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
Mr. Udbhav,
Please mind your own business, we are demanding a flag for whole state not for any extremist group like shivasene.
Religion, : Everyone should know clearly about the basic of religion.
1)What is religion,
2)Why is it required.
3) What will happen if not followed it.
1) The religion is not invention of mankind. It is set of instructions prescribed by the creator of this universe.
2) It is required how to lead the entire in this world. Also to succeed in other part of the life which is after the death.
3) If not followed, the God should say clearly what is the consequence of violating its teaching.
It is mostly believed by most of the religious people.
the question is which is the right religion.
People might think is there another life after this life. Yes definitely there is. If not why the God has created this world. He has not created for his fun. there is a strong reason, the people will understand if they really read and understand Quran.
Therefore I strongly believe, no need to make new religion.
Also there can not be more than 1religion. Because all of us believe without any dispute there is only 1God. Then how is it possible to have more than 1religion. This is common sense. But people should have patience, wisdom to find the truth.
study some existing religions.
All of them are not true for the reasons above.
Choose the religion, which is the right religion.
Dare to know and follow it. This is your right.
Please dont react Chaddi Naren...Let him do bla, blaaa, blaaaa...when there is no reaction one day he will stop....wuffff....
Modiji thoda yahan bhi dhyan dijiyoo.... instead of giving attention towards cow issues, 3 talaq issues and Women rights in Islam could you please turn towards to improve the quality of Indian Airlines..During the rainy season, to travel by AI or Indian Airlines means, feeling like we are going to committing suicide.
The more someone hate Islam, Islam grows more ,
Alhamdulillah
viren dont b upset ,your statistics are wrong , b a truthful and NIA is busy now wil try later
Every state should have its right to practice whatever deems to be right for them.
Nobody should impose, dictate to say what should they choose for
Food habits, eat, drink, practicing religion, language, etc.,
IT is their right. They have free choice as long as it does not hurt others.
Flag is not a big issue. It can be a symbol of identity.
This man is talking exactly like our Eshwarappa. These people became leaders not on merit, it is at the cost of stupidity of their followers.
Innalilahi wainna ilaihi raajivoon..
A big shock, and unbelievable news.
'Ya Allah' grant him place in jannah Aameen...and grant him magfirat and sabr for his family members..
Exactly Viren...its not a big loss for Hindus
But its a proof that Islam continues to be fastest growing religion
In school assembly they tell us to say...
All Indians are my brothers and sisters... then why we marry Indians.
Teaching us wrong things..
That's why Rajiv Gandhi married a foreigner. But why did Modi married a Indian women.
Masha Allah..... May Allah give Hidaya to Viren Kotian....
Hinduism is fast growing religion in the world or terrorists growing rapidly in Hinduism, please make sure what you have written is correct and in conscious stage?? Apart from India where you can get the majority of your religion viren.. be matured and talk sensibly!
ALLAHU AKBAR FOR GOOD NEWS..SUBHANALLAH
FIRST TELL THEM THE MEANING OF IT. WHICH GOES AGAINST ALL RELIGIOUS BOOKS
Dear Viren,
This is not a fake religion or man made religion.
ISLAM is the TRUTH
YOU should verify by all means to know the TRUTH.
QURAN is a guidance to MANKIND not just Muslims.
Not just indians thru out the world ISLAM will grow day by day...
It is not acceptable in ISLAM to force anybody to become muslim. ALLAH knows what is in our HEART.
Muslim means one who submits to the will of God ALLAH.
There is no God but ALLAH and Muhammad is the messenger of ALLAH who conveyed to Worship One God ALLAH.
Allahu Akbar. If they kill one, Allah(swt) replaces with 13! You plan, but Allah(swt) too plans, and HE is the Best Planner.
Good thinking.
When you are thinking of new religion, don't hurry.
The selection of Religion should have valued criteria and basis.
Otherwise it has no meaning.
What is the religion, not by changing name, temple. You are not dictating the religion. The religion is dictating your entire activity of the life from creed to grave.
The religion is a guidance from the God. You have to search for the right thing around you, which is already existing. When you believe in God, you should also believe the God has sent you guidance to you. It is your duty find where is that guidance.
You don't need to invent the wheels. Just look for the right thing already available around you.
Also please don't look into the people of any group, study its ideology. There are many people who represent the religion but they don't know what to covey and reach it.
May God help and guide properly.
May Allah rest Brother Bashus soul in peace.
Add new comment