In what has come to be known as the IMA scam, a private firm called I Monetary Advisory Group floated a ponzi scheme offering investors dream returns to the tune of 36 to 64 per cent on investments. The investment schemes of the firm were pitched as being in line with Sharia principles of Islam.
On shaky ground, the Congress-JD(S) coalition in Karnataka, which will be reduced to a minority if the resignations of 16 rebel MLAs are accepted by the Speaker, got a lease of life Monday when a vote of confidence was scheduled on July 18.
The Congress, JDS and BJP MLAs will move to resorts around Bangalore to protect their flock ahead of the floor test. While the trust vote will be taken up on Thursday, the voting will take place following discussions on the vote members of all parties.
Kumar rose from student politics in Bengaluru in the 1970s and associated with the Congress early in his political career. He later shifted to Janata Party and Janata Dal before returning to the Congress around two decades ago.
Since his ascent to positions of power including the Speaker of the state assembly between 1994-99, Kumar has earned the reputation of being a knowledgeable, well-read man, who has occasional flashes of temper but is a smooth operator in general.
The exit of Independent MLAs H Nagesh and R Shankar, inducted into the Cabinet on June 14 to bolster numbers, reduced the coalition’s strength to 104 after 13 MLAs, 10 Congress and 3 JD(S), resigned Saturday.
Several persons arrested in the Gauri Lankesh case have in statements, which are a part of the chargesheet, described attending a camp at a rubber plantation near Pilathbetta in the Dharamsthala region in August 2015.
Congress loses two MLAs but retains majority. BJP needs more to happen before it can be in a position to form the government. A look at the numbers, and how each party is addressing the unfolding situation.
Dr M Annadurai was closely linked to the mission as director of the U R Rao Satellite Center in Bengaluru until his retirement last year. He spoke to The Indian Express on the similarities and differences between ISRO’s first and second missions: