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.
National News
India negates Pak drone/missile attack on over 15 places, knocks out Lahore air defence system

New Delhi, May 8: In a significant operation, India on Thursday morning targeted the Air Defence Radars and systems at a number of locations in Pakistan, during which the one at Lahore has been neutralised, said the government in a statement.
On the night of May 7-8, Pakistan attempted to engage a number of military targets in Northern and Western India, including Awantipura, Srinagar, Jammu, Pathankot, Amritsar, Kapurthala, Jalandhar, Ludhiana, Adampur, Bhatinda, Chandigarh, Nal, Phalodi, Uttarlai, and Bhuj, using drones and missiles.
These drones and missiles were neutralised by the Integrated Counter UAS Grid and Air Defence systems. “The debris of these attacks is now being recovered from a number of locations that prove the Pakistani attacks,” said the release.
Following this, India launched a major strike and targeted Pakistan’s Air Defence Radars and systems at several locations.
“The Indian response has been in the same domain with the same intensity as Pakistan. It has been reliably learnt that an Air Defence system at Lahore has been neutralised,” the government statement read..
Pakistan has increased the intensity of its unprovoked firing across the Line of Control using mortars and heavy-calibre Artillery in areas in Kupwara, Baramulla, Uri, Poonch, Mendhar and Rajouri sectors in Jammu and Kashmir.
The government said that India was compelled to take the action in view of Pakistan’s unprovoked heavy shelling across the Line of Control (LoC) in Jammu and Kashmir. In the firing by the Pakistan Army, 16 lives have been lost so far.
“Sixteen innocent lives have been lost, including three women and five children, due to Pakistani firing. Here too, India was compelled to respond to bring Mortar and Artillery fire from Pakistan to a halt,” said the release.
The Indian Armed Forces have reiterated their commitment to non-escalation, provided the same is respected by the Pakistani military.
During the Press Briefing on Operation Sindoor on May 7, India had called its response as focused, measured and non-escalatory.
It was specifically mentioned that Pakistani military establishments had not been targeted. It was also reiterated that any attack on military targets in India will invite a suitable response.
National News
Abdul Rauf Azhar, Masood Azhar’s Brother & Kandhar IC-814 Hijack Mastermind Critically Injured In Operation Sindoor: Reports

Jaish-e-Mohammed (JeM) chief Masood Azhar’s brother, Abdul Rauf Azhar, was critically injured in Indian airstrikes carried out under Operation Sindoor in Pakistan’s Bahawalpur, according to reports.
Abdul Rauf Azhar, who is also the terror group’s second-in-command and played a role in the Kandahar IC-814 hijacking and various other terrorist activities in India, is currently undergoing treatment at a Pakistani military hospital, the sources added.
The reports about Rauf Azhar come after the JeM chief confirmed in a statement that 14 members of his family and four close aides were killed in the Indian strikes.
Among those killed in the Indian strikes were Azhar’s elder sister, her husband, his nephew and his wife, another niece, and five children, along with Azhar’s mother and three key aides, as per reports.
Meanwhile, amid reports suggesting drone strikes in Pakistani cities, Union Defence Minister Rajnath Singh reportedly told political leaders during the all-party meeting in Delhi that Operation Sindoor is still ongoing.
Separately, the Prime Minister chaired a high-level meeting on Thursday with secretaries of various ministries and departments to review national preparedness and inter-ministerial coordination in light of recent developments concerning national security.
Prime Minister Modi stressed the need for seamless coordination among ministries and agencies to uphold operational continuity and institutional resilience. He also reviewed the planning and preparations by ministries to deal with the current situation, the Prime Minister’s Office (PMO) said in a statement.
National News
Govt debunks claims of Indian UAV drone shot in Pakistan, shares evidence

New Delhi, May 8: After India launched its most expansive cross-border strikes on terror bases in Pakistan-occupied Kashmir (PoK) and Pakistan, a flood of misinformation and false propaganda is being peddled from across the border by influencers, media, as well as government-sponsored social media handles.
The latest lie being peddled by Pakistani handles is the interception of an Indian Unmanned Aerial Vehicle (UAV) in Pakistan’s Gujranwala region and subsequently shot down by the Pakistan Army.
This comes a day after the Indian Army launched multiple cross-border strikes via niche weapons, including drones, missiles and guided bombs to dismantle terror networks and infrastructure.
Press Information Bureau (PIB), the government’s nodal agency for disseminating information, has fact-checked the fake and baseless narrative being spread by Pakistani handles, pertaining to the drone being intercepted in Gujaranwala.
“The image being circulated is from the Ukraine-Russia conflict in 2022,” informed the PIB on X and also shared a weblink to ascertain the source of the image.
Earlier in the day, the PIB debunked another false narrative by Pakistani media, which claimed that Pakistan has retaliated to Indian military strikes and in response, has hit a military base in Amritsar. A video of an inferno was also shared along with this to corroborate this claim.
The PIB was, however, quick to dig deep and expose the mischievous agenda of Pakistan.
The video was found to be of a wildfire.
“Pakistan-based handles are spreading old videos falsely alleging strikes on a military base in Amritsar. The video being shared is from a wildfire from 2024,” it said and also urged the public to rely only on official sources from the Government of India for accurate information.
Several images and videos shared by Pakistani sources have been either digitally altered or lifted from unrelated incidents, often years old, and repurposed to suggest a fabricated narrative of retaliation and military prowess. Even influential political figures are sharing discredited material and making unsubstantiated claims of victorious counterstrikes.
India’s strikes inside the neighbouring nation have clearly left it rattled and agitated, however, India has maintained that they were ‘measured, calibrated and non-escalatory’.
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