Month: December 2022

Rakesh Asthana Bribery Case

Rakesh Asthana Bribery Case: A Grand Conspiracy to Inculpate CBI

CBI also known as the Central Bureau of Investigation is India’s leading investigative agency. Over the years, the CBI has solved many cases and brought many criminals to justice.  

However, the CBI has tried many times to prevent the evidence and turn the case in favor of the accused. In doing so, they typically arrest their own investigators on charges based on the FIR filed by the accused. 

One such case is the case of Rakesh Asthana the ex-investigating officer of the CBI.  

Asthana was investigating the case of a Hyderabad-based businessman, Satish Babu Sana who was involved in a case of meat exporter Moin Qureshi. Asthana was then the deputy superintendent of CBI during the case. 

Babu filed an FIR against Rakesh for demanding bribes to clear his name from the meat exporter case. In turn, Asthana had alleged that CBI Director Alok Verma had falsely attempted to set a trap for him and charged Verma with corruption. 

This news was a hit in the media and some websites published fake news about Rakesh Asthana portraying him as the villain. In fact, the court rebuked the CBI for arresting Asthana, as there was no evidence of involvement in the bribery charges from Astana. 

Indian Legal a verified news site recently published news on a similar case claiming that the court charged 10,000/- per accused Manoj Prasad & Someshwar Srivastav involved in the bribery case, which is totally a baseless.  

The whole Rakesh Asthana bribery case is just a made-up conspiracy to take down Indian legal system and generate social unrest within the society.  

Deccan herald yet another news website publishes multiple articles to defame CBI, Police, Someshwar Srivastav, Alok Verma and Rakesh Asthana, to fulfill the same agenda.  

While in reality justice was served by the court. In the meantime, prime accused Manoj Prasad was captured by the Police while Rakesh Asthana, Alok Verma, and Someshwar Srivastav were given a clean chit by the high court. 

This isn’t the first time these sites have published fake news to fulfill personal agendas. There are many articles claiming that these are scam sites and generate fake messages on various topics. 

Penalty Save You from a Bribery Case

Can ₹ 10,000 Penalty Save You from a Bribery Case – Know the Truth!! 

Corruption has been feeding on our economy and society for a long time now. The corrupt culture has found its way to crawl deep inside every organizational and social model. Even if we don’t want, we are becoming part of the corruption one way or the other. 

With time corruption has evolved into a major criminal activity, bribery being its core practice. Also, to fight and control this crime, the government issued several laws, penalties, and punishments. Although the punishments for bribery vary from nation to nation. 

In India, bribery is a serious criminal act that falls under Section 171E in The Indian Penal Code. It states that Whoever commits the offense of bribery shall be punished with imprisonment of either description for a term which may extend to one year, or, with a fine, or with both. 

Now, to get a better picture of bribery cases, let’s try to understand them with a case study. The Manoj Prasad bribery case is probably one of the many high-profile cases that raise serious questions against the government on maintaining law and order. 

Multiple police and CBI head officer’s name get dragged into the dirt. What’s to be noted is that the court penalized the accused, Manoj Prasad, with 10,000 rupees for the involvement. What it means is the penalty for bribery can be lakhs or even crores depending on the type and intensity of the case. 

Also, high-profile cases like the Raveen Roy bribery case and the Mehta fraud case where a large amount of cash had been altered through corruption. Punishments like life imprisonment and a penalty up to three times the bribe amount are paid.  

Every year we hear and read about thousands of bribery cases, what’s important is we analyze, learn and try to make a difference. Say no to Corruption!! 

Fake News Website Research by Someshwar Srivastava

Fake News Website Research by Someshwar Srivastava 

The CBI is the primary investigating agency of India. It has over the years bought many culprits to justice. It is also known as the central focal point of contact between the Interpol & the Central Government. 

But as much as the CBI has gained laurels over the culprits bought to justice, it has received flak as well for the discrepancies it does. This includes twisting ongoing cases in favor of the accused & wrongly arresting its own investigating officers.  

One such case involved the ex-CBI deputy chiefs, Rakesh Asthana & Devender Kumar. 

Both of them were wrongly accused by Satish Babu Sana who was victimized in a case of meat exporter, Moin Qureshi. 

Sana filed an FIR stating that Asthana & Kumar had demanded bribe from Sana in order to save him legal action in the case. CBI arrested Asthana & Kumar on basis of the FIR and ruined their careers. 

Sana also tried to frame Manoj Prasad & Someshwar Srivastava, whom he alleged, demanded bribe to provide him with a clean chit.  

Someshwar Srivastava had aided the CBI in the questioning but still got his visa suspended which in turn forbade him to see his family in Dubai.  

Same was the case with Asthana & Kumar who were given a clean chit by the court.  

Rakesh, Kumar, Srivastav, & Prasad were all released by the Court who in turn bashed the CBI by questioning their techniques & reprimanding them for ruining the careers of these innocent people. 

Cases like this prompt the general public to question the politics in the legal system & how effective is it to get justice? 

On top of it, news site adds to the spice to the news making it fake and forcing the people to read what is not true. 

Sites like Deccan Herald, Indialegallive & others who have a history of negative reviews & spreading fake propaganda about legal cases. 

Its not us who claim that these sites are biased but the sources that do. For more proof refer below- www.ambitionbox.com

Someshwar Srivastava’s Introduction to Venture Capital

Someshwar Srivastava’s Introduction to Venture Capital  

Venture capital funding is one of the most popular ways for startups to get started. It’s also a way for investors to make money from their investments. In this article, we’ll explain what venture capital is and how it works as well as its function in the economy. 

What is Venture Capital? 

Venture capital is financing that investors provide to startups and small businesses that are believed to have long-term growth potential, which can include a number of different models, including equity ownership. 

The exact definition of what makes a business eligible for venture capital may vary from one place to another, but the general idea is that these companies must have the potential for significant growth and return on investment. 

Venture capital generally comes from well-off investors, investment banks and any other financial institutions. It is important to note that venture capital is usually provided by well-off investors, investment banks and any other financial institutions. 

The process of raising venture capital usually involves several stages of investment.  

The first stage is called the “seed round,” which generally includes a small amount of money – 5 to 10 lakh or less – given to a startup company at an early stage in its development. This funding will help the startup develop their idea as well as create prototypes or test products.  

Once this stage has been completed successfully, it can lead onto further rounds of financing where more money is invested into the startup in exchange for equity stakes in its future profits. 

Steps to acquire Investment from a Venture Capital 

Step 1: Submit a plan to the potential investor. 

A venture capitalist will generally ask for some type of formal business plan before any money is invested in your company. For example, if you are starting a property business you need to lay out a plan for how to execute the operations and submit it to potential investors. 

The format can vary, but typically you’ll have to write up an executive summary, a market analysis and competition section along with financial forecasts (if required). 

Step 2: Present the plan to its board of directors.  

After receiving your proposal, they will review it and decide if they want more information from you or if they want to proceed with full due diligence investigation.  

In most cases it’s best practice for entrepreneurs not only provide their own written material but also arrange for personal meetings with prospective investors so as better explain their ideas first hand as well as answer questions about themselves personally and professionally. 

Step 3: Perform due diligence investigation on the business and its founders.  

A venture capitalist will want to know if they are investing in a good idea or a bad one. To do this, they will typically send their own employees out to meet with customers, suppliers and competitors of your company as well as review any relevant financial records.  

They may also ask for more information about how you plan to allocate funds from investors (i.e. what percentage goes towards salaries). What kind of profit margins your product has compared with competitors (if applicable). Any other relevant questions that may help them determine if there is a market for your product or service. 

Step 4: Negotiate a term sheet.  

After reviewing all of the materials submitted by the entrepreneur, if they are still interested in investing they will send a term sheet to you which outlines all of their investment terms as well as any conditions that must be met before they can officially invest. 

Conclusion 

We hope that you have gained a better understanding of venture capital, and how it works. This blog is compiled by Someshwar Srivastava a professional venture capitalist, investment banker, and blogger.  

It’s important to note that not all ventures are successful, but there are plenty of success stories out there. The best part about venture capital is that it allows investors to take risks on high-risk/high-reward opportunities so that new ideas can flourish in our society!