Mangaluru: Mayor bans construction work in city after landslide tragedy
Mangaluru: Mayor Sudheer Shetty stated that Commissioner of the Mangaluru City Corporation (MCC) had been advised to strictly implement a rule to ban all excavation and construction works in the municipal limits until September so as to avoid any potential disasters. The issue was brought to the notice of the DC too, he said. He was addressing the media persons at the Corporation on Wednesday.
“Three executive engineers are directed to identify areas where retaining walls have weakened and where the walls are needed. The dilapidated areas will be inspected by junior engineers who will take measures to stabilize them temporarily with sand bags. A clear instruction has been given in this regard. Potential dangers will be avoided through this”, he stated.
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The mayor said that the retaining wall built for Netravathi River Front Project had collapsed at one place and an inspection of the spot had been conducted. “We have maintained status quo as there is a case pending in the National Green Tribunal (NGT). The hearing is on August 2 and the verdict will favor the Corporation”, the Mayor expressed confidence.
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New application filed in SC against Adani group over US indictment
New Delhi: A fresh application has been submitted to the Supreme Court of India, seeking the inclusion of key documents related to the recent US indictment of the Adani Group. Filed by advocate Vishal Tiwari, the petition aims to introduce two critical pieces of evidence into an ongoing case related to the Adani Group's financial practices.
The first document is a formal US court indictment accusing Gautam Adani, his relative Sagar Adani, and other company executives of orchestrating a massive bribery scheme to secure solar energy contracts worth billions of dollars in India. The indictment alleges that over $250 million in bribes were paid to Indian government officials to obtain these lucrative contracts.
The second document is a complaint from the US Securities and Exchange Commission (SEC), which accuses the Adani Group of securities fraud. The SEC alleges that Adani executives misled investors to raise funds for these solar projects, despite knowing that part of the capital was linked to corrupt activities.
This development follows the US Attorney's Office's recent charges against the Adani executives, who are accused of masterminding a bribery scheme to secure power supply contracts with state-run utilities in India. The contracts were expected to yield up to $2 billion in profits over two decades.
These charges come amid an ongoing investigation by India's Securities and Exchange Board (SEBI) into the Adani Group, after allegations of stock manipulation and market irregularities surfaced, particularly following the release of the Hindenburg Report in early 2023. The new US legal documents could play a crucial role in strengthening the investigation into the Adani Group's business operations.
