Udupi: Bhaskar Shetty murder - Who will inherit his Indian, foreign properties?


Daijiworld Media Network - Udupi (SP)

Udupi, Jun 11: Three persons including the wife and only son of entrepreneur, Bhaskar Shetty, have been sentenced for life, holding them responsible for Shetty's murder. Now, many have started evincing interest about who will inherit his properties in India and abroad.

On July 15, 2016, about two weeks before he was eliminated, Bhaskar Shetty had executed a will pertaining to his properties. This is listed as one of the documents submitted to the court in the murder case and advocate Vinay Acharya, who prepared the will and signed as witness, had adduced evidence in the court about the genuineness of the document. In the will, Shetty says that his wife had illicit relationship with another man, and on this issue his wife and son had physically assaulted him. He said he was planning to go abroad in August, and as he apprehended danger for his life from his wife and won and also as his wife and son together could plan to usurp his properties, he had planned to leave behind a will.


Bhaskar Shetty

Bhaskar Shetty through the will, has bequeathed all his fixed and movable properties, rent he received from commercial buildings, money in the bank, insurance policy amounts etc in favour of his mother Gulabi Shedthi, duly stating that no one else will have any rights or relationships on these things. "If my mother dies before me, after my demise, the properties should be distributed at the rate of ten percent each to my three sisters, and the remaining properties should be shared among the three brothers. My wife, Rajeshwari and son, Nanveet, will not have no rights over the properties," the will states.

Shetty also mentioned that his brothers, Surendra, Suresh and Ashok Shetty, who were looking after the business abroad, will inherit rights on the six malls he owns abroad.

As per reports, Bhaskar Shetty has 26 cents land along with commercial building at Shiribeedu, 26 cents commercial building on mosque road, 210 sq ft commercial shop in Baliga Towers, and 4.500 sq ft residential house at Indrali.

Rajeshwari Shetty has already approached the court claiming rights on the properties, and hearing is in progress.

 

 

 

 

 

  

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Comment on this article

  • Joshua, Mangalore/scotland

    Fri, Jun 11 2021

    This is a warning bell to all those who pile up wealth for their children if Shetty wouldn't run behind property and wealth he would have been alive today. And another thing it's mentioned in the episode rajeshwar had extra marital affair. Of course its natural,when Shetty is running after making money he doesn't have time to spend with his wife.so naturally she will catch someone for her pleasure. Don't be greed for wealth.and this will give a chance for the devil to enter into your wife and children mind and devil tell them kill this man then all property will be yours. You can enjoy as you like. Otherwise you will have to wait for years until this man dies Therefore enjoy your life with minimum wealth.

    DisAgree [9] Agree [21] Reply Report Abuse

  • Cyxh, Mangalore

    Fri, Jun 11 2021

    Such sick mentality u have . Justifying the murder by saying having extra marital affair is natural . 🤮

    DisAgree [2] Agree [20] Report Abuse

  • Rems, Mangaluru

    Fri, Jun 11 2021

    Since he had not divorced his wife, the court will rule in favor of the wife and son. The will will be deamed illegal. Wife will ultimately given right to all his property. This as per my understanding of the law.

    DisAgree [30] Agree [5] Reply Report Abuse

  • RSRB, Kundapura / Singapore

    Fri, Jun 11 2021

    Rems, Mangaluru If the property he owned is hereditary, then you are right. But if the property he owned is all by self-effort, then his WILL holds right. Very important thing is, after the WILL process is done with Advocate office, it should be registered in Registration Office. Unregistered WILL has no value. And in such cases, you are again right.

    DisAgree [3] Agree [12] Report Abuse

  • Rita, Germany

    Sat, Jun 12 2021

    Rems mangalore,If Iam not mistaken his property will be going to his sisters as per will ,suppose his wife and son doesnt come back.Mother is there ,As I know in Shetty famililies this ancestor property ,or now his properties ,females have more right than sons .But am not sure.Wife has no right on whole.only particular percent.so may be his sisters must be owning.He has no daughter.Anyway we need not make our head hot.Lawyers will be knowing.But as Rajeshwri had almost hotel management taken over with her brothers that time,God knows how much change is already done.There was also rumours he was having some very close to him elsewhere?let it be.rumours are always there where money and land to have.But why his lawyer had put signature as witness.?As lawyer he can ,but as witness?Bit suspicious.

    DisAgree Agree [1] Report Abuse

  • Vinay, Udupi

    Fri, Jun 11 2021

    Govt should start trust in the name of Mr. Bhaskar Shetty, only 50% enough for his family member because they all rich people now. One should appreciate Mr. Shantaram Shetty(lawyer) for his effort for winning very difficult case.

    DisAgree [18] Agree [17] Reply Report Abuse

  • Aam Aadmi, Mangalore

    Fri, Jun 11 2021

    What nonsense? Why government should get the money when the deceased has made a clear will giving the property to his immediate family members?

    DisAgree Agree [31] Report Abuse

  • RSRB, Kundapura / Singapore

    Fri, Jun 11 2021

    Vinay, Udupi Why government should start trust? Madam Gulabi Shetty can start such a trust if she wishes. Why you feel the family members have enough wealth? Let family members decideon that.

    DisAgree Agree [21] Report Abuse

  • RSRB, Kundapura / Singapore

    Fri, Jun 11 2021

    Even of there is no WILL, the wealth of the deceased should not go to murderers... Modi government must bring this law immediately to ensure "inheriting" personnel should have patience and love....

    DisAgree [3] Agree [24] Reply Report Abuse

  • Chandu, Karla

    Fri, Jun 11 2021

    Some of the Udupi properties are already attached by the lenders /bank and it was published in the local newspaper recently. Anyway the murderers do not deserve any share from his self made properties and they need to labour for their living.

    DisAgree Agree [26] Reply Report Abuse

  • Kusuma Kumari Gunji, Nellore/Kodyadka

    Fri, Jun 11 2021

    The property should never be given to Rajashwari Shetty who killed her husband in cruel manner and she even burned his body in secret. This lady deserves no part of his property. She will rot in hell for the crime she has done. There is a god who is watching all these matters I only wish the guilty needs severe degree of punishment so that no one else will do this crime in future

    DisAgree [5] Agree [54] Reply Report Abuse

  • Anamika, Mangalore

    Fri, Jun 11 2021

    Shetty's mother should get his all properties.....

    DisAgree [1] Agree [57] Reply Report Abuse

  • David Pais, Mangalore

    Fri, Jun 11 2021

    if nobody claims or everybody claims don't give 2 govt., give 2 me if u give 2 govt., chaiwala will finish 4 his suit-boot & in his pleasure trips of site seeing as he emptied India's treasury

    DisAgree [26] Agree [57] Reply Report Abuse

  • Jossey Saldanha, Nallasopara

    Fri, Jun 11 2021

    Sad to know that some Lawyers & Police are siding the Murderers ...

    DisAgree [3] Agree [64] Reply Report Abuse

  • Jossey Saldanha, Nallasopara

    Fri, Jun 11 2021

    Definitely not his Murderers ...

    DisAgree [1] Agree [56] Reply Report Abuse

  • J P James, Puchhal

    Fri, Jun 11 2021

    I think all the properties is to transfer mother name then to Ashok . I feel Ashok is educated and handle things better

    DisAgree [3] Agree [17] Reply Report Abuse

  • Santan Mascarenhas, Kinnigoli/Bangalore

    Fri, Jun 11 2021

    First line of dependents for a man are mother, wife and children. Brothers, sisters and father are second line of dependents. This rule is only when the person dies intestate. Bhaskar Shetty has died testate, having made a will. Since, all his properties are self made, everything will go as per the will, when the court probates the will and puts stamp on the will.

    DisAgree [4] Agree [36] Reply Report Abuse

  • Jagga, Kawdoor, Gundadyak Post, Karkala

    Fri, Jun 11 2021

    Even billionaire like Bill Gates not happy with family life.

    DisAgree [4] Agree [36] Reply Report Abuse

  • Cynthia, Dkatte

    Fri, Jun 11 2021

    Aesa kyo Jaggu ?? Kuch tho baath hogi jee na ? Bill gates ko jaanethe ho aap personally? Or sirf unke 🙎‍♀️book 📚 ,??

    DisAgree [6] Agree [7] Report Abuse

  • Jagga, Kawdoor, Gundadyak Post, Karkala

    Fri, Jun 11 2021

    Cynthu...Sabko sab kuch nahi dehth hai...bhagwan.

    DisAgree Agree [13] Report Abuse

  • Cynthia, Dkatte

    Fri, Jun 11 2021

    Ye tho baath sach he Jaggu ji....kharokar sach....god bless..

    DisAgree Agree Report Abuse

  • Sahil, Mangaluru

    Fri, Jun 11 2021

    As long as business good his brothers can run. in Saudi foreign property means goodwill rental basis.

    DisAgree [3] Agree [8] Reply Report Abuse

  • Sahil, Mangaluru

    Fri, Jun 11 2021

    As long as business good his brothers can run the. in Saudi foreign property means goodwill rental basis.

    DisAgree [5] Agree [3] Reply Report Abuse

  • Prabhu, Karkala

    Fri, Jun 11 2021

    Brother, not only in Saudi, even in India all properties are on lease. Govt can take over any property if they want.

    DisAgree [17] Agree [5] Report Abuse

  • Jagga, Kawdoor, Gundadyak Post, Karkala

    Fri, Jun 11 2021

    Hotel Durga International by Wife. Gym by his son. Supermarkets in Saudi by his brothers. As court announced life imprisonment most of properties as year goby turn to Bhoot Bangla..latter on govt auction it after 200 years.

    DisAgree [4] Agree [31] Reply Report Abuse


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