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By:

Quaid Najmi

4 January 2025 at 8:56:24 pm

Man gets death for minor’s rape, murder

Mumbai | Nashik: A Nashik Special Fast Track Court has awarded the death sentence to a 25-year old man who was convicted last week for luring a 4-year-old girl with a chocolate, kidnapping, raping and murdering her, here on Friday. Terming the case as the ‘rarest of rare’ crimes, the Special Judge K. D. Paldewar – who had found Vijay Sanjay Khairnar guilty of kidnap, sexual assault and murdering the child on Sep. 30 but reserved the verdict after the final arguments on Oct. 7 – pronounced the...

Man gets death for minor’s rape, murder

Mumbai | Nashik: A Nashik Special Fast Track Court has awarded the death sentence to a 25-year old man who was convicted last week for luring a 4-year-old girl with a chocolate, kidnapping, raping and murdering her, here on Friday. Terming the case as the ‘rarest of rare’ crimes, the Special Judge K. D. Paldewar – who had found Vijay Sanjay Khairnar guilty of kidnap, sexual assault and murdering the child on Sep. 30 but reserved the verdict after the final arguments on Oct. 7 – pronounced the capital punishment today. He also slapped a fine of Rs 10 lakhs as compensation to the victim’s family, hailing from Dongrale village before a packed courtroom where the villagers, the victim’s family and others were present. Emerging from the courtroom after the verdict, Special Public Prosecutor Ujjwal Nikam told the media that “the Court had considered the gravity of the crime and the circumstantial evidence establishing Khairnar’s involvement” while deciding the sentence. The Court did not take into account the convict’s poverty – he was a daily wager – or illiteracy as grounds for leniency, added the ace criminal lawyer. It was on Nov. 16, 2025 in Dongrale village of Malegaon taluka when Khairnar lured the little girl on the promise of giving her a chocolate and took her to a desolate spot to carry out his devious plans. Betraying the trust of the child who used to call him ‘dada’ (elder brother) due to their acquaintance, Khairnar sexually assaulted her, killed her and abandoned her before decamping from there. A few hours later, the child’s body was found dumped in a nullah and the police were summoned. As details of the gruesome crime tumbled out and spread, it ignited widespread public outrage all over the state. The police swung into action, formed several probe teams and managed to track down Khairnar from his hideout within a few hours. Considering the sensitivity of the crime, the strong emotions plus the mass furore it created, the state government assigned the case to a fast-track court, assigned Nikam as the SPP and the matter was heard speedily. The SPP aggressively led the prosecution, arguing in the court that in view of the gravity of the crime, the circumstances leading to it and other aspects, it warranted the severest punishment – death – for Khairnar, irrespective of his age or financial status. The Dongrale villagers stood in solidarity with the victim’s family and they raised a chorus for quick investigations, an expeditious trial and slapping the death penalty on the convict to serve as a strong deterrent to potential offenders. As per the Indian law, the trial court’s verdict will now go to the Bombay High Court for confirmation. Political leaders from different parties hailed the court verdict and said “justice has finally been done to the victim’s family”.

Lateral upgrade to ailing annihilation

Writer: Mangesh Kulkarni
Mangesh Kulkarni
Sep 9, 2024
3 min read

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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