Business deals

Israeli Police name Ratan Tata in PM Netanyahu’s alleged dealings with Hollywood producer: Report

However, the Indian industrialist’s office said the news report was factually incorrect and appeared to be motivated.

The Israeli Police’s recommendation to prosecute Prime Minister Benjamin Netanyahu in two cases of bribery and fraud includes the name of Indian industrialist Ratan Tata, Ynetnews reported on Wednesday.

Hollywood producer Arnon Milchan reportedly tried to promote a free trade zone on the Israel-Jordan border as part of his partnership with Tata, the Israeli media outlet said. The project, which the Israeli Police said was against the advice of the country’s defence establishment, would have generated “huge profits” but was scrapped because of the security costs Israel would incur.

However, Tata’s office said that the references to the industrialist in the Ynetnews report were both “factually incorrect and appear to be motivated”. The industrialist received a proposal in 2009 to help build a low-volume automotive assembly plant on the banks of the Jordan river, the statement said. “The intention was to provide skilled employment to Palestinians.” However, the discussions on the project, which eventually did not take off, were held between a Tata team and Israeli authorities, and not with Milchan, the industrialist’s representative claimed. “Mr Tata wishes to clarify once again that there has never been any partnership in any such project with Mr Milchan.”

Israeli media had reported in 2017 that Tata testified before Israeli police officials about his alleged links with Milchan’s project during a trip to Tel Aviv. “During Mr Tata’s visit to Tel Aviv, on November 1, 2017, to address a conference on Mobility, he met a team of Israeli investigators at their request, and enunciated these facts to them,” the industrialist’s representative said.

Netanyahu is accused of accepting gifts from Milchan in exchange for helping him get a United States visa. He also allegedly tried to influence coverage in Yedioth Ahronoth, Israel’s largest newspaper, in exchange for help with slowing the growth of a rival paper.

Support our journalism by subscribing to Scroll+ here. We welcome your comments at letters@scroll.in.
Sponsored Content BY 

Innovations in payment options are making premium products more accessible

No need for documentation or applications to own high-quality items

Credit cards have long been associated with an aspirational lifestyle. The ability to buy something out of your wish list without needing to pay the entire amount can tempt even the most disciplined shoppers. A designer couch, the latest mobile phone, a home entertainment system or a car, as long as you can pay back the borrowed amount within the grace period, your credit card purchases know no bounds.

However, credit cards, pre-approved or not, come with a number of complications. The tedious application procedure starts with the collection and submission of various documents. Moreover, there are several reasons your credit card application might get rejected including low income that compromises your repayment capability, certain occupations or work history, mistakes in the application form, possession of multiple cards or even a failed physical verification attempt. While applying for a credit card might have become easier, the success of the application can take time and effort.

Credit card owners are regaled with benefits all year round with attractive EMIs, offers on purchases, airline miles, lounge access, cashbacks and a plethora of exclusive deals. It’s worth noting that debit card owners don’t get even half of these benefits and offers, despite the sheer size of the debit card customer base in the country (846.7 million compared to 36.2 million credit card holders).

This imbalance of finance and purchase options between credit card and debit card owners is slowly changing. For instance, the new EMIs on debit card feature on Flipkart ensures affordability and accessibility to Indian consumers who don’t own credit cards. The payment innovation increases the purchasing power of the consumer. By providing credit access to non-credit card holders, expensive and high-quality products are made more affordable for a large base of customers without denting their cash flow. The video below comically captures a scenario that people who don’t own a credit card will relate to.

Play

Flipkart’s EMIs on debit card feature doesn’t require a minimum account balance, documentation, nor does it charge a processing fee, making online shopping a seamless experience even for more high-end products. To find out if you’re eligible for EMIs on debit card, see here.

This article was produced by the Scroll marketing team on behalf of Flipkart and not by the Scroll editorial team.