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 23,2023

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New Delhi, Nov 23: An apparently inebriated 16-year-old stabbed another teen more than 55 times, slit his throat, dragged the body through the street and did a jig while he carried out the grisly crime in east Delhi’s Welcome colony earlier this week, police said on Thursday.

Some of the horrifying details of the killing in Janta Mazdoor Colony on Tuesday were captured on CCTV, the 2.23 minute footage also showing the accused threatening those around him.

The accused, who was taken into police custody on Wednesday morning and has confessed, did not know the 17-year-old who he had approached for money to buy biryani, officials said.

"We have already recovered the weapon used for murder. We are investigating from where he procured the knife," Deputy Commissioner of Police (northeast) Joy Tirkey said.

The crime took place around 11.15 pm on Tuesday. The victim was rushed to hospital but died on the way.

The CCTV footage shows the accused teen dragging a person through a narrow bylane and going on a stabbing spree.

"He did not stop there. He was seen dancing while doing the gruesome act. A person tried to open a door to see what was happening, but the accused threatened him by brandishing a knife," an official investigating the crime said.

It all started when the victim refused to buy biryani for the accused, apparently sending him into a wild rage. There was a verbal spat, which soon turned into a scuffle.

"The accused overpowered the victim who was 17 years old and a resident of Jafrabad. He first choked him till he was unconscious and took out a mini knife out of his pocket and stabbed him multiple times. He then dragged him to a bylane where he continued to stab him on his face, neck, back, beneath eyes more than 55 times,” the official said.

Detailing the crime, he added that the accused was seen shouting at people to stay away.

“The accused was under the influence of alcohol at the time of incident," said the investigator.

It did not end there.

"We were also taken aback... the accused after the entire act holds the lifeless body by the hair and drags him back to the same narrow area. He robbed Rs 350 from the victim and fled. We have already apprehended the accused, who had confessed and weapon of murder has been recovered," an investigator said.

"The CCTV footage helped us for the identification of the accused who was arrested immediately by police team," said the DCP Tirkey.

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News Network
November 24,2023

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There are reports of "intense shooting" by Israeli forces east of Khan Younis and Rafah after a four-day ceasefire went into effect on Friday morning.

Al-Jazeera reported that two Palestinians were killed and another was wounded by Israeli soldiers shooting at hundreds of people who tried to return to the north of the besieged Gaza Strip.

Some of those wounded have been evacuated to a hospital in Deir al-Balah, central Gaza, according to Palestinian news agency Wafa.

The Israeli military also warned Palestinians that the "war is not over", telling them not to try to return to homes in the northern part of Gaza, which it described as a "dangerous war zone".

Gaza residents said the Israelis had dropped leaflets warning people not to travel north and have fired over the heads of some people who were trying to get back into Gaza City.

Israeli attacks had raged in the hours leading up to the truce, with officials inside the enclave saying a hospital in Gaza City was among the targets bombed.

Sirens sounded in two Israeli villages outside the southern Gaza Strip, warning of possible incoming Palestinian rockets. The Israeli military also said fighting would resume soon.

"This will be a short pause, at the conclusion of which the war and fighting will continue with great might and will generate pressure for the return of more hostages," Israeli minister of military affairs Yoav Gallant said.

Meanwhile, the International Committee of the Red Cross in Israel and the Occupied Territories confirmed the death of one of its aid workers who had worked for more than 20 years for them.

"We are devastated by the killing of our valued colleague Abdellatif Ali Moussa, along with several of his family, in northern Gaza," they said in a post on X, formerly known as Twitter.

Israel launched the war on Gaza after Hamas launched Operation al-Aqsa Storm inside the occupied territories on Oct. 7.

At least 14,854 Palestinians, including more than 6,150 children and 4,000 women, have been killed and over 36,000 others injured in the Israeli strikes.

Some 207 health workers and 65 Palestinians are among those killed, while 7,000 Palestinians are still missing.

According to the report, 60 percent of homes in Gaza have either been destroyed or damaged due to the aggression. 

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News Network
November 28,2023

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Bengaluru, Nov 28: The probe into the foeticide racket that recently came to light in Bengaluru has led to shocking revelations as the accused told the police that they had aborted 3,000 female foetuses so far. 

Bengaluru Police Commissioner B Dayanand told reporters on Tuesday that the investigations have shown that the accused had carried out 3,000 abortions so far and in the last three months itself, 242 female foetuses were killed.

The accused had set a target of 1,000 abortions per year to make money as they charged anywhere between Rs 20,000 to Rs 25,000 per termination of pregnancy. The scam came to light when Byappanahalli police, on October 15, tried to stop a vehicle moving suspiciously. The vehicle’s driver did not stop and had to be chased by the police before being caught.

During interrogation the accused spilled the beans about the abortion racket. The police have arrested nine people till now, including two doctors and three lab technicians for their involvement in the nefarious activity.

Two of the arrested were also found to be involved in a kidnapping case, Commissioner Dayanand stated. Home Minister Dr G Parameshwara has stated that the investigation into the case will be completed soon and everything will come out in the open.

The probe also revealed that abortions were conducted at a jaggery production unit in Mandya district where the accused had set up a lab and related facilities. Mandya Assistant Commissioner Shivamurthy stated that the jaggery production unit has been seized as per the orders of the District Commissioner.

According to police sources, two doctors - Chandan Ballal and Tulasiram - were the prime movers of the foeticide racket. Dr Ballal, who ran Mata hospital in Mysuru, was arrested last Friday last from a farmhouse in KR Pet. Though most of the abortion deals were struck at Mata hospital, the procedures would be performed at an ayurveda hospital nearby. Dr Ballal’s wife Meena Ballal and receptionist are also among the nine arrested. 

The other arrested in the case are Shivalingegowda from Mysuru, Nayan Kumar and Naveen Kumar from Mandya district, and TM Veeresh of Davangere district. The police have also taken Sunanda, wife of Shivalingegowda, into custody. Another prime accused Dr Mallikarjun, and his associate Siddesh were absconding. 

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