Daijiworld Media Network-Bantwal (RJP)
Bantwal, Apr 12: An accused in multiple fraud cases involving crores of rupees has been arrested and sent to judicial remand.
The person arrested is Navin Kumar, son of Gangayya Safalya from Kunjaru in Puttur taluk.
Navin Kumar was arrested for a fraud of Rs 1.10 crore against Sri Laxmi Venkataramana Yajamana Industries of Mavinakatte. The matter had reached Punjalkatte police from the court.
Other cases against Navin Kumar include, a fraud case registered at Sanjaya Nagara police station by Govardhana Shetty of Bengaluru for an amount of Rs 55 lacs. A case registered in Mumbai regarding a fraud case involving Rs 35 lacs by Sujatha Poonja’s company.
A cheque bounce case in Mangaluru for Rs 60 lacs against Sunil Shetty and a fraud case against Saina trading from Coimbatore, by the same accused, have also been reported.
Yajamana Industries case
The owner of Yajamana Industries T Varadaraja Pai says that the accused was introduced to him by S V Rajendra Singh Babu, a famous director in Kannada film industry.
The accused told Pai that he was doing business worth cores through his company Global trade well limited and promised that he would help him to secure cashew nut business worth Rs 21 crore.
Pai was made to pay Rs 50 lacs on April 17, 2014 as the first payment to the accused. He paid Rs 40 lacs and Rs 10 lacs through separate cheques. April 21, 2014, again he paid Rs 12 lacs and May 3, 2014, he paid Rs 35 lacs. But the cashew nut export never took off.
Other frauds
It is said that Navin Kumar has been involved in some other frauds also. The SIM card used by him, but registered in name of a person from Assam, showed that he called from Singapore when in fact he was speaking from India itself. It is suspected that a software could have been used for this purpose. Other four people are believed to be part of a company operated by Navin Kumar. They were involved in internet frauds where someone is told he has won a big prize and some money is demanded from him for processing the prize.
Navin Kumar was also involved in creating fake documents. Singapore bank accounts, which he claimed to be his, have been declared as fake.
He was also involved in letter of credit fraud where he cheated the exporters who wanted to avail this facility for export purposes. He also used to take the names of prominent people especially from film industry as if he knew them very well. This made his task of cheating people easier.