TheIndian EXPRESS LATE CITY, 24 PAGES, MUMBAI, `5.00 ● TUESDAY, JUNE 26, 2018 ● WWW.INDIANEXPRESS.COM ● REG.NO. MCS/067/2018 - 20 RNI REGN. NO. 1543/57 DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE No doubt, Ram temple will be built in Ayodhya, says Adityanath ‘CONFLICT OF INTEREST’ Sebi all set for adjudication process against ICICI Bank, CEO MAULSHREE SETH LUCKNOW, JUNE 25 Regulator holds preliminary probe, waits for replies from bank, Kochhar ENS & PTI NEW DELHI, JUNE 25 A PRELIMINARY examinationby regulator Sebi has favoured adjudication proceedings against ICICI Bank and its CEO Chanda Kochhar for alleged violation of disclosure norms regarding “conflictof interest”in thebusinessdealingsof herhusband with the Videocon group, a PTI report said. ICICIBankmayfaceapenalty of up to Rs 25 crore under Sebi regulationsforsuchlapses,while the fine for Kochhar may go up to Rs1 crore, besidesother penal actions, the news agencyquoted a senior official as saying. Theadjudicationprocesswill formally convene soon, after takingintoaccounttherepliesto the showcause notices issued by Sebi to ICICI Bank, Kochhar and others in this matter, the report said. According to an ICICI Bank spokesperson, the bank and its MD received a showcause notice seeking a response as to why an inquiryshouldnotbeheldagainst them under the Securities Contracts (Regulation) Rules. “Documents relied upon under the notice have been received today. Appropriate response to the showcause notice after seekinglegaladvicewouldbesubmitted within the timeline provided,”thespokespersontoldPTI. On March 29, The Indian Express first reported that Videocon promoter Venugopal Dhoot provided a loan of Rs 64 crore to NuPower Renewables 12 THEEDITORIAL PAGE TANGLE OF TRANSACTIONS ICICIBank-Videocon-DeepakKochhar Pvt Ltd (NRPL), a firm he had set up with Chanda Kochhar’s husband and two relatives six monthsafter the business group got Rs 3,250 crore as loan from ICICI Bank in 2012. Dhoot transferred proprietorship of the company to a trust owned by Deepak Kochhar for Rs 9 lakh, six months after he received the loan from ICICI Bank.TheVideoconaccountwas declared an NPA or a bad loan in 2017. Questions of propriety and conflict of interest involving Chanda Kochhar and Videocon are now the subject of an “independent” probe announced by the ICICI Bank. Last Monday, the bank said she will be on leave until the probe is completed. On Thursday, The Indian Express reported that the income tax department is probing the acquisition of the current family residence of Chanda Kochhar in South Mumbai by her husband Deepak Kochhar in a complex transaction involving firms linked to Videocon Group. PTI ADDS: According to sources, Sebi’s preliminary CONTINUEDONPAGE2 Choreography of BJP-PDP split BY KAPIL SIBAL Fourteen vehicles were buried under debris as a wall collapsed near a construction site in Wadala, Mumbai . Ganesh Shirsekar Traffic crawls, IMD predicts heavy to very heavy rain in next 24 to 48 hours EXPRESS NEWS SERVICE MUMBAI, JUNE 25 HEAVY RAINFALL since Sunday night claimed 10 lives in Mumbai, Navi Mumbai and Thane. Water-logging in several places disrupted both road and railtrafficasthecityrecordedthe season's highest rainfall. The Santacruz observatory recorded rainfall of 231.4mm in 24 hours on Monday morning. This is the first time that the city recordedrainfallinexcessof 200 mm this year. The highest rainfall was recorded at the automatic weather station at Malad at 317.6 mm in the 24 hours until Monday morning. According to the IMD, this is the second highest rainfall recorded in the month of June in the last decade after283.4mmrecordedonJune 19, 2015. MILIND GHATWAI BUSINESS AS USUAL BY UNNY On Monday, while a youth died after he allegedly fell in an open manhole at Malad in Mumbai, the body of an eightyear-old boy was found at a nullah in Kalwa, Thane. Also, a fiveyear-old boy allegedly died after CONTINUEDONPAGE2 INSIDE ● 5 KERALA PRIESTS ‘BLACKMAIL, SEXUALLY ABUSE' WOMAN ● VHP RESOLUTION WOMAN: ROHINGYA INTERNAL, EXTERNAL SECURITY THREAT BHOPAL, JUNE 25 Eight SIMI members were killed in October 2016. File commissionnoted,inits17-page report tabled in the MP Assembly Monday. Two videos purportedly of the encounter recorded on mobile phones had surfaced hours after the encounter in the intervening night between October 30 and 31, 2016, raising questions and causing a political storm. While the home minister and senior police officers main- Adityanath in Lucknow on Monday. Vishal Srivastav spoken so strongly in favour of the temple’s construction. His remarks came after Ram Vilas Vedanti, one of the participants and a member of the Ram JanmabhoomiNyas,declaredon the dais that they would start constructionof thetemplewithout waiting for a court order. Assuring the gathering that he was one of them, Adityanath said: “You have shown so much patience so far, you should show patience for some more time.” Warning of a conspiracy to create hurdles in the way of Season’s heaviest rain hits Mumbai, 10 killed in two days Seats vacant, Govt Encounter deaths of SIMI men inevitable, quite reasonable: report A JUDICIAL probe set up by the Madhya Pradesh government into the gunning down of eight SIMI members hours after they escapedfromtheBhopalCentral JailinOctober2016hasheldthat “theuseof forceresultingin(the) death of the escaped persons was quite inevitable and quite reasonable under the prevailing circumstances”. The eight SIMI members were lodged at the state’s most secure prison and were being tried for several cases including offences punishable with death or life imprisonment. They had escapedaftertyinguponeguard andslittingthethroatof another. They had then opened the lock of the cell with a key and scaled the outer jail wall using a ladder made of bedsheets and wooden pieces, the one-man judicial RAISING THE heat on the Ayodhya issue ahead of the 2019 Lok Sabha elections, Uttar Pradesh Chief Minister Yogi Adityanath said Monday that “there should be no doubt” that a temple will be built at the disputed Ram Janmabhoomi-Babri Masjid site. Addressing a “Sant Sammelan” in Ayodhya, Adityanath said: “Maryada PurushotamRamissbrahmandke swami hain. Swabhavik roop se Ayodhya mein jab prabhu Ram ki kripahogitohAyodhyameinbhagwanRamkabhavyamandirbanke hirahega...ismeinkoisandehhona hi nahin chahiye (Lord Ram is the master of this universe. It is obvious that when Ayodhya has his blessings,theRamtemplewould bebuiltinAyodhya...thereshould be no doubt about this).” This is the first time in the recent past that Adityanath has tained that the encounter was genuine, Opposition parties had alleged that the suspects were neutralisedwithoutgivingthem a chance to surrender or take them alive. Retired High Court judge Justice S K Pande was asked by the governmentonNovember 7, 2016, to probe the jailbreak and the subsequent encounter to CONTINUEDONPAGE2 16 WORLD CHINABLOCKS HBOSITEOVER XIJINPINGJOKES DECISIVE WIN EXPANDS ERDOGAN’S POWER IN TURKEY Cars buried, residents moved after highrise wall caves in RASHMI RAJPUT MUMBAI, JUNE 25 WHENPOOJASinghdevwastold her car was destroyed early Monday morning, she thought a treebranchbroughtdownbythe torrential rain in Mumbai had caused some dents. She rushed downherapartmentcomplexto see the damage, only to find that her car and the driveway it was on, were in a 60-foot pit. “The boundary wall had caved in, my car had been washed down, and was now stuck in a muck-filled pit at an adjoining under-construction building,” she said. And Pooja was not the only residentattheLloyd’sEstateresidentialtowerinMumbaitobear the brunt of Mumbai’s unplanned and poorly regulated real estate growth Monday morning. As the city recorded the season’s highest rainfall, 14 cars slid and crashed into a 60foot pit at 4 am after a portion of this plush Central Mumbai apartment’scompoundwallcollapsed into an adjoining plot of land being developed by Dosti Realty. Residents say they have taken Dosti Realty to court over theconstructionpit,allegingthat the pit had weakened the foundation of Lloyd’s Estate. Even as a structural audit of the building is underway, residents also said that their concerns were relayed to the Antop Hill Police the Brihanmumbai Municipal CONTINUEDONPAGE2 FULL COVERAGE PAGES 3, 5 CONTINUEDONPAGE2 tells IIT-Delhi to draft perspective plan RITIKA CHOPRA NEW DELHI, JUNE 25 WITH ALMOST half the seats in technical education falling vacant for the last few years, the union government has tasked the Indian Institute of Technology (IIT) in Delhi to prepare a national perspective plan to project the requirement for education programmes in engineering,managementandarchitecture, among others, over the next 10 to 15 years. A perspective plan maps the current situation of the industry and jobs and uses that to predict the demand for technical courses in future. The plan will help the All Indian Council for DEVALUED DEGREE Technical Education (AICTE) in deciding how many new institutes to approve and how many new seats to add in a year. Last year, AICTE had set up a committeeunderthechairmanship of Professor H P Khincha, former vice-chancellor of Vishveswarya Technological University, Belgaum, to draft a national perspective plan. Since CONTINUED ON PAGE 2 ED moves court for Nirav Modi’s extradition from UK, Hong Kong SADAF MODAK, RASHMI RAJPUT & DEEPTIMAN TIWARY MUMBAI, NEW DELHI, JUNE 25 WHILE THE Interpol is yet to issue a Red Corner Notice (RCN) against absconding jeweller Nirav Modi, the Enforcement Directorate (ED) moved a Mumbai special court on Monday, seeking his extradition from the UK and Hong Kong. Modi is currently reported to beinBelgium,whereheissaidto havefledfromtheUKonJune12. Confirming that an application was filed before the special court designated under the Preventionof MoneyLaundering Act(PMLA)onMondayafternoon, Special Public Prosecutor Hiten Venegaonkar, who represented theED,said:“Wehavesoughtpermission from the court to seek extradition of Nirav Modi, who is Interpol yet to issue Red Corner Notice anabscondingaccusedinthecase. The application seeks for him to be extradited from the UK.” A senior ED official, however, said the application also mentions Hong Kong. “Also, we have kept our application openended. On Tuesday, when it is heard in the court, we may add names of more countries,” he said. The ED has filed a prosecutioncomplaintagainstModiand a non-bailable warrant has also been issued against him. The agency had sent a request for an RCN against Modi, but the Interpol is yet to issue this. CONTINUED ON PAGE 2 Probe: Winsome owner exploited holes in law to use Indian passport RAHUL TRIPATHI NEW DELHI, JUNE 25 INVESTIGATORS PROBING how PNB scam-accused Nirav Modi may have travelled multiple times on a revoked passport can take a cue from the findings of the Union Home Ministry in a report on how another fraudaccused diamantaire exploited loopholes in passport rules after fleeingthecountryfiveyearsago. Officials probing the dual citizenshipcaseof WinsomeGroup ownerJatinMehta,whoisnowa citizen of Saint Kitts & Nevis and is wantedbyIndianagenciesina Rs 6,800-crore bank fraud case, have found that one key gap he exploited was specified in a government circular issued in 2009. “A grace period of three months is allowed from the date of acquisition of foreign citizenship, for the purpose of travel on Indian passport. Therefore, no penalty will be leviable for travel on Indian passport within three months of acquisition of foreign passport,” stated the circular issued by Consular, Passport and Visa (CPV) division of Ministry of External Affairs on March 24, 2009. Officials linked to the CONTINUEDONPAGE2 ● PAGE ONE ANCHOR 10 DAYS ON, POLITICS ENTERS FIELD WITH EGYPTIAN STAR & CHECHEN STRONGMAN RORY SMITH, JAMES MONTAGUE & TARIQ PANJA MOSCOW, JUNE 25 THEWORLDCupwasthrustinto the combustible mix of politics and football — dangerous ground that it takes great pains to avoid — as a growing number of disciplinaryproceedingsanda star player’s threatened retirement brought several sensitive international flashpoints to the tournament’s doorstep over the weekend. The crises involved players forseveralteamsandtouchedon a range of topics: Kosovar independence, Serbian nationalism, a beloved Egyptian striker and a controversial Chechen leader. At least one of the disagreements could potentially force FIFA to issue suspensions in the middle of the tournament — possibly affecting which teams advance out of one of the tournament’s first-round groups. Early Sunday, FIFA announced that its disciplinary committee had opened three more proceedings related to Friday’stestySwitzerland-Serbia match — bringing the total from the game to six. Hours later, it emerged that one of the tourna- Egypt’s Mohamed Salah in action at the World Cup. Reuters ment’s most popular players, Egyptian striker Mohamed Salah, was considering retiring from his national team in the wake of his interactions with a Chechen politician. FIFA’s political problems began when Swiss players Granit XhakaandXherdanShaqiriboth made the so-called doubleeaglesymbolwiththeirhandsafterscoringina2-1victoryagainst Serbia.Thegesture,madebylinking the thumbs and fanning out thefingersonbothhands,isanationalistsignthatmanywithethnic Albanian roots make to symbolise the black eagle in Albania’s flag. Both Xhaka andShaqirihaverootsinKosovo, an ethnically Albanian province that fought a war of independence against Serb-dominated Yugoslavforcesinthe late1990s. To most of the world, the symbol holds no meaning. One Brazilian commentator thought theplayersweremakingapeace sign and applauded their attempts at Balkan reconciliation. In Serbia, however, the gesture was viewed as a provocation. Serbia’s football federation faced its own disciplinary proceeding, though, for a display of political messages by its fans during the game. Serbia had already been fined at this World Cup after its supporters displayed what FIFA said was the banner of a “Serbian paramilitarynationalistmovement”during its game against Costa Rica. Then,FIFAopenedthreenew inquiries: against Switzerland’s Stephan Lichtsteiner, who is not of Albanian descent, for making the double-eagle gesture, and against Serbia’s football federation president, Slavisa Kokeza, and its coach, Mladen Krstajic, for statements they were accused of making after the game. Then came word that Salah, Egypt’s biggest star, was considering retiring from the national team once the World Cup ended after he was drawn into a politicalcontroversyrelatedtohisfederation’s decision to live and train in Chechnya during the tournament. Salah has become one of the world’s highest-profile players over the past year, and he was the star attraction at Egypt’s training facility in Grozny, the capitalof theRussianprovinceof Chechnya. On the eve of the tournament, photos emerged of Salah alongside Ramzan A Kadyrov, the Chechen leader, at Egypt’s firsttraining session.Afterlearning that Salah was scheduled CONTINUEDONPAGE2
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