Main accused of multi-crore Global Index fraud nabbed

[email protected] (CD Network, Photos by Savitha B.R)
July 12, 2011

Mangalore, July 12: Mangalore city police arrested the prime accused in a multi-crore fraud case on Monday night and recovered cash and other valuables worth Rs 65 lakh from his procession.

Police on reliable information, nabbed the accused Praveen Shetty (24), near Hotel Grand Meridian, Sheshadripuram, in Bangalore and brought to the city.

Praveen Shetty son of Sadashiva Shetty, a resident of Perdoor in Udupi district, was absconding in Chandighar, Dargiling and Vishakpatna.

City Police Commissioner Seemanth Kumar Singh addressing the media persons here on Tuesday said, with the arrest of Praveen, the total number of arrested in this case increased to five. Four persons Vasantha KD of Sullia, Shekhar Bhat of Belthangady, Ashok Kumar of BC Road and T Koragappa Poojary of Puttur were already arrested.

The fraud had come to light on March 4, when two people, who had invested a huge amount of money with one Global Index Investment Company (GIIC) operating in Mahendra Arcade Complex, Karangalpady here, lodged separate complaints against it at Kadri Police station after realising that they were utterly deceived by the company.

It is said that the company has duped Rs 11 to 12 crore to nearly 2500 people in Mangalore city alone.

Warning

Mr Singh asked the public to be alert when such companies advertise offering highest interest rate for investment. Companies such as Global Index, Nano Forex, Uni Pay to You, SPM Infotech, La-Green Ma, Guru Teak Investment Pvt Ltd duped the public several crores of rupees in Mangalore alone.

He said any such companies cannot offer highest interest rate more than what Reserve Bank of India has fixed. 11 cases in Mangalore East police station, six cases each in Urwa and Surathkal police stations, four in Ullal, one case each in Mangalore North, Mangalore South and Urwa Police Stations have been registered. 11 accused have been arrested in all the cases.

He also requested the public to inform police department if such companies or any firm comes up luring huge profit.

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News Network
December 2,2025

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Bengaluru: 'Nati koli saaru' (country chicken curry) considered one of Chief Minister Siddaramaiah’s favourites along with steaming hot idlis was on the breakfast menu at Deputy CM D K Shivakumar’s residence on Tuesday, according to official sources.

The spread also included 'nati koli' fry, vada and pongal, among other items, they said.

In an apparent show of unity, Siddaramaiah visited Shivakumar’s residence for breakfast, just days after the two leaders shared a meal amid a simmering power tussle in the state Congress.

Siddaramaiah drove to the Deputy CM’s residence in Sadashivanagar, where he was received by Shivakumar and his brother D K Suresh, who is a former Congress MP.

Suresh and Kunigal MLA H D Ranganath, a relative of Shivakumar, joined them for breakfast, which featured a mix of vegetarian and non-vegetarian dishes.

Speaking to reporters later, Siddaramaiah said Shivakumar had invited him during his visit to the CM’s residence for breakfast on Saturday.

Asked about the difference between the two meals, the chief minister said, "At his (Shivakumar’s) house it was non-veg, while at my house it was veg. He is a vegetarian, I am a non-vegetarian. I had not prepared non-veg. I told DK to get chicken from the village as you won’t get the original in Bengaluru."

Shivakumar said he had initially invited Siddaramaiah to his residence, but the CM had suggested visiting his place first and reciprocating later. "It was a vegetarian breakfast at the CM’s house on Saturday," he noted.

"Today, I invited him (the CM) to my house. He enjoyed the breakfast, which had his Mysuru taste," Shivakumar added. At this point, Siddaramaiah remarked that Shivakumar’s wife is also from Mysuru.

Saturday’s breakfast at Siddaramaiah’s official residence, held as part of efforts by the Congress high command to ease tensions in the leadership dispute between the two, reportedly included idlis and sambar, according to official sources.

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News Network
November 30,2025

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Mangaluru, Nov 30: A 22-year-old college student succumbed to her injuries at a private hospital in Mangaluru today, days after she was hit by a goods tempo while crossing a road in Padubidri.

The deceased has been identified as Preksha, a resident of Nadsalu Billitota in Padubidri. The fatal incident occurred as Preksha, who was returning home after completing her examination, attempted to cross the service road towards Mangaluru. She was struck by a goods tempo approaching from the Udupi side, causing her to fall and sustain a severe head injury.

Prompt action from local residents ensured she received immediate first aid before being rushed to a hospital in Mangaluru for specialised treatment. Despite medical efforts, she passed away while undergoing care.

Preksha was a student at Karavali College, Vamanjoor on the outskirts of Mangaluru city. The tragedy is compounded by the fact that she belonged to a financially vulnerable family, having previously lost her father. She is survived by her mother and brother.

A case related to the accident has been registered at the Padubidri police station, and an investigation is underway to determine the exact circumstances that led to the collision. The incident highlights the growing concerns over road safety, particularly on busy service roads, and serves as a tragic reminder of the human cost of traffic accidents.

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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