Former Karnataka IAS officer Sasikanth Senthil set to join Congress

News Network

November 8, 2020

Chennai, Nov 8: Former Karnataka-cadre IAS officer S Sasikanth Senthil, who resigned from civil services last year will join the Congress in Tamil Nadu on Monday, according to media reports.

“Yes. I have decided to take the political plunge. I will be joining the Congress,” Senthil, a 2009 batch officer, was quoted as saying by news papers.

The 41-year-old former bureaucrat will join the Tamil Nadu Congress Committee (TNCC) on Monday, sources said.

They said AICC in-charge for Tamil Nadu and Karnataka Congress leader Dinesh Gundu Rao was instrumental in bringing Senthil to the party fold.

He will release a formal statement as to why he chose Congress for his political plunge. Senthil's induction into the Congress in Tamil Nadu comes seven months before the state goes into its most-crucial elections in recent years.

The development comes months after Senthil's junior colleague and former IPS officer Annamalai took the political plunge in Tamil Nadu by joining the BJP. He is currently the vice-president of the state unit of BJP.

After resigning from civil services, Senthil has criticised the BJP-led Centre on a slew of issues. He tore into the Narendra Modi government on the Citizenship (Amendment) Act and campaigned against it in several parts of the country.

Originally from Tamil Nadu, Senthil joined the IAS and served as Karnataka-cadre officer. He was the Deputy Commissioner of Dakshina Kannada district when he resigned.

In his resignation letter, he said "it is unethical for me to continue as a civil servant in the government when the fundamental building blocks of our diverse democracy are being compromised in an unprecedented manner."

"I feel strongly that the coming days will present extremely difficult challenges to the basic fabric of the nation and that I would be better off outside the IAS to continue with my work at making life better for all," he had added.

Comments

Very good decision. Keep going sir

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Adani Group in Crisis: $30 Billion Wiped Out after US Bribery and Fraud Charges Emerge

News Network

November 21,2024

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.

Comments