DK Shivakumar files Rs 204 crore defamation case against BJP MLA Yatnal

Agencies
August 4, 2019

Bengaluru, Aug 4: Irked by "false and baseless allegations" by former Union Minister and BJP leader Basanagouda Patil Yatnal, Congress leader DK Shivakumar has filed a defamation suit of Rs. 204 crore.

Shivakumar has already paid a court fee of Rs 1,04,08,000.

Following the defamation suit filed by Shivakumar at his home town Kanakapura, the Judge at Senior Civil Judge and JMFC court admitted the case and issued summon to Yatnal.

The case will be taken up for hearing on September 18.

Yatnal, while speaking to media persons at Vijayapura, issued a "damaging, image tarnishing and baseless statements against Shivakumar on June 23, he has been exerting pressure on national level BJP leaders and union BJP ministers to ensure that he is free from cases that are being probed by the Income Tax (IT) department and Enforcement Directorate (ED)," the defamation petition filed by Shivakumar stated.

The petition further mentioned that Vijayapura said Shivakumar has "promised to remain neutral and not becoming a stumbling block in the formation of BJP government in Karnataka."

"These statements have been beamed in electronic and print media too. These are baseless, false, irresponsible and irrelevant statements made by Yatnal. These remarks are passed with malafide intention to malign and to tarnish my public image. This has put a huge question mark on my loyalty, sincerity, integrity and image at party and public level," the petitioner stated.

The Congress leader claimed, "The false and baseless statements mislead the investigating agencies and mislead the probe. Further, it is damaging to an extent that I am looked at with suspicion by Kanakapura Assembly constituency voters, Congress leaders, workers, and citizens of India in general and Karnataka in particular. It gives an impression that I am sacrificing the trust of people, leaders and voters for my personal and political gains. I have played a pivotal role in bringing Congress - JD(S) government to power."

"With these baseless statements, I am branded as a person instrumental in destabilising and dethroning the coalition government. This has caused major damage to my reputation, image and my loyalty towards the party," Shivakumar stated in the petition.

The petition also said these "irresponsible statements that I (Shivakumar) support to destabilise the coalition government are aimed at with devious intention to impede my political prosperity and growth and to put my image at stake in the eyes of leaders of Congress at the state level and Central level apart from coalition leaders."

Shivakumar went on to mention in the petition that during his stint as Water Resources Minister, he undertook several official visits to Delhi.

"These visits and meetings between June 12 and 19 were scheduled with a host of Union ministers to discuss conservation of water and drinking water projects. Water sharing issues and project implementation relating to Mahadayi, Mekedatu were discussed at length. It was my primary concern and duty too as a water resources minister to resolve the issues in the larger interest of public. My official visits with large public interest have been misinterpreted by Yatnal to put me in bad light in the eyes of leaders, public, voters and central leadership. This has caused mental agony and distressed me," he stated.

In the light of "damage and distress" caused, Shivakumar said he approached the court, claiming damage of Rs 204 crore from Yatnal for his "irresponsible statements." Further, he sought permanent restrain from Yatnal about the "slanderous and maligning statement."

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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
January 18,2020

Bengaluru, Jan 18: Union Home Minister Amit Shah on Saturday called Prime Minister Narendra Modi as the "flag-bearer" of the Indian culture and tradition.

In his speech at an event organised by Vedanta Bharati here, Shah said, "Prime Minister Narendra Modi is touring across the globe as the flag bearer of the Indian culture and tradition." To buttress his point, the BJP National President said Modi took a holy dip in Ganga and attended Ganga Arati in Varanasi before taking oath as the Prime Minister.

It was for the first time that Modi sent red sander to Pashupatinath Temple in Nepal to perform special prayers on behalf of the government of India.

Shah also slammed the previous governments for their wrong interpretation of secularism, preventing them from honouring the best things of the country. "But after a long interval we have a Prime Minister who sends across the message that we have a lot to give to the world," Shah said.

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News Network
February 8,2020

Mangaluru, Feb 8: Professional services company Cognizant on Friday opened a new facility in Mangaluru, expanding its presence in Karnataka. Located in the heart of the city, the new 100,000 sq- ft facility can accommodate more than 1,100 employees, the NASDAQ-listed company said in a statement.

Cognizant has had an association with Mangaluru since 2011 when it acquired CoreLogic Global Services Private Limited (CoreLogic India), the India-based captive operations of CoreLogic, one of the largest real estate information and analytics provider in the US market.

From its existing centre in Mangaluru, Cognizant provides consulting, enterprise applications and business process services in the area of mortgage processing covering property taxes, research and investigations, property data warehousing and management of geospatial data.

The company currently employs more than 600 professionals in Mangaluru, more than 50 per cent of whom are women.

In addition to experienced professionals, Cognizant also hires fresh graduates for its Mangaluru centre from leading institutions such as Sahyadari Institute of Technology and Management, Manipal Institute of Technology, N.M.A.M. Institute of Technology, St Joseph's College of Engineering, Canara Engineering College, N.I.T.K. Surathkal, PA College of Engineering and Srinivas College of Engineering, as mortgage origination and servicing specialists, business analysts, consultants, automation specialists and software engineers.

In Karnataka, Cognizant also has operations in Bengaluru and Mysuru. The company has more than 28,000 professionals in Bengaluru and nearly 700 professionals in Mysuru.

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