Rahul slams government over petrol price hike
New Delhi, May 14: Congress President Rahul Gandhi on Monday slammed the Modi government over the increased fuel prices once voting for the Karnataka Assembly had ended.
"Karnataka finishes voting, Fuel prices rise to a 4-year high! The key principle of Modinomics: Fool as many people as you can, as often as you can," Gandhi said in a tweet.
Former Union Finance Minister and Congress leader P. Chidambaram also slammed the government. "There we go again. More taxes on petrol and diesel, more burden on the consumer. The Karnataka election was only an interval."
The Indian Oil Corporation (IOC) resumed the dynamic pricing system for fuel on Monday, pushing petrol prices in the national capital to 74.80 per litre.
The IOC had suspended the dynamic pricing for fuel for 19 days to "avoid creating unnecessary panic among the consumers".
In Delhi, petrol was priced at Rs 74.80 per litre on Monday, the highest since September 2013 when it was Rs 76.06. The price was last changed on April 24 when petrol was Rs 74.63 per litre.
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Three company directors held in Rs 100-crore investment fraud in Kochi
Kochi (Kerala) (PTI): Police on Sunday arrested three directors of a firm accused of cheating hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.
The accused were identified as Muraleedharan, Ashik Murali and Akhil Murali, all natives of Thrissur.
The arrests were made by the Kalamassery police in connection with a fraud involving ATCOS (Agri Tourism Cooperative Society), a firm headquartered at Pathadipalam here.
Police said the company had promised high returns by collecting investments from the public in the agricultural tourism sector, but allegedly cheated hundreds of people and fled with the money.
ATCOS was registered under the Multi-State Cooperative Societies Act and operated 13 branches across various districts in Kerala, besides a branch in Coimbatore in Tamil Nadu, officials said.
When investors failed to receive their promised returns or the invested amount, complaints were filed with the police.
Officials said around 54 cases have been registered against the firm in 32 police stations across the state, including 29 cases at the Kalamassery police station alone.
Following instructions from Kochi City Police Commissioner K S Mahesh Kumar, a special investigation team was formed under the supervision of Deputy Commissioner of Police (Law and Order) Shehensha and Thrikkakara ACP Manoj Kumar.
The team traced the accused to an apartment in Amala Nagar in Thrissur, where they had been hiding after secretly renting the flat, officials said.
The bank accounts of the accused have been frozen, and steps have been initiated to trace their assets, officials said.
Police also conducted a raid at the company’s office at Pathadipalam and seized several documents related to the case.
The accused were produced before the Judicial First Class Magistrate Court in Kalamassery, which remanded them to judicial custody and sent them to Kakkanad jail.
Police said they would seek the custody of the accused for further interrogation as the investigation continues.
