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.

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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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News Network
November 29,2025

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New Delhi: Karnataka chief minister Siddaramaiah and deputy CM DK Shivakumar on Saturday put up a dramatic display of unity at a closely watched joint press briefing, firmly dismissing weeks of speculation about a power-sharing tussle within the Congress. With the high command nudging both leaders to sit together and settle the dust, the meeting became a political spectacle, ending with the duo declaring that there was “no confusion, no differences.”

Calling the reports of a rift “manufactured confusion,” Siddaramaiah said the talks had gone smoothly, even joking about their breakfast. “Breakfast was very good. All three of us enjoyed it,” he said. “We want to end this confusion once and for all. For local elections and for 2028, our mission is clear — Congress must return to power. There is no difference between me and DKS, not now, not before.”

He blamed the media for fuelling rumours and reiterated absolute adherence to the party leadership. “From tomorrow, let there be no confusion. What the high command says, we will follow.”

Siddaramaiah also assured that the Assembly session starting December 8 would run smoothly and vowed that Congress would take on the BJP and JD(S) “together.”

Shivakumar echoed the chief minister word for word, stressing loyalty and discipline. “People have given us a massive mandate. It is our duty to deliver,” he said. “This government was formed under Siddaramaiah’s leadership. We both have complete trust in the high command. If they tell me to wait, I will wait.”

He added that the two leaders had discussed strategy for the 2028 Assembly elections. “Whatever the CM says, I agree. We are loyal soldiers of the party. The party may be facing challenges nationally, but we will keep it strong in Karnataka.”

Shivakumar also said Siddaramaiah would soon visit his home for lunch or dinner — another symbolic gesture meant to underline their unity.

Both leaders later posted on social media describing the breakfast meeting as “productive” and focused on “Karnataka’s priorities.”

The BJP, however, rejected the show of camaraderie as “pure bunkum,” accusing Congress of trying to paper over an internal power struggle. But Siddaramaiah and Shivakumar insisted their united front would continue — and that there was “no confusion” within the state leadership.

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