JD(U) hints at action against Sharad Yadav if he attends Lalu's rally

Agencies
August 19, 2017

Patna, Aug 19: The Janata Dal-United led by Bihar chief minister Nitish Kumar on Saturday virtually put rebel leader Sharad Yadav on notice, hinting at action against him if he attends RJD chief Lalu Prasad's rally on August 27.

JD(U) general secretary KC Tyagi told reporters that the party has not acted against Yadav for his "anti-party activities" because of his seniority and long association with the party.

"If he attends RJD chief Lalu Prasad's rally here on August 27, he will cross the Lakshman Rekha," he said, and hinted at action against him.

Tyagi said that Yadav has left the party "on his own" and is "no longer with us, emotionally or physically".

Speaking to reporters after the party's national executive meeting at the chief minister's official residence in Patna, he accused Yadav of indulging in anti-party activities by holding separate meetings with his own supporters and RJD members.

He claimed Yadav has "always taken a stand against Nitish - whether it is on demonetisation, surgical strikes and women's reservation. He always took a different stand and went to the extremes".

Tyagi justified the party's decision to remove Yadav as leader in the Rajya Sabha.

Tyagi maintained there was no split as the entire JD(U) was with party president and Bihar chief minister Nitish Kumar.

"There is no division or split in the JD(U)."

Tyagi said heads of 16 state committees were with Nitish Kumar, contrary to claims made by the rival group.

He said in Bihar all 71 party MLAs, 30 MLCs and two Lok Sabha MPs and most of the Rajya Sabha MPs were with Nitish Kumar-led JD(U), except Sharad Yadav and Ali Anwar.

Tyagi also formally announced the party's decision to join the BJP-led National Democratic Alliance (NDA).

"A resolution to join the NDA was unanimously approved in the meeting," a senior party leader said. "From today, we have become part of the NDA."

The JD(U) now has two factions: one led by Nitish Kumar and the other by senior party leader and former party president Sharad Yadav, who also held a meeting with party leaders and workers here on Saturday.

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News Network
November 19,2024

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News Network
November 21,2024

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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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News Network
November 11,2024

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Udupi, Nov 11: The Karkala town police in Udupi have arrested Krishna Naik, the sculptor responsible for installing a 33-foot Parashurama statue at Umikkal Hill in Bailur, Karkala taluk. 

Naik, the owner of Krish Art World and a resident of Bengaluru's Visvesvaraya Layout, was apprehended in Mahe, part of the Union Territory of Puducherry, for allegedly substituting a look-alike statue in place of a genuine bronze figure at the Parashurama Theme Park in Karkala.

Udupi Superintendent of Police Dr. Arun K confirmed the arrest, stating that Naik faces charges under Sections 420 (cheating) and 409 (criminal breach of trust) of the Indian Penal Code. 

This legal action followed a complaint lodged in June by Krishna Shetty, a resident of Nallur village, Karkala. Shetty claimed that Naik had received a payment of ₹1,25,50,000 from Udupi Nirmithi Kendra for the installation of a bronze Parashurama statue. However, Naik allegedly deceived the government by installing a replica instead.

The statue was unveiled on January 27, 2023, by then Chief Minister Basavaraj Bommai. Current Chief Minister Siddaramaiah has since ordered a CID investigation to probe deeper into the alleged fraud surrounding the statue's installation at the theme park.

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