India’s Gautam Adani, Asia’s richest man, faces possibly the biggest challenge of his career after a U.S. short seller, Hindenburg accused Adani conglomerate of stock manipulation and accounting fraud.
Adani Group responded Hindenburg report with an over 400-page data, the group led by Gautam Adani called all the allegations “unsubstantiated” and “misleading”.
However, despite the response by Adani’s group, the investors remained apprehensive and Adani’s share price kept falling.
Reportedly, in an hostile takeover, Adani Group has bought majority stake at Hindenburg Research company. This is the second hostile takeover by Adani Group after it took over its another critic NDTV.
“After completing the formalities with SEBI and US’ Securities and Exchange Commission (SEC) we will take complete control of Hindenburg Research and the story will be deleted” told Adani Group CFO to The Fauxy.
[ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]
The poll is the first large survey on New York voters’ attitudes about Santos, who has refused to step down since a bombshell report in The New York Times in December revealed he had fabricated most of his resume, including his professional background and college education.
Earlier this month, Santos said only the voters could get him to step down.
“I am going to outwork any of the pundits and talking heads that are out there saying I should resign, that I’m unfit for office,” Santos told reporters earlier this month. “When 142 people ask me to resign, I’ll resign.”
He later clarified that he meant to say 142,000 people, a reference to voters in his district.
As more allegations have mounted, some of which he has admitted were exaggerated, Santos has drawn widespread condemnation from within his own party, including Republican officials in Nassau County, who pledged to cut off local support to their colleague in the House.
But House Speaker Kevin McCarthy has largely ignored calls for his resignation because he needs to maintain his slim majority in the chamber.
Santos has received low-level committee assignments, but he also faces a slew of federal and local investigations.
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( With inputs from : www.politico.com )
New Delhi: Law Minister Kiren Rijiju on Sunday sought to support the views of a retired high court judge, who said the Supreme Court “hijacked” the Constitution by deciding to appoint judges itself.
The government and the judiciary have been at loggerheads over the process of appointment of judges to the higher judiciary,
Rijiju shared the video of an interview of Justice R S Sodhi (retd), a former judge of the Delhi Court, saying it is “voice of a judge” and that majority of people have similar “sane views”.
Justice Sodhi said the right to frame laws lies with Parliament.
The law minister also said that “actually majority of the people have similar sane views. It’s only those people who disregard the provisions of the Constitution and mandate of the people think that they are above the Constitution of India.”
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“Real beauty of Indian Democracy is its success. People rule themselves through their representatives.Elected representatives represent the interests of the People & make laws. Our Judiciary is independent and our Constitution is Supreme,” the minister tweeted.
In the interview, Justice Sodhi also said the apex court cannot frame laws as it does not have the right to do so. The right to frame laws belongs to Parliament, he said.
“… Whether you can amend the Constitution? Only Parliament will amend Constitution. But here I feel the Supreme Court for the first time ‘hijacked’ the Constitution. After ‘hijacking’ they (SC) said that we will appoint (judges) ourselves and the government will have no role in it,” Justice Sodhi said in Hindi.
The appointment of judges to the Supreme Court and the high courts has become a major flashpoint between the Executive and the Judiciary.
While Rijiju has described the collegium system to appoint judges as something “alien” to the Indian Constitution, Vice President Jagdeep Dhankhar has questioned the top court for striking down the National Judicial Appointments Commission Act (NJAC)and a related constitution amendment.
Also the chairman of Rajya Sabha, Dhankar had said a law passed by Parliament, which reflects the will of the people, was “undone” by the Supreme Court and “the world does not know of any such instance”.
By bringing the NJAC law, the government had sought to overturn the collegium system which came into being in 1992.
The apex court has questioned the government for delay in clearing the appointments of Supreme Court and High Court judges.
Last week, the Supreme Court collegium had for the second time reiterated the names of two advocates for appointment as judges of the Calcutta High Court “expeditiously”, saying it was not open for the government to repeatedly send back the same proposal.
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