NRI businessman trapped in debt returns from UAE after 15 yrs as Yusuffali pays Dh 400,000

coastaldigest.com news network
October 19, 2019

Kasaragod, Oct 19: An NRI businessman, trapped in 28 legal cases in United Arab Emirates, coupled with several health issues, has finally returned to India after 15 years, thanks to financial and legal support by Indian businessman Yusuffali MA, chairman of Lulu Group.

Moosakutty Puzhakkara, a native of Pattambi, Kerala, had a travel ban which confined him and his family to a dingy one-room home in Ras Al Kahimah for more than a decade with almost 50 per cent paralysis.

Moosakutty was an office boy in Abu Dhabi who managed to save up enough money to launch a business, but the past decade had been tragic for him.

He incurred a Dh1.5 million debt; was jailed from 2012 to 2015; had not seen home for 15 years, and the right side of his body is paralysed. 

After month-long legal proceedings and interaction with all relevant government stakeholders, including His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, Yusuffali was able to finalise an early settlement of his debts and legal issues.

As per the court ruling, Yusuffali paid Dh400,000 as final settlement and facilitated the travel back home of Moosakutty and his wife on Friday.

"I was moved by Moosakutty's miserable health and living condition. The challenge was to get settlements in more than 28 court cases as soon as possible. All other relevant authorities helped speed up proceedings which resulted in the lifting of the travel ban and the return of Moosakutty to his home and family in India. I sincerely wish and pray that Moosakutty recovers fast and has a happy and prosperous life ahead with family and loved ones," said Yusuffali.

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News Network
May 27,2020

Bengaluru, May 27: Congress leader Siddaramaiah on Wednesday hit out at Chief Minister BS Yediyurappa-led Karnataka government for allegedly "betraying" the people by not fulfilling its Rs 1,610 crore COVID-19 package promise.

Taking a dig at Yediyurappa over the matter, the Congress leader tweeted, "Chief Minister of Karnataka BS Yediyurappa has betrayed people by not fulfilling his Rs 1,610 crore package promise. He seems to be following his @BJP4India leader @PMOIndia @narendramodi."

"Crisis and vulnerability should not be misused for political gains and BJP for India is insensitive towards the same," the former Karnataka Chief Minister said.

On May 6, Yediyurappa had urged migrant workers to stay back as construction activities have resumed and announced a Rs 1,610 crores COVID-19 financial package for the state.

"A package of Rs 1,610 crores will be released as COVID-19 financial relief. One time compensation of Rs 5,000 will be given to 2,30,000 barbers and 7,75,000 drivers," the Chief Minister said.

Referring to media reports, Siddarmiah cornered the state government for asking the licence to release funds for unorganised sector workers.

"How can we expect washermen and other unorganised sector workers to have licence for their work?" he asked.

It looks like Karnataka Chief Minister is very far from reality, he added.

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coastaldigest.com news network
May 27,2020

Mangaluru, May 27: Karnataka’s twin coastal districts of Dakshina Kannada and Udupi today reported 11 and 9 fresh covid-19 cases respectively.

In Dakshina Kannada the covid-19 patients include seven women and four men who had recently come from Maharashtra.

One of the patients is a 3-year-old child. Others are girls aged 11 and 17, women aged 36, 37, 45, 59 and men aged 22, 35, 39 and 46.

All of them have been shifted to covid-19 hospital from different institutional quarantine centres. 

In Udupi too all the nine people – six men, a boy, and two women -  had come from Maharashtra a few days ago.

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Agencies
February 13,2020

Bengaluru, Feb 13: UK's Chancellor of the Exchequer Sajid Javid quit the Boris Johnson government as part of a cabinet reshuffle unfolding on Thursday and has been replaced by Rishi Sunak, reports said.

Indian-descent Sunak, 39, who is married to Akshata, the daughter of Infosys co-founder N.R. Narayana Murthy, was Chief Secretary to the Treasury since July 2019.

An analyst with Goldman Sachs before joining politics in 2014, Sunak, whose grandparents were from Punjab and emigrated to the UK from east Africa, is MP from Richmond (Yorkshire). He was Parliamentary Under-Secretary of State for Local Government in the Theresa May government.

Pakistani-descent Javid, who became the first Asian to become a Cabinet Minister when he was made Secretary of State of culture, Media and Sports in the David Cameron government in 2014 after stints as Economic Secretary to the Treasury (2012-13) and Financial Secretary (2013-14), was earlier the Home Secretary in the the Theresa May government.

He had then cleared absconding businessman Vijay Mallya's extradition to India in February last year following the decision by the Westminister Magistrates Court in December 2018.

Javid, who ran for Conservative Party leadership after May quit but lost to Boris Johnson, was made Chancellor by the later. In the reshuffle on Thursday, he was offered to retain his post if he fired all his advisors but declined and quit, the BBC reported.

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