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IRCTC case: ED questions Tejashwi Yadav

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Tejashwi Yadav

New Delhi, Nov 13: The Enforcement Directorate (ED) on Monday interrogated Tejashwi Yadav, son of RJD leader Lalu Prasad, over a money laundering probe into the IRCTC hotels maintenance contract case.

The leader of opposition in Bihar was asked over 100 questions during his day-long interrogation that started around 11 a.m. at the agency’s office here and his statement recorded, the ED official said.

This is for the second time that the ED questioned Tejashwi in the case. He was questioned by the ED for over nine hours on October 10.

Tejashwi appeared before the ED on Monday after skipping four earlier summons.

The ED is probing financial irregularities in the case under the Prevention of Money Laundering Act (PMLA) against Tejashwi, his father and Rashtriya Janata Dal leader Lalu Prasad and his other family members.

Tejashwi’s mother Rabri Devi, against whom the ED has issued six summons, is next in line to be questioned in the case.

On July 27, the Enforcement Directorate had registered a case under the PMLA following an FIR by the Central Bureau of Investigation and is probing the trail of funds allegedly transferred through shell companies.

The CBI registered a corruption case on July 5 against Lalu Prasad, his wife Rabri Devi and Tejashwi for alleged irregularities in the allotment of contracts for two Indian Railway Catering and Tourism Corporation (IRCTC) hotels in Ranchi and Puri in 2006 to a private firm when the RJD chief was the Railway Minister.

The contracts were given to Sujata Hotels, a company owned by Vijay and Vinay Kochhar, allegedly in lieu of bribe in the form of a plot of prime land in Bihar, the CBI said.

Apart from Ahluwalia Contractors’ promoter Bikramjeet Singh Ahluwalia, who has also been questioned in the case, former Union Minister Prem Chand Gupta’s wife Sarla Gupta and then IRCTC Managing Director P.K. Goel are also accused in the case.

The CBI has recorded the statements of Tejashwi and Lalu Prasad in this case.

India

PNB says Virat Kohli continues to be its brand ambassador

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Virat Kohli PNB

New Delhi, Feb 24: The $1.8 billion fraud hit Punjab National Bank (PNB) has said that Indian skipper Virat Kohli continues to be its brand ambassador.

“There are reports in the media that Virat Kohli, Bank’s brand ambassador is going to discontinue his endorsement with Punjab National Bank. The same is again totally false and incorrect. Virat Kohli is our brand ambassador,” the bank clarified through a public notice.

The notice further clarified: “There are media reports that the bank has engaged PricewaterhouseCoopers (PwC) to conduct an investigation into the alleged fraud and PwC has been asked to gather evidence that can be used against Nirav Modi and his associates in the court. The news is totally incorrect.”

It also said that media reports saying Reserve Bank of India and government asking PNB to make payment of the fraudulent amount to other banks is also incorrect.

The bank reiterated that the bank has the capacity and capability to handle the situation and protect the interest of the institution, customers and stakeholders.

IANS

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Loan default case: Rotomac firm owner Vikram Kothari, son sent to 11 days CBI remand

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Vikram Kothari

New Delhi, Feb 24: A special CBI court on Saturday sent Rotomac Pens owner Vikram Kothari and son Rahul Kothari to the 11-days CBI remand in connection with Rs 3,695 crore Loan default case. 

Yesterday, Patiala House Court had sent Kothari and his son to the one-day transit remand.

On Thursday, the CBI arrested Kothari and his son on charges of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company for procurement of wheat and other goods for export.

The Income Tax Department also issued a show-cause notice to Kothari asking why prosecution be not initiated against the group.

The agency arrested the two after day-long questioning at the Central Bureau of Investigation (CBI) headquarters in south Delhi’s Lodi Road area.

It was the Kotharis’ questioning for the fourth consecutive day since the probe agency lodged the case against him and his family, and conducted raids at their residential and office premises in Uttar Pradesh’s Kanpur.

The CBI filed the FIR on Sunday night following a complaint against Kothari, his wife Sadhana and son Rahul, from the Bank of Baroda.

Vikram Kothari is the Chairman and Managing Director of Rotomac while his wife and son are Directors.

Kothari had obtained Rs 2,919 crore from Bank of India (Rs 754.77 crore), Bank of Baroda (Rs 456.63 crore), Indian Overseas Bank (Rs 771.07 crore), Union Bank of India (Rs 458.95 crore), Allahabad Bank (Rs 330.68 crore), Bank of Maharashtra (Rs 49.82 crore) and Oriental Bank of Commerce (Rs 97.47 crore), the FIR said.

Kothari, his wife, son, firm Rotomac, some unidentified bank officials and private persons were booked over the charges of criminal conspiracy, cheating and forgery under the Indian Penal Code and Prevention of Corruption Act.

In its complaint, the  Bank of Baroda said that the banks had extended credit to the Kanpur-based firm and its related companies from 2008 onwards.

Earlier, the probe agency had earlier seized several belongings of Kothari and his kin, including laptops and mobile phones.

WeForNews 

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PNB Scam: ED attaches immovable properties worth Rs 523.72 crore of Nirav Modi

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New Delhi, Feb 24: The Enforcement Directorate on Saturday attached 21 immovable properties worth Rs 523.72 crore of diamantaire Nirav Modi and companies controlled by him under the Prevention of Money Laundering Act (PMLA).

The attached assets include a farmhouse in Alibag, Solar Power Plant, 135 Acre land in Ahmednagar and residential and office properties in Mumbai and Pune.

Earlier, the agency had seized gems, diamonds, jewellery, shares, bank deposits and costly cars in this case since it registered a criminal case under PMLA on February 14, this is the first major action to seize immovable assets.

WeForNews 

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