Woman cheats investors of Rs 5 crore in chit fund

February 9, 2015

Tumakuru, Feb 9: A woman from the city has been charged with cheating 55 people to the tune of Rs five crore in a chit fund business.

chit
Housewives, engineers and traders from across the city have lost money in the range of Rs one lakh to Rs five lakh after investing with B?S?Shobha, wife of T?M?Ramachandra, a resident of Gangothri Nagar.

Ramachandra is a money-lender and is said to be involved in the business illegally for the past 15 years. Shobha has gone missing for one month now, leaving investors to make several trips to the police station.

A complaint has been registered with the district Superintendent of Police, who has directed Tilak Park station inspector Raghavendra to investigate the case.

The investors said that Ramachandra threatens them with dire consequences whenever they approach him for the money Shobha owes them.

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December 20,2025

Mangaluru, Dec 20: The Mangaluru City Police have issued a detailed traffic advisory ahead of the inaugural ceremony of Karavali Utsava, which will be held at the Karavali Utsava Ground on Saturday.

The festival will be inaugurated at 6:00 pm by Dakshina Kannada District Minister Dinesh Gundu Rao. Cultural and public programmes will be held at the venue every evening and will continue until January 2.

According to City Police Commissioner Sudheer Kumar Reddy, parking of vehicles is strictly prohibited on both sides of the road from Lalbagh to Karavali Utsava Ground. Visitors are requested to park their vehicles only at designated parking areas.

To help the public, traffic signboards and parking guidance flex boards have been installed along the routes leading to the venue. The police have urged commuters and visitors to follow these instructions to ensure smooth traffic movement.

Designated Parking Locations

•    Urwa Market Ground – Cars
•    Gandhinagar Government School (near Press Club) – Two-wheelers and cars
•    Ladyhill Church parking area – Two-wheelers and cars
•    Canara School Ground, Mannagudda – Two-wheelers and cars
•    Thimmappa Hotel premises – Two-wheelers and cars
•    Scout and Guide Bhavana premises (behind Karavali Utsava Grounds) – Two-wheelers
•    Urwa Market Road – Two-wheelers
•    Hat Hill Road – Two-wheelers

The police have appealed to the public to cooperate by following traffic rules and parking guidelines to avoid inconvenience during the festival.

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