Now, this CM Ibrahim lambasts Siddu; praises Deve Gowda

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October 22, 2016

Mysuru, Oct 22: At a time when the dust raised by former minister V Srinivasa Prasad's resignation is yet to settle, senior Congress leader and Planing Commission vice-chairman C M Ibrahim has made public his resentment against Chief Minister Siddaramaiah.

1cmHe said Siddaramaiah has failed to perform to people's expectations and felt that people will rate the performance of the governance in the coming elections. Stating that recent developments in the party has hurt him, Ibrahim said, “People are aware of what is going on around them and it is not possible to cheat people for a long time. A day will come when people will give them a befitting reply.”

Asked about V Srinivasa Prasad's resignation and a few senior leaders being cornered in the party, the former Union minister, who was in the city to inaugurate a jewellery mart on Friday, said they (the chief minister and the district minister) are big people. “They are like 5,000 MW high tension wire and people like us are 50 watt bulb,” he said.

When asked why he and others, who strove to make Siddaramaiah Chief Minister, are sidelined, Ibrahim said people know who is responsible for the success and failure of the government.

“I was the one who made an announcement that Siddaramaiah will be the next chief minister. We had high expectations and it is unfortunate that our hopes are shattered now,” he added.

However, Siddaramaiah who has another 18 months, should make efforts to give good governance, he said.

Recalling his association with Jayaprakash Narayan, former chief ministers Veerendra Patil, Nijalingappa and D Devaraj Urs, Ibrahim stated that they were never after power.

He defended his strong bonding and association with former Prime Minister H D Deve Gowda by comparing the latter to a tulsi plant that is worshipped and also used as a herbal medicine. He prayed for Gowda's good health.

Ibrahim alleged that both the national parties did not put their souls into the Cauvery and Mahadayi disputes.

He said both the parties are likely to lose their ground in the state and hinted that like-minded people will come together in the near future.

Also Read: Vishwanath backs Ibrahim, says many are not happy with CM Siddu

Comments

Salam Bava
 - 
Saturday, 22 Oct 2016

Laughing stock -Ibrahim, throw a flesh at him he will keep quiet. Power hungry, his outburst is nothing to do with community or state welfare!
he said Peju as ' Nadedaaaduva Devaru'- shame on him
Siddaramayayya has given the best possible administration given the circumstances. Congrats to him

Ahmed
 - 
Saturday, 22 Oct 2016

Waste Body..Completely involved in Shriq what more can accept from this Guy..Leave him.. Barking Dogs never Bites.

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News Network
February 15,2020

Mangaluru, Feb 15: Dense fog formation and poor visibility at the runway forced to delay and diversions of some flights arriving and take off at the Mangaluru International Airport (MIA) on Saturday.

Flights take off and landings were suspended from 0700 hours am to 1030 hours.

Many flights to land in the morning were diverted.

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News Network
February 6,2020

Mysuru, Feb 6: Karnataka Health Minister B Sriramulu on Thursday said that he would consult experts in Ayurveda and other streams over coronavirus issue.

Speaking to the media here, he said that ''So far no positive case has been reported in the state''.

''However, the Health department officials have taken all precautionary measures to check the epidemic'', he further said.

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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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