BJP to lay siege to Karnataka CM’s official residence

Agencies
June 15, 2019

Bengaluru, Jun 15: The BJP's Karnataka unit, which is on a round-the-clock sit-in since Friday protesting against the sale of land to JSW Steel at Ballari and other issues, has decided to "lay siege" to Chief Minister H D Kumaraswamy's official residence on Sunday. State BJP chief B S Yeddyurappa along with a host of senior party leaders including former deputy chief minister R Ashoka, among others, spend the night at Anand Rao circle, the protest venue, as part of the stir, on Friday. Continuing the protest for the second consecutive day, Yeddyurappa Saturday said they have decided to "lay siege to the Chief Minister's residence tomorrow."

"The overnight protest will continue tonight as well, we will be here tonight" he added.

He said the protest was against government's "inconsistency" on the issue of farm loan waiver and also its "failure" in managing the drought situation. The BJP was also opposed to sale of 3,667 acres of land to JSW Steel in Ballari, the leader of the opposition in Karnataka assembly said. Accusing the ruling Congress-JDS coalition of getting "kickbacks", for the sale of land, Yeddyurappa said "We are against the sale of land that has rich minerals without any survey being done.

We are not against providing facilities to industries or continuation of lease."

The Karnataka cabinet had recently decided to convert the lease of 3,667 acres to JSW Steel into a sale, in accordance with the initial agreement.

Caught in a row, the state cabinet Friday decided to refer its decision to a cabinet sub-committee for reconsideration, which Yeddyurappa termed as "eyewash".

He claimed that ruling coalition leaders, including Chief Minister H D Kumaraswamy, were worried about cabinet expansion when there was a drought in different parts of the state. Kumaraswamy and his ministers have not travelled to the affected areas to assess the situation there, the BJP leader alleged. Yeddyurappa also termed Kumaraswamy's scheduled "Grama Vastvya" (overnight stay in villages) programme to make the administration more effective, as "drama".

BJP sources said the protest would conclude Sunday with thousands of party workers and leaders "laying siege" to the Chief Minister's official residence 'Krishna'.

Comments

Mohammad
 - 
Sunday, 16 Jun 2019

Yeddy had allocated the land in his govt term.. now he has pending commissions to be received from JSW Steel...thats why this crocodile tears.

Wellwisher
 - 
Sunday, 16 Jun 2019

Don't allow bjpeans goondaraj in Karnataka  they have not right to disturb CM at his residence. Arrest and send them all to Bellary jail for one month.

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News Network
June 15,2020

Mangaluru, Jun 15: A father and his four-year-old son were killed when their motorcycle was hit by a lorry from behind at Bakampady junction on the outskirts of the city.

The Police said the deceased has been identified as Abdul Bhasheer, a resident of Krishnapura and his son Shayan. 

On Sunday evening, Bahseer was going from Mangaluru to Krishnapura by the motorcycle along with wife and son when a speeding lorry "dashed into the motorcycle from behind and knocked them down''.

The four-year-old son died on the spot while Basher and his wife were rushed to the hospital. However, the husband succumbed to injuries at the hospital on Monday. Local police registered a case in this connection.

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News Network
April 3,2020

Udupi/Mangaluru, Apr 3: As many as 11 liquor addicts in Udupi and Dakshina Kannada districts have committed suicide, due to non-availability of liquor.

It is said that the District administration, in association with Psychiatrists, have taken the initiative to provide counselling services, along with telemedicine, to the addicts.

Deputy Commissioner G Jagadeesh said on Thursday that arrangements will be made to provide treatments and personal counselling for the liquor addicts.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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