Karnataka | Pipeline and PoP ceiling of this PWD junior engineer’s house filled with currency notes

News Network
November 25, 2021

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Kalaburgi, Nov 25: The sleuths of Anti-Corruption Bureau were in for a shock during a raid at the house of PWD Jewargi subdivision junior engineer Shantagouda Biradar at Gubbi colony here on Wednesday when they found currency notes worth Rs 13 lakh in the denomination of Rs 500 stuffed inside the pipeline.

The officials also found bundles of notes at the PoP ceiling of the hall.  The raid yielded Rs 54,50,000 in cash, 2 houses in Kalaburagi, one plot in Bengaluru, 36 acres of farmland, 3 cars, a school bus, a two-wheeler, Rs 15 lakh worth of household utensils and 100 grams of gold.

A team of ACB sleuths pounced on Shantanagouda’s residence in Kalaburagi at 5.30 am. Biradar, who was staying on the first floor of the building, suspected the ACB raid and refused to open the door for about 20 minutes. 

The officials grew suspicious that the JE could have stashed cash inside the pipe when the latter’s son was seen frequenting near the pipeline and got the pipeline drilled in the afternoon. Much to their shock, bundles of the currency notes started flowing out of the pipe. The JE has stuffed nearly Rs 13 lakh inside the pipe, the sources said.

The officials have information that Shantanagouda might have shifted huge amounts of cash to other locations and an investigation is going on in this direction also. 

A team of ACB sleuths led by North-East zone SP Mahesh Meghannavar raided the farmhouse located on the outskirts of Hangaraga (B) village in Yadrami taluk and the PWD office at Jewargi town. The officials found a gravel crushing machine in the farmhouse.

Shantanagouda did not cooperate with the officials initially and didn’t hand over the locker key of the house. The locker was opened by using a cutter, said ACB sources.

He has been working as a junior engineer in the Jewargi subdivision for 10 years. SP Meghannavar said the ACB officials from Kalaburagi, Bidar and Yadgir inspected three places belonging to Shantanagouda.

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News Network
November 15,2021

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Mangaluru, Nov 15: The police have detained three miscreants attempting to create nuisance near Tajul Ulama Jumma Masjid at Subbaguli in Kurnad near Konaje on the outskirts of Mangaluru.

It was said that the three youths allegedly raised 'Jai Sri Ram' slogans and attempted to damage the mosque on Sunday night.

City Police Commissioner N Shashi Kumar said that the local residents stopped those who tried to create nuisance. 

The Konaje police have detained all three persons. The police are verifying the antecedents to the incident. The investigation is in progress. FIR will be registered at the Konaje police station.

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News Network
November 16,2021

New Delhi, Nov 16: The Prime Minister Narendra Modi –led government of India has extended for five years the ban imposed on the Islamic Research Foundation (IRF), headed by India-born preacher Dr Zakir Naik, currently based in Malaysia.

The Islamic Research Foundation was first declared an unlawful organisation under the Unlawful Activities (Prevention) Act, 1967 (37 of 1967) by the central government on November 17, 2016.

In a notification, the Union Home Ministry said that the Islamic Research Foundation has been indulging in activities which are prejudicial to the security of the country and have the potential of disturbing peace and communal harmony and disrupting the secular fabric of the country.

The central government is of the opinion that the Islamic Research Foundation and its members, particularly, the founder and president, Zakir Abdul Karim Naik alias Zakir Naik, has been encouraging and aiding its followers to promote or attempt to promote, on grounds of religion, disharmony or feelings of enmity, hatred or ill-will between different religious communities and groups which are prejudicial to the integrity and security of the country, it said.

The Home Ministry of India said the statements and speeches made by Naik are objectionable and subversive and through them he has been promoting enmity and hatred among religious groups and inspiring youths of a particular religion in India and abroad to commit terrorist acts.

Dr Naik also makes radical statements and speeches to millions of people worldwide through international satellite TV network, Internet, print and social media, it said.

The central government is further of the opinion that if the unlawful activities of the IRF are not curbed and controlled immediately, it will take the opportunity to continue its subversive activities and re-organise its activists who are still on a run, it said.

The ministry said Dr Naik's activities will disrupt the secular fabric of the country by polluting the minds of the people by creating communal disharmony, propagate anti-national sentiments, escalate secessionism by supporting militancy and some people may undertake activities which are prejudicial to the sovereignty, integrity and security of the country.

The notification said that the central government is also of the opinion that with regard to the activities of the Islamic Research Foundation, it is necessary to declare it an unlawful association with immediate effect.

Considering all these aspects, the Home Ministry said, it has decided to extended the ban imposed on the Islamic Research Foundation under the UAPA for another five years.

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News Network
November 24,2021

New Delhi, Nov 24: Former RBI Governor Raghuram Rajan on Wednesday said of the 6,000-odd cryptocurrencies in existence today, only one or two, or at most, only a handful would survive.

In an interview with CNBC-TV18, the former RBI governor said, “If things have value only because they because they will be pricier down the line, that’s a bubble.” 

“A lot of cryptos have value only because there is a greater fool out there willing to buy.” He compared the current mania in cryptocurrencies to the tulip mania in the Netherlands in the 17th century.

“Cryptos may pose the same problem as unregulated chit funds which take money from people and go bust, a lot of people holding crypto assets are going to be aggrieved,” he said.

According to Rajan, it was not as if cryptocurrencies had no value at all, just that most of them did not have permanent value. Also, some of them would survive to provide payments, especially cross border payments.

Rajan was not alone in voicing concerns over cryptocurrency dealings in India. RBI Governor Shaktikanta Das recently has also issued warnings on cryptocurrency trading. Das in his address has opined for a strong and formal framework to regulate cryptocurrency dealings in India.  

The Centre is all set to introduce a Bill to regulate cryptocurrencies during the winter season of Parliament. A comprehensive Bill on the digital currencies is likely to be tabled for the Cabinet approval.  

Rajan also said, “In the US, crypto is a $2.5 trillion problem that nobody really wants to regulate,” adding that the problem was partly due to regulators not fully understanding this space and how to regulate it. What governments can insist on is getting information from crypto entities, when crypto entities get too big, government can examine them more closely to ensure there isn’t fraud. This is a situation where at best you can send warnings to the broader public,” he added. 

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