Yet another fake investment company case surfaces in city

March 8, 2011

arrest

Mangalore, March 8: In yet another major fraud case, Mangalore police on Tuesday raided two offices of a city based fraudulent investment company and took a few people into custody for investigation.

A large number of investors have alleged that 'Dreamz Tours and Travels (DTT), which has two offices at Cee Dee Complex, in Pumpwell, cheated them after promising to help them make some quick money. Previously, the company had operated under the names of Unipay, Visa Rev, and Unigold.

With the hopes of doubling their investment in 10 months, a large number of people invested crores of rupees in an online trading chain scheme.

The development comes within a few days after police took action against Global Index Investment Company (GIIC), a similar fraudulent company following complaints lodged by its victims.

Victims have alleged that DTT, managed by one Sandesh Mascarenhas, not only failed to meet its promise of doubling the money but also deceived people by swallowing the entire deposit.

“They cheated us after assuring that they would invest the money in gold in Malaysia and other countries, which will result in high return” said, one of the victims.

Kankandy police are investigating the issue after sealing both the offices of DTT.


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News Network
April 14,2025

Bengaluru: The leaked contents of Karnataka’s long-awaited caste census suggest a significant policy shift—extending the creamy layer rule to Category 1 castes under the backward classes reservation list. This category includes some of the most disadvantaged nomadic and microscopic communities.

The commission, headed by Jayaprakash Hegde, has reportedly recommended that the creamy layer policy—already applied to categories 2A, 2B, 3A, and 3B—be extended to Category 1. The report notes that some groups within Category 1 have achieved considerable progress socially, economically, educationally, and politically, thus justifying the introduction of a filtering mechanism.

The panel emphasized the growing inequality within Category 1 itself, stating that children from impoverished farming and labourer families are unable to compete with the children of wealthier households in the same category.

“The competition is stiff here and there is a threat that this category may become one populated by the rich in due course if the creamy layer policy is not implemented,” the report reportedly states.

It further underlines that to fulfil the constitutional goal of equitable opportunities, the policy must be introduced across all categories of backward classes, including Category 1.

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News Network
April 14,2025

Tumakuru: Karnataka Home Minister G Parameshwara announced on Sunday that the much-anticipated caste census report will be formally discussed at a special meeting of the state Cabinet scheduled for April 17. The meeting will focus on the findings and recommendations of the report, which has recently been circulated among ministers.

Speaking at Tiptur in Tumakuru district, Parameshwara noted that the caste census was conducted to ensure equitable access to essential services, education, and employment for downtrodden communities.

“The Congress government, between 2013 and 2018, spent crores of rupees to gather caste-based data from 1.37 crore families,” he said. “However, implementation was delayed by successive governments for various reasons.”

He emphasized the need for careful and informed deliberation and urged political leaders to avoid commenting on the report without studying it. “Nearly 80 per cent of the information in the report is accurate,” the Home Minister said, reinforcing the document’s credibility.

The Cabinet’s decision following the April 17 meeting could have far-reaching implications on Karnataka’s reservation policy and social equity framework.

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News Network
April 7,2025

nitin.jpg

Mangaluru, Apr 7: In a chilling and heart-wrenching turn of events from Nadugallu in Nalakuru village of Sullia taluk in Dakshina Kannada, a mother and son’s desperate act to end their lives has left a community in disbelief. The duo allegedly consumed rodent poison in a joint suicide attempt, resulting in the son’s death and leaving the mother in a critical condition.

The deceased has been identified as 32-year-old Nithin, son of Kushalappa Gowda of Derappajjanamane, Nalakuru. His mother, Sulochana, is currently battling for her life in a hospital. According to sources, the incident took place three days ago, with both victims falling severely ill by the morning of April 6.

Nithin, an ITI diploma holder, had been managing his family's agricultural land. He had married Deeksha, a guest lecturer at a local college, about a year ago. At the time of the tragic incident, Deeksha was reportedly staying at her parental home. During her absence, Nithin and Sulochana allegedly consumed poison in what is believed to be a premeditated act.

Well-known in the village for his kind demeanor and strong social ties, Nithin’s untimely death has cast a shadow of grief and shock across the local community. His father, Kushalappa Gowda, is also said to be ailing.

The Subrahmanya police have registered a case and initiated an investigation to uncover the circumstances leading to this devastating event.

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