Karnataka to strengthen existing panel to check financial frauds
Bengaluru: The Karnataka government Tuesday decided to strengthen the existing panel to check financial frauds by including some more officials from other government bodies in the wake of recurring incidents in the state.
"There already exists a high-level committee. We will include a few more in it after discussions with the chief secretary. We will take steps to ensure financial frauds don't recur," home minister M B Patil said.
He said the committee should have representatives from the Reserve Bank of India, Enforcement Directorate and Income Tax department.
Patil said there were many challenges to tackle cases of financial fraud, which relate to law, the cooperative and revenue departments, municipal corporations shops and business establishment department and registrars of companies.
The home minister said he would request the chief secretary to fix responsibilities on the officials concerned when such incidents occur. A representation would be submitted to the Chief Justice of Karnataka High Court on dealing with such cases, he said.
A major shortcoming, Patil said, was that Karnataka police does not have powers to confiscate properties, which their counterparets in Tamil Nadu have.
Necessary changes would be made to give the state police such powers, he said.
The minister said seven of the 24 fraud cases under investigation were being probed by the central crime branch and the rest by the criminal investigation department.
The government decision comes in the backdrop of Monday's incident when hundreds of investors thronged 'I Monetary Advisory jewels' store here worried about their money, after an audio clip surfaced with a person,alleged to be its founder and Managing Director Mohammed Mansoor Khan heard saying he is going to commit suicide as he was fed up with corruption.
Police had said they had received thousands of complaints against IMA jewels and Khan, whose whereabouts are still not known, from investors who are mainly vendors, small businessmen and from middle and lower middle class.
Referring to the 'I Monetary Advisory jewels' store case, Patil said most of the investors were from the minority community.
Since drawing interest was prohibited in Islam, Khan had turned the investors into shareholders of his business and promised distributing the profit from his earnings, he added.
Meanwhile, police have intensified the search to trace Khan.
Earlier, the government had handed over to a Special Investigation Team, the case relating to the alleged "fraud" by the investment firm, affecting thousands of investors, the chief minister's office said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Bondi Beach shooting: EAM Jaishankar speaks to Australia's Wong
New Delhi (PTI): External Affairs Minister S Jaishankar on Monday conveyed to his Australian counterpart Penny Wong India's "fullest support" to Australia in the wake of a deadly shooting incident at the iconic Bondi Beach targeting a Jewish celebration that left 15 people dead.
In a phone conversation with Wong, Jaishankar also condoled the death of innocent people in the attack.
"Just spoke to Australian Foreign Minister @SenatorWong.Conveyed our deepest condolences about the Bondi Beach terrorist attack and offered our fullest support," he said on social media.
ALSO READ: Rajya Sabha adjourned till 12 pm as BJP members protest slogans against PM Modi at Congress rally
Fifteen people were killed and over 40 others injured in the attack by two gunmen on Sunday, according to Australian authorities.
Hours after the incident, Jaishankar condemned the terror attack.
Condemn in the strongest terms the terror attack on Hanukkah celebrations in Bondi Beach, he said on Sunday.
"Our thoughts are with the victims and their families," he said.
Australian Prime Minister Anthony Albanese described the attack as a "dark moment" for the country.
"This is a targeted attack on Jewish Australians on the first day of Hanukkah, which should be a day of joy, a celebration of faith," he told reporters.
"At this dark moment for our nation, our police and security agencies are working to determine anyone associated with this outrage," he said.
The shooting at Bondi followed a wave of antisemitic attacks in the country.
The attackers were identified as father and son duo of Sajid Akram and Naveed Akram. The father was shot dead by police while the son sustained injuries and he is undergoing treatment at a hospital.
Prime Minister Narendra Modi was among the world leaders who condemned the attack.
"Strongly condemn the ghastly terrorist attack carried out today at Bondi Beach, Australia, targeting people celebrating the first day of the Jewish festival of Hanukkah," Modi said on X on Sunday.
"On behalf of the people of India, I extend my sincere condolences to the families who lost their loved ones. We stand in solidarity with the people of Australia in this hour of grief," he said.
The prime minister said India has zero tolerance towards terrorism and supports the fight against all forms of terrorism.
