31 investors from Bengaluru figure in Panama Papers list

April 24, 2016

Bengaluru, Apr 24: The Panama Papers expose includes names of 31 investors from Bengaluru in the tax haven of British Virgin Islands (BVI).

The list, released by International Consortium of Investigative Journalists (ICIJ), reveals the names of lesser known investors who have mentioned their city address.

panama
Some of the investors include Pradeep Ramanarasimha Setty Kare, director, Laxmi Vilas Bank, Suresh Kumar Sarada Devi Krishna Pillai, a resident of Marathalli. Karuturi Sai Ramakrishna, a floriculturist and MD of Karuturi Global Ltd based in Bengaluru with a Sadashivanagar address.

Setty has been a shareholder and director of two companies in BVI - Smart Ideas Group and Wideview International Group Ltd - since 2007. It is not known if he has declared his investments in BVI with the income tax authorities.

Wikileaks connection

Interestingly, Pillai's name is also part of the Wikileaks for his involvement with a Singapore-based company. He has invested in Technomic Processors Pte Ltd, which has invested in Jupiter Alliance Ltd, a BVI business company. Pillai is also the director of Jupiter.

On the other hand, Karuturi Ramakrishna has made investments in Maxworth Investment Ltd, Appointcorp Ltd and is a shareholder of Vericon Zot International Ltd in BVI.

Other names

A few other prominent names from Bengaluru are H J Siwani and M J Siwani of H M Constructions (Benson Town address). Siwanis of H M Constructions are directors of Habitat Holdings Enterprise Inc in BVI.

Similarly, Rajiv Sawhney (Abbas Ali Road, Bengaluru), former MD and CEO of Mahindra Holidays and Resorts India Ltd and former chief executive officer of Telecom Business Group of Essar Global Fund Ltd has investments in BVI-based companies.

Rajiv Sawhney and Kamini Sawhney are directors of Brookwood Worldwide Ltd in BVI. One more name, Edakkana Sham Bhat Mahabaleshwara with a Kodigehalli address, also figures on the list.

Bhat is the director of Sharan Life Sciences Pvt Ltd and a sole director of SNB Invest. SNB was incorporated under the laws of the Russian Federation with an authorised and paid up share capital of 9,957,160 Russian roubles.

He is the director of Unitrust Corporate Services Ltd, Helix Universal Ltd, Directors Ltd and Standard Prelomest Holdings Ltd in BVI. He is also the share holder in Euro Asia Dynamic Ventures Ltd in BVI.

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News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

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News Network
December 19,2025

Mangaluru: The Mangaluru CEN police have arrested a 23-year-old man for allegedly posting provocative and misleading content on an Instagram page named “mr_a_titude”, targeting the Bajpe police.

Mangaluru Commissioner of Police Sudheer Kumar Reddy C H identified the arrested as Abhishek M, a resident of Katipalla in Mangaluru.

A case has been registered at the Bajpe Police Station under Sections 353(1)(c), 353(2), 56, and 57 read with Section 189 of the Bharatiya Nyaya Sanhita (BNS) in connection with the post.

According to police, the accused uploaded a photograph of a hotel on the Instagram page and alleged that accused persons in a murder case under the Bajpe police jurisdiction were being given “royal treatment” by the police, including being served beef meals daily from the hotel.

The post further accused the police of supporting criminals, misusing their authority, and betraying public trust. Police said the content was provocative in nature and aimed at inciting public outrage against the police.

Following the post, a case was registered at the Bajpe police station, and further investigation was transferred to the CEN police station.

Police records indicate that the accused has a criminal history, with multiple cases registered against him, including murder, attempt to murder, assault, and robbery at the Surathkal Police Station, and one case at the Kaup Police Station.

The Commissioner said the accused was traced and arrested using technical evidence.

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News Network
December 5,2025

Mangaluru: In a significant step to curb online hate and intimidation, Mangaluru City Police have registered a suo motu case against multiple Instagram accounts accused of circulating alleged provocative and threatening content.

While monitoring social media activity on Tuesday, Kankanady Town PSI Anitha Nikkam identified the Instagram handle ‘team_targetttt_900’ for posting a hate message alongside images of lethal weapons. Another account, ‘team_nagara_900’, allegedly shared a threatening post targeting activist Bharath Kumdelu, tagging additional pages such as KARAVALI-OFFICIAL.

Several other accounts — including ‘immu_bhai.fan’, ‘target_boy_900’, ‘kings_of_manglore’, ‘team_target_boys.900’, ‘arshad_mangalore’, ‘target_ka19_ullal’, ‘team_target__’, ‘troll_tigersz_900’, ‘tr_group_900’, and ‘team_target_900’ — are also under scrutiny for spreading similar inflammatory material, police said.

Authorities have urged citizens, especially young social media users, to report suspicious pages and avoid engaging with groups that glorify violence or threaten individuals. Online hate can quickly escalate into real-world harm, and police stress that sharing or promoting such content can attract legal consequences.

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