Another Multi-Crore scam rocks Bhatkal, owners of ‘Global Enterprises’ flee after duping locals
Bhatkal: Barely years after the infamous Flawless Ponzi scheme that cheated residents of Bhatkal of hundreds of crores, the town has once again been rocked by a major financial fraud. This time, the alleged scam involves a newly opened business ‘Global Enterprises’ whose owners reportedly fled the town after duping several customers.
According to preliminary reports, Global Enterprises had opened its showroom near Marikatte on the main road barely 15 days ago. The firm had claimed to offer furniture, electronic appliances, and other high-value goods at unusually discounted rates.
Locals said the owners, who hailed from Tamil Nadu, initially sold products at cheaper prices to gain the public’s confidence. After earning their trust, they began collecting advance payments from customers with promises of delivery within a few days. However, by Wednesday, the owners had disappeared, and their office was found locked.
Speaking to Vartha Bharati, Bhatkal Town Police Station PSI Naveen Naik confirmed that an FIR had been registered and an investigation was underway. “The owners of the firm are from Tamil Nadu. We have initiated efforts to trace and arrest them,” he said.
Naik also urged all victims who made payments to Global Enterprises to visit the Bhatkal Town Police Station with receipts and lodge official complaints. He assured that the police would investigate the case thoroughly and take swift action against the accused.
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Karnataka approves AI Centre of Excellence in Bengaluru's Electronics City
Bengaluru (PTI): The Karnataka government has approved the establishment of a CoE for AI in Biotechnology at IBAB in Electronics City (Phase 1), here.
The decision, taken by the state Cabinet on Thursday night, marks a significant step towards strengthening Karnataka’s leadership in emerging technologies, IT and biotechnology, Karnataka Minister Priyank Kharge said on Friday.
The centre will be established over four years with a total outlay of Rs 20 crore, in partnership with the Institute of Bioinformatics and Applied Biotechnology and the Centre for Cellular and Molecular Platforms (C-CAMP), according to a statement from the minister’s office.
"Karnataka has consistently been at the forefront of technological innovation. As we enter the decade of deep tech, our focus is on building future-ready capabilities at the intersection of artificial intelligence and biotechnology," Minister for IT and Biotechnology said.
"This Centre of Excellence will strengthen our research ecosystem, accelerate innovation and enable Karnataka to lead in high-impact next-generation technologies," he added.
Priyank added that the state government, through the Departments of Electronics, IT, Biotechnology, and Science & Technology, is actively investing in emerging technologies and taking steps to strengthen Karnataka’s AI and deep-tech ecosystem.
The minister said the Cabinet has also approved the transfer of a 51 per cent stake in the Karnataka Technology & Innovation Museum Foundation (KTIMF) to the Unboxing BLR Foundation.
KTIMF was established by the Government of Karnataka as a not-for-profit organisation to promote innovation, technological awareness, startup culture and public engagement in science and technology, aligned with the state’s vision of building a robust innovation ecosystem, he said.
The Technology & Innovation Museum will be developed at the NGEF campus in Baiyappanahalli, Bengaluru, under a Public-Private Partnership (PPP) model, with a total project cost of Rs 100 crore. Of this, Rs 49 crore will be contributed by the state government and Rs 51 crore by the private partner, he said.
