Latest news with #SIB
Hans India
6 days ago
- Politics
- Hans India
Telangana: SIT to question former SIB chief Prabhakar Rao again today
The Special Investigation Team (SIT) is intensifying its probe into the Phone Tapping Case, with former SIB chief Prabhakar Rao set to appear for questioning at the Jubilee Hills Police Station today at 11am. This marks Rao's fourth appearance before SIT officials. In a related development, PCC chief Mahesh Kumar Goud will also provide a statement today as a witness in the case. Goud's phone was reportedly tapped by Praneeth Rao's team, whose phone data revealed 400 compromised numbers. Former Gadwal ZP Chairperson Saritha, who contested as a Congress candidate in the last elections, will also appear before the SIT. Moreover, Praneeth Rao is scheduled to appear for questioning on Wednesday.
Time of India
11-06-2025
- Politics
- Time of India
SIB ex-chief: Did political snooping, destroyed hard discs
Hyderabad: In a major development in the high-profile phone tapping case, former chief of Special Intelligence Branch (SIB), T Prabhakar Rao, admitted that a special operations team (SOT) within the SIB was engaged in political surveillance during his tenure. Tired of too many ads? go ad free now Rao maintained senior police officials were fully aware of these activities and did not name any political leader as being involved. During a nine-hour-long interrogation on Wednesday, Prabhakar Rao claimed he continued as SIB chief after his retirement in June 2020 only at the insistence of top police officials. He presented a two-page recommendation letter from a senior officer backing his reappointment. Investigators focused on the formation of the SOT in 2018, which Prabhakar Rao confirmed was tasked with political surveillance—far outside SIB's original anti-Naxal mandate. Prabhakar Rao asserted that he acted under the instructions of senior police officials above him in the chain of command. He also admitted that hard disks containing phone tapping data were destroyed in 2023, well before the mandated retention period and just ahead of the Congress coming to power. He remained evasive on whether the decision was made under instructions from higher-ups in the police department, but made no mention of any involvement by the political leadership. The case, registered at Punjagutta police station on March 10, 2024, has raised serious questions about privacy and the alleged misuse of state intelligence for political purposes. Prabhakar Rao had fled to the United States via Chennai shortly after the probe began. However, on June 8, following a Supreme Court order restoring his passport and granting him protection from arrest, he returned to India and appeared before investigators on June 9. Tired of too many ads? go ad free now In his latest round of questioning on Wednesday, Rao appeared prepared, with responses closely aligning with earlier court submissions. He remained evasive when asked to name individuals who were under surveillance, often citing lack of memory or knowledge. He said the SOT operated under deputy superintendent of police G Praneeth Rao's supervision and that sensitive data was destroyed before its due date. No electronic devices were seized from him so far, but investigators are considering seeking written responses to clarify further points. Officials plan to question Praneeth Rao again on June 13, while Prabhakar Rao will face another round of questioning on June 14.
Gulf Today
10-06-2025
- Business
- Gulf Today
Nasdaq Dubai welcomes listing of $500 million AT1 Sukuk by Sharjah Islamic Bank
Nasdaq Dubai today welcomed the listing of a US$500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank (SIB). The perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and are compliant with Basel III regulations. The issuance attracted strong interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to fuel its long-term growth plans. This latest transaction brings the Bank's total outstanding on Nasdaq Dubai to $2.5 billion across five listings. It also reinforces Dubai's strategic role in advancing the Islamic capital markets ecosystem. To mark the occasion, Ahmed Saad, DCEO of Sharjah Islamic Bank, rang the market opening bell at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Saad commented, 'The successful listing of our $500 million perpetual Additional Tier 1 Sukuk on Nasdaq Dubai marks a significant milestone in Sharjah Islamic Bank's strategic growth journey. This issuance reflects our strong fundamentals, robust investor confidence, and commitment to maintaining a solid capital base in line with Basel III requirements." Ali stated, "This listing reflects more than capital raising —it's part of a broader shift as regional institutions like Sharjah Islamic Bank lead the deepening of local debt markets. As demand for diversified, Shariah-compliant instruments continues to grow, Nasdaq Dubai is proud to serve as a trusted platform for innovation in Islamic finance. "The momentum we are seeing in Sukuk issuances signals a maturing financial ecosystem where local ambition meets global capital flows. SIB's continued engagement underscores the strategic role financial institutions play in building resilient, forward-looking capital markets across the UAE and beyond." With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached $95.7 billion, underlining its status as one of the world's largest venues for Islamic fixed-income securities. Nasdaq Dubai's broader debt capital market has now surpassed $136 billion across 160 listings, reflecting growing international confidence in Dubai as a gateway for capital flows between the Middle East and the world. WAM
Al Etihad
10-06-2025
- Business
- Al Etihad
Nasdaq Dubai Welcomes Listing of $500 Million AT1 Sukuk by Sharjah Islamic Bank
10 June 2025 13:20 ABU DHABI (ALETIHAD)Nasdaq Dubai on Tuesday welcomed the listing of a $500 million Additional Tier 1 (AT1) Sukuk issued by Sharjah Islamic Bank ('SIB' or 'the Bank').The perpetual, non-call six-year AT1 Capital Certificates were issued by SIB Tier 1 Sukuk IIND Ltd and are compliant with Basel III regulations. The issuance attracted strong interest from both regional and international investors, providing Sharjah Islamic Bank with additional capital to fuel its long-term growth latest transaction brings the Bank's total outstanding on Nasdaq Dubai to $2.5 billion across five listings. It also reinforces Dubai's strategic role in advancing the Islamic capital markets mark the occasion, the DCEO of Sharjah Islamic Bank, His Excellency Ahmed Saad, rang the market opening bell at Nasdaq Dubai in the presence of the CEO of Nasdaq Dubai and Dubai Financial Market (DFM), Hamed commented, 'The successful listing of our $500 million perpetual Additional Tier 1 Sukuk on Nasdaq Dubai marks a significant milestone in Sharjah Islamic Bank's strategic growth journey. This issuance reflects our strong fundamentals, robust investor confidence, and commitment to maintaining a solid capital base in line with Basel III requirements. We are proud to deepen our relationship with Nasdaq Dubai, a platform that continues to champion innovation and global best practices in Islamic finance. As we expand our presence in international markets, we remain committed to contributing to the sustainable development of the UAE's financial sector and the broader Islamic capital market ecosystem."Ali said, "This listing reflects more than capital raising —it's part of a broader shift as regional institutions like Sharjah Islamic Bank lead the deepening of local debt markets. As demand for diversified, Shariah-compliant instruments continues to grow, Nasdaq Dubai is proud to serve as a trusted platform for innovation in Islamic finance. The momentum we are seeing in Sukuk issuances signals a maturing financial ecosystem where local ambition meets global capital flows. SIB's continued engagement underscores the strategic role financial institutions play in building resilient, forward-looking capital markets across the UAE and beyond."With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached $95.7 billion, underlining its status as one of the world's largest venues for Islamic fixed-income securities. Nasdaq Dubai's broader debt capital market has now surpassed $136 billion across 160 listings, reflecting growing international confidence in Dubai as a gateway for capital flows between the Middle East and the world.
The Hindu
09-06-2025
- Politics
- The Hindu
Bandi Sanjay Kumar wants government to put up a strong legal team against ex-SIB chief in phone tapping case
Union Minister of State for Home Bandi Sanjay Kumar demanded that the government put up a strong legal battle against former SIB chief T. Prabhakar Rao and also the masterminds behind him must be held guilty. Speaking to the media at Choppadandi in Karimnagar, he said the surrender of the former police official and appearing for an inquiry appeared to be a well-crafted plan following 'counselling' by former chief minister K. Chandrasekhar Rao's family in the United States. The public has the right to know under whose instructions the phone tapping was done and what was done with that data? Who received the recordings? Who were blackmailed using those audio files? he asked. The former SIB chief has been responsible for the downfall of many activists, including himself. 'It's not about tapping just Chief Minister Revanth Reddy's phone, he tapped the phones of Congress, BJP, BRS leaders and judges, including mine,' charged Mr. Sanjay Kumar. Many lives were destroyed, and numerous families were ruined due to the illegal phone tapping. Even private conversations between husbands and wives were snooped upon, he pointed out. He also accused the Congress government of being 'weak' with not a single corruption case under the BRS government being taken to a logical conclusion. The statement given by Mr. Prabhakar Rao during the inquiry must be made public, added the Karimnagar MP. Praja Durbar In a separate press conference in Hyderabad, Rajya Sabha MP and national OBC Morcha president K. Laxman has questioned why Chief Minister A. Revanth Reddy has discontinued his 'praja durbar' after just one such programme. Chief Minister A. Revanth Reddy single minded objective is to protect his chair as ruling party's internal wrangling has been consuming him even as he leads a 'corrupt' administration, he alleged. Telangana honour is being mortgaged to win favours from Rahul Gandhi. Is he ambassador to Mr. Gandhi or servant to the people of State? he questioned. Mr. Laxman said the government does not have funds to pay for fee reimbursement and other schemes, and charged that funds are being diverted to the high command in Delhi. He said his party still wants the government to hand over the Kaleshwaram Lift Irrigation Project to the CBI if it is serious about taking action against those guilty.
