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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

ATS questions 112 across Maharashtra

Agency says Pakistani gangster lured youths through social media AI generated image Mumbai: In one of the biggest coordinated counter-terror operations in recent months, the Maharashtra Anti-Terrorism Squad (ATS) carried out simultaneous raids and searches at dawn across the state in which around 112 persons were quizzed for their alleged social media links with a Pakistan-based alleged ISI handler-cum-mafiosi Shahzad Bhatti, officials said. According to the ATS, an undisclosed number of...

ATS questions 112 across Maharashtra

Agency says Pakistani gangster lured youths through social media AI generated image Mumbai: In one of the biggest coordinated counter-terror operations in recent months, the Maharashtra Anti-Terrorism Squad (ATS) carried out simultaneous raids and searches at dawn across the state in which around 112 persons were quizzed for their alleged social media links with a Pakistan-based alleged ISI handler-cum-mafiosi Shahzad Bhatti, officials said. According to the ATS, an undisclosed number of personnel drawn from all its 14 units in the state launched synchronised swoops with Friday morning ‘knocks’ at the homes and other locations of those suspects identified in the ongoing probe. As per a preliminary probe, Bhatti, along with his alleged associates, Abid Jaat alias Abid Chal, Ajmal Gujar, Mohammad Memon, Rana Hussain, Ashraf Basheer Alam and others, attempted to establish a network among youngsters through social media platforms, including Facebook, Instagram, Telegram and WhatsApp, they said. The accused allegedly circulated provocative religious content to influence youths, particularly those who were unemployed, and lured them with promises of financial assistance in an attempt to involve them in activities such as information gathering, drugs and arms smuggling, an official said. The immediate purpose behind the action was to verify the nature of the purported links of these persons with Bhatti ostensibly through various social media platforms and to collect more concrete evidence. The ATS operation comes barely two days after the Delhi Police Special Cell claimed to have busted two alleged modules purportedly linked to Bhatti and arrested six suspected operatives from the country’s national capital and Punjab. The Maharashtra ATS carried out the searches in Bandra, Kurla and Jogeshwari (Mumbai); Navi Mumbai; Bhayander and Mira Road (Thane); Chhatrapati Sambhajinagar; Sangli; Satara; and certain other locations around the state. It is considered as a run-up to the security preparations ahead of the upcoming 79th Independence Day celebrations on Aug. 15. Online Interactions ATS officials revealed that the investigation centres around establishing and verifying whether the online interactions of these 112 persons were casual or could point to a deeper network with wider ramifications. The ATS suspects that Bhatti and his cohorts may be allegedly exploiting social media platforms to lure and influence youngsters towards anti-national or subversive activities. Remaining tight-lipped on the outcome, the officials pointed out that the probe is still continuing and further details are expected to emerge after the statements and evidence are scrutinized. The Delhi Police had said that, acting at Bhatti’s behest, the six arrested suspects had allegedly conspired to perpetrate ‘petrol bomb’ strikes at key locations in the national capital. Reported Recce Among various sites, these persons reportedly carried out a recce of the New Police Lines in Civil Lines, the Anand Vihar Inter-State Bus Terminal, a major railway station and certain crowded market areas. Videos of these and other locations were recovered from the mobile phones of the accused and were allegedly routed to Bhatti via some banned messaging app and 10 others with whom they are said to be linked. With this, the Delhi Police claimed to have busted a Pakistan-backed terror and arms-smuggling syndicate linked to Bhatti through coordinated multi-state raids spanning Delhi, Uttar Pradesh and Punjab, and thwarted major planned attacks in these regions. The social media chats recovered show Bhatti reportedly giving instructions to one of the suspects, Danish alias Chand Miyan, pertaining to the delivery and storage of some ‘material’, which the Delhi Police sleuths claim could refer to petrol bombs. Earlier, the investigators had found petrol bombs from the vicinity of Vijay Ghat – the resting place of India’s second PM, Lal Bahadur Shastri. The Delhi accused were assigned different roles, including recces of key targets, ferrying and selling weapons, besides distributing consignments allegedly dropped into India by drones. The police are probing the wider cross-border conspiracy, the role of other Pakistan-based handlers and their associates and modules in India.

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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