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
You can do nothing. Because your countdown has already started.
Any harsh step towards Hindus living in UAE may impose long-term hazard on Indian muslims... therefore think twice before taking any foolish action. Don't think RSS is just a group of robe wearing sadhus. Their reach is beyond your imagination. Jai Hind.
Terror attacks of RSS:-
1- 1999 killing of Graham Staines
2- 2002 Gujarat riots
3- 2007 Samjhauta Express bombings
4- 2007 Ajmer Dargah attack
5- 2008 Malegaon blasts
6- 2007 Mecca Masjid bombing
Saffron terror is a neologism used to describe acts of violence motivated by Hindu nationalism. The acts are allegedly perpetrated by members, or alleged members, of Hindu nationalist organizations close to Rashtriya Swayamsevak Sangh (RSS) and Abhinav Bharat.
RSS is an anti national, saffaron terrorist organisation. Many are convicted for bombings and killings in various part of India. They even do hate speech in public. As the majority of north indians are illiterate, they will fall for rss ideology. They will make believe these illiterate people. As the south indian people are literate, rss lacks ground support in southern states of india, where the economy is far better than rest of india.
RSS never do fund collections from any comapnies or sympathizers. Do you anything about RSS?
RSS has strong base in UAE. I know many people who are working for RSS. Govt. is aware of this fact but a little bit tolerant because RSS respects local laws, rules & traditions. No harm to UAE integrity, law & order.
RSS Businessmen already in key position in gulf countries and hindus forms a substantial poulationin gulf countries will soon take over gulf countries and arab sheiks will ride camels..Jai hind
Mr. Kamath, remember one thing that each drop of water will make big ocean....we as muslims, small percentage in India, will do our level best to see these RSS supporters to perish....
UAE Indian expatriates take initiate and teach lesson for this companies. They hire only RSS trained persons and funding who against Muslims. So, every person should take initiate and there is many alternatives. \hani hani goodidare halla\".
Spread even around Emirati who understand."
People have power if they wish by not supporting RSS and boycotting those who fund them.
NO WORRY, Truth will prevail ,and evil will perish soon.
always do good to all
Sorry NMC me going to GMC or thumbay hospital in sha Allah if needed and UAE exchange me n my relatives are opting al ansari or al razouki exchange.They also give best draft rates. Sorry by funding or approaching rss thugs u r putting axe on ur own knees in shaAllah. May Allah perish you.
my dear rss friends dont come here you will have to eat beef with other your friends because all of your friends eat beef in cafeteriai in uae
Now y do u need rich gulf countries Muslims Money!!! No objection now?
There is no POWER nor MIGHT except with ALLAH....
Whatever ways ISLAM haters try to plan... Muslims know very well they will never succeed playing with the followers of Divine religion (ISLAM).
They did lot of deceptions & FOOLED many. But their Evil deeds were caught & exposed, but Most of the people are still sleeping to their deception.
Dear RSS Cadres...
LEARN ISLAM independently not from cheddis.. Dont fall trap to RSS defined islam which is deception to make you follow your leaders to HELL if U dont recognize the REAL TRUE GOD who created U, ME and all those existed.
Good luck for you new plans, which U will be able to deceive many of your Unthinking followers. and WE Muslims know, ALLAH is most merciful... and he can spare U & allow YOU to play this GAME. But YOU will never succeed to overcome or wipe ISLAM. Its a Challenge many ISLAM haters tried and LOST. RSS your fate will be the SAME. Dont play with the Divine religion ISLAM.
Dream only, RSS cannot do anything Dubai. Dubai is Islamic country.
RSS men and Sadwi's were involved in many bomb blast in India.
RSS was the main organization behind demolition of Babri Masjid
RSS was the main organization behind every riots in India
RSS was the main organization who organized Gujrat carnage and killed around 2000 innocent Indians.
RSS was the main organization which is organized riots in Muzafferabad and killed many muslims.
RSS was the main organization is funding it's goonda outfits like Bhajrang Dal , ABVP etc.
there are many many incidents we can make here about RSS which is dead against of Minorities in India.
So UAE Indians should ban it's funding hand from this gulf countries by banning their business places.
I swear I never ever go to RSS backed banks any more. I promise.
Can you all Promise??????
RSS and ISIS are same, they both got same idea of dividing people...dangerous for human kind....both are being taken care of by Zionists.....tooooooo dangerous.....
Earned name,fame and richness from Muslim countries and funding for the anti Muslim organisations. What a ungratefulness.
All knew about these tycoons.
ZEE aflan tv channel was the first step to enter Middle east to sympathize RSS through bollywood movies, Bhajan and RSS imposed hindu culture. Now they openly enter by strong hold business and money. They will ruin some if UAE not act immediately.
Mr.Nishan,RSS member cannot do the mosad work becouse RSS member's are waring chaddi.
but one thing they are using money from gulf country to killing innocent musslims also a bank giving all commison to RSS i came to know from one of hindu friend working here in kuwait.
So it means they need Funds from Muslims countries, how pathetic, How can you take money from Tycoon's who are beneficiaries of Muslims in Gulf countries and earned their money from this community, Please try some other source!!
All middle East countries should ban those companies which funding terror organisation RSS have link with it. In Saudi Arabia, also some companies funding RSS
Islamic state may take help from RSS since IS is creation of Israel.
Alarm for UAE authority and other Middle eastern countries.
Hope Indian expatriate and Human rights will take this issue up to UAE authority before too late.
R.S.S Outfit engaged several Terrorist activities against Muslims, hence Indian Muslims considered R.S.S is Terrorist Organization. The Muslim organizations around Gulf regions should come forward and chal out plant to finish /pull out R.S.S functionaries from Gulf region. Also Organizations must take necessary steps to educate Rulers, Government authorities and Gulf countries citizens about the hidden agenda of R.S.S and its ally with ISRAEL.
Israel using RSS cadres to spy Gulf countries since Mossad cannot enter GCC. It's decision by Israel and RSS acting accordingly.
RSS go at any level to disturb Middle East peace and killing Muslims.
Middle east authorities must act before too late.
Most of RSS cadres trained by Mossad and frequently visiting Israel through other passport.
BR Shetty is a great patriot and philanthropist.
CD is unleashing a series of articles to create :awareness\ against RSS. but no publicity is bad publicity. U cnnot do any harm to mighty RSS"
Would like to see if they can do a \path sanchalan\" in cheddies and swords on Dubai streets."
Whatever you do, you cannot move an inch without the almighty's permission. HE is the best planner.
In Dubai, everything is possible.
Preaching man made religion - what does benefit.
Compare how many people accepted Hinduism V/s how many Hindus accepted Islam and Christianity.
Analyze the truth.
Exert whatever your efforts, truth will not fail, God's religion has to reign.
I heard that the commissions paid to UAE exchange goes directly RSS account. please use Alrajhi bank to send your money...
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