Oppn seeks Railway Minister's ouster over link with company defaulting Rs 650-cr

Agencies
April 11, 2018

New Delhi, Apr 11: The Congress on Wednesday alleged "impropriety" and "conflict of interest" on the part of Railway Minister Piyush Goyal, saying a company associated with him in the past was given a "haircut" loan waiver of 65 per cent on the outstanding loan amount of over Rs 650 crore.

The party sought his removal from the Union Cabinet and a judicial investigation by a Supreme Court judge into the case.

Talking to the media, Congress leader Ghulam Nabi Azad said: "A damning tale of conflict of interest, sweetened deals, gross impropriety and bank loan defaults by Shirdi Industries Ltd with past and present affiliation to Piyush Goyal and his family is out in open."

Azad, who was accompanied by party leader M. Veerapa Moily and party spokesperson Pawan Khera, said Goyal was chairman and full-time director of Shirdi Industries Ltd from April 25, 2008 to July 1, 2010. The company had worked out a loan of Rs 258.62 crore from a consortium of banks headed by the Union Bank of India.

The Congress leader said that Shirdi Industries was declared sick on June 8, 2015, almost a year after the Modi government came to power.

"Despite Shirdi Industries Ltd (of Rakesh Agarwal and Mukesh Bansal) being declared 'sick', their sister company Asis Industries proceeded to grant an unsecured loan of Rs 1.59 crore in 2015-16 to Intercon Advisors Pvt Ltd, a company owned by Seema Goyal, the wife of the Union Minister," he alleged.

Azad said Goyal was also director of this company from September 15, 2005 to July 22, 2013.

He said that Insolvency and Bankruptcy Code Amending Act, 2017 prohibits a promoter of sick company from submitting bids before the National Company Law Tribunal (NCLT).

"Shirdi Industries went to NCLT. Outstanding loan amount of consortium of banks was Rs 651.87 crore. Shockingly, the consortium of banks agreed to take a haircut (waiver) of 65 per cent of loan amount and settled for Rs 228.85 crore," he said.

"Surprisingly, no one raised an objection that the promoter of Shirdi Industries could not make a bid in view of the prohibitions contained in the insolvency code," he added.

The Congress leader alleged that Rakesh Agarwal of Shridi Industries was "proximate" to Goyal as he was the director in another company along with the brother of Union Minister.

He said Piyush Goyal and his wife were directors in another company and were succeeded by the sons of Agarwal and Bansal.

"The web of corporate entities that ties Piyush Goyal and his family to Rakesh Agarwal/ Mukesh Bansal is glaringly apparent," Azad stressed.

Raising questions, the Congress leaders asked if it was "not a clear-cut case of conflict of interest and impropriety" on the part of Goyal.

The party asked if Goyal had declared his status as a chairman/whole-time director of Shirdi Industries as Rs 258.62 crore loan was raised from the UBI consortium.

It asked why Goyal had not declared the unsecured loan given to his wife's company in his public filing available on the PMO website.

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News Network
March 6,2020

Mumbai, Mar 6: A Rolls Royce car, paintings of famous artists M F Hussain and Amrita Sher-Gil, designer handbags and other luxury items belonging to fugitive diamond jeweller Nirav Modi garnered over Rs 51 crore in the second auction conducted on Thursday.

As many as 40 items went under the hammer on Thursday, which marks the completion of auction of assets seized by the Enforcement Directorate.

The auction was conducted by Saffronart on behalf of the deputy director, Enforcement Directorate, and was expected to garner a minimum of Rs 40 crore in proceeds.

A collection of 112 prized assets of Modi were put up for live and online auctions from March 3 to 5, which included major artworks by contemporary and modern Indian artists, designer handbags, luxury watches and cars.

While the online auction on March 3-4 garnered Rs 2.04 crore against the expected proceeds of Rs 52 lakh, the live auction on Thursday garnered Rs 51.41 crore more.

These assets, seized by the ED, were put on auction in an attempt to recover a part of the dues Modi owes to various banks.

According to officials from Saffronart, the ED would get Rs 53.45 crore from the proceeds of these two auctions.

The lots that went under the hammer included legendary painter MF Hussain's painting of 'Battle of Ganga and Jamuna- Mahabharata 12' which went for a record 12 crore, the highest price received so far for the painter's work.

Amrita Sher-Gil's rare 1935 painting 'Boys with Lemons', which was auctioned for the first time, sold for Rs 15.7 crore ($2.24 million).

V S Gaitonde's tranquil 1972 painting was sold for Rs 9.52 crore while Manjit Bawa's Untitled 1992 sold for Rs 6.16 crore. Modi's Rolls Royce Ghost witnessed a high demand, selling for twice its estimate at Rs 1.68 crore ($240,000).

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News Network
February 3,2020

Indore, Feb 3: Senior Congress leader Digvijaya Singh on Sunday attacked the Centre for conferring the Padma Shri on Pakistan-origin singer Adnan Sami, who became an Indian citizen in 2016.

Addressing "Save the Constitution, Save the Country" rally here in Madhya Pradesh, Singh said Sami's father had "pounded India with bombs" when he was serving with the Pakistani Air Force (PAF).

"Since Sami is an artist who has come from Pakistan, I had recommended his case to the Indian government for citizenship. He has got Indian citizenship under the Modi government," the Congress leader said, adding that he never made any recommendation to the government for conferring Padma Shri on Sami.

He said Sami's father had "dropped bombs against us" while flying a Pakistan Air Force combat plane.

"In contrast, Indian Army officer Sanaullah of Assam, who had fought against the enemy, was sent to a detention camp for failing to show documents (during the Assam NRC exercise). This is the citizenship law of the Modi government," he said.

Sami, born in London to a Pakistani Air force veteran, applied for Indian citizenship in 2015 and became a citizen of the country in January 2016.

He was one of the 118 people chosen for the Padma Shri awards by the Centre last month.

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Indian Citizen
 - 
Monday, 3 Feb 2020

 

Nowadays, Modi is uttering Pakistan even in his dream, while putting the India & Indians on the fence.

BSF Officer Sanaullah was deprived of his basic rights and put in the detention center while Adnan Sami was granted citizenship and conferred with prestigious "Padma Shri" Award. Really, Modi & Amit Shah duos doesn't know what they are doing in India.....what a bizzare!!!

 

Indian Citizen
 - 
Monday, 3 Feb 2020

Nowadays, Modi is uttering Pakistan even in his dream, while putting the India & Indians on the fence.

BSF Officer Sanaullah was deprived of his basic rights and put in the detention center while Adnan Sami was granted citizenship and conferred with prestigious "Padma Shri" Award. Really, Modi & Amit Shah duos doesn't know what they are doing in India.....what a bizzare!!!

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News Network
June 13,2020

New Delhi, June 13: A quarantine notice pasted outside former Prime Minister Manmohan Singh’s 3, Motilal Nehru Place residence has raised speculations among media and political circles.

According to reports, the daughter of a domestic help who works at Singh’s residence has tested positive. She and her family, who live in the servant quarters, have been quarantined.

Singh, who has not been keeping well for some time, is slowly getting active. Congress leaders said the former Prime Minister attended a meeting of the party’s consultative committee on Thursday through video conference.

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