Museum has more footfall than the crowded square The Salar Jung Museum. * Serish Nanisetti Hyderabad The death of Cafe Coffee Day founder V.G. Siddhartha in Mangaluru triggered attacks by several political personal- ities in the Opposition who questioned the role of inves- tigating agencies. “A letter, supposedly writ- ten by Siddhartha a few days before his death, discusses tax terrorism, which is an ug- ly face of politically motivat- ed institutions. What signals are we sending to budding entrepreneurs? Our party and I shall always stand with Shri. S.M. Krishna in his fight for justice,” former Chief Mi- nister Siddaramaiah said on Twitter. In another tweet, he said the government was fa- vouring “a few crony capitalists”. West Bengal Chief Minis- ter Mamata Banerjee tweet- ed: “From what he has ex- pressed, it appears that he was greatly depressed due to harassment and pressure from agencies, for which he impediments for ease of business.” Fugitive business tycoon Vijay Mallya, who is in the U.K., also took to Twitter against government agen- cies. “I am indirectly related to Siddhartha. Excellent hu- man and brilliant entrepre- neur. I am devastated with the contents of his letter. The Govt Agencies and Banks can drive anyone to despair. See what they are doing to me despite offer of full repayment.” could not run his business in a peaceful manner.” Karti Chidambaram, the son of former Union Minister P. Chidambaram and who is facing charges from the En- forcement Directorate, tweeted on Wednesday: “Forget about dealing with markets/suppliers/custom- ers/investors/employees/sta- keholders. Managing the sys- tematic harassment by the State n it’s pliant agencies is the biggest challenge. IT, ED, CBI, ROC etc. are the biggest West Bengal CM Mamata Banerjee and former Karnataka CM Siddaramaiah hit out at their role Siddaramaiah Opposition leaders slam Central probe agencies Special Correspondent Bengaluru The Enforcement Directo- rate (ED) has seized the Hyd- erabad-based Q City Tech Park of Mack Soft Tech Priv- ate Limited (MSTPL), worth over ₹86 crore, in lieu of as- sets held abroad in alleged contravention of the Fo- reign Exchange Manage- ment Act (FEMA). The agency initiated the probe on the basis of infor- mation that MSTPL had al- legedly remitted huge funds outside India in violation of the Act. Non-existent licence It found that $1.25 crore (equivalent to ₹62.08 crore) was transferred to Orient Guide Investments Limited (Hong Kong) on the pretext of purchasing a “non-exis- tent” software licence. From November 2011 to December 2016, MSTPL al- legedly transferred another sum of $39.80 lakh (equiva- lent to ₹24.30 Crore) to the United Arab Emirates-based Senat Legal Consultancy FZ LLC and Cresco Legal Con- sultancy FZ LLC, ostensibly for legal services. “It was revealed that this was a sham transaction,” said the agency. The ED alleges that these remittances were made overseas to siphon off funds
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