Lad submitted his resignation letter to Chief Minister Siddaramaiah who, sources said, had asked him to put in his papers and was also reportedly told by Governor H R Bhardwaj to drop the minister.
Speaking to reporters after meeting Siddaramaiah, Lad said, "I voluntarily submitted my resignation to the Chief Minister. I have taken a moral stand in the interest of the party".
A mining baron from Bellary District, Lad, who earlier met President of the Karnataka Pradesh Congress Committee G Parameshwara, said both the latter and Siddaramaiah were "taken by surprise" by his decision to quit and "tried to console" him.
Lad's resignation comes just two days before the winter session of the legislature is slated to begin on Monday, with the Opposition BJP and JDS preparing to put the government on the mat over the issue. The move is seen as an attempt by the government to disarm the Opposition.
The iron ore mining company in which the 38-year old Lad is partner is linked to another firm owned by his kith and kin which allegedly indulged in illegal mining. Lad had repeatedly denied that his company was engaged in illegal mining.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
