Journalist Gauri Lankesh, who led crusade against communalism, shot dead

coastaldigest.com news network
September 5, 2017

Bengaluru, Sept 5: Veteran journalist and peace activist Gauri Lankesh (55) who led a crusade against saffron extremists and communalism in Karnataka for decades was on Tuesday shot dead by unidentified gunmen near her residence in Bengaluru.

The incident took place within a few days after the second anniversary of the assassination of M M Kalburgi, a rationalist and former vice-chancellor of Kannada University in Hampi, who also had earned the wrath of Hindutva extremists through his writings. The manner in which Gauri was killed was eerily similar to the way in which Kalburgi was killed.

According to reports, at around 7: 00 pm, the gunmen shot at Gauri and wounded her fatally before escaping from the scene.  Police said that Gauri was getting out of her car to open the gate of her house, when assailants shot her. The shots penetrated her chest and she was killed on the spot, reports said.

Gauri was the daughter of revolutionary journalist P Lankesh. She was a veteran editor and columnist in both Kannada and English, and was a vocal critic of the right wing.

Last year, she was convicted of criminal defamation in two cases by the Judicial Magistrate First Class (JMFC) Court in Hubballi on Monday. Dharwad BJP MP Prahallad Joshi and BJP leader Umesh Dhushi had filed individual defamation cases against Lankesh in objection to a report on BJP leaders she had published in her periodical on January 23, 2008.

According to the police, Gauri left her office - Gauri Lankesh Patrike - at Gandhi Bazar around 7 pm. She reached her home around 7.45 pm.

As she was about to open the main door, three assailants called her. As she stepped out, they pumped four bullets from point-blank range. The bullets pierced her abdomen and chest.

Neighbours rushed out on hearing gunshots and Gauri's screams and called an ambulance.

"The house is located in a secluded area near Ideal Homes in Rajarajeshwarinagar. There was no immediate help after the attack," said Shivasundar, Gauri's close aide.

Police Commissioner T Suneel Kumar said it is yet to be ascertained whether the assailants were following Gauri or waiting near her residence.

"Four cartridges have been found at the spot. There are two CCTV cameras at the house and the footage will be examined after forensic officials inspect the spot. Three teams have been formed to nab the assailants, including one headed by joint commissioner (crime). We are also checking other CCTV cameras in the area," Kumar said.

The police said that the modus operandi in Gauri's murder is similar to that of Kalburgi case.

Gauri is the eldest daughter of revolutionary Kannada journalist and thinker P Lankesh. Gauri was known for her writings against the RSS and the BJP.

She had spearheaded several movements in the state and was instrumental in facilitating the surrender of Maoists who wanted to return to the mainstream.

Chief Minister Siddaramaiah said, "Soon after the police submit a preliminary report, we will determine the nature of the probe.”

The chief minister clarified that Gauri had not sought police protection and that there were no intelligence reports indicating a threat to her life.

After visiting the spot, Home Minister Ramalinga Reddy said, "She (Gauri) was staying alone and her mother was with her sister Kavitha in Uttarahalli. The officials told me that she met DGP R K Dutta three times. However, she never shared any information about a threat to her life. In fact, she called me on Saturday and said that she would meet on Monday. But she did not turn up,'' Reddy said.

The body was shifted to the Victoria Hospital for postmortem. A family member said the funeral would be held on Wednesday.

Comments

ayman kudroli
 - 
Tuesday, 5 Sep 2017

wipe out namardonki fouj club of bachelors what  akbaruddin owaisi said once its true ban rss terrorist org

Habeeb Puttur
 - 
Tuesday, 5 Sep 2017

Definately behind this murder KP Bhat and Raghu Swamy... arrest them soon...just check last week's gauri lankesh pathrike main page, what she wrote....and about whom...

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News Network
July 12,2020

Mangaluru, Jul 12: Mangaluru City Corporation Commissioner tested positive for COVID-19 on Sunday.

He was suffering from fever since the last few days and today his swab results came out positive.

He is currently undergoing treatment at a private hospital in the city and his condition is stated to be stable.

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News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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News Network
May 29,2020

Bengaluru, May 29: Chief Minister B S Yediyurappa and BJP State President Nalin Kumar Kateel will resolve any differences of opinion among party leaders in Karnataka, according to Minister of State for Railways Suresh Angadi

If anybody has any issues, they should get them resolved by talking with Yediyurappa and Kateel. Internal matters, if any, should not be discussed in public, he said.

Angadi told reporters here on Friday that differences of opinion among party leaders have not come to his notice. A section of party leaders assembling for dinner should not be constituted as a meeting of dissidents. BJP has internal democracy and any differences of opinion if exist will be resolved at the party forum.

He added that if MLA Umesh Katti has any issues regarding cabinet berth or regarding assurances given to him by Yediyurappa during the Lok Sabha elections, he should talk with the chief minister.

Everyone in politics has aspirations and it's natural. Those aspiring for the upcoming Rajya Sabha elections should talk with the chief minister or the state president, he said.

Ramesh Katti was former MP and there was nothing wrong in him being aspirant for Rajya Sabha elections, he said.

Angadi said, "Party is supreme. We shall work for the victory of party candidates irrespective of who they were".

A state cabinet meeting was held on Thursday. Many of the MLAs too had been to Bengaluru for constituency-related works. As they had been meeting after a long time, all gathered for dinner, he expressed.

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