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
November 18,2024

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Mangaluru: A 14-year-old boy, Subodh, tragically lost his life after being struck by lightning while sitting outside his home in Kedila village, Bantwal taluk, on Sunday evening.

The incident occurred around 5:30 PM while Subodh, an 8th-grade student at Kalladka Shriram High School, was seated outside his house. Lightning struck him, leaving him unconscious. 

Family members rushed him to a nearby clinic and later to a private hospital in Puttur, where doctors confirmed his death upon arrival.

The boy's body was sent to Puttur Government Hospital for a post-mortem.

Tahsildar Archana Bhat has directed revenue officials to assist the grieving family. Vitla Revenue Inspector Prashanth Shetty, Village Administrative Officer Anil Kumar, Kedila Panchayat President Harish Valtaje, and panchayat members visited the family to offer their condolences and support.

This heartbreaking incident highlights the unpredictability of nature’s fury, leaving a community mourning the untimely loss of a young life.

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News Network
November 28,2024

Mangaluru: In a heartbreaking incident, three first-year nursing students drowned in the Phalguni River near Barkaje dam, within the Venoor police station limits, on Wednesday evening.

Preliminary reports identify the deceased as Lawrence from Moodbidri, Suraj from Belthangady, and Jaison from Vagga in Bantwal.

According to police sources, the tragedy occurred around 5:30 PM. The group of friends had gathered at a friend's house to celebrate a church feast. After lunch, five of them decided to visit the river near the dam for a swim.

While in the water, two of the students were caught in the strong current. Jaison, attempting to rescue them, was also swept away. Fire and emergency services personnel, along with the police, rushed to the scene and retrieved the bodies.

This tragic event has left the community in deep sorrow.

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News Network
November 28,2024

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Mangaluru: The iconic Old DC office, a building steeped in 400 years of history, will be the centerpiece of the Heritage Week celebrations in the city. Once the administrative hub of the erstwhile Canara district during the British era, the building now serves as a symbol of Mangaluru’s rich heritage and cultural significance.

Historic Significance

Initially built during the rule of the Bangas under the Vijayanagara Empire, the structure was later converted into the collector’s office. Following an agreement between Tipu Sultan and the British in 1784, the building came under Tipu’s possession until his death. Subsequently, Major Sir Thomas Munro used it as the office for the first district collector.

The building has also seen historical milestones, including the participation of 88 individuals from the district in World War I (1914–1919), as recorded on a commemorative plaque on its exterior.

Heritage Festival: Echoes

To celebrate the city’s history and tourism potential, the Dakshina Kannada district administration is organizing "Echoes," a heritage festival on November 30 and December 1 at the Old DC office premises. The event will feature:

  • A heritage exhibition (open from 10 AM to 6 PM).
  • An art contest for school students.
  • Guided mini heritage walks open to all.
  • An urban sketching contest for college students.
  • A panel discussion on sustainability, followed by a prize distribution ceremony.
  • A musical evening featuring Sur Safar, a fusion band.

A Gateway to Tourism

The festival aims to draw attention to Mangaluru’s untapped tourism potential by blending art, history, and culture. It invites residents and visitors to rediscover the region’s legacy while fostering a sense of pride in its historical landmarks.

This initiative not only commemorates the past but also looks to inspire future efforts in heritage preservation and sustainable tourism.

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