Hubballi, Jan 31: Former chief minister Jagadish Shettar said that the Congress-JDS coalition government would collapse due to the conflict between Chief Minister HD Kumaraswamy and former chief minister Siddaramaiah.

Speaking to reporters here on Thursday, Shettar said that when Siddaramaiah was the chief minister, many programmes were approved in a hurry and now, the coalition government was finding it difficult to provide funds to them.

The government was bankrupt financially and already, it has borrowed Rs 1,500 crore in the name of bonds. The total loan on the state has crossed more than Rs 3 lakh crore and if the same situation continued, the loan amount could reach more than Rs 5 lakh crore by the end of this government, he said.

As Tippu Sultan pledged his sons as he had failed to repay the loans, the state government could also pledge the state. The financial condition of the state has become so worse due to the conflict between Kumaraswamy and Siddaramaiah, he alleged.

“School students do not know who is the CM. Moreover, even the ministers and MLAs are also confused about the CM. So, Minister Puttaranga Shetty, MTB Nagaraj, MLA ST Somashekar and other leaders have been claiming that ‘Siddaramaiah is our CM’ which is a tragedy of the present government”, he ridiculed.

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Chamarajanagara (Karnataka) (PTI): Karnataka Chief Minister Siddaramaiah on Tuesday accused the central government and its agencies of consistently targeting Congress members by using searches on their properties, and questioned why similar action is not taken against BJP leaders.

He was reacting to searches conducted by the Enforcement Directorate on Monday on several individuals, among them the sons of Karnataka Congress MLA N A Haris and the grandson of former Union Cabinet minister K Rahman Khan, in connection with a cryptocurrency-linked money laundering case.

"The central government always targets Congress leaders. Will they raid the houses of BJP leaders?" Siddaramaiah said in response to a question. More than a dozen premises in the city were searched as part of the operation carried out by the ED under the provisions of the Prevention of Money Laundering Act (PMLA).

The premises searched comprised those of Mohammed Haris Nalapad and Omar Farook Nalapad, the sons of the MLA; Aqeeb Khan, the grandson of veteran Congress leader K Rahman Khan; and an alleged crypto hacker, Srikrishna Ramesh, alias Sriki, officials said.

The money laundering case stems from Karnataka Police FIRs and charge sheets filed in a 2017 case involving the hacking of national and international websites, theft of bitcoins, and the sale of these stolen virtual digital assets (VDAs) through crypto platforms by the alleged hacker Sriki and his associates.

Mohammed Haris Nalapad, Omar Farook Nalapad, and Aqeeb Khan are alleged to be beneficiaries of the proceeds of crime generated through this crypto-linked activity, officials added.