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CBI vs CBI: Alok Verma submits his response to CVC findings on corruption charges against him

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Alok Verma had approached the apex court challenging the Centre’s decision to divest him of his duties and sending him on leave following his feud with Special CBI Director Rakesh Asthana.

 

New Delhi| CBI Director Alok Kumar Verma filed his response Monday to the findings of the CVC’s preliminary probe report on corruption charges against him in a sealed cover in the Supreme Court after he was told to do so “as quickly as possible” as the scheduled Tuesday hearing on his plea would not be deferred.

Verma, who was asked to file his response to the Central Vigilance Commission’s (CVC) report in a sealed cover by Monday 1 pm, sought some more time from the bench headed by Chief Justice Ranjan Gogoi for filing his reply with the secretary general of the apex court around 12.40 pm.

“We are not shifting the date (of hearing). You file it as quickly as possible as we will have to read it,” the bench, also comprising justices S K Kaul and K M Joseph told Verma’s lawyer Gopal Sankaranarayanan.

“Even though we sought a little time from the court, Verma’s reply was filed with the secretary general at 1 pm,” the lawyer told PTI.

Verma’s reply will deal with the CVC report, which was categorised into four parts by the apex court as “complimentary, very complimentary, not so complimentary and very uncomplimentary” for the CBI director.

The apex court, on November 16, had directed Verma, Attorney General K K Venugopal and Solicitor General Tushar Mehta, who were also supplied with the confidential report of the CVC, to maintain secrecy, saying it was needed to ensure people’s faith in the Central Bureau of Investigation (CBI) as an institution.

Earlier, the apex court had said the CVC had made some “very uncomplimentary” findings in its probe on corruption allegations against Verma and wanted further investigations into some of the charges which required more time, adding that there were also some “very complimentary” conclusions.

Summing up the “exhaustive” confidential report of the CVC given to it, the court ordered that a copy of it, along with the annexure, be given to Verma in a sealed cover.

Alok Verma had approached the apex court challenging the Centre’s decision to divest him of his duties and sending him on leave following his feud with Special CBI Director Rakesh Asthana, who has levelled corruption allegations against him.

Asthana has also been divested of his duties and sent on leave.

Pursuant to the top court’s order, the CVC’s inquiry against Alok Verma was conducted under the supervision of former apex court judge Justice A K Patnaik and the report was filed in the court on November 12.

Besides Verma’s plea, the court is also seized of a PIL filed by NGO Common Cause, which has sought a probe by a special investigation team against CBI officers.

Besides, it had barred the interim CBI chief, Nageshwar Rao, from taking any major policy decision, but granted him the liberty to perform the routine tasks that were essential to keep the CBI functional.

On November 4, Congress leader Mallikarjun Kharge had also moved the top court contending that divesting Alok Verma of his statutory powers and functions was “completely illegal and arbitrary”.

In an interlocutory application filed in the pending petition, Kharge, who is part of the three-member selection committee that appoints the CBI director, said “as a concerned stakeholder”, he brought to the attention of the court the “brazen and illegal actions” of the political executive in interfering with the independent functioning of the CBI director.

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Hasmukh Adhia rumoured to be the next RBI governor: sources

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Hasmukh Adhia

New Delhi | After the resignation of Reserve Bank of India governor Urjit Patel on Monday, former Finance Secretary Hasmukh Adhia is rumoured to be the next RBI governor, as per unconfirmed sources.

Adhia, a 1981-batch Gujarat cadre officer of the Indian Administrative Services (IAS), served as a secretary in the Department of Financial Services after Narendra Modi became the Prime Minister.  A close of aide of  PM Narendra Modi and Arun Jailtley retired on November 30 this year.

Adhia also served as the Union Revenue Secretary and Union Financial Services Secretary, in the Union Government which makes his case stronger for the post of the RBI governor.

Earlier Urjit Patel on Monday resigned from the post of Reserve Bank of India (RBI) governor. Patel’s three year team was to end in September 2019. Patel is also the first RBI governor to resign since 1990.

Submitting his resignation, Urjit Patel cited personal reasons and stepped down with immediate effect. He said, “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years,” Urjit Patel said in a statement. “The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future,” he added.

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Breaking: Vijay Mallya to be extradited to India

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Vijay Mallya

London | In what could be termed as end of the party for the king of good time, Liqour baron Vijay Mallya to be extradited to India as the London court gives its nod for the same

London’s Westminster Magistrates Court orders the extradition of Vijay Mallya to India. The Court has further referred the matter of extradition of Vijay Mallya to India to the Secretary of State. The Central beaurue of Investigation has welcomed the decision of the London’s court. Chief Magistrate Judge Emma Arbuthnot announcing the order stated that he found prima facie a case against Vijay Mallya for fraud, conspiracy and money laundering.

Speaking on the extradition CBI said,”We hope to bring him soon and conclude the case. CBI has its own inherent strengths. We worked hard on this case. We are strong on Law and facts and we were confident while pursuing extradition process.”

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Urjit Patel resigns from RBI governor’s post

Anil Rajpurohit

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Urjit Patel

New Delhi | Urjit Patel on Monday resigned from the post of Reserve Bank of India (RBI) governor. Patel’s three year team was to end in September 2019. Patel is also the first RBI governor to resign since 1990.

Submitting his resignation, Urjit Patel cited personal reasons and stepped down with immediate effect. He said, “On account of personal reasons, I have decided to step down from my current position effective immediately. It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years,” Urjit Patel said in a statement. “The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future,” he added.

RBI Governor Urjit Patel earlier appeared before a parliamentary panel to brief on demonetisation and NPA situation in the public sector banks, among other issues. The RBI Governor appeared before the panel days after the central bank’s face-off with the finance ministry over issues ranging from appropriate size of reserves to be maintained by RBI to easing of lending norms for small and medium enterprises.

Business Editor of HW Business and Finance Akhilesh Bhargav states it is not only the failure of the finance ministry but the board of the Reserve Bank of India.

Urjit Patel who was appointed as the 24th Governor of the Reserve Bank of India (RBI) succeded Raghuram Rajan on 4 September 2016.

 

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