Note exchange:?CBI?arrests RBI?official

December 14, 2016

Bengaluru, Dec 14: The Central Bureau of Investigation (CBI) has arrested K Michael, a senior special assistant in the Issue Department of Reserve Bank of India (RBI), for helping one of his friends convert up to Rs 6 lakh worth of demonetised notes into new currency.

rbi
The exchange of demonetised notes was done at State Bank of Mysore's (SBM) Kollegal branch in Chamarajanagar district. The CBI had registered an FIR against Parashiva Murthy, head cashier of the bank, and others for allowing exchange of demonetised notes in violation of RBI rules.

An official said SBM's Kollegal branch has a currency chest and it supplies notes to nearby branches. On November 8, Michael had been to Kollegal to refill currency when the demonetisation was announced at night. Michael, the CBI officials said, helped one of his friends to exchange demonetised notes for Rs 100 bills at the bank without following the documentation stipulated.

The CBI earlier had arrested Parashiva Murthy and a private person for helping many individuals exchange demonetised notes.

Murthy is the custodian of the currency chest at Kollegal branch and had entered into a conspiracy with a few other bank officials to exchange the demonetised notes.

Murthy had disbursed Rs 1.51 crore worth of new notes between November 11 and 13 without obtaining application for exchange with proof of ID or approval of the branch head. The accused had allowed the exchange of old notes with Rs 100 bills to some select individuals in violation of the rules and without the approval of the branch head.

The demonetised notes received thereafter were deposited into the currency chest of the branch along with the other old cash disguising it as genuinely exchanged currency.

RBI clarification

RBI deputy governor S S Mundra clarified that it was a junior functionary who was recorded to be present at a bank branch where some suspected transaction was happening. “We have instituted an investigation and due action would be taken once the details are ascertained. The RBI is coordinating and collaborating with various investigative agencies whenever they flag details of the suspicious transactions,'' he said.

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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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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 15,2025

Udupi, Dec 15: What was meant to be a post-pilgrimage gathering turned tragic in Padukere village of Brahmavar taluk, Udupi district, late Sunday night, when a clash among youths escalated into a fatal assault, leaving one man dead.

The victim has been identified as 30-year-old Santosh Mogaveera, a resident of Padukere.

According to preliminary information, the incident took place during a late-night drinking party involving a group of local youths who had recently returned after completing their pilgrimage to the Sabarimala shrine. An argument reportedly broke out among the group and soon escalated into a violent confrontation.

During the ensuing brawl, Santosh Mogaveera was allegedly assaulted and collapsed at the spot after sustaining serious injuries. He was rushed by local residents to a private hospital in Brahmavar, where doctors declared him dead.

On receiving information, senior police officials, including Brahmavar Circle Inspector Gopikrishna, Kota Police Sub-Inspector Praveen Kumar T, Station ASI Manthesh Jabagoudar, and head constables Pradeep and Ashok, visited the spot and conducted an inspection.

Police have taken four youths into custody in connection with the incident. A case has been registered at the Kota police station, and further investigation is underway to ascertain the exact sequence of events leading to the death.

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