AIIB's 4th Annual Meeting 2019 in Luxembourg
Mumbai, June 26: Moving out of Asia first time, the Asian Infrastructure Investment Bank (AIIB)'s Fourth Annual Meeting will be held in Luxembourg in July 2019, an official said here on Tuesday.
Luxembourg is a founding member of AIIB as well as a leading international financial centre and facilitator of investments between Europe and Asia, said AIIB Vice President and Corporate Secretary Danny Alexander.
"European countries have been strong supporters of the creation of the AIIB so it is particularly welcome to have this early opportunity to bring all of the Bank's members to Europe. This will be a great opportunity for public and private sector representatives from around the world to discuss on infrastructure development in Asia and beyond," he said.
Luxembourg Finance Minister Pierre Gramegna said his country was "honoured" to become the first non-regional member of AIIB to host the bank's Annual Meeting in Luxembourg City next July.
The second Asian Infrastructure Forum will be held as part of the 2019 Annual Meeting, the official said.
The first AIIB Board of Governors meeting was held in Beijing in 2016, followed by Jeju, South Korea in 2017 and the latest two-day meeting in Mumbai which concluded here on Tuesday.
Headquartered in Beijing, the AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.
It commenced operations in January 2016 and has now grown to 87 member from around the world, and invests in sustainable infrastructure and other productive sectors, with India ranking as its biggest borrower.
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Excise policy cases: SC agrees to hear Sisodia's pleas seeking relaxation of bail conditions
New Delhi (PTI): The Supreme Court on Friday agreed to hear AAP leader Manish Sisodia's pleas seeking relaxation of bail conditions which require him to report to the investigating officer on every Monday and Thursday in the corruption and money laundering cases related to Delhi excise policy.
A bench of Justices B R Gavai and K V Viswanathan issued notices to the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) seeking their responses on Sisodia's applications.
On August 9, the apex court had granted him bail in the corruption and money laundering cases linked to the alleged Delhi excise policy scam, saying long incarceration for 17 months without trial had deprived him of his right to speedy trial.
The apex court had imposed conditions, including that he shall report to the investigating officer on every Monday and Thursday between 10-11 am.
During the hearing on Friday, senior advocate Abhishek Singhvi, appearing for Sisodia, said the Aam Aadmi Party (AAP) leader has appeared before the investigating officers 60 times.
"I (Sisodia) am a respectable person," the senior advocate said.
Singhvi said that similar condition was imposed by the apex court on other accused in the case.
"The same ED has given no objection to all other accused," he said.
The bench said, "On the next date, we will clarify it."
"Issue notice, returnable two weeks," the top court said.
The former Delhi deputy chief minister was arrested by both the CBI and the ED in corruption and money laundering cases linked to the alleged Delhi excise policy scam.
He was arrested by the CBI on February 26, 2023 for purported irregularities in the formulation and implementation of the now scrapped Delhi excise policy 2021-22.
The following month, the ED arrested him in the money laundering case stemming from the CBI FIR on March 9, 2023. He resigned from the Delhi cabinet on February 28, 2023.
In its August 9 verdict granting bail to Sisodia in both the cases, the apex court had said it was high time that the trial courts and the high courts should recognise the principle that "bail is rule and jail is exception".
"We find that, on account of a long period of incarceration running for around 17 months and the trial even not having been commenced, the appellant (Sisodia) has been deprived of his right to speedy trial," it had said.
The top court had directed him to furnish a bail bond of Rs 10 lakh with two sureties of the like amount.
It had directed that Sisodia shall surrender his passport with the special court and not make any attempt either to influence the witnesses or to tamper with the evidence.
The apex court had set aside the May 21 verdict of the Delhi High Court, which had dismissed Sisodia's pleas seeking bail in both these cases.
The ED and the CBI had opposed his bail pleas.
