Voting For Bangladesh Elections Ends, 12 Killed In Violence

Agencies
December 30, 2018

Dhaka, Dec 30: At least 12 people were killed in election-day clashes in Bangladesh Sunday, after a bloody campaign overshadowed by a crackdown on the opposition by Prime Minister Sheikh Hasina, who is expected to win a historic but controversial fourth term.

Three men were shot by police while eight others died in clashes between activists from the ruling Awami League Party and opposition Bangladesh Nationalist Party (BNP), police said.

An auxiliary police member was killed after being attacked by opposition activists armed with guns and sticks, according to officials.

Voting, which ended at 4:00pm (1000 GMT), was held under tight security. Polls have predicted that Hasina will clinch a third-consecutive term and record fourth overall.

Bangladesh's leader has been lauded for boosting economic growth in the poor South Asian nation during an unbroken decade in power and for welcoming Rohingya refugees fleeing a military crackdown in neighbouring Myanmar.

But critics accuse her of authoritarianism and crippling the opposition -- including arch-rival Khaleda Zia who is serving 17 years in prison on graft charges -- to cling on to power.

The election campaign was marred by violence between supporters of Hasina's Awami League and Zia's BNP.

Some 600,000 security personnel were deployed across the South Asian country, including at 40,000 polling stations.

Authorities ordered mobile operators to shut down 3G and 4G services until midnight on Sunday "to prevent the spread of rumours" that could trigger unrest.

The election-day deaths brought to 16 the official police toll for election violence since the ballot was announced on November 8.

Police said they acted "in self-defence" in the southern town of Bashkhali, when they opened fire on opposition supporters who attempted to storm a polling booth, killing one.

In a separate incident another man was shot by police after he tried to steal a ballot box.

Free and fair?

Opinion polls show Hasina, who has presided over six percent GDP expansion every year since she won a landslide in 2008, heading for a comfortable victory that would extend her reign as the country's longest-serving leader.

She needs 151 seats in the first-past-the-post system to control the 300-seat parliament but experts say a victory would be sullied by accusations that she hamstrung her opponents' campaign and scared people into voting for her.

The opposition says more than 15,000 of its activists have been detained during the weeks-long campaign, crushing its ability to mobilise grassroots support.

"We are getting disturbing reports outside Dhaka that overnight votes have been cast illegally," said Kamal Hossain, the 82-year-old architect of Bangladesh's constitution who is helming the opposition coalition.

Presiding officers at polling stations across Dhaka reported a low turnout.

Human Rights Watch and other international groups have decried the crackdown, saying it has created a climate of fear which could prevent opposition supporters from casting ballots.

The United States has raised concerns about the credibility of the Muslim-majority country's election while the United Nations called for greater efforts to make the vote fair.

Seventeen opposition candidates have been arrested over what they claim are trumped-up charges while another 17 were disqualified from running by courts, which Hasina's opponents say are government controlled.

"This is not (a) free and fair election. It is more a controlled selection," said a Western diplomat who asked not to be named.

Student protests

The Bangladeshi leadership has alternated between Hasina and Zia, allies-turned-foes, over the last three decades.

Hasina rejects accusations of creeping authoritarianism but analysts say she mounted the clampdown over fears that young voters were set to hand a victory to the BNP.

Her government was criticised this year for its heavy handling of weeks of massive student protests over the abolition of job quotas and poor safety standards on Bangladesh's dangerous roads.

Hasina, the daughter of Bangladesh's first president Sheikh Mujibur Rahman, was gifted victory in the 2014 election when the BNP boycotted the vote claiming it wasn't free or fair.

Since then, rights groups have accused her administration of stifling freedom of speech through the toughening of a draconian anti-press law and the enforced disappearance of government dissenters.

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News Network
February 2,2020

Lucknow, Feb 2: In an early morning firing at Lucknow's Hazratganj, the city centre, Vishva Hindu Mahasabha state president Ranjit Bachchan was killed while he was out on a morning walk on Sunday.

Ranjit Bachchan was taking a stroll in Hazratganj in the morning when bike-borne assailants opened fire on him and killed him on the spot. The Mahasabha leader was shot in the head multiple times.

The incident took place near the CDRI building in Lucknow's Hazratganj.

In the firing, Ranjit Bachchan's brother also suffered bullet injuries. He has been rushed to the trauma centre. Ranjit Bachchan was a resident of Gorakhpur.

The early morning shootout in the Uttar Pradesh capital's central area has caused tension in the area.

Dinesh Singh, DCP Central Lucknow, said, "The body has been identified as of Ranjit Bachchan, who had gone out on morning walk when some unknown assailant shot him. A police team has been formed and further investigation is being carried out."

Before being associated with the Mahasabha, Ranjit Bachchan was a Samajwadi Party member and was often spotted with former UP chief minister Akhilesh Yadav.

The Samajwadi Party has hit out at the Yogi Adityanath government over the law and order situation in the state and demanded immediate resignation of the government.

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News Network
January 22,2020

New Delhi, Jan 22: Delhi Chief Minister Arvind Kejriwal has assets worth Rs 3.4 crore, an increase of Rs 1.3 crore from 2015, according to his election affidavit.

Kejriwal's total assets were worth Rs 2.1 crore in 2015.

The cash and fixed deposits of Kejriwal's wife Sunita Kejriwal increased from Rs 15 lakh in 2015 to Rs 57 lakh in 2020.

A party functionary said Rs 32 lakh worth cash and fixed deposits have been received by Sunita Kejriwal as voluntary retirement benefits while the rest are savings.

The cash and fixed deposits of the chief minister increased from Rs 2.26 lakh in 2015 to Rs 9.65 lakh in 2020.

There was no change in the value of immovable assets of his wife while Kejriwal's immovable assets' worth increased from Rs 92 lakh to Rs 177 lakh.

The party functionaries said increase in Kejriwal's immovable assets' worth is due to the increased valuation of the same asset as in 2015.

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News Network
March 16,2020

Mar 16: An investigation into Coffee Day Enterprises Ltd., initiated by its board after the death of founder V.G. Siddhartha, is likely to conclude that at least Rs 2,000 crore is missing from its accounts, according to people familiar with the matter.

The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest coffee chain and its dealings with dozens of private companies owned by the entrepreneur. The draft report, running more than a hundred pages, points to thousands of rupees that have gone missing, said the people, asking not to be named because the details aren’t public. It also details hundreds of transactions between the founder’s listed and personal businesses that were not conducted at arm’s length, they said.

Though the report is in its final stages, the precise details could change before its release, expected as early as this week, the people said. The missing funds could total more than Rs 2500 crore, one person said.

“The investigation report is still a work in progress, and not finalized,” a spokesman for the company said. “The board of directors and the company are unaware of its content at this point of time. Hence it would be premature to speculate on the investigation findings.”

The priority for management and Siddhartha’s family “is to keep the business running in a challenging environment and meet all stakeholder commitments, including 30,000 jobs associated with the group,” the spokesman added.

The disappearance of the 59-year-old founder last year stunned India’s business community. He had last been seen telling his driver he was going for an evening walk along a bridge in southern India; his body was found by local fishermen two days later. A letter delivered to Coffee Day’s board and employees, which appeared to be signed by Siddhartha, described massive debts and complained of pressure from lenders and tax authorities. It claimed he bore sole responsibility for the company’s financial transactions.

The probe began about a month later when the company brought in Ashok Kumar Malhotra, a retired senior official from India’s federal enforcement agency, to investigate. A senior lawyer practicing in India’s top court is assisting, the company said in a regulatory filing at the time.

The publicly traded Coffee Day was supposed to be India’s answer to Starbucks Corp. More than 1,500 of its Café Coffee Day outlets blanketed cities and highways, with affordable options for the country’s aspiring middle classes. The chain’s tagline: “A lot can happen over coffee.”

But the empire has been battered since the founder’s death. Its shares plummeted about 90% and its market value dropped to about $80 million. Trading was suspended in February.

India’s regulators are tracking the situation and may use the company’s final report as part of a deeper dive into its internal affairs, the people said. Coffee Day showed about Rs 2400 crore in cash and cash equivalents on its balance sheet as of March 2019, the most recent figures the company has issued.

After the death of Siddhartha however, the company faced a severe liquidity crunch and had “zero cash in the bank,” according to one of the people. It struggled with day-to-day expenses and paying salaries has been a strain, the person said.

The draft report details personal guarantees by Siddhartha for loans taken by Coffee Day, and his unsecured loans at high interest rates from local money lenders, the people said. It also probes Coffee Day’s defaults to coffee growers and other vendors, they said.

A related issue is that coffee estates owned by Siddhartha and several employees had been used as collateral for bank loans. The report found that valuations for properties were inflated to get the loans, one person said.

Investigators have examined several theories about what happened to the company’s money, including whether Coffee Day was manipulating its finances to show cash and profit and whether Siddhartha was taking cash out of the listed company to pay off a large investor to whom he had guaranteed a return, the person said. From the filings of his listed and private companies, the entrepreneur’s loans had totaled more than Rs 10,000 crore, and he had been squeezed by borrowing to repay interest on earlier loans, the person said.

In the letter purportedly from Siddhartha, the entrepreneur said he had tried his best but failed as an entrepreneur. “I am solely responsible for all mistakes,” the letter read. “Every financial transaction is my responsibility. My team, auditors and senior management are totally unaware of all my transactions. The law should hold me and only me accountable, as I have withheld this information from everybody including my family.”

As the report nears release, Coffee Day is finalizing a deal with Blackstone Group Inc. for real estate assets. A large tranche of the payment is due in about a week, one person said.

Coffee Day said it is working to reduce its debt load by divesting non-core enterprises.

“The aim is to save employment and preserve this iconic Indian brand,” the spokesman said.

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