GIST

Newspaper GIST

Summary

Page no. 1

Did Sashikala go out of Bengaluru prison?

CCTV footage shows her entering jail in civilian clothes, former DIG (Prisons) Roopa hands over evidence to ACB.
Page no. 1

Railway Board member sent on leave

4 local officials suspended; lapses in work led to Khatauli accident
Page no. 5

Ghantasala to get 70 feet Buddha statue

The Rs. 1.5 crore project will help develop A.P. village as tourist destination
Page no. 7

Goa’s Ganapati festival: ecological concerns linger

The State led the way when it come to banning plaster of Paris idols, but how successful has it been?
Page no. 7

Foreign court can’t rule on Indians’ divorce plea: HC

A foreign court does not have the jurisdiction to decide matrimonial matters of a couple who have Indian domicile and are governed under the Hindu marriage act even if the parties were at the time residing in a foreign nation, the Bombay High Court has observed.
Page no. 7

SC bats for personal liberty

Personal liberty cannot be compromised at the altar of what the state may perceive as justice, the Supreme court has said while granting bail to former Assam Public Service Commission (APSC) chairman Rakesh Kumar Paul in the case of alleged corruption.

Editorial

Page no. 8

Editorial- Missing investor

Missing investor: The Sahara case calls for a thorough probe to reveal all its money laundering dimensions.The Supreme Court ordered Subrata Roy, the head of the Sahara Group, to refund money that it borrowed from investors without sufficient regulatory clearance five year ago and authorised the Securities and Exchange Board of India to (SEBI) administer the actual transfer of money from the Sahara Group to investors. The total amount, including interest on the initial principal, which needs to be refunded to investors, has bulged to about Rs. 40,000 crore now. Of this, SEBI has received an aggregate amount, including interest earned on deposits, of about Rs. 14,487 crore from the Sahara Group. But according to SEBI’s latest annual report, as on March 31, 2017 only about Rs. 85.02 crore, including interest of about Rs.38.05 crore, of this amount has actually been returned to investors. Very few investors have come forward to reclaim their money even after the repeated request from 2013 by SEBI to the genuine investors in Sahara to step forward and claim their money. The huge amount of unclaimed money raised questions about the authenticity of Sahara’s investor base and it turned to be a possible money laundering case. Since 2014, the Enforcement Directorate start to investigate against the Sahara Group under the Prevention of Money Laundering Act, but has very little progress. On the ground of this unclaimed money, Sahara group said that they had already returned 95% of the capital that it borrowed from investors but unable to provide evidence of the source of funds used to make the claimed return payments to the Supreme Court. Hence, the government must start a rapid investigation in this matter that could be a massive money laundering exercise.
Page no. 8

Mobi Addiction

The uproar over ‘Blue Whale’ highlights our uneasy adjustment to ahyper connected world

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