Six criminal cases were filed before a court while the remaining eight related to violation of Company Law were filed before the Special Economic Offences Court. The matter had been adjourned to June 11.
Yogeeshwara, who is also the Managing Director of Mega City (Bangalore) Developers and Builders, his wife N Manjukumari, brother C P Gangadhareshwar (Executive Director), relative P Mahadevaiah (Director), H P Ramesh (Non-Executive Director), Sambasadashiva Rao, Arun Charantimath (chairperson) and his wife Sujatha Charanithmath have been arrayed as accused in the complaints.
Standing Government Counsel, Government of India, B P Puttasiddaiah told Deccan Herald that the SFIO submitted a detailed report to the Union Ministry of Corporate Affairs after a probe an year ago and the cases had been filed on the directions of the ministry.
Yogeeshwara and others started MDBL in 1994 and allegedly duped as many as 9,600 investors to the tune of Rs 60 crore by promising them sites.
They are said to have misappropriated the money collected from the investors. The details of the offences have been given in 14 booklets which run into 2,000 pages.
The cases, filed under various provisions of the Indian Penal Code pertain to criminal breach of trust, dishonest misappropriation of property possessed by a deceased person, forgery and criminal conspiracy.
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