Bengaluru: ED arrests builder for cheating investors to the tune of Rs 526 crore

News Network
January 13, 2023

Bengaluru, Jan 13: The Directorate of Enforcement (ED), Bengaluru, arrested builder Mahesh Bhupatkumar Oza, head of the Karan Group Builders and Developers-Mumbai, on Tuesday. The Prevention of Money Laundering Act (PMLA) special court granted his custody for 10 days.

A case was registered against Oza under the PMLA in a fraud and cheating case involving over Rs 500 crore. Multiple cases were registered against him across Karnataka in connection with the fraud and the cheating in real estate projects.

The Criminal Investigation Department (CID), Bengaluru, which had taken up the case, had arrested Oza and he was lodged in Central Prison, Parappana Agrahara.

During the investigation, the officials found that the complainants had invested around Rs 526 crore in different real estate projects undertaken by various groups and individuals. Subsequently, this amount was siphoned off by showing it as to be paid to various persons and collecting cash and commission in lieu of bank entry.

The investigation further revealed that out of the total investment of Rs 526 crore made by the complainants, bulk of the investment of Rs 121.5 crore was made for a real estate project undertaken by Karan Group Builders and Developers.

This amount received for the real estate projects was routed through various entities and subsequently diverted by Oza through another network of entities and people. Investigation is on.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 28,2024

Mangaluru: The upcoming assembly session at Suvarna Soudha, Belagavi, scheduled from December 9 to 19, will primarily focus on addressing issues pertaining to North Karnataka, according to Assembly Speaker U T Khader. "While the main emphasis will be on North Karnataka, concerns from other regions will also be part of the discussions," he clarified.

Speaking to reporters at the Circuit House in Mangaluru on Thursday, Khader shared that a meeting of the Business Advisory Committee had been convened, with the Chief Minister, Leader of the Opposition, and other key figures in attendance to ensure effective deliberations during the session.

"The session was initially planned from December 9 to 20. However, it was later decided to conclude it by December 19, as the All India Kannada Literary Convention is set to begin on December 20 in Mandya," Khader explained.

When asked about the process for discussions in the Assembly, Khader assured, "Discussions will take place according to the established rules."

The Speaker also highlighted his participation in various international conferences. "As Speaker of the Legislative Assembly, I have consistently sought opportunities to represent the Assembly at overseas conventions. I am pleased to announce that I will be attending the International Peace Conference in Vatican City," he said. "It is an honor to participate as a representative of the Mangaluru constituency and as the Speaker of the Assembly."

In response to questions about government grants, Khader remarked, "Grants do not come automatically. MLAs must actively follow up with the relevant authorities rather than simply complain about the lack of grants in their constituencies."

Addressing the tragic incident of three students drowning at a resort in Ullal, the Speaker emphasized, "The Deputy Commissioner has been instructed to enforce strict safety measures in resorts to prevent such incidents in the future."

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 22,2024

bjpprotest.jpg

Bengaluru, Nov 22: For the second day running, the Karnataka BJP on Friday staged a statewide protest condemning the government’s alleged move to notify land of farmers as Waqf property.

The BJP staged a protest before the offices of Deputy Commissioners at district headquarters.

The BJP leaders are vehemently demanding that the state government cancel a 1974 Gazette notification in this regard.

The agitators are also demanding scrapping of the Waqf Board and the resignation of Chief Minister Siddaramaiah and Minister for Waqf and Housing Zameer Ahmad Khan.

The BJP MLAs, MLCs, MPs gathered in the premises of Freedom Park and staged a protest under the leadership of Leader of Opposition R. Ashoka and slammed the state government.

MLA T.S. Srivatsa led the protest in Mysuru and hundreds of party workers and farmers staged the protest under the leadership of former MP Pratap Simha in Kodagu.

Former MP Sumalatha Ambareesh led the agitation in Mandya.

This was the first time that Sumalatha took part in the party’s programme after the Lok Sabha elections.

State President B.Y. Vijayendra claimed, “The Congress government in Karnataka is issuing notices to farmers claiming the ownership of their lands to the Waqf Board and pushing them on the streets overnight.”

In the first week of December, three teams formed by the BJP will travel across the state and record the grievances of farmers.

“The state government is attempting to snatch away the lands belonging to temples as well,” Vijayendra alleged and added that the teams would comprise all senior leaders of the BJP.

Meanwhile, the police have taken Sri Ram Sena chief Pramod Muthalik into custody while staging a protest march to the office of Zameer Ahmad Khan in Bengaluru.

Muthalik along with Hindutva activists was planning to lay siege to Zameer’s office over the Waqf row.

The police stopped Muthalik and requested him to submit the memorandum by reaching the minister’s office in a vehicle. However, Muthalik refused to go with the police and continued his footmarch. The police took him into custody following arguments.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 29,2024

vokkaswami.jpg

Bengaluru: An FIR has been registered against Vishwa Vokkaliga Mahasamastana Mutt seer Kumara Chandrashekaranatha Swamiji for his communally provocative and anti-constitution remarks.

He made the statement during a protest meeting organised by the Bharatiya Kisan Sangh here on Tuesday against notices issued by Karnataka's Waqf board.

Urging everyone to unite to protect farmers and their land, Swami said that a law should be brought in where Muslims community don't have the voting power.

Stating that it should be ensured there is no Waqf board, he said someone taking away someone else's land is not "Dharma".

"...everyone should fight against injustice being caused to farmers...it is said that the Waqf board can claim anyone's land. It is a big injustice...someone taking away someone else's land is not Dharma... So, everyone should fight to ensure that farmers' land remains with them," the seer had said.

However, on Wednesday, Swami expressed regret over his statement, calling it a "slip of tongue".

He said Muslims are also citizens of this country, and they too have voting rights like others.

Based on the complaint by a social worker, the FIR was registered against him on Wednesday at Upparpet police station here, police said.

"We have registered a case against him (Swami) under section 299 (Deliberate and malicious acts, intended to outrage religious feelings of any class by insulting its religion or religious beliefs) of the Bharatiya Nyaya Sanhita," a senior police officer said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.