Latest news with #SPP
The Hindu
4 hours ago
- General
- The Hindu
North-east Delhi riots case: repeated judicial reshuffles delay trial
NEW DELHI Five years after the north-east Delhi riots of 2020, which left 53 dead and over 700 injured, the trial in the 'larger conspiracy' case will begin afresh due to a recent judicial reshuffle in the Capital's lower courts. On June 2, the case was listed for arguments on charges. The court was informed that the Special Public Prosecutor (SPP) had completed his submissions, and five accused had also argued on the point of charge. However, the matter will now restart under Additional Sessions Judge (ASJ) Lalit Kumar, following the transfer of ASJ Sameer Bajpai.The latest reshuffle, involving the transfer of 135 judges, marks another setback in one of Delhi's most high-profile trials. 'Since the court has been transferred, the prosecution and the accused persons and their counsels seek some time to consult with each other regarding the time frame to address the arguments,' said ASJ Kumar, while directing all parties to submittheir time estimates for arguments by June 6. Originally filed by Delhi Police's Special Cell in 2020, the case invokes provisions of the Unlawful Activities (Prevention) Act (UAPA), among others. Key accused include Tahir Hussain, student activists Umar Khalid, Khalid Saifi, Ishrat Jahan, Meeran Haider, Gulfisha Fatima, Shifa-Ur-Rehman, Asif Iqbal Tanha, Shadab Ahmed, Tasleem Ahmed, Saleem Malik, Mohd. Saleem Khan, Athar Khan, Safoora Zargar, Sharjeel Imam, Faizan Khan, and Natasha Narwal, among others. After months of delay in the probe, the chargesheetwas filed in June 2023, and arguments began in 2024 before Judge Bajpai. Prior to him, the case was heard for months by ASJ Amitabh Rawat, who was transferred last year. With Judge Kumar now assigned to the case, both prosecution and defence teams are expected to resubmit their argument timelines and reconvene on June 6. The court is likely to push for a time-bound hearing to avoid delays.
NDTV
8 hours ago
- Business
- NDTV
Land-For-Jobs Case: Applicants From 1 State, Recruitment Pattern Under Probe
New Delhi: The Central Bureau of Investigation (CBI), presenting its arguments on framing charges in the land-for-job scam case on Monday, questioned how all applicants for Group D posts in some zones of Indian Railways could come from just one State. In this case, former Railway Minister and RJD chief Lalu Prasad Yadav, his family members, former public servants, and job aspirants are accused. Yadav is alleged to have granted railway jobs in exchange for land parcels from candidates or their relatives, either as gifts or at significantly reduced prices. The agency alleged that one lakh square feet of land was purchased for Rs 26 lakh. Special Judge Vishal Gogne heard the submissions of senior advocate and Special Public Prosecutor (SPP) DP Singh, who appeared on behalf of the CBI. The special judge on Tuesday listed the matter for hearing on Wednesday. It was submitted on behalf of the CBI that there was enormous pressure to clear the application. Multiple applications were cleared the same day. Why does it happen so quickly? SPP questioned. The process was so tedious, he added. The certificates were never verified. It was further submitted that there is sufficient evidence to show the cash transaction with the person whose land was sold directly or indirectly to Lalu Prasad Yadav at a discounted rate. The agency alleged that these people were appointed. The Delhi High Court has already rejected Lalu Prasad Yadav's plea seeking a stay on the trial court proceedings. On May 31, the Delhi HC dismissed his petition. Justice Ravinder Dudeja had ruled that Yadav remains free to present his arguments before the trial court at the charge consideration stage, stating there were no compelling reasons to halt proceedings. Senior Advocate Kapil Sibal, Yadav had sought to quash the FIR, arguing that the CBI failed to obtain mandatory prior approval before proceeding with its inquiry. He contended that while approval was secured for others, it was not obtained in his case. The CBI, opposing the petition on maintainability grounds, had argued that a sanction under Section 17A of the Prevention of Corruption Act was not required. It further stated that while a sanction under Section 19 was necessary, it had already been obtained. The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) are investigating former Bihar Chief Minister Lalu Prasad Yadav, his family, and several others in connection with the land-for-jobs case.
Indian Express
9 hours ago
- General
- Indian Express
New Year's Eve murder case: SPP says he has not been paid dues
Special public prosecutor Pradip Gharat Tuesday informed a court here, before which the trial in the New Year's Eve murder case of a 19-year-old is ongoing, that he has not been paid his dues. Gharat told the court during a hearing in the case that he has been appointed as the special public prosecutor (SPP) since 2021 but has not been paid even for a single hearing so far. He told the court that he had written thrice to the Khar Police senior inspector, and sent the officer messages about his dues but did not get any response. The court has directed that the pursis filed by Gharat informing it about the non-payment be forwarded to the Khar Police. Gharat informed the court that he has given the authorities 'sufficient time' to respond and if they fail to do so by the next hearing on June 16, he has no option but to step down from the case. On the intervening night of December 31, 2020 and January 1, 2021, Jhanvi Kukreja, a 19-year-old Khar resident, was allegedly murdered after a scuffle. The police arrested Kukreja's childhood friend, 19-year-old Diya Padalkar and 22-year-old Shree Jogdhankar, on charges of murder. Gharat was appointed as the SPP in 2021 and the trial in the case has been underway since 2023. On Tuesday, Gharat examined the 41st witness in the case. Following the examination, he informed the court that while he had conducted the trial which is almost at its fag end now with 3-4 witnesses remaining, he has not been paid his pending dues. Gharat told the court that if he does not receive any response, he will not be able to attend the next hearing. Gharat, who was the SPP in the Telgi scam, and is representing the CBI in the cases against gangster Chhota Rajan, including the murder of journalist J Dey where Rajan and others were sentenced to life imprisonment, was replaced earlier this year from case of the abetment of suicide of Dr Payal Tadvi. On March 7, the law and judiciary department issued the notification to cancel the appointment of Gharat with immediate effect and appointed another lawyer as the SPP. Appointed in many cases during the Maha Vikas Aghadi government, Gharat was also asked to step down in some cases of a political nature like the sedition case against former MP Navneet Rana.
Scoop
a day ago
- Business
- Scoop
Pacific Edge Placement Upsized To NZ$16 Million
Press Release – Pacific Edge Pacific Edge is now targeting the opening of a NZ$5 million offer to eligible retail investors by way of a Share Purchase Plan (SPP) at the same NZ$0.10 cents per share offer price in July or early August 2025 (with the ability to accept oversubscriptions). Note: PEB has released this update to the NZX and ASX as per listing rules.1* Pacific Edge today announces it has successfully raised NZ$16 million of new equity in a placement of new ordinary shares (Placement) — NZ$1 million more than it sought — after Directors resolved to accept over subscriptions.2* The Placement, which was well supported by existing shareholders, was completed on Friday 30 May 2025 and is subject to shareholder approval.3* It was priced at NZ$0.10 cents per share, a premium to the 20-day volume average weighted price (VWAP) prior to the announcement of the company's planned ~NZ$20 million equity issue. Pacific Edge is now targeting the opening of a NZ$5 million offer to eligible retail investors by way of a Share Purchase Plan (SPP) at the same NZ$0.10 cents per share offer price in July or early August 2025 (with the ability to accept oversubscriptions).4 A shareholder meeting to approve the Placement is planned for late July or early August 2025. The Placement and the planned SPP are aimed at ensuring Pacific Edge has additional resources and capacity to capitalize on its recent clinical and commercial milestones, grow in non-Medicare channels and regain Medicare coverage of its tests. Medicare coverage of the company's tests ceased after the 'Genetic testing for Oncology; Specific Tests' (L39365) Local Coverage Determination became effective on 24 April 2025. Chairman Chris Gallaher said: 'We are delighted with the investor support we have received. The inclusion of Cxbladder in the American Urological Association's (AUA) new microhematuria guideline in February 2025 is significant and has allowed the company to view the non-coverage determination differently. We are leveraging the important AUA guideline to build on the commercial momentum we have already established, including our plans to regain Medicare coverage.' Pacific Edge Chief Executive Dr Peter Meintjes said: 'The robust evidence emerging from our clinical evidence program is shifting clinical sentiment towards the broader adoption of our tests in the US and further afield and represents a significant opportunity in addition to Medicare re-coverage. We are delighted with the strong support we have received from investors to continue to pursue our plans, and we are looking forward to making the same offer to the remainder of our shareholders via the SPP.' Pacific Edge is advised on the equity raise by Cameron Partners (investment banking advisers), Harmos Horton Lusk (legal advisers) and The Project (investor relations and communications advisers). For further information on the detail and timetable of the equity raising please refer to the announcement and presentation dated Thursday 29 May 2025 and released by NZX and ASX on Friday 30 May 2025. Footnote: 1* PEB has released the information contained in this update to the NZX and ASX as it regards it to be material, as defined in the NZX Listing Rules and Section 231 of the FMC Act. 2* Shareholder approval is required to settle the Placement (i.e., for payment for, and allotment of, the new shares offered under the Placement) given the Placement exceeds Pacific Edge's placement capacity (15% of Pacific Edge's current shares on issue) and due to Related Party participation. The Placement is also conditional on all necessary regulatory approvals. In this regard, the company intends to seek a waiver from NZX Listing Rule 4.19.1 to permit the allotment of shares under the Placement after shareholder approval is obtained. The Placement offer closed on 30 May 2025 for the purposes of clause 21(1)(b)(ii) of Schedule 8 to the Financial Markets Conduct Regulations 2014. 3* See footnote 1. 4* No offer of new shares is made under the SPP unless and until Pacific Edge sends the SPP offer document to shareholders. No money is currently being sought, and new shares cannot currently be applied for or acquired, under the SPP.
Otago Daily Times
a day ago
- Business
- Otago Daily Times
Pacific Edge raises $16 million of new equity
Pacific Edge has raised $16 million of new equity in a placement of new ordinary shares — $1 million more than it sought — after directors resolved to accept over-subscriptions. On Friday, the cancer diagnostics company announced a $20 million capital raise, saying it was about ensuring it had the cash reserves to capitalise on recent clinical and commercial milestones, grow in non-Medicare channels in the United States and regain Medicare coverage of its tests. It comprised a placement of $15 million of new ordinary shares offered to selected investors and an offer of $5 million of new shares to retail investors, by way of a share-purchase plan. The share issue was priced at $0.10 per share. This morning, the company said the place — which was well supported by existing shareholders — was completed on Friday and is subject to shareholder approval. It was now targeting the opening of a $5 million offer to eligible retail investors by way of a Share Purchase Plan (SPP) at the same NZ$0.10 cents per share offer price in July or early August 2025, with the ability to accept oversubscriptions. _ APL
