Lok Sabha Elections 2019: Money For NYAY To Come From Nirav Modi, Vijay Mallya, Says Rahul Gandhi

Lok Sabha Elections 2019: Money For NYAY To Come From Nirav Modi, Vijay Mallya, Says Rahul Gandhi

Congress president Rahul Gandhi on Monday pointed out funds for his birthday party's "NYAY" (Nyuntam Aay Yojana) - the minimum revenue guarantee scheme - will come from the pockets of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi.
The Congress, in its manifesto for the Lok Sabha elections, has referred to NYAY assures as much as Rs 72,000 a yr salary to 20 per cent of India’s poorest households if the birthday party is voted to power.
The three businessmen mentioned by way of Gandhi, are desired in India for fraud and cash laundering.
Addressing a rally at Asrana Chowkadi in Mahuva taluka of Bhavnagar district, the Congress president repeated his cost that top Minister Narendra Modi has been "favouring a couple of industrialists by way of going out of means but does little for the poor".
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He observed that Congress would stop this observe and recuperate personal loan dues from large defaulters to fund NYAY.
"each time we talk about waving loans of farmers, Modi asks where will the funds come from? after we talk about NYAY, he asks where will the funds come from? If we stroll about giving correct prices to farmer, he asks the identical query. whenever we propose to do whatever thing for the bad, Narendra Modi asks where the funds will come from. i'm telling you where it'll come from. Anil Ambani received Rafale (fighter jet) contract and Modi credited Rs 35,000 crore in his checking account. Adani receives land someplace everyday. On the day of Balakot assault lately, Modi introduced six airports to Adani. Brothers and sister, i am telling you, money for NYAY scheme will come from financial institution bills of thieves like Mehul Choksi, Nirav Modi, Lalit Modi, Vijay Malya etc," Gandhi pointed out.
The Congress president talked about that his celebration would no longer carry tax burden of the center classification to fund NYAY. "The money would not be squeezed from the core type. Congress would now not carry revenue tax charges," he noted .
"i was inspired by Narendra Modi’s false promise of giving Rs 15 lakh to each Indian," Gandhi talked about at a ballot rally right here, while speaking concerning the scheme, which the Congress has described as a "surgical strike" on poverty.

Nirav Modi, Mallya, Choksi Could Be Introduced Returned Just Like Christian Michel: Prakash Javadekar

Jaipur: Accusing the UPA regime of handing out unsecured loans, Union Minister Prakash Javadekar Tuesday mentioned fugitives Mehul Choksi, Nirav Modi and Vijay Mallya will be brought back just like Christian Michel. Javadekar noted the government will improve every penny that has been looted and should attach their homes in India and abroad.
"(Former) Congress government pressurised banks and Mehul Choksi, Nirav Modi and Vijay Malya got loan with out safety. They didn't run away until there become Congress government however when Modi government came, they understood that they wouldn't have had it and ran away," the minister mentioned at a press convention in the BJP office right here.
"the style Christian Michel was extradited, in a similar way, they will also be taught a lesson and their residences in India and abroad will be connected. every single penny they looted will be recovered from them," he stated reacting to quit of Indian passport by PNB fraud case accused Mehul Choksi.
Michel, the alleged intermediary in the VVIP chopper scam, become extradited to India from UAE last month.

7 Monetary Frauds In India Beneath BJP Government

in the last few years, the banking device of out international locations has skilled some most important downfall. The fiscal architecture which became once considered the most sound banking equipment on the earth is getting mocked through a lot of people now as a result of the series of frauds that came into light these days in Indian Banking equipment. The frauds of thousand of thousands and thousands by using businessmen like Vijay Malya and Nirav Modi has wrecked the effective and corruption free photograph of Indian Banks. The banking gadget has as soon as amazed the americans during the financial disaster in 2007–08 by using standing mighty and featuring immunity to India residents when the leading banks throughout the world have collapsed. in a similar fashion, this identical banking gadget has amazed individuals once more by way of fitting a sufferer of probably the most best economic frauds in the background of India.
An allegation made by means of congress party currently in opposition t BJP to support fiscal frauds in India doesn't appear absolutely ambiguous. The subsequent four years of Modi governance has unravelled a collection of monetary frauds in banks which can charge the nation in billions. In a recent meeting, Congress had accused that the nation has faced a lack of over Rs 54,317 crore within the financial institution frauds and yet the culprits associated with these frauds efficiently managed to flee the country with immunity from BJP govt.
Congress celebration communications in-cost Randeep Surjewala has alleged that BJP has a brand new mantra of the fraudster it really is fleece, flee and fly below the Modi-led executive’s watch. He additionally delivered that the situations of personal loan frauds, financial institution loot, cheating and malfeasance has multiplied by means of many folds and swindling of standard people and banks have become unraveled day by day.
As per an RTI filed on February 9, it is discovered that frauds and scams of Rs 19,317 crore were stated in Mumbai, the financial capital of nation in remaining three years simplest the BJP govt’s watch. The reply received for the RTI unravels that scams worth Rs 5,560.sixty six crore have been said in 2015, whereas scams of value Rs 4,273.87 crore were reported in 2016. The amount of money drastically multiplied in year 2017 when scams of worth Rs 9,838.sixty six crore were recorded.
The extra traumatic figure during this state of affairs is that 184 people who had been accused of these frauds and scams have managed to break out the nation before any prison inquiry takes area towards them. These statistics justifies that Modi executive has develop into instrumental in giving one-approach ticket to cheat and scoot the fraudsters.
Narendra Modi’s photograph has emerged as a supporter of alleged fraudsters presently after the $2 billion financial institution fraud came in easy in mid of 2018 via diamond service provider Nirav Modi at India’s state-owned Punjab countrywide financial institution scam.as the investigation continues for the greatest financial institution fraud in historical past of India, the with the aid of-election outcomes display the recognition of BJP is on verge of breaking due to repeated bank frauds which hurt the Indian economic climate badly.
under point out is the year shrewd checklist of some biggest bank frauds situations in India which befell under the rule of thumb of BJP and raised a few questions in regards to the credibility of the birthday party:
2011: An investigation performed with the aid of CBI printed that bank of Maharashtra, Oriental financial institution of Commerce, IDBI and some different bank executives opened close about 10,000 fake money owed which facilitate the unaccounted transfer of Rs 1.5 billion loans to fraud events.
As quickly because the BJP came into vigour, the monetary frauds in India reached to alarming heights. In yr 2014, Maharashtra police filed 9 FIRs towards numerous public sectors in reference to mounted deposit fraud of about Rs 7 billion. Later this year simplest, Electrotherm India is charged with committing a fraud to defaulting Rs 4.36 billion payment in opposition t personal loan to the significant financial institution.
continuing the collection of financial institution fraud instances in India simply after the inception of BJP, a Kolkata-based mostly industrialist Bipin Vohra dedicated a fraud against central bank of India by means of receiving Rs 14 billion mortgage with the aid of forged files.
a further scam that came into mild within the identical yr became the bribe-for-mortgage which revolves round ex-chairman and MD of Syndicate bank SK Jain who sanctioned Rs eighty billion.
by using the end of the 12 months, Union financial institution of India, SBI and PNB declared Vijay Malya as a wilful defaulter as a result of non price of his fantastic loans.
In yr 2015, Jain Infraprojects dedicated a fraud of over Rs two billion from important financial institution of India. This year most effective, a number of executives from different banks were found worried in a foreign alternate scam of Rs 60 Billion via a phony Hong Kong company.
one of the largest bank fraud case registered in India comprises opening of well-nigh 380 fake debts with the aid of 4 individuals in Syndicate bank committing a fraud of Rs 10 billion using false cheques, LoUs and insurance policies.
Mallya’s debt due to non practical Kingfisher airlines managed to raise Rs 9.5 billion to IDBI and a few other banks. before the CBI prepares the chargesheet in opposition t him, he successfully managed to flee the country in 2016.
Later this 12 months, Winsome Diamonds got here under the radar after CBI charger 6 situations against the neighborhood and its linked businesses. With these fees, Winsome Diamonds become India’s second biggest corporate defaulter. The gaps within the charge of mortgage had been first found out in 2014 by means of Jatin Mehta’s Winsome Diamonds. The business did not repay its debts given that mid-2013 and become later declared a wilful defaulter by means of banks with over a recorder fraud of Rs 7000 crore.
In 2017, Nilesh Parekh, a business magnate from Kolkata changed into arrested by way of CBI for creating a fraud of Rs 22.23 billion to at the least 20 banks. Nilesh was appearing as a promoter of Shree Ganesh Jewellery condominium. He was charged with defrauding banks by diverting personal loan funds through shell organizations in Singapore, Hong Kong and UAE.
The fresh fraud committed by Nirav Modi is the latest failure by BJP government. A supporter of BJP, Nirav Modi dedicated the fraud of Rs eleven,450 crore from sparkling bank. prices had been filed against the Diamond king but no arrest or recuperation of cash turned into performed. It came into mild recently that the Nirav Modi’s diamond company got at the least 150 Letter of Undertakings (LoUs) which permits the community to commit mortgage fraud towards Punjab country wide bank and many different banks. based on a file posted in Indian express, Nirav Modi dedicated a fraud Rs 11,450 crore from PNB most effective followed by using further fraud of Rs three,000 crore from 17 different banks.
These are the main cases of economic frauds in India which take region under the governance of top Minister Narendra Modi. a couple of costs had been registered in opposition t these culprits yet the executive has did not make a single arrest and recuperate any cash that has been generally taken from the banks. The level of corruption and frauds has vastly in ultimate 4 years of BJP rule within the nation.

Nitin Sandesara And Other Financial Institution Fraud Cash Can Fund Mumbai’s Metro And More

He become accepted to be the king of good times. Vijay Mallya took his personal extravagant culture somewhat too severely, splurged more than he may afford after which fled to Britain in 2016 to prevent arrests for bank fraud. 17 Indian banks are nevertheless making an attempt to recover their 9,000 crore from the person. but he isn’t the only one. company baron Nirav Modi and uncle Mehul Choksi too are wanted with the aid of the Indian judiciary for showing an identical defiance. And the list just received longer with Sterling Biotech's director Nitin Sandesara being accused in a 5000 crore fraud case.
Now, that is a humongous sum of money. One may bear in mind that (in)famous speech of top Minister Narendra Modi when the storm of demonetisation hit. in case you cannot bear in mind, enable us to refresh your reminiscence.

Sigh... That mentioned Rs 15 lakh never made it to our checking account. however let's cease dreaming about such a much-fetched dream. What would take place if the cash, allegedly stolen, become recovered?
We cannot count down sufficient number of projects in India that could be funded. but there’s no damage in attempting.
You may well be well aware that the traffic in Mumbai is a bit tousled presently. the line 3 of Mumbai Metro, a massive underground extension this is in building for a 12 months now, has wreaked havoc on us. The estimated cost of the challenge stands at Rs 23,136 crore. Who can pay for that? The govt. What does that imply? it's the taxpayer's funds. All that recovered money could fund this task after which some.
top Minister Narendra Modi currently inaugurated India's a centesimal airport in Sikkim and it is projected that within the subsequent two decades, there can be one hundred greater airports in India, specially in locations that don't have any entry to airway at this time. The Pakyong airport in Sikkim has reportedly charge a little over eighty crore rupees. by that account, we would doubtless have money for 10 new airports!

India's first luxury cruise provider is also about to begin. The government has allotted one thousand crore to construct a cruise terminal in the Mumbai port arena. the primary cruise would sail between Mumbai to Goa and will show to be a turning aspect for the state's tourism. And yes, we're considering that funds once more!
anyone else feeling bad at the moment?

Rajya Sabha Passes Financial Offenders Invoice 2018, Enforcement Directorate To Get Extra Powers

via PTI
NEW DELHI: Parliament today passed a invoice that seeks to evade big financial offenders like Vijay Mallya and Nirav Modi from fleeing the nation to evade the felony procedure.
The Fugitive financial Offenders bill, 2018 changed into handed by using a voice vote in the Rajya Sabha nowadays.
The Lok Sabha had cleared this invoice on July 19.
Finance Minister Piyush Goyal pointed out the situations of individuals running away and evading the criminal method had been increasing and this crucial to be stopped, as the existing legal guidelines do not allow thoroughly dealing with the severity of the issue.
"criminal legislation does not enable us to impound their property," he spoke of.
"This bill is a great, expeditious and constitutional technique to stop these offenders from running away. Legislative alterations or a new legislations ought to be in region to confiscate the property of such absconders till they don't current themselves earlier than the courts. we will additionally determine what must be done with the confiscated property," Goyal stated.
soon after the Minister moved the invoice, Chairman M Venkaiah Naidu additionally remarked: "what's agitating the standard man within the country is whether the gadget is so helpless" in dealing with economic offenders.
Replying to the debate, Goyal mentioned there can not be a circumstance when financial offenders run faraway from the country and additionally give protection to their properties.
"This bill will deter americans from running away. and people who have already fled, they return out of worry of attachment of their properties."
The govt is additionally making efforts to get these accused, who've long past overseas to get away the criminal technique, extradited, he mentioned.
Rebutting opposition expenses that the govt has failed to convey again black money, Goyal referred to "we're fighting in opposition t black cash and forcing offenders to face the legal process."
Justifying the fiscal restrict of Rs 100 crore for invoking the provisions of this new legislation, Goyal pointed out it changed into being completed to "capture the huge offenders and never to clog the courts.
"The Enforcement Directorate might be the investigative agency below the Act," he referred to.
prior while introducing the bill, Goyal said there were provisions of special courts to declare a person a fugitive economic wrongdoer in an expeditious manner.
as soon as an individual is asserted perpetrator, his property could be confiscated, managed and disposed of, he spoke of, including that the attachment of properties would be accomplished in a time-sure manner and effectively.
With opposition contributors protesting that they did not get copies of amendments moved by means of one member, the Chairman ordered an inquiry into the rely.
Naidu however pointed out his workplace had suggested him that it become circulated on July 24.
all over the talk, the opposition individuals attacked the executive for lack of will to behave in opposition t the culprits regardless of having a number of laws.
Congress member Vivek okay Tankha criticised the executive announcing there changed into "no scarcity of legal guidelines in India. however they get away since the govt does not have the desire to cease the willful defaulters."
"Is the government's intention to get loads of publicity by means of bringing the law", he stated initiating the talk, and brought that the nation will turn into a "land of legislations" but it surely "will serve no aim."
Tankha pointed out most effective 10 per cent of the black money turned into outdoor India and wanted to know what the govt has completed to get returned the 90 per cent of the black funds within the country.
"Why is the govt pitching for a threshold of offences worth Rs a hundred crore for bringing financial offenders beneath the purview of the law," he said, including "even culprit of Rs 10 crore is dangerous."
"people like Lalit Modi, Vijay Mallya, Mehul Choksi and Nirav Modi" have been concerned in economic offences worth Rs 2. four lakh crore," he said.
"legislation is just too little and too late as all big fishes are backyard the nation."
"Are we a rustic that make too many legal guidelines with little implementation," Tankha spoke of and added the precise look at various would be if any fugitive would come again.
Neeraj Shekhar (SP) raised apprehensions on the implementation of the proposed legislations and alleged that a few financial offenders have left the nation's shores with the lively guide of the executive.
mentioning that India had extradition treaties with best forty seven international locations, he requested how changed into the executive planning to bring the offenders again to the nation.
"Make legal guidelines which will also be applied. How tons black money has come lower back to the nation in the remaining four years," he talked about.
A Navaneethakrishnan (AIADMK) asked the govt to add provisions to increase the quantum of punishment in addition to exceptional for financial offenders.
Prasanna Acharya (BJD), whereas assisting the invoice, said the proposed legislation has to be legally sustainable.
He also said the supply of Rs one hundred crore to deliver any culprit under the ambit of the proposed invoice may still be removed.
Harivansh (JD-U) spoke of it will be difficult to convey back offenders from quite a lot of international locations due to lack of extradition treaties with such countries.
Elamaram Kareem (CPI-M) stated that so many economic offenders have been in a position to leave the nation because of the "neoliberal" regime of the important government.
MV Rajeev Gowda (Cong) brought up that the center of attention of the proposed law should still be on preventing the financial offenders from leaving the country in place of bringing them later lower back to the nation.
He challenged the executive to "convey returned even one economic offender" to India earlier than 2019."
V Vijayasai Reddy (YSRCP) mentioned the invoice doesn't discuss high-cost stake defaults, which may well be accomplished through dissimilar transactions at a considerable number of places and have been under Rs a hundred crore individually, however in totality is lots above than that.
He also noted that loss of creditors should still be minimised and the corporate veil lifted in such cases.
P L Punia (Cong) noted this became a correct but delayed step.
notwithstanding there changed into a provision of restoration of the amount, it does not point out no matter if the secured creditor would be given preference or it would receive to the non-secured ones also.
while Ramgopal Yadav (SP) talked about the legislation spoke most effective about punishing those financial offenders who've fled the country.
there is want also to ivestigate those that helped them to get massive loans from the banks, whereas Majeed Memon (NCP) said there was a necessity to punish these public servants who helped offenders to flee.
Veer Singh (BSP) mentioned there turned into a need for this sort of stringent law which would act as a deterent for the offenders.

Urvashi Sharma, Who Had Once Sizzled The Dance Flooring In A Red Costume, Salsa Dancing To 'Ek Din Tera Ho Jaunga', Is Now A Changed Adult

Bollywood actress Urvashi Sharma gave delivery to her 2d newborn on the twenty sixth of November, a son this time. She was given a delivery date for the month of December however she went into labour sooner than scheduled. Her husband, Sachin Joshi, demonstrated that both the mother and infant are in shape and convalescing well. they have got named their baby Shivansh. Urvashi had long past for a being pregnant photoshoot. In it, she became viewed donning tellow and light blue robes. obviously, she seemed very beautiful in her maternity mode.
Urvashi married her husband, actor and bussinessman Sachin Joshi, in 2012. In a move that's faraway from the accepted, she modified her complete identify to Raina Joshi. After three years of marriage, they had had their first daughter, Samaira. Sachin is the vp of the JMJ community which makes tobacco of the Goa brand. He also runs a creation company called Viking Media and amusement. He purchased Vijay Malya's Kingfisher Villa in Goa this year.

Rajnath Singh Objectives Congress In Bulanshaher Rally Over Neerav Modi, Vijay Malya

Rajnath Singh attacks Congress Over Nirav Modi , Vijay Malya , Mehul Choksi . campaign for the Lok Sabha elections, Union home Minister Rajnath Singh attacked the Congress with a powerful attack. in this order, he also mentioned the huge fugitive businessmen like Neerav Modi, Vijay Mallya, Mehul Chowkis, who are accused of various scandals in India and have been fleeing from right here to escape the country's legislations and have taken refuge in overseas countries

Nirav Modi, Vijay Mallya, Mehul Choksi Can Be Introduced Returned Just Like Christian Michel: Prakash Javadekar

Prakash Javadekar PTI file image
Accusing the UPA regime of handing out unsecured loans, Union minister Prakash Javadekar on Tuesday noted fugitives Mehul Choksi, Nirav Modi and Vijay Mallya should be brought again, similar to Christian Michel.
Javadekar said the executive will recover each penny that has been looted and will connect their residences in India and abroad.
"(Former) Congress govt pressurised banks, and Mehul Choksi, Nirav Modi and Vijay Malya were given mortgage without protection. They didn't run away until there changed into Congress govt but when Modi govt came, they understood that they would not have had it and ran away," the minister stated at a press convention within the BJP office in Jaipur.
Nirav Modi and his uncle Mehul Choksi are accused of defrauding Punjab country wide bank out of Rs 13,000 crore. both had fled India in January after the CBI registered an FIR within the case.  Vijay Mallya faces expenses in India of financial institution fraud and cash-laundering that allegedly total Rs 9,000 crore.
"the way Christian Michel was extradited, in a similar way, they'll also be taught a lesson and their properties in India and overseas can be attached. every single penny they looted will be recovered from them," he talked about, reacting to Choksi's give up of his Indian passport on Monday.
Michel, the alleged intermediary in the VVIP chopper rip-off, became extradited to India from UAE final month.