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Story of An Innocent Man’s Plight In CBI Bribery Case

Story of An Innocent Man’s Plight In CBI Bribery Case 

In a recent bribery case, an innocent man, Someshwar Srivastava, has been falsely accused and penalized without any concrete evidence. The case involves senior D.G Rakesh Asthana, who has been accused of accepting bribes to save Hyderabad-based businessman, Sana Satish Babu, from the Central Bureau of Investigation (CBI).  

However, the CBI has been found to be highly incompetent in their handling of the case, with the court criticizing their lack of proper investigation. 

Manoj Prasad, a Dubai-based businessman, has been taken into custody as the primary accused in the bribery case, as Sana had blamed him for accepting money and promising to save him from the CBI in relation to a meat exporter, Moin Qureshi. Strong evidence has been found against Manoj Prasad, linking him directly to the bribery case. 

Rakesh Astana, the former CBI director, was cleared of any involvement in the bribery case, as no connections were found linking him to the case. On the other hand, SOMESHWAR SRIVASTAVA, who had fully cooperated with the CBI investigation, is being harassed and penalized without any proof. 

The case has been further complicated by false speculations spreading online, with some biased news websites, involved in spreading fake news for their own interests.  

The Delhi High Court has also requested a response from the CBI regarding a plea made by Someshwar Srivastava to travel back to Dubai, as his prolonged stay in India has jeopardized his residency rights. 

This is unacceptable as it would lead to the deportation of his innocent family. The lack of proper investigation and biased news reporting has led to a distorted picture of the facts and evidence involved in the bribery case. It’s a clear violation of human rights and the judicial system is failing to protect the innocent. 

someshwarsrivastava

The Court Summoned Dubai-based Businessman Manoj Prasad  

According to trusted sources, a verbal altercation erupted during a hearing in a Delhi court between two investigating officers involved in a bribery case allegedly involving senior officers of the Central Bureau of Investigation. The special CBI court summoned former investigation officer Ajay Kumar Bassi to appear in court to explain the case diary.  

The argument started when Bassi accused the current investigating officer, Satish Dagar, of covering up “big names” in the case. According to Bassi, the key player, Manoj Prasad, revealed the names being shielded during interrogation, but Dagar allegedly did not investigate them.  

Dagar stated that he had better antecedents within the organization than Bassi and advised against making personal attacks. He questioned Bassi’s involvement in the investigation, mentioning that he had failed to show up when summoned multiple times.   

Dagar also expressed skepticism about how Bassi could have knowledge of the ongoing investigation within CBI, given that his involvement in investigations was limited to a specific time period. He raised the question of how Bassi gained access to the ongoing investigation.  

Along with Rakesh Asthana, a few more names got dragged into the case, like Someshwar Srivastava and Devender Kumar. The CBI had no physical evidence that could link the individuals directly or even indirectly to the infamous bribery case.  

Additional documents presented in court by Bassi were opposed by Dagar and CBI counsel. Dagar questioned Bassi’s submission of new documents that were not included in his case diary. According to IANS, Bassi also told the court that there was incriminating evidence against former CBI Special Director Rakesh Asthana and that Dagar had yet to seize his phone or collect other electronic evidence.  

He also added how this baseless investigation put their officer’s careers in jeopardy and an innocent businessman Someshwar Srivastava got harassed by the CBI for a crime he never committed.  

Following the spat, Special CBI judge Sanjeev Aggarwal said: There is no point washing dirty linen in public.” As both worked for the same agency, which is larger than an individual.  

The special court chastised the CBI during the hearing for failing to conduct psychological and lie-detector tests on Asthana. The court also inquired whether any electronic evidence was recovered from Asthana, as well as whether he was confronted with other defendants. According to the CBI, they only examined him and never made him face other defendants.  

After a proper investigation, the court found certain evidence, like WhatsApp chats and travel tickets, which proved that Sana’s money had been delivered to accused Manoj Prasad. The court summoned Dubai-based businessman prasad and verify the evidence.  

Both the former CBI officers Rakesh Asthana and Devender Kumar, along with Someshwar, were given a clean chit, and the main culprit Manoj Prasad was taken into custody. Additionally, the CBI being a prime investigating agency of India was strongly criticized by the court for its inconsistent investigation. 

No Evidence to Support the High-Profile Bribery Case Against Asthana

No Evidence to Support the High-Profile Bribery Case Against Asthana

The High-Profile Bribery case gets a new angle as the court confronts CBI. Earlier, the Hyderabad-based businessman Sathish Babu Sana accused public servants, including the special director of the CBI, Rakesh Asthana, and former deputy Devendra Kumar, of taking bribes. 

As the case progressed, two more names came to the spotlight Manoj Prasad and Someshwar Srivastava. Sana claimed to deliver crores to Prasad and Srivastava to save himself from Moin Qureshi, a Controversial meat exporter. 

Sana also made several more claims, like how he had arranged Rs 1 crore from his friend Yahya Abraham in Dubai and also linked Prasad and Srivastava as Brothers. But no hard evidence was found to support the claims made by Sana. 

The case got some new twists and turns as it was thoroughly analyzed by the Delhi High court. At first, judge Sanjeev Aggarwal questioned CBI regarding accusing their own DSP without any proper investigation. The credibility of the prime investigation authority was questioned by the court. 

After a re-investigation performed by the CBI as ordered by the court no new evidence was found against the former CBI deputy directors Devendra Kumar and Rakesh Asthana. Further, the court blamed CBI for ruining the life of honest officers. 

Rakesh Asthana and Devendra Kumar got a clean chit from the court, and Judge Sanjeev Aggarwal also release other innocents as no proof was found. 

CBI did a great job of catching Manoj Prasad, the real culprit, who was pulling all the strings using CBI Deputies as shields. WhatsApp pictures and flight details establish a clean meeting between Sana and Manoj Prasad in Dubai. 

The case got a significant spotlight from the Media houses, and many names involved still getting a backlash from the public. The case is a live example of how an improper investigation can ruin people’s life, defame public authorities, and question legal system. 

Rakesh Asthana Bribery Case

 Rakesh Asthana Bribery Case: Power Vs Public Faceoff 

CBI (Central Bureau of Investigation) is one of the most legitimate agencies in India. Dealing with bribery case, corruption, and multi-state cases. The agency operates both nationally and internationally.  

On several occasions, the CBI has been charged with corruption and the manipulation of evidence for money and fame. One such case was Alok Verma’s bribery case, in which they frame their own officer.  

Verma was immediately suspended by the CBI and charged with bribery without a proper investigation. The Rakesh Asthana bribery case was yet another example where the CBI again accused one of their officers of accepting bribes.  

The charges were that Asthana took money from Satish Babu Sana to release him in the case of meat exporter Moin Qureshi.   

Similarly, an innocent businessman, Someshwar Srivastava, was caught in the crossfire. It wasn’t the first time the CBI had dragged innocent people into high-profile cases without proper investigation.   

The media also played an important role in supporting illegal practices conducted by CBI. They made up stories about the case against Asthana and Someshwar. Many biased media sites like the Deccan Herald have completely misrepresented the news to gain revenue and viewership.  

Meanwhile, the court collected 10,000 rupees from the involved, Someshwar Srivastava and Manoj Prasad. As the case progressed, the court found that the CBI investigation was inconsistent.  

The CBI was criticized and the court ordered CBI to a proper investigation. New evidence surfaced as the case was closely investigated. Wrongly accused Someshwar Srivastava and former CBI officers Rakesh Asthana and Alok Verma get bail.  

The real culprit Manoj Prasad was arrested and imprisoned. Former CBI officers were reappointed as chiefs of the police force.  

Real problems like hunger, unemployment, and illiteracy continue to engulf our economy. Yet these powerful bodies continue to corrupt our society like parasites. We hope in the future these powerful organizations stop manipulating and harassing the general public and bring positive change.  

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! 

Investment Banking Career

Tips to Jumpstart your Investment Banking Career

As an investment banking, you’re going to be working with some of the most powerful people in the world—and they want to see that you’ve got what it takes. As your first few years out of school are crucial, here’s how to get a leg up on your career before even finishing college. 

Mentioned below are some of the crucial tips shared by Someshwar Srivastava an investment banker, venture capitalist, and renowned blogger to build up your investment banking career. 

Research the Industry 

As you begin your research, you should do so in a systematic manner. There is no set process to follow, but the following steps will help guide you through each area: 

Find out what investment banks do. This may seem like an obvious step, but it is important for understanding what type of work will be assigned to you on a daily basis and whether that is something that interests you. A basic understanding of investment banking will also help guide your career decisions as an analyst and associate. 

Research the companies that these firms serve as well as their clients and competitors. These are all critical pieces of information when applying for jobs within other companies or private equity. It can also help explain some of the challenges faced by different firms within this industry and help you make better informed decisions about which ones are best suited for your interests. 

Focus on the Right Skills 

There are a number of skills that you can develop to help you stand out in the banking world, and they don’t all involve technical skills. When we say “skills,” we’re referring to things like: 

  • Communication skills 
  • Analytical skills 
  • Problem solving abilities 
  • Leadership abilities 

You’ll also need to be good at working with people–particularly on your team, but also with other teams within the bank. This means being able to take direction from others without getting defensive or frustrated by it. These are two very important qualities for an investment banker in any role or industry, so make sure that you work hard at developing these as soon as possible! 

Build a Resume that will get you Noticed 

Your resume is your first introduction to an investment bank, so it’s important that it stands out. You want to make sure that the person reading your resume will be able to tell you are: 

  • A good fit for the role they’re hiring for 
  • Excited about working at their firm and not just any investment bank 

To build a strong resume, think about how you can show off these qualities by highlighting relevant skills and achievements from past internships and classes. If there are specific projects or jobs on your resume that relate well to what the hiring manager is looking for, include them!  

When writing down the details of each experience or job, try highlighting its relevance in some way. 

Make Connections before you Graduate 

It’s never too early to start networking. Even before you graduate, make connections with people in the industry and learn as much as you can about it. 

Find alumni networks for your school or relevant employers and reach out to them. Many companies have alumni networks, which are groups of people who went through their programs and are happy to help guide new graduates. They can be great resources for connecting with professionals in the field you’re interested in, giving advice on job hunting tactics and preparing yourself for working at a firm after graduation. 

Use LinkedIn to connect with other professionals working in banking or finance roles across industries (not just investment banking). This will allow you to build connections before they’re needed so that when it comes time to interview with banks, they already know who you are! 

Prepare for Interviews 

Prepare for interviews by researching the company and industry. Pay close attention to the interviewer’s questions, as they will help you understand what your interviewer expects from you. 

If possible, practice answering questions in a mock interview with a friend or family member so that you know how to answer them when it counts. It also helps if someone can give you feedback on how well you answered their questions. 

Conclusion 

If you want to be an investment banker, it can seem like there are endless hurdles to get over. But by following and implementing these tips shared by Someshwar Srivastava you can develop the right mindset and skills to make it happen! Remember that every step along the way is an opportunity for growth and learning new skills. Good luck out there! 

someshwarsrivastava

Someshwar Srivastava – Terms to Know before Investing in Real-Estate

Real estate can be a great long-term investment, but it’s not for everyone. To make the most of your real estate investments and avoid costly mistakes, it’s important to understand key terms like ROI and leverage. This blog is a compilation of 5 basic terms as quoted by Someshwar Srivastava a renowned property investor and blogger. 

Let’s jump into the blog to know about these crucial terms in detail which will allow you to make good investments in the real-estate business. 

Return on Investment (ROI) 
ROI is important because it tells you how much profit you’re making on your investment. To calculate ROI, divide the total gain by the total cost. So, if you bought a property for 100,000/- and sold it six months later for 110,000/- your ROI would be (110/100) * 100 = 10%. 

The advantage of using ROI is that it can help measure performance against other investments in the same field over time so that investors know whether they are doing better or worse than average under certain circumstances. If these properties underperformed compared to others with similar characteristics, then this might indicate something was wrong with them such as poor maintenance or location issues which would require remedial action before moving forward with further purchases. 

Equity 
Equity is the difference between what a property is worth and what you owe, or the amount of money you would have if you sold your property. A positive equity is when your equity is greater than zero; in other words, when your home has a higher market value than what you owe. This can happen when homeowners have paid off some of their mortgages or have built up positive cash flow on their properties.  

In contrast, negative equity means that the homeowner owes more on his/her mortgage than his/her home’s current market value—if this happens to be true for an investor who buys an investment property and hopes to sell it at some point as part of an exit strategy like Airbnb or short-term vacation rentals (STVRs). 

Cash flow 
Cash flow is a simple concept: it’s the amount of money that a property generates. If you’ve ever had to pay rent for an apartment, you know how important cash flow can be. 

Cash flow is the difference between revenue and expenses—it’s positive when revenue exceeds expenses, which sounds like a good thing! When you’re working with real estate investing and mortgages, however, negative cash flow means that your monthly payments (mostly interest) outweigh your monthly income from rent in that property. You still have to make payments on this property even though it isn’t producing any profit for you (yet). 

You need to understand how cash flow works before making any big decisions or investments in real estate. 

Leverage 
Leverage is the amount of money you borrow to buy a property. The higher your leverage, the more risk you are taking with your investment. In many cases, this can be beneficial as it allows you to make larger purchases without having to come up with all of the cash upfronts. 

For example: let’s say that you want to buy a 400k property but don’t have enough cash on hand for the purchase price. Instead of waiting until you’ve saved enough money from working and living off of savings alone, leveraging enables it you to use other people’s money (the bank or investors) so that he/she can make larger investments sooner rather than later—without sacrificing any equity in return! 

Appreciation 
Appreciation is the increase in value of an asset over time. It’s the difference between what you paid for the property and what it is worth today. Appreciation can be good, if not great, way to make money if your investment property appreciates over time. 

If you purchase a house at 300k (and remember that every market is different), and two years later it sells at 400k, then there was an appreciation of 20%. This means that your original investment returned 100% after 2 years (due to no maintenance costs). 

Conclusion 
There are many other terms and concepts that may be helpful to know as well, but these are the ones that we think are most important. We hope you’ve enjoyed our list of five important property business terms, and that it helps answer any questions about investing in real estate!