CCB raids Nitesh Shetty’s real estate firm accused of cheating 50 customers of Rs 120-cr

News Network
April 5, 2019

Bengaluru, Apr 5: Nitesh Estates Limited, a real estate company, is in the dock for allegedly duping as many as 50 customers of Rs 120 crore after promising delivery of villas and residential apartments. The Central Crime Branch (CCB) has raided the company’s corporate office on M.G. Road.

The raids were the fallout of a series of complaints of cheating by the firm’s chairperson and managing director Nitesh Shetty and the firm’s executive director Vaidyanathan L S.

Sources in the Bengaluru police revealed that several people had filed cheating complaints against the proprietors of the firm at the Halasuru police station. With several others also filing complaints on similar grounds, City Police Commissioner T Suneel Kumar had ordered the transfer of the case to CCB a few days ago.

Confirming the raids on the Nitesh Estates’ office, the police commissioner said: “The CCB team had raided the office and seized documents pertaining to the firm’s various projects. We are further examining the documents as part of the investigation.”

According to the complaints, several people had invested in the firm to purchase villas and flats promoted by the company. “We have not made any arrests in the case yet as we are verifying the documents and other evidence to establish a link as alleged by the complainants,” Kumar added.

Chaitanya Shiroor, a resident of Jakkur, had alleged in her complaint that the firm had promised villas as part of its projects at Yelahanka and mopped up Rs 120 crore from over 50 people. However, the firm failed to deliver on its promise, her complaint stated.

Similarly, another resident from Kadugodi, Mahesh M S, complained that he had paid Rs 3.52 crore for a villa between 2014 and 2016.

“Nitesh Shetty and Vaidyanathan had promised to hand over a flat by 2014 and even five years after the agreement, they have not given me a flat,” alleged yet another investor from Vidyaranyapura, Nandakumar P T.

Clarifying on the charges by several investors, a Nitesh Estates spokesperson said: “An FIR against the company is frivolous. The company is settling the matter and will be making payments to the parties concerned soon.” The spokesperson has also clarified that Nitesh Estates has also filed counter-complaints against those who had protested in front of the office in Halasuru.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
December 2,2025

Mangaluru, Dec 2: Mangaluru International Airport responded to a medical emergency late on Monday night. Air India Express flight IX 522, travelling from Riyadh to Thiruvananthapuram, was diverted to Mangaluru Airport after a passenger in his late 30s experienced a medical emergency on board.

The Airport’s Operations Control Centre received an alert regarding the passenger’s health condition. The airport activated its emergency response protocol, mobilising the airport medical team and coordinating with stakeholders including CISF, immigration, and customs. 

Upon landing, airport medical personnel attended to the passenger, assessed his condition, and arranged to shift him to a local tertiary-care hospital for further treatment. The passenger’s relatives accompanied the passenger, who incidentally received necessary medical care on board, which helped stabilise the situation.

Following the handling of the emergency, the flight departed for Thiruvananthapuram at 2:05 am on Tuesday.

"We appreciate the cooperation of all parties involved, and this incident reaffirms our ongoing commitment to prioritising passenger safety and readiness to respond to unforeseen emergencies with professionalism and care," the Airport spokesperson said. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.