Breaking News HIGHLIGHTS: Delhi Reports 440 New Covid-19 Cases & 2 Deaths In Last 24 Hours
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Wearing masks will not be mandatory for people in Delhi travelling in private four wheelers, the Delhi government said as it lifted all Covid restrictions in the national capital. The new rules will be applicable in Delhi from Monday.
Union Minister Mansukh Mandaviya launches the National Polio Immunization Drive for 2022 by administering polio drops to children below five years of age in the Ministry of Health and Family Welfare today.
Image: PIB
Jammu–Srinagar National Highway closed for vehicular movement due to landslides, boulders at many places on NHW, and snow accumulation around the NAVYUG Tunnel: Traffic Police, J&K
(Image: ANI)
India reports 11,499 fresh COVID 19 cases, 23,598 recoveries, and 255 deaths in the last 24 hours.
Active case: 1,21,881 (0.28%)
Daily positivity rate: 1.01%
Total recoveries: 4,22,70,482
Death toll: 5,13,481
Total vaccination: 1,77,17,68,379
Taking to Twitter, Adityanath said, "On the third anniversary of 'Balakot Air Strike', salute to the extraordinary valour of 'Indian Air Force'. This valour of our soldiers is that indelible blow on the chest of the terrorists living on enemy soil, which will always be remembered with pride. Jai Hind! @IAF_MCC."
Washington, Feb 26 (PTI) The founder of cryptocurrency investment platform BitConnect, an Indian national, has been indicted on charges of orchestrating a global Ponzi scheme worth USD 2.4 billion, federal prosecutors said.
According to court documents, Satish Kumbhani (36) of Hemal in Gujarat misled investors about BitConnect's "Lending Program." BitConnect reached a peak market capitalisation of USD 3.4 billion, the Department of Justice said.
"This indictment alleges a massive cryptocurrency scheme that defrauded investors of more than USD 2 billion," U.S. Attorney Randy Grossman for the Southern District of California said on Friday.
Kumbhani is charged with conspiracy to commit wire fraud and price manipulation, operation of an unlicensed money transmitting business and conspiracy to commit international money laundering. If convicted of all counts, he faces a maximum total penalty of 70 years in prison.
Under the "Lending Program", Kumbhani, who is at large, and his co-conspirators touted BitConnect's purported proprietary technology, "BitConnect Trading Bot" and "Volatility Software", as being able to generate substantial profits. They guaranteed returns by using investors' money to trade on the volatility of cryptocurrency exchange markets.
As alleged in the indictment, BitConnect operated as a Ponzi scheme by paying earlier BitConnect investors with money from later investors. In total, Kumbhani and his co-conspirators obtained approximately USD 2.4 billion from investors.
The indictment, which was returned by a federal grand jury in San Diego, alleges that after operating for approximately one year, Kumbhani abruptly shut down the "Lending Program". He then directed his network of promoters to fraudulently manipulate and prop up the price of BitConnect's digital currency, BitConnect Coin (BCC), to create the false appearance of legitimate market demand for it.
Kumbhani and his co-conspirators also concealed the location and control of the fraud proceeds obtained from investors by commingling, cycling, and exchanging the funds through BitConnect's cluster of cryptocurrency wallets and various internationally based cryptocurrency exchanges, the Department of Justice alleged.
Kumbhani further evaded US regulations governing the financial industry, including those enforced by the Financial Crimes Enforcement Network (FinCEN). For example, although BitConnect operated a money transmitting business through its digital currency exchange, BitConnect never registered with FinCEN, as required under the Bank Secrecy Act.
Background
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Today is the third anniversary of the Balakot airstrikes. On February 14, Pakistan-based terror outfit Jaish-e-Mohammad (JeM) targeted a CRPF convoy on the Jammu-Srinagar highway near Pulwama in South Kashmir killing 40 CPRF personnel. Days later, IAF launched an airstrike on a JeM camp in Balakot in Pakistan's Khyber Pakhtunkhwa Province. The airstrike was launched in the early hours of February 26 and Pakistan's efforts to launch an offensive the next day to target Indian military installations in Jammu and Kashmir were thwarted by an alert IAF.
A meeting of the Gupkar alliance is going to be held in Srinagar today weeks after the Delimitation Commission presented its interim report. This will be the first meeting of the alliance in which the political situation in the state, the proposal of the Delimitation Commission, and the possible elections and the situation in the state will be discussed.
The meeting is expected to take place at PDP President Mehbooba Mufti's residence.
In Jammu and Kashmir, all mainstream parties, except the BJP, have rejected the draft resolution of the Delimitation Commission, saying the commission has not followed the criteria set by itself for the exercise. National Conference MPs are associate members of the Delimitation Commission. Raising questions on the basis of the delimitation exercise, NC said that the Jammu and Kashmir Reorganization Act has been challenged in the Supreme Court.
Defense Minister Rajnath Singh is set to attend the 98th Convocation of Delhi University as Chief Guest - Delhi University has organised its 98th Convocation today. Defense Minister Rajnath Singh will attend the event as the chief guest. Delhi University Vice-Chancellor Professor Yogesh Singh will preside over the programme. Notably, at its 97th convocation last year, the university had become the first institution in the country to confer "digital degrees" to 1,78,719 students.
Army Chief General MM Naravane will inaugurate 'Design Week' on Defence, Aeronautical Sector by Karnavati University on the theme of Design and Innovation in Defense and Aeronautical Sector do. The university is organising the third edition of the 'Design Week' on the theme Design and Innovation in Defense and Aeronautics which is in line with the Centre's mission of achieving India's self-reliance in defense manufacturing, the official release said. Karnavati University President Ritesh Hada said that the event will be an opportunity to encourage innovators to explore possibilities in the defense sector. Along with General Naravane, Director General-Technology Management, Defense Research and Development Organization (DRDO) Hari Babu Srivastava will also be present at the inauguration ceremony.
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