Mangaluru: Foundation laid for ‘Vishwas Trade Centre’
Mangalore: Vishwas Realty’s upcoming commercial complex ‘Vishwas Trade Centre’ near Polali Dwara at Gurupura Kaikamba was inaugurated through a foundation stone laying ceremony on Friday.
Hazrath Dr. Muhammed Faazil Rizvi of Kawalkatte laid the foundation stone for the building and offered prayers during the occasion. The project’s brochure release was undertaken by Bantwal MLA Rajesh Nayak at the event.
Addoor Juma Masjid’s Khateeb Shareef Daarimi, Zilla Panchayat member U P Ibrahim, Ramesh Shetty Mijar, Metro Shahul Hameed Haji, Hari Prasad Rai Polali, Vivek Rai Kaikamba, Sunil Fernandez, Chandrahas Shetty Narala, including Engineer Ravi Prasad Upadhyay Moodubidire, various other dignitaries along with the organization’s well-wishers, Vishwas Bawa Builders, and Vishwas Estate’s Staff, Talent Research Foundation’s volunteers were also present during the event.
The organization’s shareholders Abdul Rauf Puttige and Sulaiman Shaikh Belvai welcomed the gathering. Project organizer Noushad Haji Suralpadi conveyed the vote of thanks.
The upcoming commercial complex, complete with all the modern amenities will be built beside the Mangalore-Moodbidri highway near the Polali Gateway. The upcoming building will be an ideal place to host supermarkets, hotels, Departmental stores, ATM, Office, and various other workspaces.
To know more about the project, interested folks can contact 8971678889.
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Belagavi: Owner of Shivam Associates held for running illegal investment scheme
Belagavi: City Police Commissioner Bushan Borase has said that Shivanand Neelannavar, owner of Shivam Associates, has been taken into custody for having violated Reserve Bank of India (RBI) rules by running an unauthorized transaction scheme and getting thousands of people to deposit money.
The police registered an FIR on Friday night and questioned Neelannavar, who is also suspected to be involved in money laundering, in the case.
On Thursday evening, Assistant Commissioner Shravan Nayak, accompanied by officials of the Cooperation Department, conducted a preliminary investigation that followed a search of about 24 hours at the offices of Shivanand Neelannavar, owner of Shivam Associates. The operation is said to have been conducted under directions of Deputy Commissioner Mohammad Roshan.
The officials held the raid over allegations of a money-circulation racket, and reportedly seized important financial documents from the office of Shivam Associates. Preliminary findings suggested that about 5,000 investors were made to invest nearly Rs 4,600 crore through pyramid-style scheme. Documents related to the financial transactions were seized from an apartment and two offices of Shivam Associates for further scrutiny.
AC Nayak is said to have submitted a detailed preliminary report on the probe to the DC on Friday, sources said, and senior officials of the Crime Investigation Department (CID) are expected to take over the case soon.
Statements made by Shivananda Neelannavar, a native of Unkal, Hubballi, at a recent event in Kadur went viral on social media. He was seen declaring that he had built a big empire and, having 15,000 guns, was not afraid of anyone. It is learned that he had said that, if needed, he would also show up as CM in 2028.
The viral video is learned to have drawn the attention of the authorities to Shivam Associates and led them to conduct the raid.
