Patna, Dec 2 | DIG rank officer suspended on extortion charges in Bihar. A DIG rank officer has been suspended on charges of extorting money from his juniors, a Home Ministry official said here on Thursday.
A notification in this regard was issued by the ministry on Wednesday night holding Shafi-Ul-Haq guilty of alleged involvement in corruption.
The notification was based on a report of the state’s Economic Offence Wing (EOW) submitted on Tuesday.
As per the EOW report, Haq was deployed as DIG of Munger range before June this year. During his tenure in Munger, he was involved in extortion with junior officers of police department. He was also having a trusted officer named Mohamad Umran, a sub-inspector of Munger police. Umran had hired an agent to extort money from junior personnel of the department.
On the basis of several complaints against him, an investigation was conducted which found the charges to be true. Accordingly, he was transferred to police headquarters in Patna on June 19, 2021. The department also initiated EOW inquiry against him.
Haq, after the transfer from Munger on June 19, he was waiting a posting until the suspension of his notification was not issued.
The Home Ministry has directed him to report before Patna range IGP office during suspension period.
The benchmark Indices Nifty started on the positive side after continuous sell off in last week and has managed to settle at 15842.30 with 60 point gain or 0.38 percent. However Nifty has failed to regain 16000 levels prior to LIC listing.
While Bank nifty has managed to settle at 33597.60 levels after gaining 1.44 percent. On the sectoral front, Nifty PSU Bank, Nifty Realty and Auto have contributed 2-3 percent gain on closing basis. On the flip side Nifty IT and FMCG ended with losses of 0.75 percent and 0.35 respectively. In Nifty, EICHERMOT, APOLLOHOSP and UPL were the top gainers while ULTRACEMCO, SHREECEM and ASIANPAINT were the prime laggards.
Technically, after forming the bearish candle on the weekly chart, the index has formed a Doji candlestick on the daily chart which shows indecisiveness among the trades. Moreover, the index has also faced a resistance from falling trend lines and showed profit booking from higher levels. However, Fibonacci retrenchment also has support around 15650 levels.
Traders may find buying opportunities for short term as if 15650 levels is protected. In the hourly chart, with support of the middle Bollinger band short term upside movement is expected. Stock specific action would drive the market in coming days too.
On the derivatives front, the highest call OI is at 16000 strike price followed by 16200 strike prices while on the put side, highest OI is at 15500 strike price. INDIA VIX closed at 24.53 with gain of 4.43 percent intraday indicating volatility is going to remain till weekly expiry . On the other hand, Bank nifty has support at 32600 levels while resistance is placed at 34500 levels.