ADARSH HOUSING SCAM: HC dismisses Adarsh Society plea for de-freezing bank accounts!

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July 27, 2011 / PTI, Mumbai / DC.

The Bombay High Court today dismissed a petition filed by the controversial Adarsh Housing Society seeking de-freezing of its bank accounts.

The CBI had in January frozen two bank accounts of the Society after registering a case against 14 accused including several members of the society.

A division bench of justices Ranjana Desai and R.V. More was hearing a petition filed by the Society seeking de-freezing of its two bank accounts with the State Bank of India, Cuffe Parade and Wodehouse Road, to bear legal expenses and day-to-day expenditure of the Society. The accounts have deposits approximately worth Rs 2 crore.

Full Story at,

http://www.deccanchronicle.com/channels/nation/west/hc-dismisses-adarsh-society-plea-de-freezing-bank-accounts-264

WIKILEAKS: Pak-Cables- Khan's Daughter's threat, bank's dilemma!

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A. Srivathsan

CHENNAI: The Central Bank of the United Arab Emirates told the United States in 2005 to either cross out the name of Abdul Qadeer Khan's daughter from a list of people whose assets were blocked for their suspected involvement in suspected acts of nuclear proliferation, or provide the bank with legal indemnity for freezing her account.

Dina Khan was among those whose accounts were frozen after her father's 2004 television confession that he had sold Pakistan's nuclear secrets abroad.

The UAE blocked Ms. Khan's Dubai bank account soon after the UN Security Council adopted the anti-proliferation resolution 1540. But, as a diplomatic cable dated September 28, 2005 ( 41524: secret/no forn), accessed by TheHindu through WikiLeaks, shows, the Central Bank developed cold feet when Ms. Khan threatened to sue it for blocking the account and for “physical and emotional damages.”

For once, US face a match!

Full story at,

http://www.hindu.com/2011/05/25/stories/2011052553231300.htm