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IMA ponzy scam: Investors write to PM Modi, seek FIR under central law

News Network
October 1, 2019

Bengaluru, Oct 1: Unsatisfied with the CBI investigation into the I-Monetary Advisory ponzy scam, several investors have written to Prime Minister Narendra Modi, seeking registration of cases against the firm under Banning of Unregulated Deposit Schemes Act, 2019, a central legislation.

According to them, CBI, which had taken over investigation from the special investigation team (SIT) constituted by the state government, filed a chargesheet where the FIRs are neither registered under the Karnataka Protection of Interest of Depositors in Financial Establishments (KPID) Act, 2004, nor under the central law.

'We, the victims of the scam by IMA and its subsidiaries, request you to issue guidelines to CBI to register the FIR under Banning of Unregulated Deposit Schemes Act, 2019," IMA investors said. They claimed the central law is superior to that of KPID Act, which they were told is being invoked by CBI in its FIRs.

The new law is more stringent as it has been incorporated by amending various Acts, including RBI Act. If the complaints are received from more than one state, CBI gets jurisdiction to investigate the matter. Gazetted on July 31, 2019, the new law took effect from February 21, 2019 when the ordinance was issued.

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News Network
April 26,2020

Mangaluru, Apr 26: After directions from Karnataka government, migrant labourers are being sent to their native villages in batches by hiring as many as 60 buses.

Divisional Controller of Mangaluru KSRTC Division S N Arun said on Sunday that 100 buses from Mangaluru and Puttur ferried stranded labourers on Saturday. Buses were disinfected before the journey.

Buses also left from Dharmasthala, Bantwal, Puttur and Sullia to different destinations. In adherence to social distancing rules, each bus left with 20 to 22 labourers.

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News Network
April 12,2020
Mangaluru, Apr 12: The spread of COVID-19 in the country has been contained through the prompt, effective and timely measures taken by the Centre, BJP Karnataka president and Dakshina Kannada MP Nalin Kumar Kateel said on Sunday.
 
The Centre brought in stringent regulations including the lockdown at the right time and ensured that the pandemic did not spread rapidly, he told reporters here.
 
Kateel inspected the railway coaches which have been converted into isolation wards for infected patients at the central railway station here.
 
He said 20 out of the 32 railway coaches re-designed into wards by Southern Railway's Palakkad division, will be stationed here.
 
The wards are equipped with necessary medical equipment and facilities for doctors and paramedical staff.
 
Kateel said Prime Minister Narendra Modi has shown how such difficult situations need to be handled.
 
The lockdown was announced in time so that coronavirus spread was checked and all the central departments carried out their works efficiently to monitor the situation, he said.
 
Mangaluru South MLA D Vedavyas Kamath was also present.

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News Network
January 3,2020

Mangaluru, Jan 3: Mangaluru police arrested another person on charge of spreading communal hatred through messages. The accused have been identified as Abubakkar Siddique (48).

"One Abubakkar Siddique has been arrested in connection with a case for spreading communal hatred through inciting messages," said Dr PS Harsha, commissioner of police, Mangaluru.

On December 31, Police have arrested one person, Moideen Hameez, on charge of spreading communal hatred through social media.

The Mangaluru city police on Monday served notices to a few persons for posting inflammatory messages on social media.

The Cyber Crime police have summoned the accused persons to appear before it on January 2.

"Action against miscreants spreading communal hatred on social media underway in a major way. A dedicated team of cyber experts is keeping a hawk's eye on anyone fomenting communal disharmony anywhere on the internet," Harsha said in another tweet.

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