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Assam: State Govt Receives 115 Cr From Numaligarh Refinery As Part Of Interim Dividend

Government of Assam

The Assam government has received Rs 114.76 crore as part of the first interim dividend for the current financial year 2022-23 from Numaligarh Refinery for its stake in the state-owned refiner.

Dispur: The Assam government has received Rs 114.76 crore as part of the first interim dividend for the current financial year 2022-23 from Numaligarh Refinery for its stake in the state-owned refiner.

The dividend cheque was handed over to Chief Minister Himanta Biswa Sarma by Oil Indiaโ€™s CMD and NRL Chairman Ranjit Rath in the presence of Union MoS Petroleum and Natural Gas Rameswar Teli. The state government in May 2021 increased its stake in the refinery from 12.35 per cent to 26 per cent. The additional stake costs the stateโ€™s exchequer Rs 2,187, which was by far the highest ever investment by the state government in any PSUs.

โ€œHappy to receive a cheque of Rs114.76 cr from OilIndiaLimited CMD and NRL Chairman Shri Ranjit Rath in the presence of Hon Union MoS Petroleum and Natural Gas Shri Rameswar Teli, as 1st Interim Dividend for 2022-23 to Govt of Assam for its 26 per cent stake in NRL,โ€ Sarma tweeted.

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โ€œSince its inception, NRL has been playing a prominent role in the growth and development of Assam. On behalf of the people of our state, I extend my best wishes to NRL for scaling newer heights of glory and achievements in the years to come,โ€ the Chief Minister in another tweet said.

NRL is a public sector oil company which operates a 3 MMTPA Refinery in Assamโ€™s Golaghat district. NRL is under the administrative control of the Union Ministry of Petroleum.

NRL is the largest among the four refineries operating in Assam and contributes immensely to Assamโ€™s overall economic development.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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Delhi Court defers Delhi Minister Satyender Jainโ€™s bail plea till tomorrow

ANI
Satyender Jain

New Delhi: The CBI Court at Rouse Avenue on Wednesday deferred for tomorrow the pronouncement of the order on bail petitions of Delhi Minister Satyender Jain, two others in the Money Laundering case.

Enforcement Directorate (ED) arrested Satyender Jain on May 30. Special CBI Judge Vikas Dhull on Wednesday said, the order copy is not ready for all three accused. It will take some time. Will pass the order tomorrow 2 pm.

The Court on November 11, had kept the order reserved after the conclusion of arguments from all sides.

During arguments, it was submitted on behalf of Jain that the investigation related to the applicant has been completed and a charge sheet has been filed. No case of money laundering is made out against the applicant.

Senior advocates N. Hariharan and Rahul Mehra submitted that it is alleged that a conspiracy for money laundering was hatched in 2010. At the time neither Jain was an MLA nor a Minister. So how could he hatch a conspiracy for money laundering?

It was also submitted that as per the charge sheet the other accused have admitted that the money allegedly laundered belongs to them. Jain has nothing to do with the companies in question.

On the other hand, the bail plea was opposed by the ASG for ED. The ASG S V Raju submitted that there are witnesses and materials sufficient to make out a case of money laundering against the accused.

ASG submitted that the accused was involved in money laundering with other accused. He sent money to Kolkata-based companies and that money belong to Jain. He is the conspirator and kingpin.

ED also raised the issue of special treatment given to Satyender Jain in the Tihar Jail. Special food is being provided to him and getting massages from unknown people. Most of the time he is either in the hospital or in jail enjoying these facilities, said the ED.

The enforcement agency has alleged that the companies which were โ€œbeneficially owned and controlledโ€ by Jain had received accommodation entries amounting to Rs 4.81 crore from the shell companies against cash transferred to Kolkata-based entry operators through a hawala route.

The ED case is based on a Central Bureau of Investigation (CBI) complaint registered on the allegation that Satyender Jain had acquired movable properties in the name of various persons from February 14, 2015, to May 31, 2017, which he could not satisfactorily account for.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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