logo
Liquor scam: YSRCP MP Midhun Reddy appears before SIT

Liquor scam: YSRCP MP Midhun Reddy appears before SIT

News18a day ago
Amaravati, Jul 19 (PTI) Rajampeta LS member PV Midhun Reddy on Saturday appeared before the Special Investigation Team probing the alleged Rs 3,200-crore liquor scam during the previous YSRCP regime.
The YSRCP leader arrived in Vijayawada to attend the probe and his questioning comes in the wake of the arrest of other accused persons–Dhanunjay Reddy, Krishna Mohan Reddy and Balaji Govindappa.
The opposition party slammed Chief Minister N Chandrababu Naidu for allegedly indulging in vindictive behaviour and foisting 'false' cases against people close to YSRCP supremo YS Jagan Mohan Reddy.
The case against Mithun Reddy is part of a larger vindictive conspiracy to arrest people who are in close proximity to the party leadership, said senior YSRCP leader Malladi Vishnu in a party release.
'But we will bounce back to call the bluff of Chandrababu Naidu," he said, adding that the more vindictive the actions of the Naidu government, the stronger YSRCP's resolve becomes to fight back and expose the 'failures and corruption' of the coalition government.
'I am confident that justice will prevail and that the judiciary will act fairly. His decision to attend the inquiry shows his determination to prove his innocence and his respect for the rule of law," Reddy told PTI Videos. PTI STH KH
view comments
First Published:
July 19, 2025, 16:45 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CoinDCX hit by $44.2 mn security breach; founders say customer funds unaffected, safe
CoinDCX hit by $44.2 mn security breach; founders say customer funds unaffected, safe

The Hindu

time9 minutes ago

  • The Hindu

CoinDCX hit by $44.2 mn security breach; founders say customer funds unaffected, safe

Indian cryptocurrency exchange CoinDCX has suffered a security breach, resulting in theft of $44.2 million, or ₹378 crore, even as the founders took to X to reassure that customer funds remained unaffected and safe, with the compromise limited to an internal operational account. The total exposure is being absorbed entirely by CoinDCX, using the company's treasury reserves, the company said in a First Incident Report released on Sunday. According to the report, on July 19, at 4 a.m., CoinDCX security systems detected an incident involving unauthorised access to one of its accounts on the partner exchange, leading to a financial exposure of about $44 million. The incident once again puts the spotlight on mounting security threats in the highly volatile world of cryptocurrencies. Last year, crypto exchange WazirX faced a hack in India, leading to the loss of more than $230 million, and marking one of the biggest such heists in India. The theft had prompted a thorough examination of safety measures and eroded sentiments. CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal took to the social media platform X to address the situation, confirming that the attack was the result of a sophisticated server breach, targeting an internal wallet, not the ones holding customer assets. The incident was first flagged by blockchain investigator ZachXBT, following which the exchange made the disclosure public. "Today, one of our internal operational accounts -- used only for liquidity provisioning on a partner exchange -- was compromised due to a sophisticated server breach. I confirm that the CoinDCX wallets used to store customer assets are not impacted and are completely safe. This won't cause any loss to our customers. CoinDCX will be bearing the full amount," Mr. Gupta said. "The total amount lost was USD 44Mn out of our treasury assets. Coindcx Treasury will be bearing these losses," Mr. Khandelwal wrote. Following this, users rushed to check their balances, leading to a spike in withdrawal requests. The sudden surge in activity led to CoinDCX's portfolio APIs, which display user balances and transaction histories, becoming jammed and unresponsive. For several hours, many were unable to even see their holdings on the app, adding fuel to rumours and anxiety online. The co-founders later updated that Portfolio APIs have been restored. Affected infrastructure has been completely isolated, and CoinDCX operations continue to run normally, the company said. CERT-In, or the Indian Computer Emergency Response Team, has been informed about the incident. Detailed forensics with two globally reputed security agencies is being carried out, and reports will be shared for public benefit, it added. "CoinDCX services remain fully operational. Trading activity, INR deposits and INR withdrawals continue. INR withdrawals below Rs 5 lakhs will reflect in your account within 5 hours, while withdrawals above Rs 5 lakhs will be processed within 72 hours. The incident was isolated and has no impact on your portfolio access or operations," the company stated. Social media is flooded with mixed reactions. While some praised CoinDCX for absorbing the losses and protecting user funds, others criticised the delay in public disclosure and raised concerns over the broader security of crypto platforms in India. "Coindcx silent for 17 hours? That's more suspense than a thriller! In crypto, transparency isn't optional; it's key. Stay open to keep trust alive!" a user wrote. "Good to see CoinDCX acting responsibly, assuring user funds are safe, and not passing losses onto customers. Sets a positive precedent for Indian crypto exchanges," another said.

How illegal factories in MP, UP fuel gun trade & culture in NCR
How illegal factories in MP, UP fuel gun trade & culture in NCR

Time of India

time23 minutes ago

  • Time of India

How illegal factories in MP, UP fuel gun trade & culture in NCR

Gurgaon: During the last 18 months, police have seized over 370 weapons from gangsters or criminals, out of which 222 pistols were manufactured in Madhya Pradesh and 148 country-made pistols were produced in Uttar Pradesh. These recoveries were made from Jan 2024 till June 2025. In fact, pistol and country-made pistols (katta) — manufactured at several illegal firearms factories in MP and UP respectively — are being supplied to gangs in NCR. Pistols are priced between Rs 15,000 and Rs 1 lakh, while country-made pistols are available for Rs 5,000 to Rs 10,000. According to police, gangsters, based abroad, supplied arms to their members in India. Many youngsters, attracted to gang culture, purchased these weapons through social media platforms and WhatsApp groups. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon 370 and counting Gurgaon police — from Jan 2024 till June 2025 — seized 370 illegal firearms that were manufactured in MP and UP. Police arrested 235 accused and recovered approximately 250 weapons across 198 cases last year. From Jan to June this year, authorities recovered 120 weapons in 95 cases and apprehended 127 accused. Snatchers, robbers and those individuals who are involved in petty crimes possess these weapons, police said. Recently, a crime branch team from the city recently recovered illegal firearms from members of the gangster Lipin Nehra's group. Nehra, who is believed to be in the US, is a close associate of gangster Lawrence Bishnoi and faces over 20 criminal cases, including murder, says a senior police officer. The officer said Nehra had supplied pistols manufactured in Madhya Pradesh to his gang and directed them to eliminate a rival gang member. However, police arrested two men in possession of illegal pistols allegedly supplied by Nehra. "The arrested duo received the weapons from unidentified persons sent by their gang leader for the task. Many efforts have been made to zero in on these illegal factories operating in MP but the business continues to flourish," the senior officer. Another officer said illegal pistols are readily available in various parts of Madhya Pradesh, such as Burhanpur, Khargone, Dhar and Khandwa. "A Sikligar community in MP makes these weapons for their livelihood. They buy iron rods in bulk from scrap and then mould them into weapons. Many arms factories are operating there in the residential area too. Local police shield them if we try to nab them," the officer said. The situation is similar in Uttar Pradesh, where illegal firearm factories are active in regions including Meerut, Aligarh, Sambhal and Ghaziabad. UP Police, in collaboration with the STF, seized 300 guns and 50,000 bullets from an illegal factory operating in Mirzaganj, Lucknow last month.

Indonesian Ferry Engulfed in Flames: Hundreds Evacuated, At Least 5 Dead Near Sulawesi
Indonesian Ferry Engulfed in Flames: Hundreds Evacuated, At Least 5 Dead Near Sulawesi

News18

time37 minutes ago

  • News18

Indonesian Ferry Engulfed in Flames: Hundreds Evacuated, At Least 5 Dead Near Sulawesi

A passenger ferry identified as the KM Barcelona V plunged into chaos off Sulawesi on July 20, sending hundreds into the sea as flames and black smoke engulfed the vessel near Talisei Island. At least 5 people, including a pregnant woman, died; 284 passengers and crew were rescued by navy ships and local fishermen. The exact total onboard remains unclear. Authorities are investigating the cause amid growing concern over Indonesia's lax maritime safety. News18 Mobile App -

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store