Technical fest gets under way at NMAM Institutte of Technology

Mangaluru: A seemingly harmless YouTube advertisement has cost a Mangaluru man his life savings, after he fell victim to an elaborate investment scam and lost a staggering ₹55 lakh.

According to the police complaint, the victim was lured in by a man named Shardul Jani, who claimed that a trading app called Abans Pro would deliver high returns. On February 11, the man made an initial investment of ₹15,000. A trading account was created for him, which soon began displaying encouraging profits.

Buoyed by these promising numbers and under constant persuasion from the accused, the man was convinced to invest more. Reassured that the money could be withdrawn at any time, he not only continued investing himself but also involved his relatives, who collectively transferred ₹39 lakh into his account for further investments.

Between February 11 and March 27, the victim transferred a total of ₹55 lakh to multiple bank accounts provided by the accused. But when he finally attempted to withdraw the funds, nothing came back. The profits were a mirage—his money had vanished.

Realising he had been conned, the man approached the Bajpe police, who have registered a case and begun an investigation into the fraudulent scheme.

Haveri: The Contractors’ Association of Haveri district has raised a grave concern over the Karnataka government's failure to release pending payments amounting to ₹738 crore for public works executed over the past few years. In a desperate appeal, the association has warned that if the dues are not settled by the end of April, contractors may be forced to seek mercy killing (euthanasia) as a form of protest.

Addressing a press conference on Sunday, Mallikarjun Haveri, the taluk president of the Haveri District Contractors’ Association, alleged that corruption and commission demands in various government departments have exacerbated the financial distress of contractors.

“The commission racket is rampant,” he said. “Officials and middlemen have been demanding commissions ranging from 10% to 15% for clearing bills. Many contractors have borrowed money at exorbitant interest rates to complete government projects. Despite paying commissions, our dues remain unpaid. Middlemen are bleeding us dry.”

He further claimed that at least 10 contractors have died by suicide due to mounting debt and financial stress.

According to the association, in Haveri district alone:

₹200 crore is pending with the Public Works Department (PWD),

₹138 crore with the Rural Development and Panchayat Raj (RDPR) Department,

₹400 crore for projects announced during the previous BJP government.

The association reminded that contractors had protested in Belagavi during the winter session of the state legislature. At the time, the Public Works Minister had promised to clear the dues in phases by the end of March. However, the departments—including the RDPR, Karnataka Neeravari Nigam Limited (KNNL), and the Minor Irrigation Department—have yet to act on these assurances.

“We don’t want to take such extreme steps,” said the office-bearer. “But if the government continues to neglect us, we will be left with no option but to seek permission for euthanasia.”

Mangaluru, Apr 7: A price storm is brewing in Mangaluru’s hotel and restaurant industry. Faced with skyrocketing raw material costs and mounting overheads, hoteliers are preparing to hike food prices by up to 10% within a month — a move that could hit the pockets of thousands of diners across Dakshina Kannada.

From milk and oil to LPG and staples like rice and toor dal, prices have surged, pushing both vegetarian and non-vegetarian establishments to the brink. Over 65% of hotels operate in rented spaces, and labour shortages are adding fuel to the fire.

Swarna Sunder of Dinki Dine says running a hotel without burdening customers is becoming near-impossible. “Costs are rising daily. We’re trying to strike a balance, but a hike is inevitable,” he said, calling Mangaluru a highly price-sensitive market.

Industry leaders, including the Dakshina Kannada Hotel Owners Association, are expected to meet soon to formalize the revision.

Meanwhile, hoteliers blame "unhealthy competition" for further disrupting the sector. “Some serve unlimited fish meals under ₹60 — it’s unsustainable and unfair,” said a hotelier, adding that such practices are forcing smaller eateries to shut shop.

Chandrahas Shetty, president of the district association, confirmed that rising input costs have left them with little choice but to revise menus.