Bengaluru, Jan 18: Amidst the ongoing probe into the multi-billion IMA ponzi scam, another similar scam has come to light in the city wherein around 2500 depositors, most of them Muslims, are fearing that them may lose Rs 350 crore.
Shockingly, Shafiullah, Rafiullah, and Zabiullah, three brothers who run the Baraka Investment Consultant Private Limited, have accused the police of taking over 10 crore rupees bribe from them.
The depositors say that when they recently demanded their investments back from the accused the trio, they allegedly told them that they had paid the Central Crime Branch (CCB) and the RT Nagar police over 10 crores and they could collect that money from the police.
The aggrieved investors alleges that the RT Nagar police have charge-sheeted the three accused only on the complaints of 13 affected depositors who lost precisely Rs 97 lakh and the case is being probed under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 instead of Karnataka Protection of Interest of Depositors in Financial Institutions Act, 2004 (KPID Act) or the Banning of Unregulated Deposit Schemes Ordinance, 2019 (BUDS) Ordinance.
Aggrieved victims alleged that when the Baraka Investment Consultants had a Registration Certificate of Establishments from Department of Labour issued on November 28, 2017. The CCB took up a suo-motu case against Tellnet Computers on August 16, 2018, after they received complaints from Baraka investors.
Apparently, the CCB knew that Baraka Investment Consultants and Tellnet Computers was one and the same and operating from the same office, but they did not mention the name of Baraka in the case initially for reasons best known to them, said the victims of the Ponzi scheme. A few victims who wished to remain anonymous told BM that a CCB police inspector and one of the accused, Zabiullah, were childhood friends, neighbours and both hailed from Chikkaballapur. This is one of the reasons, they allege, the inspector has protected the accused by downplaying the scam.
The case registered by the CCB states that there are only 500 to 600 depositors who deposited amounts between Rs 50,000 to Rs 1 lakh expecting returns ranging from Rs 5000 to Rs 7000 a month, but in reality there are more than 2500 investors who have deposited amounts ranging from Rs 50,000 to Rs 50 lakh, expecting returns between 12% to 24%, said the victims. Despite this, the CCB was sitting on the case and making no investigations, the victims alleged.
It was later on in May 9, 2019, an FIR was registered by the RT Nagar police when many victims approached the police commissioner and petitioned him. “Even in this case, the accused Zabiullah was not arrested. Zabiullah’s two brothers, Shafiullah and Rafiullah, and his father Abdul Rahman were arrested, but were later granted conditional bails,” one of the victims Mohammed Yahya (42), a software engineer said.
Yahya had invested Rs 10 lakh with Baraka. “Though this case has been charge-sheeted, the police have not made any recoveries or they have not confiscated any properties of the accused,” alleged victim Habibur Rehman (42) who had invested Rs 5 lakh in Baraka. “There is clear-cut evidence that the accused was dealing in foreign exchange using the investors’ money without their knowledge and was offshoring and parking crores and crores in countries like Russia, Dubai, Malaysia, and Singapore. Though the police knew about this, they did nothing to stop it or bring it back,” said Azgar Pasha (44), a businessman who had invested Rs 41 lakh.
Comments
aree bhai.... animals are not our parents.... Muslims dont worship animalsss... go and take all cows from your modiji's freinds who are exporting your mata to other countries..... they are in cow trafficking......
How about your uncles of Al Kabeer Beef exporter. Your for uncle is chipanjee so what we will convert as chipanji and stay in jungle.
Stop non sense and be like a human don't try to spoil HINDU religion.
Hope you and your Head quarter manage to understand above message.
I am sure that this bjp leader Ranjit has completely gone mad and it will be better for bjp to kick him out from the party. His baseless + senseless statement will lead to riot. Hence,. he shuld be arrested under terrorist / goonda act immediately. According to scientiest Darwin, human being are coming from apes / monkeys. Based on this, ancistors of this hate monger were apes / monkeys. I would like to know when this hate monger will go to jungle to stay with his ancistors. We will give nice party to him. Why this hate monger is not caring about cows which are let lose in the roads and dying due to hunger. Why dont he take care of them. He is only after the cows which muslims are taking care. As cows are his Matas, he should visit to other countries also to take care of them. Why is not bothered about hundreds of cows being slaughtered for beef export by sangh exporters in Gujrat. Why he has double standard. I doubt he is one of the beef exporters and making crores and low being expressed for cow is a jumla like his Master. Has he dare enough to agitate in front of beef exporting houses in Gujrat. He will be kicked out if he does so. Shame on you guy. Be a human being first. Live and let live others. There is limit for everything . Dont cross the limit.
Add new comment