Construction of Konappana Agrahara Metro Station
MoU inked with Infosys Foundation
Bengaluru, July 19: The Metro Corporation on Thursday signed an MoU with the Infosys Foundation to construct Metro station at Konappana Agrahara near Electronic City in Bengaluru at an estimated cost of Rs 200 crore being invested by the Foundation.
Speaking at a programme organized at the Vidhana Soudha Conference Hall here, Chief Minister HD Kumaraswamy said that if all the private companies reserved just 2 per cent of their profits for the development of the city just like Infosys Foundation, Bengaluru city could be developed. Metro train was very necessary for Bengaluru city to ease the traffic burden. In the first phase, 47 km work was completed and the second phase work was also started. It was commendable that the Infosys Foundation has joined its hands with this work, he said.
“Infosys Foundation chairperson Sudha Murthy has decided to construct the Metro station and maintain it for next 30 years and it shows her commitment and love towards the land. The Infosys has contributed for the development of the state in its own way. The government would support the Infosys programmes. Through Infosys Foundation, the Infosys has been funding a portion of its profit for cancer hospital, education sector and other social works. It has a lion share in the development of the state”, the CM recalled.
Sudha Murthy a model to country: DCM
Deputy Chief Minister Dr G Parameshwar said that by contributing to the development of the city, Sudha Murthy has become a model to the country. There were big industries and software companies in the city. As part of their Corporate Social Responsibility funds, if the companies reserved just 2 per cent of their profits and join hands with the government, Bengaluru city would become more safe, developed and peaceful in coming years, he said.
Ministers RV Deshpande, DK Shivakumar, KJ George, HD Revanna, Dr Jayamala, UT Khader, Sa Ra Mahesh, Zameer Ahmed Khan, Mayor Sampath Kumar, Chief Secretary Vijay Bhaskar, Urban Development department additional chief secretary Mahendra Jain, BMRCL Managing Director Ajay Sheit and others were present on the occasion.
“I am doing a little service to the state. I feel my Karnataka is my country. If I do something to my Karnataka, it means I have served my mother. I am doing this service to my mother. Metro is the best transportation means to Bengaluru city. The Foundation is constructing the station and it will help the people if the train service resumed on this route shortly”.
- Dr Sudha Murthy, Infosys Foundation Chairperson
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Three company directors held in Rs 100-crore investment fraud in Kochi
Kochi (Kerala) (PTI): Police on Sunday arrested three directors of a firm accused of cheating hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.
The accused were identified as Muraleedharan, Ashik Murali and Akhil Murali, all natives of Thrissur.
The arrests were made by the Kalamassery police in connection with a fraud involving ATCOS (Agri Tourism Cooperative Society), a firm headquartered at Pathadipalam here.
Police said the company had promised high returns by collecting investments from the public in the agricultural tourism sector, but allegedly cheated hundreds of people and fled with the money.
ATCOS was registered under the Multi-State Cooperative Societies Act and operated 13 branches across various districts in Kerala, besides a branch in Coimbatore in Tamil Nadu, officials said.
When investors failed to receive their promised returns or the invested amount, complaints were filed with the police.
Officials said around 54 cases have been registered against the firm in 32 police stations across the state, including 29 cases at the Kalamassery police station alone.
Following instructions from Kochi City Police Commissioner K S Mahesh Kumar, a special investigation team was formed under the supervision of Deputy Commissioner of Police (Law and Order) Shehensha and Thrikkakara ACP Manoj Kumar.
The team traced the accused to an apartment in Amala Nagar in Thrissur, where they had been hiding after secretly renting the flat, officials said.
The bank accounts of the accused have been frozen, and steps have been initiated to trace their assets, officials said.
Police also conducted a raid at the company’s office at Pathadipalam and seized several documents related to the case.
The accused were produced before the Judicial First Class Magistrate Court in Kalamassery, which remanded them to judicial custody and sent them to Kakkanad jail.
Police said they would seek the custody of the accused for further interrogation as the investigation continues.
