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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 16,2024

hajabba.jpg

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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Media Release
December 23,2024

sia5.jpg

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.

sia4.jpg

sia3.jpg

sia2.jpg

sia6.jpg

sia7.jpg

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 28,2024

yemen.jpg

American and British aircraft have conducted new airstrikes on the Yemeni capital, prompting Ansarullah to pledge a response.

The strikes on Friday focused on the Ma’een District in Sanaa, with no casualties reported.

"I heard the blast. My house shook," one Sanaa resident told AFP late Friday.

Israeli media promptly denied any involvement of the regime in these operations.

Nasr al-Din Amer, an official from the Ansarullah movement, emphasized that Yemen’s attacks against Israel will intensify and not decline.

Amer asserted that halting the aggression in Gaza is the only way to prevent further anti-Israel operations by the Yemeni army.

Israeli "aggression will only increase the determination and resolve of the great Yemeni people to continue supporting the Palestinian people", a Houthi statement said Friday.

This latest assault followed Thursday's Israeli aggression on Yemen’s infrastructure, including Sana’a's international airport which left six people dead.

Tens of thousands of people gathered in Sana’a Friday to protest against the Israeli strikes and express solidarity with Palestinians.

"The equation has changed and has become: (targeting) airport for airport, port for port, and infrastructure for infrastructure," protester Mohammed al-Gobisi said.

"We will not get tired or bored of supporting our brothers in Gaza."

On Friday, the demonstrators staged rallies in the capital Sana’a, and the provinces of Sa’ada, Hudaydah, Hajjah, and al-Mahwit under the slogan “We firmly stand with Gaza, the glory…without limits and without red lines,” carrying the Yemeni and Palestinian flags.

Similar rallies also took place in the provinces of Raymah, ʽAmran, Dhale, Lahij, Ma’rib, al-Bayda, Ta’izz, Ibb, and Dhamar.

The protesters voiced their solidarity with the Palestinians in defiance of the Israeli strikes on Yemen, chanting “We will continue to bomb you…escalation for escalation.”

They hailed the latest Yemeni attacks conducted earlier in the day against Israeli targets, calling on the armed forces to intensify their retaliatory operations.

Israel launched a genocidal war on Gaza on October 7, 2023, after the Palestinian resistance movement Hamas waged the surprise Operation Al-Aqsa Storm against the occupying entity in response to the Israeli regime's decades-long campaign of bloodletting and devastation against Palestinians.

The regime’s bloody onslaught on Gaza has so far killed at least 45,436 Palestinians, mostly women and children, and injured more than 108,038 others. Thousands more are also missing and presumed dead under rubble.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.