KARNATAKA

Probe into `proxy investments' dropped

COMMITTEE'S DECISION: K.C. Kondaiah (second from left), Chairman of the Privileges Committee of the Legislative Council, submitting a report to Council Chairman V.R. Sudarshan, in Bangalore on Thursday. — Photo: V. Sreenivasa Murthy

COMMITTEE'S DECISION: K.C. Kondaiah (second from left), Chairman of the Privileges Committee of the Legislative Council, submitting a report to Council Chairman V.R. Sudarshan, in Bangalore on Thursday. — Photo: V. Sreenivasa Murthy  

Legislative Council committee says Yediyurappa failed to support charges

Staff Reporter

BANGALORE: The Privileges Committee of the Legislative Council has dropped its inquiry with regard to the alleged investments made by three persons on behalf of Abdul Kareem Telgi, the principal accused in the fake stamp paper case, as former member of the House B.S. Yediyurappa, who had made the allegations, did not cooperate with it.

Mr. Yediyurappa, now Leader of the Opposition in the Legislative Assembly, had made the allegations in the Council in January 2004. He alleged that three persons had made major investments in various companies on behalf of Abdul Kareem Telgi, the main accused in the stamp paper racket.

Eight summonses

The Privileges Committee, headed by K.C. Kondaiah, has decided to drop the proceedings as Mr. Yediyurappa did not heed at least eight summonses to appear before it and provide the information he claimed to have.

The Bharatiya Janata Party leader had alleged that a former Director General of Police of the State, a former Chairman of Indian Oil Corporation, and the Chairman and Managing Director of Petronet LNG had made investments of Rs. 100 crores and demanded a probe.

Mr. Yediyurappa had told the House during a discussion on the stamp paper racket that investments had been made in Gem and Pearl Mineral Ltd., Chennai; Pearl Mineral, Premium Estates Private Ltd., Pearl Global, Hopp Worldwide Ltd., Nahar Enterprises Pvt. Ltd., Shobha Printers, and B.P. Capital Ltd., all Delhi-based companies; and Dallas Finance. In a letter in November 2001 to then Chief Minister S.M. Krishna, he alleged that a member of the Cabinet was involved.

Santhosh Gudia of Gem and Pearl Mineral Ltd. had approached then Chairman of the Council B.L. Shankar and claimed that the allegation had tarnished his reputation and sought to issue a clarification before the House. Mr. Shankar referred the matter to the Privileges Committee.

Mr. Kondaiah told presspersons on Thursday that since Mr. Yediyurappa has not given information, the committee has decided to drop the matter.

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