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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News Network
May 2,2025

Mangaluru: Dakshina Kannada district has secured the top position in Karnataka in the SSLC (Class 10) results for the academic year 2024–25, with a pass percentage of 91.12%, as announced on Friday.

In the previous academic year (2023–24), the district had ranked second in the state with a higher pass percentage of 92.12%. Despite a 1% drop in the pass rate this year, the district has risen to the top position. In 2022–23, it had ranked 17th with 89.52%.

Deputy Director of Public Instruction (DDPI) Venkatesh S Patagar attributed the district’s improved rank to several focused initiatives. Among them were the timely completion of the syllabus by December 2024 and subject-wise special classes.

Special attention was given to slow learners through dedicated support classes. The department also organized fortnightly parent meetings to track students' academic progress.

To instill discipline and a consistent study routine, schools made regular wake-up calls to students in the mornings and evenings. Other initiatives included model question paper practice, the 'Jnana Sinchana' live YouTube series, online doubt-clearing sessions, and interactive radio phone-in programs.

Students were also encouraged to attempt the 'Vijayeebhava' question paper series, developed and published by the District Institute of Education and Training (DIET), Udupi.

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News Network
April 29,2025

mangalurulynch.jpg

Mangaluru: Karnataka Home Minister Dr. G. Parameshwara has expressed concern over the mob lynching of an unidentified man in Mangaluru, in which several Hindutva activists have been arrested. The incident took place on April 27 near Bhatra Kallurti Temple in the Kudupu area on the outskirts of the city.

“Even if someone uttered offensive slogans, violence is not acceptable. The law must take its own course — taking matters into one’s own hands is completely wrong,” the Home Minister said, calling the act "deeply concerning."

He also urged the public to remain calm and avoid speculation. “We still don’t know if the victim was a local or from outside Karnataka. I appeal to everyone to maintain peace and communal harmony.”

What Happened

The incident occurred around 3 PM on Sunday, during a cricket tournament that involved ten teams and more than 100 players. The accused have reportedly told the police that the victim shouted "Pakistan Zindabad" — a claim now central to the investigation. A physical altercation began between the man and a local youth named Sachin (26), which quickly escalated into a violent group assault.

Eyewitnesses said while some bystanders tried to intervene, others in the crowd beat the man with sticks and kicked him repeatedly. The body was discovered near the temple later in the day, around 5:30 PM, prompting a police alert.

Post-Mortem Reveals Brutality

Initially, police did not observe major visible injuries and suspected a natural death. However, further investigation and a post-mortem at Wenlock District Hospital revealed that the man had died from internal bleeding and shock due to multiple blunt-force injuries, especially to the back, limbs, genitals, and buttocks. The injuries were consistent with an assault using wooden logs.

“This was a brutal and unprecedented case,” said Mangaluru Police Commissioner Anupam Agarwal. “We have not seen anything of this nature in the city before. The victim received no medical attention, and that proved fatal.”

Arrests and Legal Action

As of now, 15 individuals — including Sachin — have been arrested, all from Kudupu, Neermarga, Vamanjoor, and surrounding areas. The First Information Report (FIR), filed by local resident Deepak Kumar (33), names 19 individuals, with police expecting the number of accused to grow as they analyze CCTV footage and mobile data.

Authorities estimate that around 25 people were involved in the lynching. Given the number of attackers, the case has been registered under Section 103(2) of the Bharatiya Nyaya Sanhita, which specifically addresses mob lynching. The section allows for life imprisonment or death penalty for those found guilty.

“Everyone involved will be brought to justice. We will apply the strictest legal provisions,” Commissioner Agarwal stated.

Motive Under Investigation

While some arrested individuals claim the lynching was triggered by the man shouting pro-Pakistan slogans, the authorities have not yet confirmed the authenticity or context of those claims. The identity of the victim remains unknown, and forensic teams are working to establish his background and possible connections to the local area.

Police have emphasized that the investigation is ongoing and urged the public to refrain from circulating misinformation or communal narratives.

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News Network
April 29,2025

mangalurulynch.jpg

Mangaluru: Karnataka Home Minister Dr. G. Parameshwara has expressed concern over the mob lynching of an unidentified man in Mangaluru, in which several Hindutva activists have been arrested. The incident took place on April 27 near Bhatra Kallurti Temple in the Kudupu area on the outskirts of the city.

“Even if someone uttered offensive slogans, violence is not acceptable. The law must take its own course — taking matters into one’s own hands is completely wrong,” the Home Minister said, calling the act "deeply concerning."

He also urged the public to remain calm and avoid speculation. “We still don’t know if the victim was a local or from outside Karnataka. I appeal to everyone to maintain peace and communal harmony.”

What Happened

The incident occurred around 3 PM on Sunday, during a cricket tournament that involved ten teams and more than 100 players. The accused have reportedly told the police that the victim shouted "Pakistan Zindabad" — a claim now central to the investigation. A physical altercation began between the man and a local youth named Sachin (26), which quickly escalated into a violent group assault.

Eyewitnesses said while some bystanders tried to intervene, others in the crowd beat the man with sticks and kicked him repeatedly. The body was discovered near the temple later in the day, around 5:30 PM, prompting a police alert.

Post-Mortem Reveals Brutality

Initially, police did not observe major visible injuries and suspected a natural death. However, further investigation and a post-mortem at Wenlock District Hospital revealed that the man had died from internal bleeding and shock due to multiple blunt-force injuries, especially to the back, limbs, genitals, and buttocks. The injuries were consistent with an assault using wooden logs.

“This was a brutal and unprecedented case,” said Mangaluru Police Commissioner Anupam Agarwal. “We have not seen anything of this nature in the city before. The victim received no medical attention, and that proved fatal.”

Arrests and Legal Action

As of now, 15 individuals — including Sachin — have been arrested, all from Kudupu, Neermarga, Vamanjoor, and surrounding areas. The First Information Report (FIR), filed by local resident Deepak Kumar (33), names 19 individuals, with police expecting the number of accused to grow as they analyze CCTV footage and mobile data.

Authorities estimate that around 25 people were involved in the lynching. Given the number of attackers, the case has been registered under Section 103(2) of the Bharatiya Nyaya Sanhita, which specifically addresses mob lynching. The section allows for life imprisonment or death penalty for those found guilty.

“Everyone involved will be brought to justice. We will apply the strictest legal provisions,” Commissioner Agarwal stated.

Motive Under Investigation

While some arrested individuals claim the lynching was triggered by the man shouting pro-Pakistan slogans, the authorities have not yet confirmed the authenticity or context of those claims. The identity of the victim remains unknown, and forensic teams are working to establish his background and possible connections to the local area.

Police have emphasized that the investigation is ongoing and urged the public to refrain from circulating misinformation or communal narratives.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
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