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Another multi-crore fraud case has come to light in Belgaum, with allegations of misuse of around ₹165 crore. A case has been registered against the public for allegedly defrauding crores of rupees in the name of investment, and the investigation has intensified. This development has raised concerns among investors.
Police have arrested Belgaum businessman Shivanand Neelanna on charges of illegally collecting deposits from the public without following RBI rules. The investigation into the case is ongoing, raising concerns among investors.
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