Cash flowing into poll-bound Karnataka: I-T dept

DHNS
April 22, 2018

Bengaluru, Apr 22: Director General of Income Tax, Investigation, Karnataka and Goa, has stepped up its surveillance and monitoring activities as part of enhanced alertness in the wake of Assembly elections in Karnataka on May 12.

The I-T leuths believe that currency notes seem to be flowing in poll bound Karnataka.

So far, the sleuths have seized Rs 4.13 crore cash and 4.52 kg gold jewels valued at Rs 1.32 crore.

Majority of the currency notes seized are in denomination of Rs 2000 and Rs 500. Out of Rs 4.13 crores, an amount of Rs. 4.03 crore is in these denominations.

“When people are finding it difficult to withdraw notes from banks and ATMs, seizure of high denominations is raising eyebrows,” states a press release from Director General of Income Tax, Investigation, Karnataka and Goa.

Bengaluru city tops the list of seizures made with Rs. 2.47 crore, followed by Ballari with Rs 55 lakh.

The department is into intelligence gathering at various places of public transport and its Air Intelligence Units are keeping close watch in all the airports in Karnataka and also in the neighbouring Goa. “There are are reports of cash shortage in some parts of the country, cash seems to be flowing into poll bound Karnataka,’’ it said.

A person carrying Rs 16.5 lakh was intercepted at one of the airports, but he failed to explain source of the cash. The sleuths seized Rs 37 lakh cash from his Mumbai premises. In total, the sleuths have seized Rs 53.50 lakh unaccounted cash from him.

In one of the districts, a contractor had transferred Rs 55 lakh to a person who had withdrawn it. The taxmen detained the duo and the contractor admitted to concealment of Rs 16 crore.

In another case, household articles worth Rs 9.51 crore intended for distribution was found in a warehouse near Mysore. During the investigation, it was established that the articles were meant for distribution.

The sleuths have informed the district election officer to initiate measures against distribution of the articles. In another case, Rs 50 lakh was seized from a private person.

The Income tax department has set up 24x7 control room in Bengaluru to receive complaints. It has also formed strike teams with statutory powers in all districts. The department is keeping a strict vigil in all airports in Karnataka and Goa.

The Investigation Wing has collected contract payment details of the last quarter and is comparing them with previous years’ details to identify abnormal cases. The sleuths are co-relating bank transactions and cash withdrawals, the release stated.

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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.

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News Network
January 6,2026

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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.

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News Network
January 7,2026

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Mangaluru: In a decisive move aimed at reshaping the economic future of the Beary community, the Bearys Chamber of Commerce and Industry (BCCI) formally launched its Youth Wing at a well-attended ceremony held at Ocean Pearl Hotel, Mangaluru on January 6. Bringing together business leaders, professionals, policymakers, and young aspirants, the event highlighted a shared resolve to build the community through entrepreneurship.

Delivering the keynote address, BCCI General Secretary Mohammed Imthiyaz outlined the motivation behind the formation of the chamber and its newly launched Youth Wing. He candidly spoke about the structural and mindset gaps that have historically held back the Beary community as a business force when compared to other established trading communities in India. These shortcomings, he said, can only be addressed through focused mentoring, collective effort, and by encouraging the younger generation to think beyond conventional boundaries.

“The future lies in empowering our youth to lead from the front and position the Beary community among India’s strongest business communities,” he said.

Guest speaker Yezdani Feroze delivered a thought-provoking address, asserting that the Beary community has the potential to lead Indian Muslims through trade and entrepreneurship. He stressed that success is not merely a reward for hard work, but for clear thinking, describing entrepreneurs as “professional thinkers.”

“The ummah cannot afford to produce more job seekers,” he said. “We need job creators, innovators, and history makers.”

Highlighting the power of ideas, Feroze reminded the audience that every invention—from mobile phones to everyday furniture—was once just an idea someone chose not to abandon. He called for the establishment of idea forums to nurture young entrepreneurs and help transform concepts into viable enterprises.

The programme also featured the felicitation of M A Gafoor, newly appointed Chairman of the Coastal Development Authority, and Shahid Thekkil, Chairman of the Karnataka Minimum Wage Board Commission. Thanking the organisers, Gafoor reaffirmed his commitment to the development of coastal Karnataka, with a special focus on boosting tourism. Shahid Thekkil expressed confidence that BCCI would play a pivotal role in producing a new generation of entrepreneurs from the community.

Presiding over the event, S M Rashid Haji officially announced the inauguration of the Youth Wing and emphasised that the initiative goes far beyond symbolic launches or routine meetings.

“This is about building entrepreneurs and investing in long-term community development,” he said.

Four coordinators were appointed to lead the Youth Wing: Zeeshan Ramlan (CEO, Talentzy), Ashhar Abdul Razak (Hajjaj Group), Ayaan Haris, and Muhammed Shahbaz.

The event brought together prominent business leaders, professionals, policymakers, and young aspirants, underscoring a shared vision of entrepreneurship-led community growth. 

Earlier, the programme included the recitation of the Holy Quran by Badruddin Panambur. Nissar Fakeer Mohammed, Secretary of BCCI, welcomed the gathering and served as the Master of Ceremony. The event concluded with a vote of thanks by BCCI Treasurer Mansoor Ahmed.

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