Showing posts with label scam. Show all posts
Tweet Share Share Share Share Share

May 20, 2018
State-run Punjab National Bank (PNB) has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company, citing a clause that bars any disclosure that can impede the process of investigating or apprehending the offenders.


In reply to an RTI query, the state-owned bank also declined to share copy of inspection reports related to the scam.

"Since the matter is under investigation by the central investigating agency/agencies/law enforcement agency, providing of the desired information is exempted under Section 8 (1) (h) of the Right to Information Act, 2005," the PNB said in reply to the Right To Information application filed by a PTI correspondent.

The section bars disclosure of information which would impede the process of investigation or apprehension or prosecution of offenders.

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide copy of inspection reports.

The scam, considered to be the biggest ever in India's history, was reported earlier this year and involves PNB, the country's second-largest state-owned bank, getting allegedly defrauded by diamantaire Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems.

Besides the Central Bureau of Investigation (CBI), Income Tax and Enforcement Directorate, the RBI has also started a detailed probe into the case for necessary action.

Replying to an RTI query, the RBI had also earlier declined to share inspection reports for scam-hit PNB. In response to queries under the transparency law, the central bank had also clarified that the RBI does not carry out audit of banks, but conducts inspection/risk-based supervision of banks.

Giving details for the past ten years, the RBI gave dates for the annual inspection carried out at the PNB head office between 2007 and 2017, except for 2011, for which the banking regulator said the "dates (are) not available".

When asked about the copies of inspection reports and details of objections raised by it, the RBI said the information was exempted under various clauses of the RTI Act. The central bank had forwarded the RTI query for further details to PNB.

Incidentally, market regulator Sebi has recently issued a warning letter to PNB for delay in making disclosures about the Nirav Modi fraud.


Sebi observed that there were delays ranging from one to six days by PNB in making various disclosures to the stock exchanges pertaining to the filing of reports/complaints with the RBI and CBI.


Earlier this week, CBI filed two charge sheets in the case in a Mumbai court, in which it has also been alleged that PNB misled the RBI on issues relating to certain credit guarantees that are at the centre of the alleged fraud.

TOP COMMENT

Well, if they disclose such details then the world will know that half of it went to BJP and the gang for the elections in 2014 and the other half went for them to settle abroad.

Nothing surprising.Allegianz Solutions


The chargesheet also names PNB's former CMD Usha Ananthasubramanian, who is currently CEO and MD of another state-owned lender Allahabad Bank, besides PNB's executive directors K V Brahmaji Rao and Sanjiv Sharan, and general manager (international operations) Nehal Ahad. All these officials have been divested of their functional powers.


On Tuesday, PNB said that its total liability now works out to Rs 14,356.84 crore on account of the fraud allegedly carried out by Modi and Choksi, both of whom are absconding.
Read more »
Tweet Share Share Share Share Share

August 12, 2016
Dr. Diane Harper, one of the leading experts on HPV vaccines, has spoken out about the ‘deadly effects’ the vaccines have on those who take it.
Dr. Harper was responsible for the Phase II and Phase III safety and effectiveness studies for Gardasil and Cervarix, which secured approval for their use on the public.

During a speech at the 4th International Conference on Vaccination, she decided to come clean to the public about the dangers of receiving the HPV vaccine – saying that she could no longer sleep at night.

Chief_ HPV_Scientist_Admits_Vaccines_Are_A_ Deadly_Scam-482124477

Healthlogics.press reports:
The following is an excerpt from a story by Sarah Cain:
“Dr. Harper explained in her presentation that the cervical cancer risk in the U.S. is already extremely low, and that vaccinations are unlikely to have any effect upon the rate of cervical cancer in the United States.
In fact, 70% of all HPV infections resolve themselves without treatment in a year, and the number rises to well over 90% in two years.  Harper also mentioned the safety angle.  All trials of the vaccines were done on children aged 15 and above, despite them currently being marketed for 9-year-olds.
So far, 15,037 girls have reported adverseside effects from Gardasil™ alone to the Vaccine Adverse Event Reporting System (VAERS), and this number only reflects parents who underwent the hurdles required for reporting adverse reactions.  At the time of writing, 44 girls are officially known to have died from these vaccines.  The reported side effects include Guillian Barré Syndrome (paralysis lasting for years, or permanently — sometimes eventually causing suffocation), lupus, seizures, blood clots, and brain inflammation.
Parents are usually not made aware of these risks.  Dr. Harper, the vaccine developer, claimed that she was speaking out, so that she might finally be able to sleep at night.  ‘About eight in every ten women who have been sexually active will have HPV at some stage of their life,’ Harper says.  ‘Normally there are nosymptoms, and in 98 per cent of cases it clears itself.  But in those cases where it doesn’t, and isn’t treated, it can lead to pre-cancerous cells which may develop into cervical cancer.’”
Although these two vaccines are marketed as protection against cervical cancer, this claim is purely hypothetical.  Studies have proven “there is no demonstrated relationship between the condition being vaccinated for and the rare cancers that the vaccine might prevent, but it is marketed to do that nonetheless.  In fact, there is no actual evidence that the vaccine can prevent any cancer.  From the manufacturers own admissions, the vaccine only works on 4 strains out of 40 for a specific venereal disease that dies on its own in a relatively short period, so the chance of it actually helping an individual is about about the same as the chance of her being struck by a meteorite.”


Read more »
Subscribe to: Posts (Atom)
Powered by Blogger.