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.
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China confirms its support to Pakistan during four-day conflict with India
Beijing (PTI): China, for the first time, has confirmed that it provided on-site technical support to Pakistan during the four-day conflict with India last year, official media reports here said.
China's state broadcaster CCTV on Thursday aired an interview with Zhang Heng, an engineer from the Aviation Industry Corporation of China's (AVIC) Chengdu Aircraft Design and Research Institute, a key developer of China’s advanced fighter aircraft and unmanned aerial vehicle design.
Zhang had provided technical support to Pakistan during the four-day war last May, Hong Kong-based South China Morning Post reported, quoting CCTV.
Pakistan's air force operates a fleet of Chinese-made J-10CE jets, produced by an AVIC subsidiary.
"At the support base, we frequently heard the roar of fighter jets taking off and the constant wail of air-raid sirens. By late morning, in May, the temperature was already approaching 50 degrees Celsius (122 degrees Fahrenheit). It was a real ordeal for us, both mentally and physically,” Zhang said.
What drove his team was the "desire to do an even better job with on site support” and to ensure their equipment could “truly perform at its full combat potential”, Zhang told CCTV.
“That wasn’t just a recognition of the J10CE; it was also a testament to the deep bond we formed through working side by side, day in and day out,” he said.
