IMA ponzi scam | Roshan Baig's properties will be attached: Govt tells HC

News Network
June 26, 2021

Bengaluru, June 26: The government of Karnataka has informed the High Court that it is in the process of identifying the properties of former minister Roshan Baig for attachment in connection with the I Monetary Advisory (IMA) scam case.

The government stated that prima facie it has found that Baig has played a key role in promotion of the IMA group, its business activities and has also obtained financial gains.

In the affidavit filed before a division bench headed by Chief Justice Abhay Shreeniwas Oka, Principal Secretary to Revenue department R Manjunath Prasad has stated that a notification to attach the movable and immovable properties of Baig will be issued under the Karnataka Protection of Interest of Investors in Financial Establishments (KPID) 2004. The affidavit stated that a communication had been sent to the competent authority under the KPID Act in the IMA case on May 4, 2021 and a reminder on June 14, 2021 for sending a report after identifying the assets.

“Further, the Commissioner of BBMP as well as Deputy Commissioner, Bengaluru Urban and Deputy Commissioner, Bengaluru Rural district have also been intimated to identify the properties belonging to ex-MLA R Roshan Baig and send the report back to government immediately,” the affidavit said.

It could be recalled that the court had directed the state government to reconsider its stand on attachment of properties of Roshan Baig. This direction was passed after the government maintained that its officers were not well acquainted in such matters, especially when assets concern people not linked to the administration of the company.

The court had directed the state government to act in accordance with section 3 of the Karnataka Protection of Interest of Depositors in Financial Establishments (KPID) Act for attachment of properties of directors and also assets procured out of the money of the depositors. The state government has now said that a notification for attachment of properties as per Section 3 of the KPID Act will be issued as soon as it gets details of the properties.

The bench posted the matter to July 7 for further consideration. The court said it will also take up the issue of Rs 12.82 crore donation made by IMA group to V K Obaidulah Government School in Shivajinagar. The court had directed the state government to take a decision on reimbursement of this amount to the competent authority. In response, the Department of Primary and Secondary Education has informed that the amount received as donation/gift cannot be paid back. 

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News Network
June 2,2024

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Melkar Women’s PU College, Marnabail, Dakshina Kannada, has been conferred with ‘Excellence Award’ by Muslim Educational Institutions Federation (MEIF) for achieving cent per cent result in 2nd PUC arts, commerce and science streams in the academic year of 2023-24. 

S M Rashid Haji, chairman of Mangalore Education Enhancement Trust (MEET) received the award on behalf of the management committee of the college during recently held MEIF annual conference in Mangaluru. 

Mohammed Farhaad, Pro Chancellor of the Yenepoya (deemed to be) University, Nisar Ahmed, Chancellor of Presidency University, Syed Mohamed Beary, Chairman of Bearys Group of Institutions, Musabba Beary, chairman of MEIF, Iqbal Ahmed, Umar Teekay and B M Mumtaz Ali were present. 

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News Network
June 4,2024

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New Delhi: Prime Minister Narendra Modi has won the Varanasi Lok Sabha seat for a third time. Mr Modi has beaten the Congress' Ajay Rai by over 1.5 lakh votes. In third place was the Bahujan Samaj Party's Ather Jamal Lari, who finished nearly 5.8 lakh behind the Prime Minister.

The party has won this seat nine times since 1991, with only RK Mishra of the Congress, in 2004, breaking that streak. And it was, for some time, another Congressman who raised opposition hopes.

Earlier today Mr Rai - who has contested and lost each of the past three general elections from the temple town - threatened (briefly) to cause, perhaps, the biggest shock in Indian electoral history.

Initially Mr Rai was leading the Prime Minister by 6,223 votes. As the day wore on, though, the PM stretched his legs and disappeared into the distance, finishing with over 6.12 lakh votes.

However, delight over the Prime Minister's win is likely to be tempered by the BJP's less-than-stellar performance across the state in this election, despite having dominated its electoral politics since 2014, when a 'Modi wave' swept UP (and the country) and corralled 61 of its 80 Lok Sabha seats.

Since then the BJP has been nearly unbeatable in UP.

That was followed by a Yogi Adityanath-led BJP scripting a stunning revival at the state level - by winning 312 of the state's 403 Assembly seats. In 2012 the BJP had won only 47 seats.

Yogi Adityanath claimed a second term in 2022, despite the party being heavily criticised over the farmers' protests. And, before that, the BJP amassed 62 seats in the 2019 general election.

The 2024 Lok Sabha election in UP was expected to be no different, at least according to exit pollsters, who handed Mr Modi's party a big win. A poll of exit polls gave the BJP 68 seats.

The Congress-led INDIA bloc was only expected to get 12 seats.

The reality, though, has been starkly different.

Driven by Akhilesh Yadav's Samajwadi Party, the INDIA group has gone head-to-head with the BJP in UP and will, most likely, finish a distant second - an unthinkable result before today.

The SP is set to win 38 seats - a record haul for the party in Lok Sabha polls - if the numbers hold, while the Congress will win seven. Crucially, the Congress is set to win back the Amethi bastion it lost to the BJP's Smriti Irani five years ago; the outgoing Union Minister had beaten Rahul Gandhi.

However, it is not Mr Gandhi who will gain revenge for the Congress.

It will be Kishor Lal Sharma, after Rahul Gandhi opted to contest the Raebareli seat - in addition to defending his Wayanad seat - left vacant by his mother Sonia Gandhi's shift to the Rajya Sabha.

Mr Gandhi is en route to massive wins from both seats.

The turnaround in UP is the story of the day and underlines the INDIA bloc's surprising challenge to the BJP, which includes tight contests in two other battleground states - Bengal and Maharashtra.

In Bengal Mamata Banerjee's Trinamool fought off an early surge from the BJP and is likely to improve on its haul of 22 (of 42) seats from the 2019 election. More importantly, it will knock back the BJP in the eastern state, from which much was expected after a record haul of 18 last time.

Meanwhile, in Maharashtra the Maha Vikas Aghadi, despite being rocked by splits within the Shiv Sena and Sharad Pawar's NCP, has dominated. The MVA, which also includes the Congress, is on course to win 29 of 48 seats in a state in which the BJP was hoping to make big gains.

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News Network
June 11,2024

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Bengaluru: Women in Karnataka have availed themselves of 227 crore free rides in government non-luxury buses under the "Shakti" guarantee in the last one year, costing the state exchequer Rs 5,526.64 crore, Transport Minister Ramalinga Reddy said on Tuesday.

The Congress government, led by Siddaramaiah, launched the "Shakti" scheme one of the five guarantees which the party had promised before the Assembly elections on June 11 last year.

These promises are said to have yielded rich electoral dividends to the Congress, helping it dethrone the Basavaraj Bommai-led BJP government.

As the government celebrates one year of "Shakti" guarantee implementation, Reddy said in a statement that 226.95 women travelled free of cost in the government buses.

Most such rides were accounted for by the Bangalore Metropolitan Transport Corporation buses (BMTC-71.45 crore), followed by Karnataka State Road Transport Corporation (KSRTC-69.5 crore).

North West Karnataka Road Transport Corporation (NWKRTC) and Kalyana Karnataka Road Transport Corporation (KKRTC) posted 52.12 crore and 33.47 crore free rides, respectively.

KSRTC incurred an expenditure of Rs 2,111.14 crore, NWKRTC Rs 1,352.68 crore, KKRTC Rs 1,125.81 crore and BMTC Rs 937.01 crore, the statement said.

Reddy said several measures have been taken to improve the public transport system such as approval for the induction of 5,800 new buses. In addition, 2,438 new buses have been inducted across the four transport corporations in recent times.

According to the minister, the state inducted new buses with brand name Pallakki, Ashwamedha Classic, Kalyana Ratha and Amogha Varsha.

Approval has been accorded for recruitment of 9,000 posts in the department. In this regard, appointment orders have been issued to recruit 1,844 driver-cum-conductors and technical assistants, Reddy said.

"Recruitment for 6,500 posts (KSRTC- 2,500 driver-cum-conductors, BMTC-2,000 conductors, NWKRTC -1,000 drivers and 1,000 conductors) is under process and will be completed soon," the minister said.

The government has also enhanced accident relief compensation from Rs three lakh to Rs 10 lakh to dependents in case of death of any passenger in an accident while travelling in bus operated by state-run corporations, he added.

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