Court fines company for petitions against Wipro founder Azim Premji

Karnataka High Court has imposed Rs. 10 lakhs as the cost on India Awake For Transparency. According to the court, the multiple petitions filed by India Awake against Founder and Chairman Azim Premji of Wipro are quite silly and senseless.

India Awake For Transparency is a Chennai based non-profit organization that now has to pay Rs. Ten lakhs to the Registrar General of Court in a month.

The court noted apart from registering a slew of PILs in Delhi and Karnataka High Court asking for an investigation into alleged money transfers from 3 companies to a private trust under Azim Premji and his Spouse Yasmeen Premji’s control. It has asked for the intervention of SEBI, ED, and RBI into the matter.

“The Petitioner, India Awake, is indulged in forum shopping on the same cause of action. As per SC, this amount to criminal contempt as the central issue in all these petitions is the same, “Justice P S Dinesh Kumar stated in his Judgement.

Even after warned by the court, the petitioner argued, contending it to be a standalone plea, and wasted valuable time of the Hon. Court.

This firm has asked for directions to the Ministry of Corporate Affairs to Act Against Azim Premji and others involved.

The main accusation was that huge assets and belongings of Vidya Investment and Trading Company Pvt. Ltd, Regal Investment and Trading Company, and Napean Trading and Investment Company Pvt. Ltd were illegally diverted in the form of gifts and transfers to a trust controlled by Mr. Premji and his wife.

The PIL filed by the Organisation has asked to form a multi-disciplinary team to probe the same allegations which were already disposed of by the Delhi Court on May 29, 2017, Premji counsels said.