11400 Crore Fraud

RNI NO.: DELENG/2005/15351 millenniumpost.in REGD. NO.: DL(S)-01/3420/2018-20 PUBLISHED FROM DELHI & KOLKATA VOL. 13, ISSUE 46 | Thursday, 15 February 2018 | New Delhi | Pages 16 | Rs 3.00 NO HALF TRUTHS qNIFTY 10,500.90 (-38.85) qSENSEX 34,155.95 (-144.52) pDOW JONES 24,674.76 (+34.31) pNASDAQ 6086.05 (+72.54) pRUPEE/DOLLAR 64.09 (+0.23) qRUPEE/EURO 79.54 (-0.20) nGOLD/10GM 31,300 (0.00) nSILVER/K 39,250 (0.00) WE FACED 'INDIAN ARMY GRAFT-CLOUDED EVEN COLLEGE HURDLES, BUT DOES NOT ISRAELI PM PRINCIPAL WAITING FOUGHT AT EVERY COMMUNALISE' NETANYAHU REFUSES TO SEE PRIYA PRAKASH STEP: CM PG3 PG7 TO QUIT PG10 VARRIER PG16 PM to address global IT CBI PROBING BILLIONAIRE DIAMANTAIRE NIRAV MODI event on February 19 Pak-backed militants to MPOST BUREAU PNB files complaint with CBI sustain India attacks: US NEW DELHI: Prime WASHINGTON: Pakistan- Minister Narendra supported terrorist groups Modi will deliver the would continue to carry out inaugural address at alleging `11,400 crore fraud attacks inside India, America's the World Congress intelligence chief has warned, on Information Tech- amid a spike in terror attacks nology 2018 (WCIT), OUR CORRESPONDENT in Jammu and Kashmir. beginning here from Highlights Director of National Intel- February 19. NEW DELHI: State-owned Pun- ligence Dan Coats' remarks Telangana Principal Secretary for IT and jab National Bank on Wednesday » The CBI has received two came days after a group of Paki- Industries Jayesh Ranjan has confirmed that said it had detected a USD 1.77 bil- complaints from PNB over stan-based Jaish-e-Mohammad Modi will be delivering the inaugural address lion (about Rs 11,400 crore) scam fraudulent transactions terrorists struck the Sunjuwan through a video link, being organised by the where billionaire-jeweller Nirav Military Camp in Jammu on software industry lobby Nasscom along with Modi allegedly acquired fraudu- » The finance ministry has Saturday, killing seven people state government. lent letters of undertaking from asked all banks to send including six soldiers. Dan Coats This is for the first time that the WICT is a branch in Mumbai to secure reports involving this case On February 12, a gunfight being held in the country. overseas credit from other Indian broke out between security tion of its eroding position rel- The WCIT's official page on the Nasscom lenders. » PNB has suspended ten forces and militants, who took ative to India, reinforced by website also indicates that Sri Lankan Prime PNB has suspended ten officers officers shelter in a building in Karan endemic economic weakness Minister Ranil Wickramasinghe, Union IT Min- and referred the matter to CBI for Nagar area of Srinagar after and domestic security issues, ister Ravi Shankar Prasad, state Chief Minister investigation. » Three other jewellers their attempt to strike a CRPF almost certainly will exacer- K Chandrasekhar Rao and Sophia the human- Financial Services Secretary under the scanner camp was foiled. bate long-held fears of isolation oid are expected to speak at the three-day event. Rajiv Kumar said this seems to be Pakistan, in fact, will con- and drive Islamabad's pursuit Other key speakers include Navdeep Bains, an isolated case and is not going to » Shares of PNB take a hit tinue to threaten US interests by of actions that run counter to a Canadian minister, Hans-Paul Bürkner, BCG impact other lenders. "The finance deploying new nuclear weap- US goals for the region. chairman, and chief national coach of the bad- ministry has taken proactive steps ons capabilities, maintaining "Ongoing Pakistani military minton team Pullela Gopichand, Adobe chief by asking the lender to report the Ginni and Nakshatra, are under the who was posted at PNB's foreign probe as the agency is looking at its ties to militants, restricting operations against the Taliban Shantanu Narayen, actress Deepika Padukone matter to CBI and Enforcement scanner with CBI and ED looking exchange department in Mumbai suitable legal action to be taken counterterrorism cooperation, and associated groups proba- and Sadhguru of Isha Foundation, as per the Directorate (ED) so that action can at their arrangements with vari- since March 31, 2010. in the case. and drawing closer to China, bly reflect the desire to appear information available on the website. be taken quickly," he said. ous banks and end use of money, PNB said in a statement that The CBI is already investigat- Coats said in his testimony more proactive and responsive While PNB did not name the a senior official of a public sector fraudulent transactions took place ing him for alleged cheating and before the Senate Select Com- to our requests for more actions Shooting outside top US spy HQ other lenders, Union Bank of India, bank said. in one of its branches in Mum- fraud involving Rs 280 crore at a mittee on Intelligence. against these groups." Allahabad Bank and Axis Bank are No immediate comments were bai for the benefit of a few select PNB branch. "Militant groups supported However, actions taken thus WASHINGTON: A shooting erupted on said to have offered credit based available from these companies. account holders with their appar- Concerned over fraud of over by Islamabad will continue to far "do not reflect a significant Wednesday outside the headquarters of the on letters of undertaking (LOUs) Last week, PNB had lodged an ent connivance. Rs 11,300 crore at Punjab National take advantage of their safe escalation of pressure against National Security Agency, a secretive intelligence issued by PNB. FIR with CBI stating that fraud- The CBI has received two com- Bank (PNB), the finance ministry haven in Pakistan to plan and these groups and are unlikely organisation responsible for global US electronic An LOU is a letter of comfort ulent LoUs worth Rs 280.7 crore plaints from the PNB against bil- has asked all banks to send reports conduct attacks in India and to have a lasting effect." eavesdropping in the suburbs of Washington, the issued by one bank to branches of were first issued on January 16. At lionaire diamantaire Nirav Modi involving this case or other such Afghanistan, including against Without specifically refer- White House confirmed. other banks, based on which for- the time, PNB had said it was dig- and a jewellery company alleging incidents latest by the end of this US interests," Coats said dur- ring to any terrorist incident NBC News aired aerial images of what eign branches offer credit to buyers. ging into records to examine the fraudulent transactions. week. ing the hearing on 'Worldwide by Pakistan-based groups, appeared to be police surrounding a man on Foreign bank branches too are magnitude of the fraud. Modi, whose jewellery cre- Shares of Punjab National Bank Threat Assessment' of the US Coats told the lawmakers that the ground in handcuffs outside the NSA facil- under investigation. Among those suspended is a ations are popular among global on Wednesday took a hit slumping intelligence community. he expects tension between the ity in Fort Meade, Maryland. AGENCIES Three other jewellers, Gitanjali, deputy manager, Gokulnath Shetty, celebrities, may face a fresh CBI 8 percent. More reports on P12 He said Pakistan's percep- two Asian neighbours. PTI LINKED TO BATLA HOUSE ENCOUNTER Nobody has ever Use technology to track Main accused provided the reasons. Nobody in Dalit law Suspected IM terrorist arrested is saying what I have done missing children: SC student's ABHAY SINGH in which two Indian Mujahi- JACOB ZUMA deen terrorists were killed and lynching held NEW DELHI: The Delhi as many arrested. Police have arrested a sus- Encounter specialist and MPOST BUREAU pected Indian Mujahideen Inspector Mohan Chand In today’s terrorist who had been on Sharma, who led the police the run since the 2008 Batla action, was also killed during paper ALLAHABAD: The House encounter, a senior the operation. main accused in the officer said on Wednesday. A trial court here in July ... killing of a Dalit stu- The Delhi Police's Special 2013 had sentenced Indian CITY dent of Allahabad Uni- Cell arrested Ariz Khan. Mujahideen (IM) terror- versity was arrested on Khan was present at Batla ist Shahzad Ahmed to life WANTED CRIMINAL NABBED IN GZB 4 Wednesday, police said. House, along with four oth- imprisonment in connec- Vijay Shankar ers, and had managed to give tion with the case. His appeal NATION MPOST BUREAU erhouse would be in jeopardy and would Singh, a travelling ticket police the slip during the against the trial court's verdict Delhi Police Special Cell arrested a suspected Indian Mujahideen SACKED BY AIMPLB, CLERIC CRIES 6 remain only on paper," the bench said. examiner, was arrested encounter on September 19, has been pending in the high NEW DELHI: India's status as a tech- It said the data regarding children from the Sultanpur bus 2008, in Delhi's Jamia Nagar, court. P4 terrorist Ariz Khan PIC/NAVEEN SHARMA EDIT nological powerhouse in the world could be easily collected by using com- stand around 7 am, would remain on paper if the state does puters and the internet. Senior Superintendent LOVE IS IN THE AIR MITIGATING THE OIL HURRICANE 8 not take advantage of its resources to "This would be of great assistance in of Police Akaash Kul- INTERNATIONAL benefit the children or track the miss- planning and management of resources hari said. ing ones, the Supreme Court has said. and MWCD (Ministry of Women and Dileep (26), a sec- SINGAPORE JAILS PIO 10 The apex court, while stressing the Child Development) and others con- ond-year LLB stu- need for the use of technology in Juve- cerned with child rights must take full dent, was thrashed by a BUSINESS nile Justice Boards (JJB) and Child Wel- advantage of this," the bench said.

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