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Nirav Modi plays victim: PNB closed all the doors of repayment for me

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Nirav Modi

Nirav Modi said that the “erroneous liability resulted in a media frenzy led to immediate search and seizure of operations” jeopardizing the group’s ability to discharge the dues to the banks. 

 

The absconding Jewellery giant Nirav Modi who allegedly committed a fraud and duped the Punjab National Bank of ₹11,400 crores has now written a letter to the bank. In the letter dated February 15/16, he asserted that by making the details of the transaction public, the ‘overzealous’ bank has shut all the doors of repayment possibility for him.

He also requested the bank to let him clear the dues of employees who are yet to get their salaries. Nirav Modi also asked the PNB bank to “be fair, and support his efforts to make good all the amounts that are found due by his group to all banks.”

Nirav Modi

CBI notice outside the Brandy house branch of Nirav Modi jewellery shop

Highlighting the amount reported through press coverage by the bank is not correct, he said, “The media suggests that the liability of the Nirav Modi Group is over Rs 11,000 crores. As you are aware, this is entirely incorrect and the liability of the Nirav Modi Group is substantially less.” He further added that the in a letter to the bank after the complaint was filed he sought the bank’s permission to sell Firestar group which could have helped to “reduce/discharge the debt to the banking system”. He said the valuation of the business was approximately Rs. 6,500 crores.

Blaming the extensive media reports he said that the “erroneous liability resulted in a media frenzy led to immediate search and seizure of operations” which according to him jeopardize the group’s ability to discharge the dues to the banks.

The diamantaire further said that the PNB has over the years acknowledged the buyers’ credit facility given by the bank himself to the three partnership firms. He added that there has been no loan default by these firms over all these years and the loan money from PNB was only used for repayments of the advances given by the overseas bank branches.

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Jagdish Thakkar, PRO in Prime Minister’s Office dies, PM condoles death

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Jagadish Thakkar

“Extremely saddened by the demise of Shri Jagdish Thakkar, the PRO in the PMO,” tweeted Prime Minister Narendra Modi.

 

New Delhi| Public Relations Officer (PRO) in the prime minister’s office and senior journalist Jagdish Thakkar passed away here Monday.

Thakkar, 72, who was unwell for some time, passed away at the All India Institute of Medical Sciences here.

Prime Minister Narendra Modi condoled his demise, saying he was a wonderful person who loved his work.

“Extremely saddened by the demise of Shri Jagdish Thakkar, the PRO in the PMO. Jagdishbhai was a veteran journalist and I had the pleasure of working with him for years, both in Gujarat and in Delhi. He was known for his simplicity and warm-hearted nature,” the PM tweeted.

He said several journalists would have regularly interacted with Jagdishbhai over the years. He had previously served with many chief ministers of Gujarat.

“We have lost a wonderful person, who loved his work and did it with utmost diligence. Condolences to his family and well-wishers,” Modi said.

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Bulandshahr violence: Court sent acccused armymen on 14 day judicial custody

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Bulandshahr

Lucknow | A local court on Sunday sent the accused army men in Bulandshar violence Jitendra Malik alias Jitu Fauji to a 14-day judicial custody.

Jitendra Malik allegedly involved in the killing of a police inspector during mob violence in Bulandshahr was arrested on Saturday night. “The Army handed over Jitendra Malik to UP STF team in Meerut yesterday late night,” IG STF Amitabh Yash told PTI here today.

On Monday, a mob of some 400 people rampaged through a village in Bulandshahr district apparently after cow carcasses were found in a jungle nearby. During the violence, Inspector Subodh Kumar Singh and a 20-year-old man died of gunshot wounds. Nine people have been arrested in connection with the violence. Earlier Army chief Gen Bipin Rawat said Saturday that full cooperation will be extended in the investigation of the incident

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Pakistan issues visas to 139 Indian pilgrims to visit Katas Raj dham

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Katas Raj dham

New Delhi | The Pakistan High Commission on Sunday said it has issued visas to 139 Indian pilgrims to visit Katas Raj Dham, the famous Shiva temple, in the country’s Punjab province.

Under the framework of a bilateral protocol on visits to religious shrines, Sikh and Hindu pilgrims from India visit Pakistan every year. Pakistani pilgrims also visit India every year under the protocol. “Another group of Indian pilgrims, comprising 139 people, have been issued visas by the Pakistan High Commission to visit Shree Katas Raj Dham in Chakwal district from December 9-15,” the Pakistan High Commission said.

Last month, Pakistan had granted visas to more than 3,800 Sikh pilgrims to visit the country. Some of the pilgrims had attended the ground-breaking ceremony of the Kartarpur corridor on November 28 in Narowal. The corridor will link the Darbar Sahib shrine in Kartarpur in Pakistan’s Punjab province to Dera Baba Nanak in Gurdaspur district in India.

Earlier this month, over 220 Indian pilgrims were granted visas to visit the famous Hindu temple, Shadani Darbar, in Sukkur.  Katas Raj is one of the holiest places for the Hindu community in Pakistan. The temples form a complex surrounding a pond named Katas — which is regarded as sacred by the devotees.

Pakistan’s High Commissioner Sohail Mahmood stated that the issuance of visas for yet another group of pilgrims from India was consistent with Government’s of Pakistan’s policy of promoting visits to religious shrines and was a reflection of its commitment to faithfully implement the 1974 Protocol, the High Commission said in a release. He said that Pakistan remained committed to providing all possible facilitation for the visiting pilgrims and strengthening people-to-people exchanges between the two countries.

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