NEW DELHI: A WhatsApp message about Videocon Industries chairman and managing director Venugopal Dhoot fleeing the rustic set the alarm bells ringing within the government. An respectable even called up the company to test Dhoot’s whereabouts, however was once relieved after being instructed that he was once within the country.
“I have now not been out of the country for almost 3 years and It's not that i am going anyplace,” Dhoot instructed TOI over the telephone on Thursday as he sought to douse rumours on social media about him leaving the rustic. Videocon, which has loans of over Rs 25,000 crore, is on the second one listing of companies known through the RBI, that are going through insolvency action. A few days in the past, studies of a mortgage defaulter leaving the rustic had induced intelligence businesses to name officers on a Sunday to dig out information about the company’s promoters and observe them.
Also learn: CBI recordsdata recent case in opposition to Nirav Modi for cheating PNB of Rs 321 crore through availing packing credit
The Narendra Modi government, which had loved a blank observe document since sweeping to energy in May 2014, is going through power over the Rs 12,600-crore fraud at Punjab National Bank involving diamond barons Nirav Modi and Mehul Choksi, who have fled the rustic and are refusing to go back to stand the regulation.
The scandal has caused a chain of steps, together with a new legislation to confiscate belongings of those that have fled the rustic and are evading arrest. Bankers are nervous and are filing proceedings with investigative businesses on instructions from the finance ministry, which has asked them to scan all mortgage default cases of over Rs 50 crore to test for fraud. “If they don’t document a complaint inside a fortnight, the management might be responsible,” said a source, indicating that the government is eager to avoid any blame and desires to ensure that mortgage defaulters don't flee the rustic to avoid going through the regulation. CBI has dug out old proceedings and is accommodation proceedings now.
The government is busy seeking to plug gaps. There are plans, such as sharing of details of mortgage defaulters with government manning emigration counters to prevent them from leaving the rustic. Banks are also being recommended to transform bureaucracy so that passport details are readily to be had for loans above Rs 50 crore.
Multiple businesses — from CBI and source of revenue tax department to Enforcement Directorate, critical frauds workplace and, in some cases, the directorate of revenue intelligence and customs government — are being roped in for “complete investigation” every time a complaint is won.
These businesses are resorting to seizing of belongings and documents, with some officers complaining of critical overlap. “Another agency has seized documents that we have been in search of. So, investigations are also going to take time,” said an respectable.
“I have now not been out of the country for almost 3 years and It's not that i am going anyplace,” Dhoot instructed TOI over the telephone on Thursday as he sought to douse rumours on social media about him leaving the rustic. Videocon, which has loans of over Rs 25,000 crore, is on the second one listing of companies known through the RBI, that are going through insolvency action. A few days in the past, studies of a mortgage defaulter leaving the rustic had induced intelligence businesses to name officers on a Sunday to dig out information about the company’s promoters and observe them.
Also learn: CBI recordsdata recent case in opposition to Nirav Modi for cheating PNB of Rs 321 crore through availing packing credit
The Narendra Modi government, which had loved a blank observe document since sweeping to energy in May 2014, is going through power over the Rs 12,600-crore fraud at Punjab National Bank involving diamond barons Nirav Modi and Mehul Choksi, who have fled the rustic and are refusing to go back to stand the regulation.
The scandal has caused a chain of steps, together with a new legislation to confiscate belongings of those that have fled the rustic and are evading arrest. Bankers are nervous and are filing proceedings with investigative businesses on instructions from the finance ministry, which has asked them to scan all mortgage default cases of over Rs 50 crore to test for fraud. “If they don’t document a complaint inside a fortnight, the management might be responsible,” said a source, indicating that the government is eager to avoid any blame and desires to ensure that mortgage defaulters don't flee the rustic to avoid going through the regulation. CBI has dug out old proceedings and is accommodation proceedings now.
The government is busy seeking to plug gaps. There are plans, such as sharing of details of mortgage defaulters with government manning emigration counters to prevent them from leaving the rustic. Banks are also being recommended to transform bureaucracy so that passport details are readily to be had for loans above Rs 50 crore.
Multiple businesses — from CBI and source of revenue tax department to Enforcement Directorate, critical frauds workplace and, in some cases, the directorate of revenue intelligence and customs government — are being roped in for “complete investigation” every time a complaint is won.
These businesses are resorting to seizing of belongings and documents, with some officers complaining of critical overlap. “Another agency has seized documents that we have been in search of. So, investigations are also going to take time,” said an respectable.
After PNB fraud, govt on guard against defaulters
![After PNB fraud, govt on guard against defaulters]()
Reviewed by Kailash
on
March 09, 2018
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