Daily Archive: February 14, 2018

Delhi Police constable killed in road accident

New Delhi, Feb 14  A Delhi Police constable was killed after his motorcycle was hit by a truck in the Model Town area here, police said today.

The constable Vinod Malik (55) was deployed with the first Battalion of the Delhi Armed Police and was returning home when his bike was hit by a truck late last night, said a police officer.

Malik was rushed to a hospital where he was declared dead, said the officer.

The accident took place on the road between Azadpur and Kingsway Camp in Model Town area of north west Delhi. The truck driver managed to escape from the spot after the accident, police said.

Source: PTI

Actress Mallika Sherawat reaches out to Sushma Swaraj for help

Mumbai: Actress Mallika Sherawat has reached out to External Affairs Minister Sushma Swaraj, urging her to help in facilitation of an Indian visa for a co-founder of the NGO Free-A-Girl.

Mallika has made the request for Evelien Holsken, co-founder of the NGO, as her visa application has been repeatedly rejected.

The actress works closely with Free-A-Girl India, which fights against human trafficking and commercial sexual exploitation of children in India.

“Ma’am Sushma Swaraj, co-founder of Dutch NGO Free-A-Girl has been repeatedly denied visa to India. This NGO is doing superb work for trafficked children and women. Please help!” Mallika tweeted on Monday.

Punjab National Bank Says $1.8 Billion Fraud, A Nirav Modi Link: 10 Facts


Punjab National bank, India’s second-largest government bank, reported today that $1.8 billion or over Rs 11,000 crore of taxpayers’ money had been illegally transferred abroad to select customers from a single branch in Mumbai. The revelation will affect the banking industry with the Finance Ministry asking all banks to investigate their books for similar cases and report to it by the end of the week. Not long after the news surfaced this morning, sources in the CBI were quoted by the Press Trust of India as saying that the agency had received two complaints against celebrity jeweller Nirav Modi, alleging fraud worth Rs 10,000 crore.

Here is a 10-point guide to the massive story:

  1. Punjab National Bank said in a regulatory filing to the stock exchange that it had detected "fraudulent and unauthorised" transactions amounting to around Rs 11,360 crore at a branch in Mumbai. The illegal transactions benefited "a few select account holders with their apparent connivance" and based on these, "other banks appear to have advanced money to these customers abroad".
  2. The CBI received the bank’s complaints against Nirav Modi late last night, sources told the Press Trust of India.
  3. Major jewellers Gitanjali, Ginni, and Nakshatra have also come under the scanner of various investigating agencies, said PTI, quoting an unnamed bank official.
  4. Nirav Modi, 48, is already being investigated by the CBI in connection with fraud worth Rs 280 crore. The diamond merchant was raided by income tax officials on January 31; his offices in Delhi, Surat and Jaipur were searched.
  5. CBI sources say Nirav Modi, his wife, brother and others worked with bank officials to illegally obtain Letters of Undertaking, which were cashed overseas from different banks, both private and public sector.
  6. The CBI was told that eight Letters of Understanding were issued to the billionaire jeweller, without being entered in the books, directly for Hong Kong-based banks.
  7. The alleged fraud was facilitated by senior bank officials since 2011, CBI sources said. The bank has suspended 10 employees but has not revealed names.
  8. The alleged swindle was revealed when Nirav Modi’s companies sought a fresh loan last month, the bank said. The officials who had helped them earlier had retired. When the bank insisted on guarantees to issue Letters of Understanding, the Modi companies allegedly said they had used the facility before. That’s when the bank started investigating.
  9. Nirav Modi is the founder of $2.3 billion Firestar Diamond and counts among his clients and brand ambassadors several world renowned celebrities. He has boutiques across three continents – in London, New York, Las Vegas, Hawai, Singapore, Beijing and Macau. In India, Mr Modi has his stores in Mumbai and Delhi.
  10. Last year, the state-owned Bank of Baroda was cheated of Rs 6,000 crore, or almost a billion dollars, by two businessmen.
  11. Source: NDTV

Avalanche warning for districts in J&K, HP, Uttarakhand

Chandigarh, Feb 14 The Chandigarh-based Snow and Avalanche Study Establishment (SASE) issued avalanche warnings for the second consecutive day today for some districts of Jammu and Kashmir, Himachal Pradesh and Uttarakhand.

The SASE said the warnings will remain valid for 24 hours starting at 5:00pm today.

An advisory by the agency said high-danger avalanche warning exists for avalanche-prone areas in Baramulla district of Jammu and Kashmir, while medium-danger avalanche warning exists for Kupwara and Bandipora districts in the state.

Source: PTI