BSY demands CBI probe into Mansoor Khan-led multi-billion IMA fraud

Agencies
June 15, 2019

Bengaluru, Jun 15: The Karnataka BJP Friday demanded a CBI probe into the alleged financial fraud perpetrated by an investment firm here, leaving thousands of investors in the lurch.

The owner of city-based IMA Jewels owner, Mohammed Mansoor Khan, had disappeared few days ago after allegedly threatening to commit suicide while police formed teams to trace him.

State BJP chief B S Yedyurappa put forth the demand for a probe by the central agency after a group of people belonging to the minority community, most of them investors in IMA Jewels, met him and submitted a petition.

Yeddyurappa assured them that BJP MPs from Karnataka would ensure the central governments intervention and steps to ensure the Enforcement Directorate probe into the case.

"We (BJP) feel that it is our responsibility to ensure that innocents who have lost their money get it back," Yeddyurappa was quoted as saying by BJP in a release.

Only a CBI inquiry can ensure justice to the affected investors, he said, as he held the state government responsible for the "injustice" to the IMA investors.

The BJP leader also promised those who met him that the Centre would take all steps to find out the wherebaouts of IMA jewels owner Mohammed Mansoor Khan.

Earlier, speaking to reporters, Yeddyurappa raised questions about minority welfare minister B Z Zameer Ahmed Khan's alleged links with Mohammed Mansoor Khan.

"While asking him (Mansoor) to come back, Zameer, who is a minister, has said that government is with you (Mansoor), dont fear- what does this mean? chief minister has to answer this," he said.

Hitting back at Yeddyurappa, Zameer Ahmed Khan pointed out that it was he who took initiative after the incident came to light and sought a SIT probe.

"It was not Yeddyurappa. Making speeches sitting somewhere is not enough. We are doing whatever we can. SIT is probing...," he said.

Nearly 30,000 complaints have so far been received by police in connection with the case, relating to which seven directors of the firm were apprehended on June 12 .

Mohammed Mansoor Khan went absconding after allegedly threatening to commit suicide in an audio clip.

As the audio went viral, panicked investors, most of them Muslims, had swarmed the firm's office at Shivajinagar in thousands, demanding action against the owner and directors.

Khan in an audio clip had purportedly said he was committing suicide as he was fed up with corruption.

He had also alleged the Shivajinagar Congress MLA Roshan Baig took Rs 400 crore from him and was not returning the money.

Baig had rubbished the charge, alleging that his political adversaries had orchestrated the "series of events" to tarnish his character.

On June 12, The Karnataka government had formed a 11-member Special Investigation Team (SIT) to probe the case.

As reports emerged that Khan had fled to Dubai, the SIT said they were investigating his whereabouts.

The Enforcement Directorate also filed a case of money laundering in the alleged ponzi scheme.

The agency's zonal office here filed an Enforcement Case Information Report (ECIR), equivalent to an FIR, and has pressed criminal charges under the Prevention of Money Laundering Act (PMLA), officials had said.

Comments

Kumar
 - 
Tuesday, 18 Jun 2019

Good suggestion by BSY.  It is as if he is declaring himself as saint.   Let him first give accont of billions of rupees looted while he was CM of Karnatka.   He has property worth billions of rupees.  Will he agree to investigate his own property.  IMA issued is required to be investigated but BSY need not advise any one on the issue as he himself is a big looter.   May be he has some link with owner if IMA and have invested few millions there.  BSY share in IMA is requried to be investigated. 

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News Network
January 24,2020

Bengaluru, Jan 24: Karnataka Chief Minister BS Yediyurappa on Friday said the much-delayed Cabinet expansion will take place in the next three days.

At the Kempegowda International Airport, after his arrival from Davos, he informed that he would discuss the matter with Union Home Minister Amit Shah to take a final decision on the distribution of important portfolios.

Deputy CM Ashwanath Narayna, Home Minister Basavaraj Bommai and others received the Chief Minister at the airport. The issue of Cabinet expansion was kept in abeyance, ever since the spectacular victory of 12 Assembly seats for BJP, for which the by-elections were held recently. The bypolls were necessitated, following the resignation of about 17 sitting Congress and JD (S) MLAs, which resulted in the collapse of the JDS-Congress coalition government in the state.

BJP had reportedly lured the Congress and JD (S) MLAs into their camp, after promising them to give party ticket to contest the elections, as well as ministerial berths. The Chief Minister had kept as many as 16 Cabinet berths, along with plum portfolios, vacant, after forming the BJP government, with the support of the deserted Congress and JD (S) MLAs, in July last. However, the issue of Cabinet expansion had postponed on one reason or the other, as Yediyurappa was struggling to keep the promise he had made to the former Congress and the JDS MLAs, on whose sacrifice the BJP came back to power.

With the strong demand for ministerial berths within the loyal BJP MLAs, the BJP high command had reportedly advised Yediyurappa to accommodate only a few of the turncoat MLAs and strike balance between the groups.

However, Yediyurappa, who had assured the Congress and JD (S) MLAs of giving them Cabinet berths, had been in dilemma ever since and found it tough to convince the party's Central leaders.

According to party sources, the Chief Minister is not only facing problems over the expansion of his Cabinet, but is also worried over the demand for creation of more number of Deputy Chief Ministers, adding to the present list of three.

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News Network
April 11,2020

Bengaluru, Apr 10: Renowned ophthalmologist and Narayana Nethralaya Chairman Dr K Bhujang Shetty today advised those wearing contact lenses to switch to eyeglasses as a preventive measure.

“Though the facial mask is mandatory as a preventive measure against the dreaded Coronavirus, not many know that the virus can also enter the body through eyes. Wearing glasses or spectacles reduces the spread of the virus,” Dr Bhujang Shetty said.

Although it is more likely that people may catch Coronavirus infections through mouth and nose, there are chances of the virus also entering through eyes. “In a day, humans tend to touch their face and eyes almost 20 times an hour knowingly or unknowingly. Users of contact lenses end up touching their eyes and face frequently, increasing the risk of infections. Therefore, it is advisable that they switch to eyeglasses until the situation improves”, according to a release here on Friday.

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Media Release
February 14,2020

Veteran journalist P. Sainath has said that the nation is in a crisis. And this crisis is not limited to just the rural area. It has become a national crisis at various areas such as agriculture, education, economy, job creation etc.

He was delivering the endowment lecture on the topic ‘Indian democracy at the post-liberalization and post-truth era’ at Media Manthan 2020 organized by the PG department of journalism and mass communication at St Aloysius College (Autonomous). 

Mr Sainath said that the many policies adopted in the 90s led to India becoming unusually unequal. Referring to the speech Ambedkar had made at the Constituent Assembly while handing over the draft of the Constitution, Mr Sainath said, “Ambedkar had warned about the weakness of Indian democracy that liberty without equality allows the supremacy of a few over the multitude. Liberty, equality and fraternity must be kept together as we cannot have one without the other.” 

Mr Sainath stated that the agrarian crisis was no longer about the loss of productivity, employment or about farmer suicide; it was a societal, civilizational crisis. Commenting on the lopsided policies such as cow-slaughter ban, he explained how cow slaughter ban had adversely affected many industries due to their interdependency. While Muslims who slaughtered cows were rendered helpless, the cattle traders who were mostly OBCs lost their earnings as the cattle prices crashed. An important industry like Kolhapur sandals industry in Maharashtra went bankrupt as a result of the cow slaughter ban in Maharashtra. He said the policymakers had no idea how the rural industries were interconnected. Demonetisation too devastated the rural economy as 98 percent of rural transactions happen through cash. 

Mr Sainath also spoke about the crisis of inequality which affects the Dalits and the Adivasis far more than anyone else as 90 percent of the rural households take home less than Rs 10,000/- per month. “Women are yet another group whose labour is never counted in the gross domestic product. Women and girls globally do unpaid work which amounts to about 12.5 billion working hours per year. Monetarily speaking, this is worth 10.8 trillion dollars,” Mr Sainath added. 

Speaking about the crisis of jobs Mr Sainath said that major companies were laying off employees just to create more profits for the investors and the adoption of artificial intelligence in the industry would further destroy millions of jobs.

Rector of St Aloysius College Institutions Fr Dionysius Vaz SJ, Principal Dr (Fr) Praveen Martis SJ, HOD of Journalism and Mass Communication department Dr (Fr) Melwyn Pinto SJ were present.

‘Veerappan and Vijay Mallya’s business models are interesting!’

Addressing the gathering during his endowment lecture on Friday, Mr Sainath made an interesting comment on the so called ‘revenue model’. “Whenever I visit IIMs and IITs for lectures on my PARI project, the students there ask me what my revenue model for my project is. I tell them that I do not have a revenue model. In fact, journalism does not begin with a revenue model. Gandhiji, Ambedkar, Bhagat Singh were all great journalists. But they did not have a revenue model,” Mr Sainath said.

On a lighter note, he said that the best revenue model that he liked was that of forest brigand Veerappan and liquor baron Vijay Mallya. “Veerappan ruled the forest for forty years and from the top ministers to the villagers he could dictate terms and liver royally. Similarly, Mallya’s revenue model was to steal the banks and run away abroad and live like a king,” Mr Sainath added.

Journalism is not and can never be a business. It is a calling, he opined. While newspaper can be a business, television can be a business, journalism per se cannot be reduced to a business. “Unfortunately today, journalists are recruited on a contract basis and they have no bargaining power; and there are no unions to fight for their cause. Hence, they are at the mercy of the corporate media houses for their survival and are made to write stories that cannot be called journalism,” Mr Sainath said.

Answering a question as to the pressures he faced as a journalist, he said that external pressures from the government or others could be very well handled. It is the internal pressures from once own media house that journalists find it difficult to manage.

 

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