IMA ponzi scam | Roshan Baig's properties will be attached: Govt tells HC

News Network
June 26, 2021

Bengaluru, June 26: The government of Karnataka has informed the High Court that it is in the process of identifying the properties of former minister Roshan Baig for attachment in connection with the I Monetary Advisory (IMA) scam case.

The government stated that prima facie it has found that Baig has played a key role in promotion of the IMA group, its business activities and has also obtained financial gains.

In the affidavit filed before a division bench headed by Chief Justice Abhay Shreeniwas Oka, Principal Secretary to Revenue department R Manjunath Prasad has stated that a notification to attach the movable and immovable properties of Baig will be issued under the Karnataka Protection of Interest of Investors in Financial Establishments (KPID) 2004. The affidavit stated that a communication had been sent to the competent authority under the KPID Act in the IMA case on May 4, 2021 and a reminder on June 14, 2021 for sending a report after identifying the assets.

“Further, the Commissioner of BBMP as well as Deputy Commissioner, Bengaluru Urban and Deputy Commissioner, Bengaluru Rural district have also been intimated to identify the properties belonging to ex-MLA R Roshan Baig and send the report back to government immediately,” the affidavit said.

It could be recalled that the court had directed the state government to reconsider its stand on attachment of properties of Roshan Baig. This direction was passed after the government maintained that its officers were not well acquainted in such matters, especially when assets concern people not linked to the administration of the company.

The court had directed the state government to act in accordance with section 3 of the Karnataka Protection of Interest of Depositors in Financial Establishments (KPID) Act for attachment of properties of directors and also assets procured out of the money of the depositors. The state government has now said that a notification for attachment of properties as per Section 3 of the KPID Act will be issued as soon as it gets details of the properties.

The bench posted the matter to July 7 for further consideration. The court said it will also take up the issue of Rs 12.82 crore donation made by IMA group to V K Obaidulah Government School in Shivajinagar. The court had directed the state government to take a decision on reimbursement of this amount to the competent authority. In response, the Department of Primary and Secondary Education has informed that the amount received as donation/gift cannot be paid back. 

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News Network
December 30,2024

Mandya: A 21-year-old man died after he allegedly blew himself up with a gelatin stick in front of the house of a girl he was in love with after her family rejected him, police said on Monday.

The incident occurred at Kalenahalli village of Mandya district on early Sunday morning, they said.

According to police, Ramachandra was in a relationship with a minor girl. Last year, he was booked under Protection of Children from Sexual Offences Act after he eloped with the girl. He was arrested in the case and spent three months in jail as an under-trial.

After getting released from jail, he entered into a compromise with the girl's family and the case was refuted in the court. But later, he started calling the girl and continued to maintain his relationship with her, police said.

Apparently, the girl's family was planning to get the girl married to someone else once she attained the legal age, a senior police officer said.

Ramachandra, a resident of a neighbouring village in Nagamangala taluk was allegedly upset with the girl's family for rejecting him. Suddenly on Sunday, he reached in front of the minor girl's house and detonated the gelatin stick he carried with him and the explosion claimed his life on the spot, the officer added.

Based on the complaint from the deceased person's family, calling it suspicious death, a case has been registered, police said. His family was in quarrying business and that's how he got access to gelatin stick, police said.

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News Network
January 1,2025

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The bustling coastal city of Mangaluru ushered in 2025 with a blend of joy, prayers, and festivities, leaving behind a memorable farewell to 2024. The celebrations were a harmonious mix of cultural, recreational, and spiritual activities, reflecting the city’s rich diversity and warmth.

From the early hours of the evening, families and friends thronged popular eateries, beaches, malls, and public spaces, immersing themselves in the festive atmosphere. Restaurants and pubs across the city hosted live performances and curated special events to amplify the New Year cheer. Music, dance, and spectacular fireworks lit up the night sky, creating an electrifying ambiance as Mangaluru welcomed 2025 with open arms.

Ensuring safety and order, Mangaluru city police intensified security measures throughout the city. With 103 picket points and 19 barricade locations in place, the police maintained strict vigilance, monitoring vehicle movements and preventing any untoward incidents. The celebrations were largely peaceful, thanks to the robust security arrangements.

Beaches like Tannirbhavi and Panambur were hotspots of activity, attracting large crowds eager to witness the last sunset of 2024. Beachside resorts reported full occupancy, with many organizing exclusive parties and recreational activities. Meanwhile, religious destinations in the Dakshina Kannada district saw a significant influx of devotees. Sri Kshetra Dharmasthala and other prominent temples, including Kukke Sri Subrahmanya and Kateel Sri Durgaparameshwari, witnessed a steady stream of visitors offering prayers and seeking blessings for the New Year.

At Kudroli Sri Gokarnanatha Temple, special rituals are scheduled to begin at 5:30 am on Wednesday, culminating in a grand rathotsava at 6:00 am, according to Padmaraj R. Poojary, treasurer of the temple management committee.

In a heartwarming gesture, several organizations and NGOs extended their celebrations to orphanages and old age homes, organizing events to spread joy among the less fortunate.

As the city steps into 2025, Mangaluru’s vibrant celebrations, coupled with its commitment to safety and inclusivity, set the tone for a promising year ahead.
 

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News Network
January 7,2025

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New Delhi, Jan 7: Fifty-three people were killed after an earthquake of magnitude 7.1 hit Tibet near the Nepalese border today, news agency AFP said quoting Chinese media Xinhua. The tremors of the earthquake were felt in several parts of India, including Bihar, Assam and West Bengal.

The epicentre of the earthquake was in Tingri county in Shigatse city. Tingri is about 400 km southwest of Tibet's capital Lhasa and is on the border with Nepal. It is a tourism hub for those visiting Mount Everest. 

According to the National Centre for Seismology (NCS), the earthquake was recorded at 6:35 am. NCS data reveals that two more earthquakes hit the region shortly after the first one. 

The second earthquake of magnitude 4.7 was recorded at 7:02 am at a depth of 10 km and the third earthquake of magnitude 4.9 at 7:07 am at a depth of 30 km. 

Nepal is nestled in a geologically active region, where the Indian and Eurasian tectonic plates collide, forming the Himalayas and making earthquakes a frequent occurrence. In 2015, nearly 9,000 people died and more than 22,000 were injured when a 7.8-magnitude quake struck Nepal, destroying more than half a million homes.

The tremors were particularly felt in Bihar where people were seen outside their houses and apartments. There have been no reports of any damage to property because of the earthquake.

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