EAM Jaishankar to meet Russian counterpart in Moscow on Monday
Moscow (PTI): External Affairs Minister S Jaishankar will meet his Russian counterpart Sergei Lavrov in Moscow on Monday to discuss bilateral cooperation, the foreign ministry here said on Friday.
Foreign Ministry spokesperson Maria Zakharova said the Indian minister will arrive in Moscow with an official delegation for the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, which will be held on November 17-18.
"On Monday, November 17, the Russian Foreign Minister will hold talks with the Indian External Affairs Minister," she said.
She noted that the two top leaders will discuss current and future political cooperation and review key issues of bilateral relations. They will also exchange views on major international and regional matters, including collaboration within the SCO, BRICS, the UN and G20, she said.
Jaishankar is also expected to virtually inaugurate two Indian Consulates in Kazan, the capital of Tatarstan in the Volga region, and Ekaterinburg in the Urals.
Kazan and Ekaterinburg in the Urals are emerging as major hubs to develop Indian expertise and high-end technological cooperation.
Russian President Vladimir Putin is expected to visit India around December 5 to hold annual summit talks with Prime Minister Narendra Modi. Putin had last visited New Delhi in 2021.
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CBI registers fresh case against Reliance Communications, Anil Ambani
New Delhi (PTI): The CBI on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd for allegedly causing a loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India, officials said.
The CBI has filed the case for the alleged offences of conspiracy, cheating and misappropriation and under the provisions of the Prevention of Corruption Act on a complaint from the LIC, making it the fourth case against the company and Anil Ambani, they said.
The agency has alleged that LIC was fraudulently induced to subscribe to Non Convertible Debentures (NCDs) worth Rs. 4500 crore between 2009 and 2012 on the basis of false representations made by Reliance Communications Ltd. and its management regarding the financial health of the company, and security and asset cover offered to LIC while subscribing to the NCDs.
The insurer suffered a loss of over Rs 3,750 crore and ordered a forensic audit against the company.
The forensic audit report dated October 15, 2020, conducted by BDO India LLP, reported that RCOM and its management had resorted to misutilisation of funds raised from banks and financial institutions, routing of funds through subsidiaries, misuse of sale invoice financing, discounting of fictitious bills, systematic siphoning of funds through inter-company deposits/shell related entities, creating and write-off of fictitious debtors and receivables and gross overstatement of security.
It said there was a mismatch between the charges and the assets.
