Software engineer died, another injured in bike accident
Bengaluru, July 23: A software engineer died and another seriously injured when their motorbike rammed a roadside retention wall while riding a bike in an inebriated condition in Jeevanbheema Nagar police station limits here on Monday.
The deceased is identified as Pradeep (30) of Challaghatta and his friend Sumanth (33), sustained severe injuries in the accident and undergoing treatment in the hospital. The police said that his condition is serious.
Hailed from Andhra Pradesh, both of them were working in a private company as software engineers. In the week-end, they had been to a party and consumed alcohol and riding their bike without wearing helmet at 1.30 am. On the way to their house, their bike rammed to the roadside retention wall pipe and fell down. Pradeep who sustained severe head injury died on the spot and Sumanth sustained severe injuries. Police who registered a case investigating the case.
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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.
