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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

Human sacrifices suspected; five bullets missing

Mumbai: In a high-voltage courtroom packed with tension, the Nashik Sessions Court extended the police custody of fake godman Ashokkumar Eknath Kharat till March 29, as investigators sought time to probe shocking leads pointing at suspected human sacrifices and huge wealth besides the alleged sexual exploitation crimes.   In a startling revelation, the police said that they recovered a black revolver with 21 bullets from his Mirgaon farmhouse, but five shells are missing. The Public...

Human sacrifices suspected; five bullets missing

Mumbai: In a high-voltage courtroom packed with tension, the Nashik Sessions Court extended the police custody of fake godman Ashokkumar Eknath Kharat till March 29, as investigators sought time to probe shocking leads pointing at suspected human sacrifices and huge wealth besides the alleged sexual exploitation crimes.   In a startling revelation, the police said that they recovered a black revolver with 21 bullets from his Mirgaon farmhouse, but five shells are missing. The Public Prosecutor Ajay Missar said that this, coupled with other circumstantial evidence has raised suspicions of possible human sacrifice, though it has yet to be confirmed.   Kharat, 67, his face covered in a black cloth, was produced before the court at 3:50 pm, when the courtroom was crowded with lawyers, activists and commoners, while firebrand women’s leader Trupti Desai staged a noisy protest outside.   The Chief Minister Devendra Fadnavis made a statement in the Assembly on the Bhondu baba scam that has rocked the state polity for the past week with sensational details emerging daily in the investigations.   Sedative Substances In Nashik, seeking extension of Kharat’s custody, the SIT IO Kiran K. Suryanshi informed the court details of the probe so far. He said that Kharat’s victims were given pedhas, crystal sugar and water after which they experienced nausea, pointing to sedative-laced substances which need to be traced.   The police also seized Rs. 6.53 lakhs in cash, two laptops and a DVR, the mobile phones of the accused and his associates are being investigated to determine the number of targeted victims, and the financial trail of his dealings of the globe-trotting Kharat, who is facing a total of 8 cases, including 6 lodged by his victims in different police stations.   Snakes’ Use The prosecution said that the SIT wants to probe allegations that Kharat used cobras, snakes and tigers to proclaim himself as a ‘Siddha Purush’ with supernatural powers during his rituals. A pen drive with videos of his victims also needs to be probed and confirmed, besides recovering deleted data from his mobile phone and other devices through Forensic experts.   The sleuths have to dig out if these creatures were real or dummies, and whether wildlife laws are violated. He allegedly distributed the rare musk (Kasturi) suggesting illegal exploitation of the wildlife for his illicit activities, and details of his associates and accomplices in these crimes.   Opposing the plea for further custody, Kharat’s lawyer said that the investigation has already run for seven days, the police have recovered videos, electronic devices, cash and weapon, no additional evidence including a purported pen drive are officially recorded, and hence the probe can continue without his further police remand.   During the proceedings, Kharat was seen standing with his head bowed, staring at his hands, without displaying emotions or making eye contact with anybody.   When the court asked him for his version, he merely said: “I have no knowledge of snakes or tigers, hearing it for the first time. I only visited the temple occasionally during festivals when there were around a 100 people present. I have answered all the questions during the interrogation.”   After hearing both sides, the Additional Chief Judicial Magistrate Patil granted extension of Kharat’s custody by five more days till March 29, to enable the SIT probe the remaining angles.   Cops bar media Considering the sensitivity of the sensational case, through Sahyog portal, the SIT has approached social Media like Instagram, YouTube or Facebook to delete or strike down photos/videos that could violate the privacy of Kharat’s victims. Television channels which telecast such videos have been slapped with notices of warning proceedings under the BNSS Act, Sec. 72(1), after which several news outlets have complied. Kharat is facing a total eight cases, including five from the victims comprising those in some alleged videos that went viral, one through a victim’s relative and 2 other related matters, which the STI is probing from multiple angles.

Lateral upgrade to ailing annihilation

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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