I was made scapegoat, will bounce back, says businessman Dr B R Shetty
Udupi: Claiming that the financial position of B R Shetty empire is robust, B. R. Shetty, the NRI industrialist of Udupi has rebutted all reports that his company is going under severe loss and facing bankruptcy.
“Such false reports have disheartened me and I felt sad reading about these unsubstantiated reports”, he said.
Admitting that the economic conditions of foreign countries are pretty weak, he however claimed that his company has been making ample profit and financial status is stronger than ever.
Having established his empire in Gulf Countries, Shetty had been kept his distance always from the media for quite a long time after the reports that his company has incurred heavy loss due to financial crunch.
He however was noticed by media persons at his Koosamma Shambhu Shetty Memorial Haji Abdullah Government Hospital during the celebration of 10,000th child birth programme at the hospital here.
At this time, Shetty volunteered to speak to the media persons, he talked in detail about the financial condition of his company.
“ I have not escaped anywhere. Indeed my empire has faced some set back, but I am not responsible for it as I have been made scapegoat “, he said.
He said that he got cheated by trusting some people. Those who were in his company, ditched him.
“They have made financial frauds behind me. However I can't call him guilty because his guilt has not been proved yet”, he said.
Shetty said that the matter is in subjudice therefore he can't comment much on it.
“People of some vested interest have played a dirty trick on me. But I am certain that I will come out of this mess soon”, he said.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
