Siddaramaiah brushes aside BJP's allegation of using ACB as political tool

Agencies
August 20, 2017

Bengaluru, Aug 20: Karnataka Chief Minister Siddaramaiah today brushed aside the BJP's allegation that his government was using the Anti-Corruption Bureau (ACB) as a political tool against the opposition leaders, including state BJP chief B S Yeddyurappa.

He also asserted that the FIRs filed by the ACB against Yeddyurappa were based on merits.

"I am not involved in filing the FIRs against Yeddyurappa. I have never played vendetta politics in my career. If I were to do so, I would have done it long back, isn't it? Hence, the FIRs filed against him are based on facts and evidence," Siddaramaiah said.

He was speaking after paying floral tributes to former chief minister D Devaraj Urs on his 102nd birth anniversary here.

The chief minister also wondered that if, according to the BJP, the FIRs against Yeddyurappa were a result of political vendetta, then how would the saffron party describe the IT raids on state minister D K Shivakumar's properties.

Various properties linked to the energy minister were raided by the Income Tax department during the stay of a number of Gujarat Congress MLAs in a resort here, to avoid alleged poaching attempts by the BJP to defeat Ahmed Patel, the political secretary to Congress president Sonia Gandhi, in the recently-concluded Rajya Sabha polls in that state.

The Congress, however, had the last laugh when Patel won the third Rajya Sabha seat from Gujarat.

Siddaramaiah also questioned the need for Yeddyurappa to move the Karnataka High Court, seeking quashing of the ACB proceedings against him, if there was no substance in the FIRs.

Yeddyurappa had yesterday filed a petition in the high court, seeking quashing of the ACB proceedings against him in a land denotification case.

He has been accused of de-notifying 257 acres of land from a preliminary notification of 3,546 acres, meant for the formation of the Dr K Shivaram Karanth Layout, "bypassing" the Bengaluru Development Authority (BDA) committee's approval, when he was the chief minister between May, 2008 and July, 2011.

Two FIRs had been filed against the former chief minister, based on a complaint from the members of the 'Jana Samanya Vedike', a social organisation.

In his petition, Yeddyurappa alleged that the ACB was being used to target the opposition leaders in the state, "in retaliation" to the IT raids at Shivakumar's properties.

He also alleged that the FIRs against him were a result of "political vendetta and mala fide intentions".

The BJP leader also contended that there was no question of any denotification of land by him since the entire land acquisition was quashed by the high court in 2014.

The 2014 order, however, was dismissed by the high court on April 28, 2017, on a review petition.

Earlier in the day, the Karnataka BJP staged a protest here and demanded Siddaramaiah's resignation for "misusing" the ACB by forcing it to file "false" cases against the opposition leaders.

BJP MP Shobha Karandlaje attacked the Congress government for "weakening" the institution of Lokayukta by creating the ACB, which is controlled by the chief minister.

Former deputy chief minister R Ashok alleged that the FIRs against Yeddyurappa were politically motivated.

Yeddyurappa became the first chief minister in south India to step down while in office, following corruption charges against him. He has recently been named as the BJP's chief ministerial candidate for the 2018 Karnataka Assembly polls.

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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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News Network
May 8,2020

Hassan, May 8: A newly married couple accidentally fell into the Hemavathi river and drowned while clicking selfies near Henneli village in the district, police said on Friday.

The deceased were identified as Kritika (23) of the same village and Artheesh (27) of Belur taluk in the district.

They got married on March 20. Both were working in Bengaluru and were in the village due to the lockdown.

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News Network
April 3,2020

Mangaluru, April 3: A police officer in Sullia town of Dakshina Kannada district got injured on Friday after unidentified youth pelted stones at him.

The incident took place when the cop stopped them from entering into the state from Kerala in the view of nationwide lockdown. He was later administered medical aid.

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