Dozens of cattle starved to death in goshala; hundreds in critical condition

News Network
July 21, 2017

Hyderabad, Jul 21: Dozens of cattle including cows have starved to death at a goshala in Andhra Pradesh, officials said, highlighting the neglect animals face while people are being killed in the name of cow protection.

Officials on Wednesday found decomposed carcasses rotting away in heaps of dung on the premises of the Society for Prevention of Cruelty towards Animals (SPCA) shelter at Kakinada in East Godavari district.

“We have recovered 14 carcasses of cattle believed to have died on Tuesday. Four more cattle died on Wednesday,” joint director of animal husbandry V Venkateshwar Rao said.

Many of the around 400 animals that survived were in a bad shape. Twenty-two were moved to “safer locations” on Wednesday while some more were to be shifted out on Thursday.

Rao said 10-12 cattle died earlier but the bodies seemed to have been removed by the organisers.

Independent sources, however, said 11 animals died on Wednesday alone.

“There was no fodder and water at the centre and the cattle have apparently been starving for quite some time,” Rao said.

The animals that survived were virtually in “skin-to-bone condition and were not even in a position to take intravenous fluids and injections”, said Rao, who was part of a team of officials from the animal husbandry, revenue and municipal departments that visited the shelter.

There were no protective sheds and more than 450 cattle were crammed in the space meant for 200 animals, he said.

“There was no attempt to clean the premises, which had knee-deep dung and slush. Heavy rains in the last two days made their condition worse,” Rao said.

Cows and bullocks recovered from animal smugglers were kept at the shelter. The organisers, who volunteered to take care of the animals, had failed in their duty, he said.

SPCA joint secretary Gopal R Surabathula admitted that 20 cattle died in the last few days but said officials were exaggerating the figures.

“On Tuesday, seven cattle died as they were already sick and they could not withstand the heavy rain,” he said.

Most of the animals were brought to them in a bad condition, saying they were not fed properly while being transported.

By the time they were brought to the shelter, they were sick. It was not right to blame SPCA, he said but added they didn’t have the money for fodder.

“We have not been getting any donations. Those who were donating cattle feed and medicines regularly in the past are also not supplying them regularly. What can we do?” he asked.

The district administration has begun cleaning the premises and would provide fodder and medicine to the rescued animals, Rao said.

Like in most states, there is a ban on cow slaughter in Andhra Pradesh but there is no such restriction on bull or buffalo.

As the Centre and states come up with strict laws and punishment against smuggling and slaughtering, old cattle face neglect as farmers don’t have the means to care for the animals.

Farmers and traders are afraid to cull animals, many of which are sent to animals shelters that are crowded. Starvation deaths are quite common in these sheds across the country.

Comments

Chandni Ansari
 - 
Monday, 24 Jul 2017

Assalamu alaikum,

I am Chandni Ansari from Sector-11, Noida. My brother recently passed out 5th standard and now I want him to make Hifz-e-Quran with modern studies in sunni madarsa, so please tell me about your organization's process of admission & fee. I want to admit him in boarding madarsa in Delhi-NCR.

I would appreciate if you can sort out my queries regarding the same as soon as possible by today.

Jajakallah Khair
Chandni Ansari
7503577318

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 19,2020

Feb 19: Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life.

He splurged on a private jet, vintage cars and two entire floors of the Burj Khalifa, the world’s tallest skyscraper. His website shows him hobnobbing with politicians, Bill Gates and Bollywood royalty.

“The thrill of speed and freedom makes me love cars,” Shetty, 77, told local reporters last year.

Shetty had more than enough money -- at least on paper -- to afford such a lifestyle from companies he helped found, including hospital operator NMC Health Plc and financial services firm Finablr Plc. On Dec. 10, his stakes in the public companies were valued at $2.4 billion, making up the bulk of a fortune spanning education, hospitality and one of the world’s oldest tea companies.

Then, a week later, Carson Block came along.

Block’s investment firm, Muddy Waters, issued a report criticizing NMC’s accounts and disclosing a short position. Since then, Muddy Waters’s scrutiny has snowballed into a troubling scenario for Shetty that sheds light on his complex share arrangements and casts doubts about his net worth. His holdings in Finablr and NMC are worth $885 million, but Shetty’s fortune may now be just a fraction of that, depending on the size of his borrowings.

Filings this month show that Shetty pledged a quarter of his NMC stake against loans with First Abu Dhabi Bank and Zurich-based Falcon Private Bank. Two other shareholders may own half of his reported stake. Another lender -- Al Salam Bank Bahrain -- has already sold some of those shares to enforce security over a loan for Shetty, and NMC said Tuesday that First Abu Dhabi Bank sold another chunk earlier this month.

The situation “seems to have gone beyond some of the issues that Muddy Waters focused on initially,“ said Gavin Launder, a fund manager at Legal & General Investment Management, who owned shares in NMC until October. “The increased scrutiny has unearthed other issues.”

Law firm Herbert Smith Freehills has launched a review of Shetty’s holdings at his request, a spokesperson for the Indian-born businessman said, declining to comment further until the analysis is completed. Shetty resigned Sunday as NMC’s chairman.

In its Dec. 17 report on NMC, Muddy Waters hinted at potential overpayment for assets, inflated cash balances and understated debt. Shares of the United Arab Emirates’ biggest private health-care provider have since plunged 67%, and the firm is now the focus of takeover speculation. The sell-off also spread to Finablr, whose stock has tumbled 64% in that span.

NMC has disputed Muddy Waters’s claims, and the company hired former FBI Director Louis Freeh to conduct an independent review of the short seller’s allegations. Meanwhile, local regulators “are making inquiries with the relevant parties,” a spokesperson for the U.K.’s Financial Conduct Authority said.

Shetty is hardly the only ultra-wealthy person to leverage his assets. Elon Musk has used his shares in Tesla Inc. to obtain personal loans, while Oracle Corp. Chairman Larry Ellison has put up millions of the company’s shares to fund a lavish lifestyle that includes trophy properties, America’s Cup teams and the Indian Wells tennis facility in California.

But such deals can also sour, as demonstrated by Shetty’s lenders selling shares his investment firm pledged. He and his advisers are investigating details of the sales as part of their legal review, according to filings.

To complicate matters, Shetty pledged another batch of NMC stock in 2018 as part of a so-called equity collar arrangement with Goldman Sachs Group Inc. that uses options to limit the impact from share moves. Last month, he also pledged most of his stake in Finablr to refinance a loan from the company’s takeover of foreign-exchange firm Travelex for about $1.2 billion.

BRS Ventures Investment, the UAE-based holding company for most of Shetty’s assets, doesn’t report consolidated financials, preventing a complete analysis of his net worth. His other assets include a catering company, a waste-management firm and pharmaceutical business Neopharma, which four months ago was in the early stages of planning for an initial public offering.

Block, 43, earned his reputation as a short seller a decade ago through targeting U.S.-listed Chinese companies that he claimed were frauds. More recently, his San Francisco-based firm focused on British litigation-finance firm Burford Capital Ltd. and Japanese biotech stock PeptiDream Inc. Short sellers seek to benefit from a decline in a company’s share price.

Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.

Block said he didn’t anticipate NMC’s shareholding drama.

“I wouldn’t have been able to predict that we’d get these bizarre disclosures about unclear share ownership coming out of the company,” he said in a Feb. 13 phone interview. “This has been obviously a more dramatic unraveling than we usually see.”

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
May 29,2020

Bengaluru, May 29: The Karnataka government has requested the Civil Aviation Ministry to reduce the number of flights, emanating from Maharashtra, Tamil Nadu, Gujarat, Madhya Pradesh and Rajasthan to the state in view of the high number of Covid-19 Cases prevalent there.

In a clarification issued to the Media this evening, the Minister for Law and Parliamentary Affairs Mr J C Madhuswamy has said that Karnataka has not sought for imposing a ban on flights emanating from these places, as reported in some sections of the Media.

Karnataka has appealed to the Civil Aviation Ministry to take steps to lessen the air traffic to the State, with the sacred intention that there may not be adequate quarantine facilities if there is huge turnout at a short period, he added.

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
February 2,2020

New Delhi, Jan 2: India on Sunday reported the second case of novel coronavirus with a person from Kerala with a travel history to China testing positive, officials said.

"The patient has tested positive for novel coronavirus and is in isolation in a hospital," the health ministry said.

The patient is stable and is being closely monitored, it said.

India's first novel coronavirus case in India was also reported from Kerala with a student testing positive.

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.