I-T raids continue at D K Shivakumar’s properties; over 40 locations searched

News Network
August 3, 2017

Bengaluru, Aug 3: Income Tax department officials continued for the second day on Thursday their raids on properties linked to Karnataka energy minister DK Shivakumar, who is in charge of hosting Congress MLAs from Gujarat shifted outside to avoid a break in their ranks.

Officials said in Karnataka alone 39 locations were being searched, in addition to some in Chennai and Delhi. Media reports identified the Delhi properties to be located in Safdarjung and RK Puram.

According to sources, cash was recovered since the searches began at 7am on Wednesday, but there was no indication of the value. The department has not officially confirmed if it retrieved cash.

The raids on Shivakumar escalated into a political confrontation between his Congress party and the Bharatiya Janata Party. The Congress raised the issue in parliament, forcing multiple adjournments in the upper house, and the BJP of carrying out “an unprecedented witch-hunt”.

The Congress legislators taken to Karnataka are crucial for the party’s prospects in a close Rajya Sabha election scheduled next week in which Ahmed Patel, the political secretary to party president Sonia Gandhi, is seeking re-election.

The party saw a string of defections from its Gujarat cadre, prompting it to accuse the BJP of using money and muscle power to gain an advantage in the RS polls.

The raids on Shivakumar triggered protests by Congress members. On Wednesday, youth Congress leaders protested near Shivakumar’s residence in Bengaluru and outside the I-T office in Mangaluru.

Senior Congress leaders in the state were quick to condemn the raids, especially the use of paramilitary forces at the residence of the minister.

“I-T raids targeting energy minister D K Shivakumar is completely politically motivated and central government’s role behind it is well known,” chief minister Siddaramaiah said in a statement. He said, “It is not right on the part of central government to use I-T department for its political conspiracies. We will not bow down to such intimidation.”

Comments

Sandesh
 - 
Thursday, 3 Aug 2017

why the IT team is not raiding Adani & patanjali group ?

Gopal
 - 
Thursday, 3 Aug 2017

BJP is turning India into a dictatorial regime. When BJP can't horse trade MLAs,
let's raid where they are staying.

Truth
 - 
Thursday, 3 Aug 2017

I am surprised that there is no mention in the article about the huge cash seized
in the raid.

Anmol
 - 
Thursday, 3 Aug 2017

BJP is using official machinery to serve their political end. People of this country
will teach them a lesson in 2019.

Mohan
 - 
Thursday, 3 Aug 2017

The intention of the BJP is to tarnish the image of the Congress leaders . People
are watching the game and it will be reflected in the election provided the voting
machines are not tampered

Naveen
 - 
Thursday, 3 Aug 2017

This is how Modi the tyrant ran Gujarat with the Govt machinery as his
henchmen. Now he has the intelligence,ED,CBI,NIA,IT to harass those who
oppose him.It is a shame that India has been reduced to a banana republic.

Ganesh
 - 
Thursday, 3 Aug 2017

OK. Can staunch supporters of D K Shivakumar explain how IT found 10 crore
at his residence?

Kumar
 - 
Thursday, 3 Aug 2017

The more the raid on politicians and corrupt the better the common man feels

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News Network
May 1,2020

Bengaluru, May 1: Chief Minister BS Yediyurappa on the occasion of International Labour Day has appealed to migrant workers in the state to stay back and co-operate with it in resuming economic activities once the Central government issues further directions.

"It is my sincere request to all the migrant workers to stay back in the state and co-operate with us to resume the economic activities once we receive directions from Union Government," Yediyurappa said in a release issued by the CMO.

"COVID-19 situation in India is much better than other countries because of people's cooperation.

We intend to resume economic activities soon. The government has already held a meeting with representatives of associations of commerce and industry in this regard. The government has also appealed to the employers to protect the interest of their workers and pay salaries," he added.

The ongoing nationwide lockdown, imposed to contain the coronavirus spread, is scheduled to end on May 3.

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Charan Kumar | coastaldigest.com
June 24,2020

Bengaluru, June 24: City-based I Monetary Advisory (IMA), which duped thousands of families, mostly Muslims, in the name of halal investment, has become a bitter reality of "we were robbed by our own people". All the accused except its CEO Mohammad Mansoor Khan have been released on bail in this ponzi scam worth thousands of crores of rupees.

The scam has not only been investigated by SIT and CBI, but it has reverberated many times in the Assembly, corridors of power, and in the courts.

Around 80,000 investors are in trouble after the Monetary Advisory (IMA) scam came to light. Many investors have left this world, many families have split, many marriages have broken down and many have become unemployed, homeless, helpless and hapless. One of the senior IAS office, who had faced arrest in the scam, reportedly killed himself just a day ago.

It has been more than a year since this multi-billion scam came to light. But the affected families still do not see any ray of hope. The government, led by senior IAS officer Harsh Gupta, has set up a special competent authority to address investor grievances in the matter.

According to information provided by Harsh Gupta, investors have to be paid Rs 2,900 crore. But the value of the company's assets seized so far could be around Rs 450 crore. The process of auctioning the assets has not started yet. The authority has developed an online portal for submission of claim forms from investors. But the process of taking applications has not started yet. Syed Gulab, a social worker overseeing the case, says that after all the claim forms have been submitted, we will get a clear picture about the exact number of investors and the total amount of arrears. But this process may take a few more months to complete.

Senior journalist Maqbool Ahmed Siraj says that IMA has systematically deceived people in the name of halal investment through capital scheme. In 2006, Muhammad Mansoor Khan, a one-time small businessman, set up a company. He began to attract large number of investors by creating the greed for more profit among middle class and poor people.

By 2015, the company had received money from more than 12,000 investors and continued to pay monthly profits. By the time the company closed in 2019, 80,000 people had invested their hard-earned money here. In Bengaluru, the company expanded its reach by investing in two major gold showrooms, hospitals, schools, several medical stores, a publishing center, a supermarket, and real estate firm.

Mr Siraj says that Mansoor Khan and his team not only lured the poor and middle class to pursue their own interests but also created a favourable atmosphere for their so called business by winning the hearts of politicians, government officials, clerics, religious institutions and media.

Unsuspecting people invested their money in a bid to make more profit in less time. When the company stopped making profits and Mansoor Khan suddenly fled on June 9, 2019, the investors woke up the to the reality.

Apart from residents of Bengaluru and other parts of Karnataka, people from Tamil Nadu, Andhra Pradesh, Telangana, Maharashtra other states also have invested their money.

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coastaldigest.com news network
June 1,2020

Udupi, Jun 1: As many as 73 people have been tested positive for coronavirus in Udupi district today.

The district has registered a total of 260 positive cases so far. Majority of the positive cases in Udupi district have inter-state travel history to Maharashtra.

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