Pune: The Pune police have lodged a case of cheating against prominent real estate developer and Bharatiya Janata Party (BJP) MP Sanjay Kakade in a matter pertaining to rehabilitation of villagers in Maval taluk.An FIR under Sections 406 (punishment for criminal breach of trust), 420 (cheating), 465 (forgery), 467 (forgery of valuable security, will) and 468 (forgery for purpose of cheating) of the Indian Penal Code was lodged against Mr. Kakade, his brother Suryakant Kakade and others at the Warje-Malwadi police station Saturday night. Last week, Judicial Magistrate First Class P.T. Gotey had directed that a case be lodged against the Rajya Sabha MP.The Maharashtra government, in the 1960s, had acquired land from villagers of New Kopre for construction of the National Defence Academy. Families displaced by the project were promised rehabilitation on a 14-acre plot in Warje-Malwadi through a building project led by the Kakade Group.However, villagers have accused Mr. Kakade of grabbing the plots, forging 7/12 extracts, and using the land for commercial purposes.‘A conspiracy’Mr. Kakade said the allegations were “a conspiracy” against him, denying any wrongdoing in the New Kopre rehabilitation works.Kakade Infrastructure Pvt. Ltd is also one of the accused in alleged irregularities in the tender for Sion-Panvel highway. In June, officials from the anti-corruption bureau (ACB), Thane, carried out searches at Mr. Kakade’s office in Pune. He is also an accused in the Maharashtra Sadan scam involving Nationalist Congress Party (NCP) leader Chhagan Bhujbal. Mr. Kakade is accused of abetting Mr. Bhujbal to launder money.Vital role in pollsThe MP was earlier in the NCP, before being elected as an independent candidate to the Upper House and later joining the BJP. He is believed to have played a vital role in ensuring the BJP’s victory in the Pune civic polls. However, he has alienated himself from BJP loyalists like Girish Bapat and Pune Mayor Mukta Tilak.
New Delhi: Gold medallist in 2019 India Open Neeraj (57kg) on Friday stunned 2016 world champion Alessia Mesiano to enter the final of the Magomed Salam Umakhanov Memorial International boxing tournament in Kaspiysk, Russia. Strandja Memorial bronze medallist Neeraj and Alessia had the crowd on their feet with their exceptional display of attacking boxing. Both the boxers refused to back down but Neeraj landed a series of clear punches in the final round to edge past the Italian boxer 3-2 to secure his berth in the final. Also Read – Puducherry on top after 8-wkt win over ChandigarhIn another highly entertaining bout, 2019 India Open bronze medallist Gaurav played patiently in the beginning against his Russian opponent Maksim Chernyshev. In the last round, Gaurav increased the tempo as he landed a flurry of punches to earn a 3-2 split verdict in his favour. Govind Sahani, silver medallist in GeeBee Boxing earlier in the year, was up against Tajikistan’s Shermukhammad Rustamov in his quarterfinal bout. Govind dominated the proceedings from the word go and showed great display of attacking prowess. He carried on with the onslaught throughout the match and the referee had to stop the contest in the third round. The young pugilist’s attacking acumen was appreciated by all as he earned the first RSC win of the tournament. Also Read – Vijender’s next fight on Nov 22, opponent to be announced laterHowever, Ashish Insha (52kg) couldn’t make it to the semifinals as he lost his bout against Russia’s Islamitdin Alisoltanov 1-4. The match was in the balance till the last round before Ashish conceded a few clear punches in the last minute which led to his defeat. 2018 India Open gold medallist Sanjeet had to forego his bout against Russia’s Daniel Lutai after suffering a cut on his forehead in the first round of the match. In all, India are assured of 6 medals as 4 women and 2 men have reached the semi-finals. The 21st edition of the tournament is seeing the participation of 220 boxers from 21 countries. The event will give the Indian boxers a good opportunity to hone their skills and test themselves as they approach the World Championships later in the year.
Last updated on June 24th, 2019 at 04:08 pmSerial entrepreneur Dan Voell has launched a new Milwaukee-based venture capital fund called Forward Capital Fund.Dan VoellVoell is working to raise $10 million to invest in startups in Wisconsin. Forward Capital is part of the Badger Fund of Funds initiative.Voell, 40, co-founded a precision grinding company in Port Washington, which manufactures implantable medical device components. He helped grow that firm to a $1 million annual run rate in 22 months. Voell previously was a co-founder of defunct startup GoBuzz out of Milwaukee and president of former startup GameFilm360 in Mission Viejo, California. On the finance side, Voell was previously a business banker at Town and Country Bank in Watertown, managed fixed income products for large corporations such as Google at UBS and worked at Brookfield angel investment firm Golden Angel Network. He holds a bachelor’s in finance, investments and banking from the University of Wisconsin-Madison and an MBA from Marquette University. With his background, Voell said he is uniquely suited to his new role.“There aren’t a ton of investors in town that have gone through the operational side of startups and understand it from the inside,” he said.Forward Capital Fund will make seed investments of around $500,000 in pre-revenue companies. Voell is particularly focused on investing in advanced manufacturing, spinouts, software and other technologies in the Milwaukee, Racine and Kenosha areas.“I think that there is an unmet need between private equity firms focusing on established businesses and venture capital firms focusing on asset-light startups,” Voell said. “There aren’t as many options for startups with an asset or hardware component.”The State of Wisconsin awarded $25 million to Santa Fe, New Mexico-based Sun Mountain Capital and Stoughton-based Kegonsa Capital Partners LLC in 2013 to establish the Badger Fund of Funds, which raised another $10 million from the private sector and agreed to create the six to eight venture capital firms across the state. Voell is the sixth fund manager to start a Badger Fund, and the second in Milwaukee. There is also a seventh and final Badger Fund of Funds manager that has a contingent commitment to launch a growth venture capital fund in Wisconsin. That fund manager has not yet been named.The other fund managers they have selected have so far publicly established the Idea Fund of La Crosse, Winnebago Seed Fund LP in Neenah, Rock River Capital Partners Fund I in Madison, The Winnow Fund for college entrepreneurs in Madison, and Milwaukee-based Bold Coast Capital Fund I L.P. Each fund manager is either raising or has raised its own venture capital fund to invest exclusively in Wisconsin companies, and BFOF matches 40 percent of that total.With six Badger Funds launched, as well as independent venture capital funds such as Dark Knight Capital and corporate venture funds including Wisconn Valley Venture Fund coming online over the last couple of years, Milwaukee has more VC activity than in years past.But Voell said he is not concerned about competition for investor funding.“A rising tide moves all ships. The more participants in the community, the better for startups, and hopefully we can collaborate to move the community,” he said. Get our email updatesBizTimes DailyManufacturing WeeklyNonprofit WeeklyReal Estate WeeklySaturday Top 10Wisconsin Morning Headlines Subscribe