Bengaluru: One arrested, FIR against five over alleged fraud of Rs. 25 crore
Bengaluru: An FIR has been registered against five people at the Basaveshwara Nagar police station on charges of cheating a businessman of approximately ₹25 crore by promising high profits and interest on investments in a casino and Bitcoin business. The police have arrested one of the accused.
Based on a complaint filed by the victim, Vivek P. Heggade, a case has been registered against Ramakrishna Rao, his wife Rajeshwari Rao, son Rahul Tonse, daughter Raksha Tonse, and son-in-law Chetan Narayan under the Prevention of Fraud and Unregulated Deposits Act (BUDS).
According to the police, the main accused, Ramakrishna Rao, has been arrested, while the other accused are currently absconding abroad. The investigation is ongoing.
The complainant, Vivek, who owns a logistics company, met Ramakrishna Rao through friends in 2023. Rahul Tonse and Chetan Narayan are involved in the casino business in Sri Lanka and Dubai. They allegedly approached Vivek for financial support to expand their business and convinced him to provide loans.
To gain his trust, Ramakrishna Rao took Vivek to a casino in Sri Lanka and introduced him to his son Rahul. Later, during a call from Dubai, he introduced his daughter and son-in-law, further persuading him to invest. According to Vivek’s complaint, the accused lured him by promising high returns through investments in casinos and Bitcoin.
The accused claimed that casinos in Dubai and Sri Lanka were profitable and that further expansion would generate even more revenue. They assured Vivek that a new casino, named City of Dreams, would be set up in Sri Lanka and promised him high returns if he invested. Believing their claims, Vivek provided loans amounting to ₹25 crore from 2023, expecting regular interest payments.
However, over time, when the promised interest was not paid, Vivek confronted them. He alleged that the accused verbally abused him and ultimately cheated him by taking his money under false promises.
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RCB beat MI by 18 runs after batters fire
Mumbai (PTI): Royal Challengers Bengaluru skipper Rajat Patidar, Phil Salt and Virat Kohli blasted half-centuries as the defending champions beat Mumbai Indians by 18 runs in an Indian Premier League match here on Sunday.
Salt (78 off 36 balls) and Kohli (50 off 38 balls) stitched together a 120-run stand for the opening wicket before Patidar scored a rapid 53 off just 20 balls as RCB posted 240 for 4.
In response, Mumbai Indians were restricted to 222 for 5, with RCB spinner Suyash Sharma (2/47) putting the skids on the home side with a double strike in the eighth over, from which they could not recover.
Sherfane Rutherford top-scored for MI with an unbeaten 71 off 31 balls.
While opener Rohit Sharma appeared to be struggling with a hamstring issue and had to retire hurt on 19, his partner Ryan Rickelton made 37, while Suryakumar Yadav (33) and Hardik Pandya (40) were the other contributors for MI.
Brief scores:
Royal Challengers Bengaluru 240 for 4 in 20 overs (Phil Salt 78, Virat Kohli 50, Rajat Patidar 53, Tim David 35 not out).
Mumbai Indians: 222 for 5 in 20 overs (Sherfane Rutherford 71 not out, Ryan Rickelton 37, Hardik Pandya 40; Suyash Sharma 2/47).
