I-T raids on D K Shivakumar: A setback for Cong in Karnataka?

News Network
August 2, 2017

Bengaluru, Aug 2: In a major setback to the Congress party in Karnataka, which is hosting 42 party MLAs from Gujarat, ahead of the Rajya Sabha polls onAugust 8, the IT department on Wednesday conducted simultaneous raids on energy minister D K Shiva Kumar's residences and at the resort where the legislators have been put up.

The raids commenced at 7 am and are still continuing with the IT officials raiding at Kumar's residence in upmarket Sadashivanagar in Bengaluru, his MP brother D K Suresh's house and in their constituency Kanakapura. The team is also at Eagleton resort where the 42 MLAs have been put up from July 27 onwards against poaching from the BJP.

Kumar and his brother were in complete charge of hosting the MLAs. The former returned from New Delhi late on Tuesdaynight and was at the resort at the time of the raid.

Meanwhile a press statement from DGIT (Inv), Bengaluru without naming the minister said the Karnataka Investigation Wing of the Income tax department said the search was under Section 132 of the Income Tax Act and is an evidence gathering exercise which is being carried in compliance with all statutory requirements. The search is the continuation of an investigation which has been in progress for a considerable period of time.

Besides, the timing of the search was decided well in advance. The events involving certain MLAs of another state being brought to Karnataka were unforeseen and unpredictable events.

"The Minister being searched was staying at the resort near Bengaluru where some MLAs from another state are put up. Hence the Minister's room alone is being searched," the statement said.

The statement said the search team has no concern with the MLAs and there has been no contact between the MLAs and the search team. "It is again reiterated that the Income Tax search is only on one Karnataka minister," it added.

No searches on resort: I-T department

According to a release issued by the I-T department, the raids on Shivakumar's residence and at Eagleton resort were only related to the energy minister only.

"The search team has no concern with the MLAs and there has been no contact with MLAs and the search team. It is again reiterated that the Income Tax search is only on one Karnataka Minister," reads the release.

The department has said the raids were an "evidence gathering exercise" and is a continuation of an investigation against the minister.

While Congress leaders allege that the raids are a handiwork of the BJP-led central government to "influence" the Rajya Sabha elections, the I-T department has said that the search was decided well in advance.

"The search is the continuation of an investigation which has been in progress for a considerable period of time. The timing of the search was decided well in advance. The events involving certain MLAs of another state being brought to Karnataka were unforeseen and unpredictable events," states the I-T department.

Comments

abdullah
 - 
Wednesday, 2 Aug 2017

Modi playing a revenge game.

naeem
 - 
Wednesday, 2 Aug 2017

cong don’t have trust on thr MLS, politics s only a money game. Played by cheaters.

 

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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coastaldigest.com news network
January 15,2020

Bantwal, Jan 15: Two people died in a head-on collision between two two-wheelers at Mani-Mysuru Highway in Bantwal last night, police said on Wednesday.

Police said that Parikshit (19) and Padmanabha Gowda (28) were heading towards Mane while Mohammed Ajmal (19) on his activa was on his way towards Kodaje when they collided head-on.

All the victims were immediately rushed to hospital for treatment where two of them breathed its last after not responding to the treatment.

Parikshit and Ajmal lost their lives while Gowda suffered critical injuries, the police said.

In another road accident reported from Kodangayi near Radukatte in Vittla, seven people including women and children sustained injuries when a Maruti Omni and another vehicle collided here on Tuesday evening.

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News Network
March 25,2020

Udupi, Mar 25: Fearing Corona infection a 56-year-old man has committed suicide over in Udupi. 

The deceased has been identified as Gopalkrishna Madivala.

He was a KSRTC bus driver and was currently performing a duty to train new drivers.

He suspected his friend had contracted COVID-19 and as he had a close association with him, he feared he too will be infected and hence hanged himself on a tree.

Although symptoms of Corona infection do not appear to him, he left behind a death note which stated that he resorted to the extreme step over suspicion of having been infected by a corona trait of a friend. 

Recently, the first COVID-19 positive case in Udupi where a 34-year-old man has been tested positive.

A press release issued by the District Health and Family Welfare Officer on Wednesday said that the man had come from Dubai to Udupi district on March 18.

Since he showed symptoms of COVID-19, he was admitted to the District Government Hospital on March 23. His throat swab was sent for test and the preliminary report stated that he had tested positive for COVID-19.

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