Teenagers snatch chains to become cricketers, arrested; gold worth Rs 27 lakh seized

coastaldigest.com web desk
July 10, 2018

Bengaluru, Jul 10: Two boys, who had aspired to become national level cricketers, were arrested by the South division police here for allegedly snatching chains to raise money for coaching.

The accused have been identified as Naveen Shetty, 19, a resident of Lingarajapuram, and Bala Kumar, 19, from Kanakadasa Layout.

In fact they were in need of mere Rs 30 thousand to get coaching. With the first chain snatching attempt becoming a success, the duo went on to rob 22 people and got valuables worth Rs 30 lakh before they were caught by the police on Sunday.

The police have recovered Rs 27 lakh worth of gold ornaments from the duo. The Jayanagar police, who arrested the accused, claimed to have solved 22 cases of chain snatching registered in different police stations in the city.

The accused, to get enough money for cricket training and cricket kit, took to chain snatching on a bike which they had stolen eight months ago. Naveen and Balkumar, who were friends since their school days in Tumakuru, had dropped out of school, the police said.

Balkumar worked at a television shop and was a part-time cook at a hotel, while Naveen drove an autorickshaw. Though they were pursuing different jobs, they shared the dream of playing cricket for India.

The duo, who wanted to join the Indian cricket team as openers, approached the Karnataka Institute of Cricket and inquired about the fees. The accused were told that they need to deposit Rs 30,000 every year besides paying for cricket kit. Let down by the hefty fees, the duo started watching others play on the ground for days when they shared their desire with one of their friends who advised them to take a shortcut to earn money. He told them to take up chain snatching as it was easier than other crimes. Once started, the duo never stopped, the police said.

Once they got involved in chain-snatching, they forgot their cricketing dream and turned into full-time criminals. They wore leather jackets and put on red and black helmets to target lone women, the police said.

Recently, the accused had robbed a woman near Brindavan Park in Jayanagar when a police constable Srinivas spotted them trying to escape on a bike. Srinivas informed the police station following which nakabandi was put in place.

The constable chased the accused on his bike and eventually hit their bike near NMKRV College. As the accused fell off their bike, the police arrested them. During the interrogation they confessed to snatching the chain near the park and also opened up about other cases.

Comments

Suresh
 - 
Tuesday, 10 Jul 2018

Exactly Farooq and Ramprasad. +1

Farooq
 - 
Tuesday, 10 Jul 2018

Victim of a corrupted system. If BCCI not doing backdoor entry to national cricket team then this guy wouldnt do such crime

Ramprasad
 - 
Tuesday, 10 Jul 2018

Indian cricket team selection committee/board equally responsible for the crime. They are taking money for the selection and they are doing back door entry also. Talent, without money cant survive.

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coastaldigest.com web desk
January 3,2020

Mangaluru, Jan 3: A young entrepreneur reportedly jumped off the Netravati bridge near Thokkottu on the outskirts of the city today morning.

The youth who allegedly committed suicide has been Navesh Kottari, 30, a resident of Ullalbail. He was the proprietor of N J Shamiyana.

The incident took place at around 6:30 a.m. Police and fire brigade rushed to the spot after sometime and launched search operation for the body in the river Netravati.

The body was retrieved in the afternoon.

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News Network
February 17,2020

Abu Dhabi, Feb 17: NMC Health Plc, a hospital operator targeted by short-seller Muddy Waters, said founder Bavaguthu Raghuram Shetty resigned amid investor concern he faced a margin call and misrepresented his stake.

The board asked for Co-Chairman Shetty’s resignation and it takes effect immediately, according to a person with knowledge of the situation. NMC has lost four board members since Friday, including Vice Chairman Khaleefa Butti, whose holdings are also being probed. The stock, the worst performer on the FTSE-100 Index this year, fell as much as 9.2 percent Monday morning and then rebounded.

“The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi, an analyst at Rasmala Investment Bank in Dubai. “The credibility of the current board has been jeopardized with the unfolding of the recent events.”

NMC shares lost almost half their value the first week of February on speculation the company’s main investors faced a margin call, in which banks seize shares pledged as collateral. NMC said Friday that First Abu Dhabi Bank and Al Salam Bank Bahrain obtained 20 million shares in the company from BRS International Holding, an investment vehicle of NMC’s top shareholders. The banks sold more than 8 million of those shares as “enforcement of security,” NMC said.

NMC operates the largest medical network in the United Arab Emirates and in 2012 became the first Abu Dhabi company to list in London. The shares started teetering in mid-December when Muddy Waters alleged that NMC manipulated its balance sheet and inflated the prices of companies it acquired.

Shetty, 77, was born in India and founded NMC in the 1970s after moving to Abu Dhabi. His spokesman said a legal review of the situation is ongoing and declined further comment.

Chief Investment Officer Hani Buttikhi and board member Abdulrahman Basaddiq also stepped down because they were appointees of Shetty and Butti, NMC said, adding that they had no knowledge of the share transfers.

Questions remain over the role of Shetty’s family at the company. His wife and son-in-law both hold roles in senior management.

Almost 10 per cent of NMC’s freely traded shares are shorted, according to Markit Securities data. In mid-December about a third of them were.

Last week GKSD Investment, an investment company backed by hospital investors, said it’s studying a possible offer for NMC. Under U.K. takeover rules, it has until March 9 to make a bid.

NMC has said Muddy Waters’s claims are false and the company hired former FBI Director Louis Freeh to conduct an independent review. The review is due to be completed before the company issues its financial results in March, the person said.

NMC said Mark Tompkins will continue as the company’s sole chairman.

Comments

sunita kejriwal
 - 
Monday, 17 Feb 2020

BRS could not fool all the people all the time!

 

Bhakth
 - 
Monday, 17 Feb 2020

Illegal way of earning will not last for long. 

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News Network
June 8,2020

Shivamogga, Jun 8: Tyavarekoppa Tiger and Lion Safari in Shivamogga re-opened on Monday at 9 am.

Zoo authorities said that they are ensuring that all standard operating procedures are being followed, including ensuring social distancing and wearing of masks by visitors.

It is being ensured that pairs of birds are being kept inside enclosures.

Regular sweeping and spraying on the premises are also being taken care of, authorities said.

Floor markings have been made at the ticket counter to maintain social distancing.

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