LATECITY, 18 PAGES, AHMEDABAD, `4.00 ● WEDNESDAY, JUNE 27, 2018 ● WWW.INDIANEXPRESS.COM TheIndian EXPRESS DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA APPEAL IN KARNATAKA HIGH COURT Mallya’s plea: Let my firms sell assets worth Rs 13,900 crore, repay banks If he wanted to repay, he had years to do so: MoS Akbar KHUSHBOO NARAYAN MUMBAI, JUNE 26 DAYS AFTER the Enforcement Directorate moved a special court to declare him a fugitive economic offender, Vijay Mallya, the promoter of the now grounded Kingfisher Airlines Ltd, Tuesday said that he had requested the Karnataka High Court on June 22 to allow his firms to sell assets worth ‘Made poster boy of bank default’ Rs 13,900 crore “under judicial supervision” and “repay creditors including the public sector banks” that have declared him a wilful defaulter. According to government DISSENSION IN CONG OVER APPOINTMENTS Woman beggar lynched over child-lifting rumour in city ● ABVP activists data as on May 15, Kingfisher Airlines owes Rs 9,990 crore to a consortium of 17 public sector banks. Mallya’s offer to repay state-owned banks and creditors comes three days after the Enforcement Directorate (ED) filed an application before a special court in Mumbai seeking to declare him a ‘fugitive economic offender’ and immediately confiscate his assets worth Rs 12,500 crore under the CONTINUED ON PAGE 2 Choksi diverted Rs 4,000 cr to Gitanjali subsidiaries: Probe KHUSHBOO NARAYAN MUMBAI, JUNE 26 GITANJALI GEMS owner Mehul Choksi allegedly diverted about Rs 4,000 crore of the Rs 6,000 crore from outstanding letters of undertaking (LoUs) and foreign letters of credit (FLCs) issued by Punjab National Bank (PNB) to his flagship firm’s subsidiaries, other companies linked to him abroad and to buy a villa in the UAE, sources told The Indian Express. The companies that benefitted, sources said, included a US firm owned by Nehal Modi, Choksi’s nephew and the brother of PNB scam co-accused Nirav Modi. According to sources, the Enforcement Directorate found CONTINUED ON PAGE 2 EXPRESS NEWS SERVICE 3 GUJARAT assault professor, blacken his face, PAGE 5 Amarnath Yatra begins today: Pilgrims ready, ‘a little worried’ Amarnath cave AHMEDABAD, JUNE 26 TRACKING THE A 40-YEAR-OLD woman beggar was lynched by a mob on the suspicion of being a child lifter in Vadaj area of Ahmedabad on Tuesday afternoon. The victim, identified as Shanta Devi, a resident of Sumerpur taluka in Rajasthan's Pali district, was accompanied by three more women in an autorickshaw when a mob of 40 to 50 people chased the vehicle and attacked them, said police. The three other women were also injured in the attack and have been admitted to Ahmedabad Civil Hospital. The lynching is said to have been triggered by a rumour of “child lifters in the area” that has CONTINUED ON PAGE 2 YATRA JOURNALISM OF COURAGE Jharkhand: Six police personnel killed in Maoist landmine blast PRASHANT PANDEY RANCHI, JUNE 26 SIX PERSONNEL of the Jharkhand Jaguar Force, a special unit of the state police department, were killed in a landmine blast carried out by Maoists on the border of Latehar and Garhwa districts on Tuesday. Deputy Inspector General (DIG) of Police Vipul Shukla said the police had information that some Maoists were present in Chinjo area of Garhwa district. He said when the security personnel reached the area in the evening, the Maoists triggered a landmine blast and opened fire, killing six personnel. Some security personnel were also injured in the incident. Shukla said an encounter was going on and additional security personnel were being rushed to the area. The incident is reported to have occurred in the Budha Pahar area, located on the Jharkhand-Chhattisgarh border. This is the first big attack by Maoists in Jharkhand after January 27, 2016, when seven police personnel were killed in Palamu district. — WITH PTI ● JAMMU BUSINESS AS USUAL ANAND MOHAN J BY UNNY JAMMU, JUNE 26 HEERA LAL Singh’s family in Dhanbad had asked him not to go on the Amarnath Yatra this year. There were heated discussions within the family over the tension around this year’s Amarnath Yatra, but in the end, Singh convinced his family and made it to the Bhagwati Nagar base camp in Jammu on Monday. He was ahead of schedule. “I Pilgrims at the base camp in Jammu, Tuesday. Praveen Khanna have undertaken five Amarnath Yatra trips. But this year’s trip will be a challenge for me,” Singh (61) says. “I guess I am the first person to arrive. I hope others will make it on time,” he says. A day before the first batch of Amarnath Yatra pilgrims leaves, the streets Tuesday are largely CONTINUED ON PAGE 2 Economy in a bright spot, India growth engine of world: PM EXPRESS NEWS SERVICE MUMBAI, JUNE 26 PRIME MINISTER Narendra Modi on Tuesday said that his government is committed to the path of fiscal consolidation and the economy is in a “bright spot” with strong macroeconomic fundamentals like lower inflation, foreign exchange reserves of over $ 400 billion and robust foreign direct investment flows. Stating that a “new India” is rising, Modi said, “India’s economic resurgence closely mirrors that of many other parts of Asia and has become the main growth engine of the world now.” Addressing the third annual meeting of the Asian Infrastructure Investment Bank (AIIB) here, Modi said the government’s debt as percentage of GDP is consistently declining Narendra Modi in Mumbai on Tuesday. Nirmal Harindran and India has achieved a rating upgrade after a long wait. The government had said in the Union Budget in February that the fiscal deficit will overshoot to 3.5 per cent from the earlier estimate of 3.2 per cent in the fiscal ended March 31, 2018. The fiscal deficit target has been fixed at 3.3 per cent for 2018-19, against the Fiscal Responsibility and Budget Management Act target of 3 per cent. 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.