Massive Fraud in the name of Halal investments in Bengaluru : Ubaidulla Shareef
CBI inquiry urged against the private companies promising high returns
BENGALURU: Karnataka Pradesh Congress Committee General Secretary Mohammed Ubaidulla Shareef, has urged the Chief Minister to order a CBI inquiry against the private companies which are playing fraud on investors by promising high returns in Bengaluru.
He has asked the authorities to immediately seize passports of the owners of such companies and prevent them from fleeing abroad. Mr. Shareef has requested the Chief Minister to take measures against the companies for release of funds to the gullible people caught in the net.
Speaking to media, he pointed out that a number of entities in Bengaluru are luring investors systematically by registering themselves with the Registrar of Companies, and many Muslims have fallen under their trap. Some of such companies he said are: - Ambident Marketing Pvt. Ltd., Aaala Ventures Pvt. Ltd., Ajmera Pvt. Ltd., Buraq Ventures Pvt. Ltd., Innovative Pvt. Ltd., Alfa Traders, JSJ Global investments, Iqra Investment Pvt. Ltd., Muzariba Investment, Zam Zam Investments, Morgenall Pvt. Ltd.,
He further briefed that all these companies are Muslims managed ones and have risen to prominence in the last three to four years. “It was greed that made many persons park funds in these companies by selling their houses and sites. People have invested their hard earned money saved over the years for marriage of the children or to perform Haj and Umrah in these companies,” he added.
He further alleged that some of these entities have multiple companies registered under their brand name. Morgenall has twenty companies registered under its management; likewise, Aaala has seven and Ambident three companies, for pulling investments under different schemes. Investment plans of these companies have no approval from either RBI or SEBI.
Of late, many of these companies are transitioning themselves into Co-operative Societies by saying that they are streamlining investments in a better Islamic way. Laws of Cooperative sector do not permit business on Islamic concepts. But the companies are mobilizing funds from the Muslims in the name of Islamic and halal investments, said Sharif . He also disclosed that to lend credence to their activities, some companies have engaged Aalims who are playing a frontal role and some are running the business on the strengths of hired muscle men.
- Mohammed obaidulla sharief. Chief Editor The Daily Pasban and General secretary Karnataka Pradesh Congress committee.
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11 drug peddlers arrested in Jammu, Samba and Udhampur
Jammu (PTI): Eleven drug peddlers were arrested along with contraband substance at different places in Jammu, Samba and Udhampur districts of Jammu and Kashmir on Tuesday, police said.
Keshav Sahu and Pardesi Ram, both residents of Chhattisgarh, were nabbed along with two kilograms of Ganja in Gharota area of Jammu, a police spokesperson said.
He said Billu Sharma, Tarun Kumar Patel, and Dinesh Kumar Chauhan were apprehended after 10 kgs of Ganja was recovered from their possession during patrolling in Sandwan Border Police Post area of Domana in Jammu.
A police team intercepted a car at a checkpoint in Vijaypur area of Samba, leading to the recovery of 16.61 grams of heroin from its occupants -- Sanjeev Kumar and Malkeet Kour -- who were immediately arrested, the spokesperson said.
In another incident, he said another drug peddler identified as Umar Ishaq of Doda was arrested along with 3.92 grams of heroin during checking of vehicles at Nud along Samba-Mansar road.
He said an inter-district drug peddler identified as Aqib Ashraf, a resident of Anantnag, was arrested after 21.97 grams of heroin was seized from his car at Majalta in Udhampur district.
Irfan and Waseem, both residents of Udhampur, were apprehended along with 10.99 grams of heroin from Roun Domail area, the spokesperson said.
He said all the arrested peddlers were booked under separate cases of Narcotic Drugs and Psychotropic Substances (NDPS) Act.
