Karnataka Youth Congress chief Mohammed Nalapad appears before SIT probing Bitcoin scam
Bengaluru, Feb 06 (PTI): Karnataka Pradesh Youth Congress Committee President Mohammed Haris Nalapad appeared before the SIT of the Karnataka CID here on Thursday to take part in the Bitcoin scam probe.
Mohammed and his brother Omar Haris, were questioned in June 2024 too for over two days with regard to the payments made by them for expenses incurred by hacker Srikrishna Ramesh alias Sriki, including his stay at luxury hotels, his travel and other expenses between 2017 and 2018.
Sriki was arrested in November 2020.
Mohammed and Omar are sons of Congress MLA N A Haris, the chairman of the Bangalore Development Authority.
Sources said the SIT is reported to be in the process of finalising two charge sheets in the Bitcoin scam in which police officers have allegedly destroyed evidence and embezzled cryptocurrency.
The SIT began its investigation into the Bitcoin scam in June 2023.
Last year, the SIT filed a charge sheet against Sriki and his accountant Robin Khandelwal in connection with the hacking of Unocoin Technology Pvt Ltd's crypto exchange in Karnataka that occurred on June 23, 2017. This incident resulted in the theft of 60.6 Bitcoins, which were valued at Rs 1.14 crore based on the prevailing rate of Rs 1.67 lakh per Bitcoin at that time.
There is no record of direct financial transactions between the hacker and the Nalapad brothers, including their fund manager. However, the hacker stated to the CID police in 2021, following his arrest for a hacking incident at the Karnataka government's e-procurement portal in July 2019 that resulted in a Rs 11.5 crore heist, that he had made an "investment" of 150 Bitcoin and 1,100 Ethereum with Mohammed after meeting the brothers in 2017.
According to the sources, the statements made by Srikrishna are currently being investigated and verified.
At the time of the hacker's arrest in 2020, the value of one Bitcoin was in the range of $20,000 (around Rs 20 lakh), and it surged to as high as $50,000 (around Rs 50 lakh) by April 2021. The value of one Bitcoin recently hit $1,00,000.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Veteran Congress leader Shamanuru Shivashankarappa laid to rest with full state honours
Bengaluru (PTI): Veteran Congress leader Shamanuru Shivashankarappa was laid to rest with full state honours on Monday.
The 94-year-old former minister, who passed away at a private hospital in Bengaluru on Sunday, was cremated at the Kalleshwara Mill premises, following Veerashaiva-Lingayat traditions.
Earlier in the day, Shivashankarappa's mortal remains were brought to his native Davanagere, where they were kept at the high school grounds for the public, his followers, and well-wishers to pay their last respects.
ALSO READ: Karnataka Speaker U T Khader condoles death of Shamanur Shivashankarappa
Expressing deep sorrow over his demise, the Karnataka government ordered that his last rites be performed with full state honours.
Both the Karnataka Legislative Assembly and Council also mourned his passing, adjourning their sessions for the day after paying tributes.
Chief Minister Siddaramaiah, Deputy CM D K Shivakumar, AICC President Mallikarjun Kharge, veteran BJP leader B S Yediyurappa, several ministers, opposition leaders, legislators, and political figures paid their respects.
A number of seers from the Veerashaiva-Lingayat community also attended the last rites.
Shivashankarappa represented the Davanagere South Assembly constituency. He had been undergoing treatment at the hospital for some time before succumbing to age-related ailments.
The senior-most legislator in Karnataka, Shivashankarappa, was also one of the longest-serving lawmakers in the country, sources said.
He is survived by three sons, including S S Mallikarjun, the Karnataka Minister for Mines, Geology, and Horticulture, and four daughters. His daughter-in-law, Prabha Mallikarjun, is the Member of Parliament from Davanagere.
A six-time MLA, Shivashankarappa also served as a minister and an MP.
He was a prominent educationist, establishing several educational institutions, and was an industrialist.
Additionally, he served as the treasurer of the Karnataka Pradesh Congress Committee (KPCC) for decades and was the president of the All India Veerashaiva Mahasabha, the apex body of the influential Veerashaiva-Lingayat community.
