Siddaramaiah attacks PM Modi over Vijay Mallya and Nirav Modi

Agencies
May 7, 2018

Bengaluru, May 7: Karnataka Chief Minister Siddaramaiah on Monday attacked Prime Minister Narendra Modi saying that he let Vijay Mallya and Nirav Modi escape from the country.

"He (PM) calls himself a 'chowkidar'. He let Nirav Modi and Mallaya escape, what kind of 'chowkidar' is he? He keeps saying 'achhe din' but where are 'achhe din'? He thinks that just because he is saying it in Hindi we won't understand but we understand pretty well," he said.

On Sunday too, Siddaramaiah had lashed out at PM Modi for making "personal attacks" and speaking at a "low level".

The Prime Minister was using a language that did not befit the office he held, the Congress leader had said, taking exception to PM Modi calling his dispensation a "10 percent government" and "seedha rupaiahsarkar" while attacking him over alleged corruption.

"We expected a dignified language from him (PM Modi). But what he spoke was the BJP's language and not the one of a civilised person. He spoke at a very low level... This is not the language of the Prime Minister," he had told reporters, as per news agency.

Maintaining that he neither made personal comments nor used unparliamentary words, Siddaramiah said, "When he (PM Modi) spoke in an uncivilised manner, initially I thought I would not react. But I was forced to attack him because otherwise, the people would have perceived it as the truth."

Referring to PM Modi calling his dispensation a "10 percent government," Siddaramaiah had wanted to know if the Prime Minister had any evidence to back his charge.

Accusing PM Modi of not honouring any of his promises in the last four years, he had said, "He has totally failed. He is lying to hide his failure."

Polling in the southern state will be held on May 12 and counting of votes will be done on May 15.

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News Network
November 19,2024

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News Network
November 21,2024

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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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News Network
November 16,2024

Mangaluru: The Kavoor police in Mangaluru, Karnataka, have arrested three individuals from Kerala in connection with two separate cybercrime cases, including one involving extortion under the guise of a "digital arrest."

City Commissioner of Police Anupam Agrawal reported that one of the arrested individuals, Nisar, a resident of Ernakulam district, posed as a CBI officer. He allegedly threatened the complainant with arrest and extorted Rs 68 lakh. A case has been filed under sections 66 (C) and 66 (D) of the IT Act, and sections 308 (2) and 381 (4) of BNS.

In another case, the Kavoor police arrested two men, Sahil K P of Thiruvannur, Kozhikode, and Muhammad Nashath of Mappila Koyilandy, Kerala, in connection with a share trade fraud. The accused are alleged to have deceived the complainant by promising substantial profits from an investment in the stock market. Trusting the fraudsters, the complainant invested Rs 90 lakh, which was subsequently lost. A case has been registered under sections 66 (C) and 66 (D) of the IT Act, and sections 318 (4) and 3 (5) of BNS.

The accused were arrested in Koyilandi and presented before the court. The operation was carried out under the guidance of City Police Commissioner Anupam Agrawal, led by Mangaluru North Sub-Division ACP Srikanth K, Kavoor Inspector Raghavendra Byndoor, Kavoor PSI Mallikarjuna Biradara, and staff members Ramanna Shetty, Bhuvaneshwari, Rajappa Kashibai, Praveen N, and Malatesh. 

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