CBI rules out FBI presence in Karnataka to probe Bitcoin scam

News Network
April 10, 2022

Bengaluru, Apr 10: The CBI on Sunday refuted reports that a team of the US Federal Bureau of Investigation (FBI) was in India to probe the alleged bitcoin case being investigated by the Karnataka Police, and termed the statements "speculative" and "without any basis". 

In a statement, the central agency said the FBI has not sent any team to India to conduct a probe in the matter nor has any request been made by the US probe agency to the CBI for conducting an investigation in this case.

"Accordingly, the question of according any permission for the probe by Competent Authority in India does not arise. CBI as the National Central Bureau for INTERPOL in India coordinates closely with international law enforcement agencies including FBI," Central Bureau of Investigation spokesperson RC Joshi said.

The statement comes after the Congress on Friday asked whether the FBI is in India to investigate an alleged "Bitcoin scam" which the party had accused the BJP government in Karnataka of covering up last year.

Later, senior officials added that the statements and reports claiming the presence of the FBI team to probe the case are "speculative, without any basis" and issued with a "malafide intent". 

In a tweet, Congress MLA from Chittarpur Priyank Kharge had said he believed the "FBI is in Delhi to investigate the billion dollar" Bitcoin scam.

"Like i said before, if the state investigates the matter diligently, a lot of BJP's skeletons will tumble out," he had said.

Congress spokesperson Randeep Singh Surajewala had also tweeted, saying, "The layers of #BitcoinScam are finally being unearthed!" 

He had asked several questions related to the alleged scam, including whether the FBI was in India to investigate India's biggest Bitcoin Scam Coverup under Karnataka BJP Govt? 

He had also asked the government to release details of the investigation and suspects, including political people.

Accusing the Congress of playing politics on the alleged bitcoin scam issue, Chief Minister Basavaraj Bommai had last year asked the opposition party to give documents, if any, to investigating agencies. 

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News Network
January 9,2025

Mangaluru: In a significant development, Mescom has proposed a phased electricity tariff hike starting with Rs 0.70 per unit for the fiscal year 2025-26. The proposal has been submitted to the Karnataka Electricity Regulatory Commission (KERC) for approval, signaling a potential increase in electricity costs for consumers.

Mescom emphasized that the current tariff structure is insufficient to meet operational expenses and manage revenue effectively. To address this, the company has invited public objections to the proposed hike.

Currently, the electricity supply cost is Rs 9.23 per unit, while the consumer tariff stands at Rs 8.53 per unit, leading to a shortfall of Rs 0.70 per unit. For the financial year 2023-24, Mescom reported revenue of Rs 5,924.73 crore against an expenditure of Rs 6,310.39 crore, resulting in a deficit of Rs 367.66 crore. For the 2025-26 fiscal year, projected revenue is Rs 5,850.81 crore, with an actual requirement of Rs 5,961.63 crore, creating a deficit of Rs 110.82 crore.

In a first, Mescom has submitted a multi-year tariff revision proposal to KERC. The plan outlines a hike of Rs 0.70 per unit for 2025-26, followed by Rs 0.37 per unit for 2026-27 and Rs 0.54 per unit for 2027-28.

"An increase in electricity tariff is inevitable," stated Jayakumar R, Managing Director of Mescom. "Mescom has submitted a proposal in this regard to KERC."

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News Network
January 10,2025

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Barakah International School and College is organizing a unique parenting workshop aimed at equipping parents with essential skills in various aspects of parenting. The event will take place at Barakah Auditorium, Ayar, on Thursday, January 16, 2025, at 6:30 PM.

This session will cover three crucial aspects of parenting:

Motivating Your Child to Excel in Academics: Presented by Sharfuddin B.S., Principal of Barakah International School and College and an internationally acclaimed motivational speaker.

Parenting in the Modern Age: Delivered by Mr. Saif Sultan, a renowned motivational speaker and Chairman of the Hope Foundation.

Parenting Skills to Instill Islamic Values: Led by Mohammad Haneef, Principal of the Islamic Department at Barakah International School and a well-known Khateeb.

The workshop will conclude with a Q&A session, providing participants the opportunity to gain deeper insights from the experts.

The program is free of cost and open to both parents, subject to prior registration. Maghrib and Isha prayer arrangements will be available, and refreshments will be served at the end.

Interested participants are encouraged to register at the earliest to secure their slots via the following Google Form:

https://forms.gle/mKxsr4A1UGrpo7DJ9

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News Network
January 2,2025

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Mangaluru, Jan 2: The coastal city of Mangaluru witnessed yet another alarming car fire incident last evening, marking the latest in a series of similar mishaps in recent months. Fortunately, quick action by the driver and passengers prevented any injuries.

On January 1, a moving Volkswagen car caught fire on the road leading to the helipad at Maryhill. The passengers noticed flames emanating from the front of the vehicle. Acting promptly, the driver pulled over, and all four occupants exited safely.

Local residents attempted to douse the flames using water, and personnel from the Kadri fire service soon arrived to manage the situation. Despite their efforts, the car's engine was completely destroyed.

This incident adds to a growing list of car fire cases reported in Mangaluru recently:

December 16, 2024: A Hyundai car caught fire near City Centre Mall. The driver narrowly escaped.

November 15, 2024: A car was gutted within minutes near Kadri police station, though the driver escaped unharmed.

November 10, 2024: A Maruti 800 waiting at a petrol station caught fire and was completely burnt.

September 28, 2024: A parked BMW at Adyar was destroyed in a fire.

September 5, 2024: Another BMW caught fire near NITK.

In all these incidents, timely evacuation ensured that no injuries were reported. However, the frequency of such cases raises serious concerns about vehicle safety and the need for preventive measures.

Authorities and vehicle manufacturers must investigate the underlying causes of these fires to prevent future occurrences. Public awareness about vehicle maintenance and safety measures is also critical to avert such mishaps.

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