SBI loan fraud: SC permits bank to respond to reply of private firm chairperson accused of fraud
New Delhi (PTI): The Supreme Court has permitted SBI to file a rejoinder to the reply of Suman Vijay Gupta, a citizen of the Dominican Republic and chairperson of a Mumbai-based private company, who was stopped from travelling to the UAE because of a case in which she is accused of defrauding the bank of Rs 3,300 crore.
The top court had on March 16 taken up for urgent hearing the appeal of the State Bank of India against a Bombay High Court order permitting Gupta, the chairperson of Ushdev International Limited (UIL), to travel abroad on furnishing a personal undertaking that she will come back to face legal proceedings here.
"The Solicitor General (Tushar Mehta) submits that the applicant (Gupta) who took up the citizenship of the Dominican Republic after the declaration of her account as Non Performing Asset (NPA), has been permitted to travel by the impugned orders dated March 10, and 14 March 2023 of a Division Bench of the High Court of Judicature at Bombay...
"Pending further orders, there shall be a stay of the operation of the impugned orders...," a bench headed by Chief Justice D Y Chandrachud said on March 16.
On Thursday, the bench, also comprising Justice J B Pardiwala, took up the plea of SBI for hearing and was urged by lawyer Sandeep Kapur, appearing for Gupta, that she has filed her reply to the bank's plea and she be permitted to go abroad.
The lawyer said the Bombay High Court rightly permitted Gupta to travel abroad.
The solicitor general, appearing for the bank, opposed the plea saying he may be permitted to file a rejoinder to Gupta's reply.
"The State Bank India is permitted to file its rejoinder affidavit, if need be. List the Special Leave Petitions on April 14," the bench said.
Earlier, the top court, while staying the Bombay High Court order, had taken note of the submissions of the top law officer that the law enforcement agencies have had a bad experience allowing economic offenders and fraudsters to go abroad on personal undertakings as they seldom honour them and come back to face legal proceedings.
"She is the chairperson of a company which took a loan of Rs 3,300 crore. The CBI is investigating (the case). After the loan was declared an NPA (non-performing asset), she renounced the citizenship of India and got the citizenship of Dominica," the top law officer had said.
A look out circular (LOC) was issued and she was prevented from travelling, he had told the court, adding the Bombay High Court said will let her go if she filed an undertaking stating that she will return to face legal proceedings in the case against her.
"We have a very bad experience with the undertakings," Mehta had said.
Mehta had said insolvency proceedings were initiated against UIL after the fraud was detected and the CBI later registered a case against Gupta, who relinquished her Indian citizenship and became a Commonwealth of Dominica citizen while residing in the UAE.
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Minister Sivankutty welcomes PM Modi to 'developed Nemom', BJP hits back
Thiruvananthapuram (PTI): Ahead of Prime Minister Narendra Modi's roadshow here for April 9 Assembly elections, Kerala General Education Minister V Sivankutty and BJP state leadership on Saturday locked horns on social media over development issues.
Sivankutty, LDF candidate from Nemom, in a Facebook post welcomed Modi for the roadshow in the constituency later in the day and highlighted a series of development projects.
The BJP state unit took a swipe at the minister through another Facebook post sarcastically questioning his claims.
In the FB post, Sivankutty said he was happy that the Prime Minister would conduct a roadshow from Killipalam junction towards Pappanamcode, as it would provide an opportunity to witness the development initiatives carried out in Nemom.
The senior CPI(M) leader is also the sitting MLA in Nemom, one of the constituencies where BJP pins its hopes the most in the upcoming Assembly polls.
The minister invited PM Modi to witness what he described as a "developed Nemom".
He listed several projects along the proposed route of the PM's scheduled roadshow, including a newly established ITI at Chala built at a cost of Rs 18 crore and the state office of SSK, which he said was constructed by the Kerala government after alleged denial of central assistance.
The minister further pointed to infrastructure such as the Deputy Director of Education's office complex, and a new building for Chala school constructed at a cost of Rs 4.8 crore.
He also highlighted road development and beautification works from Karamana junction to Pravachambalam, undertaken at a cost of Rs 5 crore, along with new street lighting installations.
Sivankutty said additional projects included multi-storey school buildings at various institutions, road upgradation works, and a career development centre built at a cost of Rs 6 crore.
While welcoming the Prime Minister, Sivankutty also urged him to explain the delay in disbursing Rs 1,500 crore allegedly due to Kerala under the SSK scheme, stating that the funds are meant for supporting children from economically weaker and marginalised sections.
He further claimed that salaries of around 7,000 teaching and non-teaching staff under the scheme are currently being paid by the state government.
In its social media post, the BJP's state leadership responded sarcastically to Sivankutty's claims of development by listing a series of prominent landmarks in and around Thiruvananthapuram, suggesting that the PM could see them by simply turning in different directions.
"Turn a little to the right and you can see the Thiruvananthapuram International Airport. Go straight from there and you will see the Vizhinjam seaport. Turn left and you can see the Thumba rocket launch centre. From there, if you go straight, you will reach Thiruvananthapuram railway station. Turn right and you will see the Padmanabhaswamy temple," it said.
"Go straight and you will reach Kovalam international beach. And if you look up from there, you can see the sky," the post said in Malayalam.
