2 weeks ago
2
A husbandman from Kagwad successful Belagavi territory has filed a lawsuit of transgression cheating against Shivanand Neelannanavar, promoter of Shivam Associates.
The ailment by Krishna Appanna Apraj filed astatine the Kagawad Police Station accuses Mr. Neelannavar of fiscal fraud also.
Complainant Mr. Apraj said that connected the proposal of Mr. Neelannavar, helium had invested astir ₹5lakh successful Shivam Associates (ACCUMEN).
“He promised returns of 36% connected our investments. However, helium did not wage america either the involvement oregon main amounts,” helium said successful the complaint.
This the archetypal ailment against the steadfast filed by a backstage individual. The archetypal FIR was registered based connected a ailment by a authorities serviceman who conducted an probe of the affairs of the firm.
A section tribunal has remanded the accused successful constabulary custody for 10 days.
The lawsuit has been transferred to the CID arsenic the magnitude progressive has crossed implicit ₹50 crore.
A team, led by Deputy Inspector-General of Police, CID, Bheemashankar S. Guled, has travel to Belagavi to behaviour further inquiries.
The metropolis constabulary are coordinating with them. Police sources said that the accused volition beryllium shifted to Bengaluru, for questioning.
