Cheater couple remanded to police custody

March 10, 2011

couple

Mangalore, March 10: A Surathkal based couple, who were arrested in connection with a major fraud case, were remanded to police custody for five days by a local court.

Mayyaddi (62) and his wife Zubeida (52), who amassed wealth worth crores of rupess by cheating people through a finance enterprise, were caught by Mangalore police last Sunday.

According to the police, the accused have borrowed around Rs 60 lakhs by mortgaging 3 kg gold in private financial firms and cooperative societies in Kulai and Surathkal. Receipts of various banks have been recovered from the accused.

The couple, who started a finance enterprise in October 2010, had managed to convince people with promises that the amount or gold deposited in their establishment will be doubled in a short period.

They were distributing promissory notes and cheques to customers as a token for their deposits.

In the beginning, the duo had paid interest to the depositors. However, the couple were found missing for the last few days.

Several complaints have been filed at the Surathkal police station against the couple.

Shavina Begam of Krishnapura had stated in her complaint that she had deposited Rs 1 lakh with the couple. While Balqees deposited Rs 6.5 lakh, Shabana put Rs 2 lakh and 320 grams of gold with the couple.

Zohara had deposited Rs 4.5 lakh and 240 grams gold. While, Kamaru Banu gave Rs 3 lakh and 588 grams of gold. Similarly, Habiba of Krishnapura had deposited Rs 2.65 lakhs and 245 grams of gold with the couple.



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Now that the pandemic has struck, the government is focusing only on not letting anyone starve to death.

A three-level preparation has been made -- at the village level, Taluk level and the city level, the minister said.

Village anganwadis have been stuffed with food items to be cooked for the needy, whereas in Taluk level, government hostels have been turned into shelters for the labourers, he said, noting that lakhs of philanthropists in cities have come forward to feed the people from unorganised sector.

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A decision will be taken in this connection by the government in the next two days, to provide assistance to small enterprises to keep them afloat.

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