Puttur, Sep 21: Noted Kannada poet and story writer Jayath Kaikini has been chosen for the Dr Shivarama Karanth Balavana Award.

The decision to present the award to Kaikini was taken at a preparatory meeting on novelist and playwright Karanths birth anniversary celebrations.

The anniversary would be observed on October 10.

Dakshina Kannada district-in-charge Minister Kota Srinivas Poojary will inaugurate the programme to be presided over by Sanjeeva Matandoor, MLA.

A seminar and cultural programmes would also be held, assistant commissioner H K Krishnamurthy said.

Karanths house at Balavana has been renovated at a cost of Rs 30 lakh.

A sum of Rs one crore was sanctioned for the comprehensive development of Balavana and the work has been entrusted to INTACH, Bengaluru, he said.

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Mangaluru: A 74-year-old man from the city has allegedly been cheated of Rs 1.77 crore in an online investment scam linked to American commodities trading, Deccan Herald reported on Thursday.

According to the complaint, the victim received a phone call on December 24 last year from a person who identified himself as Shoib Ghauri from a firm named Ventrade.

The caller allegedly promised high returns through investments in American commodities markets and assured that funds transferred in Indian rupees would be converted into US dollars and invested on the victim’s behalf.

Police said the accused remained in contact with the victim through email, WhatsApp, and phone calls. Initially, the complainant invested a small amount and received some returns in his bank account, which increased his confidence in the scheme.

Convinced by the assurances and expecting higher gains, he subsequently transferred larger amounts through RTGS, NEFT, and IMPS to bank accounts provided by the accused.

Between January 5 and February 2, the victim transferred a total of Rs 1,77,64,668.22 to the specified accounts, police said. When the promised returns stopped and communication became irregular, he realised he had been cheated.

A case has been registered at the CEN Police Station in Mangaluru, and further investigation is under way.