Roshan Baig gets conditional bail in multi-billion IMA scam case

News Network
December 5, 2020

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Bengaluru, Dec 5: Former Karnataka minister Roshan Baig has been granted conditional bail by a special CBI court in the multi-billion I-Monetary Advisory (IMA) Ponzi scam. He is the 36th accused in the case.

Baig was arrested by CBI on November 22 and a raid was conducted at his residences the next day. In the bail order, the judge ordered to surrender his passport and also directed to appear before CBI officials whenever required. Shashikiran Shetty who appeared for Roshan Baig argued that CBI had taken Roshan Baig into custody and have questioned. Also, Baig has co-operated with CBI officials for investigations.

The ex-minister is accused of taking a kickback of Rs 400 crore from IMA Group’s founder-director Mohammed Mansoor Khan. The scam is worth Rs 4,000 crore and over 50,000 investors have been cheated, according to CBI.

Baig’s name emerged when the scam surfaced nearly 18 months ago. Khan, who had fled the country and was arrested later on his return from Dubai in July 2019, has claimed he paid crores of rupees as bribes to state politicians and several other government officials.

In mid-2019, police found documents in which a key associate of Khan had recorded payments made to politicians, policemen and government officials. It showed Baig as a key recipient of funds.

Officials said Baig will be made to confront Khan and BDA official PD Kumar on Thursday. According to CBI sources, the digital hard drive seized from Khan has a list of people to whom he paid bribes and they are going through it. Khan had informed directors of IMA Group about the bribes paid through email, which has been accessed by CBI.

Besides state government employees and IPS officers, some central investigating agency officials are also on CBI’s radar, an official said.

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News Network
January 3,2025

Karnataka's Urban Development Minister, BS Suresha (Byrathi), has initiated a detailed investigation into ₹5,527 crore worth of projects executed under Prime Minister Narendra Modi’s flagship Smart Cities Mission in six cities of the state.

The minister expressed dissatisfaction with the quality of work in Belagavi, Davangere, Hubballi-Dharwad, Mangaluru, Shivamogga, and Tumakuru. To ensure accountability, Suresha announced the formation of a committee comprising experts from universities and the Indian Institute of Science. The committee will assess the projects and submit its findings within three months.

Bengaluru, however, is excluded from the probe as it falls under the jurisdiction of Deputy Chief Minister DK Shivakumar.

Launched in 2015, the Smart Cities Mission aims to enhance urban infrastructure across 100 cities in India, funded jointly by the central and state governments. Karnataka has spent ₹6,405 crore under this mission, including ₹877.72 crore in Bengaluru.

"Most of the funds have been allocated to roads, drainage, and park maintenance," Suresha lamented in a statement. "The focus should have been on creating permanent infrastructure such as smart schools, hospitals, libraries, and bus stands."

Suresha pointed out that, on average, each Smart City in Karnataka received ₹990 crore, with spending patterns revealing 36% on roads, 8% on energy, 2% on education, 2% on healthcare, and 5% on sports. He criticized this distribution, emphasizing that projects under the mission should have developed long-lasting government assets instead of temporary solutions like roads and drains.

With the mission slated to conclude in March 2025, Suresha urged the remaining funds to be directed towards constructing world-class smart schools. "This will enable children from economically weaker sections to access quality education," he said.

The minister also revealed that he had received multiple complaints from elected representatives about substandard work, particularly in Belagavi, Hubballi-Dharwad, and Shivamogga. The probe, he assured, will prioritize transparency and accountability.

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News Network
January 14,2025

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Incoming American President-elect Donald Trump says the raging wildfires in Los Angeles have caused more destruction than a nuclear impact, warning that the real number of fatalities in the affected areas is likely to far surpass the current death toll.

In an interview with American cable news Newsmax on Monday, he solemnly forecast a sharp rise in the death toll from the devastating Los Angeles wildfires as local authorities deploy cadaver-sniffing dogs to comb through the rubble.

“I believe it’s greater damage than if they got hit by a nuclear weapon. I’ve never seen anything like it. Vast miles and miles of houses just burned to a crisp. There’s nothing standing,” Trump told the outlet.

The colossal wildfires, which started last week, were fueled by hurricane-force winds carrying dry desert air. Since then, at least 24 people have lost their lives, according to the Los Angeles County Medical Examiner.

However, Trump emphasized that the two dozen confirmed deaths are likely to be overshadowed by the actual toll.

“They’re going to find many bodies, you know. Only the dogs will find them, right? You know, German Shepherds will. They can pick out the ashes immediately. It’s amazing. But we’re gonna find many bodies and many more, many more dead,” the incoming president added, as he was blown away by images of the sheer level of destruction caused by the devouring fires.

The wildfires have already burned over 40,000 acres and obliterated more than 12,000 structures, wiping out entire neighborhoods.

“We’re gonna do things with Los Angeles. You know, I’m already putting my developer cap on because it looks literally– I just saw some very guarded pictures of it. And it’s far worse than you even see on television, if that’s believable,” Trump further said.

As expected, the incoming president already blamed the Democrat leadership for the wildfires, particularly slamming California Governor Gavin Newsom for mismanagement of the “apocalyptic” wildfires.

“Governor Gavin Newscum refused to sign the water restoration declaration put before him that would have allowed millions of gallons of water, from excess rain and snow melt from the North, to flow daily into many parts of California, including the areas that are currently burning in a virtually apocalyptic way,” Trump said on January 8.

As of Monday, over 92,000 people in Los Angeles County were under evacuation orders, a decrease from the previous peak of more than 150,000, while an additional 89,000 were facing evacuation warnings.

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News Network
January 3,2025

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BJP MLA Vedavyas Kamath and several BJP leaders were arrested in Mangaluru during a protest organized by the Dakshina Kannada BJP Yuva Morcha near Mini Vidhana Soudha. 

The protest targeted the Congress-led Siddaramaiah government, accusing it of fostering an environment of harassment and distress, which the BJP claims has led to multiple suicides among contractors and government officials.

Key Points:

Addressing the gathering before his arrest, Kamath criticized the Congress government, alleging that neither contractors nor honest officials have found peace since it assumed power. He remarked, "Suicide seems to be the only 'guarantee' under this administration."

Kamath cited the suicide of contractor Sachin, allegedly driven to death by harassment from individuals linked to Minister Priyank Kharge.

Other cases highlighted included the suicides of Chandrashekar, superintendent of the Maharshi Valmiki Development Corporation, and Rudresh, who was allegedly harassed by an aide of Minister Lakshmi Hebbalkar.

Kamath also referred to a Dalit inspector, Parashuram, who reportedly succumbed to alleged torture connected to Congress MLA Channareddy Patil’s son.

He accused Chief Minister Siddaramaiah and Deputy Chief Minister D K Shivakumar of remaining silent due to political fears over their positions.

Prominent BJP leaders such as Ramesh Kandetthu, Premananda Shetty, Vikas Puttur, Nandan Mallya, Monappa Bhandary, Pooja Pai, Deputy Mayor Bhanumathi, and Sanjay Prabhu participated in the protest alongside party workers and municipal council members.

The protest escalated, resulting in the arrest of Kamath and other BJP leaders by the police, marking a dramatic standoff between BJP and Congress.

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