MANGALURU TUESDAY SEPTEMBER 22, 2020 `7.00 PAGES 12 CITY EDITION GLOBAL BANKS MOVED DIRTY MONEY DESPITE RED FLAGS Several global banks have moved large sums of illicit funds, despite knowing the shady nature of the money, reports say TRANSACTIONS WORTH $2 TN IN TWO DECADES BANKS DELAYED FILING REPORTS Five global banks — HSBC, JPMorgan, Deutsche Bank, Standard Chartered, and Bank of New York Mellon — may have transacted $2 trillion worth of dirty money between 1999 and 2017, the International Consortium of Investigative Journalists said, citing over 2,000 suspicious activity reports (SARs) that banks and financial firms have filed with the US Treasury ■ ■ Banks have to file SARs within 60 days of detecting a reportable transaction. However, in many cases, the banks failed to report suspect transactions years after they had processed them The SARs also showed that banks often moved funds for companies that were registered in offshore havens | P10 HSBC SHARES IN HONG KONG FELL TO A 25-YEAR LOW OF AS MUCH AS 4.4% CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI Need of 21st century: PM Prime Minister Narendra Modi on Monday asserted that the farm sector reform bills were the need of the 21st century India, saying farmers will now have the freedom to sell their produce at a place and price of their choice. He also assured farmers that the government will purchase of their produce and the minimum support price (MSP) mechanism will continue POINT-COUNTERPOINT Here’s a look at the fears of a section of farmers on the bills and Centre’s assurance MSP FARMERS: No mention of minimum support price (MSP) in any of the bills. The minimum price they get for their produce would be robbed off when the three bills come into effect CENTRE: The MSP mechanism will continue APMC FARMERS: Though the bills talk Farmers staging a rally in Bengaluru protesting against the recent passage of the farm sector reforms bill in Parliament and the state’s land reforms ordinance | SHRIRAM BN about intra-state trade, the role of the Agricultural Produce Market Committee (APMC), also called the mandi system, is unclear CENTRE: APMCs will continue to function. The bills create parallel markets outside the mandi as well CONTRACT FARMING FARMERS: Apprehension that due to the clause on fixed price before sowing, many corporates would not like to engage with small and marginal farms CENTRE: Will allow farmers to get higher price for their produce and guaranteed buying ESSENTIAL COMMODITIES FARMERS: Bill removes pulses, cereals and other such items from the list of essential commodities. It also does away with imposition of stock limit, so corporates will be the real beneficiaries CENTRE: It transforms the farm sector by deregulating cereals, pulses, and onions, raising farmers’ income Indefinite dharna by 8 suspended Elders A day after pandemonium in the Rajya Sabha, Chairman M Venkaiah Naidu suspended eight Opposition members for their unruly behaviour during the passage of two farm bills, while rejecting a no-confidence motion moved against Deputy Chairman Harivansh Narayan Singh on technical grounds. The suspended MPs — Derek O’Brien, Dola Sen (all Trinamool), Rajeev Satav, Syed Nassir Hussain, Ripun Bora (all Congress), Sanjay Singh (AAP), Elamaram Kareem (CPI) and K K Ragesh (CPM) — called the action autocratic and continued sitting in the House despite repeated requests by the chair to leave, leading to multiple adjour nments. No legislative business could be conducted throughout the day . Holding placards saying ‘Murder of Democracy’ and ‘We will fight for farmers’, the suspended MPs later began an indefinite dharna near Gandhi statue on Parliament’s premises. The Upper House is likely to witness uproar on Tuesday too, , as the Opposition plans to press on with its objections to the refusal to allow division on the farm bills. Parallelly, the Opposition sought time to meet President Ramnath Kovind while urging him not to give assent to the two bills passed by the Rajya Sabha on Sunday — the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill 2020 and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020. They also weighed options to take the matter to the Legislature session cut short to six days A N U S H A R AV I @ Bengaluru THE eight-day Karnataka legislature session has been cut short to six days and is scheduled to end on Saturday . The opposition, led by Congress that was demanding an extension of the session till October 15, agreed to a truncated session at the Business Advi- TODAY’S MATCH vs RAJASTHAN CHENNAI After recording their first win, CSK will meet Rajasthan Royals (playing their first match) at Sharjah on Tuesday. With two big players -- Jos Buttler and Ben Stokes -- missing from RR, Chennai would like to exploit the situation and aim for a big win ODDS: CSK 4/5 RR 6/5 LIVE: Star Sports1/Hotstar @ 7.30pm EXPRESS READ Lookout notice against Aditya Alva in durg case Bengaluru: The Central Crime Branch (CCB) has issued a Lookout Notice for Aditya Alva in the drugs case to prevent him from leaving the country, Bengaluru City Police Commissioner Kamal Pant confirmed on Monday. sory Committee on the condition that discussions should be held in detail on three or four key bills, while allowing minor bills to be passed without delay . Despite the opposition to key ordinance replacement bills, like amendments to APMC Act, Land Reforms Act, Panchayat Raj Act and labour laws, the B ATC nabs 2008 serial blasts suspect in Kerala E X P R E SS N E WS S E R V I C E @ Bengaluru SLEUTHS of the Anti-Terrorist Cell (ATC) of the Bengaluru City Police on Monday arrested a terror suspect in connection with serial bomb blasts that rocked the city way back in 2008. Shoaib, who was absconding for 12 years, was arrested soon after the Air India Express repatriation flight (1532) from Riyadh landed at the Trivandrum International Airport at 6.13 pm. Joint Commissioner of Police (Crime) Sandeep Patil said that the accused was arrested with the assistance of central agencies. Patil termed it an ‘important arrest’. “He was absconding since 2008 and a Red Corner Notice had been issued against him,” Patil added. Shoaib will be brought to the city on Tuesday morning and produced before the First Additional Chief Metropolitan Magistrate court. S Yediyurappa government is likely to ensure a smooth passage of all bills through voice votes in both the Assembly and Council. Though the Opposition is stronger in the Council, the government is confident of passing all the bills to be tabled in both Houses. Raibag MLA tests +ve Raibag MLA Duryodhan Aihole on Monday tested positive for Covid-19, before the start of the session. CONTINUED ON: P4 EXAMINATION BLUES SC asks NLSIU to scrap NLAT, admit students as per CLAT score E X P R E SS N E WS S E R V I C E @ New Delhi/Bengaluru THE Supreme Court on Monday quashed the decision of National Law School of India University Bengaluru (NLSIU) to hold a separate , entrance exam, National Law Aptitude Test (NLAT), for admission to its five-year integrated LLB programme and the postgraduate LLM programme, in place of the Common Law Admissions Test (CLAT). A three0-judge bench headed by Justice Ashok Bhushan set aside the September 3 notification issued by NLSIU which had announced NLAT in place of CLAT. The bench ordered NLSIU to carry out admissions as per CLAT and to complete the admission process by mid-October. Admission to LLB courses offered by 22 National Law Universities (NLUs) in different states is based on CLAT, which is held every year by a consortium of NLUs. CLAT is scheduled to be held on September 28. CONTINUED ON: P5 Woman power in Navy’s airborne combat team E X P R E SS N E WS S E R V I C E @ Kochi / New Delhi TWO women have made their way into a domain held by male officers in the Navy. Sub-lieutenant Riti Singh and sub-lieutenant Kumudini Tyagi will be the first women airborne combatants of the Navy to operate helicopters from the deck of warships. Earlier, the role of women was restricted to the fixed wing aircraft that took off and landed ashore. The two officers graduated as the Navy’s Observers at a ceremony held at INS Garuda, the air station of the Southern Naval Command in Kochi on Monday . Both are engineering graduates in computer science and were commissioned into the Navy in 2018. Sub Lt Singh, a native of Hyderabad, is the third-generation officer from her family to serve the armed forces. “It is a dream-come-true moment as joining the Navy was my longcherished dream,” she said. P8 Sub Lieutenant Riti Singh (left) and Sub Lieutenant Kumudini Tyagi at the passing out parade in Kochi on Monday | A SANESH ernment to reconsider its decision and protect the farm sector. Among those who took GRICULTURE may be part in the protest were freeamong the few sectors dom fighter H N Doreswamy, that are able to beat the Swaraj Abhiyan chief Yoeconomic slowdown that gendra Yadav, writer Devanuwas triggered by the Covid19 ru Mahadeva and Justice H N pandemic outbreak, but farm- Nagamohan Das. ers across the state are up in Friday’s rally and the dhararms against the government na is the culmination of farmover amendments to Land Re- ers’ protests that were being forms and Agricultural Pro- held across the state over the duce Market Committee past few weeks after the state (APMC) Acts. g ove r n m e n t On Friday, a promulgated large rally was the ordinance organised by to amend the the Karnataka land reforms PA R T- 2 Rajya Raita act, allowing Sangha and non-ag riculother farmer turists to purorganisations against the chase agriculture lands and amendments passed by the amending the APMC act to alstate government through or- low private players to directly dinances to the Land Reforms purchase produce from farmAct, APMC Act and labour ers. Farmers and agriculture laws. Over 5,000 farmers from experts see these changes as a across Karnataka descended major threat to the sector. on the state capital to protest “They have to pay a heavy against the government on a price for these changes that day when the state legislature impact the farm sector badly ,” session started. After the said for mer chair man of march, the farmers sat on an State Agriculture Price Comovernight protest at the Free- mission Dr T N Prakash Kamdom Park, demanding the gov- mardi. P5 E X P R E SS N E WS S E R V I C E @ Bengaluru Rajya Sabha Chairman cracks whip for Sunday’s unruly behaviour; rejects no-confidence motion moved against his deputy; Oppn urges President not to give assent to the farm bills, seeks time to meet him; weighs legal options too R I C H A S H A R M A @ New Delhi FARMING LOOKING UP, BUT FARMERS FEAR NEW LAWS judiciary . Outside Parliament, Prime Minister Narendra Modi sought to dispel concer ns among a section of farmers, saying he wanted to make it clear that the bills are not against agriculture mandis. If somebody says that government-regulated agriculture markets will be finished after these reforms, then he is “blatantly lying”, Modi asserted. P7 A
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