Udupi: Bank staff accused of misusing gold pledged by customers

[email protected] (News Network)
April 4, 2016

Udupi, Apr 4: Five employees of Allahabad Bank have been charged with duping six customers who had pledged gold ornaments and taken loans. The bank staff allegedly misused gold ornaments of these customers for their own private purposes here. The value of the gold ornaments of the six customers is estimated at Rs. 7.57 lakh.

golden
According to a complaint filed by Bimal Krishnan, manager of Allahabad Bank with the Udupi Town Police, Shobha K., a customer from Ambalpady, had pledged 58.56 gm and taken a loan of 1.15 lakh. Similarly, Taj Mohammed of Kaup had pledged 43.1 gm of gold ornaments and taken a loan of Rs.78,000; Krishnanda Nayak pledged 69 gm of gold ornaments and took a loan of Rs. 1.2 lakh; Pratibha S. Rao from Udupi pledged 115.8 gm of gold ornaments and took a loan of Rs. 2 lakh; Shakuntala from Tenkanidiyur pledged 24.2 gm of gold ornaments and got a loan of Rs. 44,000; and Sridhar Rao K. from Udupi pledged 119 gm of gold ornaments and availed a loan of Rs. 2 lakh.

But five employees of the bank – K.H. Pai (the then manager of the bank), Deb Prasad, Satish Shettigar, Bhaskar and Sharath Kumar – instead of depositing the gold ornaments in the locker, used it for their own purposes, which was dereliction of duty and betrayal of trust of the customers. The matter came to light after Ms. Shobha came to the bank on March 10 to get back her gold ornaments. But these ornaments could not be recovered.

The Chief Manager of Zonal Office of the bank conducted an inspection on March 16 and the matter of gold ornaments of five other persons being misused also came to light. A case has been registered under Section 409 (Criminal breach of trust by public servant, or by banker, merchant or agent) of the IPC and investigations were on, the police said.

“We are enquiring with the six accused. Any arrest can be made only after there is some recovery of gold,” said a police officer.

Comments

UMMAR
 - 
Monday, 4 Apr 2016

I HAVE ONE QUESTION IN MY MIND,

WEN WE GIVE AND TAKE LOAN FROM BANK BY KEEPING OUR GOLD THEY WILL CHECK THE WEIGHT OF THE GOLD AND IN THAT THEY WILL PAY US,

BUT WHEN WE GET BACK OUR GOLD FROM THEM,
WHY THEY ARE NOT CHECKING THE WEIGHT BEFORE HANDOVER TO US
, ACTUALLY ALL CUSTOMER MAKE SURE
SHOULD CHECK THE WEIGHT OF GOLD AND VERIFY THE WEIGHT .

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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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News Network
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

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News Network
December 19,2025

Mangaluru: Public transport in Mangaluru is set for a state-led transformation as the government moves to deploy 100 new electric govt buses to replace unreliable private services. The initiative aims to provide a dependable alternative to private operators who have been frequently "cutting trips," leaving thousands of commuters stranded.

The announcement was made by Deputy Commissioner and MCC Administrator Darshan HV during a public phone-in session. The move specifically targets routes where private bus service has become erratic, ensuring that citizens no longer have to rely on a fluctuating private sector for their daily commute.

Restoring the Govt Presence

The transport crisis was brought to the forefront by Ramayya, a resident of Bajal, who highlighted a growing trend of private buses skipping morning and night trips. With the previous KSRTC (govt) services discontinued, residents have been left without a fallback option.

To fix this, the DC confirmed that the PM-eBus Sewa Scheme will bring 100 government-owned electric buses to the city:

•    Phased Deployment: The first 50 of the new 100 government buses are scheduled to arrive by March 2026.

•    State Infrastructure: Two new government depots, including one at Mudipu, are being prepared for operations.

•    Recruitment: The state has already begun training a new batch of government bus drivers to ensure the fleet is operational the moment it arrives.

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