first_imgThe Gujarat government on Monday canceled all permissions granted to the bankrupt Sterling group promoted by the absconding Sandesara brothers to develop an all-weather port in Dahej.The absconding promoters of the Sterling group – Nitin and Chetan Sandesara – are alleged to have defrauded over ₹ 14,500 crore of public money. Two of their flagships–Sterling Biotech and Sterling SEZ are in bankruptcy tribunals now.Both the brothers are absconding since their names came up in the bank loan scam and money laundering activities and federal agencies began probing them.“Chief minister Vijay Rupani today decided to cancel all the permissions given for building an all-weather berthing port at Dahej to Sterling Ports of Nitin Sandesara,” the chief minister’s office said in a statement on Monday.“Rupani has also directed the Gujarat Maritime Board to recover the amount that the company had to pay as bank guarantees and also to take re-possession of the 84.95 hectares given to the company for developing the port,” the statement added.The Gujarat Maritime Board and a consortium led by Sterling Biotech had entered into an agreement to develop the Dahej port as an all-weather direct berthing port in 2009.Following this, the board had handed over 84.95 hectares to the group in 2010.The Sterling consortium had formed a new company – Sterling Port – to develop the port and had also signed a concession agreement in 2014 with the board.As per the agreement, the company was to invest ₹ 2,500 crore in the first phase and had to deposit 1.5 percent of the equity along with another ₹ 5 crore as performance guarantee with the maritime board.But the company is yet to start any work on the port, government officials said, adding it even failed to deposit ₹ 37.50 crore which it had to pay as bank guarantee to the government.Earlier in the day, the board of directors of the maritime board met and recommended to cancel the contract, they said, adding following this, the Chief Minister ordered cancellation of all the agreements and permissions given to the Sandesara group.The Sandesaras brothers are alleged to have committed bank frauds to the tune of ₹ 14,500 crore of the one by Sterling Biotech alone is around ₹8,100 crore, according to the Enforcement Directorate. The brothers have been absconding since the federal agency CBI registered a bank fraud case against them in 2017.last_img read more

first_imgTwo children died in a stampede during ‘Chhath puja’ (offering to the sun god) late on Saturday in Bihar’s Aurangabad district.The incident happened near the Sun temple in Deo area of the district where a large number of devotees had gathered to perform the puja to the setting sun.The district officials said the incident happened when the devotees were returning after observing the religious ritual.Sun temple at Deo in Aurangabad district is famous for ‘Chhath puja’ congregation.The deceased children have been identified as Prince Kumar, 4, and a seven-year-old girl from Bihta of Patna district.District Magistrate Rahul Ranjan Mahiwal and Superintendent of Police Deepak Barnwal said the incident happened as an unexpected number of devotees had gathered at the temple and this led to a stampede.The officials met the family members of the children and said an ex gratia amount would be given to them.The four-day ‘Chhath puja’ ended on Sunday morning after devotees offered obeisance to the rising sun.last_img read more

first_imgDon’t miss out on the latest news and information. DA eyes importing ‘galunggong’ anew Panelo: Duterte ‘angry’ with SEA Games hosting hassles Hontiveros presses for security audit of national power grid Cayetano: Senate, Drilon to be blamed for SEA Games mess Rockets set NBA record with 27 3s, rout Suns PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss “Let me just say that for 47 years, Warriors fans have stuck with us through thick and thin,” Kerr told the crowd moments after the final buzzer, also thanking arena staff. “Let’s be honest, most of those years have been a little thin.”Landry Shamet scored 17 points with five 3-pointers for a Clippers team still missing Patrick Beverley because of a right hip pointer. Los Angeles dropped into a seventh-place tie with San Antonio in the West by losing its third straight. Now, the Clippers play the Jazz in the regular-season finale Wednesday and with various scenarios very well could be returning to Oracle next weekend for Game 1 in the first round of the playoffs.Green just missed a triple-double with 10 points, 10 rebounds and nine assists in Golden State’s seventh win over the last eight games and fifth in a row at home. DeMarcus Cousins contributed 12 points, nine boards and four assists playing with foul trouble.Even with the playoffs around the corner, this was a night of celebrating the end of a nearly five-decade run in the arena.“Are they not going to make the playoffs?” Clippers coach Doc Rivers quipped. “I hope they don’t make it. That would be phenomenal. I’m just saying, it would be.”ADVERTISEMENT Clippers: Rivers would like to play the Warriors in the playoffs, just not in the first round. “If you want to win, you’ve got to play somebody at some point. We’re not dodging,” Rivers said. “I just want to be healthy and playing great in the playoffs. Do we want to play the Warriors in the playoffs? Yes. Do we want to do it in the first round? Probably not, but you’ve got to take it when you get it.” … Los Angeles is 0-4 without Beverley, who missed his third straight game. … The Clippers were outscored 42-18 in the third. … All five starters reached double figures.Warriors: A tribute to Al Attles was shown on the big screen during a first-quarter timeout for his selection into the Naismith Basketball Hall of Fame. Attles, a former player, coach, general manager with the Warriors and current ambassador, hasn’t been well enough to attend games this season but received an ovation. … Cousins received his third foul 6:49 before halftime on a debatable charge. … Shaun Livingston, who had been questionable with a bruised left knee, made all four of his shots in 13 minutes. … Every Warriors player scored. … Andre Iguodala sat out with a sore left toe. … Golden State finished 30-11 at home and 19-7 against the Western Conference.UP NEXTClippers: Host Utah on Wednesday.Warriors: At New Orleans on Tuesday to start a back-to-back to conclude the season at Memphis on Wednesday.Sports Related Videospowered by AdSparcRead Next Philippine Arena Interchange inaugurated Golden State Warriors’ Stephen Curry greets fans as he takes the court for warm up shots prior to an NBA basketball game against the Los Angeles Clippers Sunday, April 7, 2019, in Oakland, Calif. (AP Photo/Ben Margot)OAKLAND, Calif. — Steve Kerr sure would like to properly thank the loyal fans at Oracle Arena one more time. In June. With another championship in hand.“Hopefully we’ll have another send-off in a grander manner,” Kerr said.ADVERTISEMENT MOST READ Private companies step in to help SEA Games hosting SEA Games hosting troubles anger Duterte LATEST STORIES Soaking in the franchise’s nostalgia of yesteryear, Stephen Curry scored 27 points and helped the Golden State Warriors clinch the Western Conference’s top seed with a win in their final regular-season game at Oracle Arena, beating the Los Angeles Clippers 131-104 on Sunday night for a fifth straight victory.Kevin Durant added 16 points and seven assists, making six of seven field goals, as the Warriors players opted to honor the past by sporting throwback white “We Believe” jerseys worn during the 2007 playoff run that snapped a 12-year postseason drought.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“These jerseys hold a special place in Warriors’ fans hearts and this organization and the history of this organization,” Draymond Green said.A banner commemorating 47 years at Oracle was unveiled afterward and it will move across the bay to hang inside new Chase Center in San Francisco where the Warriors will play next season. Duterte wants probe of SEA Games mess The Warriors beat the Clippers for the 16th time in the last 18 matchups and 15th in 17 at home.Golden State made 10 of its first 13 shots — Durant hitting his initial four and Curry starting 3 for 3. Curry wound up just 3 for 10 from deep.“We just got frustrated with not making shots and against them you have to make shots,” Rivers said.HONORING ORACLEThe Warriors played their 1,936th regular-season game at Oracle, where the first game was held on Oct. 24, 1967, against Cincinnati. Golden State’s overall record in the venue: 1,166-770.“Since it’s not really the last game here, I know it’s a ceremonial final game, I didn’t get too sentimental or emotional or anything because hopefully we will be coming back here and playing a lot more games in the next couple months,” Kerr said. “I’ll probably hold off onto the emotion until it actually happens.”Kerr narrated an appreciation video to fans and the arena on a night old favorites such as Sleepy Floyd, Rick Barry, Adonal Foyle and Marreese Speights were on hand for the festivities.The Oakland Symphony performed at halftime as more highlights played.“I think sports history is going to remember those teams that played here,” Shamet said.TIP-INS View commentslast_img read more