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
As he is journalist, he might have some sense.
We Muslims have the guidance from our prophet (Peace be upon him) in all aspects of our life.
Kuffar of Makkah, Taif have hurted him, troubled, though suffering lots of troubles he has set example of not retaliating them. He has slowly convinced what is true message, what is truth in it.
As he is journalist, it is not difficult to convince him the message of Islam. Usually most of the journalists are brave and they remain strong with truth. He is also from Kodagu. Try to meet him and debate with him on Islam. If Allah bestows him Hidayat, he might understand true message of Islam and accept it. We have example of Omer Bin Khattab - may Allah pleased with him.
"Madiddunno maaraaya" gaade maathu tilidirabeku
still 80% majority dogs in forest think that 17% lion will kill them one day..he is scared now!!!LOL
dont hurt any religion, all are good but people who become manager of god are very vrey bad.
if you want to do money, do in good way not by spilling venom about other religion. even if road cleaning also, that you will earn respect in front of GOD.
Assure God faith peace loving people will never do such threats. This is pre-plan and this fellow was tapped in the net. Now facing life threat by his in house people. This is their HQ conspiracy to destabilize the las and order and innocent publics normal life. After their god fther recent city visit their groups noted leaders are now in full pledge with their criminal mind set. All peace loving Kannadiga including Mr.Thammaiah and his family has to be carefull.
Such criminl incidents will appear more and more till 2019 election.
If you are a true follower, Nobody can hurt religious sentiments. Unwanted issue. He should be released. and he need protection also
He should be punished properly. He hurt religious sentiments and some media supported to that. They hid real facts.
Fake. Media worked for him. Now he cooked up new story
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