SC refuses to set aside anticipatory bail given to Bhavani Revanna in kidnapping case
New Delhi (PTI): The Supreme Court on Wednesday refused to set aside the anticipatory bail granted to Bhavani Revanna, the mother of suspended JD(S) MP and rape accused Prajwal Revanna, in a kidnapping case involving one of the victims of her son's alleged sexual assaults.
A bench of Justices Surya Kant and Ujjal Bhuyan issued notice to Revanna on the appeal filed by the Karnataka government challenging a Karnataka High Court order.
"The accused is a woman who is aged 55 years. There are serious allegations against her son of indulging in atrocious things. He ran away and eventually, he was caught.
"In a case of this kind of allegations, what will be the role of the mother in abetting the crime committed by her son?" the bench told senior advocate Kapil Sibal appearing for the Special Investigation Team (SIT) set up by the Karnataka government.
ALSO READ: Court rejects JD(S) MLC Suraj Revanna's bail plea in sodomy case
Sibal said the relief granted was the "most unfortunate" and the victim was under captivity on the directions of the family.
"There is nothing... let us not politicise the matter," the bench observed.
The high court had on June 18 granted anticipatory bail to Bhavani Revanna while emphasising that she had already answered 85 questions during the investigation, making it unfair to claim she was not cooperating with the SIT, which is probing the sexual abuse cases against her son.
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Silver, gold script sharp comeback as US-Iran ceasefire calms global jitter
New Delhi (PTI): Silver prices surged Rs 11,000 to Rs 2.51 lakh per kilogram in the national capital on Wednesday, while gold advanced to Rs 1.56 lakh per 10 grams amid strong global cues after the US and Iran agreed to a two-week ceasefire.
According to the All India Sarafa Association, the white metal zoomed by Rs 11,000, or nearly 5 per cent, to Rs 2,51,000 per kg (inclusive of all taxes) from Tuesday's closing level of Rs 2,40,000 per kg.
Gold of 99.9 per cent purity also appreciated by Rs 3,200, or 2.09 per cent, to Rs 1,56,400 per 10 grams (inclusive of all taxes). It settled at Rs 1,53,200 per 10 grams in the previous market session.
Analysts said bullion prices strengthened as geopolitical tensions in West Asia eased, triggering a broader relief rally across global financial markets.
Gold maintained strong gains and approached a three-week high on Wednesday as improved global risk sentiment, along with a pullback in US dollar and crude oil prices, boosted demand for precious metals, Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
The positive momentum came after an agreement reached just before a self-imposed deadline by US President Donald Trump, who confirmed a pause in military action, conditional on the reopening of the Strait of Hormuz.
Iran also signalled that safe passage through the Strait would be possible during the ceasefire period, further easing supply concerns.
In the overseas markets, spot gold gained USD 97.48, or 2.07 per cent, to USD 4,803.33 per ounce, while silver was trading 6 per cent higher at USD 77.33 per ounce.
"Spot gold in the international markets surged on Wednesday after the announcement of a temporary ceasefire in the Iran war," Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said.
He added that commodities, bonds and equities rallied after crude oil prices crashed nearly 20 per cent on the ceasefire announcement, as a decline in energy rates will reduce interest rate hike chances by global central banks, including the US Federal Reserve.
Echoing similar sentiments, Kaynat Chainwala, AVP Commodity Research, Kotak Securities, said precious metal prices rose up to 7 per cent as the dollar slipped below 99 on US-Iran ceasefire relief, temporarily easing fears of prolonged energy supply shocks and the associated inflationary fallout.
The rally in bullion ran alongside a broader relief rally in global markets. Throughout the conflict, gold's traditional safe-haven appeal has been tempered by liquidity stress, as investors were compelled to liquidate bullion positions to cover losses elsewhere in their portfolios, she added.
"With the ceasefire conditional and compliance around the Strait of Hormuz still uncertain, any signs of a breach or collapse could quickly reverse sentiment and renew downside risk across precious metals," Chainwala said.
