ED arrests TMC MLA in West Bengal school jobs 'scam'
Kolkata (PTI): The Enforcement Directorate arrested ruling Trinamool Congress MLA Jiban Krishna Saha on Monday following raids as part of its probe into alleged irregularities in the hiring of teachers and staffers in schools in West Bengal, official sources said.
He was taken into the central probe agency's custody following searches conducted at his residence in West Bengal's Murshidabad district.
According to sources, the MLA tried to escape from his house during the raids by jumping from a wall. He also threw his phones into a drain behind his house, and those have been recovered, they said.
Videos and pictures of the raids showed a drenched MLA being taken away by the ED and accompanying CRPF officials from an area marked by vegetation and trash lying around.
The MLA from the Burwan Assembly segment has been arrested for non-cooperation with the agency under the Prevention of Money Laundering Act (PMLA), the sources said, adding the raids also covered some of the MLA's relatives and associates.
Saha was arrested by the CBI in 2023 for his alleged links to the "scam" and later released.
The ED's money laundering case stems from an FIR registered by the CBI, which was directed by the Calcutta High Court to carry out investigations into alleged irregularities in the hiring of group 'C' and 'D' staff, assistant teachers of Classes 9 to 12 and primary teachers.
The ED had earlier arrested former West Bengal education minister Partha Chatterjee, his alleged associate Arpita Mukherjee, TMC MLA and ex-president of the West Bengal Board of Primary Education Manik Bhattacharya, apart from some others in this case.
Chatterjee was suspended by the TMC after his arrest by the ED.
A total of four charge sheets have been filed by the ED in this case till now.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
