FIR registered against SBM head cashier

December 8, 2016

Bengaluru, Dec 8: Central Bureau of Investigation has registered an FIR against head cashier of State Bank of Mysore, Kollegal branch and others. The accused is Parashiva Murthy.

sbm
A source said that Parashiva Murthy is the custodian of currency chest of SBM's Kollegal branch. He had entered into a conspiracy with a few other bank officials and public servants and exchanged demonetised old notes. A preliminary enquiry has revealed that he disbursed new notes to the tune of Rs 1.51 crore between November 11 and 13 for pecuniary gains for himself. He had allowed the exchange of old currency with Rs 100 notes to some selected individuals without obtaining an application for exchange with proof of ID or approval of the branch head.

The demonetised currency received was thereafter deposited into the currency chest of the branch along with the other old cash disguising it as genuinely exchanged currency.

He has been booked under IPS sections 120 (b), 409, 420 and sections 13 (2) and 13 (1) (d) of the Prevention of Corruption Act.

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News Network
October 29,2024

Bengaluru: Following allegations by a section of farmers from Vijayapura district that their lands were marked as Waqf properties, Karnataka Chief Minister Sidddaramaiah on Tuesday said none of them will be evicted, and notices issued to them will be withdrawn.

"No farmer will be evicted from their land. Yesterday Revenue Minister (Krishna Byre Gowda), M B Patil (Industries and Vijayapura district in-charge Minister) and Waqf Minister Zameer Ahmed Khan have jointly said that no farmer from Vijayapura will be evicted from their land," Siddaramaiah said.

Speaking to reporters here, he said in case notices have been issued to farmers, they will be withdrawn.

Responding to a question that similar notices have been issued to farmers in Yadgir and Dharwad districts too, the CM said: "I will ask the Revenue Minister to look into it, nowhere farmers will be evicted."

Seeking to clarify "confusion" over 1,200 acres in Honavada of Tikota taluk being marked as Waqf property, M B Patil had recently said it was due to an “error” in the gazette notification.

He also had said only 11 acres out of the 1,200 acres are Waqf properties, and a task force headed by the Deputy Commissioner will be formed to resolve the issues.

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News Network
October 31,2024

Bengaluru: Karnataka Chief Minister Siddaramaiah on Thursday alleged that BJP was raking up the "Waqf issue" with an eye on the upcoming assembly by-polls in the state and elections in neighboring Maharashtra.

Following allegations by a section of farmers in certain parts of the state that their lands were marked as Waqf properties, he reiterated that none of them will be evicted, and notices issued to them will be withdrawn.

"BJP is doing politics. Notices were issued during their (BJP) tenure too, what do they have to say about it? During BJP's tenure over 200 notices were given. One should not practice such dual politics," Siddaramaiah said.

Speaking to reporters here, the CM said, "I have already said that the notices will be withdrawn, where is the issue? In case the notices are issued they will be withdrawn and no one will be evicted, where is the issue?" "Whichever district it is...They (BJP) had also given notices in several districts. Why did they give? Why are they doing such politics? In case notices were served by our government, they will be withdrawn and no farmers will not be evicted....the protest they have planned on November 4 is for politics keeping in mind by-polls in three segments and Maharashtra elections," he added.

A section of farmers from Vijayapura district have alleged that their lands were marked as Waqf properties, and similar allegations have surfaced from a few other places.

The BJP is planning a statewide agitation on November 4, demanding the resignation of Minority Welfare and Waqf Minister B Z Zameer Ahamed Khan, and against the Congress government over the issue.

Accusing the BJP of only doing politics and and not speaking the truth, Siddaramaiah said, "they only speak lies, they make issue out of non issue. Is there any issue in MUDA (site allotment case, in which he is accused and facing probe)? They wanted to make a non issue, an issue." Channapatna, Shiggaon and Sandur Assembly segments will go for by-polls on November 13.

The CM said he will go for campaigning in three assembly segments that will go for bypolls, from November 4 to 11.

He expressed confidence about Congress winning all the three segments.

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News Network
October 22,2024

Mangaluru, Oct 22: A Mangaluru resident has fallen victim to a ₹20 lakh scam after being lured into a fraudulent investment scheme by individuals posing as representatives of J.P. Morgan India. The case, filed at Kadri police station, highlights the growing threat of investment fraud in the region.

The victim, whose identity has not been disclosed, was contacted on September 24 by a man named Vishwanathan, who falsely introduced himself as the Chief Investment Strategist for J.P. Morgan India. Shortly after, a woman named Neeta Sharma reached out, using multiple phone numbers to convince the victim of her association with the prestigious financial firm. She shared a company link and urged the victim to invest ₹20 lakh, promising high returns.

On October 14, after being convinced by Neeta's claims, the victim transferred ₹20 lakh to the fraudulent account. Following this, Neeta instructed the victim to purchase 1,000 shares at ₹240 per share, which he did. The next day, she advised buying 7,900 more shares at ₹250.95 each, further strengthening her false credibility.

However, trouble arose when Neeta told the victim to withdraw the invested amount. Instead of receiving the full sum, the victim was sent only ₹1,500, transferred from an unknown account. When questioned, Neeta could not provide a clear explanation for the discrepancies.

Sensing the deceit, the victim demanded a full refund of his investment. Neeta, however, brazenly asked for an additional ₹4 lakh, prompting the victim to realize the extent of the fraud. He then filed a formal complaint with the Kadri police.

This incident serves as a critical reminder for the public to remain vigilant against fraudulent schemes, particularly those involving investment promises from unverified sources. Always ensure that you verify the legitimacy of financial institutions and representatives before transferring funds. 

The Kadri police are investigating the case and have urged the public to stay alert and report any suspicious investment schemes.

Tips to Protect Yourself from Investment Scams:

1.    Verify Credentials: Always cross-check the credentials of anyone claiming to represent a reputable financial institution. Use official contact information from the company's website to verify.

2.    Be Skeptical of Unsolicited Offers: Be cautious of unexpected investment offers, especially those that promise unusually high returns.

3.    Conduct Thorough Research: Before investing, investigate the company and the proposed investment thoroughly. Look for reviews, ratings, and any red flags.

4.    Report Suspicious Activity: If you suspect a scam, report it immediately to local authorities or financial regulatory bodies to prevent further fraud.

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