#MUDA Scam

[news-trust-india]

MUDA Scam : मुडा मामले में सीएम सिद्धारमैया पर सबूत नष्ट करने का लगा आरोप

MUDA Scam : कर्नाटक के मुख्यमंत्री सिद्धारमैया की मुश्किलें खत्म होने का नाम नहीं ले रहीं। अब उनके और अन्य लोगों के खिलाफ एक नई शिकायत दर्ज कराई गई है। मैसूर शहरी विकास प्राधिकरण (मुडा) मामले में सबूतों को नष्ट करने का आरोप लगा है। प्रदीप कुमार नाम के एक व्यक्ति ने शिकायत दर्ज कराई है। उन्होंने सिद्धारमैया एवं अन्य के खिलाफ सबूतों से छेड़छाड़ के लिए जांच और मामला दर्ज करने की मांग की। शिकायत में…

[odnewsin]

ED seizes 160 sites worth Rs 300 crore in Karnataka MUDA scam case

The Enforcement Directorate (ED), which is investigating the Mysuru Urban Development Authority (MUDA) scam, has seized 160 sites that were allotted to various individuals in violation of rules under the 50:50 ratio formula, sources said on Wednesday.  The ED stated that all the sites have been seized under the provisions of the Prevention of Money Laundering Act, as there are indications of…

[news365timesindia]

[ad_1] GG News Bureau Bengaluru, 27th Jan. The Karnataka Lokayukta on Monday submitted its investigation report into the Mysuru Urban Development Authority (MUDA) scam to the High Court’s Dharwad bench. Chief Minister Siddaramaiah has been named the primary accused, with his wife, B.M. Parvathi, listed as the second accused. Lokayukta Superintendent of Police T.J. Udesh presented the sealed report, complying with the court’s earlier directive. The case stems from a petition by activist Snehamayi Krishna, seeking a Central Bureau of Investigation (CBI) probe into alleged illegal site allotments involving political and influential figures. Court Proceedings During the hearing, Advocate General Shashi Kiran Shetty requested additional time for arguments, which the court denied, instructing that submissions be made promptly, including via video conferencing. Senior Counsel Dushyanth Dave, representing a co-accused, argued against the necessity of a CBI probe, stating the petition aimed to tarnish Siddaramaiah’s image. Petitioner Krishna alleged Lokayukta investigators were biased and reiterated calls for a CBI inquiry, citing evidence of corruption and influence in the case. He accused Siddaramaiah of misusing political power for personal gain, particularly in acquiring compensation for 14 MUDA sites under his wife’s name. ED Notices Issued Adding to the controversy, the Enforcement Directorate (ED) has summoned Siddaramaiah’s wife and Urban Development Minister Byrathi Suresh for questioning. Both have challenged the summons in the Karnataka High Court. The case, involving alleged large-scale irregularities in site allotments, continues to unfold amid calls for accountability and transparency. The post MUDA Scam: Lokayukta Submits Report to Karnataka HC; CM Siddaramaiah Named Accused appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] GG News Bureau Bengaluru, 27th Jan. The Karnataka Lokayukta on Monday submitted its investigation report into the Mysuru Urban Development Authority (MUDA) scam to the High Court’s Dharwad bench. Chief Minister Siddaramaiah has been named the primary accused, with his wife, B.M. Parvathi, listed as the second accused. Lokayukta Superintendent of Police T.J. Udesh presented the sealed report, complying with the court’s earlier directive. The case stems from a petition by activist Snehamayi Krishna, seeking a Central Bureau of Investigation (CBI) probe into alleged illegal site allotments involving political and influential figures. Court Proceedings During the hearing, Advocate General Shashi Kiran Shetty requested additional time for arguments, which the court denied, instructing that submissions be made promptly, including via video conferencing. Senior Counsel Dushyanth Dave, representing a co-accused, argued against the necessity of a CBI probe, stating the petition aimed to tarnish Siddaramaiah’s image. Petitioner Krishna alleged Lokayukta investigators were biased and reiterated calls for a CBI inquiry, citing evidence of corruption and influence in the case. He accused Siddaramaiah of misusing political power for personal gain, particularly in acquiring compensation for 14 MUDA sites under his wife’s name. ED Notices Issued Adding to the controversy, the Enforcement Directorate (ED) has summoned Siddaramaiah’s wife and Urban Development Minister Byrathi Suresh for questioning. Both have challenged the summons in the Karnataka High Court. The case, involving alleged large-scale irregularities in site allotments, continues to unfold amid calls for accountability and transparency. The post MUDA Scam: Lokayukta Submits Report to Karnataka HC; CM Siddaramaiah Named Accused appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[quibblefrost]

MUDA Scam, ED, BJP, and Impact on the Indian Stock Market

The Mysuru Urban Development Authority (MUDA) scam centers on allegations of corruption involving Karnataka Chief Minister Siddaramaiah. It is alleged that Siddaramaiah used his political influence to secure compensation of 14 prime plots in Mysuru for his wife, B.M. Parvathi, in exchange for a less valuable parcel of land acquired by MUDA. The original land, acquired for approximately ₹3.24 lakh, was swapped for plots valued at around ₹56 crore. Source

Enforcement Directorate's Actions

The Enforcement Directorate (ED) has been actively investigating these allegations. Recently, the ED attached 142 properties linked to the scam, with an estimated market value of ₹300 crore. This decisive action underscores the gravity of the allegations and the scale of the purported corruption. Source

Political Repercussions

In response to the ED's findings, the Bharatiya Janata Party (BJP) has demanded the immediate resignation of Chief Minister Siddaramaiah. BJP leaders argue that the ED's investigation has exposed significant corruption involving Siddaramaiah, who allegedly used his political influence to illegally allocate sites in the name of his wife. Source

Impact on the Indian Stock Market

While the MUDA scam is primarily a regional political issue, its implications could extend to the broader Indian stock market in several ways:

Investor Sentiment: Corruption scandals can erode investor confidence, leading to increased market volatility. Investors may become cautious, fearing systemic issues within governance structures.

Regulatory Scrutiny: Such high-profile cases often prompt regulatory bodies to tighten oversight, which can affect market dynamics. Companies may face more stringent compliance requirements, impacting their operations and financial performance.

Political Stability: Political uncertainty arising from scandals can influence economic policies and reforms. Instability at the state level can have ripple effects on national economic strategies, potentially affecting markets.

Conclusion

The MUDA scam highlights the intricate link between politics and economic stability. While the direct impact on the Indian stock market may not be immediately apparent, the potential for indirect effects through investor sentiment, regulatory changes, and political stability cannot be overlooked. It serves as a reminder of the importance of transparency and integrity in governance for maintaining economic confidence.

[tfgadgets]

MUDA Land Scam, Mysuru Urban Development Authority, Mysuru Urban Body Chief Quits Amid Row Involving Siddaramaiah's Family

Karnataka Chief Minister Siddaramaiah and his family face land scam allegations (File). Mysuru: Mysuru urban development body chief Mari Gowda resigned Wednesday – citing health concerns – amid an ongoing state and federal investigation into land scam allegations against Karnataka Chief Minister Siddaramaiah, his wife, and other members of his family. Mr Gowda was a long-time associate of the…

[9327005315]

Azharuddin Summoned By ED | MUDA scam | Fresh Trouble Mounts For Siddara...

[seeupdate]

MUDA scam: Activist Snehamayi Krishna files complaint with ED against Karnataka CM Siddaramaiah

BJP MLC CT Ravi alleged that CM Siddaramaiah is not a clean politi-cian ashe claims himself to be as 65 cases are registered against him. Speaking to reporters at Vidhana Soudha on Friday, Ravi said, Red More:

[seeupdate1]

MUDA scam: Activist Snehamayi Krishna files complaint with ED against Karnataka CM Siddaramaiah

BJP MLC CT Ravi alleged that CM Siddaramaiah is not a clean politi-cian ashe claims himself to be as 65 cases are registered against him. Speaking to reporters at Vidhana Soudha on Friday, Ravi said, Red More:

[mybharatguru]

Investigation on Karnataka Chief Minister Siddaramaiah in corruption case!

Karnataka Chief Minister Siddaramaiah is currently embroiled in a significant case related to allegations of corruption involving the Mysore Urban Development Authority (MUDA). The case revolves around accusations that land was unlawfully allotted to his wife Parvathi in Mysore, leading to an alleged scam worth ₹3,800 crores. Background of the Case The controversy began when claims surfaced…

[news-trust-india]

MUDA Land Scam : सिद्धारमैया को HC से झटका, HC ने खारिज की याचिका

बेंगलुरु। MUDA Land Scam : कर्नाटक के मुख्यमंत्री सिद्धारमैया को MUDA लैंड स्कैम मामले में हाई कोर्ट ने बड़ा झटका दिया है। कोर्ट ने मामले पर गवर्नर के आदेश के खिलाफ दायर की गई उनकी याचिका को कोर्ट ने खारिज कर दिया है। कोर्ट ने कहा कि याचिका में बताए गए तथ्यों को जांच करने की जरूर�� है। Kolkata Rape-Murder : जांच में हुई पुलिस चूक के खिलाफ BJP का प्रदर्शन सीएम सिद्धरमैया ने हाई कोर्ट में याचिका…

[odnewsin]

MUDA scam: ED issues notice to CM’s wife and Minister Byrathi Suresh

The Enforcement Directorate has issued a notice to Chief Minister Siddaramaiah’s wife B.M. Parvathi, the second accused in the Mysuru Urban Development Authority (MUDA) scam, sources said on Monday   The ED has also issued notice to the Urban Development Minister Byrathi Suresh, a close confidante of CM Siddaramaiah. Sources revealed that the ED had issued notice to the CM’s wife on January 23…

[news365timesindia]

[ad_1] GG News Bureau Mysuru, 28th Nov. The Lokayukta police on Thursday interrogated former Mysuru Urban Development Authority (MUDA) Commissioner P S Kantharaju as part of their investigation into the MUDA site allotment case. Kantharaju, who served as the MUDA Commissioner from September 2017 to November 2019, was questioned regarding his role in the controversial allotment of compensatory sites. However, the details of the investigation remain undisclosed. The case involves allegations against Karnataka Chief Minister Siddaramaiah, his wife Parvathi B M, his brother-in-law Mallikarjuna Swamy, and others. It is claimed that compensatory plots were allotted to Parvathi in a prime area of Mysuru, with a higher property value, in exchange for land acquired by MUDA. The MUDA had allocated plots to Parvathi under a 50:50 scheme, offering developed land in exchange for 3.16 acres of her land, which was used for a residential layout. The controversy stems from claims that Parvathi did not hold legal title to the 3.16 acres of land located at Survey No. 464 of Kasare village, Kasaba hobli, Mysuru taluk. Both the Karnataka Lokayukta police and the Directorate of Enforcement are investigating the alleged scam. The post Lokayukta Police Question Former MUDA Commissioner in Site Allotment Case appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

[news365times]

[ad_1] GG News Bureau Mysuru, 28th Nov. The Lokayukta police on Thursday interrogated former Mysuru Urban Development Authority (MUDA) Commissioner P S Kantharaju as part of their investigation into the MUDA site allotment case. Kantharaju, who served as the MUDA Commissioner from September 2017 to November 2019, was questioned regarding his role in the controversial allotment of compensatory sites. However, the details of the investigation remain undisclosed. The case involves allegations against Karnataka Chief Minister Siddaramaiah, his wife Parvathi B M, his brother-in-law Mallikarjuna Swamy, and others. It is claimed that compensatory plots were allotted to Parvathi in a prime area of Mysuru, with a higher property value, in exchange for land acquired by MUDA. The MUDA had allocated plots to Parvathi under a 50:50 scheme, offering developed land in exchange for 3.16 acres of her land, which was used for a residential layout. The controversy stems from claims that Parvathi did not hold legal title to the 3.16 acres of land located at Survey No. 464 of Kasare village, Kasaba hobli, Mysuru taluk. Both the Karnataka Lokayukta police and the Directorate of Enforcement are investigating the alleged scam. The post Lokayukta Police Question Former MUDA Commissioner in Site Allotment Case appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link