Black money stashed in Mauritius too'

[email protected] (CD Network)
November 2, 2011

Mangalore, November 2: Indian politicians and business tycoons have stashed countless money in various foreign banks other than those in Switzerland, said B Madhava, Dakshina Kannada district secretary of Communist Party of India (Marxist).

Addressing a protest demonstration in front of the office of deputy commissioner here on Wednesday, Mr Madhava said that most of the people of this country are unaware of the fact that a huge amount of Indian money has been languishing in banks in countries like Mauritius.

The protest was organised as part of the leftist party's nationwide campaign against price rise, corruption and increase in the Foreign Direct Investment in the retail trade.

Mr Madhava said that Indian business tycoons and politicians are now taking advantage of treaty between India and Mauritius to avoid double taxation. “No tax is being imposed on money kept in Banks of Mauritius”, he said.

He also said the UPA led union government's decision to increase the FDI in the retail trade to 51 per cent would have adverse impact on the small time traders involved in retail trade.

Sunil Kumar Bajal, Mangalore City CPI (M) Secretary and others were present.

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News Network
October 28,2024

Bengaluru: The Enforcement Directorate on Monday undertook fresh searches in connection with the Mysuru Urban Development Authority (MUDA) linked money laundering case in which it has booked Karnataka Chief Minister Siddaramaiah, official sources said.

About seven-eight premises in Bengaluru and Mysuru are being covered, the sources said.

The federal agency had conducted the first round of raids in this case on October 18 when it searched the MUDA office in Mysuru and some other locations.

It also questioned some lower-rank officials of the MUDA at its Bengaluru zonal office last week.

The ED has filed a enforcement case information report (ECIR) under the Prevention of Money Laundering Act (PMLA) to book the CM and others taking cognisance of a Lokayukta FIR.

Siddaramaiah is facing Lokayukta and ED probes into alleged irregularities in the allotment of 14 sites to his wife by the MUDA.

Siddaramaiah's wife Parvathi B M, brother-in-law Mallikarjuna Swamy, Devaraju -- from whom Mallikarjuna Swamy purchased land and gifted it to Parvathi -- and others are named as other accused in the case by the two probe agencies.

Parvathi was recently questioned by the Lokayukta.

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News Network
October 25,2024

udupimurder.jpg
The accused wife and the victim husband

 

Udupi, Oct 25: A seemingly natural death has unraveled into a heart-wrenching case of betrayal and murder in Udupi’s Marne village. 

Balakrishna (44), who had been battling fever and severe illness for nearly a month, succumbed to his condition on October 20, despite extensive treatment at multiple hospitals. 

Diagnosed with jaundice, he was under care at KMC Hospital in Manipal, Wenlock Hospital in Mangaluru, NIMHANS Hospital in Bengaluru, and Victoria Hospital. But his symptoms persisted, and he was brought home on October 19, only to pass away at 3:30 am the next morning.

A complaint filed by his grieving brother, Ramakrishna (42), has now transformed Balakrishna's case into an alleged murder investigation. According to Ramakrishna, his brother’s wife, Pratima, had been in a relationship with Dileep from Hirgan. Allegedly, frustrated by Balakrishna's interference in her relationship, Pratima conspired with Dileep to eliminate him.

The complaint suggests that Pratima and Dileep plotted to gradually poison Balakrishna, lacing his meals with a toxic substance that steadily worsened his health. 

In the early hours of October 20, Dileep allegedly visited the home, where he and Pratima are accused of suffocating Balakrishna with a bedsheet, ending his life in a final act of betrayal. 

The Ajekar police have now registered a murder case, transforming Balakrishna's tragic death into a haunting investigation. They also have managed to arrest the victim’s wife and her boyfriend. 

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News Network
October 17,2024

Bengaluru, Oct 17: Karnataka chief minister Siddaramaiah on Thursday announced that all government residential schools in the state will be renamed as Maharishi Valmiki Residential Schools.

He further said that the Raichur University will be renamed as Maharishi Valmiki University, news agency ANI reported.

He made the announcement on the occasion of Valmiki Jayanti, which is celebrated to honor Maharishi Valmiki, the revered author of the Ramayana.

Earlier today, the Karnataka CM paid rich tributes to Valmiki in a series of posts on X.

"Let the life and achievements of Dalit genius, Adi Kavi Valmiki, who wrote the epic Ramayana and showed that talent is not a gift of birth, but an achievement, be an inspiration to all of us," he said.

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