ED?arrests 7 more in cash exchange racket

December 9, 2016

Bengaluru, Dec 9: The Enforcement Directorate (ED) has arrested eight people in connection with the recent seizure of a huge stack of Rs 2,000 notes from two senior engineers.

arrests
Those arrested are G Prashanth, brother-in-law of S C Jayachandra, Chief Project Officer of State Highway Development Project. Jayachandra was arrested by the ED officials on December 5. Based on his information, officials arrested seven others involved in exchange of demonetised currency with the new Rs 2,000 and Rs 500 notes.

Sources said Prashanth was instrumental in supplying of new currency. ED officials recovered Rs 91.94 lakh with Rs 2,000 currency from the possession of Jayachandra. “The accused had organised a systematic network for supplying new notes in exchange of demonetised currency to various persons. The exchange was being done for 20-35% commission. The other accused had supplied new notes on earlier occasions to Jayachandra through Prashanth,” an official said.

According to ED officials, the accused used various methods to exchange the banned notes. Several bank account holders used to withdraw Rs 24,000 in new notes, a limit fixed by the Reserve Bank of India (RBI). The accused used to get the exchange done through middlemen. The process would continue using such account holders, the official said.

The other method was through micro-finance institutions. The collection agents of such financial institutions would collect new notes from self-help groups but deposited only old notes in the bank accounts, since they enjoyed RBI exemption. The current account withdrawal limit of Rs 50,000 was also misused to swap demonetised currency.

Cashier arrested

The CBI on Thursday arrested Parashiva Murthy, head cashier of SBM, Kollegal branch, for allowing exchange of demonetised currency in violation of the RBI rules.

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News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

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News Network
December 20,2025

Mangaluru, Dec 20: The Mangaluru City Police have issued a detailed traffic advisory ahead of the inaugural ceremony of Karavali Utsava, which will be held at the Karavali Utsava Ground on Saturday.

The festival will be inaugurated at 6:00 pm by Dakshina Kannada District Minister Dinesh Gundu Rao. Cultural and public programmes will be held at the venue every evening and will continue until January 2.

According to City Police Commissioner Sudheer Kumar Reddy, parking of vehicles is strictly prohibited on both sides of the road from Lalbagh to Karavali Utsava Ground. Visitors are requested to park their vehicles only at designated parking areas.

To help the public, traffic signboards and parking guidance flex boards have been installed along the routes leading to the venue. The police have urged commuters and visitors to follow these instructions to ensure smooth traffic movement.

Designated Parking Locations

•    Urwa Market Ground – Cars
•    Gandhinagar Government School (near Press Club) – Two-wheelers and cars
•    Ladyhill Church parking area – Two-wheelers and cars
•    Canara School Ground, Mannagudda – Two-wheelers and cars
•    Thimmappa Hotel premises – Two-wheelers and cars
•    Scout and Guide Bhavana premises (behind Karavali Utsava Grounds) – Two-wheelers
•    Urwa Market Road – Two-wheelers
•    Hat Hill Road – Two-wheelers

The police have appealed to the public to cooperate by following traffic rules and parking guidelines to avoid inconvenience during the festival.

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News Network
December 19,2025

Mangaluru: Public transport in Mangaluru is set for a state-led transformation as the government moves to deploy 100 new electric govt buses to replace unreliable private services. The initiative aims to provide a dependable alternative to private operators who have been frequently "cutting trips," leaving thousands of commuters stranded.

The announcement was made by Deputy Commissioner and MCC Administrator Darshan HV during a public phone-in session. The move specifically targets routes where private bus service has become erratic, ensuring that citizens no longer have to rely on a fluctuating private sector for their daily commute.

Restoring the Govt Presence

The transport crisis was brought to the forefront by Ramayya, a resident of Bajal, who highlighted a growing trend of private buses skipping morning and night trips. With the previous KSRTC (govt) services discontinued, residents have been left without a fallback option.

To fix this, the DC confirmed that the PM-eBus Sewa Scheme will bring 100 government-owned electric buses to the city:

•    Phased Deployment: The first 50 of the new 100 government buses are scheduled to arrive by March 2026.

•    State Infrastructure: Two new government depots, including one at Mudipu, are being prepared for operations.

•    Recruitment: The state has already begun training a new batch of government bus drivers to ensure the fleet is operational the moment it arrives.

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