DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE JUSTICES M B SHAH AND ARIJIT PASAYAT Key agencies alerted on revelations, meeting soon: black money SIT head BANK OF NEW YORK MELLON Some under scanner, will probe fresh leads: ED chief In alert on shell firms, NY bank flags transfers to Adani from Seychelles NEW DELHI, SEPTEMBER 21 CONTINUED ON PAGE 2 BUSINESS AS USUAL BY UNNY ANEXPRESS INVESTIGATION PARTTWO KHUSHBOO NARAYAN MUMBAI, SEPTEMBER 21 KAPIL MISHRA DURING QUESTIONING: ‘DIDN’T GIVE SPEECH, TOLD POLICE ABOUT PLAN FOR DHARNA’ PAGE 3 RIOTS CONSPIRACY CHARGESHEET ‘Violence on mind after 2019 results... objective was to uproot elected govt’ “FROM THE day that the results of the 2019 Parliamentary elections were declared, the tone and tenor of the public utterances of the key conspirators of the present case has shown a clear streak of affinity towards violencewhichhadstartedplaying out in their minds.” This is how the Delhi Police Special Cell concludes its 2,695page “final report” in the chargesheetfiledagainst15peo- tances at $6.24 billion. The next year, another SAR filed by BNYM reported1,241freshtransactions worth $105 million carried out in January alone. Along with several other transactions for companies locatedinSwitzerland,HongKong andRussia,theSARshavedetails of transactions between Thionville Financier Ltd, an investment company with addresses in Mahe and Victoria in CONTINUED ON PAGE 2 US indictment memo: bribes for Andhra mining permit — and link to ex-Cong MP INSIDE NEW DELHI, SEPTEMBER 21 Singapore-based global arm of the Adani Group, crops up in a clutch of Suspicious Activity Reports (SARs) filed to FinCEN, the top US financial watchdog, that red-flag the subject of shell companies and their use in money laundering activities in the tax haven of Seychelles. These SARs, investigated by The Indian Express, form part of Bank of New York Mellon’s (BNYM) tracking of suspect transactions related to several JP MORGAN CHASE A FORMER Member of Parliament,abankinCyprus,aUS DepartmentofJusticeindictment andanautostart-upinGurugram figure in an investigative memorandumonaUkrainianbusinessman,preparedinAugust2017by the Financial Crimes Enforcement Network (FinCEN), the US regulatory agency for enforcing money laundering laws. JIGNASA SINHA & SOMYA LAKHANI ple under the stringent UAPA in a case of alleged conspiracy related to the February riots in Northeast Delhi. Thechargesheetincludesthe names of former AAP councillor Tahir Hussain, Pinjra Tod’s Devangana Kalita and Natasha Narwal, former DU student Gulfisha, Jamia Millia Islamia PhD student Meeran Haider and Jamia Coordination Committee media coordinator Safoora, among others. The final report, signed by DCP (Special Cell) P S Kushwah and ACP (Special Cell) Alok CONTINUED ON PAGE 2 Dmytro Firtash ECONOMY ON RADAR:INDIA TRANSACTIONS WITH DUBAI GOLD MAJOR PAGE 15 The memorandum on Dmytro Firtash and people allegedly linked to him, including former Kiev mayor Leonid Chernovetskyi and his son Stepan Chernovetskyi, was based on 40 suspicious activity reports (SARs) submitted by banks that included JP Morgan ChaseBank,StandardChartered, Deutsche Bank Trust Company AmericasandCitibank in theUS, records investigated by The Indian Express show. CONTINUED ON PAGE 2 IITs, IIMs, Central univs, Navodaya schools dip into pay for PM Cares SHYAMLAL YADAV NEW DELHI, SEPTEMBER 21 AFTERPUBLICsectorcompanies, a sweeping range of educational institutions, from Navodaya schools for rural students to IITs, IIMsandcentraluniversities,have together contributed Rs 21.81 crore to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) fund — mainly from staff salaries, RTI records accessed by The Indian Express show. The Prime Minister’s Office, whichmanagesthefund,hasdeclined to furnish details of contributions received, saying that PM CARES is “not a public authority under the ambit of...the RTI Act”. The fund was set up following the Covid outbreak, and had a corpus of Rs 3,076.62 crore on March 31, 2020, just four days within launch, of which Rs 3,075.85 crore were listed as “voluntary contributions”, according to its official website. CONTINUED ON PAGE 2 YOUR RIGHT TO KNOW E AN XPRESS RTI APPLICATION THE BIG PUSH 20 IITs ` 5.47 cr 10 IIMs ` 66.06 lakh 7 IISERs ` 45.79 lakh 11 Central ` 3.39 cr Universities 2 IIITs ` 8.15 lakh NCERT ` 35.22 lakh 9 NITs ` 1.01 cr AICTE ` 13.80 lakh UGC ` 7.41 lakh JIPMER, ` 65.88 lakh Puduchery IISc, Bengaluru ` 25.64 lakh (Note: Data from institutions/regulators that responded to RTI requests) ‘High debt, fiscal deficit... India can’t print its way out of the mess’ ENS ECONOMIC BUREAU NEW DELHI, SEPTEMBER 21 WHILE COUNTRIES like the United States have extended sizeablefiscalstimuluspackages during the Covid-19 pandemic, India’s standing as a developing country with high public debt andfiscaldeficitmakesitdifficult tofollowsuit,accordingtoRuchir Sharma, Head of Emerging Markets and Chief Global Strategist at Morgan Stanley Investment Management. Thecountrycannot“print”its way outof “this mess”, he saidat the Express e-Adda on Monday. SHARP DIVIDE OVER FARM BILLS Bid to assure: MSP up for six crops, BJP tells MPs to spread the word In LS, Minister Adani spokesperson says transactions of about $14.46 mn legitimate Tomar says govt committed to companies. RITU SARIN One lists “suspicious” transMSP, ‘clearing lie’ NEW DELHI, SEPTEMBER 21 actions to and from “shell-like” entities in Seychelles between spread by Oppn ADANI GOBAL PTE, the 2005 and 2014 with total remit- RITU SARIN THE HEAD of the Supreme Court-appointedSpecialInvestigation Team (SIT) on black moneysaidMondaythatthedisclosureson“suspicious”banking transactions revealed in the FinCEN Files, the ongoing investigation by The Indian Express in collaboration with the International Consortium of Investigative Journalists and BuzzFeed News, have been brought to the attention of the `6.00 (`8 PATNA & RAIPUR, `12 SRINAGAR) WWW.INDIANEXPRESS.COM SINCE 1932 To a question on the demand bymanyexpertsandeconomists tospendmore,Sharmasaid:“I’m much more sympathetic to the government'sstance,whichison the fiscal front, than to what the expertsaresaying,becauseIfind that,inIndia'scase—thisisaline that I borrowed from one of my favourite movies Top Gun — that our ego keeps writing checks which our body can’t cash.” Sharma was in conversation with Anant Goenka, Executive Director, The Indian Express, and P Vaidyanathan Iyer, Executive Editor for National Affairs. “We keep thinking we have lots of money and the US is do- Ruchir Sharma at the e-Adda session on Monday ing stimulus of X per cent and the UK doing a stimulus of Y, so why can’t we do a similar stimulus? And my point is this: that we are still a developing country,” he said. “Firstly, when you compare our external stimulus, compare it to other developing countries. More than that, we entered this crisis with one of the highest public debts and fiscal deficits in the world, especially in the emerging world. So, if you enter, and that’s your starting point, then how can you afford to spend much more?” he said, adding that the government has CONTINUED ON PAGE 2 LIZ MATHEW NEW DELHI, SEPTEMBER 21 IN THE face of intensifying protests against its contentious farmBillsaheadoftheBiharelections, the Government and the BJP have kickstarted a campaign tocounterOppositionclaimsthat the laws are “anti-farmer”. In the Lok Sabha Monday, Union Agriculture Minister Narendra Singh Tomar announced an increase in Minimum Support Price (MSP) for six rabi crops. He said the decision proves the Government is committed to retaining the MSP mechanism and “clearing the lie” spread by the Opposition. The decision was read out on the floor of the House and followed by a press conference by three Union Ministers, Ravi Shankar Prasad, Piyush Goyal and Pralhad Joshi. The MSP of wheat has been increased by Rs 50 per quintal, barley by Rs 75, gram (chana) by Rs 225, lentil (masur) by Rs 300, rapeseed & mustard by Rs 225, and safflower by Rs 112. “I want to tell farmers that when the Bills for agrarian reforms came, Congressmen CONTINUED ON PAGE 2 O’Brien, other MPs protesting at Parliament on Monday night 8 Oppn MPs suspended for ‘unruly behaviour’ in RS MANOJ C G & KRISHN KAUSHIK NEW DELHI, SEPTEMBER 21 THEFACE-OFFbetweenthegovernmentandtheOppositionover the passage of two key farm Bills in Rajya Sabha escalated on Monday with Chairman M Venkaiah Naidu suspending eightMPs“fortheremainingpart of the current session” on a motion brought in by the government citing “unruly behaviour”. The suspended MPs — Congress’s Rajeev Satav, Syed Naseer Hussain and Ripun Bora; Trinamool Congress’s Derek O’Brien and Dola Sen; AAP’s Sanjay Singh; and CPI(M)’s K K Rageshand ElamaramKareem– refused to leave the House, lead- ing to ruckus and multiple adjournments. After Rajya Sabha was adjourned for the day, the suspended MPs sat on a dharna in front of the Gandhi statue at Parliament, where they continuedto protestthrough thenight. Opposition MPs, from both Lok Sabha and Rajya Sabha, droppedinattheprotestsiteina show of support and solidarity. Some like Leader of Opposition in Rajya Sabha Ghulam Nabi Azad, DMK’s Tiruchi Siva and RJD’s Manoj Kumar Jha dropped in at night. While Siva brought idlis,sambarandchutneyforthe CONTINUED ON PAGE 2 MORE REPORTS PAGE 6 MEA, Army in marathon LAC talks with China KRISHN KAUSHIK NEW DELHI, SEPTEMBER 21 ELEVEN DAYS after their Foreign Ministers reached an agreement in Moscow to “continue dialogue” and “quickly disengage” troops to “ease tensions” along the Line of Actual Control in Ladakh, Indian and Chinese military commanders returned to the talks table Monday to try and resolve the situation. Until late in the night, the meeting which began in the morning — the sixth round of discussions at the Corps Commander-levelsincethestart of the standoff early May — was still on at Moldo, the border meeting point on the Chinese side near Chushul. The Indian team, led by XIV Corps Commander Lt General Harinder Singh, included Lt General PGK Menon from Army headquarters. He is tipped to take charge of the Leh-based Corps in October. CONTINUED ON PAGE 2 E E X P L A I NE D TUESDAY, SEPTEMBER 22, 2020, NEW DELHI, LATE CITY, 18 PAGES Whythis round ● iskey A LOT is riding on this round of talks, the first since the Moscow agreement between the Indian and Chinese foreign ministers. The presence of an MEA official in the Indian team points to a coordinated approach to try and dial down tensions.
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.