Mangaluru cops bust suspected gold hawala; recover Rs 1.75-cr; arrest 2

coastaldigest.com news network

November 5, 2018

Mangaluru, Nov 5: The city police have busted a suspected gold hawala and recovered of Rs 1.75 crore in cash, following the arrest of two persons allegedly involved in the kidnapping of a a jewellery firm employee who had come to the city with the cash.

The operation was carried out by a special police team consisting of personnel from city crime branch (CCB) and Urwa police station on Monday.

Police Commissioner T.R. Suresh, at a press conference here on Monday, identified the accused as Abdul Manan, 29, of Talapady, and Razi, 26, of Padil.

On October 23, Manjunath Ganapati, an employee of Vaishavi Jewellers on Car Street, returned to the city from Mumbai around noon in a private bus and got down at Ladyhill bus stop. As he was crossing the road, two people pulled him into a car and told him the Assistant Commissioner of Police was in the front seat. They abandoned Mr. Ganapati near Bajpe and made away with his bag. Three days later, he filed a complaint with the Urwa police station about theft of his bag containing cash of Rs. 15 lakh.

Mr. Suresh said a special team, headed by Urwa Police Inspector Ravish S. Nayak and Central Crime Branch Inspector Shantaram, was formed to trace the accused. The team succeeded in arresting Manan and Razi. Manan was involved in eight criminal cases in the city including two cases of murder.

On questioning, the arrested revealed that the bag contained Rs. 2.35 crore. Manjunath Ganapati had taken a parcel of gold jewellery items to the Vaishavi Jewellers unit in Mumbai and was returning with the huge amount on October 23. The accused reportedly revealed that they kept a close track of the victim’s movement from Mumbai. The booty was reportedly shared among six people.

The police recovered Rs. 1.75 crore that included 7,250 notes of Rs. 2,000 denomination and 6,000 notes of Rs. 500 denomination. They are on the lookout for the other accused. The accused revealed that they followed the modus operandi of Target Gang – a gang involved in extortion – in collecting the information and robbing the person.

Mr. Suresh said Vaishavi Jewellers’ owner Santosh Kurdekar and Mr. Ganapati were yet to give them a reason for not disclosing the actual amount. The police have asked the Income Tax department to inquire into the case, he said.

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can you arrest the biggest currupt PM of a country ?

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PM Modi vows to strengthen India-Maldives ties, inks currency swap deal with President Muizzu

News Network

October 7,2024

New Delhi: Seeking to strengthen bilateral ties, India and the Maldives on Monday inked a currency swap agreement to the tune of $400 million, a move that would help the archipelago nation overcome foreign exchange reserve issues.

Prime Minister Narendra Modi and visiting Maldivian President Mohamed Muizzu also launched Rupay card in the Maldives, inaugurated the new runway at the Hanimadhoo International airport and agreed to further strengthen bilateral relations that had hit a rocky patch last year.

Muizzu, who is on a four-day state visit, held talks with Prime Minister Modi at the Hyderabad House here.

After the talks, India also handed over 700 social housing units to the Maldives built under the EXIM Bank’s buyer’s credit facilities.

"Today, we have inaugurated the redeveloped Hanimaadhoo Airport. Now, the Greater Male Connectivity Project will also be expedited. We will also support the development of a new commercial port in Thilafushi," Modi told reporters here with Muizzu by his side.

Modi said India and Maldives have decided to initiate discussion on the Free Trade Agreement to further strengthen economic ties.

The prime minister described Maldives as a "close friend" which had an important position in India's neighbourhood policy and SAGAR vision.

"India has always fulfilled the responsibilities of a neighbour. Today, we have taken up the vision of a comprehensive economic and maritime security partnership to give our mutual cooperation a strategic direction," Modi said.

Earlier, Muizzu was accorded a ceremonial welcome at the Rashtrapati Bhawan by President Droupadi Murmu. Prime Minister Modi was also present on the occasion.

Muizzu was given a tri-services guard of honour before he drove down the Rajghat to offer his respects at the memorial to Mahatma Gandhi.

The ties between India and the Maldives came under severe strain since Muizzu, known for his pro-China leanings, took charge of the top office in November.

Muizzu won the presidential election last year on the 'India out' campaign and asked New Delhi to withdraw its military personnel posted in the archipelago nation by May this year.

The bilateral ties also hit a rocky patch when Maldivian ministers were critical of Modi. However, Muizzu has since toned down his anti-India stance and even sacked ministers who were critical of the Indian prime minister.

As the Maldives was grappling with a serious economic downturn, India has decided to extend vital budgetary support to the Maldives government with the rollover of a $50 million Treasury Bill for another year.

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