Jaffer Sharief, the man behind golden era in Railways sector

Vijesh Kamath for Deccan Herald
November 26, 2018

Bengaluru, Nov 26: Former union minister and senior Congress leader C K Jaffer Sharief, best known for ushering in a golden era in the railways sector in Karnataka, passed away in Bengaluru on Sunday. He was 85.

Sharief suffered a major cardiac arrest at home and was rushed to a private hospital. He breathed his last at 12.30 pm. He will be laid to rest at Jayamahal burial grounds on Millers Road following namaz at Khadria mosque on Monday afternoon.

Born on November 3, 1933, in Chitradurga, Sharief started his political career driving the car of his political mentor and former chief minister S Nijalingappa in the late 1960s.

He was loyal to the Congress, but at times caused embarrassment to the party by making caustic remarks against the leadership.

Sharief was best known for his tenure as railway minister (1991-95) in the P V Narasimha Rao Cabinet. He brought several railway projects to Bengaluru and is credited with the task of broad gauge conversion across the country.

Sharief’s tenure at the helm of the Railways is known as the golden period for the state. He sanctioned 1,000 km of gauge conversion works out of the 6,000 km sanctioned to the entire country. This included conversion of section like Bengaluru-Guntakal, Bengaluru-Mysuru.

He also secured several new lines including Chitradurga- Rayadurga and Mangaluru-Roha. He was instrumental in getting the Wheel and Axle plant to Bengaluru. He played a pivotal role in the establishment of the South Western Railways and securing the Inland Container Depot and Railway Recruitment Board to the state.

It was during Sharief’s time that services like Shatabdi and Rajdhani were introduced from Karnataka and several rail over bridge and rail under bridges built. A seven-term Lok Sabha member, he represented Bengaluru North constituency without a break between 1977-96. He was denied a ticket in 1996 following his initials figuring in the infamous Jain diaries. However, he came back with a bang, winning the seat in 1998.

In 1969, Sharief took sides and joined the Indira Gandhi faction when the Congress split. It is said it was Sharief who sounded Indira Gandhi that senior Congress leaders were planning to expel her from the party for indiscipline.

This earned a reward for Sharief who was inducted into the cabinet as minister of state for railways by Indira Gandhi in 1980. He also served as the minister of state for coal in the Rajiv Gandhi government.

Popularly called “Jaffer bhai” in political circles, Sharief many a time wanted to enter state politics and even cherished the dream of becoming chief minister. However, that was not to be. The last time he contested elections was in 2009 from Bengaluru North constituency and was defeated by D B Chandre Gowda of the BJP.

In the last few years, Sharief fell out with the Congress leadership as he felt he was being sidelined. On several occasions, he threatened to quit the party, sulking for being denied a ticket to him or his family members. Sharief lost two of his sons in 1996 and 2008. He is survived by two daughters.

Comments

Sruti Kotian
 - 
Monday, 26 Nov 2018

True.. such a good man

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News Network
January 6,2020

Bengaluru, Jan 6: Activist Irom Chanu Sharmila took part in a protest against the Citizenship Amendment Act (CAA), National Register of Citizens (NRC) and National Population Register (NPR) at Sir Puttanna Chetty Town Hall here on Sunday.

Sharmila, who came in the protest along with her child, took part in a 'burqa and bindi' protest marking the birth anniversary of social reformer Savitribai Phule.

Protests have erupted across the country over the CAA which grants citizenship to Hindu, Sikh, Jain, Parsi, Buddhist, and Christian refugees from Pakistan, Afghanistan, and Bangladesh, who came to India on or before December 31, 2014.

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News Network
January 5,2020

Bengaluru, Jan 5: Karnataka Minister for Large and Medium Industries Jagadish Shettar warned of strict action against officers who demand bribe from farmers while acquiring land.

Mr Shettar, who paid a surprise visit to defense, aerospace hi-tech industry layout in Haraluru, Devanahalli in Bengaluru Rural district, warned the officials who demand a bribe for sanctioning compensation funds.

He said, 'Lands have been acquired from farmers for the development of the industrial area. It's the duty of state government to provide compensation to these farmers. Complaints must be registered against officials who demand a bribe for functioning compensation funds.'

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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