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: The Mangaluru CEN police have arrested a 23-year-old man for allegedly posting provocative and misleading content on an Instagram page named “mr_a_titude”, targeting the Bajpe police.

Mangaluru Commissioner of Police Sudheer Kumar Reddy C H identified the arrested as Abhishek M, a resident of Katipalla in Mangaluru.

A case has been registered at the Bajpe Police Station under Sections 353(1)(c), 353(2), 56, and 57 read with Section 189 of the Bharatiya Nyaya Sanhita (BNS) in connection with the post.

According to police, the accused uploaded a photograph of a hotel on the Instagram page and alleged that accused persons in a murder case under the Bajpe police jurisdiction were being given “royal treatment” by the police, including being served beef meals daily from the hotel.

The post further accused the police of supporting criminals, misusing their authority, and betraying public trust. Police said the content was provocative in nature and aimed at inciting public outrage against the police.

Following the post, a case was registered at the Bajpe police station, and further investigation was transferred to the CEN police station.

Police records indicate that the accused has a criminal history, with multiple cases registered against him, including murder, attempt to murder, assault, and robbery at the Surathkal Police Station, and one case at the Kaup Police Station.

The Commissioner said the accused was traced and arrested using technical evidence.

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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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