CBI registered FIR against VK Sibal former head of DGH for misusing his powers and favoring oil companies like RIL and others

VK Sibal served as the director general of Hydrocarbons between 2004 and 2009.
CBI has registered a Preliminary Enquiry (PE) on November 26, 2009. against him.

CBI registered FIR against VK Sibal former head of DGH for misusing his powers and favoring oil companies like RIL and others

For inquiry CBI took 2 years – They must have found lot of evidence in 2 years.
What you think?



The Central Bureau of Investigation (CBI) Friday registered a criminal case against eight people.
The case has been registered against following eight DGH officials –

1. then director general Sibal

2. then chief geologist D.K. Rawat

3. then advisor (geophysics) S.K. Jain

4. then head of accounts K.A. Murli

5. then advisor contracts Anurit Sahi

6. then manager (finance and accounts) T.S.L.N. Reddy

7. then chief chemist Savendra Gupta

8. the private company, G X Technology's manager exploration Sujata Subramaniam.



The Directorate General of Hydrocarbons (DGH) is the technical arm of the Oil Ministry that supervises licenses and permissions for private operators.

According to a Comptroller and Auditor General report V K Sibal gave undue favors to RIL and permitted the company to inflate its 'development costs from $2.47 to 8.84 billion - in the capital expenditure of RIL's exploration project in the Krishna Godavari Basin. This affected the revenue of government of India that is the revenue of all the Indian citizens.

The Central Bureau of Investigation (CBI) has filed an FIR against former director general of Hydrocarbons VK Sibal on charges of allegedly scuttling an enquiry by CVC on discrepancies in oil exploration operates and contracts executed by domestic and foreign players.

The CBI had said that Sibal, while serving as the DGH, had delayed the CVC enquiry in which the anti-corruption watchdog had found that he had extended "undue favours to private companies in grant of extension in exploration contracts".

He is also accused of allegedly misusing his official position to favor oil companies including Reliance Industries Limited (RIL) and a foreign entity.

On Friday CBI officers conducted raids at 15 places across New Delhi, Noida and Dehra Dun. Sibal's residence in Noida.

Reality views by sm –

Keywords – News Companies Oil & gas exploration, DGH, V.K. Sibal, CBI, FIR RIL Corruption

Be Young Forever – Scientist Discover a drug which will reverse aging process Drug has been nicknamed the “forever young” drug

Be Young Forever – Scientist Discover a drug which will
reverse aging process Drug has been nicknamed the “forever young” drug

Scientists have found or discovered a drug and they believe that drug can reverse the effects of premature ageing and could extend human life by more than a decade.

Rapamycin, which has been nicknamed the “forever young” drug, was created from a chemical found in the soil on Easter Island 2,000 miles off the coast of Chile.
One of the remote places on the earth.



Rapamycin is used to suppress the immune system in organ transplants.

What is Progeria?


Progeria, also known as Hutchinson-Gilford Progeria Syndrome (HGPS), is a rare, fatal genetic condition characterized by an appearance of accelerated aging in children.
All children with Progeria die of the same heart disease that affects millions of normal aging adults (arteriosclerosis), but instead of occurring at 60 or 70 years of age, these children may suffer strokes and heart attacks even before age 10.
Remarkably, the intellect of children with Progeria is unaffected, and despite startling physical changes in their young bodies, these extraordinary children are intelligent, courageous, and full of life.

Movie Name – PAA - Big B That is Amitabh Bachchan plays the 13 year old character named Auro who is suffering from Progeria. This disease rapidly accelerates his aging and towards the end of the movie by the time the character hits his teens he dies.

Rapamycin is used in experiments on children suffering from Hutchinson-Gilford Progeria Syndrome (HGPS), a rare genetic condition in which ageing is hyper-accelerated
HGPS suffering patient dies at the age of 12 because of old age.

Rapamycin cleaned the cells of progerin, which swept away the defects and left healthy cells.

What is Progerin?
HGPS starts process whereby a protein called progerin builds up in every cell of the body, causing them to age prematurely.
In 2003, government researchers discovered that the disease is caused by a mutation in the gene for a protein called Lamin A, which helps maintain the normal structure of a cell's nucleus. As a result of the mutation, the cells produce a toxic protein called progerin, which has also been found to accumulate at a much slower rate in normal cells as they age.

In the new study, Cao and her colleagues treated cells from three progeria patients and four healthy individuals with rapamycin in culture.

They observed that the progeria cells showed a reversal in the structural alterations of the nucleus that are associated with the disease and less DNA damage.
The drug also reduced the symptoms of aging in both the progeria and healthy cells. Dr. Dimitri Krainc of the Massachusetts General Hospital Institute for Neurodegenerative Disease, a co-author, demonstrated that the rapamycin activates an intracellular pathway that initiates degradation of proteins not needed by the cells.
The level of progerin in the rapamycin-treated cells declined by half, the team found.

“It is known that during ageing, our cells accumulate by-products of normal cell function,” said Dimitri Krainc, one of the co-authors of the study.

“Our body’s ability to remove this debris declines with ageing and it is thought that even a small activation of this ‘debris removal’ system would extend the health and life-span of our cells and organs.”

NIH Director Dr. Francis Collins, co-author of the study said that "It would be interesting to contemplate if what we learned here can be used to extend our own lifespan."
The experiments may also reveal clues about the normal aging process and how to potentially slow it down

The study is published June 29 in the journal Science Translational Medicine.

The is how the Patient look
Big B in PAA movie –



Reality views by sm –
Friday, July 01, 2011

Keyword – Science News Aging Forever Young Drug Progeria Treatment Health Study

Rs.50 Crore worth Property attachment notice issued to Hasan Ali by Enforcement Directorate

Rs.50 Crore worth Property attachment notice issued to Hasan Ali
by Enforcement Directorate

Ali and Tapuriah are now in ED custody in Mumbai.
Hasan Ali Khan is accused of
1.
money laundering and multi-crore tax evasion

2.
Criminal cases under the Passport Act for allegedly obtaining six passports from different parts of India.


The Enforcement Directorate on Thursday issued a showcause notice for attachment of properties valued at Rs50 Crore of Hasan Ali Khan and his Kolkata-based associate Kashinath Tapuriah in a money laundering case.

Hasan Ali Khans lawyer R. K. Gaur said that "An attachment order and showcause notice has been issued to us under the Prevention of Money Laundering Act by the Enforcement Directorate. We will appeal against it,"

Which Properties of Hasan Ali are attached by ED?

1.
high-end imported cars, including three Mercedes Cars, Porche and others

2.
a flat in Pune's posh Koregaon Park area - The immovable property of Hasan Ali attached in Pune includes three floors of the five storeyed "Tulip" building in Koregaon Park

3.
32 horses kept at stables of Royal Western Indian Turf Club (RWITC) in Mumbai and Pune

4.
a residential building in Mumbai

5.
Tapuriah's property on Prithviraj Road in Delhi

The income tax department has raised a tax of

1.
Rs50,329 Crore against Khan

2.
Rs49 Crore against his wife Rheema Hasan Ali Khan

3.
Rs591 Crore against his associate Tapuriah

4.
Rs20,540 Crore against Tapuriah's wife Chandrika

5.
Rs336 Crore against a business firm related to Khan -- R M Investment and Trading Company Private Limited.


Hasan Ali has a Rs. 62,000 crore tax liability and penalty proceeding pending against him.
The total pending tax demand against him and his associates has been pegged at Rs. 89,000 crore by the Income Tax department.

Under the PMLA, the ED has the powers to attach properties of a person as "proceeds of crime" to obtain the genuine tax amount or the amount that has been laundered illegally.

Reality views by sm-
Friday, July 01, 2011

Tag – Hasan Ali Khan Property Pune Mumbai 50 Crore Attachment Notice ED

New Amendment makes it compulsory to show Pan Card for any payment of Rs. five lakh or more for purchase of bullion or jewellery.

New Amendment makes it compulsory to show Pan Card for any
payment of Rs. five lakh or more for purchase of bullion or jewellery.

As per the amendments in the income tax rules, coming into effect from July 1, quoting PAN (Permanent Account Number) will be mandatory for any payment of Rs. five lakh or more for purchase of bullion or jewellery.


Its very good move by government of India as it will stop the use of black money but this will certainly reduce the purchase of jewellery by using black money.

Currently in India Banks only ask the Pan Number when issue Credit Card, but as per new amendments for getting Debit Card also PAN (Permanent Account Number) has become mandatory.

From tomorrow the payment of Rs. 50,000 or more in a year for life insurance premium would also require PAN

Currently following transactions require the Pan Card

1.
sale or purchase of any immovable property valued at Rs. five lakh or more

2.
sale or purchase of motor vehicles other than two- wheelers


3.
bank deposits exceeding Rs. 50,000

4.
telephone connection applications


5.
opening of bank accounts

6.
hotel and restaurant bills of over Rs. 25,000


7.
mutual fund investments of Rs. 50,000 and above

Suggested Reading –
Know 21 Important Facts about Permanent Account Number (PAN) Card –

http://realityviews.blogspot.com/2010/03/know-21-important-facts-about-permanent.html

Reality views by sm-
Thursday, June 30, 2011

Tag – Pan Card Important Fact Amendment Jewellery Debit Card Rs.5 Lakh