The Central Bureau of Investigation (CBI) has registered a case against several senior officers of public-listed and state-owned Syndicate Bank, and other individuals, for causing an alleged loss of Rs 1,000 crore, according to various media reports. The Business Line reported that a case of alleged loan fraud was registered under the Prevention of Corruption Act and the IPC after their names were made public in an FIR. The fraud took place primarily at the bank’s Udaipur and Jaipur (Malviya Nagar and MI road) branches spanning over a period of five years (2011 to 2016).Officials at both these branches colluded with outside persons/customers by opening around 386 accounts, escaping all audits and formalities related to the KYC norms, reported the Indian Express.They resorted to discounting fake cheques and bills against fake letters of credit (LC), and arranging overdrafts against non-existent LIC policies, according to the Business Line report. The amount involved individual transactions ranging from Rs 40 lakh to Rs five crore. The Indian Express report quoted a CBI spokesperson as saying: “Prima facie, the ambit of alleged fraud seemed to be domestic. It added that most transaction to avoid detection, were nullified from the proceeds of new fraudulent transactions.”Explaining the modus operandi, the newspaper explained, these people allegedly deposited fake cheques and got discounted cash on them (e.g. for the face value of Rs 100 cheque, they got Rs 90 cash immediately). And before the cheque bounced, they produced another of higher face value and again got a discounted encashment, with a portion of it being used to write off against the previous fake cheque. Searches were carried out at 10 locations spread across two cities, and also Delhi-NCR, both on residences and official premises of the bank officials and the some businessmen.
Karnataka dy CM Laxman S SavadiTwitterThe government of Karnataka has three deputy chief ministers in power in the cabinet headed by the state chief minister BS Yediyurappa. But, there are some uncertainties when it comes to the appointment of Laxman S Savadi, who failed during the 2018 elections.The 59-year-old Savadi is BJP lawmaker from Athani constituency of Belgaum district and belongs to Lingayat community. He has been inducted as one of the three deputy CM’s along with Dr Ashwath Narayan and Govind Karjol and has also been granted with the cabinet portfolio of Transport Ministry.Laxman Savadi is not a new face to controversies. In 2012, he along with two other Bharatiya Janata Party (BJP) leaders, CC Patil and Krishna Palemar, were caught red-handed for watching pornographic content in his mobile phone during an assembly session. They were caught by the media and caused a major embarrassment to the saffron party. The BJP leaders were using mobile phones inside the state legislature when it is prohibited inside.The Congress Legislature Party (CLP) leader Siddaramaiah has criticised the saffron party over the induction of Savadi at such a reputable post. “BJP has no shame and has appointed Savadi as the deputy CM, who was caught watching a blue film in the Assembly,” he said.Not just opposition, several party leaders have also showcased their displeasure over Savadi’s appointment. BJP MLA and Yediyurappa’s close aide MP Renukacharya has protested against Savadi’s inclusion asking what was the necessity or urgency to induct him into the ministry, even when he is not an elected representative.It is alleged that Savadi has been rewarded by the central leadership for helping in sabotaging the Congress-Janata Dal-Secular (JD-S) coalition in Karnataka. He is a close friend of disqualified Congress MLA Ramesh Jarkiholi, who persuaded many Congress party leaders to revolt against the party and destabilise the government.
Photo: Christian Mundigler This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Oldest written document ever found in Jerusalem (PhysOrg.com) — In a study to be published this month in the Proceedings of the Athens Archaeological Society, archaeologist Michael Cosmopoulos of the University of Missouri-St. Louis shares his discovery of a clay tablet showing the earliest known writing in Europe. Located in the southwestern corner of Greece, the town where this discovery took place is Iklaina. This town dates back to the Mycenaean period of 1500 BC to 100 BC, and around 1400 BC was conquered by King Nestor.Cosmopoulos has been actively excavating this site for 11 years and has found evidence of a Mycenaean palace, including colorful murals, Cyclopean walls, and an elaborate drainage system made from clay pipes. However, this tablet has been his most unexpected find.Tablets of this nature were made from clay which was allowed to dry in the sun, making them very brittle and easily destroyed. The tablet they discovered however, had been thrown in a garbage pit and burned, thus firing the clay and leaving it preserved.The estimated 3,500 year-old tablet only measures around one inch by one and a half inches, but shows various symbols of Linear B, an ancient Greek writing consisting of 87 signs, each signifying one syllable. It appears that the Mycenaean’s used this tablet to record economic matters of interest to those in the ruling party. From what the researchers can distinguish, the front of the tablet shows markings appearing to for a verb relating to manufacturing. The back of this small tablet shows a list with numbers and names.While this is not the oldest writing ever found, it is the earliest example of writing found in Europe. Writing found in China, Egypt, and Mesopotamia is believed to date back to 3,000 BC.Originally believed that such tablets were only found in major state capitals or the time period, this find brings to that they were also used in what are considered second-tier towns. Researchers are hoping this find will help to shed some light on how these ancient Greek kingdoms were run. © 2010 PhysOrg.com More information: www.archetai.gr/site/eng_page_uc.html Citation: Oldest evidence of writing found in Europe (2011, April 4) retrieved 18 August 2019 from https://phys.org/news/2011-04-oldest-evidence-europe.html Explore further
Kolkata: The Mamata Banerjee government is all set to bring Tarapith and Purulia on its helicopter connectivity map soon.Suvendu Adhikari, the state Transport department minister, in the state Assembly on Wednesday said the state government is soon going to introduce helicopter service from Kolkata to Tarapith and Purulia.It may be mentioned that Tarapith is a temple town in Birbhum where thousands of devotees turn up every day and the state government has taken several steps to improve the infrastructure at Tarapith. Also Read – Rain batters Kolkata, cripples normal lifeNecessary infrastructure has been put in place so that people do not face inconvenience while they visit the place to offer Puja to goddess Tara. Roads connecting the place have been strengthened and widened.Now, the initiative has been taken to introduce helicopter service so that people reach Tarapith in far less time.Similarly, Purulia has also become one of the major tourist spots with the development of necessary infrastructure.In the past seven years, the Mamata Banerjee government has taken several steps for the development of Purulia. Now, people visit the place almost round the year except a few months during summer. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedThe tourism sector will receive further impetus with the introduction of this helicopter service.A tender has been floated to engage the operator for the helicopter services from Kolkata to Purulia and Tarapith.Currently, the helicopter service is available from Kolkata to Sagar, Digha, Shantiniketan and Malda.The helicopters, which operate from Kolkata to these four places, are four-seater ones. But helicopters operating from Kolkata to Tarapith and Purulia will have more seating capacity. It is learnt that eight-seater helicopters will operate between these places. It may be mentioned that soon after coming to power Chief Minister Mamata Banerjee had given stress on air-connectivity between all the districts. Initiatives were also taken to construct helipads in almost all districts.The Mamata Banerjee government has ensured flight services in Cooch Behar. The same in Bagdogra and Andal has also improved. The work to improve infrastructure of Malda and Balurghat airports is nearing completion. Moreover, many steps have also been taken to develop the Chharra Airstrip in Purulia.
Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. 2 min read The global mobile web industry is expected to grow from $1 billion in 2005 to $15.3 billion in 2010. Statistic Source: Pelorus Group Only 20% of businesses reported computer intrusions to legal authorities last year, keeping incidents quiet so as not to damage their images. Statistic Source: FBI/Computer Security Institute IM Spam, Spam IMYou have e-mail filters, e-mail spam control and e-mail archives. Now it’s a good time to apply the same scrutiny to IM. A recent Radicati study shows that the majority of North American companies now use IM. But security and archiving is often overlooked. (The Radicati study covered usage, but didn’t cover security and archiving.)Viruses and worms spread over IM are increasing. A report by IMlogicshowed a 2,700 percent increase over the previous year in new IM threats including viruses, worms, spam, malware and phishing attacks in the second quarter of 2005. A variety of companies now offer security solutions for IM. They range from network appliances like AkonixSystem’s L7 CM5000 to solutions like IMlogic’s IM Manager. FaceTime Communicationsis another major player at this level. These programs can cost in the thousands, but they provide heavy-duty security, control and archiving features.If those offerings are more than you need, check into basic protection from your anti-virus provider. Both McAfeeand Symantecinclude IM scanning in their anti-virus software. Zone Labsoffers IM Secure Pro software for $20. Whatever you go with, it’s a good idea to keep a handle on your business IM. This story appears in the November 2005 issue of Entrepreneur. Subscribe » November 1, 2005 Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Register Now »