Imran declared business unit as NPA to usurp subsidy

SRINAGAR, June 15: In a prime fraud devoted by means of the Srinagar’s Deputy Mayor Sheikh Imran with lively connivance of Jammu and Kashmir Bank and Government officers, he has declared certainly one of his mortgaged enterprise units as Non-Performing Account (NPA) without paying any installment to the bank and bought it to M/s Go Fresh without transferring the papers and financial institution has provided loan to the client towards mortgaged unit.


The Anti Corruption Bureau has registered a case (FIR No. Three/2019 underneath phase 5(1) (d) P.C Act Samvat 2006, punishable u/S five(2) of the Act r/w 420 & one hundred twenty-B RPC)in Police Station Anti Corruption Bureau, South Kashmir (Anantnag) towards Shiekh Imran Director M/S Kehwa Square Pvt Ltd Bohri Kadal Srinagar, officers of J&K Bank and other Govt officers, for illegal appropriation of subsidy with inflated mission price for status quo of CA garage at Lassipora, Pulwama.
The ACB has discovered that proprietor (s) of M/s Go Fresh Nadeem Ahmad who bought the mortgaged enterprise CA keep of M/s Kehwa Square Pvt Ltd acquired the loan quantity of Rs 36.10 crores from the Bank illegally. He physically took over the operation of the CA garage commercial enterprise unit from Sheikh Imran without formal switch of assets and liabilities in his favor. Sources said that M/s Go Fresh turned into already NPA with the Bank.
The financial institution government prolonged the mortgage facility of Rs 36.10 crores to M/s Go Fresh on the same property which turned into already beneath hypothecation with the bank as an asset of the principal borrower i.E M/s Kehwa Square Pvt Ltd.
The ACB inquiry discovered that criminal layout of promoting of a mortgaged property via Sheikh Imran and his companions turned into finished with the energetic support of the officials of J&K Bank via commercial enterprise unit M/s Go Fresh. The financial institution gave a mortgage of Rs. 36.10 crores with the association of margin cash of Rs 1.90 crores in lieu of the mortgaged business unit, CA Store Lassipora, to M/s, Go Fresh.
The inquiry discovered that cost of CA Storage unit was discovered to were inflated to Rs forty-seven crores as opposed to the real cost of Rs 17 crore, for claiming more subsidy from the authorities by raising inflated and bogus bills. The Horticulture officers and financial institution officers had been observed worried about the fraud by using which price of the unit was proven inflated for buying government subsidy.
The inquiry similarly talked about that so that you can usurp the subsidy factor the proprietor of M/s Kehwa Square Pvt Ltd Sheikh Imran and his companions declared the CA Store as NPA without paying even an unmarried installment toward the financial institution.
ACB has discovered that M/s Kehwa Group has six extra enterprise gadgets and its owner Sheikh Imran has raised numerous loan facilities and overdrafts for those commercial enterprise units. The liabilities due to mortgage accrued to Rs 138 crores and Kehwa Square and its sister concerns had grown to become NPA and Sheikh Imran sought one-time agreement with J&K Bank government.
The bank granted wave off liabilities of Rs.33 crores to Sheikh Imran and became asked to deposit Rs one zero five crores in two installments with the primary installment of Rs 50 crores to be paid by means of 25.03.2017 as one-time agreement.
The ACB has located that M/s Kehwa Square Pvt. Ltd. Changed into the given further concession of Rs 28 crore to second installment of 1 Time Settlement (OTS) of Rs fifty-five crores.
It has been set up that the M/s Kehwa Group has were given their loan of Rs 138 crores with J&K Bank, restructured for simply a number of Rs 78 crores under a nicely knit conspiracy with the aid of Sheikh Imran and partners of M/s Kehwa Square Pvt. Ltd. With covert and overt support by means of officials of J&K Bank and Joint Inspection Team.

Why Tokyo struggles to stop the ‘JK enterprise

On a humid Wednesday night time the streets of Kabukicho, Tokyo’s maximum well-known pink mild district, hum with people. Some are tourists, here to gawp and take selfies, however, others are clients. Adverts for clubs flash and sing and girls dressed as maids maintain symptoms presenting deals for neighborhood bars.

In a grubby shopfront, a perky cartoon featuring a lovable Mr. Men-style creature offers element-time paintings. The ad, which has an alarmingly catchy jingle, doesn’t specify what the work is, however it doesn’t want to: the answer is all around us on the brightly lit billboards marketing the charms of male and lady bar hosts.

Tokyo is famous for its fairly wild crimson light scene. You can locate something from a handsome guy to make you cry and wipe away your tears to a maid to pour your beverages and snigger at your jokes and a come upon in one of the notorious “soapland” brothels.

You also can pay to spend time with a schoolgirl. Services may encompass a talk over a cup of tea, a walk inside the park or perhaps a photo – with some places providing as a substitute more intimate options.

Or as a minimum, you could for now – unless the human beings in the garish pink bus have their manner.
Run with the aid of the charity Colabo given that October 2018, the purple bus seems in strategically selected spaces in the metropolis once a week; tonight it is parked outdoor Shinjuku town corridor. Volunteers desire to use it to offer a safe space for faculty-age girls vulnerable to being lured into the Joshi Kosei, or JK business because the schoolgirl-themed services are recognized.

“JK commercial enterprise scouts have a tendency to be men in their 20s and 30s,” says Yumeno Nito of Colabo. “They are very aware of tendencies and are true at understanding the ladies’ economic repute by means of searching at their garments and make-up.” Poverty and coffee shallowness are often elements within the manipulation of young girls by means of scouts, Nito says.

The fetishisation of Japanese schoolgirls in Japanese tradition has been related through a few academics to a 1985 song known as Please Don’t Take Off My School Uniform, launched through the lady idol organization O-nyanko Club, and re-launched by way of no much less mainstream a set than AKB48, one of the highest-incomes musical performers in Japan and whose unmarried Teacher Teacher bought more than 3m copies in 2018.
The time period “JK commercial enterprise” has ended up a seize-fascinated with cafes, shops, and online groups which give quite a number “sports”, lots of which are not openly sexual. Young girls in college uniforms may be offered for reflexology and rub down remedies, pictures periods and “workshops” in which ladies monitor glimpses of their undies as they take a seat folding origami or creating jewelry.

But even as many of these have a strict no-touch policy, a share does cause physical encounters. And whilst non-bodily encounters may additionally make up most people of suggested instances of JK activity, the reality that intercourse does now not take place does no longer suggest no harm is completed.

In 2016, Maud De Boer-Buquicchio, the UN unique rapporteur on toddler intercourse trafficking and sexual abuse, raised extreme worries approximately Japan’s JK and the pornography industry. She highlighted the dearth of updated authentic information and referred to as for a complete method to tackle the basis causes of exploitation, noting that different types of famous Japanese leisure, which includes “junior idol lifestyle”, are stressful examples of kids being treated as sexual commodities.

“We nearly allow guys to mention: ‘Yeah, I’m drawn to young youngsters, as younger as 14, 15,’” says Shihoko Fujiwara, founder of Lighthouse, a charity operating to end human trafficking in Japan. “Even on TV, comedians will say: ‘I like to this point junior excessive school girls.’ People make amusing of these comments, but still, they’re made.”

Japan’s anti-prostitution laws broadly restrict the sale and purchase of intercourse, but there are considerable loopholes, of which establishments together with soaplands take complete benefit. Crucially, in the case of JK organizations, Japan has no precise anti-trafficking laws in place. Ordinarily, a toddler beneath 18 worried in sex paintings is mechanically taken into consideration trafficked, with harsh consequences for those accountable.

Pornography legal guidelines regarding youngsters are also restrained – they do not, as an example, cowl manga, anime, or really created content material, permitting video games inclusive of 2006’s controversial (and now not available) RapeLay, in which the player stalks and attempts to rape an unmarried mother and her school-age daughters.

In 2017, with the Olympics drawing near, the police cracked down at the growing wide variety of JK businesses throughout Tokyo.

A new ordinance requires JK corporations to be registered with the police and prohibits the employment of women below the age of 18. JK businesses cannot be positioned within 2 hundred meters of colleges, nurseries, hospitals or different public buildings, and no person beneath 18 can distribute fliers for the corporations, or recruit other teenagers.

Inspector Hiroyuki Nakada, the deputy supervisor of the Juvenile Support Division, says the police are assured that their method is running. But he says teaching youngsters on the dangers is also key: “It’s not enough simply to govern.”

Nakada says that thanks to the new, tight policies, just three stores were prosecuted and fined final 12 months.

“Over the past years, since the ordinance came into force, we haven’t visible [underage] ladies [in JK businessess]” says Nakada. “[Officers] have visited these shops, but they haven’t seen women. But we think perhaps there’s a loophole, maybe there are women running, however, they’re in all likelihood adults who’re wearing uniforms … They name it JK commercial enterprise however they’re in all likelihood pretending to be schoolchildren.”

Critics argue that business owners have observed new ways to bypass the law. The problem may additionally now actually be less visible; greater proprietors operate online, away from bodily shops and cafes, and a few may additionally have clearly opened new businesses beneath different guises.