Eight arrested in connection with abduction of BPO employees in Bengaluru
Bengaluru (PTI): Police have rescued four manager-level employees of a city-based BPO firm who were allegedly abducted by a gang of eight persons posing as cops, and have nabbed the accused, which includes a police constable.
The accused had allegedly extorted Rs 8.90 lakh from the operations manager of the firm, and had demanded for more money, police said.
The incident took place around midnight on Friday and most of the accused are from Kolar, police sources said, adding that one of the accused is a police constable in Kolar, and further investigation is on.
The accused had claimed to be police personnel conducting a cybercrime inspection, officials said.
Those abducted were kept as hostages at a place in Kolar district's Malur.
Police swung into action on receiving a complaint on emergency helpline 112 from the BPO staff, early on Saturday and arrested the culprits.
Home Minister G Parameshwara, speaking to reporters on Sunday said, arrests have been made in the Koramangala case. The arrested police constable is posted at the Malur town police station.
He said instructions will be given in the department to be vigilant, and take merciless action against the police personnel involved in such activities, by taking disciplinary and legal action.
DCP (south-east) Sarah Fathima told reporters on Saturday said, "On Friday at 1 am, eight people posing as police took four manager level employees working at a BPO in Koramangala police station limits under the pretext of an inquiry and kidnapped them."
She said they demanded money from the abducted and forced one person--operations manager of the firm--to transfer Rs 8.90 lakh to four bank accounts of those related to the accused through online. They also demanded more money in the form of cash.
Police received the complaint at 4.30 am on Saturday and four teams were formed to track the case.
The DCP said eight accused persons have been arrested and two vehicles used for kidnapping have been seized.
"The accused have tried to get as much money as they can. They had demanded hard cash and had tried to share location over phone to deliver the money. We have nabbed the accused kidnappers before the delivery," she said.
Most of the accused are from Kolar district doing different kinds of jobs.
They have been arrested and further investigation will be done, the DCP said.
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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.
