Raichur: Ten arrested in fake currency case
Raichur: Police have arrested 10 individuals in connection with the circulation of counterfeit currency in Manvi town.
On 13 May, Virupakshi, a resident of Chahapudi Camp near Seekal village, allegedly deposited 36 counterfeit notes of ₹500 denomination, amounting to ₹18,000, into his Indian Bank account at the bank’s ATM branch in Manvi. The branch manager detected the fake notes and filed a complaint with the Manvi police.
Acting on the complaint, an investigation was launched under the guidance of Superintendent of Police M. Puttamadaiah and Sindhanur DySP B.S. Talawar, led by PI Somashekhar S. Kenchareddy and his team.
The accused — Virupakshi and Shekhar (Chahapudi Camp), Hussain Basha (Shastri Camp), Khaja Hussain (Machanoor), Siddanagouda (Sirwar), Amaresh (Gadderayan Camp), Ajmeer (Manvi), Alam Basha (Sindhanur), Narasayya Shetty (Raichur), and Bhimesh (Karatagi) — were arrested and a case has been registered.
Police have seized ₹18,000 worth of fake ₹500 notes, a car, and four two-wheelers from the accused. All the arrested individuals have been remanded to judicial custody as the investigation continues.
SP M. Puttamadaiah has appreciated the efforts of PI Kenchareddy and the police team for their immediate action.
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K'taka remains central to Aequs' strategy, says min Patil amid row over firm's investment in TN
Bengaluru (PTI): Karnataka Commerce and Industries Minister M B Patil on Monday asserted that Aequs continues to expand in the state and that its proposed investment in neighbouring Tamil Nadu was a business decision aimed at diversification, not a shift away from Karnataka.
Reacting to criticism on social media over reports that the Karnataka-based firm had signed a major investment deal in Tamil Nadu's Krishnagiri district for setting up a specialised aerospace and defense manufacturing cluster, he said the state government was fully aware of the company's plans and remained confident about its long-term commitment to Karnataka.
"While we welcome every major investment in India, would like to clarify a few points," Patil said in a post on 'X'.
Aequs was significantly expanding its footprint within Karnataka, including a Rs 3,000 crore investment in Kolar for electronics manufacturing.
"Its recently approved Rs 1,500 crore ECMS project will also be grounded in the state. Karnataka remains central to its long-term strategy," he said.
Patil added that the government had prior knowledge of the TN proposal.
The government was already informed and aware that the TN investment is a business decision aimed at geographic diversification and de-risking operations, not a shift away from Karnataka.
"Healthy competition between states strengthens India's manufacturing ecosystem," he said.
Emphasising the state's focus on high-technology sectors, Patil said, "We remain committed to deepening Karnataka's leadership in aerospace and advanced manufacturing, and our engagement with industry partners is strong and ongoing."
The Aequs Group has pledged Rs 4,000 crore to bolster Tamil Nadu's aerospace manufacturing capabilities at the SIPCOT-Shoolagiri Industrial Park in Krishnagiri district.
The group proposes to establish a specialised aerospace and defense manufacturing cluster for the production of aircraft engines, gearbox components, and precision engineering parts. This initiative is expected to provide employment to 7,000 individuals.
