CORRUPTION REPORT
Tamil Nadu govt launches probe into coal import scam allegedly involving Adani group
Tamil Nadu govt authorizes DVAC probe into multi-crore coal import scam involving Adani group, focusing on irregularities in tender conditions by Tangedco. Investigation initiated due to alleged substantial losses, complaint by Arappor Iyakkam under Section 17A. DVAC acts under Prevention of Corruption Act based on complaint by private body. Clearance granted for inquiry into corruption allegations, sanctions under Prevention of Corruption Act.
BJP accuses Karnataka CM Siddaramaiah’s family of accepting 14 pricey plots illegally alloted in Mysuru
In a sensational turn of events, the controversy escalates as revelations surface about gifted land, MUDA's involvement in plot cancellations, and the ongoing investigation into the Mysore Urban Development Authority's actions. The plot compensation scheme, CBI investigation demands, and the 50:50 ratio basis for awarding plots to landowners add fuel to the political firestorm surrounding Chief Minister Siddaramaiah and his family.
Hedge fund’s secret Adani short revealed in blow-by-blow account
A short-seller's report targeting Adani Group led to a $153 bn market value drop. The investigation involved a hedge fund, regulator, and a big Indian bank. US regulators scrutinized hedge fund collaborations and short-selling's impact on market efficiency.
Hedge fund’s secret Adani short revealed in blow-by-blow account
The short-selling scandal involving Hindenburg Research, Adani Group, and Sebi triggered regulatory scrutiny and a US Justice Department probe. The scandal emphasized the importance of market efficiency amidst fraud allegations and regulatory actions.
Another bridge collapses in Bihar, 5th incident in 11 days
The under-construction bridge over Bhutahi river follows a collapse in Kishanganj due to heavy rainfall. Previous collapses in Araria and Siwan have raised infrastructure quality concerns. Although no injuries were reported, these incidents fuel political tensions, with the Congress party criticizing the BJP-led government for poor infrastructure.
With a corrupt military, can China's Xi Jinping wage and win a war?
Despite Xi Jinping's efforts to strengthen China's military, internal corruption and challenges in military modernization hinder the country's ambitions for global dominance. The ongoing anti-corruption campaign and concerns over military capabilities pose significant obstacles in Xi's quest for establishing a 'world-class' military.
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Chinese Communist Party expels two ex-defence ministers on corruption charges
The Chinese Communist Party has expelled two former defense ministers, Li Shangfu and Wei Fenghe, in an anti-corruption crackdown. This move follows Li's disappearance last year and comes amid rising tensions between China and the United States over Taiwan.
In a first, two ex-Chinese defence ministers to be tried for corruption; Expelled from Communist Party
Li, who went missing last year following an investigation into alleged corrupt practices, was expelled from the party on Thursday for serious violation of Party discipline and the law, the state-run Xinhua news agency reported. A similar announcement said Wei too was expelled from the party and to be prosecuted. Wei served as Defence Minister from 2018-23 and Li barely served a few months as his successor.
Whole system trying to ensure Delhi CM doesn't get bail, this is dictatorship: Sunita Kejriwal
Delhi Chief Minister Arvind Kejriwal's wife, Sunita, on Wednesday alleged that the entire system was working to ensure Kejriwal does not get out of jail. She stressed that these actions resembled a "dictatorship" and "emergency." The Aam Aadmi Party (AAP) claimed that when there was a chance of Kejriwal securing bail from the Supreme Court in a money laundering case, the BJP responded by having him arrested by the CBI in what the party called a "fake case."
FATF session begins today, India review also to be taken up
According to officials, the last mutual evaluation was conducted in 2009 and was delayed due to the Covid-19 pandemic. According to FATF, the international policy making body conducts mutual evaluations of its member countries by evaluating levels of implementation of the FATF recommendations.
NEET-UG Paper Leak case: CBI seizes burnt papers, electronic devices from Bihar Police
The Central Bureau of Investigation (CBI) has taken charge of the NEET-UG 2024 paper leak investigation, gathering key evidence from Bihar police. With 18 arrests made, including prime suspect Sikandar Yadavendu, the probe reveals a web of corruption affecting students nationwide. Student unions protest against the examination corruption, demanding the resignation of the Union Education Minister. The investigation intensifies as political leaders call for reform and accountability.
Xi continues his drive to purify the PLA and instill loyalty
Xi is heavily involved in military appointments and promotions, supposedly of candidates who are reliable, competent and loyal. Yet with so much cash being splashed around in ever-increasing defence budgets, some high-up officers in the PLA have seized the opportunity to profit personally.
View: Some suggestions for systemic improvements to minimise, or stop, future NEET-NET-type leaks
Recent events have put the National Testing Agency (NTA) under scrutiny due to the leakage of the NEET-UG test paper, impacting admission to medical colleges. With over 2 million students taking the NEET exam annually for around 1 lakh competitive seats, the stakes are high for career-defining opportunities.
Jessica Alba returns to acting after 5 years with Netflix's 'Trigger Warning', unleashes Rambo within her
Netflix's action-thriller film 'Trigger Warning' is important for Jessica Alba because she made a return to acting after 2019’s 'Killers Anonymous'.
Arvind Kejriwal’s absence affecting policy decisions, welfare measures? All you need to know
Several important initiatives are stalled, including the appointment of a new minister to replace Raaj Kumar Anand, who resigned ahead of the Lok Sabha polls; the Mukhyamantri Mahila Samman Yojana, which provides Rs 1,000 per month to women over 18; revisions to dearness allowance in minimum wages; and policies for the maintenance and strengthening of Delhi’s arterial roads. Proposals for modernising Delhi, such as cloud kitchens, food trucks, Dilli Bazaar, start-ups, and industrial and economic development policies, also await approval.
It's time for GoI to expose biased global rankings & create honest indices in India
India's falling rankings in global indices, such as the Global Gender Gap index and Corruption Perceptions Index, raise concerns despite its rapid progress in digitalisation. The country's low rankings in various global indices, including the UN's e-Government Development Index and International Telecommunication Union's ICT Development Index, highlight a disconnect between its economic growth and global recognition.
Gujarat Congress alleges GIDC land 'scam' in Bharuch; baseless, says BJP govt
The Gujarat Congress accused the state government of corruption in land allocation at two GIDC estates in Bharuch, claiming a scam worth Rs 2,000 crore. Congress leader Shaktisinh Gohil demanded an explanation from the BJP government, alleging plots were allotted at low rates without public auction, causing a massive loss to the state exchequer. The government refuted the allegations, stating the decision to reverse the estates' saturation status was made after industry bodies represented adequate unsold land, ensuring a transparent process in land allocation.
Bribe in EMIs! Corrupt Gujarat babus ‘with a heart’ now accepting bribe in installments
Gujarat government officials adopt a disturbing tactic, allowing citizens to pay bribes in installments, easing financial strain. Dubbed 'empathetically corrupt,' this method surfaces amidst reports of hefty bribes demanded, including a Rs 21 lakh demand split into nine EMIs. Cases like these highlight systemic corruption, prompting calls for stringent action. Reports indicate a surge in such incidents, emphasizing the need for immediate intervention.
Delhi excise case: Over Rs 1,100 crore laundered, alleges ED in supplementary charge sheet
A Delhi court on Monday extended till July 3 the judicial custody of BRS leader K Kavitha in a money laundering case linked to the alleged excise scam. Special Judge Kaveri Baweja extended the custody after Kavitha was produced before the court in pursuance of its earlier order issuing a production warrant against her.
Pakistan court acquits Imran Khan in two vandalism cases during a protest march in 2022
A Pakistani court on Monday acquitted jailed former prime minister Imran Khan and other top leaders of his party in two cases related to vandalism during a protest march in 2022 following his arrest in an alleged corruption case. The 71-year-old Pakistan Tehreek-e-Insaf (PTI) party founder has been in jail since August last year after being convicted in some of the nearly 200 cases slapped on him since his ouster in April 2022.
West Bengal Governor C V Ananda Bose directs CM Mamata Banerjee to submit comprehensive report on scams
Referring to a provision of the Constitution, Bose said the chief minister of every state has to communicate with their respective governors all decisions of the council of ministers relating to the administration of the affairs of the state and proposals for legislation.
Former banker in China sentenced to death for taking bribes
Former banker sentenced to death for accepting bribes at China Huarong International Holdings amid President Xi Jinping's anti-corruption drive.
Adani Group wants a slice of India's payments and e-commerce pie: Report
India's Adani Group is seeking a licence to operate on the public digital payments network and is in talks with banks for a co-branded credit card. The conglomerate also plans to offer online shopping via the govt-backed Open Network for Digital Commerce (ONDC), according to the Financial Times.
Chatter doesn't matter: Has Adani been able to firewall himself?
Adani Group faced a tumultuous period after allegations by Hindenburg Research, but quickly recovered and regained market value. Recent accusations regarding a coal deal and ethical concerns have failed to impact the group's stocks significantly. Investors seem impervious to negative chatter as the group continues its growth journey.
Adani Enterprises shares finally get rid of Hindenburg's ugly scar, surge 3x in 16 months
Shares of Gautam Adani's flagship entity, Adani Enterprises, have recovered from losses post the Hindenburg report, with a 23% jump in 2 weeks. The stock is close to its all-time peak and is set to enter the Sensex index.
Financial Times report against Adani Group is just for noise: Cantor Fitzgerald
Cantor Fitzgerald dismisses recent Financial Times report on Adani Group as market noise, indicating investors' confidence remains intact. Adani Enterprises' shares surged 8.2% following the allegations, marking a tenth consecutive day of market capitalization gains. Adani Group refuted the accusations, citing contractual obligations and rigorous testing processes, while Cantor highlighted discrepancies in the FT report's sources and noted India's growth trajectory as favorable for Adani Enterprises despite controversies.
Adani group m-cap regains $200 bn-mark as company rebuts coal invoicing allegations
While Adani group denied all allegations, the news report was cited by opposition leaders including former Congress president Rahul Gandhi to demand a probe by a joint parliamentary committee into the alleged wrongdoing.
Non-recovery of cash can't be proof there wasn't corruption, says HC while denying bail to Manish Sisodia
Justice Swarana Kanta Sharma dismissed the bail pleas filed by the former Delhi deputy chief minister in the corruption and money laundering cases lodged by the CBI and ED, respectively, in connection with the alleged liquor scam.
JPC will be set up within one month of INDIA bloc govt formation to probe 'Adani scam': Congress
Congress attacked the Modi government over reports of Adani Group's alleged coal quality manipulation, calling it a "huge coal scam". Rahul Gandhi accused Adani of profiting from low-grade coal sold at inflated prices, promising a JPC probe within a month of an INDIA bloc government taking office. Adani denied allegations.
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