted his decision to resign.

Binny has been contemplating a transition for some time and we have been working together on a succession plan, which has now been accelerated. Going forward, Kalyan Krishnamurthy will continue to be CEO of Flipkart, which will now include Myntra and Jabong, continuing to operate as separate platforms within the Flipkart business. Ananth Narayanan will continue providing great leadership as CEO of Myntra and Jabong, and will report into Kalyan. Sameer Nigam will continue leading PhonePe as CEO. Both Kalyan and Sameer will report directly into the board.

As we look ahead, we have full confidence in the strength and depth of leadership across the company. We remain committed to investing for the long-term and are supportive of the leadership team’s desire to evolve into a publicly-traded company in the future.

© Thomson Reuters 2018



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