Karnataka government in damage control mode; meet with RBI officials next week to plug gaps

TNN
June 16, 2019

Bengaluru, Jun 16: Under criticism for having ignored multiple Reserve Bank of India (RBI) alerts about the I Monetary Advisory (IMA) scam, the state government has got into damage control mode now. A meeting with RBI officials has been convened next week at the behest of home minister MB Patil.

“We want to fix responsibility on each and every authority. Before doing this, we need to get a proper assessment of the system and figure out gaps that need to be plugged and I hope, the meeting will be helpful in doing so,” Patil said.

Patil said the meeting convened by the government will be attended by various agencies and departments which are now working in silos when it comes to dealing with Ponzi schemes. Officials from the departments of revenue, home, finance and others will take inputs from RBI officials. “The objective is to create a common administrative platform to deal with such cases,” Patil added.

Also, the state-level coordination committee (SLCC)—a joint forum to facilitate information sharing among regulators, including the RBI and Securities and Exchange Board of India (SEBI)—headed by the chief secretary will meet separately to discuss the IMA case.

ACs’ powers withdrawn in Jan

Although waking up a little late, the government is mulling restoring powers to assistant commissioners (ACs) of the revenue department to confiscate assets of Ponzi firms to tackle such more efficiently.

The government had withdrawn the powers given to ACs to seize properties of Ponzi companies in January this year. Just two months before that, on November 11, 2018, a public notice was issued to seize movable and immovable properties belonging to IMA Private Limited and sixteen of its associated firms.

“The powers were withdrawn following the RBI instruction that action against such companies should be on case by case basis. Now, a process has been initiated to restore the powers of the competitive authority, particularly in the case of IMA Group,” said Rajkumar Khatri, principal secretary to the revenue department.

LC Nagaraj, revenue assistant commissioner of Bengaluru north sub-division, is the competent authority and he told TOI that he’s waiting for orders. However, Nagaraj has to wait for the special investigation team (SIT) to complete its probe in the IMA case and identify its properties to be seized.

“This rigmarole could have been avoided had the government allowed the ACs to confiscate properties in November 2018,” a government official said.

According to an estimate, Mohammad Mansoor Khan, founder-owner of IMA Group, has left behind assets close to Rs 500 crore and fled the country. The assets include 1,900kg gold jewellery, 18.64kg platinum and land.

Officials, however, said they were sceptical about the outcome of the government’s efforts given that several politicians and bureaucrats are soft-peddling the issue. Patil, however, said the government is sincere in providing justice to the investors. “We admit that there were some loopholes in the system. But, now we want to plug them,” he said.

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News Network
April 24,2024

HSRP.jpg

With the Karnataka transport department extending the deadline for the installation of High Security Registration Plate (HSRP) twice--- in November last year and February, it is no longer planning to extend the same. The department ordered for the installation of HSRP before May 31.

The transport department through a notification in August last year, had mandated the installation on all the vehicles that were registered in the state prior to April 1, 2019. According to transport officials, there are nearly two crore vehicles that are supposed to get HSRP for their vehicles.

“As of now, the state has registered only 34 lakh HSRP installations, despite extending the deadline twice. From nearly 18 lakh installations since February, the numbers have almost doubled. However, there are still a large number of vehicles that have to opt for HSRP,” said C Mallikarjuna, Additional Commissioner for Transport (Enforcement).

“We will wait till May 31 to check for the total number of vehicles that fall in line. We are expecting HSRP installations to touch 75 lakh, after which we will consider an extension as the numbers indicate that people are falling in line and if some more time is given everyone will get it done. However, if we do not reach that number before the deadline, we will request the government not to extend the deadline but urge for an enforcement,” he said.

He also stated that a fine of Rs 500 will be imposed for the first time and if vehicle owners do not fall in line, it will be Rs 1,000 later until they have installed HSRP. “We will wait till the Model Code of Conduct ends and take the government’s opinion. We are going to request the government for strict enforcement if the HSRP installations are not satisfactory,” he added.

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News Network
May 3,2024

Bengaluru: In a fresh development in the alleged Hassan sex abuse case, JD(S) MLA H D Revanna, who was accused of sexually harassing his house help, has been booked for kidnapping a victim allegedly sexually assaulted by his son, Hassan MP Prajwal Revanna. The case was filed late Thursday evening at the KR Nagar police station in Mysuru.

The 20-year-old complainant from KR Nagara accused one Sathish Babanna of taking his mother away forcibly and keeping her in an unknown location at the behest of Revanna.

As per the FIR, Revanna has been named as accused 1 while Babanna was accused 2. The duo were booked under IPC Sections 364A (kidnapping for ransom), 365 (kidnapping or abducting with intent secretly and wrongfully to confine a person) and 34 (acts done by several persons in furtherance of common intention).

The complainant claimed that his mother, whose name and age were not revealed, had worked as a help in Revanna’s house and farm in Holenarasipura for six years, quit the job three years ago and returned to KR Nagara. She then worked for daily wages.

“Nearly three to four days before the Lok Sabha election, Sathish Babanna, who is known to us and hailed from our native place, took my mother to Holenarasipura after saying that Bhavani Revanna, the wife of MLA Revanna, had asked for her,” the complainant alleged, adding that Babanna dropped her back on the day of the polls.

Babanna allegedly told the victim’s mother and father to remain silent and evade the police if they came looking for them and to inform him of the developments.

On April 29, at around 9 pm, when the complainant was home, the suspect Babanna arrived, told the complainant’s mother that Revanna had asked for her and took her away on his motorcycle. The complainant claimed that he wasn’t aware of where Babanna took his mother and he had told him that if the police found her, a case would be registered and they would all go to jail.

On May 1, two of the complainant’s relatives called him on the phone and told him that there was a video of his mother being sexually assaulted by Prajwal and that it was a huge case, the FIR noted. He was also informed by his two friends of his "mother's videos being circulated".

When he asked Babanna later that night, he was allegedly told that there was a photo of his mother standing with a stick when Prajwal had quarrelled with someone earlier and an FIR had been registered. Babanna told the complainant that his mother would have to be released on bail, the FIR noted.

“Babanna told me not to speak on the matter on my phone and asked me to talk from a different phone,” he said, seeking action from the police.

The case has been transferred to the Special Investigation Team (SIT) set up to probe the Hassan sex scandal as per the government order.

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News Network
May 2,2024

Bengaluru, May 2: Prajwal Revanna, grandson of former Prime Minister Deve Gowda, was issued fresh summons on Thursday by the Special Investigation Team (SIT) which is investigating the case of obscene videos involving the former JD(S) member, several news outlets reported.

The SIT also junked his appeal which sought seven days time to join the probe, as per these reports.

Prajwal and his father, H D Revanna, have sexual harassment and stalking cases filed against them over the matter. Gowda's son, H D Revanna, however, said that what took place '4-5 years ago' is now being turned into a legal case.

JD(S) in its core committee meeting suspended Prajwal from the party till the end of the probe. Prajwal, meanwhile, took to X to state he would join the probe in seven days time, asserting 'truth will prevail'.

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