424

BJP Leader’s Son Arrested In PMC Bank Scam

New Delhi: One of the directors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank, Rajneet Singh, son of ex-BJP MLA Sardar Tara Singh, was on Saturday arrested by the Mumbai Police's Economic Offences Wing (EOW), an official said. Rajneet was taken into custody in the evening at the EOW office, as investigators found his replies on the loan granted to the realty group HDIL, which has failed to repay, unsatisfactory and unconvincing, according to the official. Besides being a director, Rajneet is a member of the loan recovery committee of the bank, he said.

Rajneet was questioned over the loan provided by the bank to HDIL group companies and the steps taken, if any, to recover the pending dues, the official added. "Rajneet provided unsatisfactory and unconvincing explanations, which hints at his likely role in the scam," he said, adding that Rajneet will be produced before a holiday court and his police remand will be sought.

423

The New Alliance In Maharashtra To Stake Claim For Forming Govt

New Delhi: The newly formed Mahayuti (grand alliance) is set to claim government formation in Maharashtra after Congress president Sonia Gandhi and NCP supremo Sharad Pawar's meeting, which is scheduled on Monday. Meanwhile, Shiv Sena has also hardened its stand and has decided to not attend the NDA meeting on Sunday. The sitting arrangements of the Sena has also changed in the Parliament as the party, which was once a key ally of NDA, would now sit in the opposition side.

According to party insiders, both the leaders would discuss about the alliance with newly entrant Shiv Sena. Allies Congress and NCP have already worked out a common minimum programme (CMP) with the Sena for the government. Sources in the Congress and NCP said the draft CMP and allocation of portfolios between the three parties will be discussed in the meeting. The Shiv Sena, NCP and Congress are busy discussing the nitty-gritty of government formation in the state which is under President's rule since November 12 after the BJP-Sena alliance fell apart over the issue of sharing of chief minister's post.

422

Facing Insolvency Process, Debt Ridden RCom Director Anil Ambani, Others Resigns

New Delhi: Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process, according to a regulatory filing. The chief financial officer of the debt-ridden company Manikantan V has also resigned, the filing said. "Shri Anil D Ambani, Smt. Chhaya Virani, Smt. Manjari Kacker have tendered their resignation as Director of Company on November 15th, 2019," the filing said.

Ryna Karani and Suresh Rangachar tendered their resignations on November 14 and November 13, 2019 respectively. The development comes a day after RCom posted a consolidated loss of Rs 30,142 crore for July-September 2019 due to provisioning for liabilities after the Supreme Court ruling on statutory dues. This was the second highest loss posted by any Indian corporate till date. Ambani was once in the world's top 10 rich persons list but now the company is struggling to even sell assets for the recovery of dues.

410

Jaishankar Says Relationship With Pakistan Remains Difficult As It Openly Practices Terrorism Against India

New Delhi: External Affairs Minister S Jaishankar said the relationship with Pakistan remains “difficult” because it openly practices terrorism against India, and if Islamabad is serious to cooperate with New Delhi, it should hand over the Indians wanted for terrorist activities living in Pakistan.

In a wide-ranging interview with French daily Le Monde, the minister said Pakistan does not deny sending terrorists to India.

“The relationship is difficult since many years, mainly because Pakistan has developed an important terrorist industry and sends terrorists to India to carry out attacks. Pakistan itself does not deny this situation,” he said, in response to a question about Pakistan Foreign Minister Shah Mahmood Qureshi’s recent statement that relations with India are “close to zero”.

409

Amit Shah Asks Paramilitary Forces To Carry Out Effective And Decisive Campaign Against Left Wing Extremism

New Delhi: Union home minister Amit Shah, on his maiden visit to the CRPF headquarters on Friday, asked the force to carry out an effective and decisive campaign against left wing extremism (LWE) in the next six months while stressing that “action needs to be taken against urban Naxals and their facilitators”.

The NDA government led by Prime Minister Narendra Modi has repeatedly stressed that social activists who act as ‘Maoist sympathisers’ won’t be spared. In August 2018, the Pune police had arrested five persons from different cities including Varavara Rao, Sudha Bhardwaj, Gautam Navlakha, Vernon Gonsalves and Arun Ferreira in connection with a probe in the Bhima-Koregaon riots in January 2018. They were termed as ‘top urban Naxals’.