Latest news with #Rs1.53
Time of India
02-07-2025
- Time of India
Broker duped of Rs1.5cr in cotton deal, Akola firm director booked
Nagpur: Director of an Akola-based cotton firm was booked for allegedly cheating a broker and an Amravati-based firm of over Rs1.53 crore. The accused, identified as Pawan Jagdishprasad Bachuka, is now under investigation for criminal breach of trust and cheating. According to police, Sunilkumar Biharilal Jaiswal (57), a resident of Jagnaath Budhwari, operates a cotton brokerage business under the name Deveshkumar Brijeshkumar. Acting as a mediator, he facilitated deals between two firms. Senior PI Shubhangi Deshmukh said, "The initial transactions between the two firms were smooth and as per agreement payment was done within 15 days of the delivery." Bachuka purchased cotton bales and paid on time, earning the trust of both the broker and the Amravati-based victim. However, between January 8, 2023, and January 10, 2025, Bachuka purchased a large consignment of cotton bales on the broker's guarantee and allegedly sold the cotton bales to a private firm, reportedly a South Korea-based company operating out of Andhra Pradesh. Police officials added that Bachuka reportedly sold the consignment, collected the entire payment, and misappropriated the funds. When Jaiswal followed-up for payment, Bachuka allegedly gave false assurances, dodged questions, and failed to pay the due amount of Rs1.53 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 선납금 보증금 없이도 월 30만원 렌트 가능할까? 오토모빌리티 더 알아보기 He allegedly abused and threatened to kill the broker when pressed for repayment. Tehsil police registered a case under BNS sections 406 (criminal breach of trust), 409 (criminal breach of trust by agent), 420 (cheating), 500 (defamation), 504 (intentional insult to provoke breach of peace), and 506(2) (criminal intimidation).
Express Tribune
18-06-2025
- Politics
- Express Tribune
PTI criticises VIP vehicle spending
The Pakistan Tehreek-e-Insaf (PTI) has criticised the Punjab government for approving the purchase of hundreds of high-end vehicles for officials amid ongoing economic hardship and underfunded public services. In an statement, the party said the government has allocated over Rs2.1 billion for 283 official vehicles, including 10 bulletproof vehicles costing Rs500 million for senior police officers, 48 protocol vehicles priced at Rs900 million and 76 cars for ministers and senior bureaucrats at an estimated Rs710 million. Additional spending on fuel and maintenance will also be required. The PTI said the spending reflects a "growing disconnect" between the leadership and the people of Punjab who continue to face inflation, unemployment and deteriorating public services. It highlighted significant increases in allocations for elite government offices. The budget for the Governor House has increased by 870 per cent to Rs1.53 billion, while allocations for provincial ministers have more than tripled to Rs1.07 billion, it stated. The Chief Minister's Office received a 19% hike to Rs1.46 billion, and the Punjab Assembly's budget rose 47% to Rs7.38 billion. The commissioners' offices reportedly overspent Rs319 million during current financial year and are now allocated Rs1.85 billion for the next fiscal year. The Chief Minister's Inspection Team's budget also increased by 26% following unauthorised spending of Rs182 million. "These spending patterns are a political indictment of the government's misplaced priorities," the PTI said. "While basic sectors like health, education, and agriculture remain underfunded, public officials are rewarding themselves with expensive perks." The party also criticised the chief minister's prolonged absence from the assembly despite a growing budget for her office, calling it a "symbol of the administration's lack of accountability". The party demanded a forensic audit by the National Accountability Bureau (NAB) into the luxury vehicle purchases and the associated budget increases. It called for immediate reversal of unauthorised expenditures and legal action against those responsible for diverting public resources.
