Latest news with #PoojaGarments
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
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
22-04-2025
- Business
- Time of India
Woman claims ownership of land and factory at Kinfra to be attached in Nirmal Krishna fraud case
Thiruvananthapuram: A 53-year-old woman has alleged that the main accused in the Nirmal Krishna Chit Fund scam has seized her 50 cents of land and a garment manufacturing factory at Kinfra International Apparel Park through fraudulent methods. The complainant Usha Umesh , owner of Pooja Garments, has now filed an impleading petition before the high court to add her as a party in the hearing on the petition filed by the accused to quash recovery proceedings initiated by the Buds Authority against the land and building at Kinfra. The accused K Nirmalan had approached the high court seeking a stay against the Buds Authority's move to attach the land and 54,000 sq ft building. However, the woman claimed that she was the actual owner. The court will consider her plea on May 10. The woman has also submitted a plea in this regard to the Buds Authority. "Nirmalan made his wife a business promotion partner in my firm in 2010 after promising me to help expand my business. However, there was no progress as promised and in 2013 Nirmalan removed her from the post and took charge. Nirmalan then registered the land in his name by bribing Kinfra officials. He also bribed some trade union workers in my firm and turned them against me. He then ousted me through threats and blackmail and took full charge of the firm," said Usha. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologist: Watch out for this Household Item Blissy Learn More Undo The land was allotted to her for 90 years by Kinfra, Usha said. "It was at this time that Nirmalan landed in legal issues on the complaints of the people who deposited money at the chit funds. Buds Authority attached his assets, and they included my firm and land as well. I want my land and firm back," added Usha. Over 13,000 depositors in Thiruvananthapuram and Kanyakumari districts were allegedly defrauded of over Rs 1,000 crore by the accused. The state govt has recommended a CBI probe into the fraud.
