ED raids Manappuram Finance premises in Kerala on money laundering charges
New Delhi/Kochi (PTI): The Enforcement Directorate on Wednesday conducted searches at multiple premises linked to non-banking finance company Manappuram Finance in Kerala as part of a money laundering investigation against it, official sources said.
They said the raids are being undertaken to gather evidences related to allegations of collecting public deposits worth over Rs 150 crore by the company in contravention of Reserve Bank of India (RBI) guidelines.
A total of four premises, including the headquarters of the company in Thrissur and those of its promoters are being searched, they said.
An email sent to the company did not elicit an immediate response.
The agency, according to sources, suspects "large-scale" cash transactions by the company and is looking at gathering documents and recording statements of the company executives in this context.
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Karnataka cop who used to teach children of migrant labourers clear UPSC exams
VB had carried special video story featuring Shantappa's initiative in 2020
Bengaluru: Karnataka Police sub-inspector Shantappa Kurubara, also known as Shantappa Jademmanavar, has achieved a remarkable feat by cracking the Union Public Service Commission (UPSC) examination, securing an all India rank of 644.
Shantappa gained attention for his efforts to mentor children residing in a migrant labor settlement in Bengaluru, as highlighted in a video story by Vartha Bharati. He dedicated his time to teaching several children from migrant laborer families, aiming to empower them through education.
Currently serving at the Sriramapura police station, Shantappa had previously initiated a campaign advocating for public toilets along the Bengaluru-Tumakuru highway. Despite receiving no response from authorities, he took matters into his own hands and established a mobile toilet at the Goraguntepalya junction. Notably, he invited a transgender person to inaugurate the facility.
Shantappa's motivation for this campaign stemmed from his mother's struggle to find a public toilet at the Goraguntepalya junction.
The UPSC results revealed Aditya Srivastava as the top-ranked candidate nationally, followed by Animesh Pradhan and Donuru Ananya Reddy in the second and third positions, respectively.
In total, 1,016 candidates have been recommended for appointment by the UPSC, marking a significant milestone in their respective careers.
