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‘Legal or illegal’, SC asks Centre to make its stand clear on Bitcoins

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The Supreme Court on Friday asked the Centre to make its stand clear on Bitcoins. Currently, there is no regulation or any ban on the use of cryptocurrencies in the country.

A bench comprising Justices D.Y. Chandrachud and Surya Kant told the additional solicitor general (ASG) Aishwarya Bhati, “You have to make your stand clear.”

The bench was hearing a plea by Ajay Bhardwaj against the Union of India. Bhati submitted before the bench that this case involves 87,000 Bitcoins and the accused is not cooperating with the investigation, and multiple summons have been issued so far.

The bench queried, “Is it illegal or not…” Bhati replied: “We will do that my lord.”

Advocate Shoeb Alam, appearing for an FIR informant, sought cancellation of bail granted to Bhardwaj.

The bench pointed out that a status report had been filed by the Enforcement Directorate in July last year. Bhati added that the accused has not cooperated in the probe. The bench directed the accused to meet with the investigating officer (IO) and cooperate in the investigation.

The bench said the IO will file a status report showing the cooperation of the accused and scheduled the matter for further hearing after four weeks. The bench added that the interim order restraining arrest of the accused will continue till the next date of hearing.

The Reserve Bank of India’s order banning banks from supporting crypto transactions, was reversed in March 2020, by the Supreme Court.

Crime

New India Cooperative Bank: Bollywood Actress Preity Zinta Received ₹1.5 Crore Loan Remission, Reveals EOW Probe

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Mumbai: Bollywood actress Preity Zinta received a loan remission by New India Cooperative Bank. The Economic Offences Wing (EOW) is looking into Hiren Bhanu, the former chairman of the bank, for allegedly approving loans in return for bribes, as per reports.

The investigation has revealed that the actress benefitted from a remission on her loan. The police said that on January 7, 2011, a loan of Rs. 18 crore was sanctioned to actress Preity Zinta. The loan was declared a Non-Performing Asset (NPA) on March 31, 2013. The amount was later settled at Rs. 10.74 crore, and a remission of Rs. 1.55 crore was granted to her. The amount was paid on April 5, 2014, according to a report by Media quoting an EOW officer.

In February, the Kerala Congress unit alleged that the bank had waived off a Rs 18 crore loan in exchange for Preity Zinta’s support for the BJP. In response, Zinta clarified that she had an overdraft facility with the bank over 12 years ago, which was fully repaid more than a decade ago. She stated that her account had been closed since then, refuting any claims that she benefited from the bank’s financial issues.

While replying to the post of the Congress Kerala, Actress stated “No I operate my social media accounts my self and shame on you for promoting FAKE NEWS ! No one wrote off anything or any loan for me. I’m shocked that a political party or their representative is promoting fake news & indulging in vile gossip & click baits using my name & images. For the record a loan was taken and FULLY PAID BACK – over 10 years ago. Hope this clarifies and helps so there are no misunderstandings in the future.”

The Economic Offences Wing (EOW) officer mentioned that they are reviewing the documents from the bank as part of their investigation.

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Crime

Kunal Kamra petitions Madras HC for transit anticipatory bail in controversial remarks case

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New Delhi, March 28: Stand-up comedian Kunal Kamra, who is facing multiple criminal cases over the “traitor” jibe towards Maharashtra Deputy Chief Minister Eknath Shinde, on Friday petitioned the Madras High Court seeking transit anticipatory bail.

Kamra’s plea was mentioned for urgent hearing before a bench of Justice Sunder Mohan, who assured to examine the matter later in the day.

Mumbai’s MIDC police station on Monday registered a Zero FIR against Kamra for cracking an allegedly objectionable joke during a stand-up comedy show.

The Khar Police booked Yuva Sena general secretary Rahool Kanal under various sections of the Bharatiya Nyaya Sanhita and the Maharashtra Police Act.

They also detained 20 Sena activists. Deputy Commissioner of Police, Zone 9, Dixit Gedam said two offences have been registered at Khar police station.

One is against Kamra for derogatory comments, while the other is against people who vandalised the Unicontinental hotel where the shoot of Kamra’s comedy show took place.

He further added that the investigation is underway. Shiv Sena has condemned the “distasteful and defamatory” remarks made by Kamra during his recent performance at the Habitat Comedy Club in Mumbai, where he performed a parody song targeting Deputy Chief Minister Eknath Shinde.

Police have already booked Kamra under section 356(2) (defamation) of the BNS.

The Mumbai Police had served two summons to Kamra, who has not yet appeared to give his statement.

Meanwhile, the Maharashtra Legislative Council on Thursday accepted a privilege notice against Kamra and forwarded it to the Privileges Committee.

“I have accepted the notice of breach of privilege against Kunal Kamra and Shiv Sena (UBT) leader Sushma Andhare and have sent it to Privilege Committee chairman Prasad Lad. The future course of action regarding the motion will be decided by the committee,” said Upper House Chairman Ram Shinde.

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Crime

Delhi Police file FIR against Arvind Kejriwal in Public Property Act violation case

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New Delhi, March 28: The Delhi Police has registered an FIR against Aam Aadmi Party (AAP) national convenor and former Chief Minister Arvind Kejriwal, along with other party leaders, for alleged violations of the Public Property Act.

The case is currently being heard in Rouse Avenue Court, with the next hearing scheduled for April 18.

The FIR was lodged following a directive from a Delhi court, which ordered the police to take action against Kejriwal and other leaders in response to a complaint filed by Shiv Kumar Saxena.

Saxena provided evidence in court alleging that large posters and banners of AAP were illegally put up in the Dwarka area.

Additional Chief Judicial Magistrate Neha Mittal, on March 11, issued the directive to file an FIR against Kejriwal and others regarding the defacement of public property following a complaint lodged by Saxena, who submitted visual proof of unauthorised banners displaying Kejriwal and other AAP leaders across the city.

Taking serious note of the issue, the court stated that such unauthorised hoardings not only diminish the city’s aesthetics but also pose a traffic hazard.

The case has been registered under Section 3 of the Delhi Prevention of Defacement of Property Act, 2007. The court emphasised that fatalities due to falling illegal hoardings have been reported in the past, making strict action necessary.

In addition to Kejriwal, the court also ordered the registration of an FIR against former MLA Gulab Singh and former councillor Nitika Sharma. The Delhi Police filed a compliance report in the Rouse Avenue Court, confirming the FIR’s registration.

The matter dates back to 2019, when large hoardings were allegedly erected in Dwarka, leading to accusations of misuse of public funds. A complaint was filed at the time, and now, with the court’s order, the police have initiated action.

The development has triggered a stir in political circles. While AAP has yet to issue an official statement on the matter, opposition parties have started targeting the party over the allegations.

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