I’bulls ac­cuses Prashant Bhushan of per­jury

The Times of India (New Delhi edition) - - Times City - Ab­hi­[email protected] times­group.com

New Delhi: Delhi high court on Tues­day asked an NGO seek­ing a probe into al­leged fi­nan­cial ir­reg­u­lar­i­ties against In­di­a­b­ulls Hous­ing Fi­nance Ltd (IBHFL), to re­spond to the com­pany’s plea. The com­pany has ac­cused ad­vo­cate Prashant Bhushan of per­jury in the PIL filed by the NGO.

A bench of Chief Jus­tice D N Pa­tel and Jus­tice C Hari Shankar is­sued no­tice to Cit­i­zens Whis­tle Blower Fo­rum, the pe­ti­tioner NGO, and its mem­ber Bhushan. The court gave it time till Oc­to­ber 24 to clar­ify its stand on the per­jury ap­pli­ca­tion and a sep­a­rate plea by the com­pany for dis­miss­ing the PIL with costs.

The court listed the mat­ter for next hear­ing within this month af­ter se­nior ad­vo­cate Mukul Ro­hatgi on be­half of the com­pany urged the bench for an early date, ar­gu­ing that even pen­dency of the PIL is mak­ing the firm suf­fer fi­nan­cial losses.

In the per­jury plea, IBHFL has de­manded prose­cu­tion of Bhushan, al­leg­ing that with­out even ba­sic in­quiry or re­search, he has moved the court straight­away and didn’t make any rep­re­sen­ta­tion to any author­ity but is still “falsely al­leg­ing in­ac­tion by statu­tory au­thor­i­ties.”

It has fur­ther ac­cused Bhushan of mak­ing false state­ments, sup­press­ing ma­te­rial facts and pre­sent­ing “in­com­plete and half­baked in­for­ma­tion.”

The firm has main­tained that of the five com­pa­nies IBHFL had loaned money to, four have re­paid and the fifth — Vatika — has to pay back Rs 600 crore out of the Rs 4,600 crore loaned to it. Ro­hatgi high­lighted that the high court plea has “lifted por­tions” of a pe­ti­tion moved against the com­pany in the Supreme Court that was later with­drawn by the pe­ti­tioner.

Last week, the court had is­sued a no­tice to the com­pany on the PIL al­leg­ing that monies loaned by IBHFL to var­i­ous com­pa­nies were routed back to its pro­mot­ers through other en­ti­ties.

The NGO fur­ther wants a di­rec­tion to the min­istry of cor­po­rate af­fairs to in­ves­ti­gate through se­ri­ous fraud in­ves­ti­ga­tion of­fice into the al­leged ir­reg­u­lar­i­ties. The mem­bers of the NGO in­clude for­mer Delhi high court Chief Jus­tice A P Shah, for­mer Chief of Naval Staff Ad­mi­ral L Ram­das, for­mer IAS of­fi­cer Aruna Roy and Bhushan.

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