Pawan Kumar Bansal

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Pawan Kumar Bansal
PawanKumarBansalChd.JPG
Former Union minister Pawan Kumar Bansal
Former Minister of Indian Railway
In office
28 October 2012 - 10 May 2013
Prime Minister Manmohan Singh
Succeeded by C. P. Joshi
Minister of Parliamentary Affairs
In office
28 May 2009 - 28 October 2012
Personal details
Born (1948-07-16) 16 July 1948 (age 66)
sunam, sangrur district, Punjab
Political party Indian National Congress
Spouse(s) Madhu Bansal
Children 2 sons
Residence Chandigarh
Religion Hinduism
As of May 28, 2009
Source: [[1]]

Pawan Kumar Bansal (born 16 July 1948) is an Indian National Congress politician and a former minister under Manmohan Singh. He represents the Chandigarh constituency in the 15th Lok Sabha of India.

In May 2013, while serving as Railway minister, he was forced to resign[2] after his nephew Vijay Singla was implicated in the Rs. 10 crore Railway bribery scam.[3]

He is an Indian National Congress candidate from Chandigarh in the 2014 elections.[4]

Early life[edit]

Pawan Kumar Bansal comes from Tapa, near Barnala in Punjab.[5] He schooled in the Yadavindra Public School, Patiala, and then completed BSc from the Government College, Sector 11, Chandigarh. He also holds an LLB degree from the Department of Law, Panjab University, Chandigarh.[6][7]

Career[edit]

Pawan Kumar Bansal has represented Chandigarh as a member of Parliament in the 10th, 13th, 14th and the current Lok Sabha. He has worked as the Minister of Parliamentary Affairs and the Minister of Water Resources in the current Lok Sabha. He also held the charge of the Minister of State for Finance and Parliamentary Affairs in the First Manmohan Singh Cabinet.

Railway Minister[edit]

He took over as the Railway Minister, becoming the first from his party since 1996. Soon after becoming Railways minister, he approved an increase in fares, which has been unchanged for the last 15 years, to allow the Indian Railways to be profitable.

Following allegations of corruption, bribery and serious irregularities, he resigned as the Railway Minister on 10 May 2013.[8] He contested the 2014 Lok Sabha Elections from Chandigarh.[9]

Personal life[edit]

He is married to Madhu Bansal, who owns the firm Theon Pharmaceuticals. Their two sons, Amit and Manish,[10] are also involved in the firm, whose turnover went from Rs 15 crores in 2008 to 152 crores in 2012.[11] In 2011, samples of the firm's drugs were found to be substandard.[12] The magazine India Today has suggested that Bansal facilitating clearances may have fueled the firm's astronomical growth.[13]

Resignation on Corruption charges[edit]

For more details on this topic, see Railway bribery scam.

On 3 May 2013, the CBI arrested his nephew, Vijay Singla, after they caught an aide counting two bags of cash[14] containing Rs. INR90 lakh (US$150,000), allegedly part of a bribe from Mahesh Kumar, for being promoted to member, Railway Board. [10] [15] [16] [17]

For several days, Bansal resisted pressure from the media to resign.[18] Eventually, Sonia Gandhi met Prime Minister Manmohan Singh on May 9, 2013[19] and Bansal was asked to resign the following day.[20] In July 2013, CBI indicated in court that Bansal may not have known about the bribe,[21] but the trial judge indicated that "she may ask for the former minister's role to be examined during the trial."[22]

Other revelations have showed that while Bansal was minister of state for finance (2006-2009), the family accountant Sunil Gupta was appointed on the board of the public sector Canara Bank.[23] Subsequently, the bank became the major banker to the family's firms, extending a loan of Rs. 10 crores to Theon Pharma (2008),[24] and a Rs. 40 crore loan to Vijay Singla's firms.[25] Gupta and the bank however, have stated that there was nothing amiss about these loans.[24]

[26]==References==

  1. ^ "Fifteenth Lok Sabha - Members Bioprofile". Lok Sabha. Retrieved 2013-05-05. 
  2. ^ "Pawan Bansal resigns as Railways Minister over bribery charges". Indian Express. May 10, 2013. 
  3. ^ PTI (July 11, 2013). "Railway bribery scam: Former minister Pawan Bansal's nephew, six others sent to judicial custody till July 19". NDTV. 
  4. ^ Bhairavi Singh (March 22, 2014). "30% candidates from BJP and Congress face criminal charges: survey". NDTV. 
  5. ^ "Residents hopeful from railway minister Pawan Bansal’s maiden visit". The Times of India. 11 Dec 2012. Retrieved 2013-05-05. 
  6. ^ "Biographical Sketch - Member of Parliament". Parliament of India. Retrieved 2013-05-05. 
  7. ^ Detailed Profile - Shri Pawan Kumar Bansal - Members of Parliament (Lok Sabha) - Who's Who - Government: National Portal of India[dead link]
  8. ^ "India Railway Minister Resigns". The Wall Street Journal. May 10, 2013. Retrieved 2013-05-10. 
  9. ^ http://indianexpress.com/article/india/politics/election-live-2014-march-13/
  10. ^ a b Neeraj Chauhan, Mahendra Singh (May 5, 2013). "Railway scam: Congress caught in a bind over Bansal's fate". The Times of India. Retrieved 2013-05-05. 
  11. ^ "'The Chandigarh club': The rise of Pawan Bansal's family empire". CNN-IBN. May 10, 2013. 
  12. ^ http://www.dnaindia.com/india/report-drug-firm-run-by-rail-ministers-family-fails-quality-tests-1832695
  13. ^ SPS Pannu (May 11, 2013). "Scam-tainted Pawan Bansal's Theon Pharmaceuticals manufactured substandard medicines". India Today.  quote: According to sources, the company thrived under Bansal's patronage and got contracts from big companies such as Cipla, Ranbaxy and Piramal, as it had access to quick government clearances.
  14. ^ Abhishek Bhalla (5 May 2013). "Bansal refuses to quit despite revelations that CBI tracked nephew Singla and Kumar in three-month investigation". London: dailymail.co.uk. The plot was busted on Friday as the CBI raided the office of Sandeep Goyal in a Chandigarh mall while the duo were counting money packed in two bags and delivered to them by the two courier boys.
  15. ^ "Bansal's nephew remanded in CBI custody, Congress core group meets.". The Times of India. May 4, 2013. Retrieved 2013-05-05. 
  16. ^ "Pawan Kumar Bansal's nephew booked by CBI for accepting Rs 90 lakh bribe - The Times of India". The Times Of India. 
  17. ^ Railway Minister Pawan Bansal's nephew arrested by CBI for allegedly accepting bribe | NDTV.com
  18. ^ "Bansal refuses to quit despite revelations that CBI tracked nephew Singla and Kumar in three-month investigation". Daily Mail (London). 5 May 2013. Retrieved 2013-05-07. 
  19. ^ "Pawan Bansal resigns after Sonia meets Manmohan". The Times Of India. May 10, 2013. 
  20. ^ After Railway Minister Pawan Kumar Bansal, Law Minister Ashwani Kumar resigns. NDTV.com (2013-05-10). Retrieved on 2013-07-16.
  21. ^ "CBI gives clean chit to Pawan Kumar Bansal in railway bribery scandal". Deccan Chronicle. 5 Jul 2013. Retrieved 10 July 2013. 
  22. ^ Sunetra Choudhury, Prasad Sanyal (July 20, 2013). "Railway bribery scam: Pawan Bansal may be probed during trial, says judge". NDTV. 
  23. ^ "Bansals' firms received Rs 60 crore loans after confidante became Canara Bank director". The Time of India. May 9, 2013. 
  24. ^ a b Rohini Singh (May 8, 2013). "Pawan Bansal’s Finance Ministry days: Auditor of firms founded by his kin nominated to Canara Bank board". Economic Times. 
  25. ^ Asit Jolly and Bhavna Vij-Aurora (May 10, 2013). "The million-dollar nephew: Arrest of Vijay Singla by the CBI uncovers a jobs-for-cash scandal that has blown the lid off rampant corruption in railways". India Today. 
  26. ^ "Bansals' firms received Rs 60 crore loans after confidante became Canara Bank director". Retrieved 9 May 2013. 

External links[edit]

Political offices
Preceded by
C. P. Joshi
Minister of Railways
28 Oct 2012 - 10 May 2013
Succeeded by
C. P. Joshi
Preceded by
Vayalar Ravi
Minister of Parliamentary Affairs
2009-12
Succeeded by
Kamal Nath
Preceded by
unknown
Minister of Water Resources
unknown
Succeeded by
Harish Rawat