Karnataka govt feels it was 'forced' to close accounts with SBI & PNB after both public sector banks took 'dry stand' over request to return money entangled in fraud, it is learnt.
In ‘Corporate Frauds’, Robin Banerjee writes about the Bank of Credit and Commerce International, which had accounts of Jimmy Carter, James Callaghan, Saddam Hussein, and arms traders.
Chandigarh-based cybersecurity firm CyberX9 said a vulnerable PNB internal server could have allowed in a hacker, and the bank fixed problem months after patch was available.
The bank in July had filed multiple applications seeking the release of properties mortgaged with PNB against credit facilities extended to two of Nirav Modi's firms.
CBI also booked the company's directors for misappropriating the loan amount given to them by the bank 'with an ulterior motive to embezzle the public money'.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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