LATE CITY, 20 PAGES, AHMEDABAD, `4.00 ● FRIDAY, APRIL 6, 2018 ● WWW.INDIANEXPRESS.COM TheIndian EXPRESS DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE First time, RBI officers examined by CBI EXPRESS NEWS SERVICE MUMBAI, APRIL 5 3 Express on March 29, Videocon promoter Venugopal Dhoot formed a joint venture with Deepak Kochhar, loaned him Rs 64 crore before he transferred ownership of the lending entity to him for just Rs 9 lakh. This transfer happened six months after the Videocon Group got a loan from ICICI Bank. Almost 86 per cent of that loan (Rs 2,810 crore) remains unpaid and the Videocon account was declared an NPA in 2017. Sources said that Rajiv Kochhar was about to board a THE CBI has examined four officials of the foreign exchange department of the RBI in connection with the alleged fraud of over Rs 13,000 crore at the Punjab National Bank involving diamantaire Nirav Modi and his uncle Mehul Choksi. The officials were also asked about the 80:20 scheme for jewellery imports. Sources said officials were asked about the fraudulent issuance of letters of undertaking by banks to Nirav Modi’s firms. “To process the loan, the bank has to attach an external commercial borrowing form. In the loans sanctioned to Modi and Choksi, these were not signed. Arrested accused Gokulnath Shetty (retired deputy manager of PNB at its Brady House branch) processed the loans. The RBI circular mandates that banks should maintain records of monthly or quarterly liabilities. Banks are required to intimate their circle office which, in turn, needs to inform the RBI, and the RBI has to reconcile the data. Officials of RBI were asked to explain the procedure, its role and how regularly were audits conducted at PNB,” an official said. A CBI official clarified that the 80:20 scheme was being probed only in connection with the affairs of Choksi and Modi. “There is no separate case or preliminary enquiry in this matter. No other company that may have benefited under the scheme is being probed at the moment,” the official said. Meanwhile, the Enforcement Directorate Thursday arrested Gokulnath Shetty on the charge CONTINUED ON PAGE 2 CONTINUED ON PAGE 2 GUJARAT ● Narmada-Patkar row: Cong backs Rajeev Satav ● Sohrabuddin encounter: CBI pressured me to lie, says key witness, P4 THE FIRST GOLD COAST Mirabai Chanu strikes gold with a CWG record in women's 48-kg weightlifting at Gold Coast on Thursday. AP REPORT, P 18 SINGAPORE-BOUND RAJIV KOCHHAR STOPPED AT MUMBAI AIRPORT Nepal Prime Minister K P Oli If China builds your dams, India won’t buy energy: PM to tell Oli JYOTI MALHOTRA NEW DELHI, APRIL 5 THE BATTLE for influence in the Nepal Himalayas between India and China is hotting up, with Prime Minister Narendra Modi expected to tell Nepal counterpart K P Oli that he can award as many dam projects as he likes to China, but India will not be able to buy the energy produced. Modi’s tough message to Kathmandu — Oli’s three-day visit starts Friday — will be couched in the niceties of diplomatic prose, but there will be no denying “India’s red lines,” a senior government official told The Indian Express. One particular dam project, the $2.5-billion Budhi Gandaki project, on a river by the same name in central-western Nepal, is increasingly becoming the centrepiece of this tug-of-war between Delhi and Beijing. This is because the Budhi Gandaki was awarded in June last year to China’s Gezhouba Group, weeks after former Nepal Prime Minister and Maoist leader Pushpa Kamal Dahal, or CONTINUED ON PAGE 2 CBI questions Chanda Kochhar’s brother-in-law in Videocon probe RASHMI RAJPUT & DEEPTIMAN TIWARY MUMBAI, APRIL 5 THE CENTRAL Bureau of Investigation (CBI) on Thursday questioned Rajiv Kochhar, brother-in-law of Chanda Kochhar, after he was stopped at the Chhatrapati Shivaji Maharaj International Airport (CSIA) in Mumbai while he was about to board a flight to Singapore. Kochhar was brought to the agency’s headquarters in Mumbai and examined until late BY UNNY Was on his way to Singapore TANGLE OF TRANSACTIONS ICICI Bank-Videocon-Deepak Kochhar Member of India 2011 World Cup winning team under scrutiny NIHAL KOSHIE CBI files FIR against Vadodara firm for defrauding 11 banks of Rs 2,654 crore Raids at four premises; firm got loans despite being on RBI’s defaulters’ list EXPRESS NEWS SERVICE AHMEDABAD, VADODARA, APRIL 5 THE ANTI-CORRUPTION bureau of CBI, Gandhinagar, has lodged an FIR against the promoters of Vadodara-based Diamond Power Infrastructure Limited (DPIL), including its founder Suresh N Bhatnagar and his two sons — Amit Bhatnagar and Sumit Bhatnagar — for allegedly defrauding a consortium of11 banks to the tune of Rs 2,654 crore. On Thursday, a team of the CBI conducted searches at four of Bhatnagar’s properties, including his residence at Sevasi, his office at Gorwa and the fac- 8 THE EDITORIAL PAGE Salman Khan was sent to Jodhpur Central Jail. Express Salman Khan gets five years in jail for killing blackbuck 20 yrs ago DEEP MUKHERJEE A JODHPUR court on Thursday sentenced actor Salman Khan to five years in jail for killing two blackbuck in Kankani village, near Jodhpur, in October 1998. The court of Chief Judicial Magistrate (Jodhpur Rural) Dev Kumar Khatri acquitted all the others accused in the case — actors SaifAli Khan, Tabu, Neelam and Sonali Bendre, and Dushyant Singh, a resident of the area. “After the court convicted Khan under Section 9/51 of the Wildlife (Protection) Act, he was sentenced to five years imprisonment along with a monetary 7 EXPLAINED Why dogs, not hunting, threaten blackbuck today fine of Rs 10,000,” said Mahipal Bishnoi, counsel for the Bishnoi community. “We had asked for maximum punishment available under the provisions of the Act, which is six years, but the court sentenced him to five years. From the beginning, our CONTINUED ON PAGE 2 12 WORLD SAUDI’S FIRST NEW CINEMA IN OVER 35 YRS TO OPEN SOON RUSSIA FAILS IN BID FOR JOINT PROBE INTO SPY POISONING IN ENGLAND SHOBHAPUR (MEERUT), APRIL 5 A screen grab of action in the Rajputana Premier League Sources said Rajasthan Police have found that the mastermind of the “organised cricket racket” who partly bankrolled the RPL has business links with the former international player who represented India in all three formats of the game. CONTINUED ON PAGE 2 AFTER THE Bharat Bandh on April 2, a purported list titled “Dalit vandals and arsonists from Shobhapur” began doing the rounds on social media in the village located on the Meerut bypass road. Among the 83 names on that list, the first was that of Gopi Pariya, 28, a BSP worker. Three days later, Gopi was dead, shot five times. Police have registered an FIR against four men based on a complaint from Gopi’s father, MANOJ CG & LIZ MATHEW AMID SPECULATION on whether the Congress and some other parties would bring an impeachment motion in Parliament against Chief Justice of India Dipak Misra, senior Congress leader and leader of the party in Lok Sabha Mallikarjun Kharge told The Indian Express on Thursday that the “issue is closed now”. `670 Bank of Baroda `348.99 ICICI Bank `279.46 Allahabad Bank `227.96 Axis Bank Others `255.32 `875 *Figures in crore tory at Samlaya. According to the FIR, which was filed on March 26, the DPIL engaged in manufacturing cables and other electrical equipment, “fraudulently availed CONTINUED ON PAGE 2 Behind BJP’s strength BY RAM MADHAV ARUN JANARDHANAN CHENNAI, APRIL 5 the Chief Justice of India. But the Congress went silent after initiating the move. While some Opposition parties, including the DMK and Trinamool Congress, had not signed the petition, there were indications that the Congress itself was divided. A senior Congress leader, who is part of the move, had told The Indian Express that the mood in the party was “60:40” — 60 in favour of moving the motion and 40 against. AN ESTIMATED one lakh people were arrested across Tamil Nadu and released Thursday evening at the end of a statewide bandh called by Opposition parties and trade unions to protest the Centre’s failure to constitute the Cauvery Management Board. Citing assembly elections in Karnataka and the fear that any announcement on Cauvery may “vitiate the election process and cause serious law and order problems”, the Centre this week asked the Supreme Court to extend by three months the deadline for implementation of its order on division of the Cauvery river waters between Karnataka, Tamil Nadu, Kerala and Puducherry. On April 9, the Supreme Court will hear the Tamil Nadu government’s petition seeking contempt action against the Centre. On Thursday, not many government buses operated in Chennai city and train services too were affected at several places including Chennai, Madurai and Salem. Trade unions heading autorickshaw CONTINUED ON PAGE 2 CONTINUED ON PAGE 2 Gopi Pariya, 28, was shot five times in Shobhapur Tarachand, a BSP leader. The FIR identified the accused as Shobhapur residents, Manoj Gujjar, Ashish Gujjar, Kapil Rana CONTINUED ON PAGE 2 Kharge (Cong) makes it official: No impeachment of CJI Misra NEW DELHI, APRIL 5 Bank of India students plan phone protests HAMZA KHAN A MEMBER of India’s 2011 World Cup-winning squad is being probed for possible links to a match-fixing syndicate that organised a domestic T20 tournament in Jaipur last July, The Indian Express has learnt. The tournament, Rajputana Premier League (RPL), had first come under BCCI’s AntiCorruption Security Unit (ACSU) last year and is being investigated by Rajasthan Police’s CID. The RPL involved club cricketers and was telecast live on Neo Sports, the former rights-holders of Indian cricket. DEFAULT AMOUNT Cauvery hots Marked & then killed: Dalit up TN: Stalin, youth in UP shot dead, was named No. 1 on list of ‘arsonists’ TTV to march, NEW DELHI, APRIL 5 JAIPUR, APRIL 5 BUSINESS AS USUAL evening. Sources said that he is likely to be called on Friday to join the investigation. Kochhar, along with his brother Deepak, are being probed by the central agency for the Rs 3,250-crore bank loan granted by ICICI to Videocon Group in 2012. The agency is probing the allegation of alleged ‘quid-pro-quo’ granted to Videocon by ICICI Bank whose CEO and MD is Chanda Kochhar. A preliminary enquiry (PE) into the case is already registered by the Delhi unit of the CBI. As first reported by The Indian The Bhatnagars’ residence in Vadodara that was raided by the CBI on Thursday. Express Cong leader in Lok Sabha Mallikarjun Kharge Over the last few days, Leader of the Opposition in Rajya Sabha, Ghulam Nabi Azad, had collected signatures from at least 60 MPs — from the Congress, Left, NCP, SP and BSP — to move an impeachment motion against ● PAGE ONE ANCHOR SAINA MAKES HER POINT: PULLOUT THREAT ABOUT RESPECT, NOT CASH Blames confusion over father’s accommodation on IOA’s lack of clarity EXPRESSAT CWG 2018 MIHIR VASAVDA GOLD COAST, APRIL 5 IT’S NOT about money, but respect. It’s not about her, but her parents. And it hurts. Under fire from fans for her threat to “not play any matches” if her father was not allowed inside the Commonwealth Games Village in Australia’s Gold Coast, ace shuttler Saina Nehwal has finally stepped out to clear the air. Speaking to The Indian Express, Saina said: “I had made the payment and booked tickets for my father. The federation or the IOA confirmed to me that it’s sorted out. When you tell me something, and when I am paying you the whole thing... but this is not about money, it is about respect. Imagine if your parent is there with you and made to look for a place to stay at midnight.” Her complaint against the Indian Olympic Association (IOA), she said, was their failure to inform her in advance that her father would not be allowed inside the Village. And, she said, her threat to pull out on the eve of the opening ceremony was an “emotional response” to the “lack of respect” shown to her. “If you want to say Saina is bad, then I am bad, for my parents,” she said. On Tuesday, the World No 12 wrote a letter to the IOA in which she said she would pull out if her Saina beat Sri Lanka’s Dilrukshi Beruwelage in the team event at the Commonwealth Games on Thursday. PTI father, Harvir Singh Nehwal, was not granted accreditation to enter the Village. The tussle was resolved that evening. On Thursday, Saina won her opening match easily, beating Sri Lanka’s Dilrukshi Beruwelage 21-8, 21-4 in India’s 5-0 rout in the team event. Later, she breezed past Pakistan’s Mahoor Shahzad 21-7, 21-11. Asked if a player of her stature should have threatened a pullout, Saina said she could not have waited any longer. “All this wouldn’t have happened if they (IOA) had sorted out the issue. There wouldn’t have been any controversy. My father’s name was cut after we reached here and the chef de mission had signed on the paper. I was patient and pleaded for two days. I lost my cool... how much longer would I wait? I’d made all the arrangements. I paid for his accreditation. Why make him struggle? Make me struggle... This is about respect,” she said. Saina said players should cover their parents’ expenses during international competitions but did not see anything wrong in them staying together inside the Athletes Village. “I think it’s not an issue at all. We should pay for our parents, which I totally agree. But I feel they have made us what we are. Our parents are the number one officials for us, then the others. I don’t even care who the other official is. They (parents) are the first ones who have been looking after you since childhood. I am nobody without them. They made me, so I am more than happy to fight for them. I have not done anything wrong. I have done what I had to do. I asked for what they (IOA) promised me. I didn’t do anything extra,” she said. Saina claimed that she paid the IOA Rs 74,780 on March 31 to cover the expenses of her father’s stay inside the Village after the CONTINUED ON PAGE 2
Indian Express Limited is an Indian news media publishing company. It publishes several widely circulated dailies, including The Indian Express and The Financial Express in English, the Loksatta in Marathi and the Jansatta in Hindi.