Bhopal, Feb 28: As the news of Nirav Modi and Punjab National Bank (PNB) scam of 11,400 crore , one of the biggest frauds in the country's banking system came into light, another scam of similar magnitude of 7534 cr surfaced in Madhya Pradesh with MPSIDC along with promoters / directors of 20 companies including Sudhir Agrawal , Girish Agrawal of Bhaskar Industries Ltd which are also the promoters of DB Corp (Dainik Bhaskar Group).
VYAPAM case, which is allegedly 2000 crore had created ruckus in entire MP and had many so called accused charged with offence and prompt action was taken. On the contrary, Sudhir Agrawal , Girish Agrawal of Bhaskar Industries Ltd who did not comply to court notice and were issued arrest warrant by the court are still out of hands of authorities. Today, both Sudhir Agrawal , Girish Agrawal did not surrender in the court. Being a media group, the promoters can easily influence the investigation. The accused did not give heeds to court notice as such people think that they are above law, such legal notices and warrants can’t create trouble for them.
The accused are charged under IPC section 409, 420, 467,468, 471, 120 (B) which are almost similar to those issued to people in VYAPAM case. In VYAPAM case, the court had denied bail to many, it would be interesting to see if the court either grants bail to Sudhir Agrawal , Girish Agrawal of Bhaskar Industries Ltd and others.
Late justice is like no justice. It’s an irony that the case that registered in 2004 has taken 14 years to this conclusion that big business houses are involved in huge financial irregularities. It may not be an exaggeration that involvement of media houses like Bhaskar has made such cases go at snail’s pace.
Investigative agencies should at least now wake up and expedite the case. It would be anyone’s guess when will the case come to its conclusion. -Window To News