High Court refuses to quash FIR against note-swap suspect

DHNS
June 29, 2017

Bengaluru, Jun 29: The High Court of Karnataka on Wednesday dismissed a petition filed by K C Veerendra, a casino owner and hawala trader, accused in the currency exchange racket.

noteswap

Justice K N Phaneendra, pronouncing the judgement from Dharwad bench, refused to quash the FIR filed against Veerendra.

The judge, in the order, said that there is some semblance of truth in the allegation which broadly makes out the case for investigation. Such investigation should not be stifled by quashing an FIR, the judge said. The allegation against the petitioner is that he colluded with bank officials to siphon off new currency in exchange for demonetised ones.

Unless the investigation is completed, the court would not be able to ascertain the exact offence of the petitioner, the court said. The judge said that there is no strong reason for the court to quash the FIR filed against the petitioner.

During an I-T raid in December 2016, authorities found Rs 5.76 crore in new notes in a concealed locker in Veerendra’s bathroom in his residence in Challakere in Chitradurga district. He had approached the hight court for bail contending that he had men to stand in the queue in the bank for exchange of currency. He contended that he is answerable to the I-T department and CBI has nothing to do with the currency found in his house. He is out on conditional bail.

The CBI, in its statement of objection, said that it is not practicable to exchange old currency of Rs 500 and Rs 1,000 for a total value of Rs 5.76 in a small town like Challakere without the connivance of bank officials. CBI said that interrogation of the petitioner was necessary to unearth the deep-rooted conspiracy in the matter.

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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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