TheIndian EXPRESS LATE CITY, 20 PAGES, LUCKNOW `4.00 ● WEDNESDAY, FEBRUARY 21, 2018 ● WWW.INDIANEXPRESS.COM DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE Crisis in Delhi: Chief Secy alleges assault by AAP MLAs at midnight meeting, party files complaint against him EXPRESS NEWS SERVICE NEW DELHI, FEBRUARY 20 TRIGGERING A fresh crisis in the Aam Aadmi Party government in Delhi, Chief Secretary Anshu Prakash has alleged that he was assaulted by AAP MLAs at Chief Minister Arvind Kejriwal’s residence on Monday night, in the presence of the chief minister. Protestingagainstthealleged assault, staff members at the Delhi Secretariat reportedly heckled and assaulted Imran Hussain, Minister for Food and Delhi Chief Secretary Anshu Prakash. Tashi Tobgyal ANOTHER REPORT PAGE 12 Civil Supplies, Environment and Forest, and senior AAP leader Ashish Khetan in the afternoon. Meanwhile, countering the chief secretary’s charges, two AAP MLAs, Prakash Jarwal and Ajay Dutt, have alleged that he used casteist slurs against them. Prakash Jarwal, MLA from Deoli, waslaterdetainedinconnection with the alleged assault. Thelatestcontroversycomes amonthafter20AAPMLAswere disqualified by the Election Commission of India. In a complaint to the BUSINESS AS USUAL BY UNNY AAP said ration meeting but Food Minister absent ANIRUDDHA GHOSAL NEW DELHI, FEBRUARY 20 THE DELHI government has claimed that Chief Secretary AnshuPrakashwascalledtodiscuss “non-disbursal of rations” atfairpriceshops.ButDelhiFood and Civil Supplies Minister Imran Hussain was not present atthemeetingonMondaynight. CONTINUED ON PAGE 2 Confirming this, a government spokesperson said, “He (Hussain) wasn’t there for the meeting.Buthedidn’tneedtobe there. This issue has been going onforafewmonthsnowandthe minister is aware of the issues at hand. The entire matter has cleared different departments, but was stuck at the Chief Secretary’s office.” CONTINUED ON PAGE 2 NIRAV MODI AND MEHUL CHOKSI: PNB SCANDAL Glossed over: Auditors flagged loan default, forex violations Govt probing whether ‘sundry debtors’ route was used to mask financial position of flagship firm Gitanjali Gems SUSHANT SINGH & SUNNY VERMA Actor Tabu with The Indian Express Deputy Editor Seema Chishti at the Express Adda in New Delhi on Tuesday. Neeraj Priyadarshi 10 THE EDITORIAL PAGE Still Advantage I&B Ministry BY MRINAL PANDE IIM-Lucknow to stop support, IIM-Himachal sends out SOS RITIKA CHOPRA NEW DELHI, FEBRUARY 20 THE INDIAN Institute of Management (IIM)-Sirmaur (Himachal Pradesh) has asked the Centre to intervene and convinceIIM-Lucknowtoreverseits decision to withdraw academic support to the institute from the next academic session. In a letter to the HRD Ministry, IIM-Sirmaur director Neelu Rohmetra has urged the government to convince IIMLucknow to continue to lend its faculty to the institute. According to Rohmetra, IIMLucknowconveyeditsdecisionto stop sending its teachers to Sirmaur in January this year. “I have reported the matter to the ministry and requested them to takethisup(withIIM-Lucknow),” CONTINUED ON PAGE 2 Maldives Opp leader Nasheed gets the Delhi cold shoulder Claimed he briefed Sitharaman but official sources deny SUSHANT SINGH NEW DELHI, FEBRUARY 20 TOP SOURCES at the Ministry of Defence Tuesday said that former Maldivian president Mohamed Nasheed had not briefed Defence Minister Nirmala Sitharaman about the situation in his country when they met in Bengaluru last Sunday. The clarification came after Nasheed, who lives in exile in Colombo, tweeted a photograph of himseatedacrossSitharaman withacaption:“Pleasuretomeet and brief Indian Minister of ‘Defence Minister did not discuss situation in Maldives’ Defence Nirmala Sitharaman on the situation in the Maldives.” Ministry sources in New DelhitoldThe Indian Express that the meeting that Nasheed referred to was an “unscheduled, chance meeting in Bengaluru on thesidelinesof afunctionorganised by a well-known Chennaiheadquartered media house. Further, there was no discussion Coal India monopoly ends, mines are opened to private players ENS ECONOMIC BUREAU NEW DELHI, FEBRUARY 20 ENDING THE 41-year-old monopoly of state-owned Coal India Ltd, the Union Cabinet Tuesday announced its decision to open up the coal sector to commercial mining by private entities. This will allow power, cement and steel producers to source fuel more efficiently. The CIL, alongside another stated-owned company, is the only firm currently allowed to mine and sell coal. The rules, however, permit power, steel, cement and aluminium companies to produce for their own captive use. The opening up of the sector is expected to usher in competition in coal supply, reduce coal importsandhelpstressedpower plants to attempt a turnaround throughbetterfuelmanagement. CONTINUED ON PAGE 2 onthesituationintheMaldives.” “After addressing the function, the Defence Minister, editors and senior members of the media house were having a cup of tea in an adjoining room whenformerpresidentNasheed, also an invitee to the event, approached the minister. Only courtesies were exchanged after which the minister left for the airport to return to New Delhi. DefenceMinisterSitharamandid not discuss the situation in the Maldives with the former Maldivian leader,” sources said, adding that the “social media post by the former Maldivian president was uncalled for”. 15 WORLD NEPAL’S TWO COMMUNIST PARTIES MERGE EXPRESS NETWORK ● HADIYA FILES AFFIDAVIT IN SC, PAGE 6 ● PAGE ONE ANCHOR LANDMARK PUNE STUDY ON DIABETES BEGINS TESTING THE THIRD GENERATION Thin Indian babies ‘fatter’ than European babies, greater risk of diabetes: Data ANURADHA MASCARENHAS PUNE, FEBRUARY 20 AT 28 weeks of pregnancy, Surekha Patil (name changed) fromPabalvillageinShirurtehsil of Pune district knows she has to report to the Diabetes Research Centre at KEM hospital in Pune on Tuesday for a glucose tolerance test and a gynaecological evaluation. This is no routine check for Chittaranjan Yajnik, head of the Diabetes Research Centre at KEM Hospital. Sandip Daundkar 22-year-old Surekha. She has been monitored since birth as part of an ambitious Pune Maternal Nutrition Study that hasspannedthreegenerationsof participants in the last 25 years. Surekha is accompanied by her mother who is among the first generation of participants in the studythatwaslaunchedin1993. Research by Chittaranjan Yajnik, head of the Diabetes Research Centre at KEM hospital, showed that mothers with CONTINUED ON PAGE 2 Financials for Assessment Year 2017-18 SOLAR EXPORTS NEW DELHI, FEBRUARY 20 ACTOR , UNSCRIPTED STELLAR DIAMOND GITANJALI GEMS Ltd, the company at the centre of an alleged loan fraud executed in collusion with staffers of Punjab National Bank,didnotadheretorulespertaining to the Foreign Exchange Management Act (FEMA) and also defaulted on timely repayments of loans taken from Life Insurance Corporation of India, ICICI Bank and IDBI Bank, according to the Secretarial Audit Report and Independent Audit Report conducted on the company’saccountsfor2016-17. According to the government’s latest assessment of the PNBloanscandal,theinvestigating agencies are also probing “the genuineness of sundry debtor” — an indication that FINANCIAL FINANCIAL Loans Turnover Tradereceivables# PROFIT AMOUNT 1,713.9 2,654.9 2,665.1 7.26 Financials for Assessment Year 2016-17* Loans Turnover Tradereceivables# PROFIT (debtors) *Latest data was available for 2016-17 # AMOUNT 981.23 1,237.85 2,692.54 2.07 All figures in ` crore DIAMONDSRUS’UNSECUREDLOANS(IN`CRORE) ASSESSMENT YEAR 2017-18 Frombanks Fromothers Gitanjali Gems is suspected to have been using this ploy to route funds to related parties. For the year ending March 2017, Gitanjali Gems had a turnoverofRs10,464.76croreand 1741.04 456.65 sundry debtors of Rs 8,567.01 crore.Thegovernmentislearntto be probing the ‘sundry debtors’ route that is likely to have been usedtomaskthefinancialposition CONTINUED ON PAGE 2 Make an example of these people, says Jaitley AANCHAL MAGAZINE NEW DELHI, FEBRUARY 20 WITHOUT TAKING names but hinting at fraudulent dealings in the Punjab National Bank and questioning the role of auditors and the bank management in the Nirav Modi case, Finance Minister Arun Jaitley Tuesday said it is incumbent upon the state to “chase these people to thelastconclusion”tomakesure that the country is not cheated. Speaking for the first time afterthePNB-NiravModiscandal became public, Jaitley said additionalmechanismshavetobeput in place by supervisory agencies CONTINUED ON PAGE 2 Rs 111,738 cr: That’s what Firestar finance chief Vipul Ambani among five arrested 9,339 wilful defaulters owe, PSU banks hit most DEEPTIMAN TIWARY NEW DELHI, FEBRUARY 20 GEORGE MATHEW MUMBAI, FEBRUARY 20 INDIAN BANKS have reported wilful defaults of over Rs 111,738 crore involving 9,339 borrowers who have the capacity to pay up but refuse to repay loans. State-owned banks have reported wilful defaults of Rs 93,357 crore involving 7,564 borrowersasof September2017, according to data available with theCreditInformationBureauof IndiaLtd(CIBIL).Thisisa340per cent surge in less than five years as total wilful defaults were just Rs 25,410 crore in 2013. The RBI is yet to disclose the full list of defaulters. In 2017, the RBI had told the Supreme Court that it was not in favour of publishing the list of loan defaulters whoowemorethanRs500crore CONTINUED ON PAGE 2 MAKING THE first high-profile arrest after the Punjab National Bank complained about fraudulent transactions worth Rs 11,400 crore, the CBI Tuesday arrested Vipul Ambani, President (Finance) of Firestar International, the flagship company of diamantaire Nirav Modi, and two of Ambani’s colleagues. The agency also arrested two executives of companies owned by Nirav Modi’s uncle Mehul Choksi. Other than Ambani, a nephew of the late Dhirubhai Ambani, those arrested by the CBI have been identified as Kavita Mankikar, executive assistant and authorised signatory of Nirav Modi’s three firms which are being probed; Arjun Patil, senior executive with Firestar; Kapil Khandelwal, CFO of Choksi’s Nakshatra and CONTINUED ON PAGE 2 FULL COVERAGE PAGES 12, 13
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