Mehul Choksi case: 8-member India team in Dominica


New Delhi, June 1 | Even as a private jet from Qatar landed in Dominica with documents related to fugitive businessman Mehul Choksi, wanted in the PNB loan fraud case, sources on Tuesday said members of the Central Bureau of Investigation, Enforcement Directorate and Ministry of External Affairs are camping in the island nation.

According to informed sources, an eight member team from India reached Dominica on Saturday afternoon in a private jet that left from New Delhi on Friday evening.

The sources said that two members each from MEA, CBI and ED along with two CRPF commandos were in Dominica for the hearing in the Choksi extradition matter scheduled on June 2.

The source said that the officials of the CBI and ED from Mumbai zone were called on Friday to the national capital, who then boarded the private jet for Dominica.

However, senior officials of the CBI and ED remained tight-lipped on the number of officials sent to Dominca for Choksi case hearing.

On Saturday, Antigua and Barbuda Prime Minister Gaston Browne also confirmed that a private jet has landed in Dominica with certain documents related to Choksi who was involved in a multi-million dollar bank scam in India.

Browne was responding to a question during his radio programme on a question about a private jet arriving in Dominica from Qatar and said, “Yes I can confirm that a jet is there. My understanding is that the Indian government has sent some documentation from the courts to confirm that Choksi is a fugitive.

“My understanding is that it is for the court hearing scheduled on Wednesday (June 2) as the Dominica court has put a stay on his deportation. So the Indian government seems to be going all out to ensure that he is repatriated to India and face charges there.”

Choksi, who is wanted in India by the CBI and the ED in Rs 13,500 crore Punjab National Bank (PNB) fraud case had gone missing from the island nation on May 23, sparking a massive manhunt.

He was captured in Dominica on May 26.

A Dominican court has restrained his deportation till June 2 as it hears a habeas corpus filed by Choksi’s lawyers.

On Saturday, several pictures of Choksi emerged online showing several bruise marks on his arms and swollen eyes.

Choksi has been residing in Antigua and Barbuda since January 4, 2018, days before the CBI registered a case of bank fraud against him and his nephew, Nirav Modi, among several others. The CBI and ED, which have filed separate charge sheets in the case, are trying for his extradition.

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  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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