PNB Fraud- Modi’s broom cleaning up UPA’s mess, says BJP:
Earlier Union minister Jayant Sinha said Prime Minister Narendra Modi’s “broom” was cleaning up the UPA government’s mess. He made the remarks while referring to the over Rs 11000-crore PNB fraud case.
Efforts are on to bring the guilty back to the country, like the agencies are doing in the case of Vijay Mallya, he said. Referring to the Nirav Modi and Mehul Choksi scam, known to be one of the biggest scams among all. The Congress government which is presently blaming towards PM Modi for this scam, it is a mess created by their own Congress government in Karnataka which is cleaned by the central government now.
One of the absconders in the Punjab National Bank (PNB) fraud, Mehul Choksi, was under the scanner of the Mumbai Income Tax Department (Investigation) in 2012 as well. He was charged under duty violations while importing huge quantities of gold and diamond items.
According to replies received under RTI in 2012, from the Mumbai Customs Department by activist Manoranjan S. Roy, huge quantities of gold were imported by major Indian companies and many had not paid duty that year.
Talking about the present fresh scam, as part of the investigation into the business dealings of Nirav Modi and Mehul Choksi, Digvijay Sinh Jadeja, a Gujarat-based businessman who had invested in Mehul Choksi’s business has reported of cheating.
Mr Jadeja narrated how he had invested gold worth Rs 35 crores with Mehul Choksi and was to earn a rate of interest on the same but only did so for the first couple of months. Mr Jadeja put forth the startling series of events that followed.
As part of the Alpha Files investigation into the business dealings of Mehul Choksi and Nirav Modi, Republic TV spoke to Digvijay Sinh Jadeja, a businessman who had invested with Choksi, MD of Gitanjali Gems. Mr Jadeja narrated how he had invested 106 kg of Gold, worth Rs 35 lakh at the time, based on the overtures of Mehul Choksi’s business development team in 2010. The owner of multiple outlets, Mr Jadeja was promised an annual interest at a rate of 12% on the gold he had invested, to be paid on a monthly basis, but was only paid in the initial months.
He said, he repeatedly requested Choksi over the next year, receiving “sugar-coated” treatment and got several promises that he would get his returns. He claims he was introduced to Nirav Modi over a lunch with Mehul Choksi. However, despite everything, the returns he was promised never materialized, leading him to believe he was being cheated.
As per Mr Jadeja, in August 2014, he initiated legal proceedings against Mehul Choksi, whom he says has “cheated” in a number of ways, not limited to the bank fraud. Furthermore, Mr Jadeja says many many more people were similarly ‘duped’.
Mr Jadeja also alleged Choksi threatened to entrap him in a false case if he made any further demands for a return of his gold bars.
Among the companies named by Mumbai Customs Department were Choksi’s group businesses- Gitanjali Gems Ltd, which imported 750 kg of gold items, Gitanjali Jewellery Ltd imported 171 kg and Gili India Ltd imported 182 kg and 134 pieces (implying gold articles)- all allegedly without paying a single rupee as a duty. The total gold and diamonds imported by Choksi’s companies came to 1,103 kg that year. It was allegedly cleared by the Customs department without paying any duty.
Choksi is an uncle of diamond and jewellery trader Nirav Modi, who has reportedly fled from India with his wife after being linked to a huge financial scam involving the Punjab National Bank.
There were more stunning revelations in the Mumbai Customs RTI replies. “Their records show nearly three dozen top Indian diamond and gold jewellery companies who have imported more than 75 tonnes – exact figures are 75,724.54 kg of gold and diamond items in 2012. No duty was paid by any of these companies on this massive quantity,” said Roy.
Source: Republic World