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Udupi, Oct 27: The Udupi district police have apprehended a woman accused of orchestrating a massive financial fraud, cheating two individuals out of over Rs 1.45 crore by falsely promising a government subsidy loan under the Prime Minister’s Employment Generation Programme (PMEGP).

The arrested woman, identified as Kaushalya, was taken into custody by the Brahmavar police following a complaint filed by Saritha Lewis, a resident of Herady, Brahmavar taluk.

The Modus Operandi

According to the complaint, Saritha Lewis (39) was introduced to the accused, Kaushalya, in November 2023. Despite initial reservations, Kaushalya allegedly convinced Lewis that she possessed the necessary influence and connections to facilitate a substantial PMEGP subsidy loan.

To gain trust and continue the deception, Kaushalya allegedly impersonated a bank official over the phone during conversations with the victims.

Over time, Kaushalya demanded large sums of money in multiple installments under various pretexts related to the loan's processing. Believing the promises, Lewis transferred a total of Rs 80,72,000 in cash and bank transfers.

In a similar fashion, Kaushalya targeted Lewis's relative, Anjaline D’Silva, collecting an additional Rs 65,00,000 for the same promised PMEGP loan.

The total amount swindled from the two victims collectively amounts to Rs 1,45,72,000, which was collected for a promised PMEGP subsidy loan of Rs 4 crore.

Network of Receivers Under Scanner

The money was reportedly routed through a chain of individuals, with the transfers made to Kaushalya’s own account as well as to her husband, Sandesh, and others identified as Prakash, Ashish Shetty, Rajendra Byndoor, Geeta, Harini, Navya, Kumar, Malathi, Praveen, Hariprasad, Nagaraj, and Bharati Singh.

The Brahmavar police have registered a case and initiated a thorough investigation to uncover the full extent of the fraud and the role of the other individuals involved in receiving the funds. The accused, Kaushalya, remains in police custody as the probe continues. 

Mangaluru: The Kavoor Police have arrested two individuals accused of duping several residents of Mangaluru’s Kavoor area by promising overseas jobs and collecting nearly ₹1 crore without providing employment.

City Police Commissioner Sudheer Kumar Reddy C.H. identified the accused as Prakruthi U. (34) of Anekal taluk, Bengaluru, and Aldon Rebeiro (42) of Gangolli, Kundapura.

Acting on a complaint from multiple victims, police registered a case at the Kavoor Police Station. During the probe, officers recovered 24 passports, allegedly seized from the victims under the pretext of visa processing, along with 43 grams of gold ornaments worth about ₹4.3 lakh and two mobile phones from the accused in Bengaluru.

Both suspects were taken into custody and produced before the jurisdictional court, the commissioner said.

According to investigators, around 40 people were cheated within Kavoor Police Station limits, while another complaint was filed at Mulki Police Station by a victim claiming similar fraud. The investigation is ongoing.

The operation was conducted under the guidance of ACP (North Sub-Division) Shrikant K and led by Inspector Raghavendra M. Byndoor, assisted by PSI Mallikarjun Biradar, Head Constable Nagarathna, and Constables Raghavendra, Praveen, and Riyaz.

NRI entrepreneur Zakariya Jokatte, founder of Saudi Arabia’s Al Muzain Company, has been named one of the recipients of the 2025–26 Karnataka Rajyotsava Awards.

The award, announced by the Department of Kannada and Culture, recognises him under the Non-Resident Kannadiga (NRI) category for his business achievements and social work.

Expressing surprise over the award Zakariya said: “I never applied for it. Some friends must have nominated me quietly. I grew up in poverty, so I know what it means to struggle. Helping others has always been my way of giving back.”

“This honour is both a joy and a reminder of my responsibility to society,” he added.

Born in 1958 in Thokur near Mangaluru, Zakariya is the eldest of five children. He left school early and began working small jobs, including selling jaggery and welding, before moving abroad for labour work. He recalls carrying cement up 28 floors during his early years in the Gulf.

In 2008, he founded Al Muzain Manpower Company in Jubail with his son and three employees. The firm now employs more than 8,000 workers, with plans to expand to 10,000 by 2027.

Over the years, Zakariya has diversified his business interests across Saudi Arabia, the UAE, Bahrain, Oman, Qatar, Kuwait, London and India. He has also invested in education, establishing an international school in Al Khobar in partnership with Yenepoya Institutions, and plans to launch a hospital and medical college.

Based in Bolar, Mangaluru, Zakariya is also known for his philanthropic work. Through the M Friends Charitable Trust, Hidaya Foundation and Zara Family Charity Trust, he supports welfare projects for disadvantaged communities.