45-year-old served as money launderer for sophisticated criminal enterprise that began before October 2023 & continued through at least March 2025, according to US court papers.
CBI has summoned cyber expert Gaurav Mehta, whose name came up after ex-IPS officer Ravindranath Patil accused Supriya Sule & Nana Patole of using scam funds to finance poll campaign.
The Indian-origin engineer worked closely with fallen crypto king Bankman-Fried who ran FTX and trading firm Alameda Research, and lost most of his life savings.
The once-celebrated young investor with estimated worth of $26 bn, is now 'nearly penniless & friendless' and going down in history for besmirching reputation of struggling crypto industry.
Compromised account is used to target other victims without knowledge of the user. Scammers keep deleting accounts or changing name of Instagram handles, says a police officer.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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