Bengaluru cops can’t find builder accused of cheating, but ED does; raids three locations linked to Aryan Hometec in ₹90-crore fraud case

The HinduIndependentProgressiveNov 5

The Enforcement Directorate (ED) conducted searches at three locations associated with Aryan Hometec Private Limited regarding an alleged 90-crore rupee fraud and money laundering scheme. The operation targeted the company's directors, Bharath Reddy and Rashmi Bharath Reddy, resulting in the seizure of incriminating documents. The ED stated that while local police had previously marked the accused as untraceable in 'C' reports, its investigators successfully located them. The case stems from a joint development agreement where the developers allegedly failed to deliver promised apartments to landowner B.G. Anjinappa and improperly made him a guarantor for institutional loans. Consequently, the landowner was compelled to repay significant loan amounts to retain his property. Authorities allege that approximately 90 crores rupees collected from homebuyers and investors were diverted to family members and related entities.

Bias read (Progressive): The headline explicitly contrasts police failure with ED success, framing the central government agency as effective against local incompetence, a narrative often aligned with center-left support for strong federal enforcement.

Deccan HeraldIndependentCenterNov 2

A suspected fraud scheme has been reported in Bengaluru involving individuals who approach passengers after a failed digital payment for a bike taxi ride. Perpetrators allegedly claim their bank servers are down to prevent immediate settlement of the fare. They then exploit this technical excuse to engage victims in further interactions, potentially leading to additional financial losses or data theft. The incident highlights vulnerabilities in cashless transaction systems used by two-wheeler transport services in the city. Local authorities have likely issued warnings regarding such social engineering tactics targeting commuters.

Bias read (Center): The article reports on a specific criminal incident using neutral, descriptive language without attributing political motives or engaging in partisan commentary.