Senior RBI official arrested by CBI in Bengaluru for money laundering

The CBI on Tuesday arrested K Michael, senior special assistant, Issue Department, RBI, for allegedly helping a friend convert demonetised high denomination notes to the tune of Rs. 6 lakh into Rs. 100 denominations at State Bank of Mysore, Kollegala, without proper documentation. On December 6, the CBI registered a case against Parashivamurthy, senior cashier of the branch, for allegedly […]

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ED arrests 7 middlemen, seizes Rs 93 lakh new notes in Karnataka

The ED has arrested seven alleged middlemen and seized Rs 93 lakh in new currency in Karnataka as part of its money laundering probe. Officials said the agency placed the seven, including the relative of a government official, under arrest late on Monday under provisions of the Prevention of Money Laundering Act (PMLA). Rs 93 lakh in new notes of […]

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Hawala operator K V Veerendra arrested, Rs 5.70 crore in new currency seized

CBI on Tuesday arrested an alleged hawala operator K V Veerendra in connection with seizure of Rs 5.70 crore of new currency notes of Rs 2000 denomination from his premises in Karanataka. The agency sources said CBI has registered a case against officials of four banks — State Bank of India, State Bank of Mysore, ICICI Bank and Kotak Mahindra […]

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Pakistan army chief names Lt Gen Naveed Mukhtar as new ISI chief

Pakistan’s new army chief General Qamar Javed Bajwa on Sunday abruptly removed the head of the country’s spy agency ISI and made several other significant changes in the army’s top brass, as part of a major reshuffle. Gen Bajwa, who took over from Gen Raheel Sharif two weeks ago, appointed Lt Gen Naveed Mukhtar as director-genereal of the notorious Inter-Services […]

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