Congress camp worried as 20 upset MLAs team up

DHNS
June 9, 2018

Bengaluru, Jun 9: Disgruntlement in the Congress went a notch up on Friday as at least 20 estranged legislators who were not picked to become ministers, ganged up against the party’s leadership in an almost rebellious fashion, even as top leaders made all efforts to pacify them.

Chief among them is former minister M B Patil, who declared as if to send out a strong message, that he was not alone. “Just because the Congress has dumped me, I cannot dump the Congress. But I’m not alone,” Patil said, even as Deputy Chief Minister and state Congress chief G Parameshwara tried to pacify him. “I’m no senior or junior. All 20 of us are equals. We will soon sit together and decide what’s next,” he said. Patil clarified that they were not considering quitting the party. The disgruntled MLAs may knock on Congress president Rahul Gandhi’s doors for a way out.

M B Patil has been called to Delhi on Saturday, where he is likely to meet Rahul Gandhi. The disgruntled camp also includes veteran leader H K Patil, Satish Jarkiholi, M T B Nagaraju, R Roshan Baig, H M Revanna, B C Patil, N A Haris, Eshwar Khandre among others.

Yamkanamaradi MLA Satish Jarkiholi said he was contemplating resignation. “I’ve been unable to become a minister myself, or help others to become one. I’m not confined to my constituency. I have supporters all over the state,” he said.

“I will hold more consultations and I’m thinking of resigning (as AICC secretary),” he said in Belagavi.

“All of us have the same grievance,” Haris, who represents Shantinagar, told DH. “As far as I’m concerned, the party should have given me an opportunity. The leadership should have taken a clear stand that those who were ministers before will not be made ministers this time. But then, you have included those you want.”

Revanna, who belongs to Kuruba community, trained his guns on former chief minister Siddaramaiah, also a Kuruba, who has camped in his Badami constituency away from all the action. “The community demands answers. When Vokkaligas and Lingayats could be accommodated, why not us (Kurubas)?” Revanna asked. “Siddaramaiah is the leader of the Congress Legislature Party and the coalition coordination and monitoring committee. He has a role to play, but he isn’t here.”

Chief Minister H D Kumaraswamy, who personally reached out to M B Patil by visiting his residence, said his coalition partner should act fast to quell disgruntlement.

“I heard Patil out and listened to his anger. But there’s nothing I can do. Only the Congress can fix this. I came to pacify him because we share a personal relationship. My work is limited to conveying to the Congress high command that they need to take remedial steps immediately,” Kumaraswamy said.

Comments

Danish
 - 
Saturday, 9 Jun 2018

I doubt that this govt can complete its 5 year term

Danish
 - 
Saturday, 9 Jun 2018

I doubt that this govt can complete its 5 year term

Kumar
 - 
Saturday, 9 Jun 2018

From the first itself ministers and leaders showing their dissatisfaction. I dont know how these people can give good administration

 

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
February 17,2020

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.

Comments

sunita kejriwal
 - 
Monday, 17 Feb 2020

BRS could not fool all the people all the time!

 

Bhakth
 - 
Monday, 17 Feb 2020

Illegal way of earning will not last for long. 

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
May 8,2020

Bengaluru, May 8: Karnataka Chief Minister BS Yediyurappa has announced a special package for those involved in leather works, especially those who work on the roadside, informed the state's Deputy Chief Minister Govind M Karjol on Friday. 

The special package has been announced for cobblers and leather workers, who work on the roadside. 

The government has provided relief to 11,722 families at a rate of Rs 5,000 per family. These beneficiaries will be directly credited to their bank account through Dr. Babu Jagjivan Ram Leather Industries Development Corporation.

This special package will help livelihoods for skilled workers, said the Deputy Chief Minister. He congratulated the Chief Minister on the declaration of this special package on behalf of the Department of Social Welfare.

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.
News Network
April 5,2020

Bengaluru, Apr 5: Fake news spreads faster and more easily nowadays through the internet, social media and instant messaging and such news about the COVID-19 pandemic have been labeled a dangerous “infodemic”.

These messages may contain useless, incorrect or even harmful information and advice, which can hamper the public health response and add to social disorder and division.

Asking people to avoid fake news on COVID-19, Hemant Nimbalkar IPS, IGP and Additional Commissioner of Police (Administration), shared a photo on his Twitter page and wrote, “One Mask For Ear Too"

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.