Oppn trying to tarnish my image with false charges regarding MUDA scam: CM Siddaramaiah
Mysuru (PTI): Accusing the opposition BJP and JD(S) of trying to tarnish his image by levelling false allegations in connection with the Mysuru Urban Development Authority (MUDA) site allotment 'scam', Karnataka Chief Minister Siddaramaiah on Saturday said he will not be cowed down by such things.
Asserting that he will fight against the charges both politically and legally, the CM also said he will expose opposition leaders H D Kumaraswamy, B S Yediyurappa, B Y Vijayendra and Leader of Opposition in Assembly R Ashoka among others, and the scams in which they are allegedly involved, and take action against them based on inquiry reports.
"We (Congress) organised the Janandolana conventions against their (opposition) padayatre. We have told the people that they are lying, they are doing the padayatre (foot march) with false allegations. They are trying to create a black mark on Siddaramaiah's image. They are trying to dislodge this government that has come to power with the blessings of the people," Siddaramaiah said.
Addressing reporters here, he said the opposition is under the illusion that they can suppress Siddaramaiah politically by trying to tarnish his reputation.
"There are lots of scams during their (opposition) period, we will expose them. We have mentioned a few of them, some are still under investigation, once the reports are out we will take action against those responsible. Whether it is Kumaraswamy or Yediyurappa or Vijayendra or Ashoka. We will take action against everyone," he added.
The week-long Bengaluru-Mysuru padayatre (foot march) by opposition BJP and JD(S) seeking to highlight the alleged fraudulent allotment of sites to land losers by MUDA, including to Siddaramaiah's wife Parvathi, will conclude in Mysuru today with a mega rally.
Both parties have been demanding Siddarmaiah's resignation in connection with the scam.
The ruling Congress on Friday had hosted a mega “Janandolana” convention in Mysuru, in support of Siddaramaiah and to counter the opposition’s allegations and their foot march.
Mysuru is also Siddaramaiah's home district.
Asked about opposition leaders' claim that they will continue their fight until the CM resigns, Siddaramaiah said, "Will I fear such things, will I bow down to such things? If they indulge in false propaganda. People will suppress their agitations that are with false allegations, on getting to know the truth."
"We have decided to fight these false allegations both politically and legally," he added.
In the MUDA 'scam', it is alleged that compensatory sites were allotted to Siddaramaiah's wife Parvathi in an upmarket area in Mysuru, which had higher property value as compared to the location of her land which had been "acquired" by the MUDA.
The MUDA had allotted plots to Parvathi under a 50:50 ratio scheme in lieu of 3.16 acres of her land, where MUDA developed a residential layout.
Under the controversial scheme, MUDA allotted 50 per cent of developed land to the land losers in lieu of undeveloped land acquired from them for forming residential layouts.
Opposition and some activists have also claimed that the Parvathi had no legal title over 3.16 acres of land.
The Congress government on July 14 constituted a single member inquiry commission under former High Court Judge Justice P N Desai to probe the MUDA 'scam'.
Based on a petition filed by advocate-activist T J Abraham, Karnataka Governor Thaawarchand Gehlot had issued "showcause notice" on July 26 directing the Chief Minister to submit his reply to the allegations against him within seven days as to why permission for prosecution should not be granted against him.
The Karnataka government on August 1 "strongly advised" the Governor to withdraw his "show-cause notice" to the Chief Minister, and alleged "gross misuse of the Constitutional Office '' of the Governor.
Following this the Governor is said to be weighing options vis-a-vis the petition seeking sanction for Chief Minister’s prosecution.
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Rupee falls 17 paise to 92.71 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 17 paise to 92.71 against US dollar in early trade on Thursday as the fragile ceasefire and Iran's threat to step out of the talks if Israel kept bombing Lebanon kept investors wary.
Forex traders said markets are in a wait-and-watch mode rather than strong directional positioning as the situation in West Asia remains fragile.
Geo-Political uncertainty was still high amid Iran’s threat to step out of the talks if Israel kept bombing Lebanon, keeping investors wary of the opening of the Strait of Hormuz.
At the interbank foreign exchange market, the rupee opened at 92.63 against the US dollar, then gained ground to touch 92.71 against the US dollar in initial trade, registering a gain of 17 paise over its previous close.
On Wednesday, the rupee had settled at 92.54 against the American currency.
Iran closed the Strait of Hormuz again in response to Israeli attacks in Lebanon. The White House demanded that the channel be reopened and sought to keep peace talks on track.
"The fragile ceasefire could be jeopardized by the renewed Middle East tensions as Israel struck Lebanon and Iran warned of moving out of the ceasefire if strikes against Lebanon continued," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
This caused the dollar index to rise to 99.10, with the Euro and GBP both falling against the dollar. Asian currencies also fell from their Wednesday highs.
The RBI left Interest rates unchanged on Wednesday but flagged risks to the Indian economy from disruptions caused by the Iran war, Bhansali noted.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.10 per cent at 99.03
Brent crude, the global oil benchmark, was trading higher by 1.93 per cent at USD 96.52 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex dropped 243.57 points to 77,319.33 in opening trade, while the Nifty declined 88.3 points to 23,909.05.
Foreign Institutional Investors offloaded equities worth Rs 2,811.97 crore on Wednesday, according to exchange data.
Meanwhile, India's Foreign Secretary Vikram Misri met senior US officials here and discussed ways to further deepen the defence and trade relations and exchanged views on the developments in the Indo-Pacific and West Asia.
On a three-day visit here, Misri met under secretaries Michael Duffey and Elbridge Colby in the Department of Defence, and under secretaries Jeffrey Kessler and William Kimmitt in the Department of Commerce.
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