Punjab Congress leader Manpreet Badal quits Cong, joins BJP
New Delhi (PTI): Former Punjab finance minister Manpreet Singh Badal joined the BJP on Wednesday and slammed the Congress, which he quit before starting his new political innings, for factionalism.
He lauded the BJP and Prime Minister Narendra Modi's leadership, saying India has emerged strong, including diplomatically and economically, under their nearly nine-year rule.
Voicing concern over the state of affairs in Punjab, he said the state is "slipping" and the BJP is the only party which can meet the challenges facing it.
On his decision to quit the Congress, he said how can one operate in a party which is at "war with itself. Not only in Punjab but in many states, the party is full of factions".
Union minister Piyush Goyal, who was present during his joining ceremony at the BJP headquarters here, was effusive in his praise of Badal.
Badal is erudite, simple and experienced and was also guided by larger national interest during the GST council meeting when he represented Punjab as it finance minister, Goyal said.
It is a golden day and his joining the BJP will further strengthen its bond with Sikhs, the senior BJP leader said.
Earlier in his resignation letter to Congress leader Rahul Gandhi, Badal said he was "disillusioned" by the party.
"I devoted every ounce of energy to every office I have had the honour of holding, both in the party and the government. I thank you for having provided me these opportunities and for the kindness and courtesy you have shown me in the past," he said in the letter which he posted on his Twitter handle.
"Regretfully, given the prevalent culture within the party and the defiant desire in the present course, I no longer wish to be a part of the Indian National Congress," he said.
Badal, who served as the finance minister in the previous Congress government, said, "Seven years ago, I merged the People's Party of Punjab with your party. I did so with immense hope and an expectation of being integrated into an organisation with a rich history that would allow me to serve both the people of Punjab and its interests to the best of my ability."
"Initial enthusiasm gradually gave way to disappointing disillusionment," he added.
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ED arrests Sandeepa Virk, 'cosmetologist' for alleged money laundering
New Delhi, Aug 13 (PTI): The Enforcement Directorate said on Wednesday it has arrested a woman, who claims to be an actor and a cosmetologist, under the anti-money laundering law in a case of alleged fraud and misrepresentation.
The agency said the purported links of the woman, Sandeepa Virk, with a Reliance Group executive, Angarai Natarajan Sethuraman (President, Corporate Affairs), are also under its scanner. Sethuraman, in a statement, denied any connection with Virk or any transactions related to her.
Virk was taken into custody under the Prevention of Money Laundering Act (PMLA) on Tuesday after searches were conducted against her and her associates in Delhi and Mumbai over the last two days.
A special court sent her to the ED's custody till August 14, the agency said. The woman claims to be the owner of a skin care products selling website named hyboocare.com, which the ED claimed was a "front" for money laundering.
She and her associates are being probed for allegedly exerting undue influence through "misrepresentation" and "defrauding" individuals by soliciting money under false pretences.
According to an Instagram ID of Virk, she is an actor and entrepreneur and the founder of the said website.
The federal agency said in a statement that the woman was also "in touch with" Sethuraman, former director of erstwhile Reliance Capital Limited.
She was communicating with him regarding "illegal liaisoning", the ED claimed, adding that the searches at Sethuraman's residence "confirmed" these allegations.
"Besides, diversion of funds for personal benefit has also been unearthed during the course of the search action," it said.
The ED alleged that public money worth about Rs 18 crore belonging to Reliance Commercial Finance Limited (RCFL) was disbursed to Sethuraman in 2018 by "flouting" prudent lending norms.
The funds were lent under terms that allowed a deferment of the principal amount as well as the interest, with multiple waivers granted and no due diligence conducted, it said.
The ED claimed that besides this, a home loan of Rs 22 crore was provided by Reliance Capital Limited by "violating" the prudential norms. "A large part of these loans are seen to have been eventually siphoned off and remained unpaid," it alleged.
Sethuraman, in a statement, dismissed the allegations as "baseless". He denied any connection with Virk or any transactions related to her.
Detailing about Virk's web portal, the agency said it purportedly sold FDA-approved beauty products. However, the ED said the products listed on the website have been found to be non-existent and the portal lacks a user registration option and is plagued by persistent payment gateway issues.
A scrutiny of the website uncovered minimal social-media engagement, an inactive WhatsApp contact number and an absence of transparent organisational details, all of which reinforce the finding of "non-genuine" commercial activity, the ED claimed.
"These factors, including limited product range, inflated pricing, false claims of FDA approval and technical inconsistencies, indicate that the website serves as a front for laundering funds," it said.
Another social media-hosted bio data of the woman said she is a certified cosmetologist.
The ED said several "incriminating" documents were seized during the searches and the statement of a man named Farrukh Ali, stated to be an associate of Virk, was recorded.
The money-laundering case stems from an FIR lodged by the Punjab Police.
Sethuraman said that the home loan he received from Reliance Capital was granted following due process and was secured by the property offered as collateral.
