PNB fraud case: Rahul Gandhi asks Prime Minister to speak up
New Delhi: The opposition asked the Prime Minister to speak up in 11,300-crore Punjab National Bank fraud case involving diamond trader Nirav Modi and Mehul Choksi.
In a tweet, Rahul demanded the Prime Minister to end his silence in the high-profile case. He also took a swipe at Arun Jaitley, saying the Union finance minister was nowhere to be seen.
"PM Modi tells kids how to pass exams for 2 hrs, but won't speak for two mins on the 22,000Cr banking scam. Mr. Jaitley is in hiding. Stop behaving as if you're guilty! Speak up (sic)," the Congress chief tweeted, alluding to the PM's interaction with students at the ‘Pariksha Pe Charcha' programme on February 16.
Nirav Modi and his uncle Mehul Choksi allegedly acquired fraudulent letters of undertaking (LoT) from the state-owned bank to secure overseas credit from other lenders. The Enforcement Directorate has seized diamonds, gold jewelry and other precious stones worth `5,674 crore till now.
Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee demanded that the "full truth" must come out. "This is just the tip of the iceberg. This big banking fraud was fuelled at the time of #DeMonetisation. Big money laundering happened during DeMo. Key bank officials were changed. Who are these people put in? There are more banks involved. The full truth must come out (sic)," she tweeted.
CPI-M general secretary Sitaram Yechury also took potshots at the NDA government. "Poor farmers forced to commit suicide, while rich businessmen friends are invited to PM's residence and Davos so that they can scoot with public money," he tweeted.
In Bhopal, rebel JD(U) leader Sharad Yadav demanded the NDA government's resignation for failing to protect the money of ordinary depositors. "A government is the most powerful entity after god. If it cannot protect public money, who else will? They (the NDA government should immediately resign," he said.
Earlier in the day, the Congress party demanded the government bring out a white paper on the banking system, which it said suffered scams involving over `61,000 crore in the last five years.
"Bank frauds are tumbling out of the closet faster than you can say, Jack Robinson," Congress spokesperson Manish Tewari said, adding Vikram Kothari — the owner of Rotomac pens who owes `800 crore to banks — was now untraceable.
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Disqualification row: SC unhappy over Telangana CM's statement on bye-elections
New Delhi (PTI): The Supreme Court on Thursday expressed its displeasure over Telangana Chief Minister A Revanth Reddy's statement in the assembly that there would be no bye-elections, and said he was expected to exercise "some degree of restraint".
"Did we commit a mistake by letting him go at that time and not taking an action for contempt?" a bench of Justices B R Gavai and Augustine George Masih asked.
The top court was perhaps referring to a separate matter in which it had last year disapproved of Reddy's comments on the top court granting bail to rival BRS leader K Kavitha in cases linked to the alleged Delhi excise policy scam.
The apex court's observations came during the arguments on the pleas raising the issue of alleged delay by the Telangana Assembly speaker in deciding on petitions seeking disqualification of 10 BRS MLAs who had defected to the Congress.
The bench reserved its verdict in the matter.
During the arguments, the issue over Reddy's recent statement in the assembly cropped up before the bench.
"Mr Singhvi, having experience of earlier occasion, was the chief minister not expected to at least exercise some degree of restraint?" Justice Gavai asked senior advocate Abhishek Singhvi, who was appearing for the assembly speaker.
Justice Gavai said the court was not bothered about statements of politicians.
"We exercise self-restraint. We respect the other two wings of the democracy. Same is expected of the other two wings also," he said.
Senior advocate C A Sundaram, representing the petitioner and BRS leader Padi Kaushik Reddy, referred to the transcripts of the chief minister's statement, calling it shocking.
A BRS MLA, the counsel said, had said in the assembly that this should not be raked up as the matter was pending before the apex court but the chief minister still made the statement.
Sundaram quoted the chief minister's statement as saying, "Mr speaker, I am telling on your behalf to everyone present in the assembly that they need not worry about any bye-elections in future. No Bye-elections will come".
Sundaram said when the chief minister made the statement, the speaker did not say anything.
During the hearing, the bench asked what would be the "reasonable period" for a speaker to decide on the disqualification petitions.
It asked whether such applications for disqualification "should be permitted to die its natural death and the Tenth Schedule be thrown in the dustbin?".
The Tenth Schedule of the Constitution deals with provisions on disqualification on the ground of defection.
Sundaram requested the bench to put a time limit for deciding the disqualification petitions, referring to it as an "extraordinary situation".
Reddy had allegedly said in the assembly on March 26 that there would be no bye-elections even if BRS members switched sides.
"If this is said on the floor of the house, your chief minister is making a mockery of the Tenth Schedule," the bench said on April 2.
The apex court had also asked the speaker why he took about 10 months to issue notices on the petitions for the disqualification of BRS MLAs who defected to the Congress.
While one of the pleas in the apex court has challenged the November 2024 order of the Telangana High Court in a matter concerning petitions seeking the disqualification of three BRS MLAs, another petition relates to the remaining seven legislators who defected.
A division bench of the high court in November last year said the Assembly speaker must decide the disqualification petitions against the three MLAs within a "reasonable time".
The division bench's verdict came on the appeals against the September 9, 2024, order of a single judge.
The single judge had directed the secretary of the Telangana Assembly to place the petition seeking the disqualifications before the speaker for fixing a schedule of hearing within four weeks.
On March 4, the apex court sought responses from the Telangana government and others on the pleas, saying a timely decision was the key and there could not be a case of "operation successful but patient is dead".
It had also sought the responses of MLAs Danam Nagender, Venkata Rao Tellam and Kadiyam Srihari in the matter.
