After Nirav Modi, it’s Rotamac MD with Rs 3,695 crore loan default case

vikram kothariIn a similar case to Nirav Modi-PNB scam, report of alleged default of more than Rs. 3,600 bank loan by Rotomac Pen MD Vikram Kothari has emerged. The CBI has filed a FIR against the owner.

Currently, Vikram Kothari, his wife and son are being questioned by the CBI at their Kanpur residence in this matter. The CBI is also carrying out raids since early morning at all his offices in Kanpur.

Kothari had taken a loan of over Rs.800 crore from over five state-owned banks. Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India compromised their rules to sanction loans to Rotomac, sources said.

As stated by reports, Kothari took a loan of Rs.485 crore from Mumbai-based Union Bank of India and Rs.352 crore from Kolkata-based Allahabad Bank.

In February 2017, BoB had declared Rotomac Global Pvt Ltd as a “willful defaulter” after Kothari didn’t pay either the interest or loan to the bank.

Earlier, there was a rumour that Kothari fled the country as his Mall Road office in Kanpur was found closed since last week. It was later denied by him in a statement released on February 18 where Kothari said, “First of all, don’t call it a scam. Also, I am not leaving the country and I am very much in Kanpur. Banks have declared my company nonperforming asset (NPA), but not a defaulter. The matter is still sub judice with National Company Law Tribunal (NCLT). I have taken loans and will repay it all soon.”

Sexual assault: A direct result of patriarchy

rape3A string of brutal rapes has shocked us yet again. News of horrific sexual assaults that make headlines almost every other day has become the new normal. It disturbs us momentarily and we get back to our normal lives until the next ghastly violation of a female — be it a little girl or a grown woman — is flashed across our television and phone screens.

A spurt in the number of rape cases can be rightly attributed to more people coming out, with changing times and mindsets, to report the terrible crime and seek justice. Nonetheless, rape is happening at alarming rates in every nook and corner of our country, irrespective of
the levels of development of the region. What is the reason behind such large-scale sexual violence?

In male-dominated societies, women are treated as properties rather than human beings with their own desires and rights. Women are considered beholders of their families’ and communities’ hollow sense of honour. Sexual assault is a behavioural crime in which the perpetrator feels that he is more powerful not just physically but also because he is a man. According to psychologists, sexual offenders don’t see their victims as persons but as objects. Many men have been conditioned to see women as objects. The man’s upbringing and immediate environment play an important role. From childhood, boys are given preferential treatment over their sisters and they grow up seeing their mothers being ill-treated by their fathers. It is only normal for them to grow up believing that men are far more superior than women who are meant to be controlled.

It is the battle between the patriarchal mindset in the country and the new-found values of a liberal culture that has resulted in a rise in sexual violence against women. As more people are migrating to cities and as the demography of small towns is changing, there is a clash of cultures. People from orthodox backgrounds are unable to cope with the culture shock they get when they set foot in a modern environment. When a person who is used to seeing women being treated like domestic slaves and not being allowed to go out of their homes without permission, starts to co-exist with women who live independent lives and take their own decisions themselves, he fails to comprehend that it’s a normal thing to do. When he comes across a woman who openly talks to men, wears short clothes, goes out at night, consumes alcohol — all the things that only men (or ‘loose women’) are sanctioned to do — there is an urge to control her, prevent her from claiming a share of male privilege, teach her a lesson for getting into male territory. Where feudal mindsets persist, women’s sexualities are owned, controlled and stifled.

It’s very important that the quality of compassion is inculcated in little boys so that they grown up to be men who treat everyone with dignity. Unfortunately, being emotional and sensitive are considered to be feminine traits and males are encouraged to shun these natural characteristics at young ages. Boys must be brought up to be kind and humane instead of being filled with empty and false notions of masculinity. It’s also very important that women are taught to take their own decisions from a very young age. Psychologists believe that women who are emotionally strong, outspoken and assertive can protect themselves. If a woman’s body language is assertive, the offender will be discouraged; docile and submissive women are easy targets of assault.

Perpetrators of crime are also encouraged by low rate of conviction. The felin that one can get away from the law leads them on to commit crime. It is thus important that sexual offenders are brought to justice swiftly and sternly and that the right precedents are set.

ridhima@tehelka.com

BJP leading in Gujarat Civic Polls

electionAccording to the trends showing up in 75 municipalities in Gujarat civic elections, BJP is said to be leading in 37 municipalities and Congress in 26.

The counting of votes for municipal polls in Gujarat began on February 19.

The elections were held on February 17 for 75 Nagar Palikas (municipalities), two district panchayats, 17 talukas and 1400 village panchayats in which Dahod recorded the highest voter turnout of 76.67 percent whereas, Rajkot had the lowest turnout of 50.17 percent.

Social media menace: I knew I had been an idiot to stay addicted

choose-new-On a winter morning, the screen of my mobile phone lit up early. A WhatsApp message hung and I could read the excerpts, which winked at my torpid eyes mockingly. It read — “Happy Birthday…”. No, it was not my birthday; probably one of my friends was mistaken or meant to wish somebody else.

Why should I be happy for someone’s birthday, or rather feel unhappy? If ‘someone’ was alive and this message went to his or her inbox, it would have been ‘meaningful’. It’s utterly meaningless to wish someone’s birthday to somebody else and you could have been the victim of ‘mistaken identity’. People abuse social media in the grossest terms. After the infamous Paris attack, Fox News had mistakenly broadcasted that the Eiffel Tower paid a tribute to the victims of the attacks by switching off the lights. Actually, it was the normal 1 AM Darkness. Someone tweeted, ‘Wow, lights off on the Eiffel Tower for the first time since 1889.’ Double mistake. The lighting was installed in 1925. However, the wrong fact was re-tweeted 30 thousand times and almost the same number of people had liked it!

Let us enter the ‘meaningless’ world of social media more deeply and see what really happens there and how it keeps affecting our personal and social lives; moreover, our mental health.

Yes, I also belong to those billions of social media users; the majority of them do not know, they do not have the faintest idea, that actually they are making social media owners super-super-rich by getting addicted to those applications. However, people may argue, we can use them for free. Really? I do not think so. Nothing is free in this world. You need a device and internet connection to use any social media application. So, directly or indirectly, you have to pay for it. Majority of people believe it is free. But social media companies offer it for free because in return they get access to precious ‘big data’! This is the first step to the hotheaded ideas; and next comes the disguise. Social media applications disguise themselves as free and just make fools out of us and, finally, it becomes a nuisance to us.
It may become a menace to your privacy. It may turn you into Narcissus. It makes you less happy because after spending some time on social media people often feel like, ‘I have wasted my time. I have not achieved something.’ Researchers and psychologists have toiled for years, surveyed many people and found this simple truth. Studies by Christina Sagioglou and Tobias Greitmeyer in 2014 found that spending more time on social media was one of the root causes of our unhappiness. It was an old report. Present crisis seems to be more sinister. Elliot T.Panek, YioryosNardis, and Sara Konrath researched on the relationships between narcissism and social networking sites. They found it varies from one platform to another.

There are more complaints. The social media really blocks out real emotions. You may become a constant-attention-seeker. You hop from one social application to the other for getting more ‘likes’ or checking whether people have given enough attention to your ‘posts’. For you, ‘my posts’ become more important than ‘other posts’. You really do not know what is happening inside and how it is changing you. You are turning into a little dictator-in-your-own-world.

Every dictator is what you know very well. History has proved it. Only openness can save us from getting lost in the maze of different views. Social media, although disguising itself as an open mediator, actually closes your mind-doors. One after another; and that is more dangerous.

For a brief moment, let us forget about the adults’ concerns. Think about the children. They are our future. There are no points of repeating a host of reports that have warned of the negative impact of social media on children’s psychological health. For the last few years, these reports keep warning us constantly. Children and teens easily become victims of bullying. It exacerbates already worse situations that are pushing them towards the dark world of anxiety, depression and loneliness. It causes sleep problems. They adopt the vicious cycle of self-harming. Reports related to adults are equally pathetic. ‘GlobalWebIndex’ has published a report that says, at the end of last year, people were spending more than two hours on their respective social media applications and it affects many things — from productivity to their personal lives. It is a global average. It does not belong to a particular country; although, 62 percent of people living in North America alone have Facebook accounts and they spend a lot of time on it.

The technology giant Apple’s head Tim Cook recently said that he did not want his nephew on social media. You may find it ironic when someone like Tim Cook worries about another technological invention.

The root cause of any addiction looks very simple in nature. It is all about ‘feeling high’. Think about addicted gamblers; whether they win or loose, they keep playing. A flock of social media applications wheels overhead; it constantly reminds you that something might have happened in between. Before it traps you, please remember one thing — they want you to spend your entire time on them for one and only reason — they just use your presence for making more money.

It also creates a false world around you. Alone in your house, you start believing that you have millions of friends around the world. Is it true? If you fall sick, nobody will come and help you to reach the hospital. They will definitely show their ‘caring and real feeling’ by writing immediately on your social media wall. The attitude is like ‘share first, think later’!

We want to share any ‘interesting or unknown thing’ very fast. We do not care to check the veracity; we do not even care whether the receiver would find it interesting or not. We do that because we are competing with others to make us superior to anybody else — we want to say, ‘look, how knowledgeable I am!’. Sadly, most of our social media posts remain unread. Most often, people quickly scroll downwards; they do not waste their ‘precious time’ reading your posts. Within a fraction of seconds, they jump over and give a quick ‘like’, expecting that the recipient would reciprocate in due course. Constant mental calculations run parallel. This person never likes my post, so I will not give it a ‘like’.

People say extremely rude and insulting things and do not hesitate to abuse others. Troll or social-media-abuse is a major concern in every country. Taking full advantages of communicating in real time, extremists often misuse these
‘so-called-free’ platforms. No, we cannot blame social media for these occupational hazards. That is not our concern at present.

We worry about our mental health. Excessive use of social media is a serious threat in our time and we need to address it with patience and collective thinking. When everything goes out of hand and we start experiencing the terrible feeling of sadness, we do not want to say, “I knew I had been an idiot to stay addicted to a stupid thing”.

letters@tehelka.com

Don’t forgot, the pen is mightier than the sword!

Jaipur Lit Fest by Shailendra (10)As tensions accelerate here and there and all along the LOC, I have been asking myself — Can’t sense prevail? Can’t we see that politics of hate and hatred is being generated amongst the countries of this subcontinent so that we remain far away and cut off from each other? Can’t we see political lobbies and arms dealers coming in way of our togetherness? Can’t we see the destructive powers of the political mafia? Can’t we see the bigger designs of powers and super powers controlling our lives and livelihoods? Can’t we comprehend the dangers ahead, as every single day more divisions are thrust in our midst, in the way of our collective togetherness?

As I sit rather forlorn, there comes in this latest issue of ‘The Equator Line’ with this rather catchy title sprawled on its cover — ‘Imagine There’re No Countries.’ Nudging me into imagining: what if this world or at least this subcontinent was to be one! No barriers. No boundaries. No Line of Control. No political hurdles. No hounding and killing of refuge- seekers. No hate speeches. No wars. No surgical strikes. No arms dealers in those various guises hovering around the top politicians of the day. Yes, it would be bliss!

And I delved into the pages of this latest issue of The Equator Line, it was sheer delight to read writers from different countries of this subcontinent and even beyond, each of them focusing on the human and his or her very being! And as I delved somewhat
more into the five-year-long journey of this refreshingly different publication, there was that connect with an entire range of simple happenings in our daily lives which we seem to be bypassing or overlooking or trampling upon, caught that we are in the midst of the complicatedly chaotic changes spreading around.

To quote the magazine’s chief editor, Bhaskar Roy, “At a time when the once-mighty print media appeared overtaken by new technology, TEL began its journey — tentatively amidst uncertainties. Surprisingly, in the past five years that the magazine has been on the road, it has found space for itself with the young professionals and academic community strongly backing it. Every issue of TEL picks up a theme, and everything between the covers revolves around it. The issue that hit the stands on New Year’s Day 2012 focused on the leadership question. India: Waiting for a New Helmsman — that was the title of the first TEL number. The next issue raised a new debate questioning the validity of the Radcliff Line. The Subcontinent: Reinterpreting the Radcliff Line asks the intelligentsia on either side of the border about their shared heritage and uncertain future. The writers, academics and other professionals responded in equal measure to the challenge of achieving peace, rejecting the division, and pointing out that the resilience of the common affinities are stronger than the political division…” In fact, Bhaskar Roy also focuses on its very reach. “With every such innovative number the magazine broke new ground and won wide approval. And for Peter Canby, a legendary editor at The New Yorker this magazine from India is indeed good news. “‘I am very happy to have a stack of ‘Equator Line’ in my office — both to browse in and share with others.”

♦ ♦ ♦

Today our very survival is at stake, as the political mafia accelerates its treachery, destroying us as never before. Today it’s the fundamental duty of each single writer to cry out, through words. Believe me, words from the very heart do reach out, do connect, could halt the sheer brutality inflicted each single day. It doesn’t really matter which region or religion you belong to. What’s crucial is the fact that no political ruler has the sanction to hoodwink the masses and then make them indulge in killings, here and there. Today, it’s getting frightful to see hundreds of refugees queueing up, running for their lives from here to there. It’s not just the hapless Rohingyas but also the internally displaced, fleeing the politically charged goons hounding them. Yes, something or everything horribly wrong is ongoing, yet we are not reacting! Mute we sit. Why?

Remember the Progressive Writers’ movement came up in the 1930s when the then repressive situation was getting impossible to deal with? Writers and poets had come to the fore, armed with verse and prose. Yes, just words and more of them, each word dripping with passion and purpose. As this verse by Sahir Ludhianvi still stands out—
“Here we go, stoking fire through song-laden lips/
The fear of the world can never staunch the flow of our words/
In all, we have just one view, our own/
Why should we see the world through someone else’s eyes?/
It is true we did not turn the world into a garden/
But at least we lessened some thorns from the paths we travelled.”

Move your pen, my countrymen. Time ripe, rather over-ripe for a full-fledged writers’ movement to take off. Call it by any name or term of choice but it ought to halt the fascist forces denting and destroying this entire region. It ought to be such a tough movement which can take on the might of the rulers and their ruthlessness inflicted on us and on our children, day after day. So much so, that this generation seems to know more about wars and conflicts and hate- killings and surgical strikes than about our literature and those literary giants who’d more than hinted of the tough stand one ought to take in dark times.

Read and re-read this passion-laden verse of Faiz Ahmad Faiz, his words compelling each one of us to pick up the pen and write on, to write fearlessly without giving a damn to the hurdles thrown along the way by the brutalities of the rulers and the very machinery they man:

“So what if my pen has been snatched away from me/
I have dipped my fingers in the blood of my heart/
So what if my mouth has been sealed; I have turned/
Every link of my chain into a speaking tongue.”

letters@tehelka.com

New US policy on S Asia has lessons for India

usaThe US under President Donald Trump is no longer what it was during the days of the Obama administration or even before that so far as its South Asia policy is concerned. Its interest in Afghanistan remains intact, but the US today seems to have no love lost for Pakistan, once the most important non-NATO ally of Washington DC in the war on terrorism. Pakistan has ceased to enjoy centrality in the US policy for the region whereas India appears to have acquired the key position in the American scheme of things for South Asia and the surrounding areas.

Washington DC’s main worry concerning the region is that under no circumstances should terrorists and extremists be allowed to strengthen their position as they pose the gravest threat to US interests in the region. As President Trump mentioned in his latest policy speech, “In Afghanistan and Pakistan, America’s interests are clear: We must stop the resurgence of safe havens that enable terrorists to threaten America, and we must prevent nuclear weapons and materials from coming into the hands of terrorists and being used against us, or anywhere in the world for that matter.” Since this is contrary to Pakistan’s undeclared policy with regard to the extremist elements, the increasing distance between Washington DC and Islamabad is not entirely unexpected. What is remarkable is that President Trump is not hesitant about pursuing his policy aimed at punishing Pakistan for its pro-extremist approach.

The other noticeable point is that the US does not intend to keep India away from its new Af-Pak policy because now Washington DC has come to realise that India can play a significant role in establishing peace in the region using its popularity in sections of Afghanistan. Earlier, the US viewed India’s role by putting Pakistan at the centre of its Af-Pak agenda, which was not a wise policy.

Pakistan has never been sincere in getting the Taliban factions in Afghanistan defeated, essential for enabling the government in Kabul to establish its sway all over the landlocked country. The reason is that the decimation of the Taliban may not help Pakistan achieve its larger objective of finding ‘strategic depth’ in Afghanistan. Besides this, a strong Taliban factor in Afghanistan will work against India’s interests which obviously suits Pakistan. That is why
Pakistan has been clandestinely doing all it can to ensure that the network of the Taliban, including the Haqqani faction, remains as strong as ever.

This has been a major worrying factor for the US as it cannot afford to allow any country or agency to provide any kind of help to the Taliban because the extremists remain as strongly opposed to the US presence in Afghanistan as they are against India. President Trump is, therefore, right is his observation (through a tweet), “The United States has foolishly given Pakistan more than 33 billion dollars in aid over the last 15 years, and they have given us nothing but lies & deceit.”

This has resulted in the US freezing more than USD 1.15 billion security assistance to Pakistan, accusing Islamabad of harbouring terror groups like Hafiz Saeed’s Lashkar-e-Taiba and Afghan Taliban factions such as the Haqqani network and unwillingness to go against these elements with “decisive actions”. This may not be the end of the US’ resort to coercive diplomacy to force Pakistan to honour the promises made to the world community by acting decisively against the destructive elements having presence all over the country. The Trump administration has threatened to impose economic sanctions too on Pakistan if the latter does not put the extremists under the leash. These sanctions against Pakistan, it seems, are not far off though it may be difficult to get approval for such a measure from the UN as China can come to the rescue of its all-weather-friend with its veto power.

The tightening of screws on Pakistan has evoked welcome from Afghanistan, which has been suffering not only because of internal factors but also owing to external designs mainly involving Pakistan’s intelligence agencies to keep the pot boiling in its own interests.

All these indicate serious trouble ahead for Islamabad on the economic and other fronts. The US may intensify drone strikes in Pakistan’s tribal areas which may result in the latter’s tribal population mounting its pressure on Islamabad to meet the challenge with full might. These developments may only multiply Pakistan’s difficulties obviously owing to its short-sighted, adventurous policies.

But India too is unlikely to feel comfortable under such circumstances. Chances are that terrorist attacks may go up considerably if foolproof precautionary measures are not taken in time. The scenario that may emerge will be in accordance with the terrorists’ designs. They have always been opposed to any kind of peace drive involving the US as well as India. They will get an excellent opportunity to mislead Pakistan’s common man that the US and India have come together to bleed Pakistan to death. These elements are bound to prosper with all kinds of help coming to them from different sections of society and institutions like the army, which even otherwise has been sympathising with the extremist elements owing to their anti-India and anti-US activities.

US strategists must keep all these factors in view while going ahead with the implementation of Washington DC’s new policy framework. The US will have to go ahead with its redesigned scheme for the region with great caution so that its moves do not boomerang or worsen the situation in South Asia. India may ultimately be the biggest loser with the extremists getting a protective shield from the China-Pakistan axis and India being used by the US to further Washington DC’s geopolitical interests. The US has always been trying to use India for two main purposes: to capture the second biggest market after China for its costly products to keep its industrial wheel moving at a fast pace; to push India against China to prevent or delay Beijing’s projected emergence as the world’s future super power.

However, the refurbished US policy for South Asia can result in a major gain for India if the US succeeds in freeing the region from the extremist scourge. Can the Trump administration do it? At this stage, such a denouement appears almost impossible. We all know that the US used all its might to eliminate the Taliban in Afghanistan in the wake of 9/11 but without success. If this has been the experience in Afghanistan, how can one expect a different result in Pakistan, where the US campaign is likely to be limited to coercive diplomacy? There is one way that may lead to victory: if the US cannot defeat the extremists, it can formulate a strategy to render these elements irrelevant.

letters@tehelka.com

Gujarat boils over death of Dalit activist

 gujarat-protest

Several parts of Gujarat, including capital Gandhinagar, Ahmedabad, and Patan in Mehsana district were affected by the rallies and protests held against the failure of the authorities to prevent suicide by Dalit activist Bhanubhai Vanakar, police said.

The protests were held after police detained Dalit leader and independent MLA Jignesh Mevani, and over 70 others, in Saraspur area of Ahmedabad this morning when they tried to stage demonstrations over Vanakar’s death, reports said.

While City crime branch officials claimed that Mevani did “not behave properly” with the police during his detention, the MLA tweeted he was pulled out of a car by police in a “very uncivilised manner”.

Vanakar, 62, had set himself ablaze outside the Patan Collector’s office on February 15 seeking allotment of land to a Dalit family. He died of burn injuries at a private hospital in Ahmedabad the next day. His body is still lying at Gandhinagar civil hospital as his kin refused to accept it.

Joint Commissioner of Police (Crime) J K Bhatt reportedly said Mevani did not co-operate with police for maintaining peace in the city. “Many Dalit leaders of the city had assured us that peace will not be disturbed during protests. Unfortunately, Mevani didn’t give any such assurance. So, as a precautionary measure, we have detained him today,” Bhatt was quoted as saying.

protest1He reportedly said police also detained around 70 people from Sarangpur and Vadaj areas of Ahmedabad city. “Mevani and other detainees will be released at a proper time,” the JCP said, adding two companies of anti-riot Rapid Action Force (RAF) and three companies of the State Reserve Police (SRP) have been deployed in the city.

Deputy Chief Minister Nitin Patel had on Saturday announced constitution of a judicial commission under a retired high court judge or form a SIT to investigate Vanakar’s death.

Patel had said that a member of the family of the deceased will be given a government job.

Bhanubhai Vanakar was a member of the Mewani-led Rashtriya Dalit Adhikar Manch. Last month, he had submitted a letter to the CM claiming he would commit self-immolation if his demands were not met

Vanakar had demanded land allotment to Dalits of Dudhka village, in Patan, Mehsana district. Since the govt refused to act, he self-immolated himself on Friday and suffered 96% burn injuries. Doctors declared him dead on Saturday.

66 people feared dead as Iran plane crashes due to bad weather

9459762-16x9-large
File Photo: ATR 72, a twin-engine turboprop

 A passenger plane with 66 passengers onboard crashed in central Iran on February 18. All the passengers are believed to have been killed.

The ATR 72, a twin-engine turboprop crashed due to bad weather into the Dena Mountain near the town of Semirom.

There were 66 persons onboard including 60 passengers, two security guards, two flight attendants, the pilot and co-pilot.

The Iran Aseman Airlines aircraft disappeared from the radar soon after taking off from Tehran.

According to reports, the plane crashed just 185 km away from its destination.

According to Semirom officials, due to heavy fog and rain it was hard for rescue operators to reach the crash site. Rescue teams reportedly reached the crash site by land and were trying to find the debris

All 65 on board feared dead in Iranian plane crash

An Iranian commercial plane crashed on Sunday in a mountainous region of southern Iran amid bad weather, killing all 65 passengers and crew on board, state media reported on Sunday.
An Aseman Airlines ATR-72, a twin-engine turboprop used for short-distance regional flying, went down near its destination of the southern Iranian city of Yasuj, some 780 kilometres south of the Iranian capital, Tehran.
Aseman Airlines flight EP3704 left Tehran around 0800 (0430 GMT) for the city of Yasuj, some 500 kilometres (300 miles) to the south, the airline’s public relations chief Mohammad Tabatabai told state broadcaster IRIB.
The ATR-72 twin-engine plane, in service since 1993, disappeared from radar around 45 minutes after takeoff from the capital’s Mehrabad airport.
Earlier in the day, a spokesman for the Iranian carrier had told state television everyone was killed, but the airline then issued a statement saying it could not reach the crash site and could not “accurately and definitely confirm” everyone died.
Emergency services had yet to locate the precise location of the crash.
“The rescue and relief teams were sent to the possible area of the crash… but the helicopter could not continue its path due to snow and blizzard,” Jalal Pooranfar, regional head for Iran’s emergency services, told the ISNA news agency.
He said teams were being sent by land. “Right now there are five rescue and relief teams of the emergency service in the area. But they still haven’t spotted anything,” said Pooranfar.
The Relief and Rescue Organisation of Iran’s Red Crescent said it had also sent 12 teams to the region.

CBI arrests three in PNB fraud scam case

Gokulnath Shetty
Gokulnath Shetty, retired deputy manager of PNB

In the Rs. 11,400 crore PNB fraud case, the CBI on February 17  arrested three prime accused: Gokulnath Shetty, retired Deputy Manager of PNB, Manoj Kharat, single window operator (SWO) and Hemant Bhat, authorised signatory of the Nirav Modi companies, says reports.

All the three accused will be produced before CBI special court in Mumbai on February 17.

Shetty was involved in issuing fraudulent letters of undertaking (LoU) without informing the higher authorities on behalf of companies of Modi group and Mehul Choksi for seven years. He was one of the employees authorised to use the SWIFT messaging system for sending LoUs, according to reports.

The Central Vigilance Commission (CVC) has summoned the PNB management and Finance Ministry officials to appear before it on February 17.

The Indian Banking Association will hold meeting with Chiefs of all the PSU banks through video conference.

PNB has suspended 18 of its employees so far in this mega banking scam of Rs. 11,400 crore.

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