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Congress leader D K Shivakumar’s 22-yr-old daughter appears before ED

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Shivakumar’s daughter Aishwarya is expected to be confronted with documents and statements made by her father with regard to a trip to Singapore in 2017.

NEW DELHI: Karnataka Congress leader D K Shivakumar’s daughter Aishwarya appeared before the Enforcement Directorate here on Thursday in connection with its money-laundering probe against him, officials said.

They said the 22-year-old management graduate will be questioned and her statement will be recorded under the Prevention of Money Laundering Act (PMLA).

She is also expected to be confronted with documents and statements made by Shivakumar with regard to a trip to Singapore he made with his daughter in 2017, the officials said.

Aishwarya is a trustee in an education trust floated by her father.

The trust, holding assets and businesses worth crores, operates a number of engineering and other colleges and Aishwarya is the main person behind them, they said.

The Congress leader and former Karnataka Cabinet minister was arrested by the ED on September 3 and is in the agency’s custody.

The central agency in September last year registered a money-laundering case against Shivakumar, Haumanthaiah, an employee at the Karnataka Bhavan in New Delhi, and others.

The criminal case was filed based on an Income Tax Department charge sheet filed against Shivakumar and others before a court in Bengaluru for alleged tax evasion and hawala dealings.

Alchemy 2019 Pre-Event Press Release | Management Conclave | SIBM Bengaluru

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Greetings from Symbiosis Institute of Business Management, Bengaluru!

Bengaluru, 11th September, 2019: Symbiosis Institute of Business Management (SIBM) Bengaluru will conduct its Annual Management Conclave – Alchemy 2019 – a two day event wherein eminent professionals from diverse industries will share a common platform to provide insights on the various current trends and issues prevailing in our country. 

This year, the Conclave is structured around the theme ‘India – From Vicious to Virtuous Cycle’. The theme talks about the journey of India evolving from an impoverished third world country to an emerging global superpower and the burning questions surrounding its business environment.

To discuss these issues, Alchemy 2019 is structured around a three-panel discussion format. Its constituents are:

1. Fading Synergies: Overcoming Economic Turbulences

2. Technology: The Coign of Vantage

3. Crossing the Chasm: Bridging the Corporate Gap 

It gives us immense pleasure to invite you to our event and we hope to see you at our campus. 

Date: 13th & 14th September, 2019

Time: 9:00 A.M. to 5:00 P.M.

Venue: #95/1, #95/2, Symbiosis Institute of Business Management (SIBM) Bengaluru, Electronic City Phase-1, Hosur Road, Bengaluru – 560100

Please find the following attachments with the mail:

1. Poster of Alchemy 2019

2. Press Release of Alchemy 2019

3. Invitation to Alchemy 2019

Rafael Nadal takes five-set US Open thriller for 19th Slam title

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Rafael Nadal takes five-set US Open thriller for 19th Slam title

New York: Rafael Nadal captured his 19th career Grand Slam title in thrilling fashion on Sunday by winning the US Open final, outlasting Russia’s Daniil Medvedev 7-5, 6-3, 5-7, 4-6, 6-4 to seize his fourth crown in New York.

The 33-year-old Spanish left-hander moved one shy of Roger Federer’s all-time men’s record 20 Grand Slam triumphs and became the second-oldest New York champion in the Open era after Ken Rosewall in 1970 at age 35.

“Has been one of the most emotional nights in my tennis career,” Nadal said.

World number two Nadal took the top prize of 3.85 million at Arthur Ashe Stadium and added to his US Open trophy haul from 2010, 2013 and 2017.

Nadal, who was in his fifth US Open championship match and 27th Grand Slam final, is the first man to claim five major titles after turning 30.

But it took a supreme effort from the Spanish maestro, who nearly became the first player to drop the final after leading by two sets since Ted Schroeder in 1949.

“This victory means a lot,” Nadal said.

“And the way it happened. It was hard to control the nerves. The nerves were so high after having the match almost under control.” Nadal, who rose to 22-12 in five-set matches, only lost once at a Slam when up two sets, to Italy’s Fabio Fognini in the 2015 US Open third round.

“I more or less had the match under control,” Nadal said.

“The way he was able to fight, to change the rhythm of the match, was incredible.”

At four hours and 50 minutes, the match finished four minutes short of equaling the longest final in US Open history from Mats Wilander’s 1988 win and Andy Murray’s 2012 title.

It was the second Slam title of the year for Nadal after taking his 12th French Open crown in June.

In addition to reaching the brink of Federer’s mark, Nadal moved one shy of the Open era record five US Open titles won by Federer, Jimmy Connors and Pete Sampras.

“A 19th Grand Slam title is something unbelievable, outrageous,” Medvedev said.

Nadal, who won his only prior meeting with Medvedev in last month’s Montreal final, stretched his win streak over Russians to 20 matches since losing to Nikolay Davydenko in the 2011 Doha semi-finals.

Fifth seed Medvedev, 23, would have been the youngest men’s Grand Slam champion since Juan Martin del Potro at the 2009 US Open.

Medvedev, who will rise to a career-best fourth in the rankings, was a champion at Cincinnati and runner-up at Montreal, Washington and the Open. “His summer was one of the best summers I ever saw,” Nadal said.

“People saw why he is already number four in the world.” Medvedev, who saw his career-best 12-match win streak snapped, would have been the first Russian to win a Grand Slam title since Marat Safin at the 2005 Australian Open and the first Russian to win the US Open since Safin in 2000.

– Electric fifth set –

On a knife’s edge at 5-5 in the third set, Medvedev reeled off eight of the last nine points to force a fourth, breaking Nadal in the 12th game with a backhand winner.

“To be honest in my mind, I was already thinking, ‘What do I say in the speech, it’s going to be in 20 minutes,” Medvedev said. “I was like I have to fight for every ball, and it went further but it didn’t go my way.” Nadal was broken in the 10th game of the fourth set to force a fifth when Medvedev blasted a sterling backhand return winner.

Nadal rescued three Medvedev break chances to hold in the second game of the fifth set, fired a backhand volley winner to break Medvedev in the fifth game and seized a 5-2 edge when Medvedev hit an overhead smash long. Serving for the match, Nadal was broken when umpire Ali Nili issued Nadal a time violation for his first serve and the Spaniard sent his second long, the crowd booing Nili for his call.

Nadal squandered two break and match points in the ninth game as the drama intensified. Again serving for the match, Nadal rescued a break point then hit a forehand drop volley for his third match point chance and Medvedev sent a forehand return long to end matters.

Nadal screamed and fell to the court on his back in joy and exhaustion.

Mangaluru: Bus driver fined Rs. 5000 for using phone while driving

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Mangaluru: A private Bus driver on Saturday was fined with a whooping sum of Rs.5000/- for using phone while driving here at Jokatte Cross in Mangalore.

As the Mangaluru North Police were checking vehicle at Jokatte cross on Saturday night, the private bus driver was caught while he was speaking on the phone with someone.

Soon a penalty of Rs.5000/- was issued against him for using the phone while driving.

As the Amendments to the Motor Vehicle Act has been made, it was brought into effect at Mangaluru on Saturday. However the officials clarified not to worry about the challans if people are carrying valid document

Passenger falls sick onboard Chennai-Kolkata flight, later dies

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Passenger falls sick onboard Chennai-Kolkata flight, later dies

Bhubaneswar/New Delhi: A SpiceJet flight on way from Chennai to Kolkata had to be diverted to Bhubaneswar on Sunday after a 48-year-old passenger fell sick, officials said, adding that he later died.

Ashok Kumar Sharma complained of breathing problem soon after SpiceJet flight SG-623, a Boeing 737-800 aircraft, took off from Chennai and a medical emergency was declared, the officials said.

The pilot requested for an ambulance and a doctor on arrival which was made available, a SpiceJet spokesperson said. He was taken to a medical room at the airport soon after the plane landed, Bhubaneswar Airport Director S C Hota said.

Sharma was then rushed to a private hospital where doctors declared him brought dead, he said. The body has been sent to the Capital Hospital for postmortem.

Cops, firemen thwart suicidal woman’s bid to jump from flat

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Cops, firemen thwart suicidal woman's bid to jump from flat

Mumbai:  A 46-year-old mentally disturbed woman, who threatened to commit suicide by jumping from her eighth floor flat in suburban Andheri, was rescued by police and fire brigade personnel, an official said on Sunday.

She had earlier also tried to end her life, he said.

The woman locked herself in the house, located at Sai Krupa Society in Gundavali area, along with her 18-year-old son in the early hours of Saturday.

“When her son tried to open the door, the woman threatened to jump off the balcony of the flat. Their neighbours gathered on hearing the commotion. Her son alerted some relatives who in turn informed the police,” he said.

A police team from Andheri led by inspector Balwant Deshmukh then rushed to the spot and started talking to the woman to persuade her against the move as well as to distract her, while they tried to rescue her with the help of the fire brigade, senior police inspector Rajesh Kale said.

“While the police engaged her in talks, a fire brigade personnel broke open the door, allowing our staff to rush in and pin her down,” he said.

After being rescued, the woman was taken to a nearby hospital, he said, adding that she was mentally unstable and undergoing treatment.

Kale said according to the woman’s relatives, she had tried to commit suicide earlier also.

“She is from a well off family and has been staying in the building since last few years,” he said. “To save her life at any cost was our priority and we did that,” Kale added.

ED files money laundering case against Rolls Royce, others

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New Delhi: The ED has filed a criminal case to probe money laundering charges in an alleged corruption case involving London-based Rolls Royce that is said to have made a payment of over Rs 77 crore as commission to an agent to win contracts from PSUs HAL, ONGC and GAIL during 2007-11, officials said on Sunday.

The Enforcement Directorate (ED) has booked the case under provisions of the Prevention of Money Laundering Act (PMLA) after going through a Central Bureau of Investigation (CBI) FIR, which was registered in the case in July this year, they said.

Rolls Royce and its Indian subsidiary, Singapore-based Ashok Patni and his company Aashmore Pvt Ltd, and Mumbai-based Turbotech Energy Services International Pvt Ltd, besides unidentified officials of public sector units (PSUs) Hindustan Aeronautics Limited (HAL), Oil and Natural Gas Corporation (ONGC) and GAIL were booked by the CBI for criminal conspiracy and bribery.

The CBI complaint alleged that the total business of HAL with Rolls Royce was around Rs 4,700 crore between 2000 to 2013.

It is alleged that Rolls Royce paid Rs 18 crore to Patni as “commercial advisor” in the 100 supply orders of Avon and Allison engines’ spare parts to HAL between 2007-11, the bureau’s FIR stated.

The CBI action came after a five-year-long inquiry conducted by it. The inquiry was initiated on the basis of a complaint from the defence ministry that had received a letter about the engagement of Patni and his company by Rolls Royce.

The ED will probe if these alleged corrupt practices led to the generation of slush funds which were laundered to create personal assets, the officials said.

It will also investigate if the integrity pact was violated and kick backs were generated, they said.

Rollys Royce, after registration of the CBI case, had said it will not tolerate business misconduct of any sort and it is committed to maintain high ethical standards.

“No one currently working for Rolls-Royce in India played any part in these energy deals.

“India is an important market for Rolls-Royce and the company has a valued workforce of skilled people in the country,” a company spokesperson had said.

The CBI has charged that Patni was also engaged in direct contracts of Rolls Royce with ONGC and GAIL for the supply of spare parts.

Although contracts with ONGC and GAIL allowed services of an agent but it was mandatory to declare the name at the time of bidding, a condition violated by Rolls Royce, it said.

The company declared the name of its agent to the oil and gas sector behemoths in 2013, CBI alleged.

It is alleged that Roll Royce paid Rs 29.81 crore in 73 purchase orders from 2007 to 2011 for procurement of material and spare parts pertaining to the engines for ONGC, but the company declared it in 2013, it said.

Roll Royce also paid one million British pounds with regard to 68 purchase orders from GAIL for spare parts from 2007 to 2010, it said.

The company entered in an arrangement with Turbotech Energy Services International Pvt Ltd and another company, Infinity, also owned by Patni, to which extra commission was paid, but not declared to GAIL, the CBI said.

The total commission paid by Rolls Royce comes to the tune of Rs 28.09 crore during the period 2007-10 for supplies to GAIL, it alleged.

There was an alleged conspiracy by Rolls Royce Plc and its subsidiary Rolls Royce India Pvt Ltd to misrepresent the facts before HAL regarding the engagement of the agent in order to win contracts with the public sector unit with “deception”, it said.

The Indian Marine Gas Turbine unit of the HAL provides support in areas of inspection, spare parts, maintenance, equipment overhaul and assembly for industrial and marine gas turbines under licence from reputed manufactures.

The unit provides overhaul and repair of Avon and Allison engines for ONGC and GAIL for which spare parts are supplied by the energy division of Rolls Royce, it said.

The contract between Rolls Royce Power Engineering Plc and HAL was signed in June 2007, which was valid till December 2011, to provide maintenance, repair and overhaul services for units owned by the GAIL and ONGC under above licence from Rolls Royce.

“The purchase order condition specifically mentioned that Rolls Royce is not supposed to appoint any agent in India to promote this contract and no commission is payable to such agent,” the CBI FIR has alleged.

It is alleged that Rolls Royce violated the condition of purchase order and integrity pact by engaging Patni and his company as commercial advisor from 2007 to 2011, and paid a commission ranging from 10 per cent to 11.3 per cent for supply of spare parts for the Avon and Allison engines.

The commission amount comes to the tune of Rs 18.32 crore during the period from 2007 to 2011 for the 100 purchase order, the CBI FIR alleged.

Chandrayaan-2 setback won’t affect future missions: Karnataka Governor

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Chandrayaan-2 setback won't affect future missions: Karnataka Governor

Vadodara: Karnataka Governor Vajubhai Vala said the lander setback in the Chandrayaan-2 project will not have any effect on future space missions of the country.

Speaking late Saturday night here, he said the country was proud of its scientists and stood solidly behind the Indian Space Research Organisation.

In the early hours of Saturday, the Vikram lander module of Chandrayaan-2 had lost communication with ground stations, just 2.1 km from the lunar surface during its final descent.

On Sunday, ISRO chairman K Sivan said the lander had been located on the lunar surface, adding that “it must have been a hard landing”.

Govt mum after ‘ruining economy’: Priyanka Gandhi

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Govt mum after 'ruining economy': Priyanka Gandhi

New Delhi: Congress general secretary Priyanka Gandhi Vadra on Sunday said the Modi government is mum after “ruining the economy” and alleged that it is trying to hide the grim situation in the country.

Her attack came as the Modi government completed 100 days in office in its second term.

“The government is mum after ruining the economy. The companies are in danger, while trade is in doldrums,” Priyanka Gandhi said in a tweet in Hindi.

“Through drama, deceit, lies, and propaganda, they are trying to hide the country’s grim situation,” she said, using the hashtag ‘100DaysNoVikas’ (100 days, no development).

Congratulations to Modi govt on 100 days of ‘no development’: Rahul Gandhi

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Congratulations to Modi govt on 100 days of 'no development': Rahul Gandhi

New Delhi: Taking a dig at the Modi government, Congress leader Rahul Gandhi on Sunday “congratulated” it on 100 days of “no development”.

He alleged that there was a glaring lack of leadership, direction and plans to turnaround the “ravaged economy”.

The NDA government led by Prime Minister Narendra Modi completed 100 days after coming to power for a second consecutive term with a massive mandate.

“Congratulations to the Modi govt on #100DaysNoVikas, the continued subversion of democracy, a firmer stranglehold on a submissive media to drown out criticism and a glaring lack of leadership, direction & plans where it’s needed the most – to turnaround our ravaged economy,” Gandhi said in a tweet.

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