New Delhi, Feb 17: Alleging that the Opposition Congress indulged in scandalous affairs and
misused position in government and tweaked systems to help themselves during
UPA regime, the ruling BJP issued a counter offensive on Saturday that the
Narendra Modi government was cleansing the system and unearthing scams of their
predecessors.
'Their (Congress') levelling allegations against the Centre
and misleading people will not just add up,' said Defence Minister Nirmala
Sitharaman regarding Rs 12,000 crore Punjab National Bank fraud in a press
conference at party headquarters here.
All the inheritance, legacy and property in this case belong to the Congress, she said, adding, 'They are the beneficiaries and promoters. It is shocking that Congress party is questioning us when we have acted against these misdeeds. They'll have to answer.'
'The original sin in this particular episode of Nirav Modi was committed in 2011. With the help of Punjab National Bank Officials, Letters of Undertakings (LoUs), which hold good only for 90 days, were issued. The delinquent officer kept files under control and did not enter the details in the core banking system, leading to no one detecting it till he almost retired in 2017,' she said.
Then, the LoUs were evergreened and it continued for unusually long time, Ms Sitharaman said, adding that the accused did the evergreening of LoUs for 365 days when he retired and in this way the fraud went undetected for long.
The entire might of the government has been invoked to pin the culprit Nirav Modi in the fraud case immediately after it came to light. 'It is this Modi government, which unearthed the scam and all agencies, including ED, IT, Serious Fraud Investigation Office (SFIO), CBI and MEA, came into force. Several actions were taken and culprits' properties were confiscated,' she said.
Ms Sitharaman said,'The property of Adwait Holdings Pvt Ltd, whose directors are wife and son of Congress leader Abhishek Manu Singhvi, Anita Singhvi and Avishkar Singhvi, is rented to Nirav Modi's jewellery company Fire Star Diamond International Limited in Mumbai. Both companies have also done loan transactions.'
'On September 15, 2013, a proposal of restructuring and giving additional loans to the tune of Rs 1,500 crore to the same jewellery group (Gitanjali Gems) is mooted in Allahabad Bank board meeting. Join the dots.
'You promote Geetanjali Gems, give them building on lease, your wife is a Director and allege us of wrongdoing.'
She asked why did the Congress support the accused and allowed him to flee in 2013 and no one was arrested. Why did then Finance Minister not ask when former government nominee director on the Allahabad Bank board (Dinesh Dubey) was forced to resign. Dubey had opposed the loan proposal and presented a dissent note arguing that Gitanjali Gems should first return Rs 1,500 crore loan given to it earlier before a fresh loan amount could be cleared.
Investigations were being conducted and the culprits will be arrested, she assured.
'In this mega banking scam, there are enough and more facts in our hands. With these fact, we want media to ask questions to the Congress and better educate the people of India regarding the scam,' she stated. UNI
All the inheritance, legacy and property in this case belong to the Congress, she said, adding, 'They are the beneficiaries and promoters. It is shocking that Congress party is questioning us when we have acted against these misdeeds. They'll have to answer.'
'The original sin in this particular episode of Nirav Modi was committed in 2011. With the help of Punjab National Bank Officials, Letters of Undertakings (LoUs), which hold good only for 90 days, were issued. The delinquent officer kept files under control and did not enter the details in the core banking system, leading to no one detecting it till he almost retired in 2017,' she said.
Then, the LoUs were evergreened and it continued for unusually long time, Ms Sitharaman said, adding that the accused did the evergreening of LoUs for 365 days when he retired and in this way the fraud went undetected for long.
The entire might of the government has been invoked to pin the culprit Nirav Modi in the fraud case immediately after it came to light. 'It is this Modi government, which unearthed the scam and all agencies, including ED, IT, Serious Fraud Investigation Office (SFIO), CBI and MEA, came into force. Several actions were taken and culprits' properties were confiscated,' she said.
Ms Sitharaman said,'The property of Adwait Holdings Pvt Ltd, whose directors are wife and son of Congress leader Abhishek Manu Singhvi, Anita Singhvi and Avishkar Singhvi, is rented to Nirav Modi's jewellery company Fire Star Diamond International Limited in Mumbai. Both companies have also done loan transactions.'
'On September 15, 2013, a proposal of restructuring and giving additional loans to the tune of Rs 1,500 crore to the same jewellery group (Gitanjali Gems) is mooted in Allahabad Bank board meeting. Join the dots.
'You promote Geetanjali Gems, give them building on lease, your wife is a Director and allege us of wrongdoing.'
She asked why did the Congress support the accused and allowed him to flee in 2013 and no one was arrested. Why did then Finance Minister not ask when former government nominee director on the Allahabad Bank board (Dinesh Dubey) was forced to resign. Dubey had opposed the loan proposal and presented a dissent note arguing that Gitanjali Gems should first return Rs 1,500 crore loan given to it earlier before a fresh loan amount could be cleared.
Investigations were being conducted and the culprits will be arrested, she assured.
'In this mega banking scam, there are enough and more facts in our hands. With these fact, we want media to ask questions to the Congress and better educate the people of India regarding the scam,' she stated. UNI
Post A Comment:
0 comments so far,add yours