Amid the fraud involving Punjab National Bank, Congress MP Shashi Tharoor has shared a picture on Twitter where he claims that former Prime Minister Lal Bahadur Shastri had taken a Rs 5,000 loan from the public sector bank to buy a Premier Padmini.
Amid the fraud involving Punjab National Bank, Congress MP Shashi Tharoor has shared a picture on Twitter where he claims that former Prime Minister Lal Bahadur Shastri had taken a Rs 5,000 loan from the public sector bank to buy a Premier Padmini.
The anecdote adds that after Shastri unexpectedly died in Tashkent in 1966, the bank approached his wife Lalita Shastri to repay the loan, which she did using her family pension.
Today, the car stands outside the family residence reminding people of an era of a different breed of men.
On February 14 this year, PNB disclosed\that it has detected some fraudulent transactions with financial implication of USD 1.77 billion (about Rs 11,346 crore) and the matter has been referred to law enforcement agencies for the recovery. "Four big jewellers -- Gitanjali, Ginni, Nakshatra and Nirav Modi -- are under scanner. The CBI and Enforcement Directorate is looking at their arrangements with various banks and end use of money," a senior official of a public sector bank told PTI. No immediate comments were available from these companies. There is strict instruction from the finance ministry to all banks that no big fish should go scot free and no honest borrower is harassed, the official said.
Responding to the statement, Nirav Modi in a letter said, "In the anxiety to recover your dues immediately, despite my offer (on February 13, a day before the public announcement, and on 15,) your actions have destroyed my brand and the business and have now restricted your ability to recover all the dues leaving a trail of unpaid debts."
In another case, The CBI has registered an FIR against Rotomac pen promoter Vikram Kothari on the basis of a complaint from Bank of Baroda for allegedly swindling over Rs 800 crore, officials said today.
The agency started searching his residence and offices in Kanpur from early in the morning, they said.
There were no arrests in the case yet, CBI spokesperson Abhishek Dayal categorically said.
He said Kothari, his wife and his son are being examined by the CBI, which is conducting the searches.
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