31 investors from Bengaluru figure in Panama Papers list

executive@coastaldigest.com (DHNS)
April 24, 2016

Bengaluru, Apr 24: The Panama Papers expose includes names of 31 investors from Bengaluru in the tax haven of British Virgin Islands (BVI).

The list, released by International Consortium of Investigative Journalists (ICIJ), reveals the names of lesser known investors who have mentioned their city address.

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Some of the investors include Pradeep Ramanarasimha Setty Kare, director, Laxmi Vilas Bank, Suresh Kumar Sarada Devi Krishna Pillai, a resident of Marathalli. Karuturi Sai Ramakrishna, a floriculturist and MD of Karuturi Global Ltd based in Bengaluru with a Sadashivanagar address.

Setty has been a shareholder and director of two companies in BVI - Smart Ideas Group and Wideview International Group Ltd - since 2007. It is not known if he has declared his investments in BVI with the income tax authorities.

Wikileaks connection

Interestingly, Pillai's name is also part of the Wikileaks for his involvement with a Singapore-based company. He has invested in Technomic Processors Pte Ltd, which has invested in Jupiter Alliance Ltd, a BVI business company. Pillai is also the director of Jupiter.

On the other hand, Karuturi Ramakrishna has made investments in Maxworth Investment Ltd, Appointcorp Ltd and is a shareholder of Vericon Zot International Ltd in BVI.

Other names

A few other prominent names from Bengaluru are H J Siwani and M J Siwani of H M Constructions (Benson Town address). Siwanis of H M Constructions are directors of Habitat Holdings Enterprise Inc in BVI.

Similarly, Rajiv Sawhney (Abbas Ali Road, Bengaluru), former MD and CEO of Mahindra Holidays and Resorts India Ltd and former chief executive officer of Telecom Business Group of Essar Global Fund Ltd has investments in BVI-based companies.

Rajiv Sawhney and Kamini Sawhney are directors of Brookwood Worldwide Ltd in BVI. One more name, Edakkana Sham Bhat Mahabaleshwara with a Kodigehalli address, also figures on the list.

Bhat is the director of Sharan Life Sciences Pvt Ltd and a sole director of SNB Invest. SNB was incorporated under the laws of the Russian Federation with an authorised and paid up share capital of 9,957,160 Russian roubles.

He is the director of Unitrust Corporate Services Ltd, Helix Universal Ltd, Directors Ltd and Standard Prelomest Holdings Ltd in BVI. He is also the share holder in Euro Asia Dynamic Ventures Ltd in BVI.

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News Network
May 13,2025

A new chapter is unfolding for football in Mangaluru as the football ground adjacent to Nehru Maidan receives a modern artificial turf, with completion expected by the end of May. This long-awaited upgrade promises to significantly enhance the playing experience for both budding and seasoned footballers in the region.

The project, spearheaded by Mangaluru Smart City Limited (MSCL), involves laying synthetic turf across the 90,000 sq ft ground at a cost of ₹2.5 crore. Equipped with efficient drainage systems, the revamped ground will support uninterrupted play throughout the year, regardless of weather conditions.

“This is a long-pending demand of the football community here,” said D.M. Aslam of the Dakshina Kannada District Football Association. “We expect the turf work to be completed in the next two weeks. Currently, around 150 children practice regularly at the ground, and we anticipate that number to rise once the new surface is open.”

MSCL General Manager (Technical), Arun Prabha K.S., noted that while the project had been planned for some time, groundwork officially began after last year’s monsoon league concluded in August. “Once completed, this facility will be a full-fledged synthetic turf suitable for training, local tournaments, and league matches,” he said.

With the inauguration expected soon after the final touches are completed, the new astro turf is set to elevate the city’s football infrastructure and serve as a springboard for talent development across the district.

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News Network
May 13,2025

baraka.jpg

Barakah International School & College continues its tradition of academic excellence, achieving a remarkable 100% pass rate in the CBSE Class 10 and 12 examinations for the year 2025.

Top Performers:

Grade 10:

Mehrish Haleema – 96.4%
Daughter of Mr. Mohammed Musthafa & Mrs. Munawar

Hamnah Nafeesa – 96.2%
Daughter of Mr. Mohammed Kunhi & Mrs. Gulnaz Fathima

Bushra Suha – 92.2%
Daughter of Dr. Mohammed Ashfaque & Dr. Aisha Suha

Anum Nafeesa Ashfaq – 91.3%
Daughter of Mr. Abdul Khader Ashfaq & Mrs. Suhana

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From left to right: Mehrish Haleema, Hamna Nafeesa, Bushra Suha, Anum Nafisa Ashfaq

 

Grade 12 (Science Stream):

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Tisha Reem – 93%
Daughter of Mr. Rayees Mohammed & Mrs. Tabsira Nakhuda

Several other students across all streams also secured outstanding results, reflecting the institution’s commitment to academic rigor and student success.

As a leading educational institution in Mangalore, Barakah International School & College offers holistic education from Pre-KG through to Degree level, nurturing well-rounded individuals equipped for future challenges.

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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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