Main accused of multi-crore Global Index fraud nabbed

[email protected] (CD Network, Photos by Savitha B.R)
July 12, 2011

Mangalore, July 12: Mangalore city police arrested the prime accused in a multi-crore fraud case on Monday night and recovered cash and other valuables worth Rs 65 lakh from his procession.

Police on reliable information, nabbed the accused Praveen Shetty (24), near Hotel Grand Meridian, Sheshadripuram, in Bangalore and brought to the city.

Praveen Shetty son of Sadashiva Shetty, a resident of Perdoor in Udupi district, was absconding in Chandighar, Dargiling and Vishakpatna.

City Police Commissioner Seemanth Kumar Singh addressing the media persons here on Tuesday said, with the arrest of Praveen, the total number of arrested in this case increased to five. Four persons Vasantha KD of Sullia, Shekhar Bhat of Belthangady, Ashok Kumar of BC Road and T Koragappa Poojary of Puttur were already arrested.

The fraud had come to light on March 4, when two people, who had invested a huge amount of money with one Global Index Investment Company (GIIC) operating in Mahendra Arcade Complex, Karangalpady here, lodged separate complaints against it at Kadri Police station after realising that they were utterly deceived by the company.

It is said that the company has duped Rs 11 to 12 crore to nearly 2500 people in Mangalore city alone.

Warning

Mr Singh asked the public to be alert when such companies advertise offering highest interest rate for investment. Companies such as Global Index, Nano Forex, Uni Pay to You, SPM Infotech, La-Green Ma, Guru Teak Investment Pvt Ltd duped the public several crores of rupees in Mangalore alone.

He said any such companies cannot offer highest interest rate more than what Reserve Bank of India has fixed. 11 cases in Mangalore East police station, six cases each in Urwa and Surathkal police stations, four in Ullal, one case each in Mangalore North, Mangalore South and Urwa Police Stations have been registered. 11 accused have been arrested in all the cases.

He also requested the public to inform police department if such companies or any firm comes up luring huge profit.

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Media Release
May 6,2020

Mangaluru, May 6: The Kanara Chamber of Commerce and Industry has urged the government to consider erstwhile undivided Dakshina Kannada (now DK & Udupi) as one unit for the purpose of movement of people. KCCI president Isaac Vas has written a letter to Karnataka chief secretary T M Vijay Bhaskar in this regard. 

Mr Vas said: Even though the erstwhile Dakshina Kannada district was bifurcated in 1997 for administration purposes, the two districts are actually an urban agglomeration with most of the population residing in suburbs/towns. Office Staff, technical crew and labour of many industries reside in either district and commute daily for work within an efficient transport system.

The present restriction on Inter-district movement in view of the Lockdown is hindering the kick starting of industries and commerce. Workers are deprived of their livelihood and Industry and business owners are finding it challenging to move forward. To add to this, the migrant labour is moving back to their native places further aggravating the situation. Many Industries and Commercial establishments have requested us to take up this matter with the government, he said.

“Hence, we kindly request you to consider these two districts as one geographical area for the movement of people and private vehicles,” he said adding that this would facilitate movement of people for employment and business in either districts of Dakshina Kannada & Udupi.

He pointed out that Bangalore Rural, Bangalore Urban, Ramanagara, Chikkaballapur and Kolar are considered as a single unit as per your order No. RD158/TNR 2020 dt 03/05/2020 (Clause 2(a)).

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News Network
May 16,2020

Kalaburagi, May 16: Former Karnataka Minister Dr Sharanprakash Patil, who was booked for violating COVID-19 imposed lockdown guidelines said on Friday that it was "politically motivated".

"It's politically motivated, the officer who filed the case was forced by MLA or some other people. As elected representatives, we're going in the constituencies, listening to people as they're apprehensive about the return of migrants. We had not conducted any meeting. Wherever we have gone we have followed social distancing," Patil said.

Patil said, "When I had gone there people came to discuss about a local problem and I was talking to an official concerned. In the meantime, some officer gave a complaint that we have violated the lockdown or something."

"They are trying to curb the voice of opposition because there are a lot of lacunae. We hear complaints about quarantine centres that there is no proper facility for food, or stay, or bathrooms," the Congress leader said.

The FIR was registered on Thursday against 23 persons, including the former MLA and 21 local Congress leaders, under Section 188 (disobedience to order duly promulgated by a public servant) of the Indian Penal Code (IPC).

Congress leader Patil and his followers had conducted a meeting at a convention hall in Sulpeth town on May 13, following which sectoral magistrate Muneer Ahmed lodged a complaint.

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News Network
June 16,2020

Bantwal, Jun 16: Two unmarred siblings committed suicide by self-immolation at Sangabettu in Bantwal taluk of Dakshina Kannada last night.

Neelayya Shettogar (42) and his sister Kesari (39) poured petrol on themselves before torching themselves at around 11 p.m. on June 15 inside a room of their house, police sources said. The siblings were reportedly facing health problems.

Neelayya's brother and latter’s wife were sleeping in the other room of the same house when the incident took place. They came to know only when they heard the screams of the duo.

Even though the siblings were rushed to the government hospital at Bantwal with the help of locals, the doctors declared them dead.

Bantwal rural police sub-inspector, Prasanna and staff visited the spot as part of investigation.

Comments

Mohammad Mansoor
 - 
Tuesday, 16 Jun 2020

Very sad. What happening to our youths. Are they going crazy or the mountain fell on them?  Why do our people are becoming so coward? I think many are going under depression. Govt should set up rehabilitation/counselling centres in each Mandals/Taluks/Districts to treat such people.

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