Both firms lured investors with promised monthly returns of 4-5% Belagavi: Authorities on Friday night raided two finance firms in Belagavi — Grodhan LLP in Tilakwadi and City Index on Mahatma Phule Road — for allegedly collecting public deposits by promising exorbitant returns. The operation, led by sub-divisional magistrate Shravan Kumar Nayak under the direction…
Belagavi: The Belagavi police have decided to transfer the Apex Bizcorp LLP investment fraud case to the criminal investigation department (CID), making it the third major deposit scam from the district to be handed over to the agency in the past two months.The earlier cases involving Shivam Associates and Adityaraj Capital were also referred to…
The firm operated on two fronts—mobilising public funds and offering investment opportunities—but failed to adequately inform investors about associated risks. Instead, they were enticed with unusually high and assured returns, said investigators Belagavi: Preliminary investigations into Adityaraj Capital Private Limited have revealed an alleged pyramid or Ponzi-style investment scheme that attracted 6,500–7,000 investors across multiple…
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…
Belagavi: A senior doctor battling cancer allegedly died by suicide at his residence on Mandoli Road in Belagavi on Friday morning. Dr Dinesh Laxman Bhatkal, 79, was identified as the deceased. He hailed from Ankola taluk in Uttara Kannada district and had retired from a private institution after four decades of service in the medical…
