SBI loan fraud: SC stays Bombay HC order permitting private firm chairperson to travel to UAE
New Delhi (PTI): The Supreme Court has stayed a Bombay High Court order permitting Suman Vijay Gupta, the chairperson of a Mumbai-based private company, to travel to the UAE after taking note of a case in which she is accused of defrauding State Bank of India of Rs 3,300 crore.
Gupta is the chairperson of Ushdev International Limited (UIL).
A bench comprising Chief Justice D Y Chandrachud and Justice P S Narasimha on Thursday took note of the submissions of Solicitor General Tushar Mehta 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 their undertakings come back to face the proceedings here.
"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 said.
A look out circular (LOC) was issued and she was prevented from travelling, he said, adding that the Bombay High Court said that it 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 said.
The bench said, "We will issue a notice. Pending further orders, there shall be a stay on the High Court order."
Mehta said the 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.
Gupta had come to attend her nephew's wedding and the LOC was issued in 2020, he said.
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Leopard spotted in Bengaluru's Electronic city captured
Bengaluru, Sept 25: A four-year-old male leopard was caught in a trap in Electronic city area here, over a week after it was spotted roaming in the tech hub, forest officials said on Wednesday.
After a CCTV footage of the leopard crossing a flyover near a toll plaza went viral, the residents of Electronic city were put on high alert. Ever since the animal was spotted, the forest officials were on toes trying to capture the big elusive cat.
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"We laid a trap for the past four to five days. However, it did not fall into it. Since two days, we had erected 'Tumkur trap cage' (which is like a big enclosure) so, leopard would walk in with its big tail inside the cage and get trapped inside the big enclosure. That is how we caught the leopard on Tuesday night," Deputy Conservator of Forest (DCF), Bengaluru Urban Ravindra Kumar told PTI.
According to officials, the leopard was caught in an open area in Electronic city, where the trap was laid.
The leopard is healthy and has been shifted to Bannerghatta Biological Park from where it will be released later.
#Karnataka: A week after a male leopard was spotted roaming around Electronic City, the #Bengaluru’s Forest officials managed to catch the elusive wild cat in the morning hours on Wednesday.
— South First (@TheSouthfirst) September 25, 2024
The leopard was trapped in a cage that was set up for the forest officials to catch it… pic.twitter.com/E0BpdL0hmQ
