Bengaluru: Two arrested for allegedly defrauding house owners, tenants
Bengaluru: Economic Offences Wing of the Central Crime Branch (CCB) arrested a couple for allegedly defrauding several individuals by renting houses in the city and then leasing the same houses to others.
The accused were identified as Ahmed Ali Baig and his wife Muida Samdani Banu. The couple ran a property management company named Geo Homes Private Limited at HBR Layout, Bengaluru. They approached owners of vacant houses and flats through intermediaries, promising to manage the properties by finding tenants. However, after entering into rental agreements, the couple would lease the same properties to different individuals, thereby defrauding both the house owners and the tenants.
The scheme came to light when house owners, after not receiving rent payments for a few months, discovered that their properties had been leased to others. This prompted the registration of an FIR in April this year, at the Banaswadi police station against several individuals, including Ahmed Ali Baig, Noor Ahmed Ali Baig, Akram Pasha, Abdul Rahim, and Syed.
In June, hundreds of victim house owners and tenants staged a protest near Queen's Circle in Bengaluru, demanding justice and action against the accused. The case was subsequently handed over to the Economic Offences Wing of the CCB for further investigation.
After the arrest of the couple, a search is on for the other accused involved in the scam who are absconding.
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Essar Group co-founder Shashi Ruia dies at 80
New Delhi (PTI): Essar Group co-founder Shashi Ruia has died after a prolonged illness. He was 80.
Ruia, who co-founded metals-to-technology conglomerate Essar with his brother Ravi, died in Mumbai around 23.55 hrs on November 25, family sources said.
He had returned from the US, where he was undergoing treatment, about a month back.
His mortal remains will be kept at Ruia House from 1 pm to 3 pm on Tuesday. The funeral procession will leave from Ruia House at 4 pm towards the Hindu Worli Crematorium.
Shashi, a first-generation entrepreneur industrialist, started his career in 1965 under the guidance of his father Nand Kishore Ruia.
He, along with his brother Ravi, laid the foundation of Essar in 1969 by constructing an outer breakwater at Chennai Port. The group expanded into various sectors, including steel, oil refining, exploration and production, telecom, power, and construction.
He is survived by his wife Manju and two sons Prashant and Anshuman.
