Masood and Fazil murder: Massive protest in Mangaluru against govt’s communal discrimination

News Network

September 16, 2022

Mangaluru, Sept 16: A huge crowd gathered in front of Mini Vidhana Soudha in Mangaluru on Friday evening to protest the discriminatory policy exhibited by the Chief Minister Basavaraj Bommai-led Karnataka BJP government in handling three recent murder cases in the coastal district of Dakshina Kannada.

Mohammed Masood, Praveen Nettaru and Muhammad Fazil were hacked to death by miscreants in the district. While chief minister visited Nettaru’s family and handed over Rs 25 lakh compensation, he has refused to pay any compensations to the family of murdered Muslim youths. The government has also handed over Nettaru murder case to NIA and ignored two other murders.

Today’s protest is organised by Muslim Aikyata Vedike, Suratkal, in association with like-minded organisations and members of mohallas.

Vedike-president Mohammed Ashraf Badriya earlier flayed the attitude of the government and payment of compensation only to the family of Praveen Nettaru, who was hacked to death in Bellare. He urged the government to pay compensation of Rs 25 lakh each to the families of Masood and Mahammed Fazil, who too were murdered by the assailants.

Chief minister Basavaraj Bommai, home minister Araga Jnanendra had made false promises of visiting the house of Masood and Fazil. Neither the ministers nor the local MLA visited the house of the victims and consoled the family members, he said.

He said the police should book the assailants of Masood and Fazil under the Unlawful Activities (Prevention) Act just like the way the assailants of Nettaru were booked by the Dakshina Kannada district police. Both cases should be handed over to the NIA for investigation.

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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.

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