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
December 13,2024

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Bengaluru: The Karnataka High Court on Friday granted bail to the prime accused actors Darshan Thoogudeepa Srinivas and Pavithra Gowda in the Renukaswmy murder case.

Justice S Vishwajith Shetty said that all the petitions have been allowed.

The other accused in the case, Nagaraju, Anu Kumar, Lakshman, Jagadeesh alias Jagga and R Pradoosh Rao have also been granted bail.

Renukaswamy was found dead on June 8, 2024. He was working in a medical shop in Chitradurga. The accused had kidnapped and allegedly murdered him in a shed at Pattanagere in R R Nagar police station limits of Bengaluru city for sending obscene messages to Pavithra Gowda.

The actor was arrested on June 11 this year. He was earlier lodged at the Parappana Agrahara Jail in Bengaluru, but when a photograph went viral showing him relaxing with some of the jail inmates, he was transferred to Ballari Central Jail.

Darshan is presently hospitalised for alleged back pain.

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News Network
December 17,2024

Bengaluru: In response to the rising number of Caesarean deliveries in Karnataka, Minister for Health and Family Welfare, Dinesh Gundu Rao, announced on Monday that the state government would introduce a dedicated programme next month to address this issue.

Replying to MLC Jagadev Guthedar's question in the Legislative Council, the minister revealed that Caesarean deliveries now account for 46% of total births in the state. He noted that private hospitals conduct 61% of these procedures, while government hospitals perform 36%.

The minister emphasized the necessity of preventing unnecessary Caesarean deliveries. He highlighted that some private hospitals perform Caesarean sections in 80% to 90% of cases primarily for financial gain, finding it easier compared to normal deliveries. To counteract this, the Health Department plans to launch a separate programme in January aimed at reducing such procedures.

Gundu Rao underscored the importance of mentally preparing pregnant women for normal deliveries. "We are already conducting an audit of Caesarean deliveries at every hospital to understand the necessity and rationale behind the doctors' decisions," he added.

Additionally, the minister mentioned the government's intention to provide round-the-clock maternity services at taluk hospitals to further discourage unnecessary Caesarean deliveries.

Regarding foeticide cases, the minister informed the House that in 2023-24 and 2024-25, 45 individuals were arrested for violating the Pre-conception and Pre-natal Diagnostic Techniques Act. Cases were registered in Belagavi, Kolar, Mandya, and Bengaluru Rural.

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News Network
December 16,2024

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In a significant milestone, the Dakshina Kannada Zilla Panchayat Higher Primary School in Newpadpu, Harekala, has introduced a bilingual Kannada-English medium this academic year, a move spearheaded by Padma Shri awardee Harekala Hajabba. The school has so far received 13 admissions for its Class 1 bilingual program.

This initiative is part of a broader effort by the state government, which approved 38 schools across the district to launch bilingual mediums. Expressing his delight, Hajabba shared that he had been advocating for a bilingual school for years. "The bilingual medium will greatly benefit students in this region who otherwise rely on private schools. However, we currently face a shortage of classrooms. Construction of two additional classrooms is underway, and once completed, we expect higher admissions," he said.

The school had previously been permitted to introduce LKG and UKG classes in the last academic year. According to the school’s headmistress, Rajeshwari, while the pre-primary sections have seen good enrolment, the bilingual Class 1 faced challenges, securing only 13 students. She attributed this to the late notification of permission, which arrived a month after the academic year began, leading many children to enroll elsewhere.

Rajeshwari remains optimistic about the future. "We expect better admissions next academic year as awareness about bilingual education at this government school grows," she said, adding that the classroom shortage will soon be addressed.

Deputy Director of Public Instruction (DDPI) Venkatesha Subraya Patagara noted that bilingual schools across Dakshina Kannada have generally received a positive response, with some schools enrolling more than 100 students. The effort to offer bilingual education in government schools marks a step forward in providing affordable, quality education to underserved regions.

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