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Major News and Events of 16 March 2013

What Happened on 16 March 2013


Stockbroker arrested on cheating former CIl chief of Rs.5 crore

A 48-year-old stockbroker got arrested on the charges of cheating a former chairman of Coal India Limited (CIL) of Rs.5 crore that was his life savings by way of illegal transfer of his shares. The accused by the name of Sandeep Sehgal - was handling the accounts of the late G.L. Tandon, former chairman of CIL. Tandon had invested Rs.5 crore in the stock market on Sehgal’s assurance of a 300 percent return. As per the police, Tandon got suspicious when he did not receive any returns till 2008 though he had invested in 2005, and then he contacted Sehgal. Sehgal again sent letters of assurance on a forged letterhead of his employer at the time, Apollo Sindhuri Investment Ltd. Tandon passed away in August 2012 and then his family came to know about the issue and recorded a complaint with the police. FIR was filed in November 2012, and Sehgal got arrested on Thursday from his home in south Delhi's Greater Kailash II.

Banks exposed in alleged money laundering order probe

HDFC Bank stated on Saturday that Deloitte Touche Tohmatsu will be doing an independent forensic inquiry into charges of money laundering against it by an investigative news web site, as a conclusion of its sting operation over five months. On the other hand ICICI Bank suspended 18 officials while Axix Bank, the third private bank whose name was in the list informed that an internal probe will be done. The Reserve Bank of India (RBI) and the finance ministry will also do independent investigations into the allegations. HDFC Bank has also roped in Amarchand and Mangaldas, and Suresh A Shroff and Company to analyze breaches if any in its code of conduct and ethical standards by any official. Cobrapost on Thursday had released the expose, while also specifying the nature of the alleged racket in a press conference.

Saina reaches semifinal of Swiss Open

Two-time defending champion Saina Nehwal reached the women's singles semifinals of the $125,000 Swiss Open Grand Prix Gold here at St. Jakobshalle on Friday. The top seed won over the sixth seed Tzu Ying Tai in straight games in the quarterfinal of the tier three tournament, 21-11, 21-12 in half hour. This makes her tally with Tzu 5-2. Saina had an edge over her and did not allow her to settle down. Saina will next meet World No.7 Shixian Wang of China in the semifinals. Saina, with a 4-1 head-to-head against the fourth seed, recently won over Shixian in a thrilling three game match in the quarterfinals of the All England Open Badminton Championships in Birmingham last week.

Yet to meet Salman for 'Kick': Chetan Bhagat

Chetan Bhagat, who is the screenplay-writer for "Kick", is not happy with the reports which claim that Salman Khan has "rejected" his script. The author in fact stated he is yet to meet the actor.The rumour has surprised Bhagat. He said the script is not completed yet and he is working  with only Sajid Nadiadwala and his team on the script. Nadiadwala will begin shooting for "Kick" from June 1. The script which needs to be differentiated from the original 2009 Telugu film is in process. Bhagat specified it would be better if Nadiadwala clarified the issue. Salman is not interfering in the project this was specified by a source.

Airtel ordered to stop 3G services in 7 regions, fined Rs 350 crore

Bharti Airtel, the country's largest mobile phone company has been asked by the government to stop providing third-generation (3G) services in Kolkata, Maharashtra, Gujarat and four other regions by Monday. This is part of the drive to take action against companies who offer these services in areas where they do not have permits. Bharti moved the Delhi High Court on Friday against the telecom department (DoT) directive, and the case will be heard on Monday. DoT has also imposed a 350-crore penalty on Airtel for offering high-end data services in seven regions where it did not have 3G frequencies. Similar bans including penalties are in the offing for Vodafone and Idea Cellular too, but the time frame was not specified. Bharti Airtel, Vodafone and Idea got 3G airwaves in 13, nine and 11 circles, respectively, in the 2010 auctions. The companies then engaged into intra-circle roaming pacts with each other and utilized the airwaves of their partners in circles where they did not had spectrum themselves. This let them to offer high-speed data services on a pan-India basis but the roaming pacts are illegal as per the government.Airtel was told to stop 3G services in 7 regions, and was slapped Rs 350 crore fine

Swiss woman gangraped by 8 persons in Madhya Pradesh

Eight unidentified men gangraped a Swiss woman late last night in Datia district of Madhya Pradesh. The incident happened when the woman along with her husband was on a bicycle tour of the region. This was informed by the Datia SP, C S Solanki. The couple had set up camp at a place when they returned from Orchha and were en-route to Agra when they were looted and the victim was allegedly gangraped in her husband’s presence as per the police. The woman was taken to Kamalaraje hospital in Gwalior and her medical tests have confirmed she was raped. Eight persons on the basis of suspicion are being interrogated in connection with the case. Police also stated that they were searching the forest area for those involved in the crime.




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