Latest news with #NirmalKrishna
Time of India
2 days ago
- Business
- Time of India
Nirmal Krishna deposit fraud: Home department directs Kinfra to return land to woman entrepreneur
Thiruvananthapuram: The home department by an order on Friday directed Kinfra to return the 50-cent land to a woman entrepreneur Usha Umesh, 53, from whom the land was seized by the key accused in the Nirmal Krishna deposit fraud. Until a few years ago, Umesh was operating Pooja Garments on the land at Kinfra Park, but the accused K Nirmalan evicted her using fraudulent methods. He then took over the land and the 54,000 sq ft building at the park by flouting all norms. The accused then reportedly paid Rs 89 lakh as a lease premium for the land to Kinfra. The land and factory are currently owned by one Sreejith, a close aide of Nirmalan and an accused in the deposit fraud. The order issued by the home department also directs Kinfra to remit the lease premium of Rs 89 lakh to Banning of Unregulated Deposit Schemes (Buds) Act, Authority, which initiated recovery proceedings against the accused. The fraud came to light when the authority legally attached the land and factory owned by the accused in the Nirmal Krishna fraud, as the woman submitted proof of ownership of land and factory. As per the Buds Act, the authority has no power to attach a third-party property. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Azioni USA fino a 1€ BG SAXO Scopri di più Undo Buds Authority later revoked the attachments, directing Kinfra to pay the lease premium paid by the accused to reimburse the depositors who lost money in the deposit fraud. "Kinfra leased out the land to Nirmalan when it was already owned by me. Kinfra could not produce the pact when it was sought through an RTI query. Now I am happy that the department directed Kinfra to give my land back," said Umesh. She may need to pay some premium amount to enter into a new pact with Kinfra, it was learned. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
Time of India
3 days ago
- Time of India
Buds Authority seeks collector's help for remitting lease premium paid to Kinfra by Nirmal Krishna scam accused
Thiruvananthapuram: The Buds Authority sent a request to the district collector to direct Kinfra to remit the lease premium of Rs 89 lakh, which was collected from the accused in the Nirmal Krishna deposit fraud for leasing out a 50-cent land for operating a garment factory. Earlier, the authority attached all the properties owned by the accused as part of recovery measures and one of the attached properties was the 50-cent land at Kinfra. However, during the process, the authority found that the land was actually owned by a woman entrepreneur Usha Umesh, 53, and it was fraudulently taken by K Nirmalan, the key accused in the Nirmal Krishna fraud. As per the Banning of Unregulated Deposit Schemes (Buds) Act, the authority has no power to attach a tri-party asset and its powers are limited to attaching the assets directly owned by the accused. Buds Authority revoked recovery measures against the land and requested Kinfra to remit the lease premium paid after deducting the amounts for the years the land was used by the accused. Despite sending several reminders, there was no progress from Kinfra. Following this, Buds Authority sent a letter to the district collector asking to direct Kinfra in this regard. An RTI application was filed by the woman entrepreneur seeking the details of the pact between Kinfra and the accused regarding the land. However, Kinfra claimed they were not in possession of such a document. This raises questions about how the accused possessed the land in Kinfra, which was owned by a woman. The woman alleged that she was evicted from the land by the accused with the help of officials concerned and some trade union workers.
Time of India
13-05-2025
- Time of India
Buds Authority takes steps to recover defrauded funds in land fraud case
Thiruvananthapuram: The competent authority under the Buds Act has initiated measures to recoup Rs 89 lakh, which was paid to Kinfra by the key accused in the Nirmal Krishna deposit fraud to allegedly seize a 50-cent land owned by a woman Umesh, who ran Pooja Garments, owns the land and a 54,000 sq ft building at Kinfra Park. The woman alleged that the accused K Nirmalan seized the firm and land in 2013 through fraudulent per the financial fraud case, more than 13,000 depositors in Thiruvananthapuram and Kanyakumari districts were allegedly cheated out of over Rs 1,000 crores, by Nirmal Krishna Chit Fund used the defrauded money of the depositors to seize the land, the woman alleged. Buds Authority attached the land during the probe into the chit fund fraud . The authority later found that the land and building were not owned by Nirmalan but by the woman. As per rules, Buds Authority has no power to attach a tri-party asset; its powers are limited to attaching the assets directly owned by the accused. After finding that Pooja Garments was owned by the woman, Buds Authority halted attachment proceedings but started taking measures to recoup the Rs 89 lakh paid to Kinfra by the accused. "There were irregularities in the way the factory land was handed over to Nirmalan. We sent a letter to Kinfra demanding the payment of Rs 89 lakh. However, we received a vague reply," said a Buds Authority tried to enter the factory a few days ago but was stopped by the accused and his associates. In response, Usha approached the district collector, and the collector directed the police to ensure protection. However, she alleged that the police failed to provide any protection to her and she was evicted when she tried to enter.
Time of India
08-05-2025
- Business
- Time of India
Kinfra clarifies delay in RTI response on land purchase
Thiruvananthapuram: Kerala Industrial Infrastructure Development Corporation (Kinfra) clarified that they have not denied any RTI request submitted by Nirmal Krishna Nidhi Nikshepa Samarakshana Samithi . Kinfra authorities stated that the Samithi has posed 26 queries, which require detailed information gathering from multiple departments, thus causing the clarification was issued following the allegations raised by the Samithi that details sought on the land purchased in Kinfra by the key accused in the Nirmal Krishna deposit fraud were denied by Kinfra authorities claimed that "the RTI petition from the Samithi dated March 17 was received at the Kinfra head office on April 19. As per the RTI Act, the prescribed time limit for responding to an RTI application is 30 days from the date of receipt. Accordingly, the final reply to the said petition is scheduled to be sent on May 18."The information needs to be collected from the legal department, allotment department and Kinfra International Apparel Park. The process of gathering the necessary information is currently underway, the authorities said."We would like to emphasise that Kinfra has not denied the RTI request submitted by the Samithi members and the process to reply to the same is in progress. Kinfra has not violated any provisions of the RTI Act," said a statement issued by Kinfra.
Time of India
07-05-2025
- Time of India
Kinfra denies RTI request on land bought by Nirmal Krishna deposit fraud accused
Thiruvananthapuram: Nirmal Krishna Nikshepa Samrakshaka Samithi has alleged that Kerala State Industrial Infrastructure Development Corporation ( Kinfra ) authorities have denied them details on the land purchased by the key accused in the Nirmal Krishna deposit fraud .The samithi members claimed that they sought the details through RTI, but the applicant received a call from an official from Kinfra stating that a lack of sufficient documents prevented them from sharing the information Kinfra CEO Jeeva Anandan claimed ignorance about the application, which TOI possesses. "They might have filed it at the head office. I will check about the delay to comment on it," said samithi alleged that K Nirmalan, the key accused in the deposit fraud, acquired 50 cents of Kinfra land by defrauding a woman entrepreneur. The accused allegedly paid Rs 73 lakh for the land to Kinfra which was already in the woman's alleged that Kinfra land was bought by Kanyakumari Exports Pvt Ltd, owned by the accused, by flouting all norms. In the RTI, the samithi sought details on the agreement between Kinfra and Kanyakumari Exports, including who signed the on Wednesday, the woman entrepreneur Usha Umesh tried to occupy the land. This led to a conflict between the accused and the woman. The woman alleged that even though the district collector has directed the city police commissioner to provide necessary police protection to her, the police were not even willing to reach the spot due to the political influence of the accused.
