News Wire

RSS will anoint Jaya Prada with its blood

Azam Khan is not only the Muslim face of the Samajwadi Party (SP) but one of its founders along with party chief Mulayam Singh Yadav. With the entry of SP’s poster boy Amar Singh, Azam Khan has been upstaged. It finally boiled down to a battle of the turf when Azam Khan refused to back the party’s actor-turned politician Jaya Prada from his Rampur base. The Amar-Azam battle is waiting to come to a head, post elections. Neerja Chowdhury spoke to the man. Excerpts:

Money Laundering?

A recent ruling by the Delhi High Court on an Enforcement Directorate case against the Anil Agarwal led Vedanta resources could have important implications on other pending cases against Indians and Indian companies which have been accused of conducting money-laundering operations and using shell companies to bring back the funds in the form of foreign investments. While the judgement confines itself to the “correctness and propriety” of the Appellate Tribunal for Foreign Exchange’s decision to grant “complete exemption” to the company’s directors from pre-depositing a penalty amount it indicates that the company could not claim that there was no prima facie case against it and its directors.