Working on new law to safeguard the rights of apartment buyers and owners: D K Shivakumar
Bengaluru: While speaking in the assembly on Tuesday Karnataka Deputy Chief Minister D K Shivakumar announced that the government is working on a new uniform law across Karnataka to safeguard the rights of apartment buyers and owners.
The new law seeks to abolish the existing Karnataka Apartment Ownership Act, 1972 while subsuming the Karnataka Real Estate Regulation and Development (RERA) Rules, 2017.
"Action is being taken to introduce a new Karnataka Apartment Ownership Act, which will have uniform application in all cities and towns," Shivakumar said.
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"At present, there's the 1972 law. Resident associations are being registered under cooperative societies. So, there are two separate departments. Then, there's RERA that came into effect in 2016. So, we want to abolish the existing laws and come out with a new one," Shivakumar said.
Shivakumar was responding to a calling attention motion raised by Basavanagudi BJP MLA LA Ravi Subramanya on ensuring property ownership in Bengaluru.
"What's happening right now is, construction of an apartment starts on one PID number. Then, the same PID number is divided based on the number of flats. For example, PID number 1 becomes 1/2 and so on. Some portions are retained by the owner (of the land). The ownership of land remains in that person's name," Subramanya explained.
"Resident associations should get the ownership of land. After 30-40 years, redevelopment can't be taken up because the land will still be in the name of the original owner. Also, some landlords are misusing this to obtain loans from cooperative banks. So, the registered associations should get ownership," Subramanya said.
Shivakumar said "regular developers" do not do what Subramanya said after the implementation of RERA. "I myself have built properties. We handover documents to the association. Only the unauthorised and illegal developers do this," he said, adding that he has commissioned a comprehensive mapping of property documents in the whole of Bengaluru. "The association should be the owner of the property. It's the right suggestion. We'll do it," he said
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Delhi Police busts Rs 300 crore international cyber fraud syndicate, arrests mastermind
New Delhi (PTI): The Delhi Police has busted a major international cyber fraud syndicate -- linked with over 2,000 complaints and scams worth over Rs 300 crore -- with the arrest of its alleged mastermind and 10 others, an official said on Sunday.
During the investigation, police uncovered a well-organised network operating across multiple states with links to international cyber fraud syndicates, particularly in Cambodia.
"We have so far identified over 260 bank accounts linked to more than 100 fictitious companies used to channel the proceeds of crime. The total number of complaints linked to the syndicate stands at 2,567," police said.
The key accused, Karan Kajaria, was apprehended at Kolkata airport on April 3 after a Look Out Circular was issued against him. He was brought to Delhi a day later for further investigation, Deputy Commissioner of Police (Crime Branch) Aditya Gautam said.
The case came to light following a complaint by a city resident, Sultan, who alleged that he was duped of Rs 31.45 lakh after being lured into an investment scheme.
Police said the victim was persuaded to download a fake trading application and invest money with promises of high returns. However, when he attempted to withdraw the profits, the application stopped functioning, and the group became inaccessible.
"An FIR was registered at the cyber police station in northeast and later transferred to the crime branch for a detailed probe," the officer said.
The syndicate created fake investment platforms and messaging groups to lure victims. They used mule bank accounts arranged through intermediaries and deployed malicious applications to capture sensitive banking details, including OTPs. Funds collected from victims were routed through a complex web of bank accounts and shell companies to conceal the trail, police said.
"Kajaria, who is believed to be the main coordinator, maintained direct links with foreign-based operators and facilitated the movement of funds through cryptocurrency channels,' the DCP said.
He acted as a bridge between Indian operatives and international cyber criminals. He was also involved in procuring mule bank accounts and sharing sensitive banking details via encrypted social media platforms, the DCP added.
Police said Kajaria frequently travelled abroad to establish and strengthen links with overseas fraud networks and had attempted to evade arrest by staying outside India.
Technical surveillance helped investigators trace the network to Kolkata, where several bank accounts and shell entities were found to be operating. Upon his arrival in India, Kajaria was intercepted at the airport and taken into custody.
During interrogation, he allegedly confessed to his involvement in the syndicate, police said, adding that accounts linked to his network were associated with more than 2,500 complaints registered on the National Cybercrime Reporting Portal and fraud of Rs 300 crore, the DCP said.
The investigation revealed that the syndicate had been active for the past four to five years and operated on a large scale across multiple states.
During the crackdown, police recovered 48 mobile phones, 258 SIM cards, multiple ATM cards and cheque books, four laptops, and several banking and KYC documents. Funds amounting to Rs 19 lakh have also been frozen. A total of 11 accused have been arrested in the case so far, police said, adding that further investigation is underway to identify other members of the syndicate.
