Karnataka Bank reports Rs 34 crore fraud against IL&FS Transportation

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February 19, 2021

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Mangaluru, Feb 19: Karnataka Bank has reported to the Reserve Bank of India a fraud in its credit facilities extended to IL&FS Transportation Networks Ltd with an outstanding balance of Rs 34.16 crore.

"The above entity had availed credit facilities from us during 2016 under multiple banking arrangements wherein our bank was one of the member banks and during 2018, the borrowing account was classified as a non-performing asset and has been fully provided for."

"As such, there is no impact on financials of the bank going forward," said the private sector lender in a statement issued on Friday.

IL&FS, a major infrastructure financing and construction company, collapsed in late 2018 after a series of defaults that triggered fear of contagion in India's financial sector and forced the government to take control and overhaul its board.

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coastaldigest.com news network
April 9,2021

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Mangaluru, Apr 9: The officers of Mangaluru air customs apprehended a man and seized 647 grams of gold that was being smuggled into the country, at Mangalore International Airport.

The surveillance team led by Deputy Commissioner of Customs Avinash Kiran Rongali had profiled and intercepted a passenger named Ibrahim Panalam Abdullah hailing from Alampady in Kasargod on his arrival from Dubai.

The passenger had arrived in the Spicejet flight SG 146 from Dubai. He tried to smuggle the gold by concealing it in his innerwear. The value of the seized gold is Rs 30.73 lakh. Further investigation is in progress.

A Crucial role of surveillance and interception was carried out by Superintendents Sateesh and Shrikanth in the team.

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coastaldigest.com news network
April 4,2021

Mangaluru, Apr 4: Customs officials of Mangaluru International Airport intercepted a passenger from Dubai and confiscated gold worth Rs 37 lakhs on Sunday.

Officials said the passenger Noushad Thrikkulath, a native of Kasargod arrived from Dubai in the wee hours today and attempting to smuggle gold by concealing it inside his body through the rectum.

The gold weighing 802 grams worth Rs 37.29 lakh has been seized and investigation is on.

The operation was by Avinash Kiran Royal Deputy Commissioner crucial role of surveillance and interception.

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coastaldigest.com news network
April 12,2021

Koppal/Bengaluru, Apr 12: Leader of the opposition in Karnataka Legislative Assembly Siddaramaiah today said that the lockdown hinted by Chief Minister B S Yediyurappa is not a solution to control the virus.

Speaking to newspersons here, he alleged that it was due to negligence of the government, the covid-19 is surging.

Stating that the Lockdown is not a solution, he alleged that there is no proper testing of the people arriving from Maharashtra and Kerala. At least now the government should come forward to take strict measures to control the second wave of covid-19, otherwise it will be very difficult to control it in the coming days.

Earlier today Chief Minister B S Yediyurappa said the state government could impose lockdown if the necessity arises.

"People need to respond for their own good. If they don't heed then we may have to take stringent measures. If required and if necessity arises, we will impose lockdown," Yediyurappa told reporters in Bidar.

Reacting to queries on the growing coronavirus cases in the state, which saw the numbers breaching 10,000 on Sunday, he said the Prime Minister had also spoken to him about the measures taken by his government.

"(I told him) we have imposed night curfew in the districts where the coronavirus cases are rising," Yediyurappa said.

He insisted that people should wear face masks, use hand sanitisers and maintain social distancing.

"People need to respond for their own good. If they don't cooperate then we will initiate stringent measures, which people should not give scope for. I want people to cooperate with us," Yediyurappa said.

To a question, if the Technical Advisory Committee had recommended a lockdown, Yediyurappa reiterated that people have to understand and cooperate.

Meanwhile, in Bengaluru, Health Minister Dr K Sudhakar told reporters that the government was not inclined to a lockdown and wanted people to cooperate.

"Neither I nor the Chief Minister is saying that we will do it (lockdown). All we are saying is don't compel us to push to that extreme. Our government is not at all willing to impose lockdown," he clarified.

He also said that if people cooperate the second wave of coronavirus can be defeated.

The talk of lockdown came following reports that the Technical Advisory Committee has recommended lockdown for a brief period to contain the coronavirus.

Sudhakar had on Sunday said that the cases may touch around 25,000 to 30,000 by the month-end.

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