Rahul Gandhi to join Congress padyatra in Bihar, address party workers
Patna (PTI): Leader of the Opposition in Lok Sabha, Rahul Gandhi, will join the party's ongoing 'Palayan Roko, Naukri Do' padyatra in Bihar's Begusarai district on Monday.
Later in the day, he will return to Patna from Begusarai to address the 'Samvidhan Suraksha Sammelan' (Save the Constitution Symposium). After that he will visit Sadaqat Ashram, the Bihar Congress office in Patna, to address party workers.
This will be Gandhi's third Bihar tour since January, when he had urged party workers to "inflict an ideological defeat" on the BJP in the assembly polls due later this year.
The Raebareli MP shared a minute-long video message on X on Sunday, urging the youth of Bihar to join him in the march in Begusarai wearing "white T-shirts".
"Our aim is to draw the attention of the world to the plight of Bihar's youth, who find government jobs getting scarce day by day and privatisation bringing no benefits. Let us bring the government in the state under pressure and change it," he said in the video.
Begusarai also happens to be the home district of Kanhaiya Kumar, who has been the star attraction of the padyatra, which began in East Champaran district last month.
The former JNU students' union president had unsuccessfully contested the 2019 Lok Sabha polls, on a CPI ticket, from the seat.
In the Bihar assembly polls, the Mahagathbandhan, comprising RJD, Congress and the Left, is pitted against the ruling Nitish Kumar-led NDA that also comprises the BJP.
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Mehul Choksi arrested in Belgium on India's extradition request
New Delhi (PTI): Absconding diamantaire Mehul Choksi has been arrested in Belgium following an extradition request by Indian probe agencies for his involvement in the Rs 13,000 crore PNB bank loan "fraud" case, official sources said on Monday.
The action against the second "prime suspect" in this case, after Choksi's nephew diamantaire Nirav Modi, was taken on Saturday based on an extradition request moved by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED).
Choksi was located in Belgium last year when he went there on the grounds of getting medical treatment. He had been staying in Antigua since 2018 after leaving India.
Sources said the Interpol Red Notice against him for arrest was "deleted" sometime back and the Indian agencies were pursuing him via the extradition route since then.
At least two open-ended arrest warrants, issued by a special court in Mumbai in 2018 and 2021, have been shared by the Indian agencies with their Belgian counterparts as part of the extradition request, the sources said.
Formal paperwork is being done following the arrest/detention as Choksi may seek bail on health grounds, they said.
Choksi, Modi, their family members and employees, bank officials and others were booked by the CBI and the ED in 2018 for perpetrating the alleged loan fraud at the Brady House branch of the Punjab National Bank (PNB) in Mumbai.
It was alleged that Choksi, his firm Gitanjali Gems and others "committed the offence of cheating against PNB in connivance with certain bank officials by fraudulently getting the LOUs (letters of undertaking) issued and got the FLCs (foreign letter of credit) enhanced without following prescribed procedure and caused a wrongful loss to the bank".
The CBI has filed at least two chargesheets against him in this case while the ED has filed three such prosecution complaints.
Modi, declared a fugitive economic offender, has been lodged in a London jail since he was held by the authorities there in 2019 on the basis of a legal request made by the ED and the CBI in this case. He is contesting extradition to India.
According to the investigating agencies, officials at PNB's Brady House branch in Mumbai issued 165 LoUs and 58 FLCs during March-April 2017, against which 311 bills were discounted.
These LoUs and FLCs were allegedly issued to Choksi's firms without any sanctioned limit or cash margin and without making entries in PNB's central banking system to evade any scrutiny in case of a default.
LoUs are a guarantee given by a bank on behalf of its client to a foreign bank. If the client does not repay the foreign bank, the liability falls on the guarantor bank.
Based on these LoUs by PNB, money was lent by SBI, Mauritius; Allahabad Bank, Hong Kong; Axis Bank, Hong Kong; Bank of India, Antwerp; Canara Bank, Manama; and State Bank of India, Frankfurt.
"Since the accused companies did not repay the amount availed against the said fraudulent LoUs and FLCs, PNB made the payment of Rs 6,344.97 crore (USD 965.18 million), including the overdue interest, to the overseas banks, which had advanced buyer's credit and discounted the bills against the fraudulent LoUs and FLCs issued by the PNB," the CBI's supplementary charge sheet in the PNB bank fraud case alleged.
The ED has attached or seized assets worth Rs 2,565.90 crore in the case against Choksi and the court has allowed "monetisation" of all these properties.
