Govt allowed Mallya to escape: Cong; Loans given by UPA: Govt

March 10, 2016

New Delhi, Mar 10: Congress today accused the BJP- led government of "criminal consipracy" in allowing businessman Vijay Mallya, facing probe in several loan default cases, to fly out of the country, as Finance Minister Arun Jaitley sought to corner the main opposition party by saying the loans were given to him during UPA rule.

upa"My charge against this government is that when so many agencies were interrogating him (Mallya), why was he not arrested, why was his passport not confiscated," Leader of Opposition Ghulam Nabi Azad said in Rajya Sabha.

Raising the matter during Zero Hour, Azad said everyone knew Mallya "could flee any day" and the investigating agencies should have seized his passport and taken steps to restrict his movement.

Maintaining that Mallya lived a "luxurious life" and had bases in several countries, the Congress leader said Mallya is not a "needle" and moves around with an entourage and expressed surprise how he managed to leave the country despite a CBI "Look Out Notice".

"My allegation is that this government is party to this criminal conspiracy of allowing him to escape and leave the country. In this criminal conspiracy, this Government should be made party and the Supreme Court should take note of this.

"Without the participation and without the active support of this government, he could not have left the country. That is my allegation," Azad said, adding that "one had escaped, the second Lalit Modi (Mallya) should not be allowed to escape".

Countering the charges, Jaitley said the banks have been asked to recover "every penny that is due", adding that the first banking facility was given to Mallya and his companies in September 2004 which were renewed in February 2008.

The Leader of the House further said the accounts were declared non-performing assets (NPA) on April 30, 2009 and these debts were restructured and more facilites extened in December 2010.

"In what circumstances were the loans given is an issue of investigation and the CBI is investigating," he said.

"How these accounts were running, what facilities were given, the dates tell their own story," Jaitley said, adding "when the loans were given, how they were given... introspection will be required."

Jaitley said the liabilities including interest aggregates to Rs 9,091.4 crore as on November 30, 2015.

Maintaining that banks and financial institutions were taking steps to recover dues and attachment of properties, the Minister said he had a list of 22 cases filed in different parts of the country and added that some assets have also been attached.

He also said there was no order to stop Mallya from leaving the country.

"That day, there was no order of any agency to stop him (from leaving the country)," Jaitley said, adding Mallya had left the country before the banks moved the Supreme Court for seizure of his passport.

Mallya had left the country on March 2.

On Azad's contention that the present government had failed to bring back Lalit Modi, Jaitley said it was during the UPA rule that the former IPL chief had left the country.

"I was giving an example that one had escaped, the second Lalit Modi (Mallya) should not be allowed to escape," Azad said.

The senior Congress leader also said that during his long political career, he has never recommended to any bank for advancing loan to any person.

Earlier, Naresh Agrawal (SP) said the matter of Mallya, a Rajya Sabha MP, should be referred to Ethics Committee.

Deputy Chairman P J Kurien said: "I agree with you. This is a matter to be taken up by the Ethics Committee".

Comments

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Thursday, 10 Mar 2016

Mallya should be treated as terrorist, because he cheated many innocent employees by holding their salaries and he is reason for the suicide of his many employees.

Indian government should make arrangements to bring him back from other country without any delay.

In each bank there is a thief, the thief might have been informed him to leave the country in advance.

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News Network
June 18,2020

New Delhi, Jun 18: The border clash between Indian and Chinese soldiers in Ladakh broke the brittle quiet – and also the sense of security for anxious Chinese nationals in India who fear a backlash with anti-Chinese sentiment spiralling in the country.

With the high altitude violent face-off in eastern Ladakh’s Galwan Valley spurring hashtags such as “Boycott China” and “Teach Lesson to China” and leading to street protests, the undercurrents of tension were evident.

Wary of being identified, some said they had been reassured by their friends but were still apprehensive for themselves and their families.

"They (Chinese families) don''t want to speak to the media. They are not going out and are worried about their security and well being. Their families are also worried back home," Mohammed Saqib, secretary general of the India China Economic & Cultural Council, told PTI.

He added that his Chinese friends in India been calling him since they heard news about Monday night’s clashes in which 20 Indian soldiers were killed -- the worst military confrontation in five decades -- and expressed concern over growing anti-China sentiments.

A Chinese national from Beijing working in Gurgaon for a Chinese mobile firm initially refused to talk, saying he did not want to speak to the media and later shared his thoughts only on condition of anonymity.

"There is talk of border standoff and tensions, but we know Indians are very warm people and that is why I have told my family that all is fine here and they should not worry," he said.

Another Chinese national working in Gurgaon said he and his family are feeling the stress amid the spiralling conflict between India and China, but many friends have been reassuring him.

"They (Chinese in India) are under a lot of stress naturally. Such a conflict puts a lot of stress as they could bear the brunt and the same applies to Indians in China," B R Deepak, professor at the Centre for Chinese and South East Asian Studies of the Jawaharlal Nehru University said.

He said it was unfortunate that the border standoff derailed the commemorative programmes aimed at strengthening ties at a time the two countries were gearing to celebrate 70 years of establishment of diplomatic ties.

Experts also feel the border clash is likely to have a significant negative impact on the economic and people to people ties.

There are scores of Chinese in India working in various Chinese firms and also those who are studying in universities like JNU.

About 3,000 Chinese people, doing business or studying in big cities in India, were stranded in India at the start of the COVID-19 crisis, and about half of them returned to China before the lockdown began on March 25.

The Chinese Embassy in New Delhi announced on May 25 that they will arrange for flights to take back students, tourists and businesspersons to five Chinese cities, including Shanghai and Guangzhou.

"It will impact the psychology of the Chinese here. There are 2,000 Chinese firms in various sectors in India which are going to be impacted," Deepak said.

Future investments from the Chinese side could also be impacted, he said.

Moreover, as far as people-to-people contacts are concerned, the number of Chinese students choosing India as a preferred destination is likely to go down, Deepak said.

Alka Acharya, another China expert, said there are two kinds of impacts of such an incident -- short term and medium term.

Usually after the initial nationalistic reaction in the short term things tend to normalise in the medium term, but with such a border clash happening for the first time in decades clearly the resonance would be much more in both India and China, said Acharya, professor at the Centre for East Asian Studies, School of International Studies, in JNU.

“Due to the impact of the COVID-19 crisis on the economy, whether India can take a hardline in terms of economics towards China, is a tricky question,” she said.

In the immediate context, there may be a dip in economic ties with calls for boycott of Chinese goods and services, Acharya said.

The manner in which this crisis is resolved will affect how ties will be affected in the medium term, she said.

The headlines have added to the anxiety.

A group of ex-armymen gathered near the Chinese embassy to protest the killing of 20 Indian Army personnel in Ladakh’s Galwan Valley. And another group of around 10 protesters belonging to the Swadeshi Jagaran Manch protested near the Teen Murti roundabout in Central Delhi.

The anti-China sentiment prevalent among the common public is also finding a reflection in government policy with sources saying the Department of Telecom (DoT) is set to ask state-owned Bharat Sanchar Nigam Ltd (BSNL) not to use Chinese telecom gear in its 4G upgradation.

Trade bodies like CAIT are also calling for a boycott of Chinese products.

And Chinese handset maker Oppo cancelled the livestream launch of its flagship 5G smartphone in the country amid protests.

Monday night’s clashes between the Chinese and Indian troops in Galwan Valley significantly escalated the already volatile border standoff between the two countries.

The casualties on the Chinese side are not yet known. However, government sources, citing an American intelligence report, claimed the total number of soldiers killed and seriously wounded could be 35.

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News Network
May 25,2020

New Delhi, May 25: India witnessed the highest ever spike of 6,977 positive cases in the last 24 hours, taking the total number of COVID-19 to 1,38,845, according to the Union Ministry of Health and Family Welfare.

India is now among the top 10 countries in the world regarding the total number of COVID-19 cases.

With 154 deaths reported in the last 24 hours, the total number of deaths due to COVID-19 now stands at 4,021 in the country.

Out of the total number of cases, 77,103 are active cases and 57,721 have been cured/discharged/migrated.

Maharashtra continues to remain the worst affected state with 50,231 COVID-19 cases, followed by Tamil Nadu (16,277), Gujarat (14,056) and Delhi (13,418).

The fourth phase of the nationwide lockdown imposed as a precautionary measure to contain the spread of COVID-19 is scheduled to end on May 31.

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News Network
July 15,2020

New Delhi, Jul 14: India's COVID-19 tally has reached 9,36,181 as 29,429 new coronavirus cases were reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Wednesday.

The death toll went up to 24,309, including 582 fatalities in the last 24 hours.

Out of the total cases, 3,19,840 are currently active and 5,92,032 are cured/discharged/migrated.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,67,665 COVID-19 cases and 10,695 fatalities. While Tamil Nadu has a tally of 1,47,324 cases and 2,099 deaths due to COVID-19.

Delhi has reported a total of 1,15,346 cases and 3,446 deaths due to COVID-19.

As per the information provided by the Indian Council of Medical Research (ICMR) 3,20,161 samples have been tested for COVID-19 till July 14, of these 1,24,12,664 samples were tested on Tuesday.

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