World
New Mexico Homebuilders Group Supports Mandatory New-Home Warranty

MEXICO CITY – Raising the concerns over warranty of new homes in New Mexico, homebuilders demands the inclusion of 2-10 homebuyers warranties. The motive of this move is to give a guarantee for homeowners on various grounds on new homes. Currently, there is no guarantee for new homes in the state of New Mexico, and if the legislation proposed by the New Mexico Home Builders Association get approved by the governor of the state.
Currently, home builders and constructors face legal actions if there is any defect discovered in the new homes. After the passing of this legislation, the matter will only be left between customers and builders instead of involving courts in such matters. The Home Warranty Act is presented in House Bill 632 and it is sponsored by Rep. Patricio Ruiloba, D-Albuquerque. It was introduced on Feb. 14 and sent to the House Commerce & Economic Development Committee.
The proposed bill contains warranty in three components and would be known as “2-10 warranty.” And once it is approved, this would come under the jurisdiction of the New Mexico Superintendent of Insurance. The third party home construction warranty companies would provide the warranties and it would be paid for by builders without charging any additional cost to homeowners. New Jersey Home Warranty is one example among the 10 states which has already enacted this law.
Gary W. Moselle, a California attorney specializing in the state-specific construction contacts said that this would be a unique act to be implemented among the 50 states. This would not charge any additional amount to homeowners. Also, it would be possible to address construction deficiencies more appropriately. After this act, builders will get the right to inspect the shortcomings and defects in the construction work.
World
Criminal probe focussed on Mehtas shipping business

From Monitoring Desk
DUBAI: An Asian family linked with the shipping business is facing criminal investigation in several jurisdictions including in Dubai and Far East where the family’s companies are under active investigation now, according to the authorities in three countries.
Sanjay and Gaurav Mehta, through their companies Best Oasis Ltd in Dubai and Priya Blue Industries in Gujarat, are facing investigations over money-laundering suspicions and suspected links to the Russian oil sector, sanctioned by the western countries, sources shared.
Sanjay and Gaurav Mehta, through their companies Best Oasis Ltd in Dubai and Priya Blue Industries in Gujarat have projected an image of environmental responsibility in ship recycling. They have tout certifications, attend global summits, and positioned themselves as ESG-compliant but their business practices have come under intense probe now. Their operations reportedly involve dismantling high-risk ships, using cash transactions, and leveraging political connections to avoid accountability, a source shared looking into the companies’ affairs. The investigation is being conducted in Dubai and the Far East.
The investigators are looking at the Mehtas operations dating back to 2006 when they came to attention of the law enforcement for the first time. Priya Blue dismantled the “Blue Lady” in 2006, a vessel containing over 1,200 tons of asbestos and radioactive waste, despite protests and objections from Greenpeace. Later, the “Exxon Valdez,” notorious for a major oil spill, was renamed “Oriental Nicety” and dismantled by the Mehtas in Gujarat, drawing international attention. In recent years, their transactions have become less conspicuous but reportedly more hazardous.
In 2025, Best Oasis allegedly acquired and dismantled at least four vessels linked to sanctioned entities, including Iranian and Houthi-controlled networks. These weren’t obscure ships; they were designated under U.S. terrorism sanctions for their involvement in oil smuggling and arms transport. According to investigators, here are the details of the sanctioned ships dismantled by Best Oasis in 2025: IMO: 9155808, Name: NOLAN (SOLAN), Sanction: SDN (SDGT), Beaching: 31 Jan 2025, Plot 16; IMO: 9221657, Name: BLUEFINS, Sanction: SDN (SDGT); Beaching: 26 Feb 2025, Plot 16; IMO: 9105085, Name: CONTRACT II, Sanction: SDN risk, Beaching: Arrived mid-2025, Plot 27; IMO: 9209300, Name: GAMA II, Sanction: SDN (SDGT); and Beaching: Pending/Planned, Plot 34
All four vessels were reportedly dismantled in Alang on plots leased by proxy firms connected to the Mehtas. These short-term leases, approved on a ship-by-ship basis by the Gujarat Maritime Board, reportedly make regulatory oversight nearly impossible. Once dismantling is complete, plot registrations often lapse, leaving no long-term record, according to documents shared by the investigators in Dubai.
Rahul Mistry, a shipping compliance researcher, noted this as a growing pattern: “This is a pattern we’ve seen more frequently in the last two years sanctioned hulls arriving under the radar, processed fast, with no digital trace.”
Payments for these vessels reportedly bypassed normal financial channels. According to sources familiar with the deals, transactions were settled in cash, either on-site or through offshore handlers. One source described entire ship values being paid in foreign currency bundles, avoiding Indian and Dubai banking disclosures, said one of the investigators familiar with the matter.
A retired port official Mr. Akin Yadav, familiar with Alang and Gujarat Maritime Board approvals stated that short-term leases are routinely used to avoid scrutiny, adding, “It was never meant to be a permanent workaround. But it’s become one.”
Political connections also reportedly play a role. Union Minister Mansukh Mandaviya and Gujarat State Minister Jitu Vaghani have been linked to approvals granted for Best Oasis and its proxies. While there’s no direct evidence of personal gain, sources allege that both men used their influence to expedite approvals, slow down inquiries, and shield the companies from enforcement.
Despite these activities in India, Best Oasis is expanding under new branding. A recent joint venture in Japan with Hiroshi Abe is being marketed as a clean, regionally responsible recycling partner for Japanese shipowners.
Mariko Fujita, a Tokyo-based maritime consultant, observed, “They’re presenting themselves as a new entity with no reference to past controversies. But none of the underlying ownership or structure has changed.”
In Alang, the situation reportedly remains much the same. Plot numbers are reassigned, cash continues to circulate and the same network of breakers and handlers is reportedly involved. Individuals like Jayant Vanani (also known as Budhabhai Patel) and Ramesh Mendapara are frequently named in connection with specific beachings, including “Contract II” and “GAMA II.” Both have been previously linked to other shadow transactions involving distressed or sanctioned tonnage.
Several yards allegedly connected to Best Oasis, including Shantamani Ship Breakers and Sai Baba Ship Breakers, reportedly operate with minimal inspection, despite numerous reports of irregularities in worker safety, hazardous waste disposal, and compliance with Indian scrapping codes.
This system, according to multiple sources, appears to be intentionally designed to operate in plain sight with just enough paperwork to pass basic scrutiny but not enough to trigger meaningful enforcement. There is no indication that regulatory bodies including customs, port health officers, or environmental oversight panels have conducted full inspections of any of the sanctioned vessels listed. Most were reportedly cleared and dismantled within days of arrival.
Rahul Mistry said: “This isn’t merely a loophole; it’s reportedly a business model. Best Oasis and Priya Blue are allegedly running a high-volume, low-visibility operation that filters sanctioned, end-of-life ships through legal instruments to appear legitimate on paper. This reportedly involves routing untaxed funds and shielded actors through a well-connected political and industrial network. As global scrutiny of ESG practices intensifies, many of these activities are allegedly being whitewashed through new partnerships and branding, but the underlying mechanisms reportedly remain unchanged.”
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