National News
ED attaches property worth Rs 110 crore in KSBL case
The Enforcement Directorate (ED) on Saturday said that they have attached immovable and movable assets worth Rs 110 crore in the money laundering investigation against Karvy Stock Broking Ltd (KSBL), its Chairman Comandur Parthasarathy and others.
With the fresh attachments, the total now stands at Rs 2,095 crore.
In March, the ED had attached immovable and movable properties in the form of land, buildings and share holdings worth Rs 1,984 crore.
The probe agency initiated its investigation on the basis of FIRs filed by the CCS Police Station, Hyderabad Police, on the complaints of lending Banks who complained that the Karvy Group had availed large amounts of loans by illegally pledging their clients’ shares worth about Rs 2,800 crore and the said loans became NPA after the release of the client’s securities as per the orders of NSE and SEBI.
KSBL was one of the leading Stock Brokers in the country with millions of clients. The scam came to light after a limited purpose inspection of KSBL conducted by NSE in 2019 revealed that KSBL had not revealed a DP Account and credited the funds raised by pledging of client securities to six of its own bank accounts (“Stock Broker-own Account”) instead of the “Stock Broker-Client Account”.
The ED collected the audit conducted by NSE and the orders passed by SEBI and ROC against KSBL and the forensic audit reports of BDO India LLP.
In 2021, the ED conducted searches at nine locations. This year, Parathasarathy, and G. Hari Krishna, CFO, were arrested and were sent to judicial custody.
The agency said that the accused were evasive throughout the questioning.
According to ED investigation, KSBL had misused the Power of Attorney given by its clients and misused the same to illegally raise loans.
Shares of clients who did not owe any funds to KSBL had been transferred to the Pool Account of KSBL and were pledged with the banks by making misleading declaration of ownership.
“Share transfers were done from the client’s accounts for which the KSBL’s Sales Team claimed that they had taken clients’ approval for stock lending through phone or orally, but there were no supporting documentary evidence,” said an ED official.
Large amounts of proceeds of crime were ‘invested’ by the accused in the form of investments, short term advances, loans to group companies. This resulted in enhancement of the value of the subsidiary companies of KSBL.
“Now the accused were trying to sell these subsidiary businesses at a profit to yield indirect windfall gains to the main accused,” the ED said.
Entertainment
Satish Shah, who tickled everyone with his comic timing, is no more; he died of kidney failure

New Delhi, Oct 25: Actor Satish Shah, known for his roles in comedy films, has passed away. The news of his death has sent shockwaves among fans. Indian producer Ashoke Pandit confirmed the actor’s death. He shared an emotional post on social media informing about the actor’s demise.
Indian producer Ashoke Pandit posted a photo of Satish Ravilal Shah on Instagram and wrote, “It is with great sadness and shock that we inform you that our dear friend and a wonderful actor, Satish Shah, passed away a few hours ago due to kidney failure. He was taken to Hinduja Hospital, where he breathed his last. This is a huge loss for our industry.” Ashoke Pandit also shared the actor’s home address on social media.
Satish Shah was born into a Gujarati family. He was a face of television and cinema that brought laughter and laughter. He distinguished himself with his unparalleled acting. Whether it was a small role on TV or a major role on screen, he played them with full dedication.
Shah began his career in 1970 with the film “Bhagwan Parshuram,” but the film failed to bring him recognition. He then appeared in Arvind Desai’s 1978 film “Ajeeb Dastaan.” His role in this film was small, followed by the 1983 film “Jaane Bhi Do Yaaron,” which proved to be a milestone in his career.
Satish Shah was last seen in the film “Humshakals,” which was released in 2014. The film starred Saif Ali Khan, Riteish Deshmukh, and Ram Kapoor in lead roles. The actor played a small supporting role in the film. The film was directed by Sajid Khan and didn’t perform well on screen.
In his personal life, Satish Shah was a very simple person. He didn’t like attending parties and preferred home-cooked food. In an interview, the actor revealed, “I am one of the few people who loves home-cooked food, and the food at my home is as good as any party food.”
Crime
Rave party serving liquor in dry-state Gujarat raided; 15 detained

Ahmedabad, Oct 25: Police raided a rave party in Gujarat’s Ahmedabad, leading to the detention of 15 people who were consuming alcohol in the dry state.
The Bopal Police acted after receiving a tip-off about the party at Zephyr Farmhouse near Shilaj, where both liquor and drugs were reportedly being used.
Upon reaching the venue, police found 15 individuals, including 13 foreign nationals from Nigeria, Mozambique, Kenya, and other African countries, alongside two Indians, intoxicated.
Investigations revealed that the organisers had printed special passes for the party, advertising “unlimited alcohol”, showing the scale and planning behind the event.
All 15 attendees have been detained, a case has been registered, and further inquiries are underway to identify the main organisers, the farmhouse owner, and the source of the liquor in a state where alcohol is banned.
Gujarat has maintained a strict prohibition on alcohol since 1960 under the Gujarat Prohibition Act, 1949, which bans the sale, consumption, and manufacture of liquor across the state.
The law applies to all forms of alcoholic beverages, including Indian-made foreign liquor (IMFL), country-made liquor, and spirits. Exceptions exist only for medicinal, industrial, and export purposes, subject to government permission. Violations of the Act carry severe penalties, including imprisonment, fines, and seizure of property involved in the illegal trade.
Despite Gujarat’s strict prohibition laws, the illegal liquor trade remains a significant issue.
In 2024, authorities seized approximately 82 lakh bottles of liquor valued at Rs 144 crore across the state. Ahmedabad alone accounted for over 4.38 lakh bottles, with 2,139 cases involving IMFL and 7,796 cases related to country-made liquor. Notably, the State Monitoring Cell (SMC) registered 455 cases, confiscating liquor worth Rs 22.5 crore and total items valued at nearly Rs 52 crore.
In a significant operation, the SMC seized over 8,500 bottles of foreign-made liquor worth Rs 1.19 crore in Chotila taluka, Surendranagar.
Additionally, in a mid-sea raid off Una, Rajkot, authorities intercepted a boat carrying liquor worth Rs 25 lakh.
These seizures reflect ongoing efforts to combat the illegal liquor trade, which often involves smuggling from neighbouring states like Maharashtra and Madhya Pradesh.
Crime
Police arrest accused Prashant Bankar in Maharashtra doctor’s suicide case

New Delhi, Oct 25: Police in Maharashtra’s Satara district arrested one accused on Saturday in connection with the death of a female doctor who allegedly committed suicide after being repeatedly raped by a police officer and being pressurised by an MP to falsify medical reports of accused in cases.
According to officials, the arrested person has been identified as Prashant Bankar, the son of the doctor’s landlord whose name was mentioned in her four-page suicide note.
The deceased doctor, a native of Beed district, was posted as a medical officer at a government hospital in Phaltan, Satara. On Thursday night, she was found hanging in a hotel room under mysterious circumstances. Shockingly, she had written a suicide note on her palm, naming Sub-Inspector Gopal Badane and Prashant Bankar, accusing the police officer of rape and Prashant of mental harassment.
After Prashant’s arrest, police said he will be produced before the court and his custody will be sought for further investigation. Meanwhile, Sub-Inspector Badane has been suspended, and a detailed enquiry is underway. Both accused have been booked at the Phaltan Police Station. Satara SP Tushar Doshi confirmed that the rape allegations and Prashant’s role are being thoroughly investigated.
The female doctor who allegedly committed suicide left behind a detailed four-page suicide note apart from the inked note on the palm of her hand, stating that a police officer raped her four times and exerted pressure on her to issue fake fitness certificates for accused persons in police cases. It has now emerged in her note that she was allegedly under pressure not only from police officials but also from a Member of Parliament (MP) and his personal assistants.
The woman doctor, who worked as a medical officer at the Phaltan sub-district hospital, wrote on her palm that she had been raped four times by Sub-Inspector Gopal Badane and subjected to mental and physical abuse for over five months.
Originally from Beed district, the doctor had been working at the hospital for 23 months.
Gopal Badane is a police officer, while Prashant Bankar is the son of the landlord in the house where the doctor lived.
She had complained 21 times to various authorities, but no action was taken against her tormentors.
Recounting a particular instance in her note, the doctor said she had refused to issue a certificate and two personal assistants of an MP had come to the hospital and made her speak to him over the phone. She stated in her note that during that conversation, the MP had threatened her indirectly.
Her cousin also made similar allegations about the doctor being made to falsify medical certificates.
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