Police on lookout for mining baron Janardhana Reddy

Agencies
November 8, 2018

Bengaluru, Nov 8: Central Crime Branch (CCB) Police in the city are in search of former Karnataka Minister and Iron Ore Baron Gali Janardhana Reddy in connection with a cheating case in a ponzi scheme operative.

Police in a statement here on Wednesday said that Ambident Marketing Private Ltd run by Syed Ahmed Farid had collected more than Rs 600 crore from more than 15,000 people by promising 40 per cent to 50 per cent interest for four month duration.

But cheated the depositors by not returning their deposit amount nor the interest as promised.

Considering the seriousness of a complaint filed by one of the loser Sarfraj Alam, City Police Commissioner Suneel Kumar transferred the case to CCB for further investigation.

Farid who was immediately arrested during questioning revealed that he had indulged in money laundering.

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News Network
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

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