Adityaraj Capital under lens after depositor fund diversion charges | Hubballi News

Belagavi: Close on the heels of the Shivam Associates deposit scam, another financial firm in Belagavi has come under scrutiny, raising fresh concerns among depositors. Officials on Thursday raided the office of Adityaraj Capital in Bhagya Nagar following allegations that funds mobilised from the public were illegally collected and diverted into unrelated business activities.The raid…

Read More

Belagavi sets up anti-fraud cell post Shivam Associates scam | Hubballi News

Belagavi: In the wake of the multi-crore deposit scam involving Shivam Associates, the district administration has established a dedicated fraud prevention cell at the deputy commissioner’s office to monitor and curb illegal financial activities in the district.A district coordination committee has also been constituted to oversee firms suspected of operating Ponzi schemes by luring investors…

Read More