I-T raids premises of Cafe Coffee Day owner V G Siddhartha

Agencies
September 21, 2017

Bengaluru, Sept 21: The officials of the Income Tax Department are conducting raids on several properties belonging to former Karnataka chief minister SM Krishna's son-in-law, said reports on Thursday.

According to news agency, the raids are being conducted on the premises of Krishna's son-in-law and owner of Café Coffee Day, V G Siddhartha in Bengaluru.

The raids are being carried out over 20 locations in Bengaluru, Mumbai, Chennai and Chikmagalur. However, there is no official confirmation regarding the raids from the Income Tax Department as yet.

V G Siddhartha is the owner of several firms including the famous Coffee Day, Way to Wealth Group, Serai Group etc.

The IT raids on properties owned by Siddhartha comes several months after SM Krishna – a veteran Congress politician for over four decades - joined the BJP in March this year.

SM Krishna, apart from being the former Chief Minister of Karnataka, has also been the External Affairs Minister in the UPA government as well as the Governor of Maharashtra.

Comments

Manjunath
 - 
Thursday, 21 Sep 2017

What about Reddy brothers and Yediyurappa? Don't IT dept know of their illegal wealth?

Mohan
 - 
Thursday, 21 Sep 2017

IT raid doesnt mean jack if you have contacts in ruling party. Shah the criminal can use these raid as bargaining chips with SM krishna

Naveen poojary
 - 
Thursday, 21 Sep 2017

Modi doesn't make a difference between ruling party or opposition.
He will go after any scamster...well done.

Unknown
 - 
Thursday, 21 Sep 2017

If you send a suitcase to amitshah nothing will happen to you either.
Shah is collecting the money

Rakesh
 - 
Thursday, 21 Sep 2017

SMK the turn coat, is a spent force for congress & Jumla party as well. He cant do any damage to Congis. Just to have another feather in the cap of Feku, this raid is conducted. There r Sharks in Feku's own party who r free like Adani, Sushil Modi, Vijaivarghia, Ajay Devgun, Ashok Pandit etc. Nothing will happen to them.

Kiran
 - 
Thursday, 21 Sep 2017

Why no raid on Reddy brother?

Kalandar Manna…
 - 
Thursday, 21 Sep 2017

The corrupt must be caught, must need to take strict action.

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News Network
July 2,2020

Bengaluru, Jul 2: Former Karnataka Chief Minister HD Kumaraswamy on Thursday accused BS Yediyurappa-led state government of "failure" to protect the citizens from coronavirus, stating that Karnataka was suffering due to lack of co-ordination in the cabinet.

In a series of tweets, the JD(S) leader slammed the state government for wasting their time in giving out contradictory statements regarding COVID-19 figures instead of learning lessons from the Kerala government.

"It is shocking to see COVID-19 patients being turned down by the hospitals due to lack of beds. The government has failed in its duty to protect the citizens. The CM and his cabinet colleagues wasted precious time in mere talking for the last three months. As the escalated Covid numbers stare them in the face, they are now helpless," Kumaraswamy wrote.

"Even when you have a proven model in Kerala government's success in Covid management, the ministers waste time in issuing contradictory statements and doing nothing. Karnataka suffers due to lack of co-ordination in the cabinet," he said.

Urging the government to act together, he said that if the government does not get its act together, the day is not far when Covid patients would be "condemned to die on the streets."

We are already seeing heart-wrenching stories of patients denied treatment," he added.

Kumaraswamy also appealed to the Karnataka government to consider the suggestions he had made earlier and not to indulge in party politics in these testing times.

"I appeal to the government to consider the suggestions I made earlier and act accordingly. This is not the time for party politics."

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coastaldigest.com news network
April 30,2020

Newsroom, Apr 30: Beleaguered billionaire B R Shetty, who went into hiding after after a multi-billion fraud at UAE-based NMC Health came to light, has now put the blame on his companies employees.

The former chairman of the Abu Dhabi headquartered hospital operator said, investigations he commissioned found following things:

1. The fraudulent creation and operating of bank accounts in my name including many fraudulent transfers that I neither authorised, consented to, or had any knowledge of.

2. The fraudulent creation of loans, personal guarantees, cheques and bank transfers in my name, and using my forged signature, that I neither authorised, consented to, or had any knowledge of.

3. The creation and set-up of companies in my name that I neither authorised, consented to, or had any knowledge of, and that were seemingly created with the express intention to commit or conceal fraud.

4. The fraudulent creation of powers of attorney, and the misuse of existing powers of attorney, again in my name, that I that I neither authorised, consented to, or had any knowledge of.

5. The creation and provision to me of false and misleading financial statements and information regarding the performance of some of my private companies and investments by members of my own management team.

6. The payments of expenses using my private companies and personal bank accounts, I believe to hide the true financials of the public companies."

This is the first time Dr. Shetty, who is reportedly hiding in India for the last couple of months, issued a statement based on investigations he commissioned privately. He had brought in a consultancy to conduct it after initial revelations came to light that NMC Health had not been fully transparent with its finances.

Dr. Shetty had stepped down as executive chairman after the then Board of Directors barred him from attending any meetings. “I intend to work tirelessly to clear my name and assist any authorities in getting to the truth and help them ensure that misappropriated or missing funds are returned by the perpetrators to their rightful owners,” said Dr. Shetty.

This month, ADCB, which has the highest exposure among UAE banks to NMC Health, brought charges against five former officials, including ex-board of directors, with Abu Dhabi prosecution. The former CEOs of NMC Health and Finablr are also currently not in the UAE.

Comments

Kannadiga
 - 
Thursday, 30 Apr 2020

Can he explain give few wordd about Daniel Varghese  the founder of UAE exchange.

Who is the person shattered his fate .

 

 

 

 

 

 

 

 

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News Network
June 11,2020

Bengaluru, Jun 11: A love triangle took a violent turn when a final-year engineering student was assaulted by both her current and former lovers. She's now battling for her life in the ICU, police said. 

For the 22-year-old woman, who lives in Sidedahalli, it was a case of fast-changing relationships. She broke up with a fellow student Babith, 21, a few months ago after having dated him for four years. Four months ago, she started seeing another collegemate named Rahul, 22, and everything seemed fine. 

On June 7, she went to Rahul's house, ostensibly for his birthday party, after informing her parents. Babith got wind of it and barged into Rahul's house. The trio got into an argument, and Rahul abused and assaulted her. 

The woman decided to leave him, and went with Babith to his house in Chikkabanavara, North Bengaluru. But things didn't end there. Babith picked an argument with her. Things became so bad that he attacked her with a helmet. 

He then panicked and called her parents, asking them to take her home. When her parents arrived, they found only Babith, his mother and sister in the house. Babith's family directed them to a bedroom where she was lying motionless, with her face being badly wounded. 

When her parents demanded to know what had happened, nobody responded. They took her to a hospital where her condition remains serious. A while later, Babith came to the hospital and gave her parents the key of her scooter. He told them what had happened and allegedly warned them against filing a police complaint. 

Her mother, however, filed a complaint with the jurisdictional Soladevanahalli police. According to her, Babith had fought with her daughter at their house for not taking his phone calls six months ago. 

Shashikumar N, Deputy Commissioner of Police (North), said both the men had been arrested and that further investigations are underway. 

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