Dharwad, Dec 13: Sriram Sene activists on Monday lodged a complaint with police alleging that a youth from Dharwad has posted his photo on the Facebook, holding Pakistan flag. According to the complaint, Altaf Tadkod uploaded the photograph on his Facebook wall at 8 pm on Sunday.
“We have no objection if the youth had displayed the flag of his religion. But, holding Pakistan flag and posting its photograph on Facebook, has hurt the sentiments of Indians,” they said.
Abu Dhabi, Feb 17: NMC Health Plc, a hospital operator targeted by short-seller Muddy Waters, said founder Bavaguthu Raghuram Shetty resigned amid investor concern he faced a margin call and misrepresented his stake.
The board asked for Co-Chairman Shetty’s resignation and it takes effect immediately, according to a person with knowledge of the situation. NMC has lost four board members since Friday, including Vice Chairman Khaleefa Butti, whose holdings are also being probed. The stock, the worst performer on the FTSE-100 Index this year, fell as much as 9.2 percent Monday morning and then rebounded.
“The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi, an analyst at Rasmala Investment Bank in Dubai. “The credibility of the current board has been jeopardized with the unfolding of the recent events.”
NMC shares lost almost half their value the first week of February on speculation the company’s main investors faced a margin call, in which banks seize shares pledged as collateral. NMC said Friday that First Abu Dhabi Bank and Al Salam Bank Bahrain obtained 20 million shares in the company from BRS International Holding, an investment vehicle of NMC’s top shareholders. The banks sold more than 8 million of those shares as “enforcement of security,” NMC said.
NMC operates the largest medical network in the United Arab Emirates and in 2012 became the first Abu Dhabi company to list in London. The shares started teetering in mid-December when Muddy Waters alleged that NMC manipulated its balance sheet and inflated the prices of companies it acquired.
Shetty, 77, was born in India and founded NMC in the 1970s after moving to Abu Dhabi. His spokesman said a legal review of the situation is ongoing and declined further comment.
Chief Investment Officer Hani Buttikhi and board member Abdulrahman Basaddiq also stepped down because they were appointees of Shetty and Butti, NMC said, adding that they had no knowledge of the share transfers.
Questions remain over the role of Shetty’s family at the company. His wife and son-in-law both hold roles in senior management.
Almost 10 per cent of NMC’s freely traded shares are shorted, according to Markit Securities data. In mid-December about a third of them were.
Last week GKSD Investment, an investment company backed by hospital investors, said it’s studying a possible offer for NMC. Under U.K. takeover rules, it has until March 9 to make a bid.
NMC has said Muddy Waters’s claims are false and the company hired former FBI Director Louis Freeh to conduct an independent review. The review is due to be completed before the company issues its financial results in March, the person said.
NMC said Mark Tompkins will continue as the company’s sole chairman.
BRS could not fool all the people all the time!
Illegal way of earning will not last for long.
Bengaluru, Jul 29: A day after Congress staged a nationwide 'Save Democracy' protest, Janata Dal (Secular) leader HD Kumaraswamy slammed Congress for "dividing" the political parties and "buying MLAs" and questioned their "democratic behaviour" to lure Bahujan Samaj Party (BSP) MLAs who supported them.
Kumaraswamy, in a media statement, said, "Is it a democratic behaviour to lure MLAs of other parties through political shenanigans and later merging with them?"
"Congress is an expert in dividing political parties and purchase of MLAs," said Kumaraswamy adding, "If you are dividing the like-minded party MLAs through deceit, who would support you?"
He alleged that the term "horse trade" in politics came to be used because of Congress.
Congress had tied to divide the Janata Dal (Secular) in 2004. To this, he added, "To avoid the party being hijacked by the Congress, I had to oust the Congress-JD(S) coalition government through a political coup."
Kumaraswamy further accused, "Haven't the Congress who is making a big noise about the purchase of MLAs divided the JD(S) in the past? Is it not a fact that for the sake of one Rajya Sabha seat, the Congress government in Karnataka purchased eight JD(S) MLAs?"
Both -- Congress and BJP -- are "criminals" in purchase matter, he added.
Rajasthan Congress is in turmoil after simmering differences between Sachin Pilot and Chief Minister Ashok Gehlot came out in the open. Pilot was removed as the Deputy Chief Minister and the state unit chief of Congress.
The Congress has accused the BJP of indulging in horse-trading to bring down the Gehlot government. The BJP has rejected the allegations.
Bengaluru, Jan 8: The Karnataka high court on Tuesday directed the government to submit steps taken in respect of the order of Lokyukta in relation to the Kethaganahalli landgrab case involving former chief minister HD Kumaraswamy, his relatives and former minister DC Thammanna.
A division bench headed by Chief Justice Abhay Shreeniwas Oka gave the direction on a PIL filed by Samaj Parivartan Samudaya (SPS), an NGO. The petitioner said despite an order from the Lokayukta on August 5, 2014, to take action within 15 days, no action has been initiated till date in respect of encroachment of a huge tract of land in Kethaganahalli along Bengaluru-Mysuru highway.
SPS says the land was purchased in 1979 contrary to norms of Karnataka Land Revenue Act. It claims Kumaraswamy and others paid only Rs 5,000 per acre, although the prevailing market rate was Rs 25,000 to Rs 30,000 per acre.
Comments
Some cases people do not know how pakistan flag looks and Islamic flag ... just see green colour and assume pakistan flag... last time SRS member hosted pakistan flag not islamic one..
pakistani flag nowhere near to islamic flag. Green is not islamic flag
What a comment from Master Blaster Ganeshanna are you Citizen of Hindustan? A flag issue you are sending a Indian Citizen to pakistan is it Fair.. YOU biggest buffoon's doing to our Great Hindustan !!!!!!
What you thought about Hindustan, we are proud ourselves like Peanut we do not care Anna, Gangasara makes things very difficult!!!!!!
Jai Hoo Hindustan.
By the way where we can send this Rama Sene for hoisting pakistan flag? Please suggest a country @ Truth Mangalore, Ganesh, Unknown.. Please suggest them a country too,
Many readers here are suggest to arrest the youth and kick him out to Pakistan for hoisting Pak flag (not yet confirmed). However, they are hiding to tell the truth about hoisting Pak flag by SRS terrorists. Instead of asking the culprits to punish, they had supported these goondas. This was done only to blame minorities. In the particular case also i doubt that it was fabricated by sangh parivar. This should be investigated and the person should be punished in case he really hoisted pak flag. However, please make is clear that he is not mentally sick.
enquire about the person who is behind and put him behind the bars....what about the pakistani flag hosted by sri rama sene member before ?????????????? where we need to send him.
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