ED?notice to Apex Bank on cash deposits in coops

December 21, 2016

Bengaluru, Dec 21: Enforcement Directorate (ED) has issued notice to the Karnataka Co-operative Apex Bank Ltd to furnish details about certain accounts in district credit cooperative (DCC) banks in the state.

ED
The ED notice is part of nation-wide investigation launched to check cash deposits exceeding Rs 25 lakh in cooperative banks. The notice was issued to managing director of the Apex Bank to provide statements for the period, October 1, 2016 to December 19, 2016.

“ED has taken up detailed verification of instances of cash deposits made into the accounts in various DCC banks across the country. In this connection, you are hereby requested to furnish the certified copies of statements of accounts of various DCC banks across the state wherein cash deposits exceeding Rs 25 lakh have been reported. The list of names of the banks and the particulars of depositors are provided in the list,” states the notice, a copy of which is with the DH.

Sources said that the ED has sought for statements of select account holders in six districts: Bagalkot, Mandya, Belagavi, Shivamogga, Kolar and Dakshina Kannada. The ED has also mentioned the account numbers and cash deposited into such accounts since October 2016, and sudden rise in the deposits after demonetisation on November 8.

“The ED officials seem to have conducted preliminary enquiry into the huge cash deposits before issuing the notice. The notice has all the details such as name of the account holder, account number and the amount deposited during the check period. We have written to these banks, which include certain Sauhardha banks and societies. Based on the list provided by the ED, two to three branches of DCC banks in each district have been asked to furnish details. The details will be forwarded to the ED within two days,'' Apex Bank President and MLA?K N Rajanna said.

Earlier, the Income Tax department had issued notices to cooperative banks in the state to adhere to the notification on cash deposits in view of demonetisation. Even before the demonetisation, the Directorate of Income Tax (Intelligence and Criminal Investigation wing) had found thousands of unreported entries of huge cash deposits in cooperative banks.

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News Network
December 15,2025

Mangaluru, Dec 15: Educational institutions in Mangaluru that rely on the popular Mangala Stadium for their annual sports events are bracing for an inconvenience as the city's key sporting venue is set to close its gates for a significant upgrade. The stadium is expected to be unavailable for approximately two months starting from January 15, 2026.

The closure is necessitated by a proposed overhaul of the stadium's facilities, with a special focus on upgrading the synthetic track. Pradeep Dsouza, Assistant Director of the District of Youth Empowerment and Sports (DYES), Dakshina Kannada, confirmed the development.

"Experts have visited the stadium, conducted a thorough inspection, and have given the go-ahead for a complete makeover," Dsouza stated. "Funds have been allocated for the project, and we are currently awaiting the final green signal from state officials to commence the work. We anticipate that the work will likely begin in the second week of January. Consequently, we have stopped renting out the stadium to colleges and other organizations in preparation for the upgrade."

The timing presents a logistical challenge for colleges, as many schools have already concluded their sports meets.

"Colleges will now be organizing their events and will need to find alternative locations to host their sports meets," Dsouza added. He suggested a few potential venues, including the Dakshina Kannada police ground, University College grounds, Panambur grounds, Swaraj Maidan in Moodbidri, and the Mangalore University sports grounds in Konaje.

However, many institutions note that finding a comparable venue will be difficult. While the DK police ground and University College grounds are closer to the city center, they do not possess the extensive facilities and infrastructure offered by Mangala Stadium.

Dr. P Dayananda Pai - P Satisha Govt First Grade College, Carstreet, is one such institution dependent on the stadium. Principal Jayakar Bhandary expressed hope for a swift completion of the work. "We expect the work to be completed at the earliest. If not, we will be forced to look for other venues to host the sports day for our students," Bhandary said, highlighting the pressing need for the city's main sporting facility.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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News Network
December 19,2025

Mangaluru: In a decisive move to tackle the city’s deteriorating sanitation infrastructure, the Mangaluru City Corporation (MCC) has announced a massive ₹1,200 crore action plan to overhaul its underground drainage (UGD) network.

The initiative, spearheaded by Deputy Commissioner and MCC Administrator Darshan HV, aims to bridge "missing links" in the current system that have left residents grappling with overflowing sewage and environmental hazards.

The Breaking Point

The announcement follows a high-intensity phone-in session on Thursday, where the DC was flooded with grievances from frustrated citizens. Residents, including Savithri from Yekkur, described a harrowing reality: raw sewage from apartments leaking into stormwater drains, creating a "permanent stink" and turning residential zones into mosquito breeding grounds.

"We are facing immense difficulties due to the stench and the health risks. Local officials have remained silent until now," one resident reported during the session.

The Strategy: A Six-Year Vision

DC Darshan HV confirmed that the proposed plan is not a temporary patch but a comprehensive six-year roadmap designed to accommodate Mangaluru’s projected population growth. Key highlights of the plan include:

•    Infrastructure Expansion: Laying additional pipelines to connect older neighborhoods to the main grid.

•    STP Crackdown: Stricter enforcement of Sewage Treatment Plant (STP) regulations. While new apartments are required to have functional STPs, many older buildings lack them entirely, and several newer units are reportedly non-functional.

•    Budgetary Push: The plan has already been discussed with the district in-charge minister and the Secretary of the Urban Development Department. It is slated for formal presentation in the upcoming state budget.

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