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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Delhi: Boy stabbed to death over 'controversial' social media comments, 2 juveniles held
New Delhi (PTI): A 16-year-old boy was stabbed to death at Ramleela ground in northwest Delhi for allegedly making social media comments that police described as "controversial", an official said on Wednesday.
According to the police, the assailants, also minors, attacked him with a knife, inflicting multiple stab wounds.
"A PCR call was received in the Shalimar Bagh Police Station regarding an injured boy lying in Ramleela ground. The police team reached the spot and found him with multiple stab wounds," a police officer said.
He was working as a labourer in a banquet hall for the last two days, the officer said. An FIR was registered and the police apprehended two juveniles in the case.
Preliminary investigation reveals that the deceased was stabbed due to an ongoing enmity, the officer said.
During questioning, the accused told the police that the victim had made "controversial comments" against them on social media. Following which, they intercepted him at Ramleela ground and stabbed him. He died on the spot, officer said.
"We have recovered a dagger and the victim's mobile phone. Further investigation in the case is underway," he added.
