Cong demands resignation of Forest Min over fraud

Last Updated: Thursday, March 29, 2012 - 17:12

Bangalore: The opposition Congress on Thursday demanded the resignation of Forest Minister C P Yogeeshwara as it vigorously sought a discussion in the Legislative Assembly on the Rs 37 crore alleged fraud by his real estate company.

In his preliminary submission seeking to move an adjournment motion, Leader of Opposition Siddaramaiah (Congress) referred to the charge-sheet filed by the CID and stressed the need for a detailed discussion.

"After the chargesheet, he (Yogeeshwara) should not remain in Government. He can he remain in government when there are cases of fraud, forgery and misappropriation against him?", Siddaramaiah asked.

Deputy Floor Leader of Congress T B Jayachandra questioned the continuation in the Government of the "tainted" Minister and sought discussion, along with another senior Congress members D K Shivakumar.

Kumar said the Government is ready for a discussion after the debate on budget if the Opposition brought it up in the House under a different format (not an adjournment motion), a contention upheld by the Speaker K G Bopaiah.

Bopaiah also suggested to the Congress to raise the matter
as a calling attention notice, adding, he would also give
permission if it`s discussed under a different rule, while
disallowing the adjournment motion.

Last month, the actor-turned politician was charged with
corporate fraud, forgery and cheating investors of Rs 37 crore
by promising them sites in his private township by the Serious
Fraud Investigation Office of the Union Ministry of Corporate
Affairs.

The report of the SFIO, which investigated complaints
against the Megacity (Bangalore) Developers and Builders Ltd.,
of which Yogeeshwara is managing director, accused him of
indulging in corporate fraud, criminal conspiracy, forgery and
cheating.

The SFIO found him guilty of forging about 450 sale
agreements to falsely show that about Rs 37 crore was paid to
landowners towards purchase of their land for the company`s
project.

CID had filed chargesheet against him in March 2010 for
the alleged cheating of more than 9,000 investors of Rs 37
crore by promising them sites at a private township developed
by his firm during 1995-2006.

PTI



First Published: Thursday, March 29, 2012 - 17:12

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