Amanath Bank bailout: HC asks Jaffer Sharief to pay Rs 43 crore in two weeks

September 1, 2015

Bengaluru: Sep 1: The Karnataka High Court has directed former union minister C K Jaffer Sharief, one of the shareholders in Amanath Co-operative Bank Ltd (ACB), to pay Rs 43 crore to the High Court registry within two weeks towards the amount to be deposited for revival of the bank.

Justice S Abdul Nazeer passed the order hearing the petition filed by Masjid and Madrasa Arabia Waliullah seeking directions from the court to revive the bank as it is facing financial crisis due to irregularities.

In June 2015, the High Court had directed Sharief to file an affidavit on his promise to raise Rs 67 crore to bail ACB out of its financial crisis.

The court had sought details of the money to be raised and when would the former minister pay the promised money. Sharief had offered to raise Rs 67 crore to revive the bank instead of its proposed merger with Canara Bank.

On Monday, the bench also directed the government counsel to submit reports with regard to proceedings pending before the lower court against Rahman Khan, former union minister. The bench adjourned the next hearing to September 15.

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Elusive bamboo shrimp resurfaces in Mangaluru estuary after 70 years

News Network

December 7,2025

Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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