Siddaramaiah, DKS involved in Rs 417-cr scam: Yeddyurappa

DHNS
October 21, 2017

Bengaluru, Oct 21: BJP state president B S Yeddyurappa on Saturday released documents, alleging a Rs 417-crore scam in the Karnataka Power Corporation Limited (KPCL), where Chief Minister Siddaramaiah serves as the chairman and Energy Minister D K Shivakumar as the vice-chairman.

“This is the biggest loot of public money I have ever seen in my political life,” Yeddyurappa told a press conference here.

In September 2002, KPCL formed a joint venture company with Kolkata-based Eastern Minerals and Trading Agency (EMTA) and was allotted six coal mines at Kiloni, Manoradeep and Baranj in Maharashtra. In August 2014, the Supreme Court cancelled several coal allocations, including the ones made to the KPCL-EMTA joint venture. The apex court levied a fine of Rs 295 per metric tonne of coal that was mined. Accordingly, the additional levy payable was Rs 417 crore.

“The private company was liable to pay Rs 417 crore, but KPCL ended up paying it, although it did not have to,” Yeddyurappa said. “Clearly, there were kickbacks involved. I ask Siddaramaiah, why did you act as an agent of the private company? Will you now resign?”

Karnataka Pradesh Congress Committee working president Dinesh Gundu Rao has rubbished the allegations.

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Wellwisher
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Saturday, 21 Oct 2017

Scam specialist or jhondis  

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News Network
April 16,2020

Bengaluru, Apr 16: Karnataka Chief Minister BS Yediyurappa on Thursday inaugurated a mobile Covid-19 testing booth in Bengaluru.

These mobile booths will be used in all wards of Bengaluru to collect samples of those suspected to be infected.

According to information available on the website of Ministry of Health and Family Welfare, as of Thursday, 4:00 PM, 279 coronavirus cases have been reported from the state, with 80 cured/discharged/migrated and 12 deaths.

India's coronavirus tally is at 12,380 cases, said the Union Ministry of Health and Family Welfare on Thursday.

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News Network
April 30,2020

Kasaragod, Apr 30: The Kasaragod District Collector Sajith Babu, his gun man and driver has entered in quarantine on Wednesday.

According to sources, the Collector had been asked to go on quarantine after the reports of a journalist, who interviewed him, was tested positive for the virus.

Chief Minister Pinarayi Vijayan at his routine evening press conference revealed the positivity of the journalist.

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News Network
January 14,2020

Bengaluru, Jan 14: Days after the Reserve Bank of India (RBI) capped to Rs 35,000 the withdrawal limit of Sri Guru Raghavendra Co-operative Bank, BJP MP Tejasvi Surya on Monday reassured account holders and said Finance Minister Nirmala Sitharaman was personally monitoring the issue.

Taking to Twitter, Surya said, "I want to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. Hon'ble Finance Minister Nirmala Sitharaman is appraised of matter and is personally monitoring the issue. She has assured the government will protect interests of depositors. Grateful for her concern."

The Bengaluru South MP also attached a letter in his tweet where he had appraised Sitharaman of the situation.

"Finance Minister, after speaking with the RBI governor and other authorities concerned, assured Surya that the government will do everything in its capacity to protect the interests of the depositors and the long term interests of the bank," the letter read.

It said that Surya also reached out to Sitharaman "three times on January 13" after which she reassured him that the "depositors need not panic".

RBI had, on January 10, imposed certain restrictions on Sri Gururaghavendra Sahakara Bank Niyamitha.

"In particular, a sum not exceeding Rs 35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.

The regulatory body said that the bank will continue to undertake banking business with restrictions until its financial position improves.

"These directions shall remain in force for a period of six months from the close of business of January 10 and are subject to review," it said.

The bank has been restricted from granting or renewing any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except.

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