Director-General of Police (CID) D.V. Guruprasad is here in Belgaum to review the investigation of online frauds perpetuated against gullible investors reported from Belgaum.

CID had registered cases under Prevention of Corruption Act with the State Lokayukta Police against two police officers for abetting and aiding the accused in different cases. One of them is Suresh Naidu, who until recently was serving as Deputy Superintendent of Police and Investigating Officer in a case against “Swiss Cash” company. The other officer is B.P. Chandrashekhar, who served as police inspector of Khade Bazaar Police Station until recently.

Mr. Naidu had helped the accused and benefited a site through third-party dealing, which he sold it and made money. As per investigation, the money made by police officials amounted to about Rs. 37 lakh.

In the six cases, the money collected by online companies amounted to about Rs. 11 crore invested by more than 8,000 people.

The modus operandi was that the accused companies refunded promised funds to early birds as a confidence building measure among investors while those who joined the schemes late were duped. Giving details, he said, “Reliance Services”, run by accused Anand Nayakwad and others, had mobilised Rs. 3 crore from 4,500 investors by promising Rs. 18,750 after a year for an investment of only Rs. 1,060.

Similarly,“Jeevan Dhan Marketing” which collected Rs. 3.92 crore from 26,161 investors but refunded only Rs. 92,000. The company had promised to return Rs. 75,000 on a deposit of Rs. 1,500.

Four cases have been registered against promoters of IQuiz Prashant Chudankar and others; two with Khade Bazaar Police and one each with the Market Police and the Shahpur Police.

This company had lured 1,415 investors by promising 25 per cent returns for a minimum investment of Rs. 1,250 and collected Rs. 4.48 crore. It also refunded Rs. 4.33 crore.

Source: Hindu

Sources said Jatin Sikandar Chabra was here to return money to the people in a bid to prevent them from filing complaints with the police.
A woman from a well-known family was also with Chabra at the time of the arrest. Originally, Chabra is from Delhi but has his business in Surat. He was unable to tell the police how and why he had bought so much cash along with him.

Police are interrogating the case and have access to his bank accounts to get a lead.

In Belgaum, for over a decade there has been a single Multi system operator (MSO) running the show. Many smaller players merged their networks with the big fish.

There were attempts by others to start a MSO but did not succeed.

Now a new MSO Vardraj Cable network (owned by Rajesh Jadhav) is trying to enter the market and over the past couple of months, there have been various incidents of small incidents of cutting cable wire by both parties, use of abusive language against each other etc.

To peak it, Vardraj is planning to start its own news channel in Belgaum and its head Rajdil Jamadar was beaten up badly by unknown people yesterday near Anadwadi.

The miscreants asked him to get down from his bike and beat him with hockey sticks and rods; he was admitted to KLE hospital with critical wounds on his head.

The other two suspects have been identified as Kunal Abhay Gargatti of Belgaum and Jayesh Bhagchandani. All the three have been booked under several sections of the Information Technology Act.

The investigations have revealed that Gargatti and Bhagchandani had requested Bansode to sell the data for the use of a charitable company.

Source: TOI

Nagendra Reddy alias Nagi Reddy alias Vishnu alias Indra Kumar is an accused in a murder case in Bangalore and is also wanted by Interpol for the murder of a techie in the UK.

On May 10 this year, he escaped from the jail ward of Belgaum district hospital, killing a guard in the process. Revealing his naxal connection, Belgaum SP Sonia Narang said, “Reddy has joined hands with the naxals and may have escaped to a Maoist-dominated area in Nepal. We have formed three teams, each headed by a sub-inspector, to nab him.”

Source: Bangalore Mirror

Jagdish Kore being taken away after the sentence

Jagadish Kore, accused On October 19, 2006 had fired bullets on Prabhakar Kore at Mayur theatre in Ankali village of Chikkodi taluk. Three bullets had injured Prabhakar Kore. The doctors of KLE Hospital could remove only two of them. Another bullet is still stuck in his body, as its removal may pose risk to his life.

Huge crowds had gathered around the court area to hear the verdict. The sentenced is termed as highest punishment and fine for an attempt to murder case in the history of Belgaum court.

The burglars keep a close watch on the shop they plan to rob and stay in the said city for over a month.

Source: Express Buzz

The police have made four teams and they are in the process of searching them. In the mean while Police have released sketches of 4 persons based on inputs that are suspected to be the persons behind this loot.

Today morning when the shop was being opened by the owner he saw the shutter being bent and saw that all gold jewelry were stolen, interestingly only Gold jewelry was stolen and the silver ornaments were not touched at all.

SP Sonia Narang was on the spot in the morning and inspected the whole area and said that the police are looking into the theft.