City Limouzine Investment finance fraud

Ponzi schemes in Karnataka: Investors seek quick refund

Depositors voice their concerns during a meeting at VV Towers

BENGALURU: Tens of Ponzi scheme victims from across the state gathered in the city on Saturday and demanded quick action for refund of their money.

During a meeting at VV Towers under the banner of Nagarika Shakti, a not-for-profit group, the investors expressed concern over delay in the process of refunding their money despite agencies such as the Enforcement Directorate and Criminal Investigation Department confiscating documents and other relevant evidence from the companies that cheated them.

Pointing out that more than Rs 5,000 crore has been lost to various Ponzi scams such as Kanva, IMA, Ambidant, Ajmera, Aala and Injaz, investors said they have visited the offices concerned multiple times but to no avail. "Officials must act in accordance with the Karnataka Protection of Interest of Depositors (KPID) Act, 2004. However, from what we've experienced, there seems to be a deliberate delay from the officials' side," they alleged.

According to Narendra Kumar, president of Nagarika Shakti, the main demand is "quick action for refund" for about 2 lakh Ponzi victims after delays due to "vested interests". "If the demands are not met by October 15, a protest demanding removal of a few senior officers will be organised, as we feel the officers are trying to sabotage the refund process. Even the development of the online claim software has been stalled," he said.

B Laxman, a victim, said his wife had invested in Kanva's fixed deposit scheme. It matured and the company was to pay Rs 10 lakh. "The company said they would deposit Rs 1 lakh and the remaining would be kept as an equity investment while we would get Rs 60,000 every six months.," he said.

A victim of the Ambidant scam, Reshma Sultan said, "After investing, I got my returns for about four months but after that, the company did not respond.

They have Rs 2.5 lakh of my savings."

Kumar said the victims would continue their politico-legal struggle and even visit the additional secretary and revenue minister later this month demanding the removal of corrupt officials.

 A Ponzi cryptocurrency app is now luring in many bank customers and scamming them by promising them high returns. To safeguard customers, Canara Bank has released details and information on Ponzi scheme.

How Ponzi crypto app dupes people by offering high returns

According to the information released by Canara Bank, here are points to note on how this ponzi crypto app dupes people by offering higher returns.

A ponzi scheme involves persuading the public to invest in fraudulent, seemingly lucrative, schemes.

The life savings of many people were wiped out after they invested in a crypto app which had promised daily and monthly returns.

The crypto app which claimed to be a US-based firm, had opened two Telegram groups which had more than 19,000 members where they spread their investor base.

The app lured investors by offering huge returns. At the beginning stage, the app even let investors withdraw their profits. It also offered heavy bonus to those who got more people to invest in the app.

Later there were no option to withdraw investment funds and the app itself vanished from app stores and ceased to function

Most Ponzi schemes have common attributes such as :

• Promise of high returns with minimal risk: If someone offers an investment with high returns and few risks, it is likely to be a too-good-to-be-true deal.
• Overly consistent returns : Investors should always be skeptical of investments that generate high returns consistently regardless of the fluctuating market conditions.
• Unregistered investments: Before rushing to invest in a scheme, it’s important to confirm whether the investment company is registered.
• Secretive, sophisticated strategies: If you have no idea how a particular investment scheme works, it is better to avoid any 'investment' plan that offers higher returns from such schemes.

What is 'Ponzi scheme'

Ponzi schemes are investment plans in which the owner or operating firm pays investors' returns from new cash raised from new investors rather than from the company's revenues.

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 US: Indian-American arrested for defrauding community members in Ponzi scheme

NEW YORK: A 56-year-old Indian-American man has been arrested in North Carolina on charges of defrauding Indian community members in a Ponzi scheme asking them to invest in real estate property that would earn them profits.

Kumar Arun Neppalli, a resident of Cary was arrested on Tuesday upon the unsealing of a 23-count indictment in connection with an investment fraud scam targeted at Triangle's Indian community in North Carolina, the US Attorney's Office Eastern District of North Carolina said in a news release.

Neppalli used ”his good standing within the Indian-American community in Cary” to defraud at least 12 victims or sets of victims into giving him funds under the false pretence that he would be investing their money in a legitimate real estate development, the news release said on Tuesday.

He used to ask the investors to give him money quickly - sometimes that day - and promised to return them the principal investment along with a profit within a few months.

“Our investigation shows Neppalli abused the trust and confidence placed in him by fellow Indian-American community members,” said Michael C Scherck, FBI Acting Special Agent-in-Charge.

“He promised to invest their money in property. Instead, Neppalli used the funds to pay back other people he swindled as part of his scheme; now, multiple victims are left without their much-needed savings,” said Scherck.

Neppalli used the money from his investors “to pay back earlier investors who believed that he was returning their original investment and legitimate capital gains,” said the release.

Returning capital to earlier investors by defrauding new investors is commonly known as a “Ponzi” scheme.

“The US Attorney's Office is working closely with the FBI to identify, investigate, and pursue those who cheat people out of their hard-earned money," said US Attorney Michael Easley.

Neppalli is accused of 17 counts of wire fraud and six counts of conducting transactions in a criminally derived property.

He is expected to go to trial later this year and could face up to 20 years in prison if convicted.

 The Central Bureau of Investigation (CBI) has registered 100 cases involving 132 firms relating to Ponzi schemes in the last three and half years, and has made 21 arrests in this regard, the Centre informed Lok Sabha on Monday.

A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

The Enforcement Directorate (ED) launched 87 money laundering inquiries in such cases between 2019 and 30 June 2022. the Centre informed Lok Sabha on Monday. Eight persons have been arrested by ED under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

Serious Fraud Investigation Office (SFIO) has informed that it has been assigned investigation by the Ministry of Corporate Affairs (MCA) into the affairs of nine cases (five in 2019-20, one in 2020-21, and three in 2021-22) involving 85 companies (36 in 2019-20, 16 in 2020-21, and 33 in 2021-22) during the last three years, which were allegedly engaged in fraudulent chit fund, Multi-Level Marketing (MLM) or Ponzi activities.

“No arrest has been made in this regard by SFIO," said inister of State for Finance Pankaj Chaudhary

Meanwhile, the Sachet portal of RBI, which is the online platform for State Level Coordination Committees (SLCC) and facilitates the public to lodge complaints of financial frauds, received 1540 complaints related to non-repayment of deposits and money collected for various kinds of Investment Schemes (964 in 2020-21, and 576 in 2021-22).

Through SACHET, which was initially launched on August 4, 2016, people have been cautioned against fraudulent schemes and entities. From the portal, people can obtain information regarding entities that are allowed to accept deposits, whether the entity is registered with any regulator, lodge complaints and also share information regarding illegal acceptance of deposits by unscrupulous entities.

 Finance minister Nirmala Sitharaman on Sunday cautioned consumers against financial influencers (finfluencers) and warned that several apps offering financial schemes are ponzi scams, which is being dealt with by the finance ministry along with the ministry of electronics & IT and the RBI.

“We are clamping down on them like never before. We don’t want those ponzi apps taking away people’s hardearned money,” she said.

Speaking at an event in Bengaluru, the FM said there was no proposal before her to regulate finfluencers, her statement comes months after Sebi’s move to regulate social media influencers. Countries such as Australia and the UK are also cracking down on influencers advertising financial products on social media.

“If there are three or four people giving free objective good advice, there are seven others who are driven by other considerations,” Sitharaman said.

Social influencers, financial influencers are all outthere, she said. “But a very strong sense of caution is required in each one of us to make sure that you double check, talk to people, and don’t just flock to something. We have to be careful. It’s our hard-earned money.

”

Sitharaman also said that the government has taken several steps to widen the tax base, while ruling out any move to tax agricultural income.

“We are not increasing taxation but bringing it down. We are also giving a parallel scheme, where there are no exemptions and the rate is very low…. Changes have been brought to encourage people to come into the tax fold. For a truly salaried person, tax gets deducted. But for some others, who spend on foreign travel or (undertake) a huge expense on buying a car or a property, we do have tax deduction (at source).

The deduction is not with the intentof putting a higher burden, but with an intent to reconcile this,” the FM said.

While acknowledging that there are some non-salaried who paid the TDS but did not file returns, Sitharaman said there was greater tracking and an awareness campaign was also introduced. “Tax is being paid for a national cause, to build roads and hospitals. But it cannot only be on the salaried class because their income is traceable.

We are doing a lot of campaigns. At the same time, we are trying to get closer (to the non-salaried) through these measures. The salaried class sometimes feel why they are only burdened and not others are questioned. They should remember that the government is approaching others as well, big expenditures are now being taxed, they’re paying TDS,” she said.

A Ponzi scheme is an investment scheme wherein new investors' money is used to pay the promised return to previous investors rather than profits of the purported business.... The best way to avoid a Ponzi scheme is to do the following before investing:

Inquire into and compare the risks with the potential rewards of the investment.

Understand the investment, and verify its details and the promoter's claims.

Understand the nature of underlying business and its operating history, success rate, who is responsible for operations and their education, experience, skill and training, investment history.

Seek assistance from and consult an unbiased, trustworthy third party like an unconnected broker or licensed financial adviser, attorney or accountant; get a second opinion.

Ask for written, detailed information, including on the company, its officers and its financial track record, and what recourse you would have if you were not satisfied with your investment.

Ask promoters about their education and experience, and what institutions have invested with them, and what commission, fee or benefit they will earn through the investment and how and through whom they are paid.

Exercise due diligence; do a background check and search the internet regarding the investment, individuals and companies involved in the investment....

 We cannot all blame it on investors and of course, I think the large part of the solution is in educating investors but it is it is not the whole thing. You also need very heavy action against the fraudsters so that it becomes an example for future scamsters that this is what happens. It is not just the cost of doing business but you go straight to jail.

It is usually quite a difficult scam to crack simply because the funds have actually gone to innocent people. In terms of just the size, the scale is what is astounding I would say, I think most of the Ponzi schemes are quite small, they are localised but at that 15000 or 16,000 crores this is really quite a spectacular scam for a for a single individual or a small team of people," says Sandeep Parekh, Finsec Law Advisors.

It's like the real life Bunty Babli scam, if I can call it, what has been the modus operandi, it is called the Bike Bot Scam?

Yes. So essentially, I guess it was a classic Ponzi scheme, which in the name of selling the electric bike this lady has raised money and essentially was paying some interest. And that interest was actually on the principle of later investors. So it is a classic Ponzi scheme and it is a very, very old trick, really. It is hundreds of years old, started probably in the South Sea Bubble in the UK several hundred years back and continues to kind of attract lots of scamsters.

We have had so many in the past 20 years and this just has a different label attached to it, which is for two wheeler motorcycles to be used for taxis. The scam is usually very straightforward. You kind of say there is some business behind raising of capital and you offer a return. And ultimately, as I said, it is it is a good Ponzi scheme. The principle of the later investor goes towards the interest payments for the former investor and therefore, by the time you crack it most of the money has actually gone to other investors even if you can trace first his or her income. So it is usually quite a difficult scam to crack simply because the funds have actually gone to innocent people. In terms of just the size, the scale is what is astounding I would say, I think most of the Ponzi schemes are quite small, they are localised but at that 15000 or 16,000 crores this is really quite a spectacular scam for a for a single individual or a small team of people.

So, as you just said that it is a Ponzi scheme and it is quite difficult scheme to crack but in spite of that, we will have to give away to this scamster who has duped lakhs of investors and almost 15,000 crore rupees that we are talking about. But it is not anything innovative or any new kind of a scam that we are talking about. This actually signals or hints towards the lack of awareness and lack of financial literacy in the country that needs to be done. Now, even though we know that the investors have filed a complaint and this is going on since 2019, I believe and what are the chances of these investors getting back their money? Is there any hope for them?

Usually the chances are quite slim because, as I said, bulk of the money in a Ponzi scheme goes to prior investors. So even assuming that the scamster still has all the money, which she has kind of made out of this it will usually be a small percentage of what is owed to the later investors. So, record in a Ponzi scheme is very poor because the regulator wants to go after innocent investors. I mean, main thing like you rightly said, is investor education and I think investors should look at outsized returns which are being offered, fantastic schemes which are being offered, they should look at whether the person offering is registered with any regulators. I think these are kind of a couple of simple things.

So we cannot all blame it on investors and of course, I think the large part of the solution is in educating investors but it is it is not the whole thing. You also need very heavy action against the fraudsters so that it becomes an example for future scamsters that this is what happens. It is not just the cost of doing business but you go straight to jail.

What is the lapse over here? Why are we still seeing these kind of Ponzi scams active after coming up with such stringent rules and laws? We can still witness these happening and these are the ones that have been reported. I am sure there are many which go unreported, and people are not even aware that they have been a victim of such scam.

Absolutely. I think your second point is extremely important because usually these are localised, they run into a few lakhs, cumulatively at the most a few crores. So, they are all below the radar and people are embarrassed to be honest. So, if somebody has stolen your Rs 50,000 through a scam because you wanted 25% return per annum, you probably would not report it to the police. You are not going to report it to anybody. You will just kind of take it on the chin and move on. Secondly, litigation in India is very painful and coming to your first comment really, the way the laws is there is a transmission lawsuit between way the laws are written, how they are enforced and ultimately how long it takes for the enforcement.

So, this transmission means that the justice is very-very delayed and therefore it becomes a bit of a difficult task for somebody who has lost a few lakh or a few thousand rupees to really challenge it, whether criminally or through civil court and therefore, the scamsters end up seeing it as a cost of doing business and ultimately, they do not go to jail, they do not pay the missing and at the worst they do, they pay back what little money they have and they keep fighting for decades at length, both in civil and criminal proceedings.

What all people need to understand and maybe just before falling prey to these kind of schemes or becoming a victim, what could be the red flags that one can notice and observe and then take step accordingly?

The biggest red flag for anybody has to be outsized returns. If your bank is giving you 5%, 6%, equities are returning 10%, there is no way any credible person will give you 20%. So, I think the greed kind of attracts these kind of victims very easily and then the first payment is kind of reaffirmation psychologically in the investor mind that I have got the money in my hand, I have got these Rs 2 back from the hundred I have given and that is what all of these rely on that kind of reassurance that is given with the first payment and Ponzi schemes work only.

They kind of keep going and growing geometrically. I think the first catch is really kind of to eliminate greed, which is if something is too good to be true, it is. Second is, I think, just look for regulated people. Are the people who are selling you stuff, are they regulated by anybody because almost all financial products today fall within the regulatory ambit of one or another regulatory.

Most states have regulation against raising any kind of capital, including all the local schemes that you have, chit funds, etc. The third is, I think, really just using common sense that if there is some business behind it and if it is such a large business, in this example, somebody has raised 15,000 crores, that is kind of almost like a multi-unicorn business that has been claimed to exist, so that can easily be verified. In all cases, of course, it can be verified if it a small chit fund in Nagpur I do not think Indore residents can figure out, but once it gets this large, it is difficult to say that the investors did nothing at all and could do nothing at all.

So I think a lot of this has also happened in the last two years, where people have seen other investors make lots of money from equity markets, from crypto, that neighbours making a lot of money. So, I think a lot of people are going to learn the hard way that there is no concept of free money. You can make some investments and make some reasonable return, but free money does not really exist.

आम्रपाली समूह प्रकरणात सर्वोच्च न्यायालयाच्या निर्णयाचा देशभरातील इतर अपूर्ण प्रकल्पांतील घर खरेदीदारांवर काय परिणाम होईल? 

आम्रपाली ग्रुप ऑफ कंपनीजच्या बाबतीत सर्वोच्च न्यायालयाने २३ जुलै २०१९ रोजी ऐतिहासिक निर्णय दिला, ज्याचा देशभरातील घर खरेदीदारांवर व्यापक परिणाम झाला आहे. या निर्णयाची आणि त्याच्या परिणामांची आपण संपूर्ण चर्चा करूया.

आम्रपाली संकट: मामले की तथ्य

आम्रपाली समूहाने २०१० ते २०१४ या कालावधीत नोएडा आणि ग्रेटर नोएडा परिसरात सुमारे ४२,० निवासी सदनिका बांधण्याचा प्रस्ताव ठेवला होता. समूहाने खरेदीदारांकडून फ्लॅटच्या किमतीच्या ४०% ते १००% पर्यंत अॅडव्हान्स घेतले. अलॉटमेंट कम फ्लॅट खरेदी करार करण्यात आला, ज्याची नोंदणी झाली नाही. ३६ महिन्यांच्या कालावधीत बांधकाम पूर्ण करून सदनिकांचा ताबा देण्याचे आश्वासन ग्रुपने दिले होते. आम्रपाली समूहाने नोएडा प्राधिकरण आणि ग्रेटर नोएडा प्राधिकरण (प्राधिकरण) यांच्याशी फ्लॅट बांधण्यासाठी ९० वर्षांचा भाडेकरार केला होता. भाडेकरारानुसार भाडेपट्ट्याचा हप्ता टप्प्याटप्प्याने प्राधिकरणाला भरायचा होता, जो अखेर १० वर्षांपर्यंत वाढविण्यात आला. आम्रपाली समूहाने एकूण रकमेपैकी केवळ १० टक्के रक्कम महापालिकेला दिली होती. काही फ्लॅट खरेदीदारांनी खरेदीदार, आम्रपाली ग्रुप आणि संबंधित प्राधिकरण यांच्यात होणारा त्रिपक्षीय करार न करता फ्लॅटचा ताबा घेतला होता.

आम्रपाली समूहाने या प्रकल्पांसाठी बँकांच्या समूहाकडून कर्जही घेतले आणि बँकांनी जमीन आणि प्रस्तावित प्रकल्पावर कथित दुय्यम शुल्काअंतर्गत हे पैसे टाटा समूहाला दिले. या जागेवर दुसरा चार्ज तयार करण्यासाठी ना हरकत प्रमाणपत्र (एनओसी) देताना आम्रपाली ग्रुपने प्राधिकरणाची सर्व थकबाकी भरावी, या अटीवर बँकांचे दुसरे चार्ज तयार करता येतील, अशी अट घालण्यात आली होती, जी कधीच झाली नाही. ज्या बँकांनी प्रकल्पांसाठी कर्ज दिले होते, त्यांनी त्या पैशांच्या प्रत्यक्ष वापरावर लक्ष ठेवणे अपेक्षित होते.

मात्र, आम्रपाली समूहाला घर खरेदीदारांना फ्लॅट देण्यात अपयश आले. दरम्यान, बँक ऑफ बडोदा या बँकेने आम्रपाली समूहाविरोधात राष्ट्रीय कंपनी कायदा न्यायाधिकरणाकडे (एनसीएलटी) खटला दाखल केला असून आम्रपाली समूहाविरोधात कोणताही खटला दाखल करण्यास तसेच समूहाच्या कोणत्याही मालमत्तेची विल्हेवाट लावण्यास मनाई करण्याचे आदेश दिले आहेत. एनसीएलटीच्या आदेशाविरोधात भारतीय राज्यघटनेच्या कलम ३२ अन्वये सर्वोच्च न्यायालयात रिट याचिका दाखल करण्यात आली होती आणि नंतर अनेक घर खरेदीदारांनी हस्तक्षेप अर्ज दाखल केले होते.

सुनावणीदरम्यान आणि वस्तुस्थिती जाणून घेण्यासाठी सर्वोच्च न्यायालयाने आम्रपाली समूहाच्या व्यवहारांचे आणि खात्यांचे फॉरेन्सिक ऑडिट करण्याचे आदेश दिले.

फॉरेन्सिक ऑडिटमध्ये समूह, प्राधिकरण आणि बँकर्सयांच्या वर्तनात अनेक अनियमितता उघड कीस आल्या. या समूहाने बँकांकडून घेतलेले पैसे दुसरीकडे वळविल्याने निधीच्या वापरावर लक्ष ठेवण्यात बँकांकडून हलगर्जीपणा करण्यात आला. प्राधिकरणाने समूहाशी हातमिळवणी केली आणि भाडेकरारातील अटी व शर्तींचे उल्लंघन करण्याकडे दुर्लक्ष केले.

आम्रपाली ग्रुपला घर खरेदीदारांकडून भरघोस पैसे मिळाले होते. समूहाच्या थकबाकीमध्ये जमीन भाडेपट्ट्यासाठी प्राधिकरणांना द्यावा लागणारा भाडेपट्टा हप्ता, तसेच बँकांची थकबाकी यांचा समावेश होता. सरकार आणि बँकांनी घर खरेदीदारांच्या दाव्यापेक्षा, त्यांची थकबाकी भरण्यास प्राधान्य दिल्याचा दावा केला.

आम्रपाली प्रकरणी सुप्रीम कोर्टाचा निर्णय

संबंधित सर्व पक्षांचे म्हणणे ऐकून घेतल्यानंतर सर्वोच्च न्यायालयाने असा निष्कर्ष काढला की बँका आणि प्राधिकरणांनी चांगल्या हेतूने काम केले नाही आणि त्यांच्या कामात हलगर्जीपणा केला आहे आणि या प्रकरणात व्यापक जनहिताच्या मुद्द्यांचा समावेश आहे. सर्वोच्च न्यायालयाच्या मते बँका आणि प्राधिकरणांनी 'सार्वजनिक हित' या सिद्धांताच्या विरोधात काम केले होते, कारण दोन्ही सार्वजनिक संस्था आहेत आणि जनतेच्या विश्वासाचे रक्षण करणे अपेक्षित होते. केंद्र सरकार आणि बँका आपले कर्तव्य पार पाडण्यात अपयशी ठरल्याचे निरीक्षण न्यायालयाने नोंदवले. रिअल इस्टेट व्यवसाय प्रामुख्याने खरेदीदारांनी त्यांच्या घरांच्या खरेदीसाठी गुंतवलेल्या पैशांवर टिकून असल्याचे निरीक्षण नोंदवले. त्यामुळे त्यांना घरे मिळविण्याचा अधिकार होता. आम्रपाली समूहाने कर्ज मिळविण्यासाठी बँकांना सशर्त परवानगी दिली होती, तेव्हा भाडेपट्ट्यांअंतर्गत देय प्रीमियम भरला गेला आहे की नाही आणि आजपर्यंतचे भाडेभाडेही भरले गेले आहे की नाही, याची खातरजमा संबंधित अधिकाऱ्यांकडून करणे बँक अधिकाऱ्यांवर बंधनकारक आहे, असेही सर्वोच्च न्यायालयाने नमूद केले.

फ्लॅटचे प्रलंबित बांधकाम एनबीसीसी या सरकारी कंपनीने पूर्ण करावे, असे आदेश न्यायालयाने दिले. सर्वोच्च न्यायालयाने असेही म्हटले आहे की नोएडा प्राधिकरण आणि ग्रेटर नोएडा प्राधिकरण अपूर्ण प्रकल्पांवर कोणतेही शुल्क आकारणार नाहीत, जे न्यायालयाच्या मते, घर खरेदीदारांचे हक्काचे आहेत. ज्या कंपन्या आणि प्रकल्पांमध्ये निधी वळविण्यात आला होता, त्यांच्याकडूनच बँका आणि प्राधिकरणे आपली थकबाकी वसूल करू शकतात. नोएडा प्राधिकरण आणि ग्रेटर नोएडा प्राधिकरणाची थकबाकी घर खरेदीदारांच्या थकबाकीप्रमाणे मानली जाऊ शकत नाही.

सर्वोच्च न्यायालयाने या खटल्याचा निकाल देताना रिअल इस्टेट (रेग्युलेशन अँड डेव्हलपमेंट) अॅक्ट (रेरा) मधील तरतुदींचा आधार घेतला आणि रेरा नोंदणी रद्द करणे, विकासकाने निर्धारित मुदतीत बांधकाम पूर्ण न केल्यास घर खरेदीदारांसाठी उपाययोजना, तसेच अर्धवट पूर्ण झालेले प्रकल्प पूर्ण करण्यासंदर्भातील विविध तरतुदींचा उल्लेख केला. ज्या इमारतींमध्ये फ्लॅट खरेदीदार आधीच वास्तव्यास होते, अशा इमारतींना भोगवटा प्रमाणपत्र (ओसी) देण्याचे निर्देश सर्वोच्च न्यायालयाने दिले आणि त्यांची थकबाकी भरली नसल्याचे कारण देत प्राधिकरण असे प्रमाणपत्र नाकारू शकत नाही. तसेच इतर इमारती पूर्ण होताच त्यांना ओसी देण्याचे निर्देश ही न्यायालयाने दिले आहेत. सर्वोच्च न्यायालयाने या भागातील युटिलिटी प्रोव्हायडर्सना आधीच ताब्यात घेतलेल्या इमारतींमधील रहिवाशांना पाणी आणि वीज जोडणी आणि इतर सुविधा पुरविण्याचे निर्देश दिले.

सर्वोच्च न्यायालयाने घर खरेदीदारांच्या दाव्यांना प्राधान्य देण्याच्या आपल्या युक्तिवादाचा सारांश खालील निरीक्षणांसह मांडला:

ही फसवणूक रोखण्याची जबाबदारी केंद्र सरकारतसेच बँकांची होती. आता जर बँका, तसेच प्राधिकरणांना घर खरेदीदारांच्या गुंतवणुकीतून रक्कम वसूल करण्याची परवानगी दिली गेली, तर ते तितकेच अन्यायकारक ठरेल आणि कायद्याच्या विरोधात असेल आणि खरेदीदारांसाठी काहीही शिल्लक राहणार नाही, एक वीटही शिल्लक राहणार नाही आणि त्यांचे पैसे गुंतवून वास्तू उभ्या राहिल्या आहेत.

भारतात इतरत्र अपूर्ण प्रकल्पांवर सर्वोच्च न्यायालयाच्या निर्णयाचा परिणाम

सर्वोच्च न्यायालयाने आदेशाच्या परिच्छेद १४१ अन्वये म्हटले आहे:

ज्या ठिकाणी प्रकल्प अपूर्ण राहिले आहेत आणि घर खरेदीदारांची वरील पद्धतीने फसवणूक झाली आहे, त्यांना घरे उपलब्ध करून देण्यात यावीत, यासाठी केंद्र सरकार आणि राज्य सरकारने योग्य ती पावले उचलावीत, असे निर्देश त्यांनी दिले आहेत.

वरील निर्देशांवरून अपूर्ण प्रकल्पातील इतर घरखरेदीदारांसाठी 'अच्छे दिन' पुढे येऊ शकतात, हे स्पष्ट होते. घरांचे बुकिंग आणि पैसे भरलेल्या खरेदीदारांना घरे मिळावीत, यासाठी केंद्र आणि राज्य सरकारने आवश्यक ती पावले उचलावीत. सर्वोच्च न्यायालय सर्व निर्देशांवर लक्ष ठेवेल, कालबद्ध वेळापत्रकात, या निर्णयामुळे देशातील सर्व घर खरेदीदारांना मदत होईल आणि भारतातील सर्व अपूर्ण प्रकल्पांसाठी एक आदर्श निर्माण झाला आहे.

(लेखक कर व गुंतवणूक तज्ज्ञ असून त्यांना ३५ वर्षांचा अनुभव आहे)

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 The ICE industry is ancient and has had complications like vehicle fires during early years, but electric is in early stages and over time it will improve, said Subhash Sharma, operations head at Komaki.

Electric vehicle player Komaki, which launched the Ranger and Venice electric two-wheelers in January and the DT 3000 last month, plans to launch fireproof batteries in India that it has been working on for the last year, a top executive at the company told FE.

“We are in the process of acquiring the patent (for fireproof batteries),” Subhash Sharma, operations head at Komaki, said.

Over the last few days, there have been at least four reported incidents of two-wheeler electric vehicles catching fire. Fireproof batteries, at least theoretically, can ensure no such incidents happen with Komaki vehicles.

According to Sharma, EVs can catch fire due to three reasons: Poor quality lithium cells, cell leakage inside the battery, and mismatch between parameters of battery controller and motor (powertrain). He, however, added that internal combustion engines (ICE) are as susceptible to fire as EVs are. “Both gasoline and lithium are highly inflammable—the self-ignition temperature of gasoline is a little over 210-degree Celsius, while that of lithium is about 135-degree Celsius. The safety is in the technology that is used to harness the energy. The ICE industry is ancient and has had these complications during early years, but electric is in early stages and over time it will improve,” he said.

At Komaki, he said vehicles are actively observed and checked with accurate calculation parameters between current flow and battery capacity with temperature control features in BMS and controller. “We also take measures to purchase the best quality cells to develop safer batteries and reduce the risk of such incidents. We use metal outer casing instead of plastic, like some of our competitors do,” Sharma said.

While its EV business was set up in 2016, KBL Komaki Pvt Ltd has been into bearings and driveshaft business since 1987. For its EVs, it currently has 350 dealerships. It has sold over 2,500 units of the Ranger and the Venice combined, and this calendar year it will launch a few more models.

Rajkummar Rao has requested an investigation by the Credit Information Bureau (India) Limited (CIBIL).

Rajkummar Rao revealed on Saturday that he was a victim of fraud, with his PAN card being used to obtain a loan in his name. The actor claimed that his credit score had been harmed as a result of the scam. He has requested an investigation by the Credit Information Bureau (India) Limited (CIBIL).

Taking to Twitter, Rajkummar wrote, "#FraudAlert My pan card has been misused and a small loan of ₹2500 has been taken on my name. Due to which my cibil score has been affected. @CIBIL_Official please rectify the same and do take precautionary steps against this."

Rajkummar, on the other hand, has been a victim of fraud for the second time this year. In January, he spoke out about a phoney email sent in his name in an attempt to extort Rs. 3 crore.

He had uploaded a screenshot of the email on Instagram Stories. The actor wrote, “#Fake guys please be careful of such fake people. I don’t know anyone named Saumya. They are using fake email ids and managers to con people.”

According to HT, Rajkummar had shared the mail which read, “Hi Arjun, As per our last conversation to you and my manager Saumya, I hereby say that I agree to work in the said film titled Honeymoon package, which is being written by Mr Santosh Maskey and the director on the crew is Also Mr Santosh Maskey. As I am physically not present in Mumbai, I am sending this consent on mail."

"The process of signing and script narration, the hard copy of the mailed agreement would be done once we are in Mumbai. The agreement will come into effect only when the agreed signing amount of ₹3,10,000,00 (50% of the total fees) is credited to my bank account or as per My manager Saumya said you are giving me 10,00,00 in cash and 3,00,000,00 by cheque. I am comfortable on 6th of January for the narration in Hyderabad Ramoji Studio. You, director & Producer, are invited here along with all above the mail, Regards, Rajkumar Rao.”

Rajkummar's most recent film was Badhaai Do, in which he co-starred with Bhumi Pednekar.