Nishikant Khajuria
JAMMU, Jan 1: Though late, the Public Works (Roads & Building) Department has set into motion the process of reverting back the Diploma Engineers who were enjoying promotion benefits on the basis of degrees obtained through distance mode, which have been declared invalid by Supreme Court of India.
Official sources told the Excelsior that all the Engineering graduates of PWD (R&B), who have obtained degrees through distance mode from the universities/academic bodies other than AMIE, have been directed to submit their degree to the department for genuineness and validity of the document from the concerned institutions in light of the Supreme Court judgement.
With recovery looking on track, these 5 sectors are likely to outperform in 2021
Neeraj Chadawar of Axis Securities said value plays like Metals, Banks, NBFCs and others have started delivering solid returns. Sunil Shankar Matkar December 30, 2020 / 01:51 PM IST
The year 2020 brought with it pandemic COVID-19, which forced economic activities around the globe to be shut for a large part of the year. In India, the government announced a complete shutdown in March and the Unlock process started in late May-June
With positive economic recovery outlook for 2021 and increase in government spending, experts feel cyclicals, industrials and consumption sectors could outperform in the year ahead.
A former chief manager of a public sector bank and his two associates were arrested in Delhi for allegedly misappropriating funds through a loan fraud, police said on Wednesday. The accused have been identified as Shailendra Kumar (63), a resident of Dwarka Sector-10, Ankit Sangwan (29), a resident of Vikaspuri and Sunil Sarki (31), a resident of Vikas Nagar, they said. Police said a complaint was made by the Punjab National Bank alleging that one Sarki Trading Company through its proprietor Sunil Sarki obtained a cash credit (CC) limit of Rs 2.50 crore on the basis of false credentials and documents in 2013. The company was shown having the business of clothes and garments. To secure the CC limit, forged documents of a property were mortgaged with the bank. The addresses of the borrower and the guarantor were not traceable and the account turned into a non-performing asset (NPA) in 2014, a senior police officer said.
Former PNB chief manager held for fraud
Updated:
Updated:
Accused held for misappropriation of funds through loan fraud
Share Article
Accused held for misappropriation of funds through loan fraud
Former chief manager of a public bank, along with his two accomplices, was arrested in connection with misappropriation of funds through a loan fraud, the police said on Wednesday.
The accused have been identified as Shailendra Kumar (63), a resident of Dwarka Sector-10, Ankit Sangwan (29), a resident of Vikaspuri and Sunil Sarki (31), a resident of Vikas Nagar, they said.
The police said that a complaint was made by Punjab National Bank, alleging that one Sarki Trading Company, through its proprietor Sunil Sarki, obtained the CC limit of ₹2.50 crore on the basis of false credentials and documents in 2013.
How a Delhi car washer got a Rs 2.5 cr loan sanctioned for a fake company
By IANS |
Published on
Wed, Dec 23 2020 19:33 IST |
0 Views
How a Delhi car washer got a Rs 2.5 cr loan sanctioned for a fake company. Image Source: IANS News
New Delhi, Dec 23 : In an intriguing case, three accused including a former chief manager of a private bank have been arrested for misappropriation of funds of the Najafgarh branch of Punjab National Bank through a loan fraud.
The accused, a former chief manager, in connivance with the accused borrower and other associates, sanctioned a loan of Rs 2.5 crore to a car washer in the name of Sarki trading company. They used false credentials of the alleged firm, using forged documents.