ED nabs Shivam Associates chief in Rs 2,111-crore Ponzi probe

Belagavi: The Enforcement Directorate’s (ED) Mangaluru sub-zonal office has arrested Shivanand Siddappa Neelannavar, head of Belagavi-based Shivam Associates, in connection with an alleged multi-state Ponzi scheme involving more than Rs 2,110 crore.In a press release, the ED identified Neelannavar as the key person responsible for managing the flow of funds within Shivam Associates. He was…

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Proposal to add 400 new buses to KKRTC approved

Kalaburagi: The Kalyana Karnataka Road Transports Corporation’s proposal to buy 400 new buses at a cost of Rs 152 crore, has been appoved by the state, during the monsoon session cabinet meeting. Arunkumar MY Patil, chairman of the corporation, expressed his happiness after the decision.Speaking to media in Kalaburagi on Friday, he stated that the…

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Kalaburagi rowdy-sheeter Gajanan externed for one year

Kalaburagi: Police commissioner issued an order externing Gajanan, 37, a B-category rowdy-sheeter attached to Farhatabad police station and an accused in various serious cases, for one year.Gajanan, a real estate businessman and resident of Karuneshwara Nagar near Rama Mandira in Kalaburagi city, faces seven cases registered under various sections at different police stations across Kalaburagi…

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