ACB raid unearths govt official’s assets worth Rs 15 crore

March 4, 2017

Mysuru, Mar 4: Sleuths of the Anti-Corruption Bureau (ACB) raided the house, office and other properties of Ranganatha Naika, Superintending Engineer, Rural Drinking Water and Sanitation Department, Mysuru, on Friday and recovered valuables and documents pertaining to assets worth Rs 15 crores.

Teams of ACB personnel simultaneously searched Mr. Naika’s residence at Vijaynagar in Mysuru, his multi-storeyed apartment complex at Nagawara in Bengaluru, his farmhouse in Chikkamagaluru and his office in Mysuru.

The sleuths searched for documents of properties in his name and other benami properties held by him.

“The documents have been seized and investigation is on,” said a statement issued by ACB.

According to the statement, the documents and valuables recovered during the searches include a six-storeyed apartment complex near Manyata Tech Park in Bengaluru valued at Rs. 11 crore, a flat in Malleswaram valued at Rs. 68 lakh, a BDA site in Vishveshwaraiah layout valued at Rs. 80 lakh, a flat in Mysuru valued at Rs. 25 lakh, a farmhouse in Sakkarayapatna in Chikkamagaluru district valued at Rs. 40 lakh, besides 14 acres of land nearby estimated to cost Rs. 40 lakh.

The valuables seized during the searches include 2 kg and 300 g of gold jewellery, 8 kg of silver articles, two cars and a motorcycle, Rs. 60,000 in cash from the house in Mysuru, besides Rs. 35 lakh deposited in two different banks.

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‘Profit’ trap: Mangaluru trader duped of ₹33.1 lakh in online App scam

News Network

December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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