DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA ● REG.NO. MCS/067/2018 - 20 RNI REGN. NO. 1543/57 JOURNALISM OF COURAGE WEDNESDAY, OCTOBER 6, 2021, MUMBAI, LATE CITY, 16 PAGES `5.00, WWW.INDIANEXPRESS.COM SINCE 1932 PANDORA PAPERS – PART 3 AN INVESTIGATION BY THE INDIAN EXPRESS WITH INTERNATIONAL CONSORTIUM OF INVESTIGATIVE JOURNALISTS On list: IRS officer and an ex-IT Chief Commissioner In 2019, Homi Rajvansh was put on compulsory retirement; IT Commissioner pegged assets at $500,000 RITU SARIN NEW DELHI, OCTOBER 5 TWO former officers of the IndianRevenueService,onewho was arrested for alleged corruption and money laundering, and another who was an Income Tax Chief Commissioner, have Swiss bank accounts, an investigation of records in the Pandora Papers by The Indian Express shows. Homi Rajvansh (IRS, 1985 batch)wasAdditionalManaging Director of National Agricultural Cooperative Marketing Federation of India (NAFED) whenhewasbookedoncharges of corruption and money laun- Mumbai real estate major Hiranandani: Link to BVI, trust with $60 mn in assets THE THIRD LIST SANDEEP SINGH NEW DELHI, OCTOBER 5 deringandforgivingunduegains to private parties while in office. He was arrested by the CBI in 2011 and the Enforcement Directorate (ED) alleged he had Rs 2.9-crore worth of disproportionate assets. In 2019, Rajvansh was put under “compulsory retirement” by the Government. CONTINUED ON PAGE 6 PAGE 7 NIRANJAN HIRANANDANI, the founder of Mumbai-based real estatemajorHiranandaniGroup, and key members of his family were beneficiaries of a Trust with assets of over $60 million. Niranjan wasthe “reservedirector” in at least three firms set up in the British Virgin Islands (BVI) by his Dubai-based son, recordsinthePandoraPapersinvestigated by The Indian Express show. The BVI Business Companies Act provides for the nomination of a reserve director to act in the event of the death of the sole director of a company. Records of Trident Trust Company investigated by The Indian Express show that CONTINUED ON PAGE 6 MAHARASHTRA FIR SAYS CONSPIRACY BY MoS AJAY MISHRA AND SON TENDER FLOATED TO PUT DECCAN ODYSSEY BACK ON TRACKS PAGE 5 Why hasn’t minister been suspended yet, his son arrested, asks Priyanka ` 143 per kilo ` 178 per kilo ` 64 per Dozen 5 MORE ARRESTS IN SHIP DRUG RAID CASE Probing links to explore nexus; ship operating without licence: NCB MOHAMED THAVER & SADAF MODAK MUMBAI, OCTOBER 5 THE NARCOTICS Control Bureau (NCB) on Tuesday arrested five more persons in connection with the cruise ship drug raid, taking the total number of arrests in the case to 16. Those arrested on Tuesday included four persons from an event management company thathadorganisedthepartyand one passenger who had allegedly consumed drugs while the ship was at sea. Four persons, three of whom were arrested on Monday night, were produced before the court on Tuesday. The four members of the event management company – Gopal Jee Anand, Samir Seghal, Manav Singhal and Bhaskar Arora – will be produced before thecourt onWednesday,anofficer said. The officer added that the four have been arrested on chargesof harbouringdrugusers on the ship and allowing its premisestobeusedforconsuming narcotics. “They have been charged under sections 25 and 27A of the NDPS Act.” Earlierintheday,whileseek- ing custody of the four other accused before the court, the NCB claimed that it had arrested the suppliers linked to the cruise ship drug raid. The central agency produced Abdul Kadar Shaikh (30) and Shreyas Nair (23) before the court, claiming that they had supplied the contraband seized on the ship. While Shaikh was arrested on Monday with 54.3 gm of mephedrone – categorised as commercial quantity – and 2.5 gm of ecstasy – categorisedasintermediatequantity – Nair was arrested with 2 gm of charas, categorised as small quantity. The NCB claimed that it had arrested Shaikh on the basis of information provided by earlier arrested accused Mohak Jaswal while Nair was arrested on the basis of co-accused Ishmeet Singh Chadha's custodial interrogation. Odisha residents Manish Rajgaria (30) and Avin Sahu (30) were the other two accused produced before the court. They were guests on the cruise ship. While Rajgaria was arrested with 2.4 gm of ganja, no drugs were found on Sahu. NCB counsel Advait Sethna told the court CONTINUED ON PAGE 2 Prominent businessman among three civilians killed in Kashmir BASHAARAT MASOOD SRINAGAR, OCTOBER 5 A PROMINENT Kashmiri Pandit businessman, who ran two medical stores in Srinagar including one started by his familyin1947,wasamongthreepersons killed Tuesday in a series of attacksbysuspectedmilitantsin J&K, police said. A street food vendor in Srinagar, who hailed from Bihar, andataxistandassociationpresident in Bandipora were also killed in the attacks, police said. The attacks were part of a spike in killings by suspected militants that has put the security establishment on guard after two other civilians were shot Saturday in Srinagar. On Tuesday evening, suspected militants shot dead Makhan Lal Bindroo outside his shop Bindroo Health Zone, near Iqbal Park in Srinagar. Bindroo,65,ownedthe“popular and trusted” Bindroo Chemists, which was set up by his family in 1947 at Hari Singh High Street in Srinagar. Officials said the family had stayed back in Srinagar even as the militancy peaked in the 1990s and most members of the Bindroo was killed outside his Srinagar shop. Express Kashmiri Pandit community left the Valley. Bindroo Health Zone was opened a few years ago. "Terrorists fired upon...Makhan Lal Bindroo near Iqbal Park Srinagar. He was shiftedtohospitalwherehesuccumbed to his injuries. Area cordoned off and search to nab the terrorists is going on," J-K Police tweeted. Lessthananhouraftertheattack, suspected militants shot a street vendor who was selling golgappa on a handcart at the Madeen Sahib area in Hawal. Police identified the victim as Virendar Paswan, a resident of Bhagalpur in Bihar. In the third incident, suspected militants gunned down CONTINUED ON PAGE 2 How deal was reached, keeping Tikait in front BHUPENDRA PANDEY ASAD REHMAN, AVANEESH MISHRA & MANISH SAHU LUCKNOW, OCTOBER 5 LAKHIMPUR KHERI, LUCKNOW, OCTOBER 5 THE VIDEO clip of an SUV mowing down farm protesters in Lakhimpur Kheri raised the heat on the UP government Tuesday, with farm leader Rakesh Tikait calling for the arrest of Union MoSandBJPMPAjayMishraand his son for their alleged involvement in the incident and Congress leader Priyanka GandhiVadraquestioningPrime Minister Narendra Modi's silenceontheissueduringhisvisit to Lucknow. AtLakhimpurKheri,thefamilies of three of the four farmers whowerekilledafterbeinghitby threeSUVs,includingoneowned byUnionMoSMishra,conducted their last rites while the cremationof thefourthvictimwasheld upwithhisfamilyallegingthathe had been shot by Mishra's son Ashishandthatthepostmortem CONTINUED ON PAGE 2 Lakhimpur Kheri, Tuesday. It’s on this stretch of road that three vehicles, including one owned by the minister, hit protesting farmers on Sunday, killing four of them. Vishal Srivastav E E X P L A I NE D ` 115 per kilo No arrest yet, Tikait gives UP govt a week Big test ● for govt WITH FRESH details out, there will be more pressure from protesters and the Opposition on the UP government. After getting BKU leader Rakesh Tikait to placate farmers, the Yogi government's next big test will be on action against the Union Minister’s son. Opp steps up attack: Rahul heads to Lakhimpur today, TMC gets in as ‘tourists’ EXPRESS NEWS SERVICE LUCKNOW, NEW DELHI, OCTOBER 5 THE YOGI Adityanath government Tuesday continued its measures to stop Opposition leaders from reaching Lakhimpur Kheri, where four farmers were killed by a car be- Congratulations! 'd'3 PLd' P j 8'9 V'?9 eÿeÿ ?[L LP[3V deÿ V?V 3 P3 V'?9P dj '9 V?I iÿ eh '9 V?I dÿÿ ' P eÿee IÊâ¡½ÙÎ k|ÊÎ KÙÎÔ¡½¶ I|ÇÊÎ ½âÊ IÊÎ½¶|° ÔÔ¶Ô¡½¶ %¡¶Ù I°ÙÎ 9ãÎ |¶ d¡ãÎ d¡½ IÊ°¡µ |¶ 8|¡¶ VÎÔ PÊ¡Î Ù¡°Ô¡¶ ½µÇÊ¶Î¡â |¶ ¡¶ ÇÔ Ù¡°¡¶ Ê½µ |Î¡Î P¶¡½Ê |Ù°Ôé PÔÙé 8|ÔÊ¡|° PÇ¡¡|°°é ÙÔ½Ê ½Ê ¡â¡° PÊâ¡Î è|µ |¡°é 8 K
eÊ¡Ô¡¶ IÊ|Ô¡ IÊ°¡µ Ùµ 8|¡¶
?°¡¶ |¶ ?¶°¡¶ µ¡ÎÎ¡½¶Î ?Ç¶ 8' |¡°¡Ôé â|¡°|° ÙÇÔ½ ¡Ô¶ 8½¶ÔÎ Ô|¡° Ê½ÙÊ |â|¡°|° ½¶ Ô ãÎ¡Ô |¶ |Ô Ô ?° L|«¡¶Ê 9||Ê ½¡ ?[LP V '3P V ? V? L jV% V'8 kdÿfÿ 8 9VL ?3 L /'9L 9 ! L e L ? 1 '9PV'V[VP e'V% P'8'3 L 9 8P 3??1 ?L V% PL'L 8P ' P 3?!? ?L 9L?389V SRIRAM’s IAS Towers, 10-B, Pusa Road, Bada Bazaar Marg 01142437002, 9811489560 www.sriramsias.com longingtoUnionMinisterof State for Home Ajay Mishra. Congress leader and Chhattisgarh Chief Minister Bhupesh Baghel held a two-hour dharna at Lucknow airportafterhewasstoppedfrom CONTINUED ON PAGE 2 MORE REPORTS PAGE 8 THEUTTARPradeshgovernment acted swiftly to contain the fallout of the Lakhimpur Kheri incident, ensuring that the protesting farmers climbed down from their position within 24 hours and that a crowd of over 25,000 gathered at the site dispersed. The man who helped them CONTINUED ON PAGE 2 BUSINESS AS USUAL BY UNNY Risks receding: Moody’s upgrades India outlook from negative to stable ENS ECONOMIC BUREAU NEW DELHI, OCTOBER 5 HIGHLIGHTING THAT INDIA's downside risks from negative feedback between the real economy and the financial system are receding,ratingsagencyMoody’s Tuesday changed India’s sovereignratingoutlookfrom‘negative’ to ‘stable’, while affirming its foreign-currencyandlocal-currency long-term issuer ratings at Baa3. “With higher capital cushions and greater liquidity, banks and non-bank financial institutionsposemuchlesserrisktothe sovereign than Moody's previously anticipated. And while risks stemming from a high debt burden and weak debt affordability remain, Moody's expects that the economic environment willallowforagradualreduction of the general government fiscal deficit over the next few years, preventingfurtherdeterioration of the sovereign credit profile,” the credit rating agency said. Of the three big rating agencies, Standard & Poor’s and now Moody’s, have a stable sovereign rating outlook. Fitch has kept it negativeuntilnow.LikeMoody’s, theothertwohavealsokeptIndia at the lowest investment grade. Last year, Moody's downgraded India's sovereign rating 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.