ED arrest Kannada movie producer in Rs 250 crore co-operative society scam in Karnataka
New Delhi, Jan 6: The Enforcement Directorate (ED) on Thursday said it has arrested the chairman of a Belagavi-based cooperative credit society in connection with a money laundering case linked to alleged duping of depositors of Rs 250 crore.
Anand Balakrishna Appugol, the chairman of Krantiveer Sangolli Rayanna Urban Cooperative Credit Society in Karnataka, was arrested on Wednesday, the agency said in a statement.
He was produced before a special Prevention of Money Laundering Act (PMLA) court in Bengaluru on Thursday which sent him to seven days of ED custody, it said.
He has also produced the Kannada film ‘Krantiveera Sangolli Rayanna’ starring Darshan Thoogudeepa.
Prima facie, the ED said, a probe found that the society had collected around Rs 250 crore deposits till March, 2017 from more than 26,000 people by promising them that their money will be returned along with high rate of interest.
"However, the society failed to return the money to the public depositors in time and committed breach of trust and cheated the public at large," it alleged.
Funds of the society were "siphoned off" in the form of immovable and movable properties resulting in depositors suffering huge losses, it said.
The agency's case was filed after studying a Belagavi police FIR against Appugol and 15 others.
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2 killed, 5 injured in firing after mob storms CRPF camp in Manipur's Bishnupur: State home minister
Imphal (PTI): Manipur Home Minister Govindas Konthoujam on Tuesday said two persons were killed and five others injured in firing after a mob stormed a CRPF camp in Bishnupur district.
A large number of youths and women held a protest against the killing of two children in a bomb attack by suspected militants in Moirang Tronglaobi area earlier in the day, he said.
The protesters stormed the CRPF camp near Gelmol, a few 100 metres from the bomb attack site, burnt vehicles and vandalised properties there, he said.
"I had urged the protesters not to enter the CRPF camp and to allow security forces to focus on conducting an operation to apprehend those involved in the bomb attack," the minister said.
But the demonstrators did not pay heed to the appeal.
"They stormed the CRPF camp, burnt vehicles and vandalised portions of the camp, leading to firing by security personnel. They fired either in self-defence or in anger. Two persons, unfortunately, died in the firing, while five others sustained bullet injuries," the state home minister said.
