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Observations

IDFC Capital CEO Tapasije Mishra caught with his pants down

As per news reports,

A Delhi district court has rejected the anticipatory bail plea of IDFC Capital CEO Tapasije Mishra in a case filed against him by a woman alleging sexual abuse, intimidation and breach of trust.

The complainant, a divorcee with a nine-year old son and a former air hostess with Emirates Airlines, in an FIR filed with the Vasant Kunj police station (New Delhi), had alleged that Mishra had sexual relations with her for the last three years while promising to marry her. Mishra then backtracked on his commitment, and his father (also named in the FIR) threatened the complainant with dire consequences unless she stayed away from him (Tapasije), she alleged.

In his ruling, Additional Sessions Judge Daya Prakash, said custodial interrogation of the accused was required for investigating the allegations of mental and physical torture.

 

I find it interesting that IDFC has not informed the stock exchanges of this development.Is it because they think that their CEO getting arrested is not material information?

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Video

Where in the world to invest?

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Infographics

Infographic:What does your handwriting say about you?

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Links

Linkfest:July 05,2013

Some stuff I am reading today morning:

NMDC’s low valuation cushions price cut impact (Mint)

Just who are the angadias? (BS)

Why UPA’s good intentions are ruinous (Firstpost)

Real estate deals 2015 (Subramoney)

How Gold lost its lustre and other stories (BigPicture)

Of Jon Corzine and King Lear (JeffMatthews)

Economies face oil and rate headwinds (Moneybeat)

Who should start a bank in India? (AjayShah)

Gold-Has the narrative failed?(Acting-Man)

Digvijaya’s desperate and dangerous communal call (Mediacrooks)

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CoatTailing

What is Amitabh Bachchan doing with M&B Switchgears Ltd?

While researching for my Investor Wisdom Newsletter, I came across this interesting factoid.

Superstar Amitabh Bachchan holds a significant stake in M&B Switchgears Ltd.(NSE Symbol:MBSWitch)

His stake over the last three quarters is given below:

# of Shares % Date End
342080 1.71 Sep-12
3262750 1.63 Dec-12
3170648 1.59 Mar-13

The stake is steadily coming down over the last few quarters.

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