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
February 10,2020

Bengaluru, Feb 10: Two Iranian nationals have been arrested by the Karnataka police for allegedly stealing money from car showrooms by diverting cashiers’ attention in Mangaluru, Udupi and Bengaluru.

The arrested are Saeed Rostami, 26 and his friend Saber Hossein Eghbalzadeh, 35, are both residents of Tehran and in India on tourist visa. They were caught by the sleuths of Bengaluru’s RMC Yard police station.

The accused would approach the cashiers, asking for change for Rs 2000 notes to divert their attention and flee with cash from the showroom. 

The duo landed in New Delhi on January 16. Later, they arrived in coastal Karnataka before reaching Bengaluru on February 1. 

The same day around 4pm, the two visited Trident Automobile Pvt Ltd’s service centre in RMC Yard. They went to cashier Kiran and sought change for Rs 2000. One of them dropped the note and Kiran picked it up for him. Meanwhile, Kiran also noticed there was no change in his cash box and informed the duo accordingly. 

“Kiran later realised Rs 44,000 was missing from the cash box. He verified CCTV footage and found the two visitors stole the money when he bent down to pick up the Rs 2000 note,” a police officer said.

Kiran filed a theft and cheating case against the men. RMC Yard police suggested Kiran circulate the footage at other car showrooms and service centres as they had heard about similar incidents being reported from Udupi, Mangaluru and other places in Bengaluru.

“Sharing of CCTV footage helped us nab the suspects. They visited a showroom near Cauvery junction on Ballari Road on February 6. The staff noticed the duo and realised they were the same guys, who had stolen the money at RMC Yard and informed us,” said police.

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KT
April 12,2020

Apr 12: The board and management of troubled NMC Healthcare should be held accountable for the financial irregularities, said Abdulaziz Al Ghurair, chairman of the UAE Banks Federation.

"Banks have dealt with the exposure professionally and they lent to a company which was listed on FTSE-100 index with world-class regulator and the world's largest audit firm doing their audit. Even if they present their balance sheet today, people will still lend to them. This is a world-class fraud and the management and board members should be held accountable. We should have a different track to handle this company. It is not a normal track that we can go," Al Ghurair said during a virtual press conference on Sunday.

It is estimated that the more than 80 local, regional and international banks have exposure to healthcare firm. The UAE bourses had asked all the listed companies in the UAE to announce their exposure. The UAE banks last week announced nearly Dh10 billion exposure to NMC Healthcare, which is owned by the billionaire BR Shetty.

Abu Dhabi Commercial Bank has the highest exposure to NMC at Dh3 billion. Dubai Islamic Bank and its subsidiary Noor Bank announced Dh2 billion exposure while Emirates NBD and its Shariah-compliant unit Emirates Islamic Bank revealed Dh747.34 million exposure. Ajman Bank has Dh151.8 million while Al Salam Bank pegged its exposure at Dh161.5 million. All these lenders revealed their exposure for the first time on Sunday.

Abu Dhabi Islamic Bank said it had extended Dh1.07 billion in financing to NMC Healthcare, and an additional Dh113.67 million exposure to Islamic bonds issued by NMC.National Bank of Fujairah pegged its exposure to NMC at Dh289.1 million, while Sharjah-based United Arab Bank said its exposure was Dh135.3 million.

NMC recently revised its debt position to $6.6 billion, well above earlier estimates.

London's High Court last week placed hospital operator NMC Health into administration, on the application of Abu Dhabi Commercial Bank.

"I know leading bank in UAE have already legal guardian of the company so now management cannot hide anything. The new team will manage and discover what happened," said Al Ghurair.

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News Network
June 21,2020

Kannur, Jun 21: Customs sleuths on Sunday seized 432 grams of gold worth around Rs 20 lakh from a passenger who arrived at Kannur International Airport from Dubai in Fly Dubai flight, scheduled under Vande Bharat Mission.

Customs Assistant Commissioner E Vikas-led team seized the smuggled gold from the passenger Usman of Malappuram district and detained him, sources said.

The seized gold was kept in his inner-wear.

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