Shivam Associates scam: Thousands fear loss as CID takes over probe
Preliminary investigations indicate that between 35,000 and 45,000 depositors from Karnataka and several other states had invested in the scheme Belagavi: Panic and uncertainty have gripped thousands of investors who collectively invested lakhs and crores of rupees in an alleged Ponzi scheme run by Shivam Associates, following the arrest of its proprietor, Shivanand Neelannavar.Preliminary investigations…