Thinking to implement new Advertising Policy: Dr. Parameshwar
Bengaluru: Deputy Chief Minister and Urban Development Minister Dr. G. Parameshwar has said that the government is planning to introduce a new Advertising Policy to display advertisements in the city.
He was speaking after inaugurating a bridge on Card Road in Manjunath Nagar here on Monday.
All the flex have been removed as per the court's direction, and some advertisers are likely to knock the court’s door.
While the deadline was given to complete the works before BBMP calls tender, the work is not completed within a given period. So warn the contractors about time. There is a possibility of charging penalty as well. BBMP could use it.
“The government has given Rs 15,000 crore to the BBMP during the last five years. In spite of this, many over-bridges and under-bridges need to be constructed. We have taken action in the garbage management and against unauthorized cables. We have removed eight thousand km unofficial cables,” he informed.
Rajya Sabha Member L. Hanumantayya, Mayor Sampath Raj, MLA Suresh Kumar, Commissioner Manjunath Prasad were present, and others were present.
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Adani, nephew not charged under US Foreign Corrupt Practices Act: Adani Green
New Delhi: Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday.
Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged by the US Department of Justice with being part of an alleged scheme to pay USD 265 million in bribes to Indian officials to win contracts for supply of solar electricity that would yield USD 2 billion profit over a 20-year period.
In a stock exchange filing, Adani Green Energy Ltd, which is at the centre of the bribery allegations, said reports claiming that the three have been charged with FCPA violations "are incorrect".
They have been charged with offences that are punishable with a monetary fine or penalty.
"Gautam Adani, Sagar Adani and Vneet Jaain have not been charged with any violation of the FCPA in the counts set forth in the indictment of the US DOJ or civil complaint of the US SEC.
"These directors have been charged on three counts in the criminal indictment, namely (i) alleged securities fraud conspiracy, (ii) alleged wire fraud conspiracy, and (iii) alleged securities fraud," the filing said.
The Adani Group has denied all allegations and said it will take all possible legal recourse to defend itself.
A criminal indictment has been filed before the United States District Court Eastern District of New York by the Department of Justice in the case of USA against Gautam Adani, Sagar Adani and Vneet Jaain.
"The indictment does not specify any quantum of any fine/penalty," the company said.
The civil complaint alleges that the executives violated certain sections of the Securities Act of 1933 and the Securities Act of 1934, and aided and abetted Adani Green Energy Limited's violation of the Acts, it said.
"Although the complaint prays for an order directing the defendants to pay civil monetary penalties, it does not quantify the amount of penalty," it said.
