What are the allegations? – Trak.in – Indian Business of Tech, Mobile & Startups

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Criminal charges against Wipro founder Azim Premji: what are the allegations?

India’s biggest philanthropist billionaire, Azim Premji, has been charged in two separate criminal cases.

These cases, as instructed by a court in Bengaluru, relate to allegations of breach of trust and bribery.

Azim Premji accused of breach of trust and corruption

Special Judge under the Prevention of Corruption Act (PCA) Lakshminarayana Bhat K said that a prima facie case had been filed against Azim Premji, his wife and PV Srinivasan.

This was confirmed by an article published in Bar and Bench.

The complaint was filed by a non-profit organization India Awake for Transparency. He alleges that Premji and the other defendants committed offenses under Sections 13(1)(d) (public servant obtaining pecuniary benefit) and 13(2) (penalty for criminal misconduct of a public servant) of the CPA and the Sections 409 (Criminal Offense Breach of Trust by Public Official) and 120B (Criminal Conspiracy Punishment) read with Section 34 (Acts done by several persons with common intent) of the Indian Penal Code.

According to the order, “it appears from the evidence in the file that defendants 1 to 3 exercised public service and that they are therefore civil servants. There is sufficient evidence to prosecute the accused in the complaints for the offense punishable under Section 13(1)(d) of the PC Act and Sections 409 and 120B read with Section 34 of the Code Indian criminal.

Premji took advantage of his high position

According to the reports, the plaintiff also accused Premji and the others of exploiting their positions as directors of the three companies, Vidya Investment and Trading Company Pvt. Ltd, Regal Investment and Trading Company Private Limited and Napean Trading and Investment Company Private Limited.

They withdrew 21.3 crore shares of Wipro (worth Rs 9260.18 crore at the date of the withdrawal) held by the three companies and transferred them to Azim Premji Trust.

Last year, we reported that according to the latest ranking of the most influential billionaire philanthropists by Hurun, it was revealed that Wipro founder Azim Premji is currently the #1 philanthropist in India.

In the past year, he has donated a whopping Rs 27 crore/day, the highest in India.

Overall, he has donated Rs 9713 crore in the last 12 months.

It increased its donations by 23% year-on-year, even as the pandemic fund was increased to Rs 2,125 crore from Rs 1,125 crore a year earlier.

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