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
December 2,2025

Puttur: The long-cherished dream of a government medical college in Puttur has moved a decisive step closer to reality, with the Karnataka State Finance Department granting its official approval for the construction of a new 300-bed hospital.

Puttur MLA Ashok Kumar Rai announced the crucial development to reporters on Monday, confirming that the official communication from the finance department was issued on November 27. This 300-bed facility is intended to be the cornerstone for the establishment of the government medical college, a project announced in the state budget.

Fast-Track Implementation

The MLA outlined an aggressive timeline for the project:

•    A Detailed Project Report (DPR) for the hospital is expected to be ready within 45 days.

•    The tender process for the construction will be completed within two months.

Following the completion of the tender process, Chief Minister Siddaramaiah is scheduled to lay the foundation stone for the project.

"Setting up a medical college in Puttur is a historical decision by the Congress government in Karnataka," Rai stated. The project has an estimated budget allocation of Rs 1,000 crore for the medical college.

Focus on Medical Education Department

The MLA highlighted a key strategic move: requesting the government to implement the hospital construction through the Medical Education Department instead of the Health and Family Welfare Department. This is intended to streamline the entire process of establishing the full medical college, ensuring the facilities—including labs, operation theatres, and other necessary infrastructure—adhere to the strict guidelines set by the Medical Council of India (MCI). The proposed site for the project is in Bannur.

Rai also took the opportunity to address political criticism, stating that the government has fulfilled its promise despite "apprehensions" and "mocking and criticising" from opposition parties who had failed to take similar initiatives when they were in power. "Chief Minister Siddaramaiah has kept his word," he added.

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coastaldigest.com news network
December 2,2025

karkala.jpg

Udupi, Dec 2: A wave of regional pride is sweeping through Udupi district as Shagun S Verma Hegde, a talented Class 9 student from Christ King English Medium High School, Karkala, has been named the captain of the Indian National Team for the Under-15 Girls’ Volleyball Championship.

Shagun holds the unique distinction of being the sole player from Karnataka selected to represent the country in the prestigious international tournament. The championship, organized by the School Games Federation, is scheduled to take place in Shangluo, China, from December 3 to 13, where Shagun will lead the national squad.

A Remarkable Journey to the Top

Shagun’s selection is a testament to her dedication and exceptional skill on the court. Her journey included several rigorous rounds of selection:

•    She was the only player from Udupi district to qualify for the state-level selection camp.

•    Out of eight players from Karnataka who advanced to the national selection camp in Pune, Maharashtra, Shagun was the only one to secure a place in the final national squad.

•    The national camp saw participation from approximately 200 players, which was shortlisted to 23. Shagun not only made the final cut but was also ranked as the second-best player overall, solidifying her leadership role.

Shagun, who is the daughter of Sandesh Verma and Shruthiraj of Kallotte, Karkala, has trained under experienced coaches Santosh D’Souza, Jeevan D’Silva, Jairaj Poojary, and Ramesh. Her selection as the team captain has brought profound honour to her family, school, the Udupi district, and the entire state of Karnataka.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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