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Palemar alleged of hiding criminal case against him before EC

[email protected] (CD Network)
May 3, 2013
Mangalore, May 3: In a fresh allegation, Mangalore North BJP candidate and incumbent MLA Krishna J Palemar has said to have covered up a criminal case against him before the Election Commissioner.

Leveling allegations, Srinivas Salian, Managing Trustee, Vidya Education Trust, has said in a news conference that pretending to show interest in Konchadi's Vidya Education Trust at the time of starting his real estate venture, 'Land Links' Mr Palemar had taken the trust members into confidence and joined the trust as a trustee in April 2000. Soon, he manipulated the Trust Deed and declared himself the President of the Trust besides naming his family members as trustees, thereby claiming it to be a family Trust and swallowed properties of the Trust worth crores of rupees”, Mr. Salian said.

A case was registered against Mr. Palemar in this regard and the matter is sub judice before Karnataka High Court. But Mr. Palemar has not made a mention of this in the affidavit filed with the Election Commission, Mr. Salian said.

Mr. Palemar created false documents to prove that he is the President of the Trust by getting auditors to certify that he had provided a loan of Rs 22 lakhs to the Trust besides a loan of about Rs. 40,000 given to the Trust by his son Pradeep Kumar. Mr. Palemar got the Trust documents forged bringing his goons into play and a complaint was filed with the Additional JMFC court. The court directed Pandeshwar police to investigate the matter and submit a report. The case will come up for hearing on May 4 and the court may order registering of a criminal case against Mr. Palemar following perusal of the police report. But all these details have been left out by Mr. Palemar in the affidavit, Mr. Salian said.

Although a complaint was filed with the Election Commission about Mr. Palemar's false affidavit, no action has been taken by the Commission so far, Mr. Salian alleged.

pressmeet

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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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coastaldigest.com news network
August 6,2020

Madikeri, Aug 6: Heavy rainfall triggered landslides at Brahmagiri hills in Talacauvery in Kodagu on Thursday.

Four members of the Talacauvery temple priest family are missing in the landslides informed Annies Kanmani Joy, Kodagu DC.

She also informed that Advanced Rescue Team has been rushed to incident site.

According to the reports, houses belonging to two priest families were destroyed in the incident. 

However, one house was vacant as family had moved to Bhagamandala.

Visuals from Kodagu showed a flood-like situation, with houses and vehicles submerged under rainwater.

Meanwhile, heavy rains continued to lash Dakshina Kannada, Udupi and Chikkamagaluru districts on Thursday.

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News Network
March 4,2020

Bengaluru, Mar 4: A total of five people suspected of being infected with Coronavirus have been admitted to the isolation wards of Rajiv Gandhi Institute of Chest Diseases in Bengaluru.

Samples of these patients have been collected and their reports are likely to be received later today.

Karnataka Chief Minister BS Yediyurappa has assured people in state about preparedness to tackle Coronavirus.

Earlier in the day, Union Health Minister Dr Harsh Vardhan had said that there were 28 cases of Coronavirus in the country and added that universal screening of all international flights will begin to control the spread of the deadly virus.

Global deaths due to Coronavirus outbreak have risen above 3,000.

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