Realty, finance firms swindled Rs 3,273 cr, duped 17.93 lakh people in 10 years!

News Network
July 30, 2017

Bengaluru, Jul 30: The fraudulent real-estate and finance firms have duped Rs 17.93 lakh people, swindling them of Rs 3,273 crore between 2006 and 2016 in Karnataka, according to the Criminal Investigation Department.

CID has found that several thousands of people duped in real estate and investment scams in different parts of the state have not approached the police.

Director General of Police H C Kishore Chandra said the economic offences wing of the Crime Investigation Department had confiscated properties worth Rs 594 crore in connection with the scams.

The sleuths are recovering more properties, but of the 100 accused arrested in 422 cases, most are out on bail. A team of 40 CID officials is working exclusively on the cases, Kishore Chandra said.

The money can be returned to victims after the government auctions the confiscated properties, he said.

Of about 6,500 investors cheated by real-estate firm Dreamz Infra, only 2,382 have approached the CID and submitted documents.

Similarly, of the 5,315 investors swindled by TGS Constructions, only 2,750 have turned up with documents. In housing project Gruha Kalyan, only 814 of 2,220 investors have approached the CID.

Such companies are launched with pomp and fanfare with the participation of film stars and celebrities. “They advertise widely, promising good returns on investments, and flats and villas with extravagant features. For a few months, they keep their word,” Kishore Chandra said. But once the investments become a flood, they grab the money and run, he said.  

The owners and their benamis then get busy investing in sites, houses and stocks for themselves. They also produce films and splurge on gold, silver and swanky cars, he said.

The Criminal Investigaton Department is advising investors and buyers to verify the credentials of firms with the Reserve Bank of India, the Security Exchange Bureau of India, Registrar of Companies, and the Registrar of Cooperative Societies.

People are increasingly losing their hard-earned money because they don’t check the credentials of companies they hand their money to, he said.

Under the Protection of Interest of Depositors in Financial Establishments Act of 2004, the CID can confiscate movable and immovable properties of those accused in investment scams.

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Media Release
December 23,2024

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The Shepherds’ International Academy celebrated its Annual Day on 18/12/2024 at Town Hall with great enthusiasm and spirit. The theme, Essence of Life, focused on fostering moral values, life skills, and holistic development among students, aiming to instill in them the values of kindness, responsibility, and gratitude.

The Chief Guest, Dr. Santosh Soans, a renowned pediatrician and former President of the Indian Academy of Pediatrics, was welcomed, along with other dignitaries, by the Head Boy Maaz and Head Girl Amal of the school.

The program commenced with a warm welcome by the Master of Ceremonies, Ms. Swathi Arshekar, followed by the Principal, Ms. Lubna Banu, addressing the gathering.

A special tribute was paid to the late visionary leader, Mr. Ahmed AK, and advisor, Mr. S.M. Basheer, whose guiding principles continue to inspire the school. Quoting the leader’s words, the Chief Guest, Dr. Soans, said, “We took so much from society; now it’s time to give it back to society.” He emphasized how these words formed the foundation of the school and encouraged everyone to carry forward this vision of service and responsibility.

The Chairman, Ar. Mohammed Nissar, shared his thoughts on the late leader’s enduring legacy, reaffirming the institution’s mission of holistic education that integrates academic excellence with strong ethical values.

The cultural program was a vibrant celebration of the theme Essence of Life, showcasing various values through engaging and meaningful performances.

The theme Essence of Life was designed to inspire students and the audience to reflect on the fundamental principles that give life its true meaning. It emphasized the significance of living a balanced and purposeful life, grounded in strong moral and ethical values. Key aspects of the theme included nurturing family bonds, expressing gratitude, conserving resources, and practicing mindfulness. The school’s aim was to create a foundation of values that would shape students into compassionate, responsible, and well-rounded individuals, ready to make a positive impact on the world.

A welcome note was given by Zahaa, followed by The MCs—Areen Ahmed Shareef, Sharah Syed, Mohammed Ibrahim, Khatija Aleena, Tisha, and Ahsan Hassan T—set the stage by entering with a seed of goodness, a symbolic act where a fruit was added to a tree after each performance, representing the values instilled through the acts.

The cultural program began with “We Are All Amazing” A lively action song celebrating self-worth and individuality by Montessori 1.  Also a skit, celebrating the love, unity, and strength of family bonds, titled Humara Pyaara Parivar. “TED Talk” A thought-provoking talk by a student of Mont 2 Iqra Abdulla on Being Bored is healthy. “Skit on the Right Path” A dramatic performance highlighting the significance of making ethical and moral decisions. “Kindness act” A heartfelt gratitude to the Helping ladies of school. 

The Annual Day celebration was a true reflection of The Shepherds’ International Academy’s mission to nurture well-rounded, value-driven individuals. The theme Essence of Life was seamlessly integrated into every performance, leaving a lasting impression on the audience about the importance of living a life guided by values, responsibility, and service.

The event was a resounding success, showcasing the creativity and talent of students while delivering a strong message about moral values and community service.

The Shepherds’ International Academy remains committed to fostering learners who excel academically and ethically, making a positive impact on the world.

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News Network
December 25,2024

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Bengaluru: Police Inspector of Khanapur station has been suspended for dereliction of duty by allegedly letting in political leaders and others inside the station while BJP MLC C T Ravi was in custody in connection with a case registered against him, officials said on Wednesday.

The suspension order was issued by the office of Inspector General of Police, North Zone, Belagavi on December 21, they said.

On December 19, Ravi was arrested by the police from the premises of Suvarna Vidhana Soudha in Belagavi for allegedly using a derogatory word against Minister Laxmi Hebbalkar in the legislative council hall.

According to the official order, when C T Ravi was taken to Khanapura police station for safety reasons, Police Inspector Manjunath Nayak, who was in-charge of the station, was told to use the staff and assign suitable duties to them.

It was also ordered to block the entry of any person other than the accused inside the police station. However, many political leaders and mediapersons stormed inside the police station. This created a noisy atmosphere inside the station, it stated.

The order further stated that as a responsible police inspector grade officer, Nayak failed to prevent several political leaders from entering Khanapur Police station, thus creating a tumultuous atmosphere.

He violated the order of superiors, showed negligence and carelessness while performing duty. Therefore, a departmental inquiry was initiated and Nayak was suspended from service with immediate effect for dereliction of duty, the order stated.

According to a police statement issued on Wednesday, after registration of case under section 75 (sexual harassment) and 79 (word, gesture or act intended to insult the modesty of a woman) of the Bharatiya Nyaya Sanhita in Hirebagewadi police station here, Ravi was taken into custody and handed over to the investigating officers.

However, Ravi was shifted to Khanapura police station considering the security aspect and the huge crowd gathered near Hirebagewadi police station.

"A large number of mediapersons, supporters and party workers gathered and created a chaotic atmosphere in Khanapura police station. There was also the possibility of additional supporters and Congress workers arriving. All these factors also had the potential to disrupt public order," the police stated.

Keeping in mind Ravi's safety, he was shifted to Ramadurga, it said.

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News Network
December 17,2024

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US and British warplanes have carried out fresh airstrikes on the Yemeni capital Sana'a and other regions, intensifying attacks as Yemeni Armed Forces continue their anti-Israeli operations in support of the Palestinians in the Gaza Strip amid the regime’s genocide.

Yemen’s al-Masirah television network reported that US and British aircraft targeted the premises of the Yemeni Defense Ministry in the the Assafi'yah district of Sana’a early on Tuesday.

Local sources heard loud explosions echoing from the site of the strikes. 

The report, however, did not provide any details regarding potential casualties or damage.

For his part, the Yemeni information minister vehemently denounced the latest US and British airstrikes against Sana’a, stating that the act of aggression “falls within the framework of attempts to diminish the Yemeni nation’s will to support Palestinian people.”

Hashem Sharaf al-Din underscored that enemies are unable to undermine Yemen’s military capabilities, as its government and nation are standing firm in the face of their vicious and terrorist attacks.

This came hours after the spokesman for the Yemeni Armed Forces announced in a statement that the country’s missile units had carried out a military operation against an Israeli military target in Tel Aviv, using a hypersonic Palestine 2 ballistic missile

Brigadier General Yahya Saree noted that the missile strike was in support of the Palestinians in the Gaza Strip, and successfully achieved its desired objectives.

The Yemeni Armed Forces will continue their operations, and will strike all Israeli facilities within the occupied territories, Saree pointed out, adding that such strikes will not stop unless the ongoing aggression on Gaza ends and the siege is completely lifted.

Early on Monday, American and British warplanes conducted a joint airstrike on targets at the Midi district in Yemen’s northern province of Hajjah.

US and British military aircraft also targeted a number of locations in the At Tuhayta district of the strategic western province of Hudaydah. Details on potential human or material losses from the strikes were not quickly disclosed.

Yemenis have declared their open support for Palestine’s struggle against the Israeli occupation since the regime launched a devastating war on Gaza on October 7, 2023, after the territory’s resistance movements carried out Operation Al-Aqsa Flood against the occupying entity.

The Yemeni armed forces have said they will not stop their attacks as long as Israel continues its ground and aerial offensives in Gaza.

So far, Israel has killed at least 45,028 Palestinians, mostly women and children, and injured 106,962 others in Gaza.

In October, the US military unleashed B-2 stealth bombers to bomb Yemen in support of Israel. Since then, attacks against Yemen have continued in a bid to halt the retaliatory attacks by Sana'a. 

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