Mansoor Khan tried to get Rs 600 cr loan from banks?
Bengaluru: At a time when the investigation is on the multi-crore scam against IMA Group of Companies Chairman Mansoor Khan, it came to light that he tried to get Rs 600 crore loan from banks.
It is said that in order to come out of the financial crunch of his company, Mansoor Khan, through a minister, had tried to get Rs 600 crore loan from banks. But because of the timely action of a senior IAS officer, he had failed to get the loan; sources said.
He had applied to various banks for loans. But due to the RBI warning against his transactions, banks denied him the loans and said they could give him the loan if he can produce No Objection Certificate (NOC) from the state government. Following banks objection, he had developed a friendship with ministers and politicians to get a NOC for the loan.
It is said that believing his words, a senior minister has reportedly directed an IAS officer to give him a NOC. But the IAS officer who suspected the business transaction of IMA convinced the minister against giving him the NOC after verifying the documents. After IAS officer said that issuing NOC to Khan could lead to legal complications, the minister reportedly dropped the idea of getting him the NOC.
SIT raid
The SIT officials who have been investigating the IMA scam conducted raids on various places at Shivajinagar, Frazer Town, KR Puram, and Indira Nagar in Bengaluru and verified the documents. The officials also conducted raids on the houses of the directors of IMA who were in the custody of SIT and got the statements of the accused and recovered the documents.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
ED in SC opposes interim bail to Delhi CM Arvind Kejriwal, says electioneering not fundamental right
New Delhi (PTI): The Enforcement Directorate (ED) on Thursday opposed in the Supreme Court the grant of interim bail to Delhi Chief Minister Arvind Kejriwal in a money-laundering case linked to the alleged excise policy scam, saying the right to campaign in elections is neither fundamental nor constitutional.
In a fresh affidavit filed in the top court, the ED said no political leader has ever been granted interim bail for campaigning even if he is not contesting polls.
"It is relevant to note that the right to campaign for an election is neither a fundamental right nor a constitutional right and not even a legal right," the agency said. It added that to its knowledge, "no political leader has been granted interim bail for campaigning even though he is not the contesting candidate. Even a contesting candidate is not granted interim bail if he is in custody for his own campaigning".
On Wednesday, Justice Sanjiv Khanna, who headed the bench that heard Kejriwal's petition against his arrest in the case, said, "We will pronounce the interim order (on bail) on Friday. The main matter related to the challenge to arrest will also be taken up on the same day."
The Aam Aadmi Party (AAP) leader was arrested on March 21 and is currently lodged in Tihar Jail under judicial custody.
On May 7, the bench, also comprising Justice Dipankar Datta, had reserved its verdict on Kejriwal's interim bail plea.
On Tuesday, a Delhi court extended Kejriwal's judicial custody in the case till May 20.
The Delhi High Court had, on April 9, upheld the AAP leader's arrest, saying there was no illegality and the ED was left with "little option" after he skipped repeated summonses and refused to join the investigation.
The matter relates to alleged corruption and money laundering in the formulation and execution of the Delhi government's now-scrapped excise policy for 2021-22.
