Wakf board moves SC against land allotment to secretariat employees

executive@coastaldigest.com (DHNS)
January 10, 2015

New Delhi, Jan 10: The Karnataka State Board of Wakfs (KSBW) has approached the Supreme Court challenging the State government's proposed move to allot 15 acres of land to secretariat employees in Bengaluru.

Wakf board

An SC bench of Justices J S Khehar and S A Bobde put the application for consideration on January 16 after the State government counsel sought time to respond to the plea made by senior advocate S Guru Krishnakumar on behalf of the KSBW.

The board also urged the court to ensure maintenance of status quo with regard to its lands in Bellahalli, Yelahanka hobli, Bengaluru North, comprising 602 acres and 29 guntas, dedicated more than two centuries ago by Tipu Sultan to the ruler of the then princely state of Mysuru.

œThe government is proceeding with the construction at the land and considering that the land is of a substantial extent (15 acres), and improvement of land by the government shall cause serious and irreparable damage to the petitioner board's claim to the land in question,  the application filed by advocate S Hari Haran stated.

It pointed out a letter issued on December 17, 2013, by the deputy commissioner, Bengaluru, to allot the land to the government secretariat employees.

The matter with regard to claims of the board over 600 acres of land is pending with the apex court. The board has challenged the Karnataka High Court order dated December 5, 2012, dismissing their claims.

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News Network
February 3,2025

Udupi: A 59-year-old man has allegedly lost ₹20.17 lakh in a stock market scam after being lured by promises of high returns.

Vinod, the complainant, stated that he discovered an online stock market-related company, PML Securities, on November 2 last year. Encouraged by its offerings, he began investing through the company’s mobile applications, PML Max and PML PRO, starting from November 27.

Initially, his investments were returned in line with the IPO (Initial Public Offering) process, reinforcing his trust in the platform. However, trouble arose when he attempted to withdraw his funds, only to find himself unable to do so. Upon contacting the company, he was allegedly persuaded that additional payments were required to unlock his money.

Trusting the assurances given, Vinod continued making payments, transferring a total of ₹20.17 lakh to various bank accounts linked to the company until December 24. The complaint alleges that the operators of PML Max and PML PRO deceived him by falsely promising substantial returns on stock market investments.

A case has been registered at the Manipal Police Station, and an investigation is underway.

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News Network
February 6,2025

Mangaluru: A man has reportedly lost ₹13 lakh after falling victim to an online trading scam. The incident began on December 14, 2023, when he received a WhatsApp message adding him to a group named "VIP3 Global Securities Official Stock Community."

The message introduced Ajay Garg as the director and CEO of SMC Group, claiming he was participating in an international stock returns competition and urging members to vote for him. The group also provided stock market investment guidance and encouraged users to open an SMC Global Securities Trading Account to access IPO stocks.

Upon inquiring in the group, the complainant was contacted by an individual claiming to be an international customer service representative at SMC Global Securities. This person, later identified as Vandana Bharti from the Institutional Brokerage, claimed she could secure high-value IPO stock allotments. The complainant was instructed to download the SMC Global Securities Trading App using a specific link, which promised 30 days of free VIP trading advice and stock market insights. He registered on the app using his PAN and mobile number and began applying for IPO stocks.

Initially, the complainant was allotted ₹15,000 worth of IPO stocks from Dam Capital Advisers Limited. The scammers claimed that ₹5,000 was covered by the company, requiring him to pay only ₹10,000, which he transferred on December 25. Soon after, he was allotted ₹1.4 lakh worth of IPO stocks from Anya Polytech & Fertilisers and was pressured to pay immediately. On December 31, he transferred the amount.

The scammers continued assigning higher-value IPO stocks, eventually allotting ₹9.9 lakh worth of stocks from Standard Glass Lining Technology Limited. When the complainant expressed an inability to pay, he was pressured into taking a ₹9 lakh loan via a mobile lending service.

On January 20, he attempted to withdraw ₹1 lakh from the SMC Global Securities Trading App to check if funds could be recovered. The withdrawal was processed successfully the same day, reinforcing his trust in the platform. However, subsequent attempts to withdraw funds were unsuccessful, and the complainant realized he had been defrauded.

Authorities are investigating the incident and cautioning the public to be vigilant against such fraudulent schemes.

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