Kota: Police have arrested one of the key accused in the multi-crore fraud reported at the Kavadi branch of the Shiriyaar Service Cooperative Society in Sabarakatte.

The arrested person has been identified as Suresh Bhat, 38, from Jaanuvaarakatte in Heggunge village. He was serving as the in-charge manager of the Kavadi branch. According to the complaint, Suresh Bhat and junior clerk Harish Kulal had allegedly misappropriated around 1.70 crore rupees from the society before going into hiding. A case in this regard had been registered at the Kota police station.

Under the guidance of Udupi DySP Prabhu D.T. and Brahmavar Circle Inspector Gopikrishna, a team led by Kota Police Sub-Inspectors Praveen Kumar and Mantesh Jabagoud, along with staff members Krishna Sheregar, Sridhar and Vijayendra, traced and arrested Suresh Bhat.

The second accused, Harish Kulal, is still absconding. Police have launched a search to trace him.

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Washington (PTI): US President Donald Trump on Friday said he had a "very good conversation" with his "friend" Prime Minister Narendra Modi.

He was referring to the talks the two leaders had on Tuesday.

"I had a very good talk with him, and he's a friend of mine from India, and he's doing great. We had a very good conversation," Trump told reporters here as he headed to Las Vegas to address a roundtable on tax cuts.

Trump had called Modi on Tuesday to discuss the bilateral relationship and share perspectives on the situation in West Asia, where the US and Israel have launched a war on Iran.

The US and Iran declared a two-week ceasefire on April 7. They engaged in peace talks with Washington, insisting that Tehran give up its pursuit of nuclear weapons and uranium enrichment.

The war with Iran has sent gas prices soaring as Tehran blocked the sea lanes in the Strait of Hormuz, the narrow gateway for a fifth of global oil supplies.

During the Trump-Modi phone call on Tuesday, the two leaders stressed the importance of keeping the Strait of Hormuz open and secure.

According to the US Ambassador to India Sergei Gor, the 40-minute conversation ended with Trump telling Modi, "we all love you".

Tuesday's phone call was the second between the two leaders since the US-Israel war with Iran began on February 28.