People cautioned against depositing money with Belagavi-based Shivam Associates

Yadgir Superintendent of Police Pruthvik Shankar has issued the warning.

| Photo Credit: SPECIAL ARRANGEMENT

Yadgir Superintendent of Police Pruthvik Shankar warned people not to invest money with Belagavi-based Shivam Associates (an online company).Mr. Shankar said that a case has been registered against the company on the charge of alleged fraudulent transactions with public money.People from Belagavi, Kalaburagi, Yadgir, Koppal, Bidar and Ballari districts have deposited over a lakh of rupees each in the company, which has been paying 3% interest on the funds. After filing of the case, all financial transactions of the company were withheld pending an enquiry, he said.If any person is cheated by the company, they can contact the CEN police station in Yadgir at this number, 9480803664, for assistance. Published - May 29, 2026 09:49 am IST