Gauri killing, Infosys turmoil mark 2017 in Karnataka

Agencies
December 25, 2017

Bengaluru, Dec 25: The killing of journalist- activist Gauri Lankesh and the boardroom battle at IT giant Infosys marked the high point of variegated developments from Karnataka during 2017, which also saw political parties sounding the bugle for the Assembly polls early next year.

Diary entries by a political aide of Chief Minister Siddaramaiah, indicating payments to Congress leadership; IT raids against Power Minister D K Shivakumar and factional feud within BJP against party chief B S Yeddyurappa made political waves in the state.

The Siddaramaiah government also stirred a hornet's nest as it initiated a move for a separate flag for the state and providing a legal standing for it, which came under severe criticism with some equating it to Jammu and Kashmir, which enjoys a special status under Article 370 of the Constitution.

The demand for a separate religion tag to Veerashaiva- Lingayat faith also surfaced from the numerically strong and politically-influential community.

The year also saw ousted AIADMK leader V K Sasikala's return to central prison here with the Supreme Court upholding her conviction in a disproportionate assets case. This came at a time when she was staking claim as successor to the legacy of Tamil Nadu's former chief minister J Jayalalithaa, who died last year.

Preferential treatment extended in jail to Sasikala made national headlines, after senior woman IPS officer D Roopa blew the lid over "corrupt practices".

The year also saw city-headquartered Isro that was on a success spree, taste failure after a long gap, with its trusteworkhorsese, PSLV failing to launch backup navigation satellite IRNSS-1H into the orbit due to technical fault.

The year began with public outrage over horrific incidents of mass molestation and groping of women in Bengaluru on New Year's Eve.

The year also saw a spurt in communal tension in coastal districts and incidents of political murders in different parts of the state, raising the political temperature with the BJP accusing the ruling Congress of being "soft" on "jihadi elements".

The audacious attack by unidentified motorcycle-borne assailants by pumping bullets into 55-year-old Lankesh, known for her left-leaning outlook and forthright views against Hindutva politics on September 5 created a national outrage and rekindled the debate on freedom of expression and free thinking.

Though there are allegations holding right-wing organisations and also Maoists responsible for her killing, police who have released sketches of the suspects are yet to nab the culprits.

Rationalist M M Kalburgi was killed in a similar fashion at his residence in Dharward, in August 2015.

Politically, the year witnessed all three parties-the Congress, the BJP and the JDS- kick-start preparations in the run-up to Assembly polls early next year, amid efforts to sort out differences among their respective top leadership.

While there is disgruntlement in the BJP between Yeddyurappa and other senior leaders, including K S Eshwarappa, over the former chief minister's style of functioning, post the intervention of party's national chief Amit Shah, all the leaders have embarked on a state wide 'parivartana yatra' to "expose the misdeeds" of the Siddaramaiah government.

The Congress, too, with an intention to retain power has planned yatras across the state amid reports about differences between Siddaramaiah and KPCC chief G Parameshwara.

According to insiders, the party's old guard, including Parameshwara, are disgruntled with high command's announcement that Siddaramaiah will be the party's face during polls.

The JDS, too, has its own set of internal issues, most importantly within the family of party supremo and former prime minister H D Deve Gowda over how many members from the family will contest the assembly polls.

There is a growing demand from within the family for tickets, despite Gowda maintaining only his two sons Kumaraswamy and Revanna will contest.

Among the other developments that made national headlines politically from the state include issue relates to a diary reportedly recovered by the Income Tax department from the residence of the chief minister's Parliamentary Secretary K Govindaraju.

The entries reportedly show a few acronyms similar to the names of some central Congress leaders, indicating payments.

In an action that became a hot political issue for the Congress to target the Modi government, the Income Tax department conducted raids on properties linked to Karnataka Energy Minister D K Shivakumar in connection with a tax evasion case.

Shivakumar at the time was hosting 44 Gujarat Congress MLAs at a resort on the city outskirts to thwart the "poaching" attempts by the BJP ahead of Rajya Sabha polls in that state.

Ahmed Patel, the political secretary to Congress chief Sonia Gandhi, was a contestant in the election to the Rajya Sabha from Gujarat, which he eventually won.

During the I-T raids at about 66 places across the country, the department officials claimed they had seized cash and jewellery worth over Rs 15 crore. The I-T department is yet to make an official statement regarding the outcome.

The other development that can be marked as important this year is separate religion status demand for Veerashaiva- Lingayat faith.

However, there is resentment within the community over projecting Lingayats and Veerashaivas as the same.

While one section under "Akhila Bharata Veerashaiva Mahasabha" has demanded a separate religion status, asserting that Veerashaiva and Lingayats are the same, the other wants it only for Lingayats as they believe that Veerashaiva is one among the seven sects of Shaivas, which is part of Hinduism.

The Veerashaiva-Lingayat community that pays allegiance to the 12th century "social reform movement" initiated by Basaveshwara has a substantial population in Karnataka, especially in the northern parts of the state.

The BJP and several sections of the Hindu community are opposed to the move to give Veerashaiva-Lingayat separate religion status and have accused the Siddaramaiah government of dividing the society to draw political mileage ahead of assembly elections due early next year.

On the business front, Vishal Sikka, the first non-founder CEO of Infosys, resigned amid heightened acrimony between the board and the high-profile founders led by N R Narayana Murthy, who had demanded a clean-up at the country's second-largest software services firm.

Over the next few days, the then chairman R Seshasayee and two others also relinquished their positions.

Murthy, along with some former Infosys executives, had claimed serious corporate governance lapses and questioned the high severance packages paid to former CFO and others.

Another major contention was the acquisition of the Israeli automation technology firm Panaya by Infosys. The founders citing whistleblower reports had raised concerns about the $200 million buyout.

Nandan Nilekani, one of the Infosys co-founders and Aadhaar architect, was brought in as non-executive chairman to restore order at the embattled company, and was tasked with finding Sikka's successor as the shareholder sentiment was hit by the developments at the firm.

Concluding the three-month high-profile executive search, Infosys earlier this month appointed Salil S Parekh who was a member of the group executive board at French firm Capgemini as its CEO and managing director.

In another development, as a major setback on August 31, India's mission to launch its backup navigation satellite IRNSS-1H on board PSLV-C39 ended in a failure after a technical fault on the final leg following a perfect launch.

City-headquartered Isro has said the heat shield did not separate on the final leg of the launch sequence and, as a result, IRNSS-1H got stuck in the fourth stage of the rocket.

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News Network
November 16,2024

Mangaluru: The Kavoor police in Mangaluru, Karnataka, have arrested three individuals from Kerala in connection with two separate cybercrime cases, including one involving extortion under the guise of a "digital arrest."

City Commissioner of Police Anupam Agrawal reported that one of the arrested individuals, Nisar, a resident of Ernakulam district, posed as a CBI officer. He allegedly threatened the complainant with arrest and extorted Rs 68 lakh. A case has been filed under sections 66 (C) and 66 (D) of the IT Act, and sections 308 (2) and 381 (4) of BNS.

In another case, the Kavoor police arrested two men, Sahil K P of Thiruvannur, Kozhikode, and Muhammad Nashath of Mappila Koyilandy, Kerala, in connection with a share trade fraud. The accused are alleged to have deceived the complainant by promising substantial profits from an investment in the stock market. Trusting the fraudsters, the complainant invested Rs 90 lakh, which was subsequently lost. A case has been registered under sections 66 (C) and 66 (D) of the IT Act, and sections 318 (4) and 3 (5) of BNS.

The accused were arrested in Koyilandi and presented before the court. The operation was carried out under the guidance of City Police Commissioner Anupam Agrawal, led by Mangaluru North Sub-Division ACP Srikanth K, Kavoor Inspector Raghavendra Byndoor, Kavoor PSI Mallikarjuna Biradara, and staff members Ramanna Shetty, Bhuvaneshwari, Rajappa Kashibai, Praveen N, and Malatesh. 

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News Network
November 25,2024

Udupi: Six junior artists from the prequel of Kannada blockbuster film ‘Kantara’ were injured, when the bus they were travelling in overturned in the district, police said on Monday.

According to police, the accident occurred near Jadkal on Sunday night when the mini-bus carrying the crew of the film overturned.

“The incident happened while they were returning to Kollur after completing the shoot at Mudoor in Jadkal. The mini-bus was carrying 20 junior artistes when it met with the accident,” a police officer said.

The injured were rushed to hospitals in Jadkal and Kundapur for treatment, they said.

The Kollur police are investigating the matter.

"The news making rounds is completely false. The Kantara: Chapter 1 team began shooting at 06:00 AM today, and everything is proceeding as normal. A minor accident occurred 20 kilometres away from the shooting location, involving a local bus carrying some members of the Kantara team. However, no injuries were reported," a source close to the production said.

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News Network
November 21,2024

adani.jpg

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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