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Vested interests preventing tabling of report on Wakf property: MLC

[email protected] (DHNS)
February 26, 2016

Mysuru, Feb 26: MLC Go Madhusudan has urged Chief Minister Siddaramaiah to table the report of the Karnataka State Minorities Commission on Wakf properties, headed by Anwar Manipadi, in the coming legislature session so as to protect properties that rightfully belong to the minorities. The report was submitted on March 26, 2012.madhusudhan

Addressing mediapersons here on Thursday, the MLC said, politicians from the minority community, belonging to all parties, had usurped around 57,000 acres of Wakf land in the State and politicians from other communities too like Congress leader in Lok Sabha Mallikarjuna Kharge and former chief minister Dharam Singh own a few of these properties.

“The government value of the said 57,000 acres of land is estimated at Rs 2.5 lakh crore and its market value would be around Rs 15 lakh crore. If the money, looted by the so called leaders of the minority community, is distributed among the minority people (considering their population in the State to be around one crore), each person will get Rs 15 lakh,” he said.

Noting that the Wakf properties had become like ATMs (anytime money) for minority community leaders, Madhusudan said that the vested interests in the minority community were not allowing the tabling of the report.

“The High Court had directed the State government to table the report, based on the petition filed by former minister S K Kantha. During the last session, in November last, as the government did not abide by the ruling of the Speaker to table the report on the basis of the privilege motion moved by legislators A H Shivayogi Swamy, Ganesh Karnik and K Monappa Bhandary, I had staged a dharna in the Council. The vested interests are trying to prevent the report from being tabled for the fear of being exposed,” Madhusudan said.

The MLC, whose term ends on July 4, has written to the chief minister in this regard, recalling that he had written a similar letter on October 27, 2015.

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Mani
 - 
Saturday, 27 Feb 2016

GO Madhusoodan GO......West is fuelling RSS to Divide and destroy INDIA

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News Network
March 27,2020

Mangaluru, Mar 27: In the wake of coronavirus, the Council of Mangalore City Corporation (MCC) has taken steps to prevent the spread of Covid-19 in the city as a task force has been formed to monitor home delivery of essentials and the situation prevailing in the city due to outbreak of the virus.

MCC commissioner Shanady Ajith Kumar Hegde held a meeting of wholesalers to plan the smooth supply of essentials to the people on Thursday.

Speaking on the occasion, he said, the wholesalers of the city have been directed to supply essential goods to apartments in the city. Each apartment should prepare purchase details and must hand it over to the wholesalers. This way residents will not have to go out to buy essentials. The purchasing time will be between 6 am to 12 pm.

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coastaldigest.com news network
July 5,2020

Mangaluru, July 5: Two children died after getting trapped under the debris of a landslide which occurred at Banglagudde in Kaikamba on the outskirts of Mangaluru today.

The deceased are identified as Safwan (16) and Sahala (10).

The rescue teams including personnel from NDRF, fire service and police brought out the body after four hours of rescue operation.

According to sources, landslides occurred at 12:30 pm and of the five members, three ran out of the house. The two kids got trapped in the debris.

The heavy rain in the last two days has softened the soil of the hillock. An Auto-rickshaw, lorry and a bike too have buried under the soil.

It was said that caving in of the hillock continued even when the rescue operation was in progress, thus making the rescue operation difficult.

District-in-Charge Minister Kota Srinivas Poojary who visited the spot said two houses have been completely damaged and inmates of 14 houses that are facing the problem in the vicinity will be shifted to safer locations.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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