Elon Musk, Vivek Ramaswamy to lead Department of Government Efficiency: Trump
Washington (PTI): US President-elect Donald Trump on Tuesday announced that Tesla owner Elon Musk and Indian American entrepreneur Vivek Ramaswamy will lead the Department of Government Efficiency or DOGE.
"I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (DOGE)," Trump announced.
Ramaswamy is the first Indian American to have been tapped by Trump into his administration beginning January 20 next year.
"Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies -- essential to the 'Save America' Movement," he said.
"This will send shockwaves through the system, and anyone involved in government waste, which is a lot of people!" stated Musk, as per the statement issued by Trump.
The US President-elect said this will become, potentially, "The Manhattan Project of the current time".
Republican politicians have dreamed about the objectives of DOGE for a very long time. To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of government, and will partner with the White House and Office of Management and Budget to drive large-scale structural reform, and create an entrepreneurial approach to the government never seen before, he said.
"I look forward to Elon and Vivek making changes to the federal bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans. Importantly, we will drive out the massive waste and fraud which exists throughout our annual USD 6.5 trillion of government spending," said the president-elect.
"They will work together to liberate our economy, and make the US government accountable to 'WE THE PEOPLE'. Their work will conclude no later than July 4, 2026. A smaller government, with more efficiency and less bureaucracy, will be the perfect gift to America on the 250th Anniversary of The Declaration of Independence. I am confident they will succeed!" Trump declared.
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Three company directors held in Rs 100-crore investment fraud in Kochi
Kochi (Kerala) (PTI): Police on Sunday arrested three directors of a firm accused of cheating hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.
The accused were identified as Muraleedharan, Ashik Murali and Akhil Murali, all natives of Thrissur.
The arrests were made by the Kalamassery police in connection with a fraud involving ATCOS (Agri Tourism Cooperative Society), a firm headquartered at Pathadipalam here.
Police said the company had promised high returns by collecting investments from the public in the agricultural tourism sector, but allegedly cheated hundreds of people and fled with the money.
ATCOS was registered under the Multi-State Cooperative Societies Act and operated 13 branches across various districts in Kerala, besides a branch in Coimbatore in Tamil Nadu, officials said.
When investors failed to receive their promised returns or the invested amount, complaints were filed with the police.
Officials said around 54 cases have been registered against the firm in 32 police stations across the state, including 29 cases at the Kalamassery police station alone.
Following instructions from Kochi City Police Commissioner K S Mahesh Kumar, a special investigation team was formed under the supervision of Deputy Commissioner of Police (Law and Order) Shehensha and Thrikkakara ACP Manoj Kumar.
The team traced the accused to an apartment in Amala Nagar in Thrissur, where they had been hiding after secretly renting the flat, officials said.
The bank accounts of the accused have been frozen, and steps have been initiated to trace their assets, officials said.
Police also conducted a raid at the company’s office at Pathadipalam and seized several documents related to the case.
The accused were produced before the Judicial First Class Magistrate Court in Kalamassery, which remanded them to judicial custody and sent them to Kakkanad jail.
Police said they would seek the custody of the accused for further interrogation as the investigation continues.
