Year: 2022

Someshwar Srivastava - Finance and criminal writer
sandeepsainip121@gmail.com blog

Someshwar Srivastava – Writer, Blogger, Investment Banker

Someshwar Srivastava was born in Delhi. He developed an interest in business and investing in his youth. He went on to post-graduate from the Great Lakes Institute of Management where he molded his investment philosophy around the concept of value investing. During his post-graduation, he focused more on the finance-related field, and soon after, he started as a freelancer in writing and Investing. He used to write blogs about investments, venture capitalism, Financial modeling, mergers, and acquisitions.

Name                                                   Someshwar Srivastava
Age                                                      50 years
Height                                                 5.9″
Language                                            Hindi, English, Arabic, Chinese
Experience                                          25 years
Interest Writing                                  Finance, Investment banking,
Favorite Game                                    Chess, Football, Basketball
Companies                                         SVGMA, INDIA DESIGN, SAHEJ
Current position Self-employed
(Investment banking, blogger)
Parents                                             
Father Mr. Bishmbhar Srivastava
Mother                                              Mrs. Latalaxmi Srivastava-
Relatives                                           Unknown
Education                                         Graduation – Ansal university
Post-Graduation Great lakes Ins
Institute of management
(GLIM)                

During his freelancing, he got an opportunity to work as an investment banker and help that company raise funds. That was his first successful project. Slowly and gradually he started working with startup companies and now he has mentored more than 30 startups in raising funds. He has traveled to over 200 cities and 75+ countries around the world and helped different businesses.

Someshwer is now based in Dubai and London and has become an active board member as a venture capitalist and advisor to many businesses worldwide. He has a leading team of highly qualified and accomplished professionals from the UK, US, India, China, Hong Kong, Singapore, Australia, Europe, and the GCC. He has invested in different industries like technology, Infrastructure, Entertainment sectors in Europe, India, the Middle East, and the UK.

Someshwer Srivastava has leading experience in leadership roles such as MD, COO, and Board. He also has experience in international and regional private equity, investment management, and investment banking.

 Someshwer is expertise in investment and acquisitions deals, mergers and acquisitions, negotiated minority and majority equity investments, fundraising, business restructuring, formulation of strategic initiatives, forecasting, and financial modeling and valuation. He can identify global and regional industry trends and articulate a clear investment thesis. He has experience in board oversight, management control systems, and reporting.

Someshwar Srivastava
sandeepsainip121@gmail.com blog , , , ,

Sana accuses Asthana & Prasad: CBI Bribery Case

A Hyderabad based businessman Satish Babu Sana has accused former CBI DSP Rakesh Asthana and Dubai based businessman Manoj Prasad of taking bribes from him.

In a case filed by Sana, he alleged that Prasad had demanded bribes from him to give him a clean chit in the case regarding meat exporter Moin Qureshi. 

Manoj was in direct contact with a RAW official who was in turn in contact with Asthana and he too demanded bribes to spare him any CBI action in the same case.

Rakesh Asthana was the chief investigating officer in Sana’s case.

He replaced former CBI director general Devender Kumar who was earlier the investigating officer in Qureshi’s case questioning Sana. He was arrested when Sana accused him of forgery.

Rakesh was arrested by CBI on the same grounds of criminal conspiracy, misconduct and corruption as alleged in the FIR by Babu. 

In January, though, a Delhi High Court dismissed the pleas of Asthana, Devender and Manoj and seeked quashing of the FIR against all 3.

The court also expressed displeasure over the CBI’s handling of the bribery case. It ordered the CBI to conduct the investigation properly.

The CBI is the main and sole investing agency of India. It has been blasted several times in the past for tampering with evidence and turning the case in favour of the accused and arresting its own officers.

In May, CBI appealed to the court to extend the investigation of the case by 4 months, which was granted by the court.

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Delhi HC seeks response from CBI in Manoj Prasad bribery case

CBI had arrested Manoj Prasad, a Dubai based businessman involved in a bribery case which also involved former director general of CBI Rakesh Asthana.

Rakesh Asthana was also arrested by CBI when a Hyderabad based businessman Satish Babu Sana accused him of demanding a bribe to avoid Sana any CBI action in the 2017 case of meat exporter, Moin Qureshi. 

It was alleged that Prasad acted as a middleman on behalf of Asthana by taking a bribe and offering Satish a clean chit.

CBI is the primary and main investigating agency of India.

Fully known as Central Bureau of Investigation, CBI was formed in 1963 with a view to solve low level cases across India involving corruption, bribery and all economic offences.

The CBI has been accused multiple times of tampering with evidence involving high profile cases and turning the case in favour of the accused. 

CBI was given higher jurisdiction to look into multinational and international level cases later on and the accusations have been levied ever since.

In the case involving Sana, it was alleged that Prasad was in contact with an official from RAW who was in contact with Asthana.

Hence, Asthana was booked on grounds of criminal conspiracy, criminal misconduct and corruption under prevalent sections of Prevention of Corruption Act.

However, a Delhi High court panel involving judge Sanjeev Agarwal gave a clean chit to Asthana and accused CBI of not handling the case properly.

Former CBI DSP Devender Kumar who was the investigating officer earlier in the case involving Qureshi, was arrested in the case of forgery in the statement recorded by Satish. 

Satish had alleged that he had paid the bribe to Kumar to get relief in the case. 

In January, the high court dismissed the pleas of Asthana, Kumar and Prasad seeking quashing of the FIR against them. 

 In May, CBI had requested a plea to the high court for extension of time in the case by 4 months and was allowed by the court.

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Manoj Prasad vs CBI: Court grants clean chit to Asthana

The CBI has been slammed by a Delhi high court regarding a bribery case involving former special director Rakesh Asthana. 

Responding to the investigation carried out by CBI, judge Sanjeev Aggarwal accused CBI of not conducting the case properly and raised questions about how they arrested their own DSP in the case filed by Hyderabad based businessman Satish Babu Sana.

The CBI (Central Bureau of Investigation) is the sole and primary investigating agency of India.

The CBI originally solved low profile cases like corruption and bribery, it soon was given power to solve high level cases at the multinational and international level.  

In hindsight though CBI has previously been accused of tampering evidence in multiple cases and reversing the case direction towards its own investigating officers accusing them of multiple cases. 

In this case, Sana accused Asthana of demanding bribes from him in exchange for sparing him any action in regards to the case involving a meat exporter, Moin Qureshi. 

The case involving Qureshi was filed back in 2017.

Rakesh was the main head leading the special unit questioning Sana when he accused him of taking bribes.

CBI in the past has many instances of facing off with other legal law enforcement agencies for example ITA (Income Tax Authorities), IB (Intelligence Bureau), Directorate of Enforcement and many more police forces of different states. 

This happens because CBI lacks legal powers to operate on an all-India basis. 

Such cases don’t sit well with a legal system where rule of law is firstly paramount.
CBI also arrested Manoj Prasad the main accused in the bribery case because Sana also accused him of taking a bribe to give him a clean chit. 

CBI DSP Rakesh Asthana
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Court gives bail to CBI DSP Rakesh Asthana

A Delhi court slammed the CBI over a bribery case in which they arrested their own DSP Rakesh Asthana. CBI (Central Bureau of Investigation) is the primary investigating agency of India. 

It was originally set up to investigate low level cases like bribery and corruption, it soon received expanded jurisdiction to investigate multi level and international cases. CBI is also termed as the “sole point of contact” for liaison with Interpol.

In regards to the case involving Asthana, he was arrested by CBI in response to a complaint filed against him by a Hyderabad based businessman named Satish Babu Sana. 

Sana in his complaint accused Asthana of taking bribe from him for sparing him any action regarding a case against Moin Qureshi, a meat exporter from way back in 2017. Rakesh was the head leading the special unit from CBI questioning Sana in the case when he was accused. 

The court granted bail to Rakesh and accused CBI for not solving the case properly. CBI also arrested Manoj Asthana, a Dubai based businessman who was one of the main accused in the case. 

The CBI in the past has been accused of tampering with evidence in big cases and turning the tide in favour of the accused and blaming their own special officers for using harsh responses in order to get the accused to confess to their crimes.

It was nothing new when the court once again expressed their displeasure in the bribery case and told them to once again start properly, until then the case was deferred and the DSP given a clean chit.