HC seeks ED response on Andhra Bank ex-official bail plea
New Delhi, May 9: The Delhi High Court on Wednesday asked the ED to file a response on the bail plea of a former Director of Andhra Bank arrested in a Rs 5,000 crore bank fraud case involving Gujarat-based pharmaceutical company Sterling Biotech.
Justice A.K. Pathak issued notice to the agency on the bail plea of Anup Prakash Garg and listed the matter for July 2.
The Enforcement Directorate's counsel, Nitish Rana, opposed the bail plea citing the serious nature of the offence.
Garg sought the bail saying he was arrested by the ED on January 12 after a case was filed against him under the Prevention of Money Laundering Act (PMLA) and he has been in custody since then.
Both the ED and the Central Bureau of Investigation (CBI) named Garg as an accused in criminal cases. The ED initiated a money laundering probe taking cognizance of the CBI FIR.
The CBI booked Sterling Biotech, its directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, Chartered Accountant Hemant Hathi, Garg and some unidentified persons in connection with the alleged bank fraud.
Sterling Biotech had taken loans of over Rs 5,000 crore from a consortium of banks led by Andhra Bank which had turned into non-performing assets. Total pending dues of the group companies were Rs 5,383 crore as on December 31, 2016, said the CBI FIR.
The ED said that during the probe, it found that "certain entries" in a diary seized by the Income Tax Department in 2011 showed cash payments amounting to Rs 1.52 crore made to one "Garg, Director, Andhra Bank" between 2008 and 2009 by the Sandesara brothers
The agency accused Garg of infusing several crores of rupees of his unaccounted cash in various companies through Kolkata-based bogus shell companies with the help of cash or cheque entry operators in Kolkata to launder the money.
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Approval of registered housing societies must to operate liquor shops on their premises: Ajit Pawar
Nagpur (PTI): Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday said that shops selling Indian made foreign liquor (IMFL) as well as country liquor will be required to obtain mandatory consent from registered housing societies before commencing operations from the commercial spaces on their premises.
Pawar, who also heads the excise department, directed that this new policy be implemented across the state.
"Permission from registered housing societies will now be compulsory for both categories of liquor shops. The policy must be enforced uniformly throughout Maharashtra," Pawar told the Lower House of the state legislature while responding to a question raised by BJP MLA Shankar Jagtap, who represents the Chinchwad assembly constituency in Pune district.
Jagtap sought cancellation of licences of liquor shops operating in Chinchwad-Kalewadi area of Pune.
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During the discussion, he said that Vikrant Wine, a liquor shop in Sahyadri Society, had begun operations in violation of norms.
The building was incomplete when permission was granted, and the licence had been issued on the basis of incomplete documents, Jagtap said, demanding action against those responsible.
Responding to this, Pawar reiterated the mandatory requirement of the respective housing society's consent for liquor outlets, and informed the House about the action taken regarding the two shops against which complaints had been received.
During the Budget session of the state legislature held in March this year, Pawar had announced that a no-objection certificate (NOC) from housing societies will be mandatory for liquor vends if they wish to migrate to their premises.
Many housing societies have commercial establishments, with some even having liquor vends.
