Tainted official's land in mother-in-law's name

January 4, 2017

Bengaluru, Jan 4: More assets linked to the suspended chief project officer of the State Highway Development Project, S C Jayachandra, have been unearthed. Documents accessed by DH show that the officer has acquired assets in his mother-in-law's name. One of the major assets is a 15-acre, 10-gunta plot of land at Antarasanthe near Kabini in Mysuru district and four sites in Harohalli near Yelahanka in the city.

JayachandraThis apart, Jayachandra's wife Bharathi Jayachandra was inducted as one of the additional directors in Jivin Green Realty Pvt Ltd in 2014-15. Bharathi Jayachandra, along with one Pokar Ram and D M Chandresh, was appointed as additional directors at the board meeting held on September 17, 2015. During the financial year-end, March 31, 2016, the promoters and directors of this company Rama Sudarshan and Sudarshana Kavi Shivaraman, resigned. The profit and loss account for the year ending March 31, 2015, reveals the net loss for the year under review as Rs 10.25 lakh as against the profit of Rs 4.65 lakh in the previous year.

Two long-term loans, Rs 7.56 crore for 2014-15 and Rs 2.55 crore for 2013-14, have been mentioned in the balance sheet. They are mentioned as loan from directors. However, there are no details about the names of the directors and against what security the loans were given by the directors. The consolidated amount, around Rs 9.84 crore, has been used to purchase land. Sources said the probe is on to trace the source of the money which has been diverted to the company in the name of loans.

Sources said there are several assets in the name of Jayachandra's mother-in-law. The officials are, however, still verifying the source of income with which the officer's mother-in-law purchased lands in Antarasanthe near Kabini in H D Kote in Mysuru district. More than 15 acres of land was purchased in 2012 and the property also borders the land acquired for the Kabini reservoir rehabilitation package.

A source said that the officer was planning to construct a resort on the land. This apart, she bought four different sites ranging from 9 guntas to 11 guntas, in 2007. However, sources said that of these sites, the officer's mother-in-law sold two sites within a year.

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ABDUL JALEEL
 - 
Wednesday, 4 Jan 2017

Lucky mother in law and shameless son in law...

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News Network
May 9,2020

Chikkamagaluru, May 9: Karnataka Minister for Tourism C T Ravi on Friday said that Indians who are stranded abroad are being repatriated into the country on the pre-condition of quarantine.

“The Centre is repatriating Indians who are stranded in around 37 countries, amid the lock-down, of which people from Saudi Arabia and Dubai will be brought via ship for free. These people will have to undergo the mandatory quarantine period once they land in the country,” Ravi told media here.

The government has accorded priority to the elderly and pregnant women during the repatriation process. The state government has held due discussions with the Centre in this regard, he added.

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Coastaldigest.com news network
April 19,2020

Mangaluru, May 19: Team Be Human, a city based group of philanthropists, has taken commendable initiative to satiate the hunger of the civic workers of Mangaluru City Corporation that are endangering their lives to keep the city clean amidst covid-19 lockdown. 

On Friday, April 18, gorcesary kits were distributed among around 180 civic workers at Eidgah Maidan in Light House Hill in the presence of Corporator Abdul Raoof Bajal, Mansoor Ahmed Azad, Aina group Ashraf, Ceco Asif, Advocate Abdul Shukoor, U B Saleem, Sahil Zaheer, Rash Beary, Munna Kammaradi and Abdul Muttalib.

The Team swung into action on hearing the civic workers' plight due to the delay in payment of their wages by the Antony Waste Management firm. The Team was helped by the alumni of the St Aloysius College, Mangaluru (batch 1989). 

This is not the first time the Team Be Human distributing kits among the needy. Amidst lockdown it has already distributed around 1200 grocery kits among the poor people including the daily wage workers, migrant labourers in Dakshina Kannada district with help of Ahnaf Deals, Altaf, Shameem, Basha, Pradeep, Vincent,  Shiyaz Deals, Nawaz and Haneef. 

In its next step the Team Be Human is planning to distribute the kits among civic workers in Urva and Suratkal region, said Asif Deals, founder president of Team Be Human. He called upon the youth and students to come forward to help the needy and poor people who are deprived of basic facilities.

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Media Release
March 8,2020

Mangaluru, Mar 8: The Saraswat Co-operative Bank Ltd., celebrated International Women’s Day with a special seminar on Financial Planning for the banks’ women customers. The programme was held on Friday, March 6, 2020 from 4.00 to 6.00 p.m. at Hotel Ocean Pearl Inn, Bejai, Mangalore. Dr. Sukanya Rao, academician and financial planner, was the chief guest and resource person for the seminar. Mr. Srinivas C., Karnataka State Head, Future Generali India Insurance Company Ltd., was the guest of honour.  Mrs. Vimala Anchan, Senior Manager and Branch Head of M. G. Road Branch of Saraswat Bank presided over the function.

In her chief guest’s address, Dr. Sukanya Rao defined empowerment of women as the ability of take one’s own decisions and utilize resources. Quoting global rankings, she said India enjoys a high ranking of being 9th in the world in political empowerment of women, whereas in other sectors we stand abysmally low. In social empowerment of women, India ranks at 120th, in economic empowerment at 124th and health and survival at 135th.

She suggested that the best tool for enhancing these empowerment rankings is education, which will lead to earning potential and result in enhancing social status. “Every year spent in school boosts girl’s wages by 10-20%,” she said “When a girl receives 7+ years of education, marriage gets postponed by four years and she has 2.2 less children.” She advised women to learn to take one’s own decisions. “Learn to take decisions, especially financial decisions, on your own instead of depending on significant others to do the decision making,” she said.

She followed up her talk with an interactive session on personal financial planning. She enlightened the audience on factors influencing our financial decision making and gave different perspectives on prioritizing savings, spending and investment. 

Srinivas C., Karnataka State Head, Future Generali India Insurance Company Ltd., along with Deepak enlightened the women regarding financial safeguards available under Married Women's Property Act (1874).

Established in 1918, Saraswat Bank was the first co-operative bank to provide merchant banking services after it was recognized as a scheduled bank by RBI in 1988. The bank enjoys high proportion of women employees (nearly 75%) and it is a recipient of Best Cooperative Bank Award in 2016.

Fun games were conducted and prizes were distributed to the winners. Bhavanthi Street Branch Head Karthik Shetty welcomed the gathering. Prithvi Pai and Aishwarya rendered the invocation. Naina Shenoy expressed the bank’s Women’s Day greetings. Chilimbi Branch Head Kishore Shetty gave a vote of thanks. Mahesh Nayak compered the programme. Past Branch Head Mamtha Rao was present.

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