Two shipyard workers arrested in Udupi for allegedly spying for Pakistan
Udupi: Karnataka Police have arrested two employees of a shipyard in Udupi on charges of spying for Pakistan, setting off a major security alert along the coastal belt.
The accused have been identified as Rohit and Santhri, both residents of Uttar Pradesh. They were employed at the Malpe unit of Cochin Shipyard on contract through Sushma Marine Pvt. Ltd.
Police said the duo had been sharing sensitive information from inside the shipyard for over 18 months. The material allegedly included details of vessels being built for the Indian Navy as well as private clients. Investigators believe the information was sent to handlers in Pakistan through WhatsApp in return for monetary rewards.
The arrests were made after the CEO of Cochin Shipyard filed a written complaint, prompting police to take the two workers into custody. They were produced before court soon after the arrest.
Officials said the nature of the information leaked by the accused had the potential to compromise national security and operational secrecy.
According to sources, agencies suspect the involvement of a larger network and believe the two arrested workers may not be the only ones in contact with foreign handlers. National security and intelligence agencies are expected to join the investigation as it moves forward.
Further details are awaited as the probe continues.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
