2 weeks ago
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Officials of the territory medication and the Department of Cooperation inspected connected Thursday the offices of a backstage concern steadfast that operated successful Belagavi without owed permits from authorities agencies.
These officers, on with immoderate constabulary officers, arrived astatine the bureau of Shivam Associates successful the afternoon. The inspection went connected till night.
Assistant Commissioner Shravan Nayak, who led the team, told reporters that they received accusation that implicit 45,000 persons person invested successful this firm. Most of the investors are ex-servicemen.
There are allegations that the steadfast has not obtained owed permissions from agencies similar SEBI and RBI. The steadfast is accepting investments with a committedness of paying astir 36% involvement per year.
Shivanand Neelannanavar, who owns the firm, besides operates different concern and charitable agencies. He has organised respective programmes similar wide lunches, cricket tournaments, people arts and games and wellness camps successful villages.
Some of his speeches person been arguable and shared wide connected societal media.
In Kadur village, helium claimed that helium had a postulation of thousands of guns. He invited immoderate Kannada movie stars for a movie euphony nighttime successful Belagavi recently. While introducing himself, helium called himself “one of the champion quality beings connected the planet”.
In different event, helium claimed that helium would triumph 224 seats successful the 2028 Assembly polls and go the adjacent Chief Minister of Karnataka.
Belagavi City Corporation unit removed the banners and posters enactment up by Shivam Associates that had planned a Swachcha Belagavi lawsuit connected Sunday aft the territory medication rejected its petition to clasp the lawsuit astatine the Government Sardar’s High School Grounds successful Belagavi.
