Don't know whether I'll present budget or not: CM Kumaraswamy
Bengaluru: There is a debate going on whether or not to present the budget. There is also a view that the new budget should be presented after the Lok Sabha polls. So I do not know whether I will present the budget or not," said CM Kumaraswamy.
He was addressing a meeting with the Chairman and Managing Directors of all the District Co-operative Banks, Apex Banks, and senior officials of the Co-operative Department of the state on Monday in connection with the farm loan waiver.
"I have called for a meeting of the authorities of Advocate General and Water Resources Department today for the creation of the Cauvery Water Management Committee. Will discuss with them and decide further course of action. Meanwhile, I have the plan to meet Prime Minister Narendra Modi and explain the injustice happened to the state by the Cauvery Management Committee's appointment," Kumaraswamy said.
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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.
