Times of India | Adityaraj Capital under lens after depositor fund diversion charges

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In Belagavi, authorities raided the office of Adityaraj Capital after complaints that the firm had collected large public deposits by promising unusually high returns – such as ₹3,000 monthly on a ₹1 lakh investment – and then allegedly diverted the money into unrelated businesses. Led by Assistant Commissioner Shravan Nayak, officials from multiple departments examined financial records, investment details and deposit documents, finding transactions worth hundreds of crores and noting that many investors had not received principal or interest even after maturity. A case has been filed under the Karnataka Protection of Interest of Depositors Act, 2004 and the Banning of Unregulated Deposit Schemes Act, 2019, and investigators are probing the firm’s eight‑year‑old operation, which runs seven branches across the state and is reportedly owned by Shivraj Mane of Maharashtra. The raid follows a recent crackdown on a similar scam at Shivam Associates, heightening concerns among depositors about unregulated high‑return schemes.

Read more: https://timesofindia.indiatimes.com/city/hubballi/adityaraj-capital-under-lens-after-depositor-fund-diversion-charges/articleshow/131512514.cms

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Congratulations to D.K. Shivakumar on milestone. From a grassroots leader in Kanakapura to one of Karnataka’s political voices, his journey reflects dedication and leadership. Wishing him success in leading Karnataka

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Karnataka clarifies that Urban Local Bodies will continue property tax collection & civic administration in SIR areas. New rules also enable digital e-Khata & property records under SIR framework.

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Karnataka Home Department reports that 1,094 persons have been detained under the Goonda Act since Jan 17, 2006. Authorities reviewed 2,748 habitual offenders and 3,951 criminal cases before initiating action.

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