ED arrests cooperative society director in Bengaluru

News Network
August 27, 2020

ed.JPG

Bengaluru, Aug 27: A director of a Karnataka-based cooperative society has been arrested by the Enforcement Directorate (ED) in Bengaluru on money laundering charges, the central agency said on Thursday.

The man, N Nanjundaiah, was arrested by the agency under sections of the Prevention of Money Laundering Act (PMLA) on Wednesday and he was produced before a local court that sent him to ED custody till September 1, it said.

Nanjundaiah is the director of the Sree Kanva Souharda Co-operative Credit Limited, it said.

The arrest has been made in connection with a money laundering probe linked to alleged "embezzlement" of the funds of the society, it said.

 The PMLA case has been filed on the basis of three FIRs filed by the Bangalore Police against Nanjundaiah in the past.

"Nanjundaiah is the mastermind of the fraud that took place in the said society and had diverted more than Rs 180 crore funds to Kanva group of companies where he was one of the directors.

"Also, loans of huge amount were sanctioned to dubious members of the society without proper surety and security that resulted into huge losses to the society and its bona fide members," the ED alleged in a statement issued here.

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
January 17,2025

abubakaraccident.jpg

Mangaluru, Jan 17: A heart-wrenching accident at Nadupadavu near Kattukodi on the outskirts of the city claimed the life of a young scooter rider this morning. 

The victim, identified as Abubakar Siddiq Razwi (22), son of Moydeen Kunji Bavu and a resident of Nadupadavu, tragically succumbed to his injuries on the spot.

The accident occurred when a scooter traveling from Deralakatte collided with an Ace Tempo heading from Mudipu to Thokkottu.

Abubakar, a final-year student at an Arabic Shariah College in Kasargod, leaves behind a community in mourning. The tempo driver also sustained injuries in the collision.

The Mangaluru South Traffic Police have registered a case and are conducting an investigation into the incident.

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
January 6,2025

gazajournalist.jpg

Journalist Mohammad Hijazi has been killed in an Israeli attack, raising the number of media workers killed by Zionist forces since the start of the war on Gaza to 220.

The Israeli regime forces killed the Palestinian writer, poet and journalist in an airstrike on northern Gaza’s Jabalia refugee camp, according to his family.

He was among nearly 90 other Palestinians killed in Israeli bombardment across the besieged territory in the last 24 hours, according to a Gaza Health Ministry statement on Sunday.

“I don’t know if I will write to you again. I keep what I have written and am writing. Maybe it will come to light one day. I refuse a cheap death. I curse the murderer,” Hijazi wrote in a post on social media in August 2023.

“Let us in this bottom that we have finally reached, arm ourselves with patience and prayer, and count the days we have lived as a historic achievement while awaiting what is coming with a broken heart, an extinguished eye, a head held high, and a spirit that fights until the end of the road.”

Since the Israeli killing machine imposed a military siege of northern Gaza in early October intensifying its bombing attacks on the the Jabalia camp, hundreds of people have been killed.

Gaza’s Health Ministry reported on Sunday that at least 88 Palestinians had been killed and 208 others injured in the past 24 hours alone.

According to media reports from central Gaza, among those killed in the latest Israeli strikes across Gaza on Sunday were three Palestinians who were living in a tent in Deir el-Balah.

A family of 15 people was also buried under the rubble in Gaza City, following a separate strike, media reported.

The Israeli regime launched its genocidal war on the Gaza Strip following a surprise operation by the Palestinian  Hamas resistance movement in October last year, killing more than 45,805 Palestinians and wounding 109,064 others.

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
January 14,2025

Udupi: Karnataka Kreedakoota-2025, a sports event organised by the Youth Empowerment and Sports Department, Karnataka Olympic Association, and the District Administration, will be held in Udupi and Dakshina Kannada districts from January 17 to January 23.

The event will feature 1,373 athletes participating in a variety of sports, including kayaking, canoeing, archery, cycling, wrestling, boxing, hockey, lawn tennis, table tennis, Kabaddi, Judo, and athletics.

Deputy Commissioner Vidya Kumari K addressed a press conference on Monday, providing details about the events in Udupi and Dakshina Kannada.

According to her, while volleyball, basketball, and swimming competitions will take place in Dakshina Kannada, events like kayaking and canoeing will be held in Brahmavara’s Swarna River, and archery will take place at the MJC Ground in Manipal.

Marena Sports Complex in Manipal will host lawn tennis and table tennis matches, she added.

The opening ceremony will take place on January 17 in Mangaluru and Chief Minister Siddaramaiah will be inaugurating the event.

The closing ceremony will be held in Udupi on January 23, with Governor Thaawarchand Gehlot and Home Minister G Parameshwar attending.

The district administration, in collaboration with Manipal Academy of Higher Education (MAHE), Manipal, has made provisions for accommodation and food for the participants, said the DC.

She also said the synthetic track at the Mahatma Gandhi District Stadium in Ajjarakad is undergoing repair work after its 10-year durability period ended in 2023, to provide athletes better infrastructure.

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.