INX Media case: ED opposes relief to Karti Chidambaram; top 10 developments

Delhi High Court’s Justice Indermeet Kaur recused herself from hearing Karti Chidambaram’s bail plea in the INX Media corruption case

Karti Chidambaram

The Enforcement Directorate on Tuesday approached the Supreme Court against the Delhi High Court order that granted relief to Karti Chidambaram, who was arrested by the Central Bureau of Investigation (CBI) in the INX Media corruption case, in the money laundering case registered against him.

The Delhi High Court on March 10 had restrained the central probe agency from arresting Karti Chidambaram till March 20.

Meanwhile, Delhi High Court Justice Indermeet Kaur recused from hearing Karti Chidambaram’s bail plea. The matter has now been referred to another Bench.

Karti Chidambaram, businessman and son of senior Congress leader P Chidambaram, has moved the Delhi High Court seeking bail in connection with the INX media case. The high court will hear his petition on March 13. Currently, Karti has been sent to judicial custody till March 25 in the INX Media Foreign Investment Promotion Board (FIPB) clearance case.

On Monday it was reported that the court refused Karti’s plea for a separate cell in the jail in view of threat perception, as during his father’s tenure as Union Home Minister, several terrorists were kept in Tihar jail. The court said that while the social status of the Chidambaram family could not be ignored, Karti could not be treated differently from the other accused persons.

“However, only keeping in view the fact of social status of accused and his father, he cannot be treated differently from other accused persons and cannot be allowed to be kept in separate prison. However, lock up in-charge and jail superintendent are directed to provide and ensure proper security and safety to accused during judicial custody, as per rules,” the court said.

Karti was arrested by the CBI on his return from the United Kingdom in connection with an FIR lodged on May 15 last year. The probe agency alleged irregularities in a Foreign Investment Promotion Board (FIPB) clearance given to a media house, INX Media, for receiving funds of about Rs 3.05 billion (Rs 305 crore) from overseas in 2007 when his father was the Union finance minister.

Initially, the CBI had alleged that Karti Chidambaram received Rs 1 million (Rs 10 lakh) as a bribe for facilitating the FIPB clearance to INX Media. It, however, later revised the figure to $1 million (about Rs 6.50 crore at the current exchange rate and Rs 4.50 crore in 2007). The fresh evidence in the case, which triggered Karti’s arrest, was based on a statement by Indrani Mukerjea, former director of INX Media (P) Ltd, who recorded it under Section 164 of the CrPC before a magistrate on February 17.

Here are the top 10 developments around the Karti Chidambaram INX Media corruption case:
1) ED moves SC against HC order giving relief to Karti: The Supreme Court will hear the ED’s plea against the Delhi High Court order on Karti Chidambaram in the money laundering case arising out of the INX Media matter on March 15.
On Tuesday, the Enforcement Directorate approached the apex court against the Delhi High Court order, which had granted relief to Karti Chidambaram.

Click here to read → INX Media case

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UP Investors’ Summit 2018: Jio to invest Rs 100-bn in 3 years, says Ambani

Mukesh Ambani also mentioned that Jio has already created over 40,000 direct and indirect jobs in Uttar PradeshReliance-industries

Reliance Jio will invest another Rs 100 billion in Uttar Pradesh over the next three years, Reliance Industries Limited Chairman Mukesh Ambani said here on Wednesday.

“Today I am happy to inform this audience that Jio is one of the largest investors in Uttar Pradesh with investments of over Rs 200 billion. Jio is providing the highest quality data at the lowest price in the world to over 20 million citizens of Uttar Pradesh,” Ambani said while addressing the Uttar Pradesh Investors’ Summit 2018.

ALSO READ: UP Investors Summit: Adani, Birla, Ambani lead Rs 4 trn investment promises

“I have come to Lucknow to assure the Prime Minister and the Chief Minister that Jio’s Digital Revolution is here to make the maximum contribution to UP’s development revolution,” he added.

ALSO READ: UP Investors Summit 2018: Bio-policy to double farm income by 2022, says PM

While talking about affordable handsets, JioPhone, Ambani said: “Jio will make available over 20 million JioPhones in UP within the next two months on a priority basis.”

He mentioned that Jio has already created over 40,000 direct and indirect jobs in the state. | Reliance Industries Stock Price

“Jio will establish a Centre for the Fourth Industrial Revolution within the campus of a reputed university in Uttar Pradesh,” Ambani added.ALSO READ: UP Investors Summit 2018: CM Adityanath signs 1,045 MoUs, worth Rs 4.2 trn

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UP Investors’ Summit: Jio to invest Rs 100 bn in 3 yrs, create 100,000 jobs

Jio’s digital revolution is here to make the maximum contribution to UP’s industrial revolution

Reliance-industries

Reliance Industries Chairman and Managing Director Mukesh Ambani on Wednesday committed to investing Rs. 100 billion in Uttar Pradesh over the next three years.

“Jio has invested Rs. 200 billion already in the state, and plans to invest another Rs. 100 billion over the next three years.

We aim to bring Jio to every village in state by the end of this year,” he said at the Uttar Pradesh Investors’ Summit here.

Furthermore, the top businessman stated that over 20 million Jio phones will be sanctioned and 100,000 new jobs would be created in Uttar Pradesh, which he said, was India’s “most popular state.” | Reliance Industries Share Price

“If UP gets up and running, nobody can stop India from being a global superpower. It is a key investment area for us, and hence, we would like to support development at every level,” he said.

He said that RIL has built world-class digital infrastructure all over India and UP which is the most populous state can soon enough be the Centre of the Fourth Industrial Revolution, within the visionary approach of the PM.

RIL has rebuilt the next generation digital communication services to help hospitals, schools, small, medium businesses grow.

Ambani also extended his commitment to developing the Centre’s Namami Gange project to clean River Ganga.

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Reliance can produce 10 mn Jio Phones in a year at its Tirupati plant

The government did not disclose the investments entailing these and other facilities proposed to be set by the company

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Reliance Group would set up an electronic manufacturing park in 150 acres at Tirupati in Andhra Pradesh. | Reliance Industries Stock Price

The park will have a mobile phone manufacturing plant that can produce 10 million Jio Phones per year besides other electronic product facilities, including that of television sets, batteries, set-top boxes among other things, the state government announced after a high level meeting between Reliance Group chairman Mukesh Ambani and chief minister N Chandrababu Naidu on Tuesday.

The government did not disclose the investments entailing these and other facilities proposed to be set by the company.

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Reliance will also set up citizen service centres (CSCs) across 5,000 villages in the state and these centers will make the government services available to the public at a most affordable cost, the government said.

The company will also establish a digital infrastructure, telecom and start-up ecosystem development center in 50 acres at Amaravati, a 150 mw solar power plant in Peddapuram.

Reliance Group chairman has flown to Vijayawada on Tuesday evening and met with chief minister N Chandrababu Naidu to discuss the company’s investment plans among other things.

During his visit, Ambani also visited the Real Time Governance (RTG) center, which was established by Naidu government in Amaravati secretariat complex.

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