Shivam Associates case transferred to CID, says Minister
The State government has transferred the financial fraud case involving Shivam Associates to the CID for investigation. Minister Satish Jarkiholi emphasized that the investigation will uncover the extent of the fraud and the individuals responsible. He also warned the public to be cautious about investing in unauthorized institutions offering high interest rates.
- ▪The case of Shivam Associates has been transferred to the CID for investigation.
- ▪Minister Satish Jarkiholi stated that the CID will reveal the truth about the financial fraud.
- ▪Shivam Associates promoter Shivananda Neelannavar is facing multi-crore fraud charges.
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“The State government has transferred to the CID the case of financial fraud by Belagavi-based Shivam Associates,” Minister Satish Jarkiholi said in Belagavi on Sunday.“A team of CID officials led by Director and Inspector-General of Police Bheemashankar Guled arrived in Belagavi to take over investigation. The CID investigation will reveal everything about the issue, its extent, those behind it, the total losses suffered by people, among others. The complete truth and accurate information about this scam will come out only after the CID officials complete their investigation and submit their report,” he said.To a query, he told reporters that there is no politics behind the arrest of Shivam Associates promoter Shivananda Neelannavar.Mr.
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