National News
SC issues contempt notice to SEBI on RIL plea on non-compliance of court order
The Supreme Court has issued a contempt notice to the Securities and Exchange Board of India (SEBI) on Reliance Industries (RIL) plea alleging non-compliance of the court’s August 5 order, which directed the market regulator to provide access to certain documents to the company.
A bench comprising Justices M.R. Shah and M.M. Sundresh said: “Issue notice to the respondent, making it returnable on December 2, 2022. Abhishek Singh, counsel accepts service of notice on behalf of the respondent.”
Senior advocate Harish N. Salve, appearing on behalf of RIL, vehemently submitted that despite the August 5 order passed by the apex court by which the respondent (SEBI) was directed to furnish a copy of the documents, the same has not been furnished till date.
Senior advocate and former Attorney General of India K.K. Venugopal, representing SEBI, submitted that the review petition preferred by the respondent is pending before this court and, therefore, no further order be passed in the present proceedings.
The bench, in its order, noted: “We have gone through the subsequent order passed by this court dated October 12, 2022 in review petition. The pendency of an appeal and/or writ petition along with stay cannot be equated with pendency of the review petition.
I”There is a final decision by this court in an appeal. Merely because the stay application is pending in review petition cannot be a ground to grant stay by the respondent on its own and not to comply with the directions issued by this court.”
The bench said it is required to be noted that the State of J&K Vs. Mohd. Yaqoob Khan and others was a case where against the ex-parte order passed by the single judge, pending writ petition, the contempt proceedings were initiated.
“Therefore, this court observed that when the stay application is yet to be heard and decided and disposed of, the contempt proceedings cannot be initiated. Under the circumstances, the said decision(s) cannot be of any assistance to the respondent,” said the apex court.
The bench has scheduled the matter for further hearing on December 2.
The company had sought three documents from SEBI that it had claimed would exonerate it and its promoters from criminal prosecution initiated in a case related to the alleged irregularities in acquisition of its own shares between 1994 and 2000.
On August 5, a bench led by then Chief Justice N.V. Ramana, had said: “The approach of SEBI, in failing to disclose the documents, also raises concerns of transparency and fair trial. Opaqueness only propagates prejudice and partiality. Opaqueness is antithetical to transparency.”
The top court had said the market regulator should show fairness and furnish documents sought by RIL, and SEBI has a duty to act fairly, while conducting proceedings or initiating any action against the parties.
RIL filed a contempt petition as SEBI has not shared three documents — the two legal opinions by former Supreme Court judge B.N. Srikrishna and former ICAI President Y.H. Malegam’s report which examined the irregularities.
The company claimed that SEBI cannot continue to resist the production of these documents and it had also sent a notice to the market regulator saying if documents were not received by August 18, then it will establish that SEBI does not want to comply with the apex court’s judgment.
In 2002, Chartered Accountant S. Gurumurthy filed a complaint with SEBI alleging irregularities by RIL, its associate companies and their directors/promoters, including Mukesh Ambani and his wife, Nita; Anil Ambani and his wife, Tina; and 98 others.
The complaint cited the issue of two preferential placement of non-convertible debentures in 1994.
SEBI had alleged that RIL along with Reliance Petroleum had circuitously funded the acquisition of its own shares in violation of the Sections 77 and 77A of the Companies Act, 1956.
Crime
Dawood Ibrahim Got Call From Mumbai Cop Seeking Money For Daughter’s Wedding; Ex-DGP Sivanandhan Breaks Silence

Mumbai: In an intense conversation with Former Mumbai Police Commissioner and ex-DGP of Maharashtra D. Sivanandhan, Media Journalist Balakrishnan spoke about the nexus between some policemen and the underworld.
In a startling revelation, the Media journalist revealed that during his visit to Dubai some years back, he went to Dawood Ibrahim’s patatial house called the ‘White house’, where the underworld don had received a phone call from Assistant Mumbai Commissioner allegedly seeking money for the gangster’s daughter’s wedding.
In an exclusive conversation, Media Balakrishnan said, “While I was talking to him, his PA came and told him that there is a call for you.”
The journalist said that Dawood winked and told him to keep quiet. While listening to their conversation on speaker, Media journalist heard, “Sir apka beti ka shadi toh apka yaad aya meko.”
Dawood responded by asking, “Kitna Chahye?”
On this, the Assistant Police Commissioner replied saying, “Jo apko lage, Apka beti ka shaadi hai.” Dawood then reportedly sent him Rs 10 lakh.
Speaking on the issue, Sivanandhan explained that not every officer in Maharashtra’s 2.5 lakh with 50000 in Mumbai is corrupt, but since they are recruited from society, some do fall into its darker influences.”We recruit them from the society, and the society comes along with all black, yellow, green colours.”
The conversation came in context about the nexus between some policemen and the underworld.
When ex-DGP of Maharashtra D. Sivanandhan was asked about the nexus between some policemen and the underworld, so much so that people used to talk about gang war within the police. On this, the ex-top cop defended, saying, “Tell me, from where do the policemen come? They come from the same society where the criminals are also coming.”
Further explaining, he also revealed, “In many of the cases where some shootout took place and when we went to raid the criminal’s house, we use to see a police uniform hanging. When we ask, the policeman’s sister was married to the gangster.”
“It’s a society where they live very, very closely,” the top cop confirmed. In another revelation, without sharing the identity, he also added, “There are also policemen working in gangs now.”
He added that, “So when policemen are accused of participating on behalf of some gang or other, I would wouldn’t deny that. I would agree. He added that the irresistable amount of money given to the gangster is unbelievable. Policemen are succumbing to that.”
The cop further raised questions on the government and said, “What was the guarantee or what was the support given by the government for policemen to insulate themselves from such kind of irresistable offers.” “When the policemen is prosecuted, not even a lawyer is given to them,” the ex-DGP said.
Crime
Mumbai Airport Customs Seize Drugs Worth ₹12.5 Crore, iPhones, Laptops And Liquor In Separate Cases; 6 Arrested

Mumbai: In four separate operations, the Airport Customs officials during the period of October till October 28, have seized drugs collectively worth Rs 12.50 crores and iPhones, laptops, liquor bottles and cigarettes totally worth Rs 56 lakh.
According to the agency sources, on the basis of specific intelligence, the Customs officers at Chhatrapati Shivaji Maharaj International Airport (CSMIA), intercepted three passengers arriving from Bangkok to Mumbai.
During the examination of the baggage, the Customs officers recovered 6.48 kg of suspected hydroponic weed (marijuana), with an illicit market value of approximately Rs 6.48 crores.
In another case, on the basis of specific information, the Customs officers intercepted two passengers arriving from Bangkok. During the examination of the baggage, the Customs officers recovered 3.98 kg of marijuana valued at Rs 3.98 crores.
In the third such case, on the basis of specific intelligence, the Customs officers intercepted one passenger arriving from Bangkok. During the examination of the baggage, the Customs officers recovered 1.94 kg marijuana, with an illicit market value of approximately Rs 1.94 crores.
In all the three cases, the narcotic substances were concealed inside the checked-in trolley bag carried by the six passengers, who were arrested under the provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act.
In the fourth case, on the basis of profiling, the Customs officers at the airport intercepted three passengers arriving from Sharjah to Mumbai. During the examination of the baggage, the Customs officers recovered Apple Iphones 17 pro max (40 pieces), laptops (30 pieces), liquor bottles (12) and cigarettes collectively valued at Rs 56.55 lakh.
The said goods were concealed inside the checked-in trolley bag carried by the passengers, who were arrested under the provisions of Customs Act, 1962.
National News
National Herald case: Delhi court defers proceedings till Nov 7

New Delhi, Oct 30: A Special Delhi Court, hearing the money laundering case linked to the National Herald, has deferred the proceedings till November 7, seeking clarifications from the Enforcement Directorate (ED) on certain aspects of its chargesheet filed against Congress leaders Sonia Gandhi and Rahul Gandhi, among others.
Special Judge (PC Act) Vishal Gogne, presiding over the matter at Rouse Avenue Court, said the clarifications were necessary before the court could proceed to take cognisance of the prosecution complaint filed by the ED under the Prevention of Money Laundering Act (PMLA).
The case, which stems from the ED’s allegations that top Congress leaders conspired to acquire control over the assets of Associated Journals Limited (AJL) — the publisher of the National Herald newspaper — remains at the pre-cognisance stage.
In the previous hearing, the court had also directed the central agency to provide additional details regarding certain aspects of its investigation before any decision on taking cognisance could be made.
The ED, in its prosecution complaint, has accused Sonia Gandhi, Rahul Gandhi, and other senior Congress leaders of being involved in a conspiracy to usurp properties worth over Rs 2,000 crore belonging to AJL through Young Indian Pvt Ltd, a company in which the Gandhis hold a majority stake.
The Rouse Avenue Court had reserved its order on July 14 after hearing detailed arguments from the federal anti-money laundering agency as well as the proposed accused, including the Gandhis.
Senior advocate Abhishek Singhvi, representing Sonia Gandhi, had described the money laundering allegations as “really strange” and “unprecedented”, claiming that no tangible assets were involved.
Further, Rahul Gandhi claimed that the All India Congress Committee’s attempts to revive the pre-Independence era newspaper were “misconstrued” as a bid to sell its assets.
Highlighting the non-profit objectives of the company, senior advocate R.S. Cheema, representing Rahul Gandhi, said National Herald was never a commercial institution and the AICC just wanted to bring the newspaper back on the rails.
The controversy surrounding the National Herald’s assets first surfaced in 2012 when BJP leader Subramanian Swamy filed a complaint in a trial court, accusing Congress leaders of cheating and breach of trust in the acquisition of AJL.
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