Zee TV owner Subhash Chandra went to Dakar to pay Rs 11760 crore to S Bank
Congress spokesperson Pawan Khera has exposed a big scam related to BJP MP and Zee Group chief Subhash Chandra. In which the case of Subhash’s dacoity of loan taken from SBI linked to S Bank is coming to the fore. It is said that in this matter S Bank is repeatedly knocking on the door from the ministry to government agencies but it is not getting help from anywhere. Here is the full story of Subhash Chandra’s Fraud in the words of Pawan Khera-Editor
Yes Bank Limited was a private bank. By 2020, it had gone into a lot of losses and was brought under SBI and there were other financial institutions, but SBI put 11,760 crores in it and in SBI we are all, aap sabka paisa, mangoes, those who are depositors, are account holders, their Money is spent. So 11,760 crores SBI put in Yes Bank, to keep it alive, to fix it, to fix it. Now this Yes Bank, which is considered to be Associate Bank of SBI, is called, its categorization which is it, Associate Bank of SBI. Now it is not considered a private bank, now it is an associate bank of SBI. If this thing is clear in advance, then it will be easy to talk further, it will be easy for you to understand, it will be easy for me to speak.
Now its board of directors is of Yes Bank. It has representatives of SBI, representatives of RBI, representatives of Reserve Bank of India and representatives of financial banks on its board. When the moratorium was put on Yes Bank, it was written in it, it was shown that the situation of Yes Bank, which has come to Yes Bank in a loss situation, is mainly due to Essel Group which is of Subhash Chandra Goyal. He took loans and loans were also taken by this group of outstanding amount of 6,789 crores. The new Yes Bank board formed, consisting of SBI, RBI and others, did forensic investigation of accounts, auditing, forensic auditing which is called in English. Of the 22 loans taken by Essel Group, 12 were investigated and out of those 12, 8 fraud accounts were found. There were fraud accounts of 3,197 crores. The rest of the banks have also declared the loans given to Essel Group as fraud, putting them in the category of fraud accounts.
When someone takes a loan, a company takes a loan from a bank, then some security, some cholesterol has to be kept. Essel Group has Dish TV, which is one of their companies, this company is on BSE and NSE. Its shares held as security with Yes Bank. Now when they could not return the money, Yes Bank started the process on June, 2020 to take the shares which are there and by August, 2021 this process was over and now Yes Bank has 25.63 percent shares of Dish TV . Had taken the loan, could not repay it, the security which was there, was confiscated. The shares which were security, were forfeited.
The company, which was the promoter of Dish TV, now has 5.93 percent of its shares. So the huge shareholder of Dish TV has now become Yes Bank, 25.63 percent. On September 4, 2021, Yes Bank wrote a letter to the board of Dish TV. Told him that you should convene a meeting of the Extraordinary General Body, so that new Board of Directors can be formed, old ones can be removed. There is a rule that if 10 percent of any company is with a shareholder, then he can demand such a meeting. They have 25.63 percent, so according to the rules it is going well. SBI has a bank now, he demanded, wrote a letter to Dish TV, call this meeting so that directors can be changed. The board of Dish TV refused and then Yes Bank, Yes Bank with SBI, went to NSLT, went to National Company Law Tribunal to intervene, get us relief, it is our right. We are 25.63 percent shareholder, we want the board of directors to be changed, old directors should be removed and new ones should come. Become a Professional Director now.
During this, Dish TV denied them that Extra Ordinary General Meeting would not be convened and convened itself an AGM which according to the rules has to be called every year. In that AGM, he did not even raise the issue that the Board of Directors would not change, it is obvious that why would he change himself?
Meanwhile, Subhash Chandra, who is a BJP-backed MP and has close links with the RSS, has been its funder, has been the chairman of Ekal Vidyalaya, so we all know what his relationship is with the Sangh. What did he do, which I say you have never heard in life, I had not heard, launched an FIR in front of an Inspector of Crime Branch Gautam Buddha Nagar. The number of FIR is – 0821, I am enclosing the copy thereof. This must have happened for the first time, this is an FIR (showing the copy of the FIR) The complaint made by Subhash Chandra Goyal in this FIR was that Yes Bank forcibly gave me a loan.
Tell me, have you ever heard? If Modi ji is bringing such a scheme, Pranav ji, now we were talking on this that if Modi ji is bringing such a scheme in the new year that I will forcefully give you a loan, I will give it to you too, everyone who is sitting here, we Everyone will get loan, forcefully, whether you want it or not, take it from us. This is an FIR. You take a loan from someone, he keeps shares with you for security, then you bring criminal proceedings. In a civil matter, they bring criminal proceedings, so that they cannot keep the shares they are entitled to. This happened for the first time in this country and the Supreme Court, Hon’ble Supreme Court canceled it, stayed it, from there the stay came on the FIR that this is a miss use of CrPC, a civil case. Experts have written on this, a lot has been said that this has never happened, it is unpredicted, it has never happened.
Well, the Hon’ble Supreme Court has completely sidelined, this FIR. What is the situation now that Essel World is taking the profit it is getting from Dish TV. Yes Bank, SBI’s Yes Bank is waiting, despite having 25.63 percent share, it is not able to do anything. He writes letters, writes letters to the ministry of corporate affairs, writes to SEBI, writes letters to other institutions of the government, nothing happens. I present this copy of the letters, written by Yes Bank to the Ministry of Corporate Affairs, which I am presenting to you, attached to the press release.
The auditors also raised an objection that you are taking money from Dish TV illegally. 1,200 crore you have put in a content platform, ‘Watcho’, how are you doing this? Yes Bank has also written a complaint about this to the regulators that you should intervene, it is becoming a disaster. But no action was taken, why – because the bride is the one who drinks the mind. BJP backed MP, very old funder of Rashtriya Swayamsevak. Now if you ask for the account of the national volunteer, you will see, you will never get the account, that is a different matter, but you will see in it who does how much funding.
This had an effect on the stock market as well, all these complaints, auditors’ reports, auditors’ objections, all these had an effect and the commoners, who trade shares, lost 20,000 crores of market value of these shares. The loss also happened to the common man. SBI came forward to save this bank, its account holders. Now it is an associate bank of SBI. Letters are being written repeatedly to SEBI that these dues should be taken out, because these are common people’s money and not small money, it is thousands of crores of money. The bank wrote to the Ministry of Corporate Affairs, wrote to SEBI that it should remove the board of directors of Dish TV, bring new people, recover money and put an administrator in the company so that the management of the company can run smoothly, able to operate transparently. No louse will crawl on anyone’s ear.
We want to know from the government that SBI’s bank, Yes Bank is seeking your cooperation to recover the money of common account holders, why are you not cooperating? Is it because he is a Bharatiya Janata Party-backed MP? Is it because they fund the RSS? What is the reason, what are your compulsions? What is your relationship with Subhash Chandra Goyal, why are your hands tied?
Why the Ministry of Corporate Affairs did not take this issue seriously even after repeatedly telling them, no action was taken on it, why? We understand this thing, which all of us are sitting in this room and the people of this country are listening through you, they all understand that yes, agencies are busy in Uttar Pradesh elections these days, everyone is busy, you have He has been hired by the Bharatiya Janata Party. When they become free from election, tell the date, when they will be free from that election, will action be taken against all these by ED, SFIO, Income Tax or CBI? In February-March, these agencies will become free from Uttar Pradesh. Get it done then. Tell the date when you will give relief to the general account holder.
Why not you and I will do this type of fraud, our passports will be confiscated. Was the fraud committed by these people, the passport of any of them was confiscated, if not, then why did not happen? Why different rules for these people?
How can Uttar Pradesh Police take such action? How is it possible that you put a hold on the shares of a bank on the advice of a businessman that you have taken these shares forcibly? This is the work of the police, blindly blinding their eyes, because he is a BJP-supported MP, because he gives money to the RSS, for whatever reason. You are a professional force, you are a police brother. No party, no businessman, no private militia, no private army, you are police. Your salary goes out of our pocket, how can you do this? Why not on the role of this police, no investigation has been done on the role yet? The Supreme Court upheld this FIR, brought a stay on it. Experts termed it completely wrong. No investigation. What has been the role of crime branch of Gautam Buddha Nagar in this?
What is your objection to having an administrator? There is a demand again and again. A very big shareholder, there is a shareholder named Yes Bank, SBI is a kind of shareholder in Dish TV, he is demanding and you don’t want to sit an administrator, like sitting in Satyam, sitting in IL&FS, example Yes, there are examples in front of everyone. Not happening for the first time. What is happening for the first time is that even after all this, nothing is happening. This is happening for the first time and we all know the reason, but still it has to be reiterated again and again that he is a BJP supported MP, gives money to Rashtriya Swayamsevak Sangh, is a former chairman of Ekal Vidyalaya, there is a clear reason.
So why is the government showering this special kindness on them? It is our demand that all these agencies should be given one-and-a-half days’ time from Uttar Pradesh so that they can pay attention to this work as well, this is our demand.
