The multi-billion rupee empire built by Subhash Chandra—the founder of Zee TV and his ancestors is on the verge of collapse. On one side, a financial tsunami emerging over the horizon is clashing with the passionate dream of a full grown adult who wants to buy the most expensive, brightest and best toys in the market but fails each time – because they do not give him adequate return on investment. This, in short, is the nail-biting climax of the story of Subhash Chandra’s life, success, and survival.
It is being alleged that the market value of FTIL is stake Rs 2200 crore which they are trying to pass off as Rs 1000 crores. The entire operation is allegedly being held under the directions of FTIL Managing Director Prashant Desai, who reportedly visited Dubai several times to oversee the deal.
A new twist in Jignesh Shah who has many ex-bureaucrats working for him in a number if his companies involves seeking the help of pen pushing babus in different ministries to play hide and seek with the files. This behind the curtain game is helping Jignesh Shah to shoot and scoot without being caught.
The initial cost of constructing the Eastern Peripheral Expressway (EPE) was projected to be Rs 2,676 crores. But by the time the project is complete, this might cross Rs 7,558 crore. Can NHAI which is reportedly already suffering from a loss of over 86.97 crore bear this burden?
Here is evidence how facts were fudged with or without the active compliance of the district authorities. There are many cases where the land ownerships have been changed on paper in the official records without negotiated settlement of price or acceptance from the original owner.
NHAI does not have physical possession of even an inch of land from Kundli to Palwal. No work has started on the ground. They have just changed the status of possession in the revenue records by influencing the DMs. Even while doing so they have not taken NoC from the actual owner. This is a clear violation of the law. It is entirely illegal
The purpose of a highway is to settle people and improve their quality of life- not to uproot and unsettle their lives and the future of their children. There is a hairline difference between right and wrong. Right and wrong are two sides of a coin. In a democratic society, there should be adequate measures to correct a wrong and seek remedy against it.
Muskesh Shah knew that both NK Proteins and Swastik Overseas were holding zero stocks still why did he keep quite? Meanwhile Rawal Group companies registered at his address traded on NSEL and moved out in May-June 2013 without losing a penny. This shows how people with inside information exploited the situation
Dog meat and dog skin is a flourishing trade in many parts of the world. This is the reason behind illicit dog stealing, smuggling, and trafficking. Ancient Chinese writings from the Zhou Dynasty mention --pig, goat, and dog -- among "three beasts" bred for food. Every year close to 10 Million dogs are skinned alive.
Pankaj Saraf, filed the first FIR in the case against Jignesh Shah and others on 30 September 2012. As such his testimony has a direct bearing on the prosecution case. The current move to square off Pankaj Saraf's father's NSEL outstanding is nothing but a quid pro quo deal to create a conflict of interest and dilute the prosecution case.
Significantly not just one but three agencies two central and one state- Mumbai Police Economic Offenses Wing (EoW), CBI and Enforcement Directorate are investigating various angles of the case. Each of them has tried to dilute or water-down the case
12Page 1 of 2