Encroachment of Wakf land in Mangaluru: BJP leader’s multi-crore complex raises eyebrows

coastaldigest.com news network
December 26, 2017

Amidst uproar over encroachments of the Wakf properties across India, a huge building has illegally come up on a Wakf land worth several crores of rupees in the heart of the city of Mangaluru in coastal Karnataka. Shockingly, the local administration too has helped a politician’s family to construct the illegal building on the land belonging to the historic Kutchi Memon Masjid in the city.

In fact, the illegal construction work on the Wakf land started around three years ago and now a six-story commercial-cum-residential complex has almost reached its completion after illegally crossing several legal hurdles. Reliable sources said that a leader of Bhartiya Janata Party had managed to mislead the officials of Mangaluru Urban Development Authority (MUDA) and Mangaluru City Corporation (MCC) and obtain licence for the constriction with the help of an illegal ‘permission letter’ from a staff of the mosque.

Occupancy tenants

The 2.5 acres land belonging to the mosque and located at Golikatta Bazar in Bundar area of Mangaluru city had been declared as Wakf property in 1968 through a gazette notification. For the past few years, one Keshava Mijar and his family had been living in 69 cents of land of the same 2.5 acres as occupancy tenants (moola geni basis). Around three years ago, Keshava Mijar’s five children including Ravishankar Mijar, vice-president of Dakshina Kannada district unit of BJP, jointly started constructing a complex after demolition the small buildings on the land.

Completely illegal

Any development work or construction of building on a Wakf land without obtaining a no objection certificate (NOC) directly from the Wakf board will be considered illegal. However, a staff of the mosque, apparently violating his jurisdiction, had reportedly given a written permission using the official letterhead of the mosque to the tenants (Mijar siblings) to construct the complex. The tenants had reportedly paid him Rs 12.5 lakh for this favour. 

Even though the permission letter given by the staff of the mosque doesn’t authorise the tenants to construct the building, they went ahead with their multi-crore project. In December 2013, the MUDA provided single site approval to the tenants in violation of the rules or without verifying the documents of the land. In November 2014, the tenants received licence for the construction work from the MCC too. 

MCC serves notices

Even thought the illegal construction process started three years ago the state Wakf board recently woke up following a complaint and directed the local administration to stop the illegal construction work. After realising its blunder, the MCC served notices to Ravishankar Mijar and his siblings.

Rs 100 rent for 69 cents land!

However, the BJP leader and his siblings have claimed that the land legally belongs to them. “We, the five siblings, have obtained single site approval from the MUDA. Hence, we have all the rights to construct the building in this 69 cents land. Besides, we are still paying Rs 100 rent every month to the mosque without fail. There is no meaning in arguing that this is Wakf land,” says Ravishankar Mijar.

Legal action awaited

According to MCC Commissioner Mohammed Nazir, the civic body had granted licence for the construction of the complex based on the single site approval issued by the MUDA in 2013 to Ravishankar Mijar and siblings. “However, now we have received information that the property belongs to the Wakf. Hence we will seek the opinion from the legal advisors before taking further action,” he said.

Dakshina Kannada Deputy Commissioner Sasikanth Senthil said that he had already directed the assistant commissioner to look into the issue. “If there are sufficient documents to prove that it’s a Wakf land then the building will be considered illegal and further action will be taken,” he said. 

Dakshina Kannada Wakf Advisory Committee chief Kanachur Monu holds MCC and MUDA officials responsible for illegal construction. “A tenant cannot become the owner of the Wakf land just by bribing some people. Even if he creates some documents, they are considered illegal documents. The tenants have illegally constructed a building on land worth Rs 30 crore. It is the responsibility of the authorities concerned to clear the encroachment at the earliest and reclaim the Wakf land,” he said.

Comments

Once Mr Anwar Manipadi submiting wakf property list in a TV Debate  howcome he missed this property 

 

May be he was with Pakistani wakf delegates at that time, these days our leadrs are good in attaending birthdays and shaadi and meeting  Paki delegates  and to be honest we dont have to Bribe people get letter  to show honesty  and Naionalist.

 

Abdullah
 - 
Wednesday, 27 Dec 2017

Waqf board is sleeping ....

Mbeary
 - 
Wednesday, 27 Dec 2017

Name the mosque staff 

Lets name and shame him

he has eaten the money of the yatheem

Naren Kotian
 - 
Wednesday, 27 Dec 2017

This might be the case of encroachment of BJP land by mosque. I know mijar family and they are very honest and nationalist people. They don’t want the property of Pakistani supporters. It was BJP which exposed the encroachment of Wakf property by Congress minister. But Sidramullah’s Khan grace govt is fooling muzzis.

Reader
 - 
Wednesday, 27 Dec 2017

This is not just the case of Mangalore. Everywhere in India we can see same situation. Unfortunately this scam is growing across the country. 

Pokar Beary
 - 
Wednesday, 27 Dec 2017

Congress government will not take action because it knows that many of Congress bigwigs are doing the same. Paying Rs 10 monthly rent to the mosques and running giant commercial complexes and earning crores. 

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com web desk
July 15,2020

Mangaluru, July 15: Moulana Iqbal Mulla Nadvi, an acclaimed Islamic scholar and Qadhi (Khazi) of Bhatkal, passed away at a private hospital in Mangaluru. 

The elderly scholar was critically for past few weeks. 

He had served as the president of Jamia Islamia Bhatkal for several years.

He was known among Islamic scholars of Karnataka for his boldness, sincerity and wisdom.

Last rites are expected to be held in Bhatkal.

More details are awatied. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
June 14,2020

Newsroom, June 14: Bollywood star Sushant Singh Rajput, who was found dead in his house in Mumbai’s Bandra today, was heartbroken after the death of his former manager Disha Salian.

34-year-old actor had posted a heartfelt note after her death: “It’s such devastating news. My deepest condolences to Disha’s family and friends. May your soul rest in peace.” 

The police are considering 28-year-old Disha’s death as an accidental one and the investigation is on to find if it was a suicide. She died after falling off the 14th floor of a building in Malad, Mumbai on June 8.

It is not yet known if there is any connection between the two deaths. Sushant’s house help reportedly found him hanging inside his room on Sunday and cops are investigating the case. He was recently seen in Nitesh Tiwari’s Chhichhore and more recently on Netflix opposite Jacqueline Fernandez in Drive.

Who is Disha Salian?

Disha Salian hails from Karnataka’s coastal district of Udupi. She was born in 1992 into a business family background. She reportedly migrated to Mumbai with her family at an early age. 

After completing her education, she worked in the Times of India Group for more than three years. The she went on the become the celebrity manager at Media Vantage.

Apart from Sushant, she had great links with many popular celebrities like Bharti Singh, Alisha Panwar, and others.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.