CBI arrests Kasargod Ponzi scam-accused on deportation from Saudi Arabia

coastaldigest.com news network
March 28, 2021

Kasargod, Mar 28: The Central Bureau of Investigation has arrested an absconding accused Sudeer Muhammed Cheriya Vannarakkal, an economic offender, at Delhi who was deported from Kingdom of Saudi Arabia. He was involved in five cases registered in CBI at Chennai.

CBI had got issued a Red Notice through Interpol against the accused. The accused was located in Saudi Arabia and with the close assistance and coordination with the authorities in Saudi Arabia through Interpol channels, he was deported back to India.

The arrested accused will be produced before a court at Ernakulam (Kerala).

CBI had registered five cases on the Orders of Kerala High Court and taken over the investigation of the cases, earlier registered at Police Station Kasargod (Kerala).

In four cases, it was alleged that the accused and others floated a private company based at Kasargod, made false promises and representations to the public at large with the assurance to return of investment with exorbitant rate of interest after 61 days of their investments and also promised to pay commission of 2 per cent per month to the agents who had mobilized the investments for the said company.

During investigation, it was found that from 2009-11, all the accused had entered into conspiracy at Kasargod and other places, floated a fraudulent scheme called Forex trade (trading with foreign currencies). They promised monthly returns of 7% on principal to the depositors and 2% to the agents for mobilizing the depositors.

They collected huge deposits in cash to the tune of around Rs 9,93,68,000 from depositors and cheated them by not repaying the assured returns as well as the principal amount, thereby causing huge loss to the depositors.

After investigation, a chargesheet was filed in the Court of Chief Judicial Magistrate, Ernakulam. The accused were declared as Proclaimed Offenders by the Court.

The fifth case was registered on the allegations that the accused induced the complainant to arrange Rs 50 lakh as deposit and promised to give monthly returns arising out of his business to the depositors. The Complainant allegedly invested Rs 19 Lakh in the year 2011 in the said company and the accused did not pay returns or the principal amount to the complainant.

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News Network
November 24,2025

Mangaluru, Nov 24: The original departure time of 11.10 pm was a distant memory for scores of Dammam-bound passengers at Mangaluru International Airport last Friday night, as their Air India Express flight was abruptly cancelled at the eleventh hour, sparking hours of frustration and chaos.

The flight, IX 885, initially scheduled to depart at 11.10 pm on November 22, was subject to two back-to-back reschedules—first pushed to 11.45 pm and then significantly postponed to 1.40 am—before the final, crushing announcement of cancellation was made. For the travellers, many of whom are likely expatriate workers with tight schedules, the last-minute change marked the beginning of a distressing ordeal.

"There was no drinking water, no food, and absolutely no proper guidance. We were left stranded like refugees," complained a stranded passenger.

According to multiple passenger accounts, the airline's ground staff failed to provide adequate support or essential amenities following the cancellation. Complaints poured in about the total absence of drinking water, food provisions, and any reliable guidance from the carrier's representatives. Travellers alleged they were left stranded for a considerable period, with no immediate arrangements or clear communication offered regarding accommodation or alternative travel to send them back home.

The incident has highlighted serious concerns over the carrier's contingency planning and customer service protocols during flight disruptions at one of India's key international gateways. The airline is yet to issue a comprehensive statement addressing the alleged lapse in passenger care.
 

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News Network
November 27,2025

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Bengaluru: The Vokkaligara Sangha on Thursday issued a stern warning to the Congress, saying the party could face serious electoral repercussions if Deputy Chief Minister D.K. Shivakumar is not appointed as Chief Minister.

The warning follows the public backing of Shivakumar’s chief ministerial ambition by top Vokkaliga pontiff Nirmalanandanatha Swami, who urged the Congress high command to honor his claim.

“The community supported Congress in the 2023 Assembly elections only because Shivakumar had a real chance to become CM. If he is cheated, we’ll teach the party a big lesson,” said newly elected Sangha president L. Srinivas. He added that Vokkaligas would organize protests under the guidance of community leaders.

General Secretary C.G. Gangadhar pointed out that Congress won more seats in the Vokkaliga-dominated Old Mysuru region due to Shivakumar’s influence, adding, “If Congress wants to retain power, Shivakumar should be made the CM.”

Outgoing president Kenchappa Gowda emphasized Shivakumar’s contribution to Congress’ victory. “Our community voted for Congress thinking he would become CM. Siddaramaiah has also served the party well, but Shivakumar should now be given a chance,” he said.

Former general-secretary Konappa Reddy appealed to Sonia and Rahul Gandhi to recognize Shivakumar’s loyalty and service, saying, “Congress is known to keep its promises. We hope it won’t break the promise made to him.”

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coastaldigest.com news network
December 2,2025

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Udupi, Dec 2: A wave of regional pride is sweeping through Udupi district as Shagun S Verma Hegde, a talented Class 9 student from Christ King English Medium High School, Karkala, has been named the captain of the Indian National Team for the Under-15 Girls’ Volleyball Championship.

Shagun holds the unique distinction of being the sole player from Karnataka selected to represent the country in the prestigious international tournament. The championship, organized by the School Games Federation, is scheduled to take place in Shangluo, China, from December 3 to 13, where Shagun will lead the national squad.

A Remarkable Journey to the Top

Shagun’s selection is a testament to her dedication and exceptional skill on the court. Her journey included several rigorous rounds of selection:

•    She was the only player from Udupi district to qualify for the state-level selection camp.

•    Out of eight players from Karnataka who advanced to the national selection camp in Pune, Maharashtra, Shagun was the only one to secure a place in the final national squad.

•    The national camp saw participation from approximately 200 players, which was shortlisted to 23. Shagun not only made the final cut but was also ranked as the second-best player overall, solidifying her leadership role.

Shagun, who is the daughter of Sandesh Verma and Shruthiraj of Kallotte, Karkala, has trained under experienced coaches Santosh D’Souza, Jeevan D’Silva, Jairaj Poojary, and Ramesh. Her selection as the team captain has brought profound honour to her family, school, the Udupi district, and the entire state of Karnataka.

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