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 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 23,2024

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The Israeli military has completely destroyed 70 percent of buildings in the Jabalia refugee camp as the occupying regime continues with its deadly aggression against northern Gaza. 

Amos Harel, a military affairs analyst, wrote in the Israeli daily Haaretz on Sunday that the Jabalia refugee camp has become a “ghost town” amid Israel’s deadly offensive in the area.

“As far as the eye can see lie miles and miles of destroyed homes. It's hard to look away from the devastated remains of Jabalia's refugee camp in northern Gaza,” Harel said.

“I could see that even the few buildings that are still standing were badly damaged,” he added.

Harel went on to say that the Israeli military has operated in the area twice before, but this time the camp was torn down.

“Jabalia has become a ghost town. Outside, you mainly see pack after pack of stray dogs roaming around and hunting for scraps of food,” he said.

The Israeli regime dispatched tanks again to northern Gaza last month in what it said was aimed at combating members of the Palestinian resistance movement launching retaliatory strikes, and preventing them from regrouping.

The towns of Beit Lahiya, Beit Hanoun and Jabalia have been besieged for more than 40 days, without food, water, medicine, or aid, and under constant bombing, shelling, and drone attacks.

Israel launched the war on Gaza on October 7, 2023, after Hamas-led resistance groups waged the surprise Operation al-Aqsa Flood against the occupying entity in response to its decades-long campaign of devastation against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed 45,227 Palestinians, mostly women and children, and injured 107,573 others. Thousands more are also missing and presumed dead under rubble.

The Tel Aviv regime has also imposed a “complete siege” on the territory, cutting off fuel, electricity, food and water to the more than two million Palestinians living there.

Separately on Sunday, the Ezzedine al-Qassam Brigades, the armed wing of Hamas, said its fighters hit a group of nine Israeli soldiers who had taken refuge inside a house in the west of the Jabalia refugee camp.

It made the remarks in a statement on Telegram, noting that several Israeli forces were killed and wounded in the attack which was carried out with a TBG (thermobaric) rocket.

Qassam Brigades further noted that its fighters had killed an Israeli soldier from a long distance in the central area of the Jabalia camp.

Qassam Brigades has been daily carrying out military operations against the Israeli occupation forces since October 7 last year.

On Thursday, Qassam Brigades said its fighters stabbed at close range an Israeli officer and three soldiers at the Jabalia refugee camp, resulting in their deaths.

The retaliatory operation came following another attack on Wednesday, when Hamas fighters killed five Israeli soldiers in central Jabalia, also at close range.

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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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