BJP mounts attack on Siddaramaiah, rakes up Hublot watch issue again

Agencies
May 7, 2018

Bengaluru, May 7: Stepping up the attack against Chief Minister Siddaramaiah, the BJP has accused him of 'aiding, abetting, protecting and promoting' the cheating of private investors in an alleged Ponzi scheme run by a company.

The BJP intends to file a complaint with the governor to sanction the prosecution of Siddaramaiah for dealing with company, "which is declared as a threat to national security by the Serious Frauds Investigation Office (SFIO)," party spokesperson Sambit Patra told reporters in Bengaluru on Sunday.

The BJP also sought to know whether Siddaramaiah received the costly Hublot watch for 'facilitating' the company, QI Group of Companies, headed by Vijay Eswaran, to operate in the state. Embroiled in a controversy over the diamond-studded Hublot watch in March 2016, Siddaramaiah had handed it over to the Assembly speaker, asking him to make it a state asset.

The chief ninister had also said he would furnish relevant documents of the watch to the Lokayukta and Income Tax.

He had said that the watch was gifted to him by his NRI friend Dr Girish Chandra Varma in July 2015.

"I know him since 1983 and whenever he visits India, he meets me," he had said. Siddaramiah also said Varma has no official dealings with the Government of Karnataka or its organisations.

Patra said the SFIO has mentioned the names of Gold Quest and Quest Net, and read out its findings. In 2009, the CB-CID Chennai had declared Vijay Eswaran an absconder and in 2010, SFIO said such companies were a national threat, he said.

Between 2013 and 2016, the Mumbai and Delhi Economic Offence Wing placed voluminous chargesheets saying that these were fraudulent companies, he added.

Releasing pictures of Siddaramaiah with Vijay Eswaran, Patra said he had met him in September 2013.

The issue of MS Gold Quest International Pvt Ltd and Gold Quest Enterprises India Pvt Ltd was discussed in March and April in 2013, when the UPA government told the Parliament that they were fraudulent companies, he alleged.

In September 2013, Siddaramaiah met the absconder Eswaran in China, which was published in the website of the Information and Public Relations department of the Karntaka government in September 11, 2013, Patra claimed.

The state government report said the chief minister met Eswaran, welcomed him to invest in Karnataka and asked him to participate in the Global Investors Meet in the state. The company expressed interest in investment in e-Retail and IT Education sector, it said.

The company's business lines include lifestyles, leisure, luxury and luxury collectable and luxury watches.

Patra further said, "They deal in luxury watches, costly watches, exquisite watches. These are one of the items they deal with."

After a promise by Siddaramaiah, certain companies and QNet started operating in Karnataka and thousands and lakhs of people were duped by them, he claimed.

Ironically, Patra said, no FIR was lodged against these companies. "Even if the complaint was lodged, there was no FIR. The company’s names were not mentioned. When these people saw that the state government was not ready to work for them, the victims approached SEBI."

Patra also said SEBI shot off a letter to the government of Karnataka on December 23, 2016 to act against them.

However, the FIR was registered only recently when the Siddaramaiah government was reduced to a caretaker government due to the Assembly polls, the BJP spokesperson said.

In a statement, QNET said it operates in India through Vihaan Direct Selling (India) Private Limited, its sub-franchisee, which is into direct selling on an e-commerce platform.

The company neither solicits investments nor seeks any deposits or registration fees for joining the business, it said.

"We are of the belief that the matter represented to the BJP spokesperson is incomplete and does not reflect the current status," a company spokesperson said.

It also said Karnataka state investigated the company and filed a detailed chargesheet, which was quashed by the high court while holding that the company was not a Ponzi scheme.

The Government of India has issued guidelines (to be adopted by states) and the company is fully compliant with the same, it added.

Comments

A Kannadiga
 - 
Monday, 7 May 2018

The BJP members has become absolutely mad, hence levelling baseless allegations against Mr.  Siddaramiah, with an intention to defame him, but they will not succeed.  On election date 15/05/2018, Mr. Yeddi will collapse.

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Agencies
May 4,2020

Washington, May 4: Anxious for an economic recovery, President Donald Trump fielded Americans' questions about decisions by some states to allow nonessential businesses to reopen while other states are on virtual lockdown due to the coronavirus.

After more than a month of being cooped up at the White House, Trump returned from a weekend at the Camp David presidential retreat in Maryland and participated in a “virtual” town hall, hosted Sunday night by Fox News Channel, from inside the Lincoln Memorial.

He pushed for an economic reopening, one his advisers believe will be essential for his reelection chances this November.

“We have to get it back open safely but as quickly as possible," Trump said.

The president acknowledged fear on both sides of the issue, some Americans worried about getting sick while others are concerned about losing jobs.

Though the administration's handling of the pandemic, particularly its ability to conduct widespread testing, has come under fierce scrutiny, the president defended the response and said the nation was ready to begin reopening.

“I'll tell you one thing. We did the right thing and I really believe we saved a million and a half lives,” the president said.

But he also broke with the assessment of his senior adviser and son-in-law, Jared Kushner, saying it was “too soon to say" if the federal government was overseeing a “success story."

Trump's impatience also flashed. While noting that states would go at their own pace in returning to normal, with ones harder hit by the coronavirus going slower, he said that “some states frankly I think aren't going fast enough" and singled out Virginia, which has a Democratic governor and legislature.

And he urged the nation's schools and universities to return to classes this fall.

But many public health experts believe that cannot be done safely until a vaccine is developed.

Trump declared Sunday that he believed one could be available by year's end although his own pandemic task force has predicated it could be another 18 months.

Federal guidelines that encouraged people to stay at home and practice social distancing expired late last week.

Debate continued over moves by governors to start reopening state economies that tanked after shopping malls, salons and other nonessential businesses were ordered closed in attempt to slow a virus that has killed more than 66,000 Americans, according to a tally of reported deaths by Johns Hopkins University.

The U.S. economy has suffered, shrinking at a 4.8 per cent annual rate from January through March, the government estimated last week. It was the sharpest quarterly drop since the 2008 financial crisis.

Roughly 30.3 million people have filed for unemployment aid in the six weeks since the outbreak forced employers to shut down and slash their workforces. It was the worst string of layoffs on record.

Larry Kudlow, Trump's top economic adviser, on Sunday predicted a “spectacular 2021” — with “the right set of policies” — on top of a rebound from July through December of this year.

He said on CNN's "State of the Union" that the administration would "pause” to review the effectiveness of trillions in economic relief spending before making any decision on whether additional aid is needed.

House Speaker Nancy Pelosi, D-Calif., said Thursday that state and local governments are seeking up to USD 1 trillion for coronavirus costs, The Senate planned to reopen Monday, despite the Washington area's continued status as a virus hot spot and with the region still under stay-at-home orders.

The House remains shuttered. The pandemic is forcing big changes at the tradition-bound Supreme Court: The justices will hear arguments, beginning Monday, by telephone for the first time since Alexander Graham Bell patented his invention in 1876.

Congressional Republicans are resisting calls by Democrats for emergency spending for states and local governments whose revenue streams all but dried up in recent weeks.

The GOP is counting on the country's reopening and the rebound promised by Trump as their best hope to forestall another big round of virus aid.

The leaders of California and Michigan are among governors under public pressure over lockdowns still in effect while states such as Florida, Georgia and Ohio are reopening.

Michigan Governor Gretchen Whitmer, a Democrat, said Sunday that the armed protesters who demonstrated inside her state's Capitol “depicted some of the worst racism” and “awful parts” of US history by showing up with Confederate flags, nooses and swastikas.

Trump had tweeted “LIBERATE” and named Michigan and other states in mid-April. In a new tweet Friday, he urged Whitmer to “make a deal” with the protesters. “These are very good people, but they are angry.

They want their lives back again, safely!” Trump said.

Despite the opposition of Michigan's Republican-controlled Legislature, Whitmer has extended a state of emergency declaration and directed most businesses statewide to remain closed.

Some people participating in other public protests across the US have not kept their distance from one another and have rallied without masks, not heeding public health recommendations.

Deborah Birx, coordinator of the White House coronavirus task force, called that behavior “devastatingly worrisome.”

She said people will feel guilty for the rest of their lives if they end up infected and unwittingly spread the virus to vulnerable family members.

“We need to protect each other at the same time we're voice our discontent,” she told CNN's “State of the Union.”

An overwhelming majority of Americans support stay-at-home orders and other efforts to slow the virus' spread, according to a recent survey from The Associated Press-NORC Center for Public Affairs Research.

Asked about states that are reopening before they meet benchmarks laid out in federal guidelines she helped write, Birx said the guidelines “are a pretty firm policy of what we think is important from a public health standpoint.”

She added that she and others have made it clear that people must continue practising social distancing, “scrupulous” hand washing and other measures to protect themselves and others.

Fox News Channel said it asked viewers to submit questions about reopening the country on the network's Twitter, Facebook and Instagram accounts for a chance to appear on the rare broadcast from the Lincoln Memorial. Trump spoke from the memorial's steps last July Fourth.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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Agencies
January 14,2020

Farukkhabad, Jan 14: In a shocking incident, a new-born baby was mauled to death by a dog inside the operation theatre (OT) of a private hospital in Farukkhabad on Monday.

Family members of the baby boy said that they noticed the hospital staff shooing a dog away from inside the operation theatre and soon after, they were told the baby boy, born just two hours ago, was dead.

The family members said that they found the baby's body on the floor and it had deep gashes around the neck and other parts of the body.

District magistrate Manvendra Singh has ordered an FIR and the Chief Medical Officer (CMO) Chandra Shekhar said the hospital has been sealed and an inquiry ordered into the incident.

Sources said that the hospital where the incident took place was unregistered and was being run adjacent to a government hospital.

According to the FIR lodged with Sadar Kotwali police, the infant's father Ravi Kumar said he had admitted his wife Kanchan in the hospital on Monday and she was taken for a C-section to the operation theatre.

After the delivery, Kanchan was shifted to the ward but the family was told that the baby would be shifted later.

An hour later, the family was informed that the baby had died.

The family members then saw the hospital staff trying to chase a dog out of the operation theatre.

The family members forced their way into the operation theatre and found the infant lying on the floor with several injuries on the neck.

The police said that the baby's body has been preserved for examination and post mortem.

The FIR has been registered against Dr Mohit Gupta, and some of the staff members who were present during the delivery.

The hospital owner, Vijay Patel, however, feigned complete ignorance about the incident and said that he had been told that the baby was born dead.

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