The Great Indian Political Drama - 1 (Oct 2017 - Mar 2018)

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Trilobite
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Re: The Great Indian Political Drama - Oct 2017

Post by Trilobite » Thu Feb 15, 2018 2:15 am

BJP MLA says CM Trivendra Rawat shielding corrupt
Fresh trouble is brewing in the ruling BJP in Uttarakhand with a four-term legislator accusing chief minister Trivendra Singh Rawat of protecting the corrupt at the behest of a ‘powerful cabinet minister.”

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Re: The Great Indian Political Drama - Oct 2017

Post by chetak » Thu Feb 15, 2018 5:08 am

Maldives issues hands-off warning to India

Maldives issues hands-off warning to India

By Ramananda Sengupta, 15th February 2018,


NEW DELHI: The Maldives Defence Minister Adam Shareef Umar has warned that any talk of Indian military intervention would adversely impact bilateral relations.

In an interview to a TV channel Wednesday, Umar said any talk of military intervention “...could affect the respect Maldivians have for their neighbours. Or the respect Indians have for us. It could affect Indian investments coming in to the Maldives. It is possible that there may be some difficulties facing Indian businessmen when visiting the Maldives or for Maldivians when travelling to India.”

Hours earlier, a statement released by the Ministry of Defence and National Security noted “with concern” that “calls for and encouragement of Indian military intervention and military action have been made by some Maldivians. Indian news media have been reporting on such calls, as well as speculations made by politicians and non-political personnel alike.”

Related Article
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Former President Mohamed Nasheed and some other Opposition leaders have repeatedly urged India to intervene militarily. These came after President Abdulla Yameen Abdul Gayoom rejected a Supreme Court ruling that overturned terror convictions against nine Opposition leaders and reinstated a dozen MPs disqualified for joining the Opposition.

Condemning such calls for intervention as “a threat to the nation’s independence and national security”, the statement said they were intended to “cast doubt on the excellent relationship India and Maldives have enjoyed for decades”.

Asserting that it “firmly believes that India would not act on any such calls”, it went on to note that at “no time has the government of Maldives requested any foreign country for military intervention in the Maldives, and that there is no threat to Maldives from being invaded by foreign military....”

The “rather rude” snub by the Maldives Defence Ministry, as an Indian security establishment official termed it, “will not be easily digested.”

Not only do India and the Maldives have a separate bilateral defence cooperation treaty signed in 2009, the two defence establishments have been particularly close. The Indian Navy patrols Maldivian waters and flies Dornier sorties in its skies. The chief of defence staff of the Maldivian National Defence Forces, Major General Ahmed Shiyam, is an alumnus of the National Defence College in New Delhi.

Shiyam was also the reviewing officer for the passing-out parade of the cadets of the Officers’ Training Academy in Chennai in March 2014. He was appointed not by Yameen, but by his predecessor, Mohammed Waheed.

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Re: The Great Indian Political Drama - Oct 2017

Post by Sicanta » Thu Feb 15, 2018 7:20 am

Nirav modi too escapes, after maalya. Now indeed the fraud was being perpetrated since 2011, but these individuals escaping does not show Govt in good light.

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Re: The Great Indian Political Drama - Oct 2017

Post by Sachin » Thu Feb 15, 2018 7:36 am

What is happening on the disqualification of the AAP MLAs by the courts? Naturally they would get chucked out of the state assembly, and fresh elections needs to be called for? But nothing is getting discussed on this issue at all!
Sicanta wrote:
Thu Feb 15, 2018 7:20 am
Nirav modi too escapes, after maalya. Now indeed the fraud was being perpetrated since 2011, but these individuals escaping does not show Govt in good light.
Off course, it is better for the GoI to come up with a fact statement right away! Listing; its understanding of the issue; the time line involved; and what can be practically done from this point on wards. When we say "individuals escaping", we need to also check if GoI at this moment did have any ways to stop the individual from fleeing. For example, this chap may already have left the country 6 months back (before the scam got exposed). And now CBI getting involved and issuing a "Red Corner" or "Look out" notice to airports etc, will make no difference. The process is a bit cumbersome, and there would be delays.

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Re: The Great Indian Political Drama - Oct 2017

Post by MehtaRahulC » Thu Feb 15, 2018 8:30 am

Nirav Modi who had cheated Indian bank by some Rs 11000 crore has fled India , some 2 weeks ago !!

Yesterday when I read about PNB scam, and when I came to know that much of the scam happened in 2011, I had cursed MMS/SoGa and congress workers on my FB wall for taking bribes from Nirav Modi and rob PNB. badaa scam ho, aur rishvatkhori kaa allegation na ho to, maja nahi aataa (if there is a mega scam and no allegation of corruption, then I see no fun) :lol:

Guess which leader of India and which party's workers did curse for bribery for letting him flee India? :lol:

Ditto in same of Mallaya. I had accused SoGa/MMS and congress workers of taking bribes from Mallaya and let him take all loans. Later, CBI director had ordered case officer to downgrade lookout notice from "arrest if he tries to leave India" to "onlee inform us if he tries to leave India". And within 2 hours after notice was downgraded, Mallaya was in flight to UK !!! Guess which leader and which party workers did I accuse of taking bribes from Mallaya for downgrading the look out notice? :lol:

There is a tragedy that we are being looted and looted with no end visible. Allegation of bribery atleast give us a comic reliefs. I have never used curse words even when I was in school/college/hostel !! But I do love to make bribery allegations !!! When a mega scam happens, make allegation of bribery first. As per truth, we have lived in post truth world since 5000 BC and thats how things will go for next century at least.

Whom would YOU accuse of bribery for letting Nirav Modi flee? Had it been congress govt, I bet you would have immidiately accused SoGa/MMS of taking bribes and also thrown many adjectives like queen mafia etc etc. I do want to know whom you all accuse for leting Mallaya, Nirav Modiji etc escape out of India. I know that some people still accuse congress of wrongs that happen in today's CBI .

========
.
Solution I propose is to print laws that will hand over these cases of large frauds and corruption to Jurors , where size will be (N = 12 + number of crores frauded) with cap of 1500. And Jurors can order narcotest in public over fradsaters and officers if they see necessary. But we can worry about solutions later.

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Re: The Great Indian Political Drama - Oct 2017

Post by Indrad » Thu Feb 15, 2018 10:13 am

Sicanta wrote:
Thu Feb 15, 2018 7:20 am
Nirav modi too escapes, after maalya. Now indeed the fraud was being perpetrated since 2011, but these individuals escaping does not show Govt in good light.
curiously there was a brief news on BBC yesterday ;Indian govt asks Pierce brosnan to explain why he appeared in pan masala ad of India. This when we are struggling to get our own people back like malya & lalit modi.
And now this jeweller...! Govt shd be knowing defaulters of this magnitude and prohibitory orders issued in advance.
What ever be the excuse 'na khane doonga' is in tatters.

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Re: The Great Indian Political Drama - Oct 2017

Post by Aditya_V » Thu Feb 15, 2018 10:52 am

True letting Mallya Quereshi and Nirav Modi is a huge blow.

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Re: The Great Indian Political Drama - Oct 2017

Post by Primus » Thu Feb 15, 2018 11:53 am

Misra wrote:
Thu Feb 15, 2018 12:13 am
Primus wrote:
Wed Jan 31, 2018 12:26 pm
Misra wrote:
Wed Jan 31, 2018 11:45 am
certain life processes remain active for a considerable period of time after ‘clinical’ death. which is why one can notice hair/nails continuing to grow even after death. indian death rites were designed based on a solid understanding about the nature of life. ..............
No, that is not true. There are no 'life processes' that go on after the heart stops beating. Yes, while it beats and there is circulation of blood and the body is kept alive with artificial ventilation as in the case of brain death certain systems can keep working, but the definition of brain death is when brain activity is absent and the body cannot breath on its own, one of the tests (apart from EEGs etc) that determines this is the 'apnea test' meaning once the ventilator is disconnected the respirations stop as the body cannot breathe on its own.

Once breathing and circulation stop (i.e. essentially when the heart stops), all life processes come to a halt within minutes. Nails and hair do not grow, that is a myth, what happens is that the skin and tissues contract giving a false appearance of growth.
from a report in BBC yesterday :oops:

Genes remain active after death

samples were collected up to 24 hrs after death

this should be moved to the yoga thread
We are splitting hairs here.

Genes are microcellular particles and not strictly speaking, 'life processes' which are understood to be features that are recognizable at the bedside by anybody. The brain may remain alive for up to 3 minutes or so after the heart stops beating, other organs take longer to completely 'die' at a cellular level. So technically you can harvest certain organs for up to several hours later, for example livers can be harvested up to 24 hrs later, the cells within are still considered viable. Other tissues such as heart valves, which do not depend upon an intact circulation, can be transplanted months or years later. These cannot be considered 'life processes'.

Anyway, agree, OT for this thread.

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Re: The Great Indian Political Drama - Oct 2017

Post by chetak » Thu Feb 15, 2018 1:21 pm

twitter
Tishtriyā‏ @tishtriya

So, the Hyderabad HC stayed the TTD order on non-Hindu staff. Hindu majority nation, and one of our most famous temples doesn't even have the freedom and authority to decide which staff to employ.
Hail the secular state and the secular judiciary.

9:58 PM - 14 Feb 2018

Sachin
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Re: The Great Indian Political Drama - Oct 2017

Post by Sachin » Thu Feb 15, 2018 1:31 pm

^^ Is the judgement order available online? Would really like to know on on what legal basis the Hon. HC reached this conclusion.

Found a report which is slightly detailed, but from the Chindu.
TTD restrained from removing employees
From what I gleaned from this report.
1. The order is a "stay" order, which stops TTD authorities from taking further steps like dismissal. But the court has allowed non-Hindu employees to be removed from any duties directly associated with the temple.
2. Looks like TTD runs many establishments (not in the temple premises) and had recruited people cutting across religious lines (and knowing that the candidates were non-Hindus).
3. The TTD would have to put up further evidence, and the case would be heard next Monday.

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Re: The Great Indian Political Drama - Oct 2017

Post by hanumadu » Thu Feb 15, 2018 2:12 pm

Sicanta wrote:
Thu Feb 15, 2018 7:20 am
Nirav modi too escapes, after maalya. Now indeed the fraud was being perpetrated since 2011, but these individuals escaping does not show Govt in good light.
The fraud was detected on January 3rd by PNB and FIR launched late January. My guess is someone in PNB alerted them and they fled. There was little scope for govt to act.

The LOUs that were due on 25 Jan 2018 worth 280 crores were all issued between 9th feb and 14th feb of 2017. So it was less than a year to mature.
So how the LOUs issued since 2011 went undetected so far if they were not getting repaid? Right now the exact amount of scam is not yet clear but very likely its a huge amount and probably all 11,000 crores or PNB would have downplayed it or controlled the damage.

TOI says 5100 crore worth of property, daimonds and golds have been confiscated. There were earlier reports that 1100 cr worth property (house and office buildings) were recovered. I am more willing to trust the valuation of the real estate property, not so much the daimonds and gold.

The systemic deficiencies in this case are mind boggling. How can a single branch issue 11,000 crore or loans to a single entity over many years and not get detected and classified as NPA if not getting paid on time?

Many more questions are being raised about how the banking software even allowed such transactions, how they did not get detected, failure of audit and risk management.

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Re: The Great Indian Political Drama - Oct 2017

Post by hanumadu » Thu Feb 15, 2018 2:14 pm

The govt should create a hit squad for those who think they can steal from India and escape outside with billions of dollars. A few corpses of near and dear ones and they will come running back to India.

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Re: The Great Indian Political Drama - Oct 2017

Post by MehtaRahulC » Thu Feb 15, 2018 2:20 pm

hanumadu wrote:
Thu Feb 15, 2018 2:14 pm
The govt should create a hit squad for those who think they can steal from India and escape outside with billions of dollars. A few corpses of near and dear ones and they will come running back to India.
Do forum rules allow call for illegal violence?

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Re: The Great Indian Political Drama - Oct 2017

Post by hanumadu » Thu Feb 15, 2018 2:44 pm

Modus Operandi of Nirav Modi.

Image
Image

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Re: The Great Indian Political Drama - Oct 2017

Post by shravanp » Thu Feb 15, 2018 3:10 pm

Sachin wrote:
Thu Feb 15, 2018 7:36 am
What is happening on the disqualification of the AAP MLAs by the courts? Naturally they would get chucked out of the state assembly, and fresh elections needs to be called for? But nothing is getting discussed on this issue at all!
Sicanta wrote:
Thu Feb 15, 2018 7:20 am
Nirav modi too escapes, after maalya. Now indeed the fraud was being perpetrated since 2011, but these individuals escaping does not show Govt in good light.
Off course, it is better for the GoI to come up with a fact statement right away! Listing; its understanding of the issue; the time line involved; and what can be practically done from this point on wards. When we say "individuals escaping", we need to also check if GoI at this moment did have any ways to stop the individual from fleeing. For example, this chap may already have left the country 6 months back (before the scam got exposed). And now CBI getting involved and issuing a "Red Corner" or "Look out" notice to airports etc, will make no difference. The process is a bit cumbersome, and there would be delays.

I think the FinMinistry is heavily bugged and fill of moles loyal to Chidu. Thats the only plausible reason why the crooks leave just BEFORE the FIR gets filed. Read on twitter that Mallya right before exiting bribed a baboon to get the lookout notification on airports to be degraded from 'stop' to 'can go but notify'.

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Re: The Great Indian Political Drama - Oct 2017

Post by Supratik » Thu Feb 15, 2018 3:43 pm

It shows that there are moles passing on info from the C-system.

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Re: The Great Indian Political Drama - Oct 2017

Post by hanumadu » Thu Feb 15, 2018 3:45 pm

http://www.livemint.com/Industry/Yegzga ... ost-R.html
How did the PNB fraud come to light?

PNB says that on 16 January the accused firms presented a set of import documents to the Mumbai branch and requested buyers’ credit to pay overseas suppliers. Since they had no pre-arranged credit limit, the branch official asked the companies to put down the full amount as collateral so the bank could issue LoUs to authorize the credit.

When the firms argued that they had used such facilities in the past without keeping any money on margin, PNB scanned through records and found no trace of any transactions, according to the bank’s account.

It then found that two junior employees had issued LoUs on the SWIFT interbank messaging system without entering the transactions on the bank’s own system. Such transactions went on for years without detection, PNB said.

Banking sources have said in some banks the SWIFT system, which is used for international transactions, and the core banking system work independently of each other. In PNB’s case, it said the outstanding LoUs were not available on its core banking system run on Infosys’s Finacle software, thus the LoUs issued went undetected.
The credit was taken from the foreign banks using PNB's LOUs, so the repayments must also have been made to the foreign banks if any. That explains why there were no transactions in the bank's system.

Since the LOUs seem to mature in one year, how come the foreign banks that issued the credit did not claim their money from PNB if they were not being paid on time. The one year duration for repayment itself seems to be excessive. RBI guidelines says only 90 days, so its fraudulent on behalf of the foreign banks too to ignore than rule and honor LOUs that don't mature for 1 year. So PNB has to collate all LOUs and ascertain their repayment status from all foreign banks to determine the extent of the hit.

Added Later: But then again, its been more than a month since the fraud was detected. Enough time to figure out the loss. But it could also be that they approached PNB for fresh LOUs to repay last years LOUs which were about to mature on Jan 25. So there is hope that they were repaying previous loans.


Hoping against hope that the hit is much lesser than 11,000 crore.

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Re: The Great Indian Political Drama - Oct 2017

Post by Trilobite » Thu Feb 15, 2018 3:56 pm

Either that or there are corrupt people in BJP too, which of course is equally likely. At the end of the day the govt. of the day gets the blame, at least some of it.

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Re: The Great Indian Political Drama - Oct 2017

Post by shravanp » Thu Feb 15, 2018 3:58 pm

Supratik wrote:
Thu Feb 15, 2018 3:43 pm
It shows that there are moles passing on info from the C-system.
The only way out of this is by instilling fear and push baboons into submission. Suspending them or removing them from jobs won't do anything. Something more harsh is needed.

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Re: The Great Indian Political Drama - Oct 2017

Post by hanumadu » Thu Feb 15, 2018 4:16 pm

Trilobite wrote:
Thu Feb 15, 2018 3:56 pm
Either that or there are corrupt people in BJP too, which of course is equally likely. At the end of the day the govt. of the day gets the blame, at least some of it.
Good. At least you no longer pretend to be a BJP supporter.

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Re: The Great Indian Political Drama - Oct 2017

Post by Sicanta » Thu Feb 15, 2018 4:48 pm

hanumadu wrote:
Thu Feb 15, 2018 3:45 pm
http://www.livemint.com/Industry/Yegzga ... ost-R.html
How did the PNB fraud come to light?

PNB says that on 16 January the accused firms presented a set of import documents to the Mumbai branch and requested buyers’ credit to pay overseas suppliers. Since they had no pre-arranged credit limit, the branch official asked the companies to put down the full amount as collateral so the bank could issue LoUs to authorize the credit.

When the firms argued that they had used such facilities in the past without keeping any money on margin, PNB scanned through records and found no trace of any transactions, according to the bank’s account.

It then found that two junior employees had issued LoUs on the SWIFT interbank messaging system without entering the transactions on the bank’s own system. Such transactions went on for years without detection, PNB said.

Banking sources have said in some banks the SWIFT system, which is used for international transactions, and the core banking system work independently of each other. In PNB’s case, it said the outstanding LoUs were not available on its core banking system run on Infosys’s Finacle software, thus the LoUs issued went undetected.
The credit was taken from the foreign banks using PNB's LOUs, so the repayments must also have been made to the foreign banks if any. That explains why there were no transactions in the bank's system.

Since the LOUs seem to mature in one year, how come the foreign banks that issued the credit did not claim their money from PNB if they were not being paid on time. The one year duration for repayment itself seems to be excessive. RBI guidelines says only 90 days, so its fraudulent on behalf of the foreign banks too to ignore than rule and honor LOUs that don't mature for 1 year. So PNB has to collate all LOUs and ascertain their repayment status from all foreign banks to determine the extent of the hit.

Added Later: But then again, its been more than a month since the fraud was detected. Enough time to figure out the loss. But it could also be that they approached PNB for fresh LOUs to repay last years LOUs which were about to mature on Jan 25. So there is hope that they were repaying previous loans.


Hoping against hope that the hit is much lesser than 11,000 crore.
But the buyers credit is not made directly to party. It is sent to pnbs nostro account and then extended to Nora and associates? So how could pnb miss the large amts being deposited by other banks with them for what purpose and then being siphoned off? Even if one takes pnbs contention into account that swift is operated separately from finale, nostro too was not being monitored?

Supratik
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Re: The Great Indian Political Drama - Oct 2017

Post by Supratik » Thu Feb 15, 2018 4:51 pm

Ok saw some details on the Nirav Modi. It seems PNB detected the fraud only in early Jan, 2018. Junior level bank officials were involved. It is unlikely that politicians will know what is happening in a local bank although political pressure during UPA era to extend loan cannot be ruled out.

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Re: The Great Indian Political Drama - Oct 2017

Post by Trilobite » Thu Feb 15, 2018 4:52 pm

shravanp wrote:
Thu Feb 15, 2018 3:58 pm

The only way out of this is by instilling fear and push baboons into submission. Suspending them or removing them from jobs won't do anything. Something more harsh is needed.
That is a bad idea. What we need is opposite of what you are saying. We need them to be independent and work for India rather than be subservient.

If our law administration, CBI, Police, Judiciary were completely independent, as they are supposed to be, we would a completely different nation.

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Re: The Great Indian Political Drama - Oct 2017

Post by Supratik » Thu Feb 15, 2018 4:55 pm

The Congress is looking for a chor to level the playing field. Shows how low it has slunk.

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Re: The Great Indian Political Drama - Oct 2017

Post by Sicanta » Thu Feb 15, 2018 5:03 pm

Trilobite wrote:
Thu Feb 15, 2018 4:52 pm
shravanp wrote:
Thu Feb 15, 2018 3:58 pm

The only way out of this is by instilling fear and push baboons into submission. Suspending them or removing them from jobs won't do anything. Something more harsh is needed.
That is a bad idea. What we need is opposite of what you are saying. We need them to be independent and work for India rather than be subservient.

If our law administration, CBI, Police, Judiciary were completely independent, as they are supposed to be, we would a completely different nation.
What we need is a thorough clean up. Enough incompetent/corrupt/ ill-motivated individuals sitting at critical position still.

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