23 C
New Delhi
Tuesday 7 April 2020

PNB fraud is UPA scam, says BJP

Editorials

In India

Lockdown to end on schedule, hints PM; list 10 KRAs, union ministers told

Today's meeting of the prime minister with his colleagues in the union ministries raises hope for the economy even amid the apprehension that the nation might not be able to break the chain of the COVID contagion by 14 April

Terrorist links of Tablighi Jamaat include Masood Azhar, Osama bin Laden

Maulana Masood Azhar, the founder of the terrorist group Harkat ul Mujahideen which underwent several name changes to finally become Jaish-e-Mohammed, is not only a member of the Tablighi Jamaat but also a once close associate of Osama bin Laden

New Delhi: The BJP dubbed the PNB fraud a “UPA scam”, claiming that a state-run bank was pressured to sanction loan to tainted businessman Nirav Modi in 2013 a day after Rahul Gandhi visited his jewellery exhibition.

The party questioned why the Allahabad Bank approved the loan, purportedly related to Mehul Choksi and Nirav Modi, though it was opposed by one of its directors, and wondered “who pressured the bank”.

The BJP hit back at the opposition Congress which has accused the government of turning a blind eye to information on the alleged scam and the accused fleeing the country.

“On 13 September 2013, Rahul Gandhi visited Nirav Modi’s jewellery exhibition at a hotel in Delhi and the very next day Allahabad Bank approved the loan to him, despite the fact that it was opposed by one of the bank’s directors Dinesh Dubey,” senior BJP leader Prakash Javadekar told reporters here.

“Now it is for the Congress to come clean on this fraud and make it clear what is the relationship between its chief’s visit to the exhibition and sanctioning of the loan,” he said.

He also suspected that the bank officials were pressured by the then UPA government to sanction the loan.

Javadekar, also a Union minister, asserted that the fraud came to light when the current government decided to clean the entire banking system.

“So, it is the UPA’s scam that has been brought to light by the BJP government due to its alertness.

“All the non-performing assets (NPAs), the wrongful distribution of loans, amongst others were all passed down to us by the UPA government,” Javadekar said.

The entire banking system had failed during the UPA rule.

The scam remained under the carpet between 2011 and 2014, and it came to light after the NDA government tightened the banking norms, he added.

The NDA government allowed all enforcement agencies to speed-up the investigation. The government has also confiscated Nirav Modi’s properties worth over Rs 5,100 crore, the BJP leader said.

BJP sources claimed Dubey was removed by the UPA government as director of the Allahabad Bank because he objected to sanctioning of the loan.

PTI

Coronavirus worldwide update, with focus on India, LIVE

Since the facts and figures related to the novel coronavirus disease 2019 (nCOVID-19, COVID-19 or COVID) are changing by the minute, Sirf News has begun this blog to keep the readers updated with information coming from authentic sources

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Articles

China Is Guilty, But How Will World Retaliate?

The attack has to be calibrated as the world has invested heavily in China and that country, in turn, has markets worldwide, making your own economy vulnerable when you take measures against Beijing

Sewa In COVID Times: Living ‘Service Before Self’ Credo

Sewa International volunteers were first off the starting block, setting up non-medical helplines for the four regional areas — West Coast, East Coast, Midwest, and Southwest — for a coordinated national response, where people can call in for assistance

United States & India: Same COVID, Different Prescriptions

The different social structures, experiences in the leaders of the two countries, variation in the degree of political capital, etc make India and the US react differently to the global COVID pandemic

China Is Guilty, But How Will World Retaliate?

The attack has to be calibrated as the world has invested heavily in China and that country, in turn, has markets worldwide, making your own economy vulnerable when you take measures against Beijing

Sewa In COVID Times: Living ‘Service Before Self’ Credo

Sewa International volunteers were first off the starting block, setting up non-medical helplines for the four regional areas — West Coast, East Coast, Midwest, and Southwest — for a coordinated national response, where people can call in for assistance

United States & India: Same COVID, Different Prescriptions

The different social structures, experiences in the leaders of the two countries, variation in the degree of political capital, etc make India and the US react differently to the global COVID pandemic

For fearless journalism

%d bloggers like this: