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Relief for Yeddyurappa?as HC quashes 15 land cases against him

[email protected] (Agencies)
January 6, 2016

Bengaluru, Jan 5: The High Court on Tuesday quashed all the 15 FIRs filed against former chief minister B S Yeddyurappa with the Lokayukta police in connection with denotification of land in and around Bengaluru city.

yeddyurappaAllowing the petition filed by Yeddyurappa, Justice Rathnakala in the order stated that FIRs cannot be filed based on the report of the Comptroller and Auditor General (CAG). However, the bench said that the other contentions of the petitioner are kept open.

A private complaint was registered with the Lokayukta police by Jayakumar Hiremath, based on which 15 FIRs were filed against Yeddyurappa. First, three FIRs were filed, saying that land was denotified at survey number 251 in Halagevaderanahalli in Bengaluru South, survey numbers 5/1 and 6/3 in Bilekahalli and survey number 117 in JB Kaval.

The same bench had granted stay on proceedings based on the FIRs. Subsequently, 12 FIRs were filed, saying land was denotified at JP Nagar, HRBR Layout, Jayanagar 8th block, Rachenahalli and surrounding areas.

The CAG report said that denotifying land had caused loss to the State’s exchequer. Questioning the basis and seeking quashing of the FIRs, Yeddyurappa had approached the High Court. Senior counsel C V Nagesh, appearing for Yeddyurappa, had contended that FIRs filed by Lokayukta were based on the CAG report and not on the PAC (Public Accounts Committee) report, which is normally placed before the House to decide on the matter.

In the CAG report, it is said that the land has been denotified, but it is not said that it is illegal. He has contended that the FIR has not been filed as per Section 12 of the Lokayukta Act, which calls for a compliance report to be placed before the competent authority, who is the governor in this case.

Additional Solicitor General Krishna S Dixit, representing CAG, contended that its report was the sole property of parliament and that the sanctity of the report must be maintained and not misused by other organs of the State. The question whether the CAG report must be allowed for publication or not has to be decided in the House.

This report cannot be used as evidence to file criminal complaints as it is used for making public policies.

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mohammad.n
 - 
Wednesday, 6 Jan 2016

Another Salman Khan, good.!
Ache Din continues...

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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coastaldigest.com news network
February 28,2020

Mangaluru, Feb 28: Two labourers lost their lives as they were buried alive in a landslip at Karangalpady Junction near Bunts Hostel in the city today.

The landslip occurred when a compound wall collapsed burying at least five persons under the debris. It is feared that three people are still under the debris.

The deceased have been identified as Mohammad Masood (20) from West Bengal and Bhimappa (25) from Bagalkote.

Local police and fire fighters are carrying out rescue operation.

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News Network
April 22,2020

Mangaluru, Apr 22: A team of officials raided the Big Bags International Pvt Ltd premises here on Tuesday following the apprehensions expressed by locals that the company has violated lockdown rules by resuming operations on April 20.

On Monday several workers of the firm from Kerala, Tumakuru and Bengaluru were reported to be at the premises to resume operations.

The raiding team asked the management to temporarily shut down operations and asked the workers to leave the place.

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