All corrupt leaders in Pakistan will go to jail: Imran Khan

Agencies
October 26, 2018

Islamabad, Oct 26: Promising that all corrupt leaders will go to jail, Prime Minister Imran Khan has said that no politicians and officials who have put Pakistan into the debt trap through their corrupt practices will get protection from any legislation like the defunct National Reconciliation Ordinance (NRO).

The controversial NRO was promulgated in October 2007 by the government of then-president Gen Pervez Musharraf. Under the ordinance, cases against politicians were removed, paving the way for many of them to return to the country. It was declared unconstitutional by the Supreme Court of Pakistan in December 2009.

Addressing the nation on Wednesday to share the details of his efforts to bring cash-strapped Pakistan out of financial difficulties, Prime Minister Khan lashed out at the previous governments for raising Pakistan's debt to Rs 30,00,000 crore.

In a reference to the PPP and PML-N, Khan said the opposition parties that are accusing his government of incompetence are doing so because they fear that "their corruption will be unearthed when we do an audit of the Rs 30,00,000 crore.

"They just want an NRO from us," he said. "I want to give them a message: 'open your ears and hear this: you can come out on the streets. We will give you containers and give you food. You can do whatever you want in the assemblies... (But) no one will get an NRO'," he was quoted as saying by the Dawn.

"No corrupt person will be let go," Khan said, recalling that he had been elected by the nation on the promise that he will "put the corrupt people in jails".

The premier said the country has no future until and unless corruption is rooted out.

"The fake bank accounts... where is all this money coming from? The money is being stolen (from the nation). The country's leaders then have to go and ask for loans abroad... because dollars are laundered out of the country," he said.

He said the entire burden of loans taken by corrupt officials falls on the nation. Taxes are imposed and prices are raised in order for the country to be able to pay back the loans.

"This is the cycle that is functioning in Pakistan... a small class is growing wealthier, while the masses are becoming poorer."

In order to break this cycle, Khan said, the government will ensure accountability is carried out "no matter what anyone does".

Urging the nation to not be dismayed by the economic difficulties, he said his government was cracking down against corruption and money laundering.

"Don't worry at all," he told the nation, adding that people who tolerate a corrupt leadership, unfortunately, have to pay the price for it.

He said the government is making all-out efforts to prevent stolen money from flowing out of the country.

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News Network
March 6,2020

New York, Mar 6: A 23-year-old Indian with a student visa in the US has pleaded guilty to sexual enticement of a minor girl, prosecutors have said.

Sachin Aji Bhaskar faces a maximum penalty of life in prison.

He pleaded guilty before Senior US District Judge William M Skretny to sexual enticement of a minor.

The charge carries a minimum penalty of 10 years in prison, a maximum penalty of life in prison, a fine of USD 250,000 or both, US Attorney James P Kennedy said.

Prosecutors alleged that Bhaskar communicated by text and email with an 11-year-old girl for the purpose of engaging in sexual activity.

Through those communications, Bhaskar enticed the victim to engage in a sexual activity with him in August, 2018, they said.

The sentencing in the case is scheduled for June 17.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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Agencies
August 7,2020

Moscow, Aug 7: Russia will register its first vaccine against the coronavirus on August 12, Deputy Health Minister Oleg Gridnev said on Friday.

The vaccine has been developed jointly by the Gamaleya Research Institute and the Russian Defence Ministry.

"The vaccine developed by the Gamaleya centre will be registered on August 12. At the moment, the last, third, stage is underway. The trials are extremely important. We have to understand that the vaccine must be safe. Medical professionals and senior citizens will be the first to get vaccinated," Gridnev told reporters at the opening of a cancer centre building in the city of Ufa.

According to the minister, the effectiveness of the vaccine will be judged when the population immunity has formed.

Clinical trials of the vaccine began on June 18 and included 38 volunteers. All of the participants developed immunity. 

The first group was discharged on July 15 and the second group on July 20.

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