Choksi can’t be moved out of Dominica: Lawyer claims (Lead)

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New Delhi, May 28 | Fugitive businessman Mehul Choksi cannot be moved out Dominica until further orders, a court said while hearing the petition of the businessman, who has been captured in Dominica on Wednesday.

Choksi is wanted in India by the CBI and the ED in Rs 13,500 crore Punjab National Bank (PNB) fraud case. He had gone missing from Antigua and Barbuda on Sunday, sparking a massive manhunt. He was captured in Dominica on Wednesday.

Choksi’s lawyer Vijay Agarwal told IANS: “Upon filing of habeas corpus petition titled Mehul Choksi versus Attorney general of Commonwealth of Dominica and chief of police, Dominica court has ordered a restraint on removing Choksi from the land of Dominica until further order.”

He said that the Dominica court has also permitted legal assistance and access to lawyers to Choksi.

Agarwal said that the matter shall be now heard on Friday morning in Dominica.

On Thursday night, Agarwal had said Choksi was forced to get into a vessel from Antigua and he was taken to Dominica.

He also claimed that Choksi was kept there and then on Monday he was taken to the police station but the news of his arrest was broken only on Wednesday and there are marks on his body of the force.

The advocate said: “Choksi has narrated his horrifying experience which is an eye-opener and vindicates my stand that he would not have gone from Antigua voluntarily. Choksi has said that he was forced to get into a vessel from Jolly Harbor in Antigua and he was taken to Dominica.”

Agarwal also said that Choksi was kept there, and then on Monday he was taken to the police station. Since then he has been there and this news to the world was broken only on Wednesday.

He claimed that there are marks on Choksi’s body of the force.

“There is something fishy and I guess it was a strategy to take him to another place so that there are chances of sending him back to India. So I don’t know what forces are operating. The time will tell,” he said.

On Wednesday, Antigua and Barbuda Prime Minister Gaston Browne has said that the fugitive diamantaire “needs to return to India” where he can face the criminal charges levelled against him.

Antigua News Room, a media outlet, quoted Browne as telling journalists in Antigua and Barbuda: “We asked them not to repatriate him to Antigua. He needs to return to India where he can face the criminal charges levelled against him.”

The Antigua Observer also said that Browne has reportedly told the media in India that he has asked Dominican government to detain Choksi for entering their country illegally. “Browne has asked that officials in Dominica make Choksi persona non grata and have him deported directly to India,” the Antigua Observer reported.

Choksi, an accused in the over Rs 13,500 crore PNB fraud case along with his nephew Nirav Modi, has been residing in Antigua and Berbuda since January 4, 2018.

The CBI and ED, which have filed separate chargesheets in the case, are trying for the extradition of Choksi.

Source: IANS

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Does MBA really help in getting a better job offer ?

Does MBA really help in getting a better job offer ?

Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com  74% MBA 2022-24 aspirants said they would opt for education loans.

There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.

  • So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
  •  Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?  

These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.

While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.

However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.

  • Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
  • B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
  • Institutes should have the right mix of faculty members with industry exposure and pure academics.

The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.

It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.

After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.

Author Name : Nirmalya Pal

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