The weekly observer issue 27

Page 1

Tuesday, February 11, 2014

VOL. 13 ISSUE 27

Family rescued from brick kiln by government departments and NGO PAGE 2

Prosecution wants charges of ‘unnatural sex’ against Mazurier PAGE 3

Toxic debts leaving bank staff out of pocket: Union Public sector bank employees staged a two-day protest demanding pay rises and strict action against big business defaulters APURVA VENKAT & SHWETA NAIR

S

ome of the country’s biggest firms are defaulting on huge bank loans, according to striking bank workers. The massive losses incurred by banks across the country means staff are not being paid a proper wage, according to the All India Bank Employees’ Association (AIBEA). Public sector bank workers were promised a pay rise in November 2011 but they are still waiting. On Monday 87 banks and 8, 50, 000 workers stayed away from work and staged protests across India over a twoday period. In a press release by the All India Bank Employees’ Association (AIBEA), the top 50 bank loan defaulters were listed with an amount adding up to Rs. 40,528 crores. Kingfisher Airlines topped the list with a loan default of Rs.2673 crores that it borrowed from public sector banks. The other companies that made the list of defaulters include National Agricultural Co-operative, Deccan Chronicle Holdings Limited, Innareddy

Bank employees protest in Bangalore for pay revision and strict action against loan defaulters. Photo Credit: KPN News Computers and Software Association (India) Ltd, Educomp Infrastructure & School Management Limited, Delhi

Airport MET EX Limited and Lanco Hoskote Highway Limited. None of these companies responded to media

enquiries. C.H. Venkatachalam, general secretary, AIBEA said: “Kingfisher Airlines

is due to pay almost Rs.7000 crores if we add public sector and private sectors banks loans that were lent to them. The amount we have mentioned in the press note is excluding the loans given by State Bank of India, IDBI and private banks.” The bank associations have declared the 48-hour strike demanding a pay revision which was promised in November 2011. They have also demanded stringent action against the increasing number of bad loans. According to the press release, the total number of fresh cases of bad loans in the public sector banks totalled Rs.1 ,19, 613 crores in 2012-13, as compared to Rs. 92, 808 crores in 2011- 2012. Venkatachalam added: “The government is not publishing the defaulters’ list as they have a nexus with the corporates. We have demanded these cases be taken as criminal offences. We also want a fast-track recovery of these loans that must be put into action.” As of March 31, 2013, the total amount of bad loans including private, foreign and public sector banks has amounted to Rs. 1, 94,000 crores. Continued on Page 4

Notorious Nawaz and gang arrested by crime branch Mayuri J RAVI Rowdy Kulla Nawaz, along with three others, was arrested by the Organized Crime Wing of the Central Crime Branch on Thursday. Nawaz, alias Kulla Nawaz alias Kullu, 38, was arrested along with Rafeeq. They are both residents of Someshwaranagar. Sharpudeen and Abrar Pasha, residents of Ramanagara village, were also arrested along with the duo. There are 13 cases of dacoity and murder registered against Nawaz in Siddapura, Mico Layout, Electronic City, Commercial Street and Banashankari police stations since 2004. In 2012, he was arrested under the Karnataka Prevention of Dangerous Activities of Bootleggers, Drug offenders, Gamblers, Goondas, Immoral Traffic Offenders and slum grabbers act (Goonda Act) 1985.

Rafeeq has been registered for three cases which includes attempt to murder and dowry harassment cases. Based on the statements given by Nawaz and Rafeeq, Nawaz had murdered their rival Vasim’s elder brother Zabi last year when Vasim was in jail. Nawaz was arrested and kept at Bangalore Central Jail. After being recently released from jail, Vasim had made many attempts to kill Nawaz but had failed. In retaliation, Nawaz and his gang hatched a plan to murder Vasim and take away all the valuables. Before the gang could execute the plan, the crime branch police arrested them. The police seized one Maruti van, two iron choppers, and two knives from the gang.

Four accused arrested by Crime Branch for plotting murder of a rowdy


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