MLM / Chain Money
Man with golden shirt, Datta Phuge pounded to death
Millionaire money-lender, Datta D Phuge, famous as 'Pimpri Goldman' was found clobbered to death near Dighi here on early Friday morning, police said.
 
The high-profile businessman's vehicle was accosted by some unknown persons on the outskirts of the city late on Thursday night.
 
They reportedly dragged him out, attacked him with a sickle and then pounded him to death with huge stones before fleeing from the spot.
 
Phuge usually moved around with armed private bodyguards, but it is not clear where they were at the time of the incident.
 
Officials later came across a much-mangled head and body of the 35-year old 'gold man', whose wife is Seema is an ex-municipal corporator.
 
The motive behind the killing is not known, but police preliminary suspect it may be linked to some business rivalries and are investigating all angles.
 
The police have recovered the sickle used in the crime and have sent Phuge's body for an autopsy.
 
In late 2012, Phuge shot into global limelight after he stitched an opulent Rs 10 million (Rs one crore) 22-carat pure gold shirt which came decorated with six glittering Swarovski crystal buttons and an accompanying flashy gold belt in a matching design.
 
Besides his primary business of lending money, he ran the Vakratund Chit Fund Pvt. Ltd. along with his wife and there were complaints of financial misappropriation against him in recent times.
 
The Pune Police have launched a manhunt to nab the assailants, roadblocks erected at all exit points and within the city limits as well as district boundaries.
 
At that time (2012), his shirt was billed as 'most expensive' in the world, weighing around 3.5 kg pure gold and 'stitched' by the famous Ranka Jewellers of Pune.
 
The "golden shirt' has over 14,000 gold flowers intertwined with 100,000-plus spangles sewn on a base of fine velvet, is described as easy and comfortable to wear like any normal clothes.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Mahesh Aladi

10 months ago

gariboke paise dakarenge to halat asihi hogi datta phuge jaisi eow pe hame bharosa hai jo bhi compnay ho unki property bechake logoka paise jald se jald degi

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Black money: SIT for ban on cash transactions over Rs3 lakh
In order to tackle black money, the Special Investigation Team (SIT) has recommended a total ban on cash transactions above Rs300,000 and an act be framed to declare such transactions as illegal and punishable under law, an official statement said here on Thursday.
 
The fifth SIT report has been submitted before the Supreme Court by the SIT.
 
“The SIT has felt that large amount of unaccounted wealth is stored and used in form of cash. Having considered the provisions which exist in this regard in various countries and also having considered various reports and observations of courts regarding cash transactions the SIT felt that there is a need to put an upper limit to cash transactions,” the statement said.
 
Regarding cash holding it said: “SIT has suggested an upper limit of Rs15 lakh on cash holding.”
 
Further, it said in case any person or industry requires holding more cash, “it may obtain necessary permission from the Commissioner of Income tax of the area.”
 
It has also invited suggestions from the public on the recommendations.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

 

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COMMENTS

MAHENDRA ISLANIYA

10 months ago

Respected SIT member there are lakhs & crores rupees transaction done by Construction industry -Home builders,Where parallel Cash Economy is still exist & this is the reason Cash generation utmost important to build up by Public of this large Nation,What solution do you have to curb this Practice? Target root cause of Black Money Hoarders -operator -Builders ,than device a system of 3 lakh & 5 lakh Cash limit based on funny idea?

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