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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Shimla (PTI): A woman has been arrested from Punjab for allegedly duping another woman of Rs 25 lakhs by promising her to arrange a visa for Canada, police said on Monday.
The accused has been identified as Manju Kumari, a resident of Punjab.
Senior Superintendent of Police SSP Shimla Gaurav Singh said that Manju had contacted the woman several months ago and had promised her to arrange a visa for Canada.
"After this, she asked for money for the same from the victim, which she transferred to her on multiple occasions. However, as time went by, Manju started to make various excuses and ignored her calls," the SSP said.
Upon suspecting being defrauded, the victim's brother registered a complaint, and a case was registered under sections 318 (4) (cheating), 61(2) (criminal conspiracy) and 352 (2) (intentional insults designed to provoke a breach of peace) of Bharatiya Nyaya Sanhita (BNS), the SSP said.
"Police teams were sent to Haryana and Punjab, but she kept evading arrest as she kept changing her locations as well as her mobile numbers. However, the police teams successfully arrested her on Sunday from a flat located in Kharar in Punjab," he said.
Further investigation into the matter is underway, and the defrauded money is also being recovered, he added.
