'Suitor' on matrimonial website dupes widow of Rs 43 lakh

February 18, 2015

Mumbai, Feb 18: A widow from Dongri was cheated of her life’s savings by an unscrupulous man posing as a suitor on a matrimonial website. The victim realised she’d been duped only after the accused man stopped taking her phone calls, after having taken more than Rs 43 lakh of her money. The case has been registered with the Dongri police.

widow dupedAccording to the police, the 42-year-old woman, a nurse by profession, lost her husband in 1996. He used to work in the Merchant Navy and died when his ship sank. An officer from the Dongri police, requesting anonymity, said, “Since the time her husband died, she wished to marry again.

So, after consulting her 21-year-old daughter, she posted her profile on a matrimonial website in February 2014. By the end of that month, a man posing as one Henry Young Smith struck up a conversation online.” The duo exchanged phone numbers and began talking on the phone.

The complainant, in her statement to the police, said she had grown emotionally attached to Smith. By the end of March, Smith began asking for financial help saying his mother was admitted in hospital. “The accused claimed he was originally from UK, but had recently shifted to the US due to work issues.

The first transaction took place on March 29, 2014 after he claimed his mother was serious and admitted to the ICU. The man said his cash was in possession of his business partner, and that he would return the victim’s money as soon as he got it,” the officer said.

The accused continued to extract money from the unsuspecting woman and till November 15, 2014, the victim had transferred Rs 43,42,129 through 16 different transactions. “Smith either took money on the pretext of his mother’s illness, or saying he had lost his ATM card. Thinking it was an emergency, the woman helped him.”

The nurse realised she had been cheated when she asked for her money and even called him to meet her in Mumbai. However, Smith started ignoring the woman and stopped receiving her phone calls. The victim then approached Commissioner of Police Rakesh Maria, who sent her application to Dongri police station.

After police made initial inquiries, they registered the case on February 7. The woman also told the police she had no money left. Neetu Tayade, assistant police inspector and investigating officer in the case, confirmed said, “We sent letters to the banks from where she transferred her money.

We are investigating the case and trying to trace the accused who has been duping women across the city.” The accused has been booked under Section 420 (cheating and dishonestly inducing delivery of property) of the Indian Penal Code, along with Section 66D of the Information Technology Act.

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News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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News Network
April 16,2020

Bengaluru, Apr 16: With two more people testing positive for COVID-19 in Karnataka, the state's corona cases count has reached 279, including 80 discharged and 12 deaths, said the government on Wednesday.

A total of 19 corona cases were confirmed in the state on Wednesday. 17 cases were reported earlier in the day, of which 15 are male patients and two are female. Of the 17 cases, nine are workers of a pharmaceutical company in Mysuru, the government stated.

Meanwhile, a 65-year-old from Chikkaballapur, who had tested positive for COVID-19, lost his life this afternoon.

"He was referred to a Bengaluru hospital with complaints of H1N1 positive, chronic obstructive pulmonary disease with obstructive sleep apnea and a past history of diabetes and hypertension," the government said.

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News Network
April 12,2020

Bengaluru, Apr 12: Cheif Minister BS Yediyurappa on Sunday paid homage to Legendary Kannada actor Dr. Rajkumar on his 14th death anniversary.

Yediyurappa shared a poster of Dr Rajkumar on his Twitter with a caption, “We pay homage to Karnataka Ratna Dr. Rajlumar on his death anniversary. Let us keep the unique service rendered by Dr. Rajkumar through Theater and movies. ”

Let us keep the unique service rendered by Dr. Rajkumar through theater and movies. ”

Dr Rajkumar is one of the greatest actors in the history of Kannada film industry and is known as a legendary actor in Sandalwood. He has acted in more than 200 movies and has a huge fan base even after his demise.

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