Nephew, friend held for stealing Rs 28 lakh from 105-year-old

TNN
November 10, 2018

Bengaluru, Now 10: Residents of a Bagalkot village were surprised when two local youths turned spendthrifts overnight. Though jobless and lacking income, the duo binged on costly alcohol, hired cabs even for short distances and tipped lavishly, often up to Rs 100, at hotels and bars.

Mahalinga Yenkappa Malali, 20, and his friend Kallapa Lakkappa Meti, 28, were the most-discussed persons in Sanganatti village of Mudhol taluk. They were taking care of their relative Shivappa Allappa Ullageddi, 105, a landowner who lost his wife in February this year.

The centenarian, who’d no children, had leased out his 30-odd acres of land. Finding it difficult to manage things, Ullageddi sold the land for Rs 35 lakh in June this year and kept the money in his bedroom safe. Ullageddi had requested his younger sister Mahadevamma to send her son to look after him. Accordingly, she sent Malali and his friend, Meti, to Ullageddi’s house in July this year, police said.

The duo’s extravagance raised Ullageddi’s suspicion, who opened his safe and discovered that Rs 28 lakh cash was missing. “I had placed the cash bundles in four rows. The front row was intact. The last two were empty while the third row had only two bundles in it,” Ullageddi told police.

During interrogation, the duo confessed to stealing the Rs 28 lakh cash and returned it. “They had stolen it in October. We recovered Rs 26 lakh; the accused claimed they had spent the remaining Rs 2 lakh,” said police.

Both the accused were remanded in judicial custody and sent to Mudhol prison.

Comments

Joseph Stalin
 - 
Saturday, 10 Nov 2018

Nephew did crime, actually Nephew saved the money. After that ajja's life who will get that money. 

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KT
April 12,2020

Apr 12: The board and management of troubled NMC Healthcare should be held accountable for the financial irregularities, said Abdulaziz Al Ghurair, chairman of the UAE Banks Federation.

"Banks have dealt with the exposure professionally and they lent to a company which was listed on FTSE-100 index with world-class regulator and the world's largest audit firm doing their audit. Even if they present their balance sheet today, people will still lend to them. This is a world-class fraud and the management and board members should be held accountable. We should have a different track to handle this company. It is not a normal track that we can go," Al Ghurair said during a virtual press conference on Sunday.

It is estimated that the more than 80 local, regional and international banks have exposure to healthcare firm. The UAE bourses had asked all the listed companies in the UAE to announce their exposure. The UAE banks last week announced nearly Dh10 billion exposure to NMC Healthcare, which is owned by the billionaire BR Shetty.

Abu Dhabi Commercial Bank has the highest exposure to NMC at Dh3 billion. Dubai Islamic Bank and its subsidiary Noor Bank announced Dh2 billion exposure while Emirates NBD and its Shariah-compliant unit Emirates Islamic Bank revealed Dh747.34 million exposure. Ajman Bank has Dh151.8 million while Al Salam Bank pegged its exposure at Dh161.5 million. All these lenders revealed their exposure for the first time on Sunday.

Abu Dhabi Islamic Bank said it had extended Dh1.07 billion in financing to NMC Healthcare, and an additional Dh113.67 million exposure to Islamic bonds issued by NMC.National Bank of Fujairah pegged its exposure to NMC at Dh289.1 million, while Sharjah-based United Arab Bank said its exposure was Dh135.3 million.

NMC recently revised its debt position to $6.6 billion, well above earlier estimates.

London's High Court last week placed hospital operator NMC Health into administration, on the application of Abu Dhabi Commercial Bank.

"I know leading bank in UAE have already legal guardian of the company so now management cannot hide anything. The new team will manage and discover what happened," said Al Ghurair.

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News Network
April 27,2020

Bengaluru, Apr 27: A 50-year old coronavirus patient allegedly committed suicide by jumping from the fifth floor of a hospital building here on Monday, police said.

The patient jumped from the trauma ward of the Victoria Hospital, a senior police official said.

According to hospital sources, the man, who was admitted with acute respiratory problem on Friday, was also suffering from kidney problems.

This morning, he jumped off the fifth floor of the building, they said.

Further investigations are on, police said.

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News Network
April 29,2020

Bantwal, Apr 29: Two people were injured after the truck laden with poultry feed rammed into the compound wall of after catching fire on Wednesday, at Marnabailu near Melkar.

Police said the injured were the driver and an assistant in the truck. They were admitted to a private hospital at Mangaluru.

However, it is not yet clear whether the truck transporting poultry feed from a company at Kandur caught fire after colliding against the electric pole or with the compound wall.

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