Old photos of netas giving out cash as ‘loan’ go viral

Published: 10th November 2016 01:55 AM  |   Last Updated: 10th November 2016 03:27 AM   |  A+A-

By Express News Service

KOLAR: Photos of the Kolar and Chikballapur District Co-Operative Central Bank disbursing cash went viral on the social media. Some people posted the photos on WhatsApp saying a few politicians gave money to people to the tune of `3 lakh per head as “loan” to convert “the black money into white money”.
Interestingly, there were a number of photos including that of a Congress MLA. When contacted, bank president Byalahalli Govinda Gowda told Express that the photos had been taken on Saturday at Bangarpet. The bank, with an intention to help SHGs, lends at public programmes conducted in open places. Money is also handed over to women at their doorsteps, he said.

Govinda said the the photos were posted to defame the bank and the politicians.
Politico comes up with a trick

Bengaluru: A prominent politician from Bengaluru Rural district reportedly handed over `1-2 lakh in demonetised notes to his confidants telling them to deposit the money in their bank accounts.

He is said to have given a total of anywhere between `50 lakh and `1 crore to his confidants who included gram panchayat, taluk panchayats members. The handing over of the cash reportedly took place on Wednesday morning at the home office of the leader. Interestingly, personal assistants of the politician had informed his confidants to meet him on Tuesday night itself, sources said. 

College donates money for last rites of 75-year-old 
Kalaburagi: An educational institution of Kalaburagi helped a family which was facing problem in performing final rites of a person who died on Wednesday.

Tippanna Vachha (75) of Basavanagar locality died on Wednesday. Though the family had ` 10,000 for the final rites, all the currencies were of `500 denomination. They could not use it due to the decision of the Union government. One of the family members went around the city in an autorikshaw to collect money from friends and well wishers but in vain.

The president of Sri Guru College who heard about it, managed to collect the required sum from students of the institution in `100 and `50 denominations and handed it over to the family as donation from the institution.

New notes printed in Mysuru
Mysuru: The Bharatiya Reserve Bank Note Mudran Pvt Ltd in Mysuru has printed the new currency notes of `500 and `2,000 denominations.

Reserve Bank Employees Association president SA Ramdas said the printing of fresh notes with security features were printed in Mysuru started four years ago.
More than 500 million notes of `500 and 2,000 million notes of `2,000 denominations were printed and dispatched to RBI.

RBI Mysuru has advanced design machinery, thus the division was asked to print the notes. The ink and paper are also manufactured in Mysuru, he added.

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