Amidst cash crunch, IT dept seizes Rs 10-cr in poll bound Karnataka

Agencies
April 28, 2018

The Income Tax Department has seized Rs 20 crore cash from various parts of the country, including more than Rs 10 crore in election-bound Karnataka, over the last few days as part of its crackdown on currency hoarders, officials said today.

The ITD said unaccounted cash of Rs 4.01 crore and unaccounted 6.5 kg jewellery were seized during searches conducted against three contractors in Bengaluru, Davangere and Mysore yesterday following specific information.

Of this, cash of Rs 1.2 crore was found in a car after a hot pursuit, the ITD said in a statement.

The department had yesterday said that searches had led to the seizure of Rs 6.76 crore in cash, mainly from the benami lockers in Karnataka.

Thus, the total cash seized in these searches conducted over the last 2-3 days, as part of efforts to locate hoarded cash in various parts of the country, is Rs 20.14 crore, the statement said.

The ITD has also found evidence of inflation of purchases, payments to bogus sub contractors, inflated and fraudulent labour payments, and unaccounted cash payments in the searches in Karnataka.

The Assembly election in Karnataka will be held in a single phase on May 12. The counting of votes for the 224 elected seats in the Assembly is scheduled for May 15.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 16,2026

Mangaluru: Mangaluru’s skyline is set for a high-end transformation as the coastal district of Dakshina Kannada prepares to shed its reputation for lacking premium hospitality. In a massive show of confidence, entrepreneurs have committed nearly ₹500 crores toward the construction of four new five-star hotels, a move experts say will finally plug the "luxury leak" to neighboring states.

For years, Mangaluru International Airport (MIA) has served as a gateway for high-net-worth travelers who, upon landing, promptly departed for Kerala or Kodagu due to a dearth of elite accommodation in the city. These new projects, three of which are backed by local visionary investors, aim to turn Mangaluru into a destination rather than just a transit point.

Mapping the Luxury Boom

The expansion is already in motion, with two major landmarks leading the charge:
•    Gurupura Property: Construction is already underway on a premier resort-style hotel.
•    Kuloor Hub: A sophisticated urban luxury hotel has been proposed for this strategic area.
•    Timeline: All four projects are slated for completion within the next 24 months, promising to fundamentally alter the region's tourism profile by 2028.

Why Now? The Investor Demand

The push for five-star infrastructure isn't just about tourism; it’s a direct response to the city’s industrial and academic evolution. Stakeholders from the IT and corporate sectors have long flagged the lack of premium suites as a hurdle for international business investments.

"Mangaluru is an powerhouse of mega-industries, medical excellence, and a burgeoning IT scene," noted a senior Tourism Department official. "It is an anomaly that a city with this much economic muscle has lacked a five-star anchor. By offering premium hospitality, we aren't just housing tourists; we are inviting global investors to stay, engage, and invest more deeply in our coast."

Strategic Retention

The "drain" of visitors to the neighboring state of Kerala has been a long-standing grievance for local businesses. With these new properties, the district administration expects a significant multiplier effect—benefiting local sightseeing, high-end retail, and the burgeoning medical tourism sector. As Mangaluru accelerates on its development trajectory, the message to the world is clear: the coast is finally ready to host you in style.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 8,2026

jokatte1.jpg

Jubail: Team B-Human (Jubail Unit) hosted a special felicitation ceremony at the Muzain Campus to honour Mr. Zakariya Jokatte, an ad-hoc member of the organisation and a recipient of the prestigious Karnataka Rajyotsava Award.

The event brought together the leadership of Team B-Human along with the faculty and management of Al Muzain, celebrating Mr. Jokatte’s lifelong commitment to social service and his recognition by the Karnataka state government for outstanding contributions to society.

Several prominent community leaders and philanthropists were present on the occasion, who spoke highly of Mr. Jokatte’s humanitarian work and dedication to public welfare.

Addressing the gathering, Team B-Human Founder Asif Deals outlined the organisation’s core mission and values. He urged attendees to watch a documentary highlighting Zakariya Jokatte’s inspiring life journey and achievements, describing it as a source of motivation for the younger generation.

During the ceremony, the management and trustees presented tokens of appreciation to the awardee. A memento was also presented to Team B-Human HQ President, Adv. Zeeshan, in recognition of his leadership and continued guidance.

The event reflected strong collaboration with Team Muzain, with senior management members including Deepak (General Manager), Ritesh (Planning Manager), and Cherian Thomas (Finance Manager) in attendance.

The felicitation ceremony was graced by Chairman Shareef White Stone, Trustees Yunus Manipal, Shahul Hamid, and Bashir Al Falak, and Executive Members Iqbal Buntwal, Nazir Ullal, Ibba Bajpe, Sheriff Adoor, Salim Udupi, Muqthar (Shield Sensor), and Farooq (Port Way).

The programme concluded with a collective call to continue supporting humanitarian causes, echoing the spirit of “B-Human” across both Saudi Arabia and India.

jokatte2.jpg

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 6,2026

sharmila.jpg

Bengaluru A 34-year-old software engineer from Mangaluru lost her life due to asphyxiation after a fire broke out in her apartment in Ramamurthy Nagar late on Saturday night.

The deceased has been identified as Sharmila, a native of Kavoor in Mangaluru. She had relocated to Bengaluru about a year ago in search of better career prospects and was residing in an apartment complex at Subramanya Layout.

The incident occurred around 11 pm when Sharmila was alone in the flat, as her roommate had travelled out of town for the weekend. Preliminary investigations suggest that the fire may have been triggered by a short circuit in one of the rooms. Within a short span, the apartment was filled with dense, toxic smoke.

As the flames spread, the power supply to the building was cut off, plunging the flat into darkness. Police believe that Sharmila, trapped inside the smoke-filled apartment and unable to find an exit or a source of ventilation, succumbed to smoke inhalation.

The fire caused extensive damage to household items, with beds, curtains and other furniture completely gutted. Personnel from the Ramamurthy Nagar police shifted the body for post-mortem examination, which has since been completed. The mortal remains were later handed over to her family.

A case has been registered, and the police have launched a detailed investigation to determine the exact cause of the suspected electrical failure.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.