Justin D’Silva
Daijiworld Media Network – Udupi (MS)
Udupi, Dec 30: The Udupi town police intensified their investigation with regard to the multi-crore scam alleged to have taken place at Kamalakshi Multipurpose Cooperative Society.
Police department has sent request letters to the municipality commissioner, all tahsildars of the district and the sub-registrar asking them to identify the properties that are in the name of the accused as well as the society with instructions to not deal with them.
In additi, the police department has also asked all banks and cooperative societies to seize the accounts of the society as well as those in the names of the accused.
Deputy registrar of cooperative socieities of Udupi district has been directed to conduct an inquiry as per rules into the scam alleged to have taken place in Kamalakshi Multipurpose Cooperative Society and submit a report to the police department.
The prime accused and president of the society B V Laxminarayana is already in judicial custody. There is possibility that he will be taken into police custody in the coming days for further investigation.
The police also said that in the coming days the properties of the accused will be seized and attached to the court and also likely to be auctioned as per rules and action will be taken to compensate the investors.
Already 100 victims, investors in the society, have submitted their records to CEN police station. Another 500 to 600 of them are yet to submit their records of investments with the society. CEN police have requested them to submit the relevant documents as soon as possible.
A case in this connection has already been registered. Board of directors of the cooperative society Ravi Upadhya, B V Balakrishna Upadya, Udaya Upadhya, Radhika and Sujatha have also been named as the other accused in the case.