ED arrests ponzi company MD Misbah Mukarram for allegedly defrauding people

News Network
November 17, 2022

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Bengaluru, Nov 17: The Directorate of Enforcement (ED) has arrested the managing director of Injaz International, Misbahuddin S alias Misbauddin S Mukarram under the Prevention of Money Laundering Act (PMLA), 2002. The accused had allegedly cheated people of huge funds in a Ponzi scam.

According to ED officials, during the investigation of the scam, they found that the accused had cheated the investors by siphoning off huge sums of money after luring depositors with promises of high returns against their investment. 

A special PMLA court on Thursday remanded Misbahuddin in ED custody till November 19. 

ED had initiated a money laundering investigation on the basis of an FIR registered against M/s Injaz International and associated Group located at Bengaluru under sections of Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and Chit Funds Act, 1982 and under section 420 of IPC by Wilson Garden Police Station in September 2017.

The then revenue inspector of Yelahanka taluk tahsildar's office, Ananth Padmanabha, had filed a complaint with the police against Injaz International stating that a probe was conducted after the 42nd State-level coordination committee meeting. The company had taken deposits from thousands of investors promising them high returns and cheated them. The case was transferred to CCB. Misbahuddin was arrested by CCB in 2019 for cheating people to the tune of Rs 250 crore. 

The ED found that M/s Injaz International is a partnership firm that was run by Suhail Ahamed Shariff and Misbahuddin S. M/s Injaz International accepted deposits from investors, cheated them and violated RBI guidelines. M/s Injaz International ran investment schemes by luring depositors with promises of high returns since the year 2016. The money was routed through multiple bank accounts, the firm had not done audits or had filed ITR returns.

M/s Injaz International diverted the amount from depositors to various individuals including its partners and related entity M/s Injaz Builders and Developers. Further investigation is on. 

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News Network
November 17,2022

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Udupi, Nov 17: A teenage girl lost her life and her fiancé suffered injuries when their two-wheeler was hit by a speeding tipper truck on Wednesday, November 16, NH 66 at Ucchila in Udupi district.

The victim has been identified as Ayisha Nihala (18), resident of Kanchinadka. Her fiancé Mohammed Sharif, resident of Belapur is undergoing treatment in a hospital. 

It is learnt that both Ayisha and Mohammed were engaged and their marriage was to take place in January 2023.

Mohammed is employed in a gulf country and came to native place just a day before the tragedy. Ayesha and Mohammed had gone to Udupi to buy a dress and were returning to Padubidri.

It is said that the negligence on part of the tipper truck driver led to the tragedy. D

Nihala’s father, who is a mason, had reportedly planned to conduct the marriage of both his daughters together. The family members are now shell-shocked by the death of younger daughter. She is survived by father, mother, elder sister and two brothers.

Police said that tipper driver Mohammed Ziyad did not have a heavy duty driving licence. Padubidri police have registered a case and taken the driver into custody.

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News Network
November 22,2022

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Riyadh, Nov 22: Custodian of the Two Holy Mosques King Salman has issued directives on Tuesday that Wednesday, Nov. 23, will be a holiday for all employees in the entire government and private sectors, as well as for students in all phases of education.

This is in line with the recommendation of Crown Prince and Prime Minister Mohammed bin Salman to celebrate the joyous occasion of the stunning victory of the Saudi national team against Argentina in their opening game of FIFA World Cup 2022 Qatar.

The Green Falcons defeated soccer superstar Lionel Messi’s Argentina, the two-time World Champions, 2-1 in the match held at Lusail Stadium in Qatar.

Saleh Al-Shehri and Salem Al-DawsarI scored for the Green Falcons in the second half of the match while the lone goal of Argentina was a penalty scored by Messi.

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News Network
November 22,2022

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New Delhi, Nov 22: In a new twist to the row over viral videos of Delhi Minister Satyendar Jain receiving massages in jail, the Aam Aadmi Party (AAP)'s claim that these were "physiotherapy sessions" has been refuted by sources who say the "masseur" in the video is a prisoner in a rape case.

The man giving the AAP minister a massage in the security videos is Rinku, a prisoner charged with rape under the stringent Protection of Children from Sexual Offences (POCSO) law, according to official sources at Tihar Jail. He was arrested last year after his own daughter, a class 10 student, accused him of assaulting her.

The CCTV videos, dated September 13, 14 and 21, are the subject of a fierce row between the AAP and the BJP in the run-up to the Delhi civic elections next month.

The videos surfaced days after the Enforcement Directorate accused Mr Jain, who was arrested in a money laundering case, of getting special treatment inside Tihar Jail. The "VIP treatment" allegation led to the transfer of at least 12 Tihar jail officials besides the Director General (prisons), Sandeep Goel.

Mr Jain was seen getting massages and chatting with people sitting in his cell, which is not allowed in prison. Neither are physiotherapy sessions allowed in a prisoner's cell, said officials.

As the videos went viral, bolstering the BJP's demand to move the minister out of Tihar Jail, AAP leaders claimed Mr Jain was receiving physiotherapy for a spinal injury.

AAP has not commented on the new revelation, which was seized by the BJP.

"Rape accused Rinku was giving massage to Satyendra Jain. Rinku Accused under Pocso and IPC 376. So it was not a physiotherapist but a rapist who was giving maalish to Satyendra Jain! Shocking. Kejriwal must answer why he defended this and insulted physiotherapists," tweeted Shehzad Poonawalla, BJP spokesperson.

Even on Monday, Arvind Kejriwal strongly refuted the BJP's allegation of VIP treatment to his minister, sticking to the "physiotherapy, not massage" argument.

"They are calling it a massage and VIP treatment, but it's merely physiotherapy," Mr Kejriwal told reporters on the sidelines of his campaign in Gujarat's Vadodra.

Mr Jain has been in jail since June. A Delhi court denied his bail request last week.

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