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What is Rotomac Fraud Bank Scam in India?

Rotomac’s Consortium: Writing its way into the scam book with bank fraud!

Rotomac

The Central Bureau of Investigation (CBI) in India, once booked a businessman and his family. They are based in Kanpur. The other members of his family who have been charged are his wife and his son. The amount for which they have been charged is a staggering amount that is nothing less than INR 3,695 crore. It has been reported by the media that the loan amount taken by the family was advanced by a consortium of seven banks. The recipient of this loan goes by the name of Rotomac Global Pvt Limited. This is obviously the company that is owned by the Kanpur based businessman.

Showing Fraud Symbol for Frauds in India

Bank Fraud in India

PNB involvement in Rotomac Scam

Now, this is definitely not the first time that such a scam has taken place in India. While some of the other shocking cases that have surfaced in the nation are that of Vijay Mallya and several other instances that involve top Indian politicians and bureaucrats, the latest one was the PNB scam that was related to Nirav Modi. I’m sure that you must know about it. However, for those who have been living under a rock and are aware of what had transpired, keep reading ahead. To explain it to you in short, Nirav Modi and his allies had taken loans from the Punjab National Bank (PNB) which is a public sector bank operating in the nation.

When they approached the bank again, they were asked for guarantee. However, they said that they had not needed to present any guarantee earlier either. This raised suspicion and it was noticed by a new employee of the bank that the official records had no mention of such a deal. That is when the matter was reported to the CBI and other officials from the banks were caught hold of who has allegedly transferred money without any legal procedure.

Though the matter came to light, by the time the citizens of the nation came to know about it, Nirav Modi had already left the country and fled. He is a billionaire and a jewellery designer who was mainly involved in this scam with his uncle, MehulChoksi. At present he is living overseas and action has also been tried to take but the masses still have innumerable unanswered questions.

Scam is no Alert in India, its Routine. Need to Curb Bank Corruption that made Entire India Corrupt

Following the Nirav Modi case is this one. According to investigation and reports, Rotomac Global Pvt Limited is the company that had taken loans of INR 2,919 crore, starting from the year 2008. This was done by a consortium of banks that were headed by the Bank of India. However, this amount later went on to become INR 3,695 crores. This definitely included the interest that had to be paid on the sum taken as loan. If you are wondering how it is possible for the interest to be so high, then you must understand that there were repeated defaults on paying back the loan. This is exactly what has been explained by the officials.

The Banks Involved in Rotomac Scam

It must be noted here itself that a total of 7 banks have been involved the case. Read ahead to find a list of the names of the banks:

· Bank of India

· Bank of Baroda

· Overseas Bank of India

· Union Bank of India

· Allahabad Bank

· Bank of Maharashtra

· Oriental Bank of Commerce

Keep reading to find a list of the loan that had been taken: (bank wise amounts)

· Bank of India: INR 754.77 crore

· Bank of Baroda: INR 456.63 crore

· Overseas Bank of India: INR 771.07 crore

· Union Bank of India: INR 458.95

· Allahabad Bank: INR 330.68 crore

· Bank of Maharashtra: INR 49.82 crore

· Oriental Bank of Commerce: INR 97.47 crore

According to allegations put forward by the Bank of Baroda, the loans to the company were being extended from the year 2008. Now, you must also note that the Bank of Baroda was the first bank to officially come forward and make the complaint regarding the Kanpur based businessman, Vikram Kothari, his wife Sadhana Kothari, and his son, Rahul Kothari. Also, the Bank of Baroda has not spared its employees either. This implies that unidentified officials working for the ban have also been included in the complaint because the bank too realizes that such a scam of a large scale and this big an amount is not possible without the aid of internal workers.

Picture Showing Secure Locks as Security Symbols

Loose Security in India Hence Only Scams, need to Beef up Security by Corrupt Bank Babus Prosecution

Three locations have been investigated so far. The aim is to find as many details as possible regarding the trio as well as their work. More details are likely to help the investigating team further. Also, it cannot be ascertained already that no other scam has been committed by the family. This is why rapid probe into the matter has been going on. This is the sole reason why the residence of the family as well as the office premises have been studied intensively so far. The three have been cross questioned by the CBI who is hell bent on reaching the core of the matter. This is why several sessions of inquiry have taken place and more such sessions are likely to follow. It is actually commendable at this point that unlike other offenders, this trio has not yet fled from the country to reside overseas and establish their name abroad.

Central Bureau of Investigation, India sign board

CBI Sign Board

The Stand of CBI in this Fraud

The spokesperson of CBI, Abhishek Dayal stated publicly that the total sum of the loan is INR 3,695 crores. In order to speed the process of recovery of this huge amount the home and the office premises of the Kotharis has been sealed and taken away. This means that they no longer have access to it and it not belongs to the bank since they failed to repay their loan.it is said that they actually managed to take so much loan because they stated false reasons and once they got hold of the money, they used it for different purpose other than the one stated.

Conclusion

Last but not the least, the trio has also been charged under the violation of Foreign Exchange Management Act, involvement of shell companies as well as the criminal breach of trust.

Punjab National Bank Scam
Public Sector Bank Scam
AugustaWestland Scam
Commonwealth Games Scam
RailGate
Ponzi Scam

NB Review based on overall media information

See also:
CoalGate Scam

Pubjab National Bank Scam

Tags: CoalGate, Coal Gate, Scam, Scams in India, Rotomac Scam

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What is AgustaWestland Chopper Scam? Choppergate, An Overview

AgustaWestland Scam - ChopperGate

First, you must understand the overview of the scam before jumping into the details. This you will help you to get a brief idea so that you can follow the pattern and chain of events more easily. What had happened actually was that in the year 2010, the Indian subcontinent had signed a deal to buy 12 AgustaWestland AW101 helicopters in the month of February that year. This was done so that the Communication Squadron of the Indian air force could easily transfer the then President, the then Prime Minister and other Very Important Persons. However, this incident came to light after 3 years in 2013.

The scandal over this contract became highlighted on 12^th February in 2013 when the CEO of Finmeccanica was arrested. His name was Giuseppe Orsi. For those who are wondering how the two companies are related, you must know that Finmeccanica is the parent company of AgustaWestland from the end of the Italian authorities.

The very next day, the defense minister of the country at that time, A.K Antony order an investigation into the deal and the matter overall.

AugustaWestland Scam Defense Helicopter Photo

Representing: AugustaWestland Scam

Details of theAgustaWestland chopper scam

Let’s begin with the year 2013 when this matter gained importance and came before the masses of the nation. Early in that year, a national level probe began regarding the deal that had been signed with AgustaWestland. There were reportedly innumerable allegations of corruption against a number of senior officials of the Indian government as well as the AgustaWestland company.

The main point here was a contract between the two regarding the purchase of a fleet of new helicopters for the then President, the then Prime Minister and other Very Important Persons.

Now, you might be wondering why it’s referred to as a chopper scam. Well, the answer to that is the fact that smaller helicopters are referred to as choppers. This is the reason why this matter has also been referred to as the Chopper Scam of India or the Choppergate.

Central Bureau of Investigation's Sign Board

Investigation by CBI & Other Agencies

Next, the very first question that must come to your mind at this point is that how is there the involvement of corruption if we are simply paying for an item or product and purchasing it legally for the representatives of the country. Well, here’s the catch. It is reported that AgustaWestland did not just land itself the contract due to its excellence in services or precision in design.

Apparently, they had paid a bribe to a number of the Indian politicians and military men so that they get selected for this deal. In fact, the contract they finally sealed was of a massive amount of INR 36 billion (US $ 540 million). This contract stated that the world’s largest democracy, India would be paying the stated amount and purchase 12 AgustaWestland AW101 helicopters.

It would also be used to carry state officials who help high positions. Also, if reports and claims of the Italian prosecutors are to be believed, Ahmed Patel was the man who had received advantages due to the deal. Surely, the name rings a bell already. For all those who do not know or are unaware of the political scene of the nation, Ahmed Patel was the political secretary to the President of Congress party, Sonia Gandhi.

Ahmed Patel, M.K Narayan and M. VeerappaMoily to receive bribes

The fact why this can be said with such determination and assertiveness is that a note was presented before the Italian court which had names of people such as the then Prime Minister Manmohan Singh, the then President Pranab Mukherjee, and officials such as Ahmed Patel, M.K Narayan and M. VeerappaMoily to receive bribes. Also, the amount that needs to be paid to them is also stated. While some were to receive €6 million, some others were stated to receive €3 million or €8.4 million.

former Indian Defense Minister AK Antony

On 25^th March, 2013, the defense minister of the Indian subcontinent, A.K. Antony, was the one who confirmed before the media and the citizens of the nation that undoubtedly, corruption had taken place when it comes to the AgustaWestland chopper scam. He then went on to emphasise that the people of the country need not panic or get into a state of frenzy because the matter had been handed over to the CBI who were trying their best and leaving no stone unturned to investigate the case. By June, the next year, that is 2014, the government of India had been able to recover approximately half of the money that it had paid to AgustaWestland as part of their deal.

On 8^th April, 2016, the executive of AgustaWestland, Giuseppe Orsi was convicted for paying a bribe of €30 million to politicians, bureaucrats and air force officials of India. This decision was taken by the Milan Court of Appeal. It had in fact overturned a lower court verdict and this judgement came in the form of a declaration that was 225 pages long. Another fact that must be noted is that the sentence was for four years.

Manmohan Singh & Narendra Modi

In the same year, on 9^th December, CBI in India arrested the former chief of the Indian Air Force. His name was S.P Tyagi. In fact, not only him, but also his cousin, Sanjeev Tyagi and his lawyer, GautamKhaitan were taken into custody. The following year, in September 2017, a formal charge sheet was filed against 9 others who had been involved in the case and surfaced during investigation.

Final verdict with regard to AgustaWestland chopper scam

On 16^th December, 2016, the Supreme Court of Cassazione asked for a retrial since it wished to dismiss the conviction sentence of 2016’s April. This retrial would however, still be in Milan.

Finally, in 2018, that is this year, on 8^th January, the third Court of Appeals of Milan let go of all the defendants in this case. This means that all the allegations and charges were acquitted the reason behind this was they felt there was lack of sufficient evidence against anyone. This was in effect for the Indian officials as well.

Christian Michael's Pic who was Extradited to India in AugustaWestland Scam

Extradited Christian Michel

However, later now Christian Michel has been extradited to India and legal proceedings are going on before India's central elections which many are viewing as act of vendetta by the BJP government against Congress political Party.

Punjab National Bank Scam
Rotomac Scam
Public Sector Bank Scam
Commonwealth Games Scam
RailGate

Tags: Indian Scammer Numbers Active 2019, Indian Scam, Indian Scams, Scams in India, Fraud in India, Scam Alert, Latest Scam, Latest Scams, Fraudulent Indians

NB Review based on Overall Media Information

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Clitoris or Nuclei Problems Diseases and Treatment

Clitoris Locked or Nuclei Problems Diseases Treatment

Organized mainly by erections. It is comparable in appearance and organization to a man's penis. The clitoris is located behind the anterior commissure and contains a pair of clitoral sponges. The clitoral sponge is divided into three parts. The clitoris feet at the rear end are cylindrical, starting from the periosteum of the inferior pubis and inferior sciatic branches, inward and upward to the lower edge of the pubic symphysis, and the left and right clitoral cavernous bodies are located at the midline to form the clitoral body. Tissue septum, called comb septum. The clitoris body is folded at a right angle and turned to the front and bottom. The free end is called the clitoral head, which is a round nodule, protruding below the foreskin of the clitoris. There is often clitoral dirt in the clitoral groove between the clitoris and the clitoral foreskin. The clitoris is attached to the labia minora under the head. The clitoris is covered with a white membrane.

Name: Clitoris

Other name: Nuclei, Pea

Shape: Cylindrical

Function: Stimulate female sexuality and pleasure

Overview

The structure of the clitoral cavernous body is similar to that of the penile cavernous body, and it can also be congested and erect. The clitoral head is mainly composed of spongy erectile tissue. The clitoral mucosa and submucosal tissues are rich in blood vessels and nerve endings, and are sensitive to erections.

Clit or clitoris diagram in color with explanation

Clit- The Feminity

Clinical diseases Pertaining to Clit or Nuclei

1. Hypertrophy of the clitoris

Abnormal hypertrophy is caused by excessive use of exogenous androgen or excessive secretion of hormones in the body. It can be relieved after stopping the drug or treating the primary disease. Generally, it does not affect sexual response and does not cause pain. No special treatment is required. . However, some clitoral hypertrophies are abnormal endocrine organs, leading to virilization of women and affecting sexual life. In such women, a large amount of androgen secreted by the adrenal cortex enters the blood, and when the ovaries secrete relatively little estrogen, there may be symptoms of clitoral hypertrophy and loss of sexual desire. In the long run, the body will develop into masculinity in many places.

Showing Medical problem Hypertrophy of the clitoris

2. Clitoris very small

Because the clitoris is too small, the labia minora may be too tight. When the penis is inserted into the vagina, the clitoris cannot reach the clitoris, making it difficult to stimulate the clitoris and not feel the orgasm. In the long run, it will cause female apathy.

3. The clitoris foreskin is too long

Because the clitoris is completely covered by the long clitoris, the clitoris is not fully stimulated during sexual life, which may cause orgasm disorder and low sexual desire.

4. Deformity of the clitoris

Clitoral deformities are not common. This abnormal symptom is congenital and is caused by the internal and external environment of the mother during the embryonic development. If the mother is ill, taking the wrong medicine, X-ray irradiation, or inhaling toxic and harmful gas dust, etc., this clitoral deformity caused by abnormal embryo development may also have the possibility of gender deformity. You should go to the hospital for detailed examination and receive appropriate treatment.

Diagrammatic representation of deformity of clitoris

5. Clitoral pain

The lack of secretions from the clitoris and the foreskin often cause pain. When a woman reaches orgasm, the clitoral head will become very sensitive, and then strong stimulation will undoubtedly cause pain. The above two situations are completely normal physiological phenomena. The most common cause of pathological clitoral pain is infection, such as genital herpes spreading around the clitoris; gonococcal, moldy, trichomonas genital vaginitis spreads to the entire vulva; condyloma acuminata, vestibular gland cysts, etc. are also often intercourse or Clitoral pain occurs when stroking, and is often accompanied by other secondary infections such as mold and trichomoniasis; jock itch, scabies, parasite eggs, chemical fiber underwear, local excessive cleaning, cosmetics and other chemical stimulation can cause clitoral pain.

Problems related to clit in diagram revealing

6. Clitoral skin lesions

Some women found clitoral skin lesions after several sexual intercourses. In fact, some diseases can cause the same symptoms. For example, drug allergy can cause fixed drug eruption of female clitoris and male glans foreskin. drug and food allergies can cause severe foreskin edema. 2 to 3 days after sexual intercourse, clitoral foreskin or Clostridial infection can be caused by penile twitch, which can cause clitoral atrophy And symptoms such as skin lesions.

Conclusion

For any disease you must see a medical specialist and should not try to work on it yourself. It needs strict medical supervision else it may cause serious health problems that will nothing but repentence.

May refer also:

Female Virginity

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Fast Battery Charging Phones Analysis. Dangers and Advantages

Fast charging is not as fast as possible. The hidden dangers of high-power fast charging are not just explosions

Among the recently released mobile phones, Black Shark 3 supports 65W fast charging. Another news said that the upcoming Red Devils 5G mobile phone also supports 65W fast charging. If the realme X50 Pro is added, multiple Snapdragon 865 flagship phones use 65W fast charge.

Phone Battery Charging Fast Charging Phones Analysis

Before that, 65W fast charge was only used by OPPO. This year, more mobile phone manufacturers use 65W fast charging, the ultimate goal is to make charging faster. On the surface, the charging speed of 65W fast charge is really fast, which can shorten the charging process to less than half an hour. As everyone knows, fast charging is not as fast as possible. High-power fast charging has some hidden safety hazards.

High-power fast charge faces the risk of battery explosion

A very simple technical principle, the greater the fast charging power of the mobile phone, the faster the charging rate, and the greater the risk of battery explosion. Because of this, the mainstream fast charge technology of mobile phones remained at about 40W last year. These days, flagship phones use 55W fast charge, and a few brands used 65W fast charge.

Last year, Xiaomi once showed 100W fast charge, and vivo showed 120W fast charge. However, 65W fast charge is currently the bottleneck of mobile phone fast charge technology. To put it plainly, the greater the fast charge power, the greater the risk of battery explosion.

How to minimize the explosion risk of high-power fast charge is the key to commercialization of high-power fast charge.

At present, both the 65W fast charge of OPPO and the 65W fast charge of Black Shark 3 mobile phones use dual cell technology.

As we all know, most mobile phones are single cells, and only a few mobile phones like iPhone X are dual cells.

These dual cell cores for mobile phones that support 65W fast charge technology are designed to reduce the risk of battery explosion during high-speed charging.

Compared with single cell, what is the difference between dual cell charging?

Generally speaking, 65W fast charging is to divide the charging power of 65W on two cells, which can reduce the charging power of single cell. According to the average apportionment, the charging power of a battery cell is only 32.75W, which is a very safe range.

However, if there is a problem with one of the cells, the cell phone battery still faces the risk of explosion.

The price of high-power fast charging is at the expense of battery capacity

In many people's opinion, faster charging with higher power can shorten the charging time of mobile phones.

As everyone knows, the price of high-power fast charging is the expense of battery capacity. Frankly, this approach is a little bit worthwhile.

From a technical point of view, the greater the power of mobile phone fast charging, the smaller the battery density. So, what is the relationship between battery density and battery capacity?

For a battery with the same volume, the higher the battery density, the larger the battery capacity. Therefore, Apple's mobile phone battery looks very thin and has a larger battery capacity than other mobile phones. This is because Apple ’s mobile phone has a higher battery density.

In order to ensure battery safety, the density of mobile phone batteries that support high-power fast charging cannot be too large. In other words, with the same battery volume, the larger the fast charge power, the smaller the battery capacity.

For example, OPPO Find X2 supports 65W fast charging, the battery capacity is only 4260mAh, and the capacity of a single cell is only 2130mAh.

You know, this year's Snapdragon 865 flagship, the battery capacity is above 4500mAh.

Compared with 4G mobile phones, 5G mobile phones are thicker and weigh more than 200g, which is quite heavy. If the phone supports faster charging with greater power, the only way to keep the battery capacity constant is to make the battery larger. As a result, the mobile phone will be thicker, which is difficult for consumers to accept.

For many years, Apple mobile phones only support 18W fast charging, not because Apple technology is backward, but because to maintain the thinness and lightness of the iPhone appearance, the use of higher power fast charging requires sacrificing battery capacity.

In addition, the density of Apple's mobile phone battery is too large, and there are too many technical problems to be solved using high-power fast charging.

Conclusion

Although the high-power fast charging of mobile phones has solved the risk of battery explosion, this technology, sacrificed for battery capacity, does not greatly improve the user experience. Indeed, 65W fast charge increases the charging speed, but the battery is less durable. 40W fast charge has a slower charging speed, but the battery is more durable. Needless to say, like other technologies, fast charging technology also needs a balance.

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What is Rotomac Fraud Bank Scam in India?

Rotomac’s Consortium: Writing its way into the scam book with bank fraud!

PNB involvement in Rotomac Scam