Amazon Publishing acquires Chetan Bhagat's next six books
Mumbai, April 27: Amazon Publishing has announced a global deal for the next six books by best-selling author Chetan Bhagat, whose previous books were published by Rupa publications.
The deal includes three fiction and three nonfiction titles. Amazon Publishing will publish these books globally in print, eBook and audio formats, with the first title out in October 2018. The title or any other details about the first book are yet to be disclosed.
According to Amazon, all the books are planned to also be available in multiple Indian language translation versions. Westland, an Amazon company, will distribute the print editions in India.
"Amazon Publishing is excited to work with Chetan and publish his books to a wider audience including readers both in India and abroad," said Jeff Belle, Vice President, Amazon Publishing.
"Millions of readers have enjoyed Chetan's work for over a decade. His books deftly weave together the everyday life of youngsters with the prevalent social milieu of our time," he added.
Bhagat expressed his delight over the deal for his upcoming books.
"Amazon's online advantage and their commitment to reach every corner of India ties in well with my goals of inspiring every Indian read books. Further, Amazon's global reach, especially with Kindle eBooks, will give me readers worldwide. Ever since my books were made available on Kindle, I get emails from readers in places like Africa and Europe, something that did not happen earlier.
"My new fiction novel is scheduled for release during the festive season in October 2018. While I will reveal details later, I am very excited about it. It will be my first book in both eBook and print formats with Amazon Publishing and it will be something different from what I have done before," he said.
Amazon acquired Westland Publications Pvt Ltd, a leading trade books publisher, in January 2017. Westland is the official distributor of Amazon Publishing titles in India and works with India's top book distributors, book retail chains, independent book retailers and online marketplaces.
Bhagat arrived in the Indian literary space with a bang and has so far published nine blockbuster books. These include seven novels -- "Five Point Someone" (2004), "One Night @ the Call Center" (2005), "The 3 Mistakes of My Life" (2008), "2 States" (2009), "Revolution 2020" (2011), "Half Girlfriend" (2014) and "One Indian Girl" (2016) and two non-fiction titles -- "What Young India Wants" (2012) and "Making India Awesome"(2015).
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ED arrests Sandeepa Virk, 'cosmetologist' for alleged money laundering
New Delhi, Aug 13 (PTI): The Enforcement Directorate said on Wednesday it has arrested a woman, who claims to be an actor and a cosmetologist, under the anti-money laundering law in a case of alleged fraud and misrepresentation.
The agency said the purported links of the woman, Sandeepa Virk, with a Reliance Group executive, Angarai Natarajan Sethuraman (President, Corporate Affairs), are also under its scanner. Sethuraman, in a statement, denied any connection with Virk or any transactions related to her.
Virk was taken into custody under the Prevention of Money Laundering Act (PMLA) on Tuesday after searches were conducted against her and her associates in Delhi and Mumbai over the last two days.
A special court sent her to the ED's custody till August 14, the agency said. The woman claims to be the owner of a skin care products selling website named hyboocare.com, which the ED claimed was a "front" for money laundering.
She and her associates are being probed for allegedly exerting undue influence through "misrepresentation" and "defrauding" individuals by soliciting money under false pretences.
According to an Instagram ID of Virk, she is an actor and entrepreneur and the founder of the said website.
The federal agency said in a statement that the woman was also "in touch with" Sethuraman, former director of erstwhile Reliance Capital Limited.
She was communicating with him regarding "illegal liaisoning", the ED claimed, adding that the searches at Sethuraman's residence "confirmed" these allegations.
"Besides, diversion of funds for personal benefit has also been unearthed during the course of the search action," it said.
The ED alleged that public money worth about Rs 18 crore belonging to Reliance Commercial Finance Limited (RCFL) was disbursed to Sethuraman in 2018 by "flouting" prudent lending norms.
The funds were lent under terms that allowed a deferment of the principal amount as well as the interest, with multiple waivers granted and no due diligence conducted, it said.
The ED claimed that besides this, a home loan of Rs 22 crore was provided by Reliance Capital Limited by "violating" the prudential norms. "A large part of these loans are seen to have been eventually siphoned off and remained unpaid," it alleged.
Sethuraman, in a statement, dismissed the allegations as "baseless". He denied any connection with Virk or any transactions related to her.
Detailing about Virk's web portal, the agency said it purportedly sold FDA-approved beauty products. However, the ED said the products listed on the website have been found to be non-existent and the portal lacks a user registration option and is plagued by persistent payment gateway issues.
A scrutiny of the website uncovered minimal social-media engagement, an inactive WhatsApp contact number and an absence of transparent organisational details, all of which reinforce the finding of "non-genuine" commercial activity, the ED claimed.
"These factors, including limited product range, inflated pricing, false claims of FDA approval and technical inconsistencies, indicate that the website serves as a front for laundering funds," it said.
Another social media-hosted bio data of the woman said she is a certified cosmetologist.
The ED said several "incriminating" documents were seized during the searches and the statement of a man named Farrukh Ali, stated to be an associate of Virk, was recorded.
The money-laundering case stems from an FIR lodged by the Punjab Police.
Sethuraman said that the home loan he received from Reliance Capital was granted following due process and was secured by the property offered as collateral.
