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Modi, Xi likely to meet on sidelines of G20 Summit



New Delhi, July 4:  In the backdrop of the standoff between Indian and Chinese troops on the India-China-Bhutan tri-junction, Prime Minister Narendra Modi is going to meet Chinese President Xi Jinping when leaders of the BRICS nations hold a meeting on the sidelines of the G20 Summit in Hamburg on July 7.

“A meeting of BRICS leaders will take place in Hamburg on the sidelines of the G20 Summit on July 7,” a source here said on Tuesday.

“The meeting is expected to have the presence of Prime Minister Modi and the Chinese President,” the source said.

China on Monday said India was using Bhutan to “cover up” the illegal entry by Indian troops into “Chinese territory” and demanded their immediate withdrawal.

Earlier, seeing Chinese troops, personnel of a Bhutan Army camp on a ridge at a place called Zompelri rushed down and confronted the Chinese and told them that they cannot unilaterally change the existing status quo in the tri-junction.

Indian Army personnel, who were present in the general area Doka La in Sikkim on the other side, too rushed to the spot to help the Bhutanese soldiers. However, by that time the PLA had pushed back the Bhutanese and then came to a face-to-face situation with the Indian Army personnel.

The Indian soldiers too made it clear to the Chinese soldiers that they had no business changing the existing unilateral status quo in the tri-junction.

There is no Chinese territory between India’s border in the Sikkim sector with Bhutan.

India and China had in 2012 reached an agreement that the tri-junction boundary points between India, China and third countries will be finalised in consultation with the concerned countries. Both the countries share three international tri-junctions – with Bhutan, Myanmar and Afghanistan.

Bhutan too has written agreements with China of 1988 and 1998 stating that the two sides agreed to maintain peace and tranquility in their border areas pending a final settlement on the boundary question, and to maintain status quo as before March 1959.

Following the June 16 incident, Bhutan officially lodged a protest at the Chinese Embassy in New Delhi on June 20. Beijing and Thimphu do not share diplomatic ties.

The matter also came up for discussion at a border personnel meeting (BPM) between India and China at Nathu La in Sikkim on June 20.

Last Thursday, the Bhutanese Foreign Ministry issued a press release which stated Bhutan has conveyed to the Chinese side, both on the ground and through the diplomatic channel, that the construction of the road inside Bhutanese territory was in direct violation of the agreements and affects the process of demarcating the boundary between the two countries.

“Bhutan hopes that the status quo in the Doklam area will be maintained as before June 16,” the statement said.

Though the June 16 incident is being seen as forcing India’s hand to change the status quo in the tri-junction, it is understood that New Delhi has been approaching the matter in a reserved manner so that Bhutan does not come under pressure despite the fact that the road being constructed near Indian defence lines posed serious security implications.

The External Affairs Ministry in a statement on Friday said that India has taken up the matter with China at the diplomatic level both in New Delhi and Beijing.



Would not let any political party join me, says Anna Hazare



New Delhi, March 24:  Social activist Anna Hazare, who is on indefinite hunger strike, said that he would not let any political party join him.

Speaking to ANI, anti-corruption crusader said that whoever will join the movement with him, has to sign an affidavit stating that they’ll neither join any political party or group nor will participate in elections.

“Whoever joins the movement, signs affidavit which states, that they’ll neither join any political party or group nor will contest elections, ensure service to country, society and maintain good character. I’ll not let any political party or group come on this stage,” Hazare asserted.

Hazare began his indefinite fast at Ramlila Ground on Friday in a bid to bring about a competent Lokpal and ensure better production cost for farm produce.

The Gandhian has been pressing for setting up of the Lokpal at the Narendra Modi government and Lokayuktas in the states, besides implementation of the Swaminathan Commission report, which has recommended measures to meet the agrarian distress.


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CBI books two cases in Rs 539-crore IDBI fraud in Andhra, Telangana



CBI raids

Hyderabad, March 24: The Central Bureau of Investigation (CBI) has booked 41 persons including three officials of the Industrial Development Bank of India (IDBI) for cheating the bank to the tune of Rs 539 crore in Andhra Pradesh and Telangana.

The federal agency registered two separate cases relating to large-scale frauds in IDBI branches in the two states in sanctioning pisciculture loans.

In the first case, 31 persons including IDBI’s General Manager Battu Rama Rao and former Chief General Manager R. Damodaran, 22 aggregators and bank panel valuers were booked for cheating the bank to the tune of Rs 445.32 crores. Rama Rao has also been removed from the service.

The central agency booked the accused on charges of criminal conspiracy, cheating, forgery, criminal misconduct and misappropriation.

The action came after a complaint by IDBI official in Hyderabad that about 220 borrowers, consisting of 22 aggregators, conspired with IDBI bank officials at its Basheerbagh (Hyderabad) and Siripuram (Visakhapatnam) branches, along with bank panel valuers, and availed Kisan Credit Card (KCC) and pisciculture loans through 220 loan accounts from different branches of the bank aggregating Rs 198.28 crore

The loans, which were availed on the basis of fake documents and overvalued collateral property, subsequently become NPA. The outstanding amount as on September 2017 stood at Rs 445.32.

It was found that pisciculture or no other fish farming activity was ever taken up in the said lands in East and West Godavari and Krishna districts of Andhra Pradesh and Adilabad district in Telangana and that sanctioned loans were misappropriated.

Bank panel valuers Lt. Col. B.K. Sahoo, Aakar Consulting Engineers, R.A. Sharma, M.V. Srinivasulu, Subha Syndicate, Srinivasa Rau and Somasekhara Rao were among those booked.

In the second case, the CBI booked a IDBI official and nine others for defrauding the bank to the tune of Rs 93.73 crore.

Chandrasekhar Harish Chennapagari, who was working as Assistant General Manager at Guntur branch of IDBI, allegedly abused his official position to process and sanction 142 pisciculture loans from 2010 to 2012. He has been removed from service by the IDBI.

Investigations revealed that the loans were sanctioned on the basis of fake documents. The accused include a bank panel valuer, a bank panel advocate, aggregators and individual borrowers.


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PNB Scam: ED attaches Nirav Modi’s properties worth Rs 25 cr



New Delhi, March 24: The Enforcement Directorate (ED) on Saturday said that it has attached properties worth Rs 25 crore of diamond jeweller Nirav Modi in connection with its ongoing probe into the Rs 13,540 crore PNB fraud case.

An ED official told IANS that the searches were carried out on Thursday at Nirav Modi’s palatial residence ‘Samudra Mahal’ in Mumbai along with a Central Bureau of Investigation (CBI) team.

The official also said that the searches continued till Saturday morning and resulted in the seizure of antique jewellery worth Rs 15 crore, high-end watches valued at Rs 1.40 crore and paintings worth Rs 10 crore that includes artworks by M.F. Hussain, K.K. Hebbar, Amrita Shergil.

The ED also attached a diamond ring valued at Rs 10 crore.

The financial probe agency’s action comes after it registered a separate case against the diamond jeweller and his uncle Mehul Choksi of the Gitanjali Group for defrauding the banks to the tune of Rs 13,540 crore.

Till date, the ED has carried out searches at over 251 properties across the country and seized diamond, gold, precious and semi precious stones, pearls.

The ED has also attached immovable properties belonging to Nirav Modi Group and Mehul Choksi group to the tune of Rs 7,638 crore.

Choksi, Nirav Modi and his family fled in January around a month before the PNB filed first complaint against them about the fraud and they are still at large.

With Agencies Inputs 

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