Deve Gowda, HDK may back BJP govt to avert midterm polls: Horatti

News Network
December 8,2019

Bengaluru, Dec 8: Senior JD(S) leader and MLC Basavaraj Horatti has claimed that the BJP government will survive even if the party wins seven seats in the byelections.

Speaking to media persons he said that that BJP may not engage in Operation Kamala if it wins at least seven or eight seats.

He said the BJP will face problems only if it wins four to five seats. Claiming that no party — BJP, Congress or JD(S) — wanted midterm polls, he indicted the possibility of a coalition government if the BJP failed to win adequate seats.

“They will seek the support of JD(S) if Operation Kamala is not launched. Deve Gowda and Kumaraswamy have already said that Yediyurapa government will not fall. They can’t do magic. Instead, they may support the government,” he said.

“I cannot predict who will go with whom if the BJP fails to win the required seats to form a stable government in the State. But I feel no one wants midterm polls. If BJP wins seven seats, then I can’t say how many will switch over to the BJP, but if the party gets only a few seats, then somebody will go over to save the government,” Mr. Horatti said. 

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Udupi: Byndoor police station sealed for 2nd time after 3 staff test covid positive

News Network
July 16,2020

Byndoor, Jul 16: Byndoor Police Station in Kundapur taluk of Udupi District, has been sealed for the second time in a month, after three personnel including an ASI were tested positive for Covid-19 on Thursday.

All the three including a lady Home Guard have been admitted to the designated Covid Hospital.

Last month the Station was sealed after staff had tested positive.

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POCSO case accused kills self minutes before being shifted to jail

News Network
July 19,2020

Kasaragod, Jul 19: An accused in a case registered under the Protection of Children from Sexual Offences (Prevention) Act (POCSO) killed self minutes before being shifted to the jail on Sunday.

Police sources said the criminal, Shaiju, was admitted to Covid-19 observation ward after he was arrested and remanded to judicial custody after he was charged with a case under POCSO for unnatural sex with a neighbour boy recently.

The accused had made a similar attempt last month but was implicated in a case after his treatment.

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Late coffee baron Siddhartha routed Rs 2,693 crore from Coffee Day to another firm: probe

News Network
July 26,2020

Bengaluru, Jul 26: A year-long probe by Coffee Day Enterprises Ltd (CDEL) has found that its late founder V G Siddhartha routed Rs 2,693 crore out of the company to Mysore Amalgamated Coffee Estates Ltd (MACEL), another privately-owned entity of him.

The MACEL owes Rs 3,535 crore to subsidiaries of Coffee Day Enterprises as of July 31, 2019 of which only Rs 842 crore was accounted.

"Therefore, a sum of Rs 2,693 crore is the incremental outstanding that needs to be addressed," said the report of an investigation headed by Ashok Kumar Malhotra, a retired DIG of Central Bureau of Investigation (CBI) and assisted by law firm Agastya Agastya Legal.

Siddhartha was found dead in early August 2019, and many suspected that he had committed suicide.

Steps are being taken by subsidiaries of CDEL for recovery of dues from MACEL, the company said.

"The board authorised the Chairman to appoint an ex-judge of the Supreme Court or the High Court, or any other person of eminence, to suggest and oversee actions for recovery of the dues from MACEL and to help on any other associated matters," it said in regulatory filings at stock exchanges late on Friday.

The probe further gives clean chits to the Income Tax Department and the private equity firms who Siddhartha in his parting letter had alleged of harassment.

"We have not been provided with any documentary evidence to draw an inference that there may have been any advertent or inadvertent harassment from the Income Tax Department," said the probe report.

The probe also highlighted severe liquidity crunch at CDEL in the build-up to Siddhartha's death.

A committee supported by senior professionals was formed to protect the interest of all stakeholders. CDEL said the debt levels which were about Rs 7,200 crore on March 31, 2019 have been brought down significantly by Rs 4,000 crore. The present debt of the group is around Rs 3,200 crore.

"The disinvestment process in the group continues and we are confident to have effective solution to all stakeholders," it said.

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