Attorney General’s son-in-law banned by UK watchdog for manipulating Reliance stocks
11 September 2013, New Delhi, Team MP
Financial Service Authority (FSA) of the United Kingdom, now known Financial Conduct Authority (FCA), has decided to ban Attorney General of India GE Vahanvati’s son-in-law, Tariq Carrimjee, and his company Somerset Asset Management, from trading and has imposed a heavy penalty. FCA has imposed 89,000 pounds worth of penalty for his role in recklessly assisting one Ramesh Kumar Goenka in October 2010 to manipulate Gazprom and Reliance Security in 2010.
Meanwhile, senior CPI leader and Member of Parliament, Gurudas Dasgupta, has filed a notice for privilege against the Attorney General, alleging the country’s senior most law officer was causing impediments in his parliamentary responsibilities.
This, after the AG sent legal notice to the MP for writing to the prime minister seeking a probe into the alleged illegal foreign bank accounts of the top legal officer. The CPI leader told media persons Vahanvati was trying to impede his duties as an MP. ‘I have received your notice on the question of privilege against Attorney General for causing impediments in performance of your duties as an MP by getting issued on his behalf a legal notice to you. The matter is under my consideration,’ the Speaker told Dasgupta in the Lok Sabha.
Later, the CPI leader said he had ‘received some sensitive information regarding certain foreign bank accounts. ‘I had asked the Prime Minister to enquire and verify this information.’ Maintaining that this was ‘a privileged letter’, he said following the letter, Vahanvati sent legal notice to him in the matter. In his three-page letter, Dasgupta alleged that Vahanvati was illegally maintaining a foreign bank account at Union Bank of Switzerland’s (UBS) Singapore branch since 1997. He provided the details of the account number, code number and beneficiary details of the foreign bank allegedly in the name of Vahanvati.
The legal notice filed by Ryan Karanjawala against CPI and Member of Parliament, Gurudas Dasgupta, has caused a serious reaction since most political leaders feel that a lawyer cannot send a legal notice against an MP for writing a letter to the prime minister. Incidently, Ryan Karanjawala’s company represents a number of accused people involved in 2G and Coalgate scam.