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
Ya ya rightly said bopanna...90% of rapes world wide done by them only ..mustapanna ...piece kabab country kananna adu ...
Third rated person from third rated community ...he must be sent for 5 years jail...in their community women are treated as property ...no voice and no respect for opinion ...jail that rapist ..ley sheikh koorappa saaku ...u don't have any rights to say that. .....frustration yaargappa sameee...jihadists are highly frustrated across the globe ...India dallanthu ..burnol sales day by day jaasthine agtha ide...Russians are banging kaali plate of Islamic state ...Islamic banana republic of porkistan are banged up by RAW ,Chinese are banging third rated in people and asking them to shave their beards ..turkey itself getting banged front and back ...no need to say about Israelis ..haha ..Israel hesru helidre ...loose motion suru Agathe jihadi galige ..haha ..adu bidi maarre ...papa the Jana Myanmar navaru jihadi gala attahaasavannu end madlikke rohingya galanna odistha iddare ..mostly bunder nalli iro bunder galige artha agalla ..yaake Andre avakke tale ne tirgalla ..tale yaake tirgalla Andre mallya juice haakalla ...haha...baa maams siddu has brought down on tax on wine...neenu hodi .sheikh GU haaksu ...burnol ge haako dudnslli swalpa karch maadi aitha ?...haha
.... But still, islum has more rapists and thrives per 100 of population .....
Aslum gussa mat Ho ! Islam is full of peas ! Happy ?
Bopanna,
Just shut your mouth, in each religion, each city, each country there is good and bad people, it doesn't mean what you barking!! Senseless fellow...
At what age did wish a get married ?
BhaiLog, sach kadva hots hai.
Why u lot barking when u hear the truth ? Look at most rapes who is behind it ? In Kerala one girl killed by whom ? ANWAR UL ISLAM !!!
Bopanna is your name is named by your parents? or r u shamed of your name which your parents named you and you changed yourself? Dont be shamed show your identity so all can know wich material ur made up from.. May god give you some knowledge and peace.. follower of frustated party... haha
Bopanna: be matured, go through all the crime incidents and please dont try to climb for religious status. Mr Bopanna(its not your real name) might you are working and getting salary from religious of peace people's country) why cant you get out from KSA??? BE WELL MATURED BEFORE COMMENT.
@Bopanna. If you judge a BMW car by the driver of it, then your perception is not correct.
follower of piece is namo naresh !
The minute I read the heading I was thinking that this guy must be the
Follower of the \religion of peace\". As expected from you guys anyway"
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