Indian Navy officer sets sail for global circumnavigation race
New Delhi, July 1: Commander Abhilash Tomy of the Indian Navy, who has solo circumnavigation of the globe to his credit, set sail on a unique voyage on Sunday as the only invitee from Asia to participate in the Golden Globe Race (GGR).
It is the first time that India is participating in the race which commenced from Les Sables d'Olonne harbour in France and is expected to complete at the same location in April 2019.
According to an official statement from the Indian Navy, the participants are required to sail around the world, single-handed and non-stop.
"The uniqueness of the race is that boat designs and technology newer than 1968 is not permitted, hence use of Global Positioning System (GPS), satellite communication, navigational aids, etc is forbidden," the statement said.
The GGR is being conducted by Sir Robin Knox Johnston of UK to commemorate 50 years since the world's first solo non-stop circumnavigation was undertaken by him in 1968 on-board the Indian built boat, Suhaili.
One of India's most prominent sailors, Cdr Tomy will be sailing on the indigenously built sailing vessel 'Thuriya' which is a replica of Suhaili.
"The boat showcases India's boat building capability on the world forum and promotes the 'Make in India' initiative," the statement said.
Cdr Tomy has covered 53,000 nautical miles under sail, including a solo non-stop circumnavigation of the globe in 2012-13 on-board Indian Naval Sailing Vessel (INSV) Mhadei.
He is also a recipient of the Kirti Chakra, MacGregor and Tenzing Norgay awards.
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ED arrests Sandeepa Virk, 'cosmetologist' for alleged money laundering
New Delhi, Aug 13 (PTI): The Enforcement Directorate said on Wednesday it has arrested a woman, who claims to be an actor and a cosmetologist, under the anti-money laundering law in a case of alleged fraud and misrepresentation.
The agency said the purported links of the woman, Sandeepa Virk, with a Reliance Group executive, Angarai Natarajan Sethuraman (President, Corporate Affairs), are also under its scanner. Sethuraman, in a statement, denied any connection with Virk or any transactions related to her.
Virk was taken into custody under the Prevention of Money Laundering Act (PMLA) on Tuesday after searches were conducted against her and her associates in Delhi and Mumbai over the last two days.
A special court sent her to the ED's custody till August 14, the agency said. The woman claims to be the owner of a skin care products selling website named hyboocare.com, which the ED claimed was a "front" for money laundering.
She and her associates are being probed for allegedly exerting undue influence through "misrepresentation" and "defrauding" individuals by soliciting money under false pretences.
According to an Instagram ID of Virk, she is an actor and entrepreneur and the founder of the said website.
The federal agency said in a statement that the woman was also "in touch with" Sethuraman, former director of erstwhile Reliance Capital Limited.
She was communicating with him regarding "illegal liaisoning", the ED claimed, adding that the searches at Sethuraman's residence "confirmed" these allegations.
"Besides, diversion of funds for personal benefit has also been unearthed during the course of the search action," it said.
The ED alleged that public money worth about Rs 18 crore belonging to Reliance Commercial Finance Limited (RCFL) was disbursed to Sethuraman in 2018 by "flouting" prudent lending norms.
The funds were lent under terms that allowed a deferment of the principal amount as well as the interest, with multiple waivers granted and no due diligence conducted, it said.
The ED claimed that besides this, a home loan of Rs 22 crore was provided by Reliance Capital Limited by "violating" the prudential norms. "A large part of these loans are seen to have been eventually siphoned off and remained unpaid," it alleged.
Sethuraman, in a statement, dismissed the allegations as "baseless". He denied any connection with Virk or any transactions related to her.
Detailing about Virk's web portal, the agency said it purportedly sold FDA-approved beauty products. However, the ED said the products listed on the website have been found to be non-existent and the portal lacks a user registration option and is plagued by persistent payment gateway issues.
A scrutiny of the website uncovered minimal social-media engagement, an inactive WhatsApp contact number and an absence of transparent organisational details, all of which reinforce the finding of "non-genuine" commercial activity, the ED claimed.
"These factors, including limited product range, inflated pricing, false claims of FDA approval and technical inconsistencies, indicate that the website serves as a front for laundering funds," it said.
Another social media-hosted bio data of the woman said she is a certified cosmetologist.
The ED said several "incriminating" documents were seized during the searches and the statement of a man named Farrukh Ali, stated to be an associate of Virk, was recorded.
The money-laundering case stems from an FIR lodged by the Punjab Police.
Sethuraman said that the home loan he received from Reliance Capital was granted following due process and was secured by the property offered as collateral.
