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 17,2025

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Bengaluru: External Affairs Minister S Jaishankar asserted on Friday that the opening of "long-in-waiting" US consulate in Bengaluru was the "very important milestone" in the bilateral ties and urged the American authorities to ensure that the mission starts visa operations at the earliest.

"This will be my number one talking point with Secretary (of State Nominee Marco) Rubio when I go and see him. The sooner we get it done, the better it is," said Jaishankar.

The External Minister was in Bengaluru today to attend the "site dedication ceremony" of the fifth United States consulate in India, which will start operating in Bengaluru soon.

Delivering his speech, Eric Garcetti, US Ambassador to India, said the consulate in Bengaluru will not be offering visa services for the time being.

In his speech, Jaishankar pointed to statistics to nudge the US to get around to issuing visas from Bengaluru as early as possible.

"I was checking figures, and was very glad to see that last year, the RPO (Regional Passport Office) Bengaluru issued 8,83,000 passports. That's just for one year. Do the math, and you will see how important it is to ensure that travel is smooth," added Jaishankar.

He also added that there are three flights every week from here to San Francisco. "Hopefully, if Boeing and Airbus deliver, there'd be more. I think that's a legitimate expectation," said Jaishankar.

Jaishankar said a US consulate in Bengaluru has been "long-in-waiting".

"One, which I believe, Bengaluru legitimately deserved and expected," he added.

"I think Bengaluru has such an important place that it was for me an imperative that there is a permanent resident presence of American diplomats here," said Jaishankar.

He also said every time he had visited the city in the last five years, there was always somebody who would ask him, 'so, when is that consulate coming?'.

"It was from, really, I would say, the cross section of the society. It was from businessmen; it was from the tech world; it was from academics. It was even from people you would meet in a restaurant," added Jaishankar.

According to him, Prime Minister Narendra Modi in June 2023 had brought up the issue of opening a consulate in Bengaluru when he visited the US.

He also said India had promised to open a consulate in Los Angeles if the United States "get the Bengaluru consulate done". He said now, with the opening of the consulate, collaborations in defence and education would reach new heights.

"I think the formal opening of this consulate is one more sign that we are overcoming the hesitations of history. It is now within our grasp, within the realm of possibility, that we realise more fully the potential of India-US relations. And I think it is important that Bengaluru too realises its potential in the relationship," said Jaishankar.

In his address, US Ambassador Garcetti, who would be relinquishing his responsibility in India soon, said he was glad that getting a consulate up and running in Bengaluru would be his last task in India.

"You know, our relationship in India is not new. Our second consulate in the world was here in India. After the independence of a new America in 1776, we opened a consulate in Lyon, France, and then the second was in Kolkata, showing, back then, the importance of India to a new American nation," said Garcetti.

India, said Garcetti, is now the second largest mission of America anywhere in the world.

"It produces the second most visas, the most students we're breaking records every single year '“record employees, record visas, record students, record military exercises, record engagement from the seabed to space," added Garcetti.

Deputy Chief Minister D K Shivakumar, who was also present during the "site dedication ceremony" said the opening of the consulate in Bengaluru is a testament to the growing importance of Karnataka in the global stage.

"Nowadays, the world is looking at India through Bengaluru. We know there are a lot of hiccups there, as Bengaluru is not a well-planned city. But still the city has proved itself to be the safest city in the entire country for the global firms to have their headquarters," said Shivakumar.

Other dignitaries present for the ceremony include MP Tejasvi Surya, Karnataka's Minister for Large & Medium Industries and Infrastructure Development M B Patil, Minister for IT & BT Priyank Kharge.

Several entrepreneurs from the city, including Kiran Mazumdar-Shaw, executive chairperson and founder of Biocon Limited and Biocon Biologics Limited, had also attended the 'site dedication ceremony'.

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News Network
January 17,2025

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Mangaluru: In a brazen daylight robbery, a group of five to six armed individuals stormed into the Kotekar Vyavasaya Sahakara Seva Sangha branch at KC Road, Ullal taluk, and escaped with valuables estimated at ₹10-12 crore.

The incident occurred between 11:30 am and 12:30 pm, according to Police Commissioner Anupam Agrawal. The masked robbers, aged between 25-35, were armed with a pistol, talwar, and knife. They threatened the four to five employees present, forcing them to open the vault containing jewellery and other valuables.

The suspects spoke in Hindi and Kannada and fled the scene in a black Fiat car. Commissioner Agrawal confirmed that multiple police teams have been formed, and efforts are underway to track the culprits using technical surveillance and other leads.

CM Siddaramaiah Holds Emergency Meeting

Chief Minister Siddaramaiah convened a high-level meeting with senior police officials, including IGP Amit Singh, Commissioner Anupam Agrawal, SP Yathish N, and DySP, following the robbery.

Expressing dissatisfaction over security lapses, Siddaramaiah questioned, "How did this happen despite officials being present? Why were toll gates not secured?"

Officials reported that the bank had no security personnel and only five to six staff members on duty during the heist. The Chief Minister has directed authorities to enhance security across four districts, intensify checks at toll gates, and arrest the accused swiftly to ensure stringent legal action.

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News Network
January 9,2025

Mangaluru: Establishing a Beary Development Corporation is a valid demand, but its implications must be carefully studied, remarked Speaker UT Khader. He proposed forming an expert committee to evaluate the corporation’s potential impact on the Beary community during a district-level conference of the Beary-speaking community, organized by the Akhila Bharata Beary Mahasabha at Kudmul Ranga Rao Town Hall on Wednesday.

Khader expressed concerns over inefficiencies in existing government-established corporations, such as unfilled leadership positions, lack of appointed members, and insufficient funding. “The Beary Development Corporation must avoid similar pitfalls,” he emphasized. He noted that the Minorities Development Corporation already provides various schemes for Beary Muslims, urging a detailed assessment to ensure the new corporation’s funding does not fall short of current provisions, which could disadvantage the community.

Praising the industrious and self-respecting nature of the Beary community, Khader highlighted the respect Beary elders once commanded in villages. He encouraged the youth to uphold this legacy and actively contribute to the community’s progress. Additionally, he commended the Beary youth for their swift and dedicated responses during emergencies, which have garnered widespread recognition.

Khader underscored the importance of unity, cautioning against fostering divisions within the community. He also stressed the critical role of education in development, urging the maintenance of detailed records for SSLC and PUC students to track progress.

The event was presided over by Azeez Baikampadi, president of the Akhila Bharata Beary Mahasabha. Among the dignitaries present were former MLA Mohiudeen Bava and retired police officer GA Bawa. Dr. UT Ifikhar Ali Farid, honorary president of the Akhila Bharata Beary Mahasabha and chairman of the Karnataka State Allied and Healthcare Council, was felicitated during the program.

In notable initiatives, Kanachuru Monu, chairman of Kanachuru Medical College, unveiled the Mahasabha’s new website, while Sheikhabba Karnire of Expertise Company, Jubail, launched an IAS-IPS program aimed at empowering the Beary community.

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