Mining scam: Apex court refuses protection from arrest to HDK

DHNS
July 28, 2017

New Delhi/Bengaluru, Jul 28: The Supreme Court on Thursday refused to grant any protection to former Karnataka Chief Minister H D Kumaraswamy from arrest in the cases relating to illegal grant of mining lease and lifting of minerals in favour of two miners and receipt of Rs 150 crore bribe.kumaraswamy

A bench of Justices A K Sikri and Ashok Bhushan just recorded a statement by Karnataka Lokayukta’s counsel, senior advocate Vikas Singh and advocate Joseph Aristotle, and Kumaraswamy’s counsel that the matter is coming up for consideration for anticipatory bail before the High Court of Karnataka on Friday. The court said the parties would be free to raise their plea before the high court.

In a relief to Kumaraswamy, the bench, however, said the Special Investigation Team (SIT) formed by the Lokayukta was permitted to carry out its investigation but the final report (charge sheet or closure) would not be filed without permission from the apex court.

However, Kumaraswamy’s anticipatory bail plea came up for hearing in the High Court of Karnataka on Thursday and the court extended the interim relief to him by directing SIT not to arrest him for the next two weeks. Justice Rathnakala adjourned the hearing by two weeks after the SIT informed the court that the mining matter is coming up for hearing in the Supreme Court and sought time.

In the Supreme Court, senior advocates Raju Ramachandran and Huzefa Ahmadi, appearing for the JD(S) leader, contended that the investigating agency has gone on to register separate FIRs in the matter under the garb of the apex court's direction for investigation, in March this year.

“The petitioner is being harassed. They (SIT) are trying to arrest him at any cost. There are three allegations, one related to grant of mining lease in favour of Sri Sai Venkateshwara Minerals, second, renewal of mining lease to Janthakal Enterprises and third, about payment of Rs 150 crore bribe. But, all these were related to one transaction. There cannot be separate FIRs,” they contended.

In respect of Venkateswara Minerals, the high court had already stayed the proceedings, nevertheless the petitioner was being subjected to investigation, Ramachandran submitted.

The cases pertaining to Janthakal Enterprises and payment of bribe was already quashed by the high court but the investigating agency was re-registering FIRs, forcing the petitioner to seek anticipatory bail, Ahmadi contended, seeking the apex court's intervention.

The SIT counsel opposed the plea for any protection, contending the investigation was being conducted on the direction of the Supreme Court only. They also pointed out that the petitioner was seeking anticipatory bail from the high court, despite a clear-cut direction by the apex court that no other court would interfere into the matter.

Declining any protection to Kumaraswamy for now, the court put the plea by former chief minister S M Krishna, represented by senior advocate Mukul Rohatgi, in the case related to de-reservation of forest land for consideration on September 12.

The apex court in 2012 had stayed the investigation against Krishna.

Activist T J Abraham had filed a complaint in the matter by relying upon a report prepared by the then Lokayukta Justice Santosh Hegde, indicting the then chief ministers and bureaucrats in de-reservation of 11,797 square kilometres of forest land in 2002-03 in Ballari district and grant of illegal lease, resulting in huge losses to the government. Meanwhile, the court directed handing over a copy of the SIT report to all the parties.

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coastaldigest.com news network
June 9,2020

Mangaluru, May 9: An Indian expatriate worker from Karnataka’s coastal district of Dakshina Kannada died of in Dubai after he suffered a cardiac arrest.

The deceased has been identified as Yashwant, 37, hailing from Malali Kajila House in Tenkulipady village, on the outskirts of Mangaluru.

He was working as an air-conditioner mechanic in Dubai for the last two years.

As per sources, he suffered a heart attack. However, the exact cause of this death is yet to be known.

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News Network
January 10,2020

Bengaluru, Jan 10: To deal with the problem of animal waste and illegal slaughterhouses in Bengaluru, Mayor M Gowtham Kumar held discussions with concerned departments and consultants to devise a strategy.

Speaking to ANI, Kumar said, "There are some illegal slaughterhouses in and around Bengaluru. We had a discussion with our Special Commissioner (Health) and Chief Health Officer (CHO) also to take up necessary action. We had a discussion last week also."

He also stated that a program has been framed to find illegal slaughterhouses and to shift animal waste generated every day.

"We have framed a program to find illegal slaughterhouses and design them properly. We have planned with our consultants that for the animal waste generated daily, we need four compactors to shift it either to Hoskote or another place that we have identified. We are on it", he said.

The segregation of animal waste and illegal slaughterhouses has been a continued issue in the Bengaluru civic area, a relief from which is expected after the implementation of proposed steps.

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News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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