Chargesheet against Karnataka ex-minister Janardhana Reddy in Rs 120 crore ponzi scam

TNN
February 20, 2019

Bengaluru, Feb 20: The Central Crime Branch (CCB) on Tuesday filed a chargesheet against Ambidant Marketing and nine others, including former BJP minister G Janardhana Reddy, accusing them of cheating people of Rs 120 crore.

The 4,800-page chargesheet, filed before the city civil court, says the number of people cheated is 10,564. Police have registered the names and collected details of 4,800 investors whose investments ran up to Rs 82.1 crore.

The CCB named Janardhana Reddy, Ambidant Marketing directors Syed Fareed Ahmed and Syed Afaq Ahmed, businessman Vijay Tata, Reddy’s aide K Mehfuz Ali Khan, gold merchant Ramesh alias Ballari Ramesh, company executives Inayat Ullah Wahab and Ashraf Ali in the chargesheet.

The CCB said it has asked the district administration to attach properties of the accused which is worth Rs 59 crore. This includes Reddy’s Rs 5 crore flat in Parijatha Apartment on Race Course Road, Bengaluru.

The attachment has been sought under the Karnataka Protection of Interest of Depositors in Financial Establishments (KPID) Act.

Police said they have been able to trace documents of immovable properties of the accused and sought their attachment. The properties include flats and agricultural land. They have frozen 37 bank accounts of the accused and seized Rs 3.5 crore and deposited it with the court.

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News Network
May 18,2020

Bengaluru, May 18: Senior Congress leader and former Union Minister Mallikarjuna Kharge on Monday slammed the State Government’s decision to appoint administrative committees to Panchayats, which completes their five-year term, shortly.

Speaking to media persons, the Congress leader described the State Government’s decision on appointing committees as a ‘death knell ‘ to the basic characters of the Panchayat bodies, which were elected on a non-party basis.

Strongly recommending the BJP-led government to desist from its decision, Kharge urged Chief minister B S Yediyurappa to extend the term of the elected bodies of the Panchayats by six months.

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News Network
April 1,2020

Bengaluru, Apr 1: The Opposition Congress leader in the Karnataka Assembly, and former Chief Minister Siddaramaiah has appealed the party legislators and MPs to contribute a minimum rupees one lakh each, towards the KPCC's Corona relief fund.

In a statement, here on Tuesday, Siddaramaiah had stated that the COVID-19 disease had created a havoc among the people of the state, and had thrown thousands of people jobless and struggling to get access to the food grains as well as to medical aid.

The people of the state, who had battered from the unprecedented rains and floods recently, had to face another daunting challenge of the spread of COVID-19 virus across the state.

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coastaldigest.com web desk
July 13,2020

Mangaluru, Jul 13: Air India Express flight brought around 170 passengers from Bahrain to Mangaluru under Vande Bharat Mission yesterday. 

This is the first VBM flight from Bahrain to Mangaluru. The flight took off from Bahrain at 10 am on Sunday and landed at Mangaluru International airport at 4.45 pm. 

Even though thousands of Indian expatriates from other gulf countries were brought to Mangaluru in past few weeks, no flight was arranged from Bahrain so far. Hence, several Mangalureans including senior citizens, women and patients were stranded in Bahrain for months together.

Local entrepreneur and president of Indian Overseas Congress (IOC) Mohammed Mansoor, who saw the plight of the hapless Indian expatriates in Bahrain had discussions with the Indian embassy in Bahrain and convinced it to arrange a special Air India Express flight under the Vande Bharat Mission. 

IOC, along with the cooperation of ‘KHK Heroes’ had arranged meal kits for passengers during their flight to Mangaluru. IOC had also contacted all the Mangaluru-based NRIs who wanted to fly back to India and made a list with the help of Indian embassy to avoid any untoward incidents.

IOC had also given details of hotels to be quarantined in Mangaluru and Udupi, names of nodal officers to be contacted and emergency telephone numbers. The passengers were given a warm farewell by the office bearers of IOC from Bahrain international airport.

The effort taken by Mohammed Mansoor, president of IOC is lauded by all. All the passengers who travelled by the flight have thanked IOC and its office bearers whole heartedly.

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