THURSDAY www.thestatesman.com 01 MARCH 2018 FIND US ONLINE Scan this with your smartphone twitter.com/TheStatesmanLtd facebook.com/thestatesman1875 Pages 16+4 |` 3|LC KOLKATA | NEW DELHI | SILIGURI | BHUBANESWAR DAVINDER KANG FLUNKS DOPE TEST ‘KUSHNER'S ACCESS TO TOP SECRETS WITHDRAWN’ P15 P12 WEATHER Mainly clear sky. Maximum and minimum temperatures likely to be around 31 and 16 degrees Celsius respectively. RAINFALL: Nil RELATIVE HUMIDITY Max.96% Min. 37% Max: 30.7°C (+5) SUN RISES 06:45 hrs MOON RISES 17.45 hrs Min: 15.4°C (+3) SUN SETS 18:21 hrs MOON SETS 06:58 hrs TEMPERATURE CBI arrests Karti in INX Media case Vendetta, says Cong; PC's son remanded in 1-day custody SNS THUMBNAILS NEW DELHI, 28 FEBRUARY Aircel files for bankruptcy: Aircel said it has filed for bankruptcy as the company has been facing “troubled times” in “highly financially stressed” industry. The company said intense competition following the disruptive entry of a new player, legal and regulatory challenges, high level of unsustainable debt and increased losses had together caused significant “negaP11 tive business and reputational impact” . SBI revises deposit rates: The State Bank of India has revised retail and bulk deposits rates by up to 0.75 per cent for various maturities, effective Wednesday. For retail deposits, below Rs 1 crore, rates have been increased by up to 0.50 per cent. For deposits maturing in one year to less than two years, rates have been raised by 0.15 per cent to 6.40 per cent P11 from 6.25 per cent earlier. Nothing to do with invite to Atwal during Trudeau visit, says India: The Indian government on Wednesday asserted it had nothing to do with the presence of convicted Khalistan terrorist Jaspal Atwal at an event in Mumbai or the invitation extended to him to a reception by the Canadian High Commissioner in New Delhi last week during Prime Minister P5 Justin Trudeau's India visit. Kanchi seer passes away: Kanchi seer passes away: Kanchi Shankaracharya Jayendra Saraswathi passed away in Kancheepuram on Wednesday. The 82-year-old seer reportedly P6 died of cardiac arrest. T he ex-Union Minister P Chidambaram's son Karti Chidambaram was arrested by the CBI on Wednesday morning in connection with the INX media case. Karti, 46, was placed under arrest by a CBI team at the Chennai airport immediately upon his return from London. He was then put on a Delhi-bound flight and brought to the CBI headquarters in the national capital. The CBI produced Karti in the evening before a Delhi court which remanded him in the investigating agency's custody for one day. Karti was produced before metropolitan magistrate Sumeet Anand, with the CBI seeking his custodial interrogation for 15 days on the ground that he was not cooperating in its probe. The duty magistrate, while remanding Karti to one-day CBI custody, reportedly asked the agency to produce Karti before the designated CBI judge on Thursday. When he was being brought to the court room, Karti told reporters, "It is absolutely a political vendetta. I will be vindicated". The principal Opposition Congress cried foul, with party leaders and spokespersons, including Kapil Sibal and Randeep Surjewala, describing the arrest of Chidambaram's son as "political vendetta", "malafide move", and "diversionary ploy" of the Narendra Modi government reeling Nirav Modi refuses to join CBI probe into PNB scam SNS & PTI NEW DELHI, 28 FEBRUARY Billionaire jeweller Nirav Modi has refused to join the CBI investigation in the USD 2 billion fraud in Punjab National Bank citing his business engagements, prompting the agency to issue a stern letter on Wednesday asking him to appear before it next week. Meanwhile, the CBI has arrested PNB's internal chief auditor M K Sharma-- a chief manager-ranked official-- in connection with the case, they said, adding that it is first arrest of any auditor of the bank. Sharma, a scale-IV officer, was responsible for auditing the systems and practices of the bank's Brady House branch--from Letters of Undertakings (LoUs) were issued-and report the deficiencies with zonal audit office, they said. Meanwhile, in a terse letter, the CBI “directed” him to approach the Indian mission in the country where he is residing so that immediate arrangement can be made for his travel to India, officials said. The agency has told him that it is mandatory for an accused to join the investigation whenever they are asked to, they said. He has been asked to appear for questioning next week, they said. The agency had earlier asked Modi on his official email id to join the investigation related to Rs 12,636 crore scam pertaining to fraudulent issuance of the LoUs and Letters of Credit (LCs) from Brady House branch of PNB in Mum- bai in favour of his and his uncle Mehul Choksi's companies, they said. In response, Modi refused to join the investigation saying he has businesses abroad because of which he cannot return, they said. The probe agency officials has said the quantum of the alleged fraud perpetrated in the bank by billionaire jewellers Modi and Choksi stands close to USD 2 billion after the teams of the CBI and PNB found fresh LoUs and LCs worth Rs 1,251 crore related to Choksi's Gitanjali group of companies. The PNB had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion).The LoU is a guarantee which is given by an issuing bank to Indian banks having branches abroad to grant a short-term credit to the applicant. In case of default, the bank issuing the LoU has to pay the liability to credit giving bank along with accruing interest. under thousands of crores of PNB fraud and other State-run bank scams. The ruling BJP as well as the Modi government dismissed the Congress's allegations, claiming that the CBI was taking action independently and that "law will take its own course". In its remand plea before the Delhi court, the CBI claimed that the sustained interrogation of Karti was needed to unearth the “total conspiracy” hatched in the case and to find out the details of overseas payments allegedly received by him from INX Media as a “quid pro quo”. TURN TO PAGE 7 Economy grows at 7.2% in Q3 STATESMAN NEWS SERVICE NEW DELHI, 28 FEBRUARY Reflecting signs of its recovery, the Indian economy measured as Gross Domestic Product (GDP) grew at a fast pace, recording a fivequarter high of 7.2 per cent in the third quarter (October-December) of 2017-18, according to the second advance estimate data released by the government's Central Statistics Office (CSO) on Wednesday. The GDP growth during the second quarter (July-September) of the fiscal was at 6.5 per cent. The GDP growth had declined to a three-year low of 5.7 per cent in the first quarter (April-June) of the FY 2017-18, but it had recovered to 6.3 per cent in the second quarter. The growth for the second quarter has been revised upwards to 6.5 per cent, from 6.3 per cent estimated earlier by the CSO. TURN TO PAGE 10 MP bypolls: Cong wins both seats Thousands join star funeral BHOPAL, 28 FEBRUARY SNS & PTI MUMBAI, 28 FEBRUARY In closely-fought contests, Opposition Congress Wednesday retained the Mungaoli and Kolaras Assembly seats in by-elections in Madhya Pradesh, though with reduced victory margins. The results are significant for the BJP-ruled state where polls are due later this year. In Kolaras (in Shivpuri district), Congress candidate Mahendra Singh Yadav defeated the BJP's Devendra Jain by 8,086 votes. The Congress candidate got 82,523 votes, while his BJP rival polled 74,437 ballots. In Mungaoli (Ashok Nagar district), Congress nominee Brajendra Singh Yadav emerged victorious by defeating his BJP rival Bai Sahab Yadavby2,124votes.Brajendra got 70,808 votes, while the BJP PTI candidate got 68,684. After a lifetime under the arc-lights, Indian cinema icon Sridevi was on Wednesday given a send-off fit for celluloid posterity with surging crowds of mourners walking with the cortege as it made its slow way through the city and thousands more glued to television to watch her last rites. The 54-year-old, whose sudden death in Dubai late Saturday sent shock-waves through India, was given a state funeral with her body wrapped in the tricolour and a gun salute by the Mumbai Police.Sridevi, Indian cinema's first woman superstar who straddled the parallel worlds of southern films and Bollywood, became an actor when she was only four years old. Three hundred films later, the doe-eyed actor is still remembered for her comic timing, vivacity and her quicksilver expressions. Sridevi's funeral procession was the biggest Mumbai had seen for a Bollywood star since Rajesh Khanna in 2012 and perhaps the biggest for a woman, said old timers. There was a sea of people as far as the eye could see. The last rites were conducted by her filmmaker husband Boney Kapoor as her family and close friends from the industry and outside packed into the Vile Parle Seva Samaj crematorium. The couple's daughters, Jahnvi and Khushi, were by his side, sources close to the family told PTI. Fans and the media were kept outside as the mortal remains of the star were consigned to the flames.
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