‘Political vendetta stronger than law': In custody with cops around, DKS tweets a message

News Network
September 5, 2019

New Delhi, Sept 5: Karnataka Congress leader DK Shivakumar, who is under Enforcement Directorate's custody, on Wednesday said that "political vendetta" has become stronger than the law in this country.

In a video posted from his Twitter handle, Shivakumar is seen sitting on a chair with policemen standing around him. "Political vendetta has become stronger than the law in this country," he is heard saying in the video.

Senior Congress leaders from Karnataka went to meet Shivakumar who had been admitted at RML hospital, but the police and the authorities were adamant to block their visit, Congress general secretary in-charge organisation K C Venugopal said.

"They are not even ready to disclose his health condition. This is condemnable," said Venugopal, who was among the leaders who went to meet Shivakumar.

Earlier, Congress spokesperson Manish Tewari alleged that there was a "complete breakdown of governance" in the Modi government's second term while claiming that there was an economic slowdown, an "undeclared emergency" in Kashmir and a tense situation in Assam, where over 19 lakh people have been rendered "stateless" following the publication of the updated final NRC.

At a press conference, he alleged that in order to cover up this "complete breakdown of governance", continued "persecution" of opposition leaders was being carried out and the arrest of Shivakumar was the latest in a series of "political vendetta".

"DK Shivakumar's only crime was that he provided protection to those Congress MLAs of Gujarat who were being poached by the NDA-BJP during the Rajya Sabha elections," Tewari said.

The Enforcement Directorate arrested Shivakumar in the national capital on Tuesday in connection with a money-laundering case after grilling the Congress' Karnataka troubleshooter repeatedly over the past few days.

"Has there been any conviction of any opposition leaders in the last five years? For the last five years, this politics of persecution has been carried on relentlessly against opposition leaders of every shade and hue," he said.

Tewari said the reason that there has not been a single conviction by any court of law is that there is a difference between persecution and prosecution. "Persecution only requires misuse and abuse of state instruments. When the lawyers of the government plead for custodial interrogation in the courts of law, it is an euphemism for physical, mental and emotional torture of their political opponents," he said.

"What you have been witnessing in the last five years is not unbiased, neutral prosecution but subjective, arbitrary and whimsical persecution being carried out by investigating agencies at the behest of their political masters," Tewari told reporters.

The Indian National Congress is not going to be cowed down and it is not going to be intimidated. As the premier political party of the country, it will continue to ask the "hard questions", the party spokesperson said.

"We will continue to demand answers, we will continue to agitate and we will continue to keep democracy alive in this country. We will not allow democracy to be stifled through intimidation being perpetrated by the NDA-BJP government," he said.

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News Network
May 30,2020

Bengaluru, May 30: Health Minister B Sriramulu banned the consumption of chewing tobacco in public places on Saturday, which is marked as World Tobacco Day. The ban would include chewing paan masala and spitting in public places.

In June 2013, the state banned the manufacture, storage, sale, or distribution of gutka and paan masala containing tobacco or nicotine as ingredients to reduce the prevalence of tobacco use. On October 26, 2016, the state proscribed all kinds of chewing tobacco, containing tobacco or nicotine or both in accordance with the Supreme Court order.

Karnataka is the second state in India to ban e-cigarettes. The state also prohibited single cigarettes. Until September 2019, the state counselled 15,698 patients in tobacco cessation centres set up in private dental colleges.

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News Network
February 17,2020

Abu Dhabi, Feb 17: NMC Health Plc, a hospital operator targeted by short-seller Muddy Waters, said founder Bavaguthu Raghuram Shetty resigned amid investor concern he faced a margin call and misrepresented his stake.

The board asked for Co-Chairman Shetty’s resignation and it takes effect immediately, according to a person with knowledge of the situation. NMC has lost four board members since Friday, including Vice Chairman Khaleefa Butti, whose holdings are also being probed. The stock, the worst performer on the FTSE-100 Index this year, fell as much as 9.2 percent Monday morning and then rebounded.

“The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi, an analyst at Rasmala Investment Bank in Dubai. “The credibility of the current board has been jeopardized with the unfolding of the recent events.”

NMC shares lost almost half their value the first week of February on speculation the company’s main investors faced a margin call, in which banks seize shares pledged as collateral. NMC said Friday that First Abu Dhabi Bank and Al Salam Bank Bahrain obtained 20 million shares in the company from BRS International Holding, an investment vehicle of NMC’s top shareholders. The banks sold more than 8 million of those shares as “enforcement of security,” NMC said.

NMC operates the largest medical network in the United Arab Emirates and in 2012 became the first Abu Dhabi company to list in London. The shares started teetering in mid-December when Muddy Waters alleged that NMC manipulated its balance sheet and inflated the prices of companies it acquired.

Shetty, 77, was born in India and founded NMC in the 1970s after moving to Abu Dhabi. His spokesman said a legal review of the situation is ongoing and declined further comment.

Chief Investment Officer Hani Buttikhi and board member Abdulrahman Basaddiq also stepped down because they were appointees of Shetty and Butti, NMC said, adding that they had no knowledge of the share transfers.

Questions remain over the role of Shetty’s family at the company. His wife and son-in-law both hold roles in senior management.

Almost 10 per cent of NMC’s freely traded shares are shorted, according to Markit Securities data. In mid-December about a third of them were.

Last week GKSD Investment, an investment company backed by hospital investors, said it’s studying a possible offer for NMC. Under U.K. takeover rules, it has until March 9 to make a bid.

NMC has said Muddy Waters’s claims are false and the company hired former FBI Director Louis Freeh to conduct an independent review. The review is due to be completed before the company issues its financial results in March, the person said.

NMC said Mark Tompkins will continue as the company’s sole chairman.

Comments

sunita kejriwal
 - 
Monday, 17 Feb 2020

BRS could not fool all the people all the time!

 

Bhakth
 - 
Monday, 17 Feb 2020

Illegal way of earning will not last for long. 

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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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