Founder of RNS Education and Business Groups R.N. Shetty dies at 92
Bengaluru: Eminent businessman and philanthropist R N Shetty died at his residence here due to a cardiac arrest in the early hours of Thursday, family members said.
He was 92 and is survived by his wife and three sons.
Born on August 15, 1928 at Murudeshwar in the coastal district of Uttara Kannada, Rama Nagappa Shetty founded the RN Shetty and Company in 1961 and ventured into the construction industry with focus on infrastructure building.
He built tunnels for the railways, dams, canals, bridges, and buildings in various parts of Karnataka and neighbouring states.
Later, he entered the hospitality and education sector and left a mark there as well.
The Federation of Karnataka Chambers of Commerce and Industries had bestowed on him the Visvesvaraya Memorial Award in 2004 and the Bengaluru University conferred an honorary doctorate in 2009.
A devout Hindu, Shetty had undertaken modernisation of the historic Murudeshwara Temple, which his ancestors had served, and was instrumental in building the 249 ft tall Raja Gopura of the temple, considered to be the tallest gopuram in Asia.
Condoling the philanthropist's death, Chief Minister B S Yediyurappa said Shetty, who was born in a peasant family ventured into various businesses and left a deep imprint in the construction, infrastructure development, hospitality and education sector.
Remembering him as 'Mahadani' (great philanthropist), former Prime Minister H D Deve Gowda said, "I am deeply pained to learn about the demise of great philanthropist and businessman Dr R N Shetty who had founded various education and religious institutions."
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Chikkamagaluru person duped of Rs 1.28 crore in facebook trading scam
Chikkamagaluru: A person from Shivapura village in Kadur taluk of the district was allegedly cheated of Rs 1.28 crore after falling victim to a fraudulent advertisement on Facebook. A case has been registered at the cyber police station in this regard.
According to the complaint, the victim came across an online trading advertisement titled ‘FYERS’ on Facebook and subsequently joined a WhatsApp group named ‘F-8FYERS Securities’. Lured by the promise of high returns, the person invested large sums of money in the scheme in a phased manner.
Over time, the victim transferred a total amount of Rs1,28,10,000. However, no returns were provided as promised. It was only later that the person realised they had been cheated.
Following the incident, the person approached the cyber police station and filed a complaint. Police have registered a case and initiated an investigation into the matter.
