Fake currency notes of Rs 2K, Rs 500 worth Rs 7.10 crore seized

News Network
April 19, 2018

Belagavi, Apr 19: The police have busted a massive counterfeit currency racket in Karnataka’s Belagavi. They arrested one person on Wednesday and seized fake currency notes adding up to Rs 7.10 crore face value, stocked for distribution among voters on the eve of the polling day.

Acting on the credible information received, police raided an abandoned Public Works Department (PWD) quarters building in Visvesvaraya Nagar in APMC police station jurisdiction.

They arrested one man identified as Ajitkumar Nidoni, a resident of Sadashiva Nagar in Belagavi. The police also raided an abandoned house. The fake cash was kept in the cupboard and was meticulously packed.

The police seized Rs 5.84 crore fake currency notes of Rs 2000 face value and Rs 1.26 crore fake currency of Rs 500 notes face value all adding up to a total of Rs 7.10 crore in fake money.

Police sources said the persons behind the racket had stocked the counterfeit currency with the intent to distribute it to voters on the eve of the polling day.

Police have booked a case of cheating, bribing the voters. This is the first instance wherein attempts have been made to distribute fake currency notes to lure voters.

The police investigations are yet to reveal where these currency notes were printed, how they were transported and they were meant to favour which candidate. APMC police are investigating the case.

Comments

Danish
 - 
Thursday, 19 Apr 2018

I was listening Modi's black money speech.. What a comedy.. He has good humor sense.. I feel pity on people who eleccted modi.. poor Sanghis

Feku
 - 
Thursday, 19 Apr 2018

“Agar ek baar ye jo chor lutero ke paisa videshi bankon me jama hain na…, itne bhi hum rupaye le aaye na to bhi hindustaan ke ek ek garib aadmi ko mufat me 15–20 lakh rupaye yu nh mil jayenge, itne rupaye hain. ye hamare MP sahab keh rahe the, kala dhan aa jaye to jahan chahe railway ...

 

- Modi

Danish
 - 
Thursday, 19 Apr 2018

authority saying 2000 rupees shortage.. for this no shortage.

Truth
 - 
Thursday, 19 Apr 2018

Instead of spending money for some votes atleast they can spend half of the money for poor people

Kumar
 - 
Thursday, 19 Apr 2018

Poll bound money leakage

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News Network
January 6,2020

Hubballi, Jan 6: Elected representatives of the BJP, Congress and JD(S) on Sunday decided to sink their differences and fight unitedly for Karnataka’s rightful share in the Mahadayi and Kalasa-Banduri water dispute with Goa.

The meeting convened by JD(S) MLC Basavaraj Horatti here saw participation of BJP ministers Prahlad Joshi and Jagadish Shettar, Congress and JD(S) lawmakers, among others.

After a 70-minute closed door meeting, MLC Horatti told reporters that they discussed the water dispute in detail and decided to take steps based on inputs from legal and technical experts on the rightful apportioning of water. “Today, we took the first big step towards the overall development of the region, unencumbered by political divisions,” he said.

Though the air was filled with a sense of jubilation as the issue had united seemingly hostile political parties on one side, a few activists expressed disappointment that the meeting failed to set a timeline to resolve the dispute.

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coastaldigest.com web desk
June 27,2020

New Delhi, June 27: The Prime Minister Narendra Modi-led union government of India is not ready to stop all imports from aggressive China in spite of mount calls to boycott Chinese products in India.

The Centre is reportedly considering to stop only non-essential imports from the neighbouring country.

However, the Inward shipment in sectors such as automobiles, pharmaceuticals, certain electronics and others will continue until a domestic alternative is found.

“India will gradually move towards import substitution. It will not happen overnight. In the meantime, attention has to be paid on production and job creation. We cannot throttle our industry. There are certain absolutely essential imports. Needless to say, those will keep going,” official sources said.

Sources said that both the government and the industry are in the process of identifying products that can be domestically manufactured in the medium term. There are certain chemicals, automotive components, handicrafts, cosmetics, agriculture items and certain consumer electronics, which can be manufactured domestically in the short to medium term. The government is doing all it can to raise the capacity of domestic industries.

However, there are certain other imports in the automobile and the pharmaceutical sectors which cannot be done away within the short to medium term. Their domestic production at the moment may not be that cost-effective.

The six-crore strong traders’ body CAIT has been at the forefront of such a demand and has launched a campaign to celebrate Indian Diwali this year with a total absence of Chinese goods.

“Ease of doing business, capital availability at lower rates and globally competitive logistics and energy costs are some of the prerequisites that the government should look into to ensure the growth of the domestic auto component industry,” according to Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta.

Maruti Suzuki Chairman R C Bhargava said, “People who are boycotting Chinese goods have to remember that in some cases it may lead to their being asked to pay more for the same product."

Meanwhile, domestic rating agency Acuite Ratings & Research has analysed the current import portfolio from China and found 40 sub-sectors have the potential to lower their import dependency on China. These sectors contribute to $33.6 billion worth of imports from China and about 25% of these imports can be substituted by local manufacturing without any significant additional investments.

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News Network
July 9,2020

Bengaluru, Jul 9: Alarmed over surging COVID-19 cases, the Karnataka government has decided to divide this tech city into containment zones to curb the spread of the pandemic, a state minister said on Thursday.

"The city will be divided into red, orange and yellow zones in commensurate with the number of Covid cases in them for containing the virus spread on war footing," Law and Parliamentary Affairs Minister J.C. Madhuswamy told reporters here.

Cabinet ministers representing assembly segments in the city will be in-charge of the zones to ensure the cases are curbed with strict enforcement of lockdown guidelines, especially wearing mask and maintaining social distancing by the people in the confinement areas.

"Chief Minister B.S. Yediyurappa has convened a meeting of ministers, MLAs, MPs and corporators of all the 198 civic wards across the city on Friday to discuss and draw an action plan to contain the pandemic," said Madhuswamy.

With 1,148 positive cases, the city''s Covid tally rose to 12,509 and active to 10,103, while 2,228 were discharged, including 418 on Wednesday, while 177 succumbed to the infection since March 9, with 23 in the last 24 hours.

"The Chief Minister ordered deploying more ambulances in the containment areas where cases have been spiking daily to rush Covid patients to the nearest hospital for immediate treatment," said Madhuswamy.

The city civic corporation -- Bruhat Bengaluru Mahanagara Palike (BBMP) --has increased the containment zones to 3,181 due to more cases spiking, with southern and western suburbs accounting for most infections.

"The containment zones are concentrated more in the city''s southern and western suburbs. Active cases doubled over the last 8 days and shot up to a whopping 12,509 from 4,555 on June 30," an official said.

Refuting graft charges by opposition Congress leader Siddaramaiah in the purchase of medical equipment for treatment of Covid patients, Madhuswamy said the state government had not spent more than Rs 600 crore so far.

"We are running a government. Not a private office. We will give account. He (Siddaramaiah) is welcome to check the accounts and verify the documents," asserted the minister.

In a related development, the cabinet also approved an ordinance to increase the state contingency fund to Rs 500 crore from Rs 80 crore for the Covid-19 induced economic relief measures announced by the chief minister in June.

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