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
EVM or VVPAT all under bjp criminals control. For a fare and mandate only BALLOT sytem is the rigth option. Who ever it may be win,no matter we all need a fare system. Each area wise ellection commission must decalre no.of voters list to all party leaders and each poling booth ONE representative of each political party allowed to verify the name of voters and no moblie phone or electronic device allowed them to carry. After election, strong room to be sealed in front of candidate with their signature on the strong room seal. Security to be included with district police;CSF and BSF members. A limited member of each politcal part to be permitted to watch with a specified distance. A fire brigade unit deployed souround the building with advnaced rifle. And their position should not mingled with other security personals. No public gathering allwoed to move around area or permitted to gather. Counting day strong room unsealed after a thooughly
inpseciton of the whole building. These are the main procedures electioncommission must implement.
Ballot box tranportation to under BSF vehicle Befor moving representative of each party permitted to inspect the vehicle. Whether any dirty game set up by the note anti India criminals.
Before 2019 election, all peace loving INDIANS must stand toghether demand or force election commission to implement the best security procedure like above.
Today fake voters least proved in MP and this diecease may spread all over INDIA very soon by the criminals.
So be care full and start the ground work at the earliest.
Last election result of South Kanara & Udupi was a pre planned EVM tampered result.
Very next day of the election few sold channels are came out with some dirty comments in favor to one particular party. From last 4yrs we all Indians observing.
Jai Hind!
Go ahead Mr. Lobo, lets begin from Mangalore.
Yes Mr. Lobo is absolutely correct.
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