17 ministers bite the dust
Karnataka Assembly Election
Bengaluru, May 15: Though Chief Minister Siddaramaiah was denying the anti-incumbency factor influencing this election, 17 ministers of the Congress government bit the dust in the election held for Karnataka assembly.
Forest minister Ramanath Rai, Revenue Minister Kagodu Thimmappa, Mines and Geology Minister Vinay Kulkarni, Woman and Child Welfare Minister Umashri, Law Minister TB Jayachandra, Labour Minister Santosh Lad, Social Welfare Minister H Anjaneya, Youth Services and Sports Minister Pramod Madhwaraj, Transport Minister HM Revanna, Higher Education Minister Basavaraj Rayareddy, Horticulture Minister SS Mallikarjun, PWD Minister Dr HC Mahadevappa, Small Industries Minister Dr Geeta Mahadeva Prasad, Medical Education Minister Dr Sharana Prakash Patil, Muzarai Minister Rudrappa Lamani and Animal Husbandry Minister A Manju have seen a humiliating defeat in the election.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
New application filed in SC against Adani group over US indictment
New Delhi: A fresh application has been submitted to the Supreme Court of India, seeking the inclusion of key documents related to the recent US indictment of the Adani Group. Filed by advocate Vishal Tiwari, the petition aims to introduce two critical pieces of evidence into an ongoing case related to the Adani Group's financial practices.
The first document is a formal US court indictment accusing Gautam Adani, his relative Sagar Adani, and other company executives of orchestrating a massive bribery scheme to secure solar energy contracts worth billions of dollars in India. The indictment alleges that over $250 million in bribes were paid to Indian government officials to obtain these lucrative contracts.
The second document is a complaint from the US Securities and Exchange Commission (SEC), which accuses the Adani Group of securities fraud. The SEC alleges that Adani executives misled investors to raise funds for these solar projects, despite knowing that part of the capital was linked to corrupt activities.
This development follows the US Attorney's Office's recent charges against the Adani executives, who are accused of masterminding a bribery scheme to secure power supply contracts with state-run utilities in India. The contracts were expected to yield up to $2 billion in profits over two decades.
These charges come amid an ongoing investigation by India's Securities and Exchange Board (SEBI) into the Adani Group, after allegations of stock manipulation and market irregularities surfaced, particularly following the release of the Hindenburg Report in early 2023. The new US legal documents could play a crucial role in strengthening the investigation into the Adani Group's business operations.
