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Mangalore: Man Held for Cheating over 11,000 People

  •   Sun, Jun 20 2010 02:06:03 AM

Mangalore: Man held for cheating over 11,000 people

Pics by Spoorthy Ullal
Daijiworld Media Network

Mangalore,Jun 20 : Time and again fraudsters, who assure to double the money or high rate of interest for deposits, have cheated people in several parts of the State. Yet the innocent people fall prey to them. 

In a fresh case, Mangalore police have arrested a man who reportedly cheated over 11,000 people in Mangalore and Belgaum by collecting about Rs 76 lakh from them, by assuring them higher rate of interest for the money deposited by them.

The arrested, Diwakar Alva alias Diwakar B A (42), a native of Puttur, was running a firm Vishwa Chethana Concept at Manasa Tower near P V S Building and another office in Mahendra Arcade on Karangalpady Road. He was issuing bonds (insurance) in the name of Reliance Company.





Informing the same to media persons here on Saturday, Police Commissioner Seemanth Kumar Singh said the modus operandi of Diwakar was to collect a sum of Rs 10,150 from each person assuring them a return of Rs 5,500 after 45 days for one year. “Diwakar assured to repay a sum of 13 lakhs after 30 years to those who paid Rs 10,150 per bond,” the Commissioner said and added that he had collected a sum of Rs 21 lakhs from 300 persons in Mangalore that includes Rs 10,150 each from over 200 persons and Rs 900 each from over 100 persons. A case has been registered in Mangalore East police station.

Rs 55 lakh cheated in Belgaum

In Belgaum, Diwakar had opened a similar firm ‘V Creations’ some time ago. The Commissioner said that Diwakar had cheated about 11,000 people in Belgaum by collecting a sum of Rs 55 lakh. A case has been registered against Diwakar in this regard on April 8, 2010.

Though the police received a few oral complaints from the members of the pubilc, they acted upon the same after an auto driver Dharnappa Gowda lodged a formal compalint with the police a few days ago. Based on the complaint, a special team headed by ACP B J Bhandary and Police Inspector Niranjanraj Urs was formed.

 Acting on a tip off, the team took Diwakar into custody in Mysore on June 18, brought him to Mangalore on June 19. He was produced before the court in Mangalore which remanded him to police custody for five days.

Further investigations are on. Meanwhile, the Commissioner has requested the members of the public not to fall prey to people who assure higher rate of interest. 

  

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Comment on this article

  • NAGARAJ N, BANGALORE

    Sun, Oct 12 2014

    DONT SEND IT OUT SIDE IN PRISON BECUASE ANY LOW IS POSSIBLE PLEASE HANG OVER IT HE IS NOT ELIGABLE TO LIVE IN WORLD AGAIN HE IS CHEATED SOME INNOCENT PEOPLE 100% IAM TELLING IN THIS ISSUE PLEASE REQUESTED SAVE INNOCENT PEOPLE HANG IT NOT IN USE LIVE IN THE WORLD THIS IS CAL TO COMMISSIONER

    DisAgree Agree Reply Report Abuse

  • kazi mujtaba ali, Salar

    Wed, Jul 14 2010

    Now a Malaysian Co. Unipay2u giving its members double the deposites . The company acquired licence under Company Act. from India Government . According to the Company they are gold treading company and members purchase gold to tread via Unipay2u so the company is far away from any laws to be imposed . Is the company paying its members money by treading gold or giving ones money to another

    DisAgree Agree [1] Reply Report Abuse

  • Anamika, Mangalore

    Mon, Jun 21 2010

    Dear All the people of this state and country BEAWARE OF MNC gold scheme by UNIPAY2U ???
    Just take care of hard earned money think before you act
    its a bigining Alaram

    DisAgree Agree [1] Reply Report Abuse

  • Francis, Mangalore

    Mon, Jun 21 2010

    It's nice to go through the articles published by Daijiworld so that people can be more cautions whilst investing their money and not to fall prey for this type of cheaters by the gullible.

    By the way a person can cheat one, two, three or say 100 people. But how come 11,000 people. Really amazing!

    DisAgree Agree Reply Report Abuse

  • Aadil Khan, Kasaragod/Saudi Arabia

    Mon, Jun 21 2010

    I wont blame Diwakar Alva. He is smart that is why he was able dupe popole. Everyone should realize one thing. Money does not grow fast and if anyone tempts you giving returns on your investments/deposits that are not reasonable and that tooat short duration means there is something fishy. Only greedy people would run after these types of scam to make money faster. The end result you see now. Anyway, I am sorry about those who lost their hard earned money, but be cautious in future.

    DisAgree [1] Agree Reply Report Abuse

  • Gilson, Mangalore

    Mon, Jun 21 2010

    Jaimini seems to be ignorant on the inner meaning of full-body massage. Full-body massage parlors are mostly involved in sex racket. Friendship club may be similar too, but in a different way.

    Same way doubling the money has something to do with illegal banking activity/money laundering, all to deceive the society.

    Our police dept acts only when people are trapped and FIR is accepted formally. they are never proactive and hence the problem here.

    similarly lottery and Matka (gambling) has a different meaning, one is legal and the other one is illegal. John has the right clue to one and all, including police officers.

    DisAgree Agree Reply Report Abuse

  • M.Bhat, Mumbai

    Mon, Jun 21 2010

    When people lost their hard earned money at the hands of Maharashtra Apex mismanagement, police did not act against them as they took cover under Companies Act by promising to pay the depositors in instalments. Why cannot government arrest those and attach their properties to pay off poor and innconets. Why two different sets of law for two different people?.

    DisAgree Agree Reply Report Abuse

  • Keshava, Puttur

    Sun, Jun 20 2010

    Mr. kukkikatte, its neither Lack of education, insecurity of old age or failure of system and administration. Its our common peoples mentality and lack of knowledge about history. How many such incidents happened in the past, still people don't learn. Investing in a genuine bank or financial company would not fetch lot of interest, but it is safe. People must understand that first. Leave greediness and live happily.

    DisAgree Agree Reply Report Abuse

  • A.S.Mathew, U.S.A.

    Sun, Jun 20 2010

    We can very easily put blame on the victims for their greed, but those evil people taking advantage of
    the gullible and greedy people are far worse.

    These criminals must be punished in the public, besides take everything from the culprits and distribute
    to the victims. If that is not enough to pay back, let the culprit may work all his life to pay back his dues to the victims. Indian laws are not tough enough to punish such white collar criminals.

    DisAgree Agree Reply Report Abuse

  • Adappa, mangalore

    Sun, Jun 20 2010

    Why is Diwakar Alva the only one to be caught?. What about the other finance institutions that have cheated people. Vijaya Leasing has cheated half the bunts and others off their money that were put in shares. When their directors and managers have brought properties and are living very well even now from the kickback they have received in giving out loans without security. Perhaps this guy was not well connected or did not pay the right people.

    DisAgree Agree Reply Report Abuse

  • aboobaker uppala, Uppala/Makkah

    Sun, Jun 20 2010

    AMAZING..Still the innocent or the greedy peoples are becoming the prey of such culprits of the soceity.up to an extend the medias are also responsible for such.because for the sake of money they accept any kind of adds without looking in to the consequenses.It is the task of the media to make awareness among the people to make them alert from such criminals.

    DisAgree Agree Reply Report Abuse

  • S Prakasha, Permude

    Sun, Jun 20 2010

    Kateel - ಆಸೆ ಯೇ ದುಃಖಕ್ಕೆ ಮೂಲ - no innocency or bla bla bla.

    DisAgree Agree Reply Report Abuse

  • Jaimini P.B., Manipal,Sharjah

    Sun, Jun 20 2010

    Mr.John D'silva...FULL BODY MASSAGE WITH FULL SATISFACTION is nothing to do with cheating. You lose small amount if you don't get FULL SATISFACTION !!

    DisAgree Agree Reply Report Abuse

  • Jawar D'Souza, M'lore/Doha

    Sun, Jun 20 2010

    This is not his fault why should one give him money it's the Avarice which lead's to all this. people have to learn the hard way, There is no easy money in this world when it comes to easy money there is some thing wrong there.

    DisAgree Agree Reply Report Abuse

  • Arif , Mangalore

    Sun, Jun 20 2010

    Its good that we are trying to curb such practices. However, this cannot be a one-man show. All people in this chain process must be punished accordingly. The weakest members of the chain become the face of the racket and the others escape unhurt. I feel we must initiate a system to avoid people doing such things. Life is very difficult for normal civilians in India eg. Opening a genuine bank account or applying for a ration card or incorporating a company etc. But for culprits everything is just a swap away mainly because the entire system is corrupt. Along with punishment, re-engineering our system is mandatory else the police department would be flooded with medals for arresting such people.

    DisAgree Agree Reply Report Abuse

  • Althaf Ahmed, Udupi/Oman

    Sat, Jun 19 2010

    Same Story as what we have seen in "Phir Hera Pheri"

    Only the difference is, instead of Bipasha Basu, Diwakar Alva has acted as "Anuradha"

    DisAgree Agree Reply Report Abuse

  • John DSilva, Karkakala

    Sat, Jun 19 2010

    The social service sector of the Police Department should regularly monitor all advertisements such as doubling money,friendship club/full body massage with full satisfaction and speedy action.Only then it may be possible to arrest such cheaters.But instead of taking action,if they collude with them for their share,it may not work. Police intelligence can help the innocent people falling prey to such grimicks. Will they do?

    DisAgree Agree Reply Report Abuse

  • shahnawaz kukkikatte, dubai/udupi

    Sat, Jun 19 2010

    Lack of education, insecurity of old age and greed for money are some factors that make the victims to fall prey to these fraudesters. We dont have a strong mechanism where such fakes are punished. Its failure of system and administration.

    DisAgree Agree Reply Report Abuse

  • ISMAIL K PERINJE, PERINJE/YANBU-KSA

    Sat, Jun 19 2010

    "ELLIAYA VAREGE MOSA AAGUVAVARU IDDARE ALLIYAVAREGE MOSA MADUVAVARU IDDARE".ATHIYAASE GATHI KEDU.MR ALVA U R 2 CLEVER!

    DisAgree Agree Reply Report Abuse

  • Kateel Ramesh Prabhu, Mangalore/Bangalore

    Sat, Jun 19 2010

    It is really surprising to see how the innocent people fall prey to the modus operandi by culprets.These type of incidents happening time and again in our surroundings and there is greater need to people become alert and cautious.Offering higher rate of return,higher rate of amount per gram for gold loan needs to be looked into with caution.

    DisAgree Agree Reply Report Abuse


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