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Bengaluru: Power cuts likely on Oct 14, 15. Here are the affected areas

Several parts of Bengaluru are expected to face power outages on October 14 and 15, Bangalore Electricity Supply Company Limited (Bescom) announced on their website.

Here is a list of the areas to be affected:

October 14, Friday: KIADB Ist Phase Industrial Area, Billekempanahalli, Maruthinagara, Beemenahalli, Ningaianadoddi, Lakshmisagara and Rangegowdanadoddi areas will have electricity interrupted between 10 am and 4 pm. The areas come under the Ramanagara Bescom division and Bidadi sub-division.

Additionally, Karnataka Power Transmission Corporation Limited (KPTCL) work will cause interruptions in the following areas from 10 am to 4 pm. The areas are:

In Ramanagara, 66/11kV Bevoor Line, 66/11KV Dashawara, 66/11KV Sankalagere, 66KV solar power plant.

In Jayanagar, Elita Promenade Appartments, KR Layout, Sharadanagar, Chunchughatta and area surrounding sub-station.

October 15, Saturday: KIADB Ist Phase Industrial Area will have electricity interrupted between 10 am and 4 pm. The areas come under the Ramanagara Bescom division and Bidadi sub-division.

Additionally, KPTCL work will cause interruptions in the following areas from 10 am to 3 pm. The areas are:

HSR Layout & Chandapura: Electronic City Ph-1, Neeladri Road, Hebgodi, Veersandra, Golahalli,EHT Infosys, 66/11kV Hulimangala station feeding areas.

HSR Layout: Shakambari Nagara, Pipe line road, Ragavendra Swamy matta, JP Nagar 1st Phase, 14th cross, Salarpuria Appt, Nagarjuna Appt, Puttenahalli area, Jayanagar 8th Block, Jayanagara 5Th Block, Jayanagar 7th Block, ITI layout, SBI colony, Near RV dental, college surroundings, 24th main, Behind LIC Office, LIC colony, K R Layout, Venkatadri Layout, JP Nagar 5th Phase, Sai Nursery Road, JP Nagar 6th Phase, 15th cross, 16th & 12th cross, Adarsha residency apt, Adarsha garden, Sindhura convention hall & surroundings, JP Nagar Metro and surroundings, Indira Gandhi circle, Aster hospital, 15th cross underpass road, Actor Sudeep house surroundings, 24th main Nandini hotel signal junction, Green city hospital.Central mall, KR layout, Venkatadri layout, Kalyani Magnum road, DS Palya, Vaishnavi Terrace apt, JP Nagar-2nd, 3rd, 4th, 5th phase, Marenahalli, Manjunath colony, Tank Bund road, Bannerghatta road, Dollars layout, Kalyani magnum apt, Kalyani Krishna magnum, JP Nagar 2nd,3rd,4th,6th phases, Bannerghatta road, KR Layout 15th cross, Rose garden, Sarakki garden, JP Nagar 1st Phase, Sarakki gate, SBI colony, Sangam circle 47th cross, Jayanagar 8th block, Arya Nagar, Jayanagar 4th & 5th block.

Jayanagara: Manthri apartment, Thalaghattapura, Raghuvanagalli, Gublala, kuvempu nagar, VV nagar; VV layout, Balaji Layout, Royal form

Vidhana Soudha Division, RR Nagar Division, Jayanagar Division: City Market, Avenue road, BVK Iyengar road, RT street, CT street, Chikkapet, Nagarathpet, SP road, Townhall, JC road, Minerva Circle, KG road, Gandhi Nagar, Masidi, Mysore road police quarters, Gori Palya, Binny pet, New Tharagu pet, Chamarajpet, AM road, Kalasipalya, Victoria Hospital, KIMS, Shankarpuram, Dental college RMU, SJ park RMU,

Whitefield: Prestige Shantiniketan MUSS, Reliance Communication, Magna Wearhouse, Tikmali, Partial EPIP and Whitefield Area

Additional East Shivajinagar division: Maruthi Sevanagar, Jai Bharath Nagar, Frazer Town, Cox Town, Benson town, Richards town, Davis Road, Mosque Road, Biyappana Halli, Nagena Palya, Lingaraj Puram, Halsoor, Jeevana Halli, R K Road, Coles Road Tannery Road, and ITC, etc.

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Karnataka: ED attaches assets worth Rs 35 crore of Vikram Investments, associates in Ponzi scheme scam

Enforcement Directorate (ED) has provisionally attached assets worth Rs 35.70 crore of Vikram Investments and other associates under the provisions of the Prevention of Money Laundering Act, 2002 in connection with a Ponzi investment scheme scam.

The attached immovable properties, valued at Rs 34.21 crore, are in the form of land, office spaces and residential flats in various places in Bengaluru and the movable assets are in the form of bank balance and fixed deposits worth Rs 1.49 crore, the ED said.

According to the official statement of ED, it initiated a money-laundering investigation based on an FIR dated March 3, 2018, registered by Banashankari police station, Bengaluru, against partners and associates of Vikram Investments — Raghavendra Srinath, KP Narasimhamurthy, M Prahlada, KC Nagaraj and Sutram Suresh — for allegedly cheating the general public by luring them to invest money promising high returns.

The modus operandi adopted by the company was that they were involved in collecting investments from customers on the pretext of commodity trading, offering huge returns; up to 30-35 per cent interest annually. However, they were not registered with any of the regulatory agencies including RBI. They ensured that customers would get back their first instalment as promised. This earned them trust and lured customers to invest more money after which the company stopped paying them back any money, including the principal amount.

High-profile personalities also invested in this scheme in the hope of earning huge returns. Initially, the company paid profits to the existing investors out of funds obtained from its new investors. The company used LIC agents and others who would convince their friends and family to invest and in exchange get a heavy commission.

Initial investigations suggest that around 2,420 persons had invested in the said entity and the total investment was around Rs 417 crore, out of which around Rs 331 crore was paid to the clients as profits and the remaining Rs 86 crore was embezzled by Raghavendra Srinath and his associates.

During the investigation, it came to notice that Raghavendra Srinath had deliberately delivered an exceptionally huge amount of net profit of around Rs 35 crore to one R Krishna which was not possible in any prudent way. Further investigation is in progress.

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