Fake In India': Techie praised by Modi arrested for printing fake Rs 2K notes

[email protected] (CD Network)
December 3, 2016

New Delhi, Dec 3: A budding engineer, whose “innovation” was appreciated by the Prime Minister Narendra Modi at aMake In India' event last year, has now been arrested for printing fake notes of newly introduced currency of Rs 2,000.

abhinavThe 21-year-old B.Tech graduate Abhinav Verma, who also belongs to an Indian Army family, was arrested by Punjab police wit Rs 42 lakh fake currency in the denomination of Rs 2,000 notes in Mohali, Punjab on Thursday.

He was arrested over a tip-off provided to Punjab police, along with two of his accomplices – his cousin Vishakha Verma and Ludhiana-based property dealer Suman Nagpal. According to sources, the trio were duping people by exchanging fake currency (of Rs 2,000) with old Rs 500 and Rs 1,000 notes on a 30 per cent commission.

Parminder Singh, SP Mohali said that the fake currency was recovered on Wednesday from a brand new luxury Audi SUV which was used by Abhinav. The vehicle also had a red beacon, which is allowed only for VVIPs only.

In last few days Punjab police officials across India have been conducting raids to arrest two members of the gang who slipped away. The cops said that the currency given by the gang to their customers even after charging customers was fake.

The cops were stunned when they found that Abhinav Verma is the same person whose work was appreciated by Narendra Modi at Make India event last year.

According to reports, Abhinav is an engineering graduate who is into manufacturing sensors which are supposed to be installed in the sticks for visually handicapped. Abhinav's office is in Chandigarh and it was also used to print fake currency of Rs 2,000 denomination at his office only.

While Abhinav and his cousin Vishakha Verma, an MBA student printed the fake currency, the property dealer was responsible played the role of dispensing it to people who were looking to convert their unaccounted wealth to the new currency. The cops found notes with same serial number.

Last year, Abhinav got a mention from PM Modi in December at the Indian Science Congress in Bengaluru. At the age of 18, he created “Live Braille”, a device to help the vision-impaired to walk without a walking stick.

It gained popularity and was touted as an innovation under the “Make In India' programme. Live Braille has reportedly won awards at major engineering institutes across the country and at Illinois State University. It also won the TiEGER Award by TiE Silicon Valley USA.

Comments

A. Mangalore
 - 
Saturday, 3 Dec 2016

One of Bangladeshi terrorist has liked Zakir Naik's face book talk.
His organization is banned.
Now Modi praised Abhinav and Abhinav is inspired with Mr. Modi
Now what action you take against Modi ????
Thousand dollar question.

abdullah
 - 
Saturday, 3 Dec 2016

Now Modi should be arrested and his all outfits should be banned.
Because this youth is inspired by Modi...

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
May 13,2020

Managluru, May 13: Expressing regret over the inconvenience faced by the first batch of passengers from UAE that landed at Mangaluru International Airport last night, Dr C N Ashwath Narayan, deputy chief minister of Karnataka, today assured that all short comings will be addressed.

Addressing Kannadiga delegates from Saudi Arabia, Qatar, Kuwait and other countries through a video conference, Dr Narayan also assured that necessary steps will be taken by the Karnataka government to provide free quarantine facility for those who cannot afford private quarantine in hotels or guest houses. The video conference was organised by coastaldigest.com.

"The incontinence faced by passengers from Dubai at Mangaluru Airport have already been brought to my notice. All these shortcomings will be addressed. We will take appropriate steps to prevent the recurrence of such inconveniences," he said.

He said that the Karnataka government has already amended its standard operating procedure for international passengers to allow pregnant women to entre home quarantine if they test negative for covid-19. 

The problems faced by passengers at Mangaluru Airport last night include lack of staff to handle luggagues, lack of food and water, delay in arranging vehicle to transport passengers to quarantine centres and lack of free quarantine facility for those who cannot afford private quarantine facility. The next batch of repatriates will not face these problems, he said. 

Dr Narayan also promised to exert pressur on the union governmment to operate more flights to repatriate stranded Indians, especially Kannadigas from Saudi Arabia.

Prominent NRI commnity leaders Zakariya Jokatte, Naveen Bandary, Joy Fernandes, Shathosh Shetty Riyadh, Althaf Saqco, Shiekh Expertise and others participated in the video confernce.

Comments

SS
 - 
Thursday, 14 May 2020

I suggest, prefer Keral airports..  especially muslim pasengers

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 29,2020

Mangaluru, Mar 29: The state government has lifted the restrictions on the movement of chicken and eggs, thus ensuring the availability of protein-based nutrition to consumers.

Due to the 21-day lockdown in the State, police and other regulatory authorities were not allowing movement of poultry products, which not only had affected the entire poultry sector but also the consumers. The Karnataka Poultry Farmers and Breeders Association (KPFBA) had made a representation to the government to lift the restrictions.

The Secretary of Animal Husbandry and Fisheries, A B Ibrahim in a circular dated March 27, 2020 night , said that the minimal husbandry sector came under essential services and is given exemption during the lockdown period. He cited the letter which provides for the exemption, issued by the Government of India Home Secretary and the Union Joint Secretary of Animal Husbandry and Dairying.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.