Shivam scam may run into Rs 7,000 crore, say experts | Hubballi News
Belagavi: The alleged multi-crore deposit scam involving Shivam Associates, owned by Shivanand Neelannavar, has sent shockwaves across Karnataka, with fresh estimates suggesting the fraud could be far bigger than initially assessed.Following raids on the company’s offices, the district administration had pegged the scam size at around Rs 4,600 crore. However, financial experts now believe the…