MSC Bank loan scam: police file FIR against directors

first_imgThe Economic Offences Wing (EOW) of the Mumbai police on Monday registered a first information report (FIR) against directors of the Maharashtra State Cooperative Bank for allegedly disbursing fraudulent loans leading to losses to the tune of crores of rupees. While no one has been named in the FIR yet, the bank’s directors, at the time of the alleged offence, include senior Nationalist Congress Party leaders like Ajit Pawar, Vijaysinh Mohite Patil and Anand Adsul.Joint Commissioner of Police (EOW) Rajvardhan Sinha confirmed that the FIR was registered on Monday. The Bombay High Court (HC), which is hearing a public interest litigation (PIL) regarding the case, had last week directed the EOW to register an FIR in the matter within five days. “We have only mentioned directors of the bank as the accused in the FIR for now, and further action will be based on investigations,” Mr. Sinha said. The FIR has been registered under the relevant sections for cheating and forgery under the Indian Penal Code.The HC issued the directive on a PIL filed by activist Surinder Mohan Arora, who alleged lack of police action on his complaint regarding the fraud.The PIL was filed on the basis of a National Bank for Agriculture and Rural Development inspection report in 2011, which indicated widespread malpractices while granting loans amounting to crores of rupees by the bank to various cooperative sugar factories. The report indicates that the losses caused to the MSC Bank were to the tune of ₹2,061 crore.The HC Bench had last week observed that the report indicates bank records were forged and profits were fraudulently declared, and that non performing asset accounts were kept hidden while sanctioning illegal loans.last_img read more

CWG: India rides on Bharat in hockey semis

first_imgIndia had never won a medal in men’s hockey at the Commonwealth Games. But that has changed now. The hosts capped off a dramatic comeback to beat England 5- 4 in a tie- breaker after the scores were level at 3- 3 in regulation time and extra period in the semi- final.Sardara Singh battles for the ballThey will now take on Australia in the gold medal match after the world champions thrashed New Zealand 6- 2 in their semi- final clash earlier in the day.The Indians showed tremendous resilience and fighting spirit, recovering from 1- 3 down with 15 minutes left. The stands were only two- thirds full at the start but by half- time, there was virtually no seat available.Bharat Chetri emerged the hero, saving Glenn Kirkham’s stroke. All other nine attempts in the tie- breaker found the net.Shivendra Singh sealed the final spot and sent the packed house into delirious joy.In the fast- paced match, India took the lead in the 20th minute following a penalty corner. A variation resulted in the ball reaching Dhananjay Mahadik, whose shot was blocked by England custodian James Fair. But Sarvanjit Singh, who had taken the push, was on hand to slot in the rebound.The European champions wasted a chance to draw level almost immediately, when Rob Moore found Simon Mantell in the striking circle, but the shot went wide with the goal unguarded.India made several forays into rival territory, mostly through the right flank where skipper Rajpal Singh was lively.advertisementEngland, however, regained parity in the final minute of the half with their first penalty corner. As the hooter sounded, Ashley Jackson made no mistake with his low shot to give his team a boost going into the break.It seemed to be the turning point in the match as the visitors needed just six more minutes to go ahead. Jackson found the top corner of the net with his drag- flick off the second penalty corner. Another short corner saw the Englishmen find the target through a variation by Simon Mantell.Sandeep got a chance to reduce the arrears but his drag- flick went wide. But he made amends soon on finding Vikram Pillay in the rival box to deflect in. The crowd found its voice again and with 10 minutes to go, India were level when Sarvanjit took advantage of a goalmouth melee to level scores.The match went into extratime and India completely dominated the first period.The deadlock had to be broken in a tie- breaker. The Indians kept their nerves to set up a shot at glory.last_img read more

London Olympics: Parupalli Kashyap was smart and clever

first_imgThe beauty of this format is that it always gives underdogs a chance. It is like One-day cricket where a team dominating in the beginning holds the advantage. Similarly, in this format of badminton, a lead by few points at the start puts the opposition under real pressure.This is why you see so many upsets these days, unlike in the past when a player had to win service and then score points. Here, a top-rung player cannot breathe easy. If he is pushed behind at the start, he can be shaky and it opens up the game for an underdog.All said and done, gameplan and proper execution are central to an unfancied player’s chances over his rival. The way Parupalli Kashyap played against higherranked Tien Minh Nguyen, it was clear that he has done his homework well. I had said in my earlier column that Kashyap needs to plan his game against Tien Minh, vary his pace, mix his variety of strokes and patiently wait for the defensive Vietnamese to crack.Kashyap did exactly that. He was smart and clever and played a tactical game. Tien Minh is a very defensive player. He likes to retrieve against a faster player. He would return each and every shuttle and wait for the opponent to commit mistakes.Kashyap kept the shuttle low and was not giving enough space to Tien Minh. In the long rallies, he would increase the pace, slow it down and then hit straight that caught his opponent totally off guard.advertisementThe shuttles being used are extremely slow and this should suit the game of someone like Tien Minh. But once Kashyap got off to a good start he played freely, and without any pressure.Now, Kashyap has a god chance of moving into the quarter-finals. He will meet Sri Lankan Niluka Karunaratne in the pre-quarters, whom he beat earlier this year.Karunaratne has often come to train at our academy in Bangalore. He is a physically strong and attacking player. He would be high on confidence after knocking down eighth seed Japanese Kenichi Tago to top Group C. But Kashyap would fancy his chances.Lang Ville of Finland stretched world No.2 Lee Chong to three games in the group stage. If Indonesian Simon Santoso upsets Chong Wei in the prequarters, Kashyap will face the former.Coming to the women’s doubles match of Jwala and Ashwini, it was pleasing to see that the two have started to get their act together.Ashwini was at her attacking best and did a lot of hard work. The Chinese Taipei pair tried to put Jwala under pressure, but she stood up to the challenge. The Indians should be confident when they take on Singapore’s Shinta Mulia Sari and Lei Yao next.(The writer is a two-time national champion and former India coach)last_img read more

Robert Bolick explodes for 26 in debut, leads NorthPort to rout of Blackwater

first_imgSEA Games hosting troubles anger Duterte LOOK: Joyce Pring goes public with engagement to Juancho Triviño MOST READ LOOK: Joyce Pring goes public with engagement to Juancho Triviño Robert Bolick explodes for 26 points in his first PBA game. Photo by Tristan Tamayo/INQUIRER.netRobert Bolick made quite a good first impression in his PBA debut after leading NorthPort’s rout of Blackwater, 117-91, in the 2019 PBA Philippine Cup Wednesday at Smart Araneta Coliseum.Bolick, the second overall pick in last month’s draft, wasted no time in announcing his arrival in the pros, scoring 10 of his game-high 26 points in the first six minutes of the game.ADVERTISEMENT TS Kammuri to enter PAR possibly a day after SEA Games opening SEA Games: Biñan football stadium stands out in preparedness, completion “He (Bolick) really complements the team,” said NorthPort head coach Pido Jarencio in Filipino.“He’s made for the PBA. He’s a winner and coachable, he listens,” Jarencio added.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsThe former San Beda ace hardly missed as he hit 10 of his 12 attempts from the field.Paolo Taha added a career-high 21 points while Sean Anthony and Stanley Pringle, who is coming off his best PBA season where he finished second in the MVP race behind five-time winner June Mar Fajardo, had 19 and 16 points, respectively. Stop being a Christian for a while, Buboy tells Manny Pacquiao Don’t miss out on the latest news and information. LATEST STORIES “We want to surpass out performance in each of the three conferences this season,” said Jarencio, whose squad wound up second to the last in the standings last conference with a 2-9 mark.Another rookie in Abu Tratter, who was the seventh pick by NLEX before being traded to Blackwater along with Paul Desiderio in exchange for talented big man Poy Erram in the offseason, showed out with team-highs 18 points and nine rebounds.Sports Related Videospowered by AdSparcRead Next PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Private companies step in to help SEA Games hosting Is Luis Manzano planning to propose to Jessy Mendiola? SEA Games: Biñan football stadium stands out in preparedness, completion View commentslast_img read more

Sealdah flyover to remain shut for 4 days

first_imgKolkata: Traffic movement on Sealdah flyover will be suspended from August 15 evening to August 18 evening for the purpose of load capacity test of the flyover. During this period, the Kolkata Police has made an elaborate arrangement to divert the vehicular movement through various stretches.However, senior traffic police officials admitted that during the four days closure of Sealdah flyover, some of the stretches in the city may face traffic congestion and thus, people have been requested to plan their journey with sufficient time in hand. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaAccording to Kolkata Police, during these four days, the stretch on the flyover between M G Road Crossing and Beliaghata Main Road Crossing will be closed. Vehicular movement on Sealdah flyover, North to South, and vice versa will be suspended from 6 pm on August 15. As a result, tram services along Acharya Prafulla Chandra Road, M G Road, Bidhan Sarani and Lenin Sarani will be suspended or restricted. As the Beliaghata Main Road will be open, passengers coming from South Kolkata will not have to face any difficulty to reach Sealdah railway station. Those coming from North Kolkata will have to avail M G Road, Amherst Street, B B Ganguly Street to reach Koley Market. From there, they have to take a left turn and move along the road under Sealdah flyover in order to reach the railway station. In another arrangement, vehicles going to Sealdah railway station will be diverted from Rajabazar Crossing to avail Narkeldanga Main Road, Canal East Road and Beliaghata Main Road. Also Read – Bengal civic volunteer dies in road mishap on national highwaySouth-bound vehicles will be diverted through M G Road and Amherst Street and Lenin Sarani in order to reach Moulali Crossing. If the pressure of traffic increases at any point of time, traffic may get diverted from Maniktala Crossing to Amherst Street and from Shyambazar Crossing to Bhupen Bose Avenue and C R Avenue. The North-bound vehicles will be diverted using S N Banerjee Road via Janbazar/Esplanade, Dorina Crossing, Central Avenue and Colootola Street in order to reach APC Road in Sealdah. The buses will also follow the same routes except those which originate and terminate in and around Sealdah. Buses from few routes which come along the AJC Bose Road and usually terminate at Rajabazar will be stopped in and around NRS Medical College and Hospital. Buses from routes which terminate at Sealdah railway station area will be diverted to APC Road and will be terminated near Rajabazar. The South-bound heavy goods vehicles such as container trailers and others will be diverted from Shyambazar to Bhupen Bose Avenue to avail C R Avenue. South-bound medium and light goods vehicles will be allowed to move along the APC Road till Maniktala. From there, those will be diverted to Vivekananda Road and Girish Park to avail C R Avenue. Kolkata Police has also informed that during the four days of closure of Sealdah flyover, traffic movement along Amherst Street, BB Ganguly Street, College Street, N C Street, S N Banerjee Road, Creek Row and Rafi Ahmed Kidwai Road will be one way round-the-clock. Also ‘No Parking’ restriction will be imposed on these roads during the period of the closure. Apart from these restrictions, vehicular traffic may also be diverted from any arterial and feeder roads if necessary by the traffic officials.last_img read more