24-year-old accountant gives up over Rs 100-cr business to become a monk

Agencies

April 21, 2018

Ahmedabad, Apr 21: A 24-year-old chartered accountant belonging to an affluent Jain family has embraced monkhood today. In the process, he has given up on his career and a family business worth over Rs. 100 crores.

Mokshesh Sheth managed his family business for two years after becoming a chartered accountant (CA). In a ceremony held in Gandhinagar today, he gave it all up and became a Jain monk. Life after accepting monkhood for Mokshesh Sheth would mean that he would be unable to enjoy luxury of a householder and has to be detached emotionally from other people, places or things.

From today onwards, the eldest son of Mumbai-based businessman Sandip Sheth, will be known as 'Karunapremvijay Jee', said his uncle Girish Sheth.

Mokshesh's family originally belongs to Deesa town of Banaskantha district in Gujarat and is now settled in Mumbai. The family is into aluminium business and Mokshesh handled the operations after becoming a chartered accountant in his first attempt.

Yesterday, 12-year-old Bhavya Shah from Surat, son of a millionaire diamond merchant also embraced monkhood. "I am happy to take the path of truth shown by God," Bhavya Shah said.

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Udupi NRI duped of Rs 12.25 lakh in Telegram investment scam

News Network

December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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