Where Is PM Modi Getting Money To Poach Lawmakers, Asks HD Kumaraswamy

Where Is PM Modi Getting Money To Poach Lawmakers, Asks HD Kumaraswamy

HD Kumaraswamy said PM Modi’s party was trying to poach Congress legislators by using money.

KOLKATA: 

Questioning Narendra Modi over his claims of fighting corruption in the country, Karnataka Chief Minister HD Kumaraswamy alleged that on one hand, the prime minister was talking about fighting corruption and, on the other, his party was trying to poach Congress legislators by using money.

“What you have been watching for one week, (is) how the BJP is trying to destabilise the stable government in Karnataka. I want to put one question to the honourable prime minister: Recently, during his party meeting, he (Modi) said he wanted to remove corruption and clean the country. For this, he requested citizen of the country to support him.

“But what’s going on in Karnataka? Which money they (BJP) are offering to Congress MLAs to support them? From where the money is coming?” Mr Kumaraswamy asked.

When asked about four Congress MLAs missing from the Congress Legislative Party (CLP) meeting in Karnataka, Mr Kumaraswamy said, “Nothing will happen, they will also come and join us.”

Four dissidents skipped the CLP meeting in Bengaluru on Friday, which was called as a show of strength to counter an alleged bid by the Bharatiya Janata Party to topple the Congress-Janata Dal (Secular) coalition in Karnataka.

[“source=ndtv”]

Man Pretended To Be Mamata Banerjee’s Aide, Used Blue Beacon To Cheat

Man Pretended To Be Mamata Banerjee's Aide, Used Blue Beacon To Cheat

Kolkata: A person was arrested by the West Bengal Criminal Investigation Department (CID) for pretending to be the secretary of Chief Minister Mamata Banerjee and defrauding people by taking money from them, an official said on Tuesday.

The accused used to travel in a blue beacon-fitted vehicle and visit the Iskcon International headquarters at Nadia district’s Mayapur.

Based on a complaint lodged by Tarun Gourhari Das, a follower of Iskcon, in Nabadwip Police Station, the accused, Tapas Banerjee, was arrested, an official said.

“He used to visit Iskcon, Mayapur, frequently, first on March 15 in 2014 and then on February 12 the next year, introducing himself as secretary of Chief Minister and also claimed that he would be the District Magistrate of Nadia,” the official said.

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“For Opposition Leaders, Modi Is The Issue,” Says PM: Highlights

'For Opposition Leaders, Modi Is The Issue,' Says PM: HighlightsMinister Narendra Modi on New Year’s day spoke on several important people and political issues including Rafale deal, surgical strikes, demonetisation, triple talaq and Goods and Services Tax in an interview with news agency ANI.

He also spoke on BJP’s loss in assembly elections in five states in the recently concluded assembly elections. “In Telangana and Mizoram, nobody gave BJP any chance. In Chhattisgarh, a clear mandate was given, BJP lost. But in two states, there was a hung assembly. Secondly, we were fighting against 15 years of anti-incumbency.We are discussing what was lacking,” PM Modi said

Taking a jibe at the opposition, PM Modi said that 2019 elections will be “grand alliance versus the people”.  PM Modi also spoke on the Ram Temple issue ahead of the Supreme Court hearing on January 4. “Ordinance on Ram temple can be considered after legal process gets over,” he told ANI.

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Jet Airways Defaults On Debt Payment To Banks, Shares Plummet Nearly 6%

RA cut Jet’s long- and short-term ratings on Wednesday, citing the payment delays.

Jet Airways Defaults On Debt Payment To Banks, Shares Plummet Nearly 6%

Cash-strapped Jet Airways said late Tuesday it defaulted on debt payment to a consortium of banks, prompting ratings agency ICRA to downgrade the carrier and sending its shares sharply lower. The payment of interest and principal instalment was delayed “due to temporary cash flow mismatch”, Jet said in a statement, adding that it was in talks with the consortium led by State Bank of India. The deadline for payment was Monday, December 31.

ICRA cut Jet’s long- and short-term ratings on Wednesday, citing the payment delays.

Timely implementation of liquidity initiatives, including equity infusion and a stake sale in the airline’s loyalty programme Jet Privilege, will be critical to the company’s credit profile, ICRA said.

The 25-year-old airline is facing financial difficulties and owes money to pilots, lessors and vendors. Intense pricing competition, a weak rupee and rising fuel costs weighed on the country’s airlines in 2018.

Jet, the country’s biggest full-service carrier by market share, had a debt of Rs. 8,052 crore ($1.15 billion) as of September 30, 2018.

Jet and its second-largest shareholder, Etihad Airways, are in talks with bankers on a rescue deal that may involve the Abu Dhabi-based airline increasing its stake from 24 per cent at present.

The airline’s shares declined as much as 5.84 per cent in their sharpest intraday drop in over three weeks and were last down 5.27 per cent at Rs. 266.00, as of 2:33 pm on the NSE.

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Probe Agency Order In Tech Mahindra Money Laundering Case, Set Aside

Probe Agency Order In Tech Mahindra Money Laundering Case, Set Aside

The agency provisionally attached the amount alleging that it was ill-gotten proceeds of Satyam Computers

Hyderabad: The Hyderabad High Court today set aside an Enforcement Directorate order provisionally attaching Rs. 822 crore worth of fixed deposits belonging to Satyam Computer Services Ltd, which was acquired by Tech Mahindra.

In 2012, the Enforcement Directorate (ED) had issued provisional attachment orders freezing fixed deposits of Satyam (now merged into Tech Mahindra) in connection with its probe in the money laundering case.

The agency provisionally attached the amount alleging that it was ill-gotten proceeds of Satyam Computers.

A bench of Justices V Ramasubramanian and J Uma Devi today set aside the ED’s orders.

Vivek Reddy, counsel for Tech Mahindra, told PTI they argued that there was no money when the Tech Mahindra took over the fraud-hit Satyam Computer Services Ltd (SCCL) in 2009 and on the other hand, the Mahindra group company had to infuse money to revive the B Ramalinga Raju-founded company.

“Our argument was that there was no proceeds of money when Tech Mahindra (TechM) took over the company (SCSL). There was no money in the company then and they (TechM) had to infuse money into the company.

“So where is the question of any ill-gotten money when the company had negative balance?” he said.

P V P Suresh Kumar, representing the ED, said the agency might approach the Supreme Court challenging the high court’s order.

“One of the strongest grounds (for an appeal in the top court) was that the CBI special court had earlier convicted Ramalinga Raju and brothers.”

“In view of that conviction, it clearly shows that there was a contravention of the Money Laundering Act and IPC provisions. In such a situation, the attachment order passed by the Enforcement Directorate was valid and correct, according to the contravention,” Mr Kumar said.

“The ED will approach the Supreme Court after going through the order copy,” he said.

Earlier, a single bench judge had stayed all further proceedings pursuant to the ED’s attachment order.

Challenging the single judge order, the probe agency had filed a writ appeal before a division bench.

The bench had in 2014 issued orders dismissing the ED’s appeal, saying the act of the agency was contrary to rules.

Tech Mahindra argued that it was a victim of fraud and no proceedings could go under the provisions of the PMLA against “victims of fraud”.

The ED had attached the accounts of SCCL as its probe claimed to have found that B Ramalinga Raju and his associates “wrongfully” offloaded inflated shares of the company by way of sale or pledging of shares.

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Maoist Pamphlets Claim Money Deal With Bihar BJP Leader After Notes Ban

Maoist Pamphlets Claim Money Deal With Bihar BJP Leader After Notes Ban

Patna: A Maoist attack in Bihar’s Aurangabad which cost a life, was the fallout of a deal with a BJP lawmaker – one to exchange banned currency notes to the tune of RS 5 crore after demonetisation two years ago, the rebels have claimed. On Saturday, Maoists attacked the house Rajan Kumar Singh, shooting his uncle and setting a number of vehicles on fire.

The posters they left behind claimed the lawmaker and his cousin were to help exchange banned notes. Rajan Singh received old currency to the tune of Rs. 5 crore. Another 2 crore was left with his cousin.

But the leader did not hold up his end of the deal, the posters said. He had neither helped Maoists exchange notes, nor returned the money as promised.

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Pamphlets were left behind in Bihar’s Aurangabad after the Maoist attack.

Around 200 people attacked Mr Singh’s house, set the house and around 10 vehicles on fire on Saturday. His 55-year-old uncle, Narendra Singh, was shot dead.

The lawmaker has denied the Maoist allegations. He also held the police and the state government responsible for the attack.

“The Maoist attack in the village is the result of mistakes of both the administration and the state government,” he said.

“I had given an application to Chief Minister Nitish Kumar and the DGP for setting up a police station or at least a police outpost in the village, but no action has been taken. The administration and the state government are responsible for the incident,” Mr Singh said.
The police did not rule out the alleged link between the politician and Maoists.

The sudden ban on Rs. 500 and Rs. 1000 notes by the government in November 2016 was done with the dual purpose of flushing out black money and stopping terror funding. Critics claim the exercise has failed on both heads

[“source-ndtv”]