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ED arrests one in 100 cr PMLA case of Sri Guru Raghavendra Sahakara Bank

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The Enforcement Directorate (ED) has arrested one Rajesh V.R in the case of Sri Guru Raghavendra Sahakara Bank Niyamitha pertaining to mis-appropriation of pubic deposits of more than Rs 1000 crore.

The ED said that Rajesh is the major beneficiary of the fund siphoned off from the bank in connivance with the management of the bank.

“As per the RBI’s Inspection report, he has availed loans of Rs 40.40 crore from the bank and has not repaid the same. It is also noticed during investigation that there are multiple FIRS against Rajesh VR and his wife in case of public frauds committed by them in other cooperative banks/societies also. Hence, they are habitual offenders,” the ED said.

Earlier, an ECIR was lodged by the ED based on the basis of FIR registered
under various sections of IPC and under section 9 of Karnataka Protection of Interest Depositors in Financial Establishments Act, by Bengaluru Police against the Bank and others.

During the investigation under PMLA, it was revealed that the said Bank promised to give a higher interest rate to the depositors which was not in line with the prevailing market rate. The bank officers created fictitious loan accounts and transferred the money to these accounts (without proper scrutiny of the loans) which in turn was transferred to overdue loan accounts for evergreening purposes to show strong financial health of the Bank.

Earlier, the Enforcement Directorate has attached movable and immovable properties belonging to the accused persons valuing to Rs 45.32 crore.

The Principal City Civil and Sessions Judge, Bangalore has granted three days’ ED custody of the arrestee.

Further investigation in the case is in progress.

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Gujarat: 27 Tamil Nadu Pilgrims Stranded On Flooded Causeway Rescued In Overnight Operation In Bhavnagar

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In an overnight operation, 29 persons, including 27 pilgrims from Tamil Nadu and Puducherry, were rescued from a bus that was stranded on a flooded causeway in Gujarat’s Bhavnagar district, officials said on Friday.

The bus got stuck on the raised path on a stream near Koliyak village on Thursday evening, said District Collector RK Mehta, who was at the spot to supervise the rescue operation that went on for nearly eight hours.

“The pilgrims were headed towards Bhavnagar city after visiting Nishkalank Mahadev temple near the village. Due to heavy rains in the region, the causeway on the river was submerged. Despite that, the bus driver decided to cross the river,” said Mehta.

However, due to the force of the water, the front of the bus dipped into the river while the rear remained stuck on the causeway, he said.

During the operation, rescuers reached the site in a mini-truck and transferred all the 27 pilgrims from the bus, its driver and cleaner to the vehicle through the rear window of the bus, he said.

But there was more challenge ahead. The mini-truck carrying the 29 persons also got stranded on the causeway, said Mehta, adding that most of the pilgrims were senior citizens.

“We then sent a large truck and transferred these 29 persons on that vehicle. Around 3 am, after nearly eight hours, all of them were brought to safety. We provided them with accommodation and food in Bhavnagar. We have also conducted their medical tests,” said the collector. 

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Haryana Assembly Elections 2024: Congress Leader Rahul Gandhi To Address Rallies In Assandh & Barwala Constituencies Today

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New Delhi: Top Congress leader Rahul Gandhi is set to campaign for Haryana Assembly elections on Thursday by addressing rallies in Assandh and Barwala constituencies, where the party is expected to project unity within, as the central leadership has managed an uneasy truce among warring leaders.

Who Will Be Joining Congress Leader Rahul Gandhi’s Rally?

Kumari Selja, who has been keeping away from the campaign, will join Rahul’s rally along with her inner-party ally Randeep Surjewala and former Haryana Chief Minister and senior Congress leader Bhupinder Hooda, amid poll managers indicating that the factional war has been impacting the cadre and electioneering.

The temporary truce came after Selja met Congress President Mallikarjun Kharge on Sunday for a long meeting to hear her grievances and on Tuesday on her birthday. Selja has announced her decision to restart her campaign but has minced no words in public about her antipathy towards Hooda.

On Wednesday, she posted on ‘X’ her campaign plans for Thursday, which includes Rahul’s rally and three other public meetings in Tohana and Hisar. Rahul is expected to campaign in Haryana for another three days.

Star Campaigners’ Absence Sparks Concerns In Haryana Elections

Amid questions about the absence of star campaigners Rahul and General Secretary Priyanka Gandhi Vadra in Haryana, a section in the party claimed that they were holding back their top guns for the final push but sources indicated that Rahul was upset with the way electioneering was managed. Incidentally, Rahul was not present at the launch of seven guarantees for Haryana on September 18 though he was in the national capital with sources saying that he was not happy with the way the manifesto is being formulated. He was of the view that there was no process and guarantees were announced prior to the formal launch by state leaders at their whims and fancies. No reason was given for his absence from the launch, which was attended by Kharge.

Rahul was also upset with the way factionalism intensified after candidate selection with Selja keeping off campaign for almost two weeks while Surjewala was restricted to a few pockets.

Before leaving for the US earlier this month, he had asked the leadership to reconvene a Central Election Committee meeting, which had completed its exercise, to address concerns of Selja and Surjewala. He was also not happy with the Hooda camp for not being accommodative.

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‘Waqf Amendment Bill Was Presented To Finish The Board,’ Says AIMIM Chief Asaduddin Owaisi

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'Waqf Amendment Bill Was Presented To Finish The Board,' Says AIMIM Chief Asaduddin Owaisi

Mumbai: Lok Sabha MP and AIMIM chief Asaduddin Owaisi hit out at the BJP over the proposed Wadf Board (Amendment) Act bill, which aims to bring transparency in Waqf administration and property, saying that the bill was presented to finish the Waqf board.

“The Narendra Modi government is not bringing this bill to protect, develop or bring efficiency to the Waqf properties. This bill was presented to finish the Waqf board…”AIMIM chief Asaduddin Owaisi said in a press conference in Mumbai.

‘BJP & RSS Are Spreading False Propaganda,’ Says AIMIM Chief

He further claimed that the BJP and RSS are spreading ‘false propaganda’ against Waqf Board.

“False propaganda is being spread by BJP-RSS that Waqf is a government property instead of private property. The other false propaganda is being spread that the Waqf board has 9,40,000 acre of land. Just like in the Hindu religion, properties are donated, similarly in the Muslim religion, these are donated properties. Why is the government interfering? This is violation of article 26,” Owaisi said.

Further highlighting a clause in the bill, he said, “It is written in it that a practicing Muslim from last 5 years can perform Waqf. What is the meaning of practicing Muslim?- will he be someone who reads Namaz 5 times a day, will have a beard or a skullcap… cap…will his wife be Muslim or non-muslim? Who are they to decide? No such law is there in the Hindu religion…Any Waqf property that is with the government its decision will be made by the Collector, how can collector who is a executive be a judge here?”

Notably, the Parliamentary Committee on the Waqf (Amendment) Bill 2024 will conduct informal discussions in five states with various stakeholders from September 26 to October 1.

These consultations aim to refine the proposed amendments to the Waqf Act, which governs the management of over 600,000 registered Waqf properties across the country.

About The Waqf Act Of 1995

The Waqf Act of 1995, was created to regulate waqf properties, but it has long faced allegations of mismanagement, corruption, and encroachments. The Waqf (Amendment) Bill, 2024, seeks to bring sweeping reforms, introducing digitisation, stricter audits, transparency, and legal mechanisms to reclaim illegally occupied properties.

These consultations will play a vital role in ensuring that the amendments to the Waqf Act are practical, effective, and aligned with the needs of the community. The committee has to submit its report to the Lok Sabha by the last day of the first week of the next parliament session.

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