Mining baron Janardhana Reddy to rejoin BJP
Bengaluru, Mar 24: Mining baron and lone MLA of Karnataka Rajya Pragathi Paksha (KRPP) G Janardhana Reddy on Sunday said he would rejoin BJP on March 25.
The KRPP founder said he took the decision to make Narendra Modi the Prime Minister again for the third time.
"After consulting my supporters, I took the decision. Tomorrow at 10 am I am rejoining BJP," he told reporters here.
Reddy said he would support the BJP candidate from Ballari Lok Sabha constituency, B Sriramulu, whom he called a boy raised by him.
Sriramulu, a former minister, lost the assembly election from Ballari assembly segment in 2023.
Reddy was a minister in the BJP government headed by B S Yediyurappa and was jailed in the mining scam.
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He had distanced himself from the BJP and founded the KRPP.
In the 2023 assembly election, he was instrumental in the defeat of his two brothers, G Karunakara Reddy and G Somashekara Reddy, who were BJP candidates from Harapanahalli and Ballari City respectively.
Reddy fielded his wife Aruna Lakshmi against his brother and BJP candidate Somashekara Reddy in Ballari City and ensured his defeat. Congress candidate Nara Bharath Reddy won from there.
In the Rajya Sabha elections held on February 27, he supported Congress.
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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.
