Siddaramaiah hands over gifted watch to Assembly Speaker

March 2, 2016

Bengaluru, Mar 2: Mired in a controversy over a luxury watch gifted to him, Chief Minister Siddaramaiah today handed it over to the Speaker amid uproar in the state Assembly, declaring it a state asset.

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As the Assembly was rocked by the controversy for the second consecutive day, an angry Siddaramaiah gave the watch and a letter to Speaker Kagodu Thimappa as BJP and JDS members continued to stage a dharna in the well of the House.

Siddaramaiah's dramatic gesture came when the House reassembled after two adjournments with BJP and JDS persisting with their demand for a discussion on the issue.

The Chief Minister said in the letter to the Speaker, who read it out, that he had paid "advance tax" for the watch.

"I, being the Chief Minister of Karnataka, by following the precedents set by my predecessors in Office, declare that the gifted watch HUBLOT BIG BANG.301-M as government asset...," Siddaramaiah said.

He requested the Speaker to forward the watch to the Chief Secretary to place it in the Cabinet Hall at Vidhana Soudha, the state secretariat, today.

"I, being a law abiding citizen, have paid the tax on the said gifted watch as advance tax on this day of 2nd March 2016," the letter said.

He said the pre-owned "HUBLOT BIG BANG-301-M" wrist watch was presented to him by his Dubai-based NRI friend Dr Girish Chandra Varma in July last at Bengaluru as a personal gift.

Siddaramiah also said Varma has no official dealings with Government of Karnataka or its organisations.

Opposition BJP leader Jagadish Shettar dismissed Siddaramaiah's action as "high drama" and said he was doing so thinking that the controversy would end.

A high-level probe by a central agency should be conducted, he said.

The Chief Minister is in the eye of a storm over the diamond-studded watch.

As controversy erupted, he declared last week that the watch, claimed to be worth Rs 70 lakh, would be declared as state asset and handed over to the government.

As the Assembly met for the day, BJP members entered the well of the House and demanded that a discussion on the issue be allowed and Speaker should reconsider his decision on not allowing an adjournment motion on the issue.

However, Thimmappa, who yesterday rejected BJP's appeal to allow adjournment motion, stuck to his decision.

Following this, BJP continued its protest, stating that affidavit, documents and receipt relating to the watch had to be made public by Verma, who is said to have gifted it.

As both opposition and treasury benches were involved in war of words, the House was adjourned by the Speaker who called the floor leaders for a meeting.

When the House reassembled, opposition members again entered the well and demanded a discussion.

Amidst sloganeering and protest by opposition, the Speaker even allowed introduction and passage of Karnataka Legislature Salaries, Pension and Allowances (Second Amendment) Bill, 2015, aimed at making provision to provide family pension to family members of the member deceased before December 26, 1978 operative from February 22, 2014.

As the protest continued, the Speaker once gain adjourned the House till afternoon.

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Comments

Rikaz
 - 
Thursday, 3 Mar 2016

He should have kept it with him....who cares....why the hell kumarswami cares...if you go and dig KS home...you will find crores of corrupt money in his home....

suleman
 - 
Wednesday, 2 Mar 2016

If that is the Genuine Hublot Bigbang, I bet that is worth Rs. 30 Lakhs.
Any way for Reddy brothers and Kumaraswamy that is peanut.

Rikaz
 - 
Wednesday, 2 Mar 2016

Why did he give it to State...it was a gift for him...strange...opposition do do not have any other issue to screw him....common guy its a watch...why on the hell you guys stopping proceedings...wasting tax payers money...

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News Network
July 19,2020

Bengaluru, Jul 19: A man protested in front of Karnataka Chief Minister BS Yediyurappa's residence on Saturday alleging lack of medical care claimed the life of his one-month-old infant girl, police said on Saturday.

Venkatesh sat with the baby's photograph in front of the Chief Minister's house, saying the girl developed health issues on July 11 and he rushed her to a hospital, but it turned him away, the police said.

He said he had approached about a dozen hospitals and all of them refused to provide the baby any medical care. Eventually, the baby died.

This forced Venkatesh to hold a protest to draw the Chief Minister's attention to the issue, the police said.

The demonstration drew public attention and a few people joined him in the protest, they said.

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coastaldigest.com news network
August 3,2020

Bengaluru, Aug 3: Karnataka Chief Minister BS Yediyurappa and his daughter have been admitted to the Manipal Hospital in Bengaluru for observation after testing positive for COVID-19. The Chief Minister is in clinically stable condition.

"Karnataka Chief Minister has been admitted to the hospital for observation. He is doing well, is clinically stable and will be monitored closely by our team," Manipal Hospital said on Monday.
"His daughter has tested positive for COVID-19. She has been admitted to the hospital," added the hospital in another statement.

Yediyurappa had on Sunday tweeted that he had tested positive for COVID-19. The Chief Minister, 77, said he is fine and is being hospitalised as a precaution on the recommendation of doctors.

"I have tested positive for coronavirus. Whilst I am fine, I am being hospitalised as a precaution on the recommendation of doctors. I request those who have come in contact with me recently to be observant and exercise self-quarantine," Yediyurappa wrote.

Also Read: Karnataka CM BS Yediyurappa tests positive for covid-19, hospitalized

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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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