Ponzi scam: Karnataka govt attaches property of IMA worth Rs 35 cr

News Network
September 25, 2019

Bengaluru, Sept 25: The Revenue Department has attached the properties of I Monetary Advisory (IMA), estimated to be around Rs 35 crore, Revenue Minister R Ashoka said here on Wednesday.

According to Mr Ashoka, the properties were within the limits of BBMP and the Department had sanctioned this to safeguard the interests of investors, who lost money in the firm.

The seizure included 17 immovable properties worth Rs 21.73 crore, cash, demand drafts (DDs), and gold & silver articles, worth around Rs 13.5 crore.

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News Network
December 15,2025

Udupi, Dec 15: What was meant to be a post-pilgrimage gathering turned tragic in Padukere village of Brahmavar taluk, Udupi district, late Sunday night, when a clash among youths escalated into a fatal assault, leaving one man dead.

The victim has been identified as 30-year-old Santosh Mogaveera, a resident of Padukere.

According to preliminary information, the incident took place during a late-night drinking party involving a group of local youths who had recently returned after completing their pilgrimage to the Sabarimala shrine. An argument reportedly broke out among the group and soon escalated into a violent confrontation.

During the ensuing brawl, Santosh Mogaveera was allegedly assaulted and collapsed at the spot after sustaining serious injuries. He was rushed by local residents to a private hospital in Brahmavar, where doctors declared him dead.

On receiving information, senior police officials, including Brahmavar Circle Inspector Gopikrishna, Kota Police Sub-Inspector Praveen Kumar T, Station ASI Manthesh Jabagoudar, and head constables Pradeep and Ashok, visited the spot and conducted an inspection.

Police have taken four youths into custody in connection with the incident. A case has been registered at the Kota police station, and further investigation is underway to ascertain the exact sequence of events leading to the death.

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