Delhi court grants four-day interim bail to Olympian Sushil Kumar to perform father's last rites
New Delhi, Mar 6: A Delhi court on Monday granted four-day interim bail to Olympic medallist wrestler Sushil Kumar, the main accused in the murder case of junior national wrestling champion Sagar Dhankar, on humanitarian grounds for performing the last rites of his father.
Kumar has been in judicial custody since June 2, 2021.
"Keeping in view the fact that the father of the accused expired yesterday and his last rites are to be carried out today itself, on humanitarian grounds, the applicant or accused be released on interim bail from March 6 to March 9 only on furnishing personal bonds of the sum of Rs 1 lakh with two sureties of the like amount," Additional Sessions Judge Shivaji Anand said.
The judge further said that keeping in view the threat perception of the witnesses and also considering the safety and security of Kumar, at least two security personnel have to accompany him round the clock.
"The entire expenditure of deployment of security persons or policemen for keeping surveillance and security of the applicant shall be borne by his family members," the court said.
The amount has to be deposited in advance with the concerned jail superintendent as per the prison rules, it said.
"Applicant is directed to surrender before the Jail Superintendent concerned after expiry of interim bail period i.e, on March 10," the court said.
The other conditions for the interim relief include Kumar not threatening the prosecution witnesses, tampering with evidence or indulging in any crime and sharing his phone's live location as and when required by the investigating officer (IO).
"In case it is prima facie brought to the notice of the court that the applicant is violating the said conditions, the interim bail granted to him shall be liable to be cancelled," the court said.
It said that a copy of its order should be sent to the concerned jail superintendent for "information and compliance".
During the hearing, Kumar's advocate sought interim bail on the ground that the applicant's presence as the eldest son was required at the cremation of his father on Monday afternoon and the ashes would be immersed only on March 9 as Tuesday and Wednesday were inauspicious according to Hindu beliefs.
The advocate told the court that Kumar's father passed away on Sunday night at a private hospital.
Kumar and others are accused of allegedly assaulting former junior national wrestling champion Sagar Dhankar and his friends Jai Bhagwan and Bhagat in the parking lot of the city's Chhatrasal Stadium on May 4, 2021, over an alleged property dispute.
Dhankar later succumbed to injuries.
The present court had framed charges for the offence of murder and criminal conspiracy against Kumar and 17 others on October 12 last year.
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SEBI must name 'big players' profiteering at expense of small traders in F&O trading: Rahul Gandhi
New Delhi, Sep 24: Congress leader Rahul Gandhi on Tuesday said 90 per cent of small investors have lost Rs 1.8 lakh crore in Futures and Option (F&O) trading in three years and asked the SEBI to reveal the names of the "so called big players" profiteering at their expense.
More than 91 per cent, or 73 lakh, individual traders lost money in the F&O segment in FY24 with an average net loss of Rs 1.2 lakh per person, a study conducted by markets regulator Securities and Exchange Board of India (SEBI) revealed on Monday.
Further, 93 per cent of over 1 crore individual F&O traders incurred average losses of about Rs 2 lakh per trader (inclusive of transaction costs) during the three years from FY22 to FY24. The aggregate losses of such traders exceeded Rs 1.8 lakh crore during the period.
Gandhi, who is the leader of the Opposition in the Lok Sabha, said on X, "Uncontrolled F&O trading has grown 45X in 5 years. 90% of small investors have lost ₹1.8 lakh Cr in 3 years."
"SEBI must reveal the names of the so called 'Big Players' making a killing at their expense," the former Congress chief said.
The study said in FY24 alone, individuals incurred about Rs 75,000 crore in net losses.
It found the top 3.5 per cent of loss-makers -- about 4 lakh traders -- faced an average loss of Rs 28 lakh per person over the same period, inclusive of transaction costs.
On the other hand, only 7.2 per cent of individual F&O traders made a profit over the period of three years and only 1 per cent of individual traders managed to earn profits exceeding Rs 1 lakh, after adjusting for transaction costs.
Moreover, the number of retail traders, or individual traders, has almost doubled in two years to about 96 lakh in FY24 from about 51 lakh in FY22.
Although such investors contributed about 30 per cent to the total turnover in FY24, they are a clear majority in number terms, as 99.8 per cent of total traders in the equity F&O segment are individuals.
"The availability of sophisticated trading platforms and lower transaction costs have enabled retail investors to actively trade in options and futures contracts, contributing to the surge in market liquidity," SEBI said.
The regulator said rapid growth in F&O trading activity has highlighted the need for investor education and risk management practices, as a significant proportion of retail traders continued to incur losses in the market.
Uncontrolled F&O trading has grown 45x in 5 years.
— Rahul Gandhi (@RahulGandhi) September 24, 2024
90% of small investors have lost ₹1.8 lakh Cr in 3 years.
SEBI must reveal the names of the so called “Big Players“ making a killing at their expense.
