Probe Agency Order In Tech Mahindra Money Laundering Case, Set Aside

Probe Agency Order In Tech Mahindra Money Laundering Case, Set Aside

The agency provisionally attached the amount alleging that it was ill-gotten proceeds of Satyam Computers

Hyderabad: 

The Hyderabad High Court today set aside an Enforcement Directorate order provisionally attaching Rs. 822 crore worth of fixed deposits belonging to Satyam Computer Services Ltd, which was acquired by Tech Mahindra.

In 2012, the Enforcement Directorate (ED) had issued provisional attachment orders freezing fixed deposits of Satyam (now merged into Tech Mahindra) in connection with its probe in the money laundering case.

The agency provisionally attached the amount alleging that it was ill-gotten proceeds of Satyam Computers.

A bench of Justices V Ramasubramanian and J Uma Devi today set aside the ED’s orders.

Vivek Reddy, counsel for Tech Mahindra, told PTI they argued that there was no money when the Tech Mahindra took over the fraud-hit Satyam Computer Services Ltd (SCCL) in 2009 and on the other hand, the Mahindra group company had to infuse money to revive the B Ramalinga Raju-founded company.

“Our argument was that there was no proceeds of money when Tech Mahindra (TechM) took over the company (SCSL). There was no money in the company then and they (TechM) had to infuse money into the company.

“So where is the question of any ill-gotten money when the company had negative balance?” he said.

P V P Suresh Kumar, representing the ED, said the agency might approach the Supreme Court challenging the high court’s order.

“One of the strongest grounds (for an appeal in the top court) was that the CBI special court had earlier convicted Ramalinga Raju and brothers.”

“In view of that conviction, it clearly shows that there was a contravention of the Money Laundering Act and IPC provisions. In such a situation, the attachment order passed by the Enforcement Directorate was valid and correct, according to the contravention,” Mr Kumar said.

“The ED will approach the Supreme Court after going through the order copy,” he said.

Earlier, a single bench judge had stayed all further proceedings pursuant to the ED’s attachment order.

Challenging the single judge order, the probe agency had filed a writ appeal before a division bench.

The bench had in 2014 issued orders dismissing the ED’s appeal, saying the act of the agency was contrary to rules.

Tech Mahindra argued that it was a victim of fraud and no proceedings could go under the provisions of the PMLA against “victims of fraud”.

The ED had attached the accounts of SCCL as its probe claimed to have found that B Ramalinga Raju and his associates “wrongfully” offloaded inflated shares of the company by way of sale or pledging of shares.

[“source-ndtv”]

Ryan School murder case: CBI questions Class 11 student, no evidence against bus conductor

Demonstrators protest outside Ryan International School in Gurgaon as they demand action against the school. File photo: PTI

Demonstrators protest outside Ryan International School in Gurgaon as they demand action against the school. File photo: PTI

New Delhi: A Class 11 student who allegedly wanted the parent-teacher meeting and exams to be postponed has been apprehended in connection with the killing of a seven-year-old boy in Gurgaon’s Ryan International School, the Central Bureau of Investigation (CBI) said on Wednesday.

In a sensational twist to the case, the high school student, who is about 16 years old, was apprehended late last night for allegedly killing his junior inside the school, said a CBI spokesperson.

Pradyuman, a Class 2 student of the school, was found dead with his throat slit by a sharp-edged weapon on the morning of 8 September.

Officials in the agency said the crime was committed in just three to four minutes. The CBI has not found any evidence so far against bus conductor Ashok Kumar, who was the Gurgaon Police’s sole accused in the gruesome killing, CBI spokesperson Abhishek Dayal said.

The murder weapon, a knife, was found in the commode of the toilet where the killing allegedly took place, he said. It was the same knife seized by the Gurgaon Police.

According to the agency, the Class 11 student, believed to be weak in his studies, allegedly slit Pradyuman’s throat to get the school to declare a holiday in order to defer a scheduled parent-teacher meeting (PTM) and an examination.

The CBI spokesperson said the minor student was apprehended last night at 11.30 pm in accordance with the provisions of the Juvenile Justice Act. “His parents were kept in the loop and all measures in accordance with the JJ Act were complied with. He remains our prime suspect.”

He said the agency analysed CCTV footage, showing the movement of people in and out of the toilet, on the basis of which it narrowed the list of suspects. The agency has not found any evidence of sexual assault, he said.

The CBI was able to piece together elements of the crime by analysing CCTV footage, scientific and forensic examination, analysis of the crime scene and by questioning students, teachers and staff of the school.

Based on CCTV footage and crime scene analysis, the agency examined all potential suspects and witnesses. The list included 125 teachers and students, officials said.

Ryan Pinto, owner of the Ryan International School chain, is yet to be questioned in the case. “The probe is still on. The first task was to identify the killer. It was a tough case. By the time the case was given to us, many persons were allowed to use the bathroom. We are questioning the teenager only between 10am to 5pm as per JJ Act provisions,” said an official.

The mobile records of all the suspects were scrutinised and examined by the CBI’s special crime team. Although the Class 11 student had planned a killing on 8 September, the “child in conflict with law” had not identified his target, Dayal said. It was a coincidence that Pradyuman reached the toilet and became a victim of senior student’s ghastly plan, officials added.

The father of the high school student told a television channel that his son was innocent and they had been cooperating with the police from day one. “My son didn’t do anything. He informed the gardener and teachers after finding Pradyuman’s body. He stayed in the school the entire day, and appeared for the exam. There was not even a single spot of blood on my son’s clothes,” the father said, his face pixellated to avoid identification.

Giving details, he said Tuesday was the fourth time they were called. “I reached there around 11am… I left from there at 2am and CCTV footage can be seen for that,” he said.

The CBI’s findings will be a major embarrassment for the Gurgaon Police, which had blamed Ashok Kumar and alleged that he was waiting in the toilet with a knife. The police had formed 14 SIT teams.

Kumar, a resident of Ghamdoj village in Sohna, was hired by a school bus contractor around seven months before the killing. Villagers in Ghamdoj had said Kumar had been framed and he had no previous history of being involved in any crime. “Now that they have arrested this student, it is proof that the doubt we had about the police investigation was right,” Pradyuman’s father Varun Thakur told the media.

[“Source-livemint”]

Logitech Slim Combo Protective Case With Apple Pencil Holder Launched for New iPad Pro

Logitech Slim Combo Protective Case With Apple Pencil Holder Launched for New iPad Pro

HIGHLIGHTS

  • Logitech has just unveiled new Slim Combo cases for new iPad Pro models
  • It comes with detachable keypad and Apple Pencil holder
  • It is available at $129.99 for 10.5-inch & $149.99 for 12.9-inch versions

Apple, at its WWDC 2017 conference for developers on Monday, announced a slew of new devices along with a refreshed lineup of some old ones. It launched two new iPads – 10.5-inch iPad Pro and 12.9-inch iPad Pro at the keynote event. Following the launches, Logitech has announced new Slim Combo case that includes a protective cover and a detachable keyboard for the newly introduced iPads.

The Logitech Slim Combo is currently available in Black and Blue colour at Apple retail stores and online stores of both Logitech and Apple. The price for the 10.5-inch version is $129.99 (roughly Rs. 8,400) while the 12.9-inch variant costs $149.99 (roughly Rs. 9,700).

The Logitech Slim Combo is claimed to be a versatile case that will enable four use modes for the iPad Pro models – typing, viewing, FaceTime, and reading. This will be handy when you are on a go and want to send an email, draw a graph using Apple Pencil, and video call using FaceTime.

The backlit keyboard of the Slim Combo case is detachable, which means you can easily pull it off your iPad, and it connects to the iPad Pro through its Smart Connector while getting the juice from the iPad itself. This will save you from requiring to charge the case externally.

In addition, the Slim Combo case can be rotated within a 50-degree range that gives good viewing angles while also offering a 360-degree protection. The case also comes with an Apple Pencil holder so that you don’t lose it while carrying it in transit.

“In the past, you were bound to a workspace with a PC, and used your tablet for quick messages or entertainment when you weren’t in the office; that’s not the case anymore,” said Michele Hermann, vice president of mobility at Logitech, in the company’s release. He added, “To be a pro today, you need the power of the PC, but more easily available whether you’re on a train, at the park, in a meeting or wherever you need to be. The Slim Combo unleashes the power of iPad Pro to bring you the future of personal computing; a future that’s easier, faster and more fun.”

[“Source-ndtv”]

LG Wins Major Victory In Federal Counterfeit Wearables Case

Image result for lg products


ENGLEWOOD CLIFFS, N.J., Feb. 9, 2017 /PRNewswire/ — A U.S. federal court has awarded more than $168 million in damages, plus attorneys’ fees and interest to LG Electronics MobileComm USA in a case against 17 defendants found liable for manufacturing, distributing, trafficking and selling counterfeit and knockoff LG TONE headsets.

With this ruling, along with other judgments against various other defendants, LG has successfully slammed shut a sizable portion of counterfeits and knockoffs of its popular LG TONE headset line being sold in the United States. LG’s zero-tolerance stance against such infringing and counterfeiting activity is a key element of the company’s commitment to protecting both its loyal consumers and its valued authorized retailers against such fraudulent and deceptive practices.

The ruling in the U.S. District Court for the Southern District of California shows that LG’s ongoing targeted efforts against those engaging in such activities help assure they are brought to justice, according to Chang Ma, president of LG Electronics Mobile USA and head of the LG Electronics North American mobile business.

“Our customers must feel confident that they are purchasing genuine high-quality LG TONE headsets,” said Ma. “The LG TONE Bluetooth neckband headsets created a new product category, and these products remain category leaders. With such hard-earned success came freeloading counterfeiters and knockoff artists, who seek to dupe and confuse potential consumers into buying poorly performing, shoddy products under the false pretense that such goods are made or authorized by us,” he said.

Ma said LG spends great effort and time to ensure LG TONE headsets are sold and distributed through a dedicated network of authorized dealers and retailers. All genuine new LG products come with manufacturer product warranties and return policies.

“We strive to ensure that our customers have a favorable experience when buying LG TONE headsets through our trusted retailers and distributors,” Ma said. “These fine stores and outlets are likewise deserving of protection from counterfeits and knockoffs, because such illicit goods harm the very bedrock of their businesses, too. We share their frustration and anger.”

While LG does not disclose its specific policing plans, it promises to protect its consumers and retailers against illegal products. “While we can declare victory in this latest battle, we will remain vigilant. We will not let up; those who choose to make and peddle counterfeits, knockoffs and look-alikes can expect aggressive legal action,” Ma said.

LG also promises increased litigation against those selling “liquidated” LG TONE products that fail to truthfully disclose to consumers that such products are not “new,” are often damaged, refurnished or repaired, and not covered by LG’s warranties, product guaranties, and product return policies.

About LG Electronics MobileComm USA

LG Electronics MobileComm USA, based in Englewood Cliffs, N.J., is the U.S. sales subsidiary of LG Electronics, Inc. a global innovator and trend leader in the global mobile communications industry. LG is driving the evolution of mobile forward with its highly competitive core technologies in the areas of display, battery and camera optics and strategic partnerships with noted industry leaders. LG’s consumer-centric products – including the flagship premium V Series models – incorporate unique, ergonomic designs and intuitive UX features that enhance the user experience. The company remains committed to leading consumers into the era of convergence, maximizing inter-device connectivity between smartphones, tablets and a wide range of home and portable electronics products. For more information, please visit www.LG.com.

[“Source-Gadgets”]