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Hindustan Times
3 days ago
- Hindustan Times
CBI court refuses bail to gangster Chhota Rajan in 2005 arms seizure case
MUMBAI: A special court designated under the Central Bureau of Investigation (CBI) on Wednesday rejected the bail plea of gangster Rajendra Sadashiv Nikalje, alias Chhota Rajan, in connection with a 2005 case involving a major arms seizure at the Jawaharlal Nehru Port Trust (JNPT). The court, in its order dated May 28, noted that the trial was nearing completion and the case was of a serious nature. 'All important witnesses have been examined, and the trial is likely to conclude within a few months,' said special judge A M Patil while denying the bail plea. The case dates back to May 21, 2005, when Mumbai police recovered a cache of firearms and ammunition concealed in drums filled with grease at a logistics facility near JNPT. The raid was triggered by the arrest of one Mukund Patel, who was found in possession of a loaded revolver at a bar near Kandivali West railway station. During interrogation, Patel allegedly disclosed that Rajan's aide, Bharat Nepali, had facilitated the smuggling of weapons into the city. Acting on this information, the Mumbai Crime Branch conducted a search at Trans India Logistic Park, recovering nine packets containing 34 revolvers, three pistols, one silencer, and 1,283 live cartridges. Following the seizure, police invoked the stringent Maharashtra Control of Organised Crime Act (MCOCA), citing the involvement of an organised crime syndicate. The CBI took over the investigation in 2015, after Rajan was extradited to India. In his bail application, Rajan contended that there was no direct evidence linking him to the arms haul and claimed he had been falsely implicated. His counsel argued that he has been in judicial custody since October 2015, and the delay in concluding the trial infringed on his constitutional right to a speedy trial. The defence also questioned the admissibility of call records purportedly linking Rajan to the other accused, arguing that the sanction to invoke MCOCA was vague and procedurally flawed. However, the prosecution strongly opposed the plea. The special public prosecutor maintained that the charge sheet contained sufficient evidence tying Rajan to the smuggling operation. It was also submitted that a police officer had identified Rajan's voice in an intercepted conversation and cautioned that given his history of absconding, he posed a flight risk if granted bail. Upholding the prosecution's arguments, the court ruled that Rajan's continued detention was justified and that the cited legal precedents in the defence's argument were not applicable at the current stage of the trial.
Indian Express
4 days ago
- Indian Express
Court denies bail to gangster Chhota Rajan in 20-year old arms haul case
IN A 20-year-old case of alleged concealment of arms among drums of grease at the Jawaharlal Nehru Port Trust (JNPT), a special court rejected the bail plea of gangster Chhota Rajan, calling it a 'serious offence'. Rajan was deported to India in 2005 and is currently lodged in Tihar jail in New Delhi. Rajan sought bail in the case stating that he has spent 10 years in jail as an undertrial and the trial is yet to conclude. After his deportation, all the cases pending against him were transferred for a probe to the CBI and a special court has been designated for trial in these cases. This particular case dates back to May 21, 2005, when one Mukund Patel was arrested for possessing a loaded revolver near Kandivali railway station. His interrogation revealed that Bharat Nepali, a henchman of gangster Chhota Rajan, has imported a huge quantity of firearms and ammunition concealed in one drum, hidden among 27 drums of grease. He also led the police to the drum kept at a logistic park in the JNPT area. The container had 34 revolvers, three pistols, one silencer and 1,283 live cartridges concealed. Police invoked sections of the Maharashtra Control of Organised Crime Act. Rajan was named as an absconding accused in the case as the leader of an organised crime syndicate, called the Chhota Rajan gang. Rajan sought bail stating that there is no evidence against him and he has been in judicial custody since 2015. Special public prosecutor Pradip Gharat submitted that there is evidence, including an intercepted conversation, and that the case is nearing conclusion. The court said that Rajan has been punished for offences ranging from life imprisonment to two years. Rajan was sentenced to life imprisonment in 2018 for the murder of journalist J Dey in 2011. 'The present matter is of a serious nature. Prosecution has already examined a total 45 witnesses…all the important witnesses have been examined by the prosecution. Now, there may be few witnesses who remain to be examined…and thereby, the trial may be completed within a few months,' special judge A M Patil said in the order passed on May 28.
Yahoo
14-05-2025
- Business
- Yahoo
Fine Organic Industries Ltd (NSE:FINEORG) Q4 2025 Earnings Call Highlights: Navigating Growth ...
Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Fine Organic Industries Ltd (NSE:FINEORG) demonstrated agility and strength amid macroeconomic volatility, focusing on sustainability, innovation, and customer-centric solutions. The company reported a 6.9% increase in revenue from operations, reaching INR 2,269 crore for FY25. Fine Organic Industries Ltd (NSE:FINEORG) is expanding its export capabilities with a new manufacturing facility in Maharashtra, expected to be completed within 18 to 24 months. The company plans to establish a manufacturing facility in the United States, enhancing its local presence and reducing logistics costs. Fine Organic Industries Ltd (NSE:FINEORG) resumed full operations at its Baur manufacturing unit, which had been temporarily shut down, ensuring safety protocols are in place. The company faced cost-related headwinds, including rising raw material prices and utility costs, impacting margins. EBITDA decreased by 4% year-on-year to INR 512.9 crore in FY25. Fine Organic Industries Ltd (NSE:FINEORG) is cautious about its US expansion due to lack of experience with US regulations and systems. The company is managing elevated inventory levels due to supply chain disruptions and geopolitical conditions. Fine Organic Industries Ltd (NSE:FINEORG) is unable to take on significant new accounts until additional capacity is available, potentially limiting growth. Warning! GuruFocus has detected 1 Warning Sign with BOM:523405. Q: Can you provide details on the CapEx for the new facility at JNPT Mumbai? A: The total CapEx for the JNPT Mumbai facility is estimated to be around INR 700-750 crore, which will be executed in stages over the next 24 months, subject to necessary approvals. (Respondent: Unidentified_2) Q: With a significant cash balance, how do you plan to utilize it for expansion, particularly in the US? A: The cash will be used for expansions in both the JNPT and US facilities. We plan to keep some cash reserves for potential opportunities and will also consider debt financing to support these projects. (Respondent: Unidentified_2) Q: What are the challenges and strategies for the US expansion? A: We are cautious with our first US plant due to regulatory and operational differences. We plan to start with a conservative capacity and learn from the initial phase to manage the plant effectively. (Respondent: Unidentified_2) Q: How will the US and UAE expansions affect your product offerings and market presence? A: Initially, the US plant will produce the same products we currently export from India. Over time, we will introduce new products. The UAE expansion will start with a sales office, with potential for future manufacturing. (Respondent: Unidentified_2) Q: How are you managing raw material price increases, and what is the impact on contracts? A: We have passed on price increases where possible, but long-term contracts require us to absorb some costs. Most contracts are annual, and we are cautious with new agreements due to market uncertainties. (Respondent: Unidentified_2) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
26-04-2025
- Automotive
- Time of India
Heavy vehicles ignore ban, jam Ghodbunder highway
Thane: Motorists faced major inconvenience as hundreds of heavy freight vehicles clogged the Ghodbunder Highway, defying restrictions imposed on their movement for four days to facilitate prompt repair work of the highway stretch at Gaimukh Ghat. The Thane traffic police banned all heavy and multi-axle freight vehicles from using the highway in both directions from Saturday to Monday midnight, as two lanes at the ghat were shut for repairs. However, many transporters — particularly from JNPT, Nashik, and Mumbai — apparently ignored the advisory, causing a massive pile-up at the mouth of the highway at Majiwada starting Friday night. This compelled the authorities to allow the trucks to ply toward Borivli, a move that backfired when these vehicles got stuck in the ghat section, leading to an 8-km tailback stretching to Kapurbawdi by morning. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The situation worsened when several truck drivers abandoned their vehicles on the highway, further reducing lane availability and disrupting traffic. "The restriction for trucks was meant to prevent congestion at the repair site, as multi-axle trucks would struggle with frequent lane switching. But our plan failed," a senior traffic official admitted. "We deployed extra personnel and diverted stranded trucks from the Borivali-bound lanes to take U-turns at Manpada, Anand Nagar, and Waghbil junctions. We also tracked down truck owners and warned of legal action if vehicles weren't cleared." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Despite fewer vehicles on Saturday morning, office-goers still faced delays. Hemant Gupta reported being stuck for hours, stating, "Heavy vehicles were supposed to be banned, but they were everywhere. No updates, no traffic cops advising commuters." Neha Thakker was stranded at Owala for 45 minutes and had to cancel a meeting in Borivali. While the city limits remained clear by evening, motorists Jayant Bhat and Keyur Gondalia complained of congestion at the repair site even by evening. Transporters, already frustrated by frequent delays, claimed they were given too little time to plan alternate routes. The Ghodbunder Highway is a crucial connector for traffic between Gujarat, Mumbai, Thane, Navi Mumbai, the Konkan region, and Nashik, with over one lakh vehicles using it daily.
India Today
23-04-2025
- Business
- India Today
How a deep-sea Maharashtra port will benefit farmers
The Maharashtra government plans to develop its first international market for the sale and purchase of agricultural produce near the proposed greenfield Vadhavan port in Palghar district. While the deep-sea port aims to do away with the saturation and logistical constraints at the Mumbai port around 150 km away and the Jawaharlal Nehru Port Trust (JNPT) near Uran, the international market near it will facilitate the export of agricultural produce, especially the chiku (sapodilla) fruit grown in nearby Dahanu and the famed Alphonso mangoes from the Konkan. Local communities such as fisherfolk, however, are opposing the Vadhavan port as they anticipate a drop in their prized catch of saranga or the silver pomfret. Much sought after by fish eaters, the silver pomfret is also Maharashtra's 'state fish'.According to a senior official in the state department of cooperation, a potential site has been identified near Dapchari in the district for the market, which would be spread over nearly 1,000 acres. 'It will help farmers export their produce and get remunerative prices for it. The market will have a cold storage chain, too,' he says, adding that a tender has been floated for appointing consultants to conduct a pre-feasibility Jawaharlal Nehru Port Authority (JNPA) has signed a Memorandum of Understanding (MoU) with the Maharashtra Maritime Board (MMB) for the development of the Vadhavan port. Located near Dahanu, the site for the proposed port abuts Gujarat. The Union cabinet approved the proposal in June 2024 and the mega port is expected to cost Rs 76,220 project will see the reclamation of 1,473 hectares (3,639.86 acre) of land, while 571 hectares (1,410.97 acre), comprising private, tribal, forest and government land, will be acquired for rail and road connectivity. Another 1,000 hectare of government land will be made available for port-related infrastructure facilities. The port will add container capacity of 15 million Twenty-foot Equivalent Unit (TEUs) by 2035, which will increase to 23.9 million TEUs by state government has also decided to set up 65 Agricultural Produce Market Committees (APMCs) in talukas across 21 districts. This will fill a crucial gap as 68 of Maharashtra's 358 talukas have no APMC, leaving only three without one—Borivali, Andheri and Kurla in to India Today Magazine
