Rakesh Shetty has been shunted out of Power Tv Kannada news channel for cheating the management. Rakesh Shetty posing as CA, ( which is not true) who was auditing big companies in Mumbai and UAE in past, convinced the management as restructuring expert and took incharge of Power Tv.
There after posing as MD of Power Tv he started extortion business with making news of some scam stories.
With his photos along with Top National leaders he started cheating people with assurances of central government contracts and Income tax clearance. With his photos along with some UAE sheikhs he started fooling people here with big FDI’s for their projects.
When the management come to know about this they fired him immediately. He also cheated the owner of Power Tv with some big project offers and FDI’s.
Now it has come to know that he was in to such scams before too and has been put behind bars several times with cases against him running at several places like Hubli and Bangalore.
Recently too he had cheated many in Mysore and Bangalore.
He has set up a shell company in UAE and LONDON. It looks like he is trying to leave the country and run away with all these fraudulent money he has made.