HC transfers all AircelMaxis scam cases to Special judge Ajay Kuhar

first_imgNew Delhi: The Delhi High Court has transferred all cases pertaining to Aircel-Maxis scam, involving P Chidambaram and his son, from Special Judge OP Saini to Special Judge Ajay Kumar Kuhar, who is trying INX-Media cases against the father-son duo.All pending matters related to this case will be handled over to Special Judge Kuhar from October 1, since judge Saini is getting retired at the end of September. “Chief Justice and Judges of this Court (high court) have been pleased to order that cases pertaining to 2G Spectrum scam pending in the Court of O P Saini, District and Sessions Judge-cum-Special Judge (PC Act)(CBl), Rouse Avenue Courts Complex, New Delhi be transferred and allocated to the Court of Special Judge (PC Act) (CBI)-09, Rouse Avenue Courts Complex, New Delhi presently presided over by A K Kuhar with effect from October, 1, 2019 which shall be the designated Court to undertake the trial of the said 2G Spectrum Cases in addition to matters already pending before Also Read – Uddhav bats for ‘Sena CM’the Court of A K Kuhar,” the order issued by the high court said. Judge Kuhar is currently presiding over the special court to try lawmakers in the national capital including Congress leader D K Shivkumar, RJD supremo Lalu Prasad and his family members, former Himachal Pradesh Chief Minister Virbhadra Singh and his family members, among others. The Supreme Court had appointed Judge Saini to try all cases pertaining to the alleged 2G spectrum allocation scam on a day-to-day basis. In 2G spectrum case all the accused were acquitted by the special court in December 2017. Prior to that, the court had also discharged former Union Minister Dayanidhi Maran and his brother Kalanithi in Aircel maxis case. He had recently granted anticipatory bail to P Chidambaram and Karti Chidambaram in Aircel maxis case.last_img read more

FOX debuts new police drama APB

first_imgNatalie Martinez: “He comes up with this app that’s kind of like an Uber that allows to locate the nearest cop, tours you and allows you to actually participate in crime-solving.”The person piloting the mission is Detective Theresa Murphy — better known right here in Miami as hometown girl Natalie Martinez.Natalie Martinez (as Amelia Murphy): “Technology, it doesn’t solve cases. Cops do.”Natalie says the new sheriff is leaving his mark on the precinct.Natalie Martinez: “We’re coming from a precinct that can barely afford uniforms, and people to do things in a cop year, to making this just tech-savvy wonderland of technology.”And you can take the girl out of Miami to fight crime in the Windy City, but you can’t take Miami out of the girl.Natalie Martinez: “I’m a Miami girl at heart, always, so I get back very often. My whole family’s there.” A new crime time show debuts on FOX, Monday night. Yes, it’s crime time in prime time, and South Florida’s Natalie Martinez is at the center of the action. The show is set in Chicago, but Natalie tells Deco she’s missing Miami’s warmth.In FOX’s new police drama “APB,” crime-fighting is getting a high tech makeover for one Chicago Police Department.That’s because there’s a new sheriff in town: Gideon Reeves, played by Justin Kirk.Justin Kirk (as Gideon Reeves): “Give me the 13th District to run. You turn me down and you can explain to the taxpayers why you turned down almost $100 million in free money.”But he’s not your typical sheriff. Gideon is a billionaire engineer who takes over the force as he tries to hunt down his friend’s killer.Justin Kirk: “It’s an exploration of whether this would be a good idea or not.”And introduces a scientific way of fighting crime. Looks like her love for the 305 has rubbed off on her police drama partner in crime.Justin Kirk: “If we do another season, let’s do it in Miami.”Natalie Martinez: “I would be so happy.”Catch Natalie and the APB crew Mondays at 9 p.m., right after all-new episodes of “24: Legacy,” both right here on 7.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

OVL seeks financial autonomy to invest 1 bn

first_imgONGC Videsh Ltd has sought greater financial autonomy to decide on investments of up to $1 billion (about Rs 6,400 crore) without government nod to speed up acquisition of overseas oil and gas fields.Board of OVL, the overseas arm of state explorer Oil and Natural Gas Corp, currently has powers to decide on investment of up to Rs 300 crore. An amount higher than that has to first go to an Empowered Committee of Secretaries (ECS) and then to the Cabinet Committee on Economic Affairs (CCEA). Also Read – I-T issues 17-point checklist to trace unaccounted DeMO cash“We are seeking at least Navratna PSU status for OVL… $1 billion investment powers should be granted to us,” the company’s Managing Director Narendra K Verma told reporters here. Navratna status gives boards of public sector units financial powers to decide on investment projects of up to Rs 3,000 crore. “We are are seeking more than Navranta powers,” he said. “We are seeking powers to decide on investments of up to $1 billion.” Greater financial powers will help the company make quicker decisions on acquiring oil and gas assets abroad. Verma said the Rs 300 crore financial power for OVL was set in 2000 when the rupee-US dollar exchange rate was completely different. “Right now Rs 300 crore is nothing,” he said. Also Read – Lanka launches ambitious tourism programme to woo Indian touristsOVL has 35 projects in 16 countries from Brazil to New Zealand and is looking at certain acquisitions in oil and gas rich regions.Navranta PSU status is granted to a state firm if it has made consistent profits above a certain level. One of the conditions for grant of Navranta status is that the company should be listed on stock exchanges. “Listing is a requirement but there exemptions can also be granted,” he said. OVL is currently 100 per cent owned by the ONGC. Recently the parent firm turned down a request from the Department of Disinvestment (DoD) to get the company listed saying low oil prices do not offer favourable valuations.  “I don’t think this is the ideal time to list an oil exploration company. Low oil prices are not ideal time for listing,” Verma said. “Our portfolio predominately consists of exploration assets and a few producing properties. Markets typically do not fully value exploration assets and all our exploration assets will not get true valuations,” he added.He said the company does not need funds and has been raising loans from parent ONGC as well as the market to meet cost of acquisitions and development of assets.The company has Rs 6,614 crore loan from ONGC and another Rs 29,000 crore from the market. The Rs 5,000 crore ONGC loan is being converted into equity, he said.Listing will lead to certain other stipulations including change of ownership. “Currently we are seamlessly integrated with ONGC and all our requirements of funds, technology and manpower are fully met from ONGC. Listing will change that,” he said.Also, it is challenging to value assets during times of low oil prices. “I do not want to comment on the issue (of government seeking listing of OVL) but I can explain to you the rationale for a listing. A company is listed to leverage additional financial resources. We are leveraging debt financing,” he said.Converting Rs 5,000 crore ONGC loan into equity will raise the equity capital of OVL to Rs 15,000 crore, Verma said. This will improve its debt-to-equity ratio and help it independently raise funds on the strength of its own balance sheet instead of relying on ONGC’s financial status. ONGC had in 2013 done a similar loan-to-equity conversion for OVL.last_img read more