Massive Fraud in the name of Halal investments in Bengaluru : Ubaidulla Shareef
CBI inquiry urged against the private companies promising high returns
BENGALURU: Karnataka Pradesh Congress Committee General Secretary Mohammed Ubaidulla Shareef, has urged the Chief Minister to order a CBI inquiry against the private companies which are playing fraud on investors by promising high returns in Bengaluru.
He has asked the authorities to immediately seize passports of the owners of such companies and prevent them from fleeing abroad. Mr. Shareef has requested the Chief Minister to take measures against the companies for release of funds to the gullible people caught in the net.
Speaking to media, he pointed out that a number of entities in Bengaluru are luring investors systematically by registering themselves with the Registrar of Companies, and many Muslims have fallen under their trap. Some of such companies he said are: - Ambident Marketing Pvt. Ltd., Aaala Ventures Pvt. Ltd., Ajmera Pvt. Ltd., Buraq Ventures Pvt. Ltd., Innovative Pvt. Ltd., Alfa Traders, JSJ Global investments, Iqra Investment Pvt. Ltd., Muzariba Investment, Zam Zam Investments, Morgenall Pvt. Ltd.,
He further briefed that all these companies are Muslims managed ones and have risen to prominence in the last three to four years. “It was greed that made many persons park funds in these companies by selling their houses and sites. People have invested their hard earned money saved over the years for marriage of the children or to perform Haj and Umrah in these companies,” he added.
He further alleged that some of these entities have multiple companies registered under their brand name. Morgenall has twenty companies registered under its management; likewise, Aaala has seven and Ambident three companies, for pulling investments under different schemes. Investment plans of these companies have no approval from either RBI or SEBI.
Of late, many of these companies are transitioning themselves into Co-operative Societies by saying that they are streamlining investments in a better Islamic way. Laws of Cooperative sector do not permit business on Islamic concepts. But the companies are mobilizing funds from the Muslims in the name of Islamic and halal investments, said Sharif . He also disclosed that to lend credence to their activities, some companies have engaged Aalims who are playing a frontal role and some are running the business on the strengths of hired muscle men.
- Mohammed obaidulla sharief. Chief Editor The Daily Pasban and General secretary Karnataka Pradesh Congress committee.
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Situation in Jharkhand village peaceful day after religious procession 'pelted with stones'
Hazaribag (PTI): The situation in Jharkhand’s Hazaribag district remained peaceful on Monday, a day after tension gripped a village following an alleged stone-pelting incident during a religious procession, a senior police officer said.
Barhi subdivisional police officer (SDPO) Ajit Kumar Bimal told PTI that the situation in Jhurjhuri village was brought under control within a few hours of the incident on Sunday evening.
"All shops, markets and business establishments remained open and traffic was normal," he said.
Asked about arrests, Bimal said the process of identifying those involved was underway, and an FIR had been lodged in connection with the incident.
The incident occurred around 8 pm on Sunday, when stones were allegedly thrown at a religious procession. Security was tightened in the area following the incident.
The group that organised the procession claimed several women were injured in the attack.
In response, the participants blocked a stretch of the GT Road. "The situation is now completely under control," the SDPO added.
