Gadkari, Oscar to be invited to inaugurate Shiradi Ghat road: UT Khader
Bengaluru, July 09: Urban Development and Housing Minister UT Khader said that Mangaluru-Bengaluru national highway Shiradi ghat stretch was repaired and it was decided to invite Union Minister of Road Transport and Highways Nitin Gadkari and former union minister Oscar Fernandes for the inauguration of the road.
After holding a meeting with PWD Minister HD Revanna and Transportation department officers to review the progress of the road at the 313 room of the Vidhana Soudha here on Monday, Khader said that a fax message was sent to the office of the Union Minister for fixing the date. Currently, Nitin Gadkari was the Minister for Road Transport and Highways. Then Minister in the previous government Oscar Fernandez had released Rs 185 crore for the repair of the road. So, it was decided to invite both of them for the inaugural programme along with other dignitaries, he 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.
