&w=3840&q=100)
CBI charges former J&K governor Satyapal Malik in Kiru hydropower case
The chargesheet, submitted after a three-year-long investigation, was presented before a special court and names Malik along with the other accused.
On Thursday, Malik posted on 'X' that he had been admitted to hospital and was not in a position to speak.
"I'm getting calls from many well-wishers which I can't answer right now," he wrote.
Others named in the case include Navin Kumar Choudhary, who was then chairman of the Chenab Valley Power Projects Private Limited (CVPPPL), along with officials M S Babu, M K Mittal, Arun Kumar Mishra, and Patel Engineering Ltd, the construction firm that won the contract.
Last year in February, CBI had searched Malik's premises as part of its ongoing investigation into the case.
The FIR, which was originally filed in 2022, alleges that serious irregularities took place in awarding the civil works contract of the Kiru Hydro Electric Power (HEP) Project to a private firm in 2019.
According to the FIR, CVPPPL's 47th board meeting had decided to cancel the ongoing tender and re-initiate the process through e-tendering and reverse auction. However, the 48th meeting reportedly reversed the decision, ultimately awarding the contract to Patel Engineering, a move that is the focus of the investigation.
Satyapal Malik, who served as governor of J&K from August 2018 to October 2019, had earlier claimed that he was offered a bribe of Rs 300 crore to approve two files, one of which was related to this project.
After the CBI searched his home premises last year in February, Malik dismissed the allegations saying that the probe should have focused on the people he had flagged for corruption.
"They won't find anything at my place except 4–5 kurtas and pyjamas. The dictator is trying to frighten me by misusing government agencies. I am a farmer's son, I won't be scared or bow down," he had posted online at the time.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
18 minutes ago
- Business Standard
India among fastest growing economies: JSW chairman Sajjan Jindal
JSW Group chairman Sajjan Jindal on Thursday countered US President Donald Trump's recent remarks on India, saying India is one of the largest and fastest growing economies in the world. Speaking at the listing ceremony of JSW Cement at the NSE here, Jindal said India is the fastest growing large economy and has a great future ahead, days after US President Donald Trump's remark of India being a dead economy. "We are going to see a great future for India, because India is growing, it's one of the largest, fastest growing large economies in the world. Whatever Trump may say, that doesn't matter. We are the fastest growing large economy in the world," Jindal said. Amid the trade policy negotiations, Trump had called India as a "dead economy" while expressing disappointment with New Delhi's posturing to continue buying cheap oil from Russia. "I don't care what India does with Russia. They can take their dead economies down together," Trump had reportedly said. Stating that JSW Cement will grow fast as accelerated growth is in the DNA of the Group, he said, "we can't be conservative, we have to be aggressive and that's what India requires. India needs aggressive companies, India needs growth." Meanwhile, shares of JSW Cement Ltd listed with a premium of over 4 per cent against the issue price of Rs 147 on Thursday. The company's stock opened at Rs 153, up 4 per cent from the issue price on the BSE. Later, it jumped 5.23 per cent to Rs 154.70. At the NSE, it listed at Rs 153.50, a premium of 4.42 per cent. The company's market valuation stood at Rs 20,914.02 crore. The capital markets are not just about raising funds, it's about winning the trust of the investors, Jindal said and added that "in the long run, you don't need to take a big jump, but small steps and the investors are always with you." JSW Cement Managing Director Parth Jindal said that he was aiming to take the company to the top two in the industry. "... I have to dream to be in the top two and we all will dream to be in the top two and to build this company," he said. "We have just begun and I hope that we can create value for all our minority shareholders and take this company to its rightful place and be a big part of the future growth story of the JSW group," he said. He said that at present a lot of JSW group companies have the vision to go public, adding that," Now, I'm fully trained, fully ready and geared up to take all of you public as well.
India.com
18 minutes ago
- India.com
Role Of UP In Developed India Will Be Decisive: CM Yogi Concludes Vision Document Debate In Assembly
Concluding a marathon 24-hour debate on Vision Document 2047 in the Uttar Pradesh Assembly, Chief Minister Yogi Adityanath on Thursday said that India can achieve the goal of becoming a developed nation only when every state plays its part -- with Uttar Pradesh at the forefront. Thanking the 187 MLAs from both the ruling party and opposition who participated in the debate, the Chief Minister said the spirited and substantive discussion reflected the strength of democracy. 'Uttar Pradesh is not just the most populous state, but the flag-bearer of India's spiritual and cultural heritage -- the centre of its cultural and spiritual energy,' he said. Recalling Prime Minister Narendra Modi's remarks at the 2023 Global Investors Summit in Lucknow, CM Yogi said UP is a 'bright spot for the world' and will be a driving force of India's growth. He noted that while many members wished to contribute, the debate had to be moved forward within the constraints of time and resources. 'A comprehensive strategy will be prepared, discussed with stakeholders, and sector-wise issues will be brought back to the House,' he added. Calling the discussion an 'eye-opener' for critics of legislative functioning, Yogi praised members who stayed up all night to participate. 'We are fortunate to be in the Amrit Kaal of independence. This is the time to introspect -- what we have gained and lost.' Dividing the debate into two phases -- 1947-2017 and 2017-2047 -- Yogi said UP's economic history offered lessons. Despite fertile land, historic cities, rivers, and a large workforce, the state's contribution to the national GDP fell from 14 per cent in the 1960s to just 8 per cent by 2016-17. Per capita income, once equal to the national average, dropped to one-third, and exports stood at just Rs 84,000 crore with 56 per cent dependence on the Centre for tax revenue. Taking aim at the Samajwadi Party's PDA slogan, Yogi said, 'They talk about PDA, but it really stands for Parivar Development Authority. The whole world is moving forward, but they are stuck in family politics.' He added that successive 'economic lockdowns' under previous regimes had crippled UP's growth. 'UP is home to 16 per cent of India's population, yet GDP was pushed into the abyss. Since 2017, the double-engine government has restored confidence with zero tolerance for crime, a safe environment for industries, and rapid infrastructure expansion through expressways, airports, and metro connectivity,' the Chief Minister said. 'UP is the engine of India's growth,' Yogi concluded, 'and in this Amrit Kaal, its role will be decisive.'
&w=3840&q=100)
First Post
18 minutes ago
- First Post
Did Shilpa Shetty and Raj Kundra dupe a businessman for Rs 60 crore? Couple's lawyer says 'This is an old transaction and…'
The complainant has alleged he invested his money in the couple's now defunct company Best Deal TV Pvt Ltd between 2015 and 2023 but his money was never used for business purposes. Celebrity couple Shilpa Shetty and Raj Kundra are in trouble once again and this time, there are reports they duped a businessman for Rs 60 crore. The case has now been handed over to the Economic Offences Wing (EOW) for further investigation as the amount involved exceeded Rs 10 crore. The name of the complainant is Deepak Kothari. Kothari has alleged he invested his money in the couple's now defunct company Best Deal TV Pvt Ltd between 2015 and 2023 but his money was never used for business purposes. STORY CONTINUES BELOW THIS AD Couple's lawyer breaks silence My clients have been informed by certain segment of electronic and print media that there is an alleged case registered against my clients at the Economic offence wing , Mumbai . At the outset , my clients deny all the allegations against my clients which are purely civil in nature and have been adjudicated by the NCLT Mumbai on 04/10/2024 This is an old transaction , wherein the company went in to financial distress and eventually got entangled in a long legal battle at the NCLT There is no criminality involved and our auditors have submitted all the necessary supporting documents from time to time, as requested by the EOW, including detailed cash flow statements. The investment agreement in question is purely in the nature of an equity investment. The company has already received a liquidation order, which has also been placed before the police department . The concerned Charter accounts have visited the police station for last one year for more than 15 times with all the evidence supporting the claims of my clients . STORY CONTINUES BELOW THIS AD This is nothing but a baseless and malicious case aimed at maligning our clients, and appropriate action is being initiated from our side against the perpetrators. Advocate Prashant Patil
