Rs 1,400-cr Guru Raghavendra Bank fraud: 43 depositors die amid covid without getting money

News Network
June 5, 2021

Bengaluru, June 5: At least 43 of around 35,000 depositors that are struggling to get their hard-earned money back from the Sri Guru Raghavendra Sahakara Bank Niyamitha (SGRSBN) have passed away in last one and half years. 

In January 2020, the Reserve Bank of India, had invoked Section 35 A of the Banking Regulation Act, 1949 along with Section 56 of the Banking Regulation Act, after a scam worth Rs 1,400 crore had come to light. 

According to official sources, at least 43 depositors died since then without getting their money back. While some of them died due to covid-19, some others due to other reasons. 

The RBI had also imposed a withdrawal limit of Rs 35,000 citing the bank’s bad loans. The ceiling was raised to Rs 1 lakh later.

Satish Karanth, a mechanical engineer and resident of Kathriguppe, lost his 56-yearold wife Savithri Karanth in March due to breathing issues. “The bank assured good interest rates. We trusted the bank as it was run by our community people. We invested Rs 1 crore, including my mother’s Rs 20 lakh. Now, she despairs every day over the lost money and I don’t know how to console her,” he said.

Vijay Gururaj, a Nagarbhavi resident, said his mother Gayathri Gururaja had deposited Rs 6 lakh. “She was dependent on the interest money for her medical expenses. She was not happy to take money from us. After her deposit was stuck, she became depressed. On March 18, while heading to a hospital, she met with a road accident and died. She did not find peace in her death but was worried about losing money,” said Vijay, an accountant.

Online protest

Hit by Covid-19, the depositors have called for an online protest. It will be organised on Facebook Live — https:// www.facebook.com/SGRSBNDepositors/ — at 8pm on June 6.

Harish Venkataramaiah, a depositor leading the protest, said there has been no development in the last one-andhalf-year with regard to the money. 

“Initially, the heads promised to revive the bank but later an administrator was appointed by the Registrar of Cooperative Societies in Karnataka but that was also of no use. People who defaulted on their loans have been roaming free and the poor depositors are paying a heavy price for it,” he rued.

The bank’s case of irregularities was handed over to the Criminal Investigation Department (CID), which is yet to file a chargesheet. A police official said the CID had collected data of the victims but later Covid-19 situation slowed down the probe.

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News Network
January 15,2025

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Another Palestinian journalist has been killed in an Israeli attack in the Gaza Strip, taking the death toll to 205 since early October 2023 when the occupying Tel Aviv regime launched its all-out onslaught against the blockaded coastal sliver.

Local organizations identified the new victim as Ahlam al-Nafed, who recently reported from the besieged Indonesian Hospital in northern Gaza for Drop Site News and other media outlets.

She was killed on Tuesday as she was walking to al-Shifa Hospital – the largest medical complex and central hospital in the Gaza Strip, and located in the neighborhood of northern Rimal in Gaza City.

“For the past 100 days, Ahlam chronicled the genocide in northern Gaza, capturing evidence of Israeli war crimes from the besieged Indonesian Hospital.

“Through her words and images, she ensured that atrocities which might have been silenced were brought to light, allowing the world to witness the brutal reality unfolding there,” Drop Site News wrote in a statement published on its X account on Tuesday.

It underlined that Ahlam’s work documenting the attacks on the Indonesian Hospital was irreplaceable.

“She was one of the last remaining voices in northern Gaza — a voice the world desperately needed. Without her, the full extent of Israel’s actions might never have been known,” the statement also read.

For its part, the Indonesian Hospital said, “Ahlam courageously documented the genocide in north Gaza, residing in the medical facility during its siege, taking evidence of war crimes and bearing witness to tell the story with her pictures and her words, many of which we shared with you.”

Journalists working within the Palestinian territory face heightened risks while covering the genocidal war, particularly in light of Israeli ground assaults and airstrikes, as well as challenges such as disrupted communications, shortages of supplies, and power outages.

In the face of these difficulties, Palestinian journalists have continued to document the atrocities of the war, acting as the global community's eyes and ears throughout one of the most deadly wars of the 21st century.

Backed by the United States and its Western allies, Israel launched the war on Gaza on October 7, 2023, after the Palestinian resistance movement Hamas carried out Operation Al-Aqsa Flood against the Israeli regime in response to its decades-long campaign of oppression against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed at least 46,645 Palestinians, mostly women and children, and injured 110,012 others. Thousands more are also missing and presumed dead under rubble.

On November 21 last year, the International Criminal Court (ICC) issued arrest warrants for Israeli prime minister Benjamin Netanyahu and former minister of military affairs Yoav Gallant for war crimes and crimes against humanity in Gaza.

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Dr P A Hameed Padubidri
January 16,2025

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The depth of tie between India and Saudi Arabia dates back to the time immemorial. Both nations share a robust and long-standing partnership built on mutual respect, shared interests, and cultural ties. This partnership has been further strengthened by bilateral engagements aimed at fostering cooperation in diverse areas like Hajj pilgrimage management, trade, business, education, human resources, technology, interfaith dialogue etc. 

Given the circumstances, the Indian Union Minister for Parliamentary Affairs & Minority Affairs, Mr. Kiren Rijiju, embarked on a significant official visit to the Kingdom of Saudi Arabia to attend the Hajj and Umrah Conference and sign the bilateral Hajj agreement for 2025. During this visit, the minister achieved various remarkable milestones that cherished a lasting reminiscence in the minds of the authorities, citizens & Indian diaspora. 

Hon. Minister, Kiren Rijiju, arrived in Riyadh King Khalid Intl. Airport on Jan 11, 2025 afternoon and was warmly welcomed by the Indian Ambassador, Dr. Suhel Ajaz Khan and others with a floral boutique as a plaque of respect & dignity. He has been on 4-days official tour in the KSA that ended on Tuesday. The minister’s visit recapped and highlighted the deep-rooted friendship between India and Saudi Arabia. The visit commenced with a focus on enhancing Hajj arrangements and strengthening bilateral relations between the two nations. 

Engagement with the Indian Diaspora 

His overwhelmed zeal to engage with the Indian diaspora became evident as he attended the Indian Diaspora Interaction Program at once. The program was organized in the same evening by the Embassy of India at its auditorium in Riyadh. 

After receiving the grand felicitation from the Indian diaspora, he addressed the audience applauding their contribution to the growth & development of the Kingdom, and also emphasized the strong ties & strategic partnership between India and Saudi Arabia. 

He said-“Saudi Arabia is not merely a habitat to 2.6 million Indian diaspora, but also a key partner in augmenting global stability & prosperity”. 

“As a close ally of Saudi Arabia, it’s proud to say that India stood out as a center point of global power connected with almost every nation; unlike earlier, a sense of pride arose amongst the Indians as a positive paradigm is shown globally towards the Indians”, he added. 

The event featured cultural performances by community children and coincided with the celebrations of Pravasi Bharatiya Diwas and World Hindi Diwas. He praised the students stage performance & talents. He distributed prizes to the best achievers of various talent programs held in the international schools in Riyadh. 

Jeddah Visit & Participation at Hajj Conference & Exhibition 

Main Event: 

Mr. Rijiju participated in the opening ceremony of the fourth edition of Hajj Conference and Exhibition held on 13 Jan, 2025 in Jeddah. Prof. Abdulaziz Al-Wazzan, Deputy Minister for Umrah Affairs, along with other dignitaries received the minister and greeted with a warm reception upon his arrival in Jeddah 

Key Highlight: 

The exhibition focused on logistics, safety and enhancing the overall pilgrimage experience. The initiative was lauded for its comprehensive approach to enriching this sacred journey for millions of pilgrims worldwide. 

It’s a great privilege and honor that the Indian minister took part as one of the key stakeholders in the Conference-held under the patronage of the Custodian of the Two Holy Mosques, King Salman that took place in Jeddah from 13–16 January, 2025. The Ministry of Hajj and Umrah hosted the event emphasizing collaboration to enhance pilgrim services, improve more transparency and introduce innovative solutions. 

The event gathered prominent participants from 87 countries including India, comprising government ministers, diplomats, academics, scholars and others fostering a global dialogue on enhancing Hajj and Umrah services. It reflected the Kingdom’s commitment to modernizing Hajj operations while preserving its spiritual significance. 

Signing the Bilateral Hajj Agreement 2025 

Main Event: 

Mr. Rijiju met with Dr. Tawfiq Bin Fawzan Al-Rabiah, Minister for Hajj and Umrah of Saudi Arabia, to finalize and sign the Hajj Agreement for 2025. The event served as a remarkable platform to sign the bilateral Hajj agreements. Both leaders emphasized their commitments to improving the services and facilities provided to pilgrims, ensuring a smooth and fulfilling Hajj experience. 

Key Highlight: 

India’s Hajj quota for 2025 has been set at 175,025 pilgrims by Saudi Arabia, and the Indian Minister sought an additional allocation of 10,000 slots for this year’s pilgrimage. It’s likely to be a fabulous milestone in the bilateral dialogue held with the Saudi Arabian government. 

Meeting with Muslim World League Secretary-General 

Indian Minister, Kiren Rijiju engaged in meaningful discussions with H.E. Sheikh Dr. Mohammed Al-Issa, Secretary-General of the Muslim World League. The conversation highlighted Dr. Al-Issa’s impactful visit to India, during which he championed the cause of interfaith harmony and global peace. Dr. Al-Issa commended India’s vibrant cultural heritage and its steadfast commitment to fostering diversity and inclusivity. Both leaders reaffirmed their dedication to strengthening ties between nations and promoting understanding and mutual respect among faiths, emphasizing the importance of collaborative efforts to build a more peaceful and unified world. 

Visit to Jeddah Hajj Terminal 

Main Event: 

The visit to the Jeddah Hajj Terminal was conducted to assess the readiness and logistical arrangements for Hajj 2025. This included a review of facilities such as immigration processing, baggage handling systems, and transport coordination for Hajj pilgrims. 

Key Highlight: 

Minister Rijiju examined the logistical arrangements, emphasizing the importance of ensuring comfort and efficiency for the large number of Indian pilgrims expected to arrive in Saudi Arabia. The minister’s inspection also focused on ensuring smooth operations for the nearly 175,025 Indian pilgrims of this year’s Hajj. This visit is a part of broader efforts to streamline operations and address any challenges ahead of the pilgrimage season. 

A Visit to the Holy City of Madinah & meeting with the Governor of the Region 

Key Event: 

Mr. Rijiju traveled to Madinah Al-Munawwarah, one of the holiest places, to inspect the arrangements for Indian pilgrims for Hajj 2025. He also gave visits to Quba Masjid & Qiblatain Masjid in the city. 

Main Highlight: 

The Minister reiterated India’s dedication to ensuring a spiritually fulfilling and seamless pilgrimage experience & maximum comforts for all pilgrims. 

A high-level meeting was held by the minister with HRH. Saud bin Khalid Al Faisal, Deputy Governor of the Al Madinah Region. The discussions revolved around Hajj preparations and enhancing India-Saudi Arabia collaboration to provide a memorable and smooth experience for pilgrims. 

The Indian minister’s meeting with H.H. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services, was another milestone achieved during his visit. Both ministers explored ways to strengthen cooperation in the transport sector, ensuring safe and efficient movement for pilgrims during Hajj. 

Strengthening Parliamentary and Cultural Ties 

Another significant event that’s evident during his trip was his meeting with H.H. Maj. Gen. Abdulrahman Snitan A. Al-Harbi, Member of the Shura Council and Chairman of the Saudi-India Parliamentary Friendship Committee. Bilateral dialogue was held between the two prominent leaders that focused on enhancing bilateral ties through student exchange programs, cultural exchanges, and tourism. Minister Rijiju extended an invitation to Saudi students to study in India and encouraged Saudis to explore India’s cultural diversity. 

Visit to Diriyah – A UNESCO World Heritage Site 

The Union Minister Kiren Rijiju visited Diriyah-a historical place & UNESCO World Heritage Site-in Riyadh. Diriyah holds immense cultural importance as the birthplace of the Saudi state and the original home of the royal Al Saud family. The At-Turaif District within Diriyah, once the center of power for the Al Saud dynasty, showcases traditional Najdi architecture and is a key attraction. Mr. Rijiju expressed his gratitude for the warm hospitality extended by the Saudi hosts and appreciated the opportunity to witness this remarkable testament to the Kingdom’s heritage. 

In conclusion, the Indian Minister for Parliamentary & Minority Affairs, Kiren Rijiju’s visit to Saudi Arabia marked a significant step toward deepening the multifaceted relationship between the two nations. From finalizing the Hajj Agreement to exploring avenues for cultural, educational, and economic collaboration, the visit showcased the shared commitment of India and Saudi Arabia to fostering peace, mutual understanding, and progress. 

This visit will undoubtedly pave the way for stronger bilateral ties and a brighter future for both nations. If i say in the minister’s expression, this will certainly strengthen the people-to-people bond between our two great countries. 

This is a special report by Dr P A Hameed Padubidri, a lawyer, freelance writer, social worker, legal advisor based in Riyadh. He may be reached at [email protected] 

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News Network
January 14,2025

Udupi: Karnataka Kreedakoota-2025, a sports event organised by the Youth Empowerment and Sports Department, Karnataka Olympic Association, and the District Administration, will be held in Udupi and Dakshina Kannada districts from January 17 to January 23.

The event will feature 1,373 athletes participating in a variety of sports, including kayaking, canoeing, archery, cycling, wrestling, boxing, hockey, lawn tennis, table tennis, Kabaddi, Judo, and athletics.

Deputy Commissioner Vidya Kumari K addressed a press conference on Monday, providing details about the events in Udupi and Dakshina Kannada.

According to her, while volleyball, basketball, and swimming competitions will take place in Dakshina Kannada, events like kayaking and canoeing will be held in Brahmavara’s Swarna River, and archery will take place at the MJC Ground in Manipal.

Marena Sports Complex in Manipal will host lawn tennis and table tennis matches, she added.

The opening ceremony will take place on January 17 in Mangaluru and Chief Minister Siddaramaiah will be inaugurating the event.

The closing ceremony will be held in Udupi on January 23, with Governor Thaawarchand Gehlot and Home Minister G Parameshwar attending.

The district administration, in collaboration with Manipal Academy of Higher Education (MAHE), Manipal, has made provisions for accommodation and food for the participants, said the DC.

She also said the synthetic track at the Mahatma Gandhi District Stadium in Ajjarakad is undergoing repair work after its 10-year durability period ended in 2023, to provide athletes better infrastructure.

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