Bengaluru: Fraud of Rs 70 crore to Manipal group - Woman held


Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Aug 12: Police personnel attached to Cubbon Park police station here have succeeded in arresting a lady, S Balambal, who was required in a forgery and fraud case amounting to Rs 70 crore involving Manipal Education and Medical Group.

It is said that Balambal and main accused in the case, Sandeep Gururaj, are close to each other. Sandeep had transferred two and half crore rupees to the account of Balambal, it has been claimed. Moreover, an additional sum of Rs 13 lac was also handed over to Balambal by Sandeep, the policemen claim. They said that she was taken into custody from Chennai on the night of Friday on the charges of financial irregularities.

A few days before the said fraud, Sandeep Gururaj is said to have met Balambal and her husband in a resort at Chennai. He had discussed with them the issue of investing in certain businesses. Investments were thereafter made in certain businesses at Bengaluru and Chennai, it is said. The police have information that Balambal had invested the money she received from Sandeep Gururaj in share market.

The police said that in this background, Balambal was taken into custody for five days for questioning her and extracting more details about the said case.

  

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Comment on this article

  • Rems, Mangaluru

    Mon, Aug 12 2019

    People who were afraid to commit bank robbery or dacoity were so far doing the same by taking huge bank loans. Now those days are numbered. Government will soon put a stopper on unregulated loans and also those who have taken loans will be made accountable. Or else, the government will pay for its ignorance.

    DisAgree Agree [3] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Mon, Aug 12 2019

    FEKUISM is the problem...., people/co's are suffering from this un-ethical FEKU individuals....!!!

    every Hindustani's must e aware & beware of this FEKU's..

    DisAgree [12] Agree [13] Reply Report Abuse

  • Evans C. Sumitra, Udupi/ New York, USA.

    Mon, Aug 12 2019

    I fully agree with your comments and there is no doubt about it.

    DisAgree [1] Agree [10] Reply Report Abuse

  • YOGI THUNTA, MANGALURU - NEAR PUMPWELL CIRCLE

    Mon, Aug 12 2019

    This is a tip of ICE-BURG ! I wonder always how the people roaming around with BMW, JAGUAR, MERCEDES, JEEP etc etc despite paying tax and GST ! is it possible for the normal citizen ! I doubt it >? What you say NETIEZENS

    DisAgree [4] Agree [25] Reply Report Abuse


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