RBI asks banks to not destroy CCTV recordings of demonetisation interval



The RBI on Tuesday requested banks to protect the CCTV recordings of their branches and foreign money chests from November 8, 2016, to December 30, 2016, until additional orders with a view to aiding the enforcement companies to take actions in opposition to individuals concerned in unlawful actions in the course of the demonetisation interval.


The federal government had demonetised the then in circulation excessive worth foreign money notes of Rs 500 and Rs 1,000 on November 8, 2016, with an goal to verify blackmoney and curb terror funding. As a part of the train, the federal government gave the chance to the folks to change junked foreign money notes (referred as Specified Financial institution Notes) or deposit them of their financial institution accounts.





New foreign money notes of Rs 500 and Rs 2,000 denominations have been additionally issued after withdrawal of SBNs. Enormous crowds have been witnessed at financial institution branches throughout the nation for exchanging or depositing the demonetised foreign money.


On the idea of varied inputs, the investigative companies additionally began probing issues regarding unlawful accumulation of latest foreign money notes.

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On day 1 of ‘unlock’, patrons give Delhi and Mumbai markets a miss



For the reason that Delhi chief minister introduced unlocking measures over the weekend, Bharat Ahuja has spent most of his time in and round his store at Bhagirath Palace – one of many largest buying and selling hubs for electrical items within the nation. Ahuja, who presides over the Delhi Electrical Merchants’ Affiliation (DETA), has not too long ago recovered from Covid-19. However that has not stopped him from negotiating the congested lanes of Chandni Chowk within the walled metropolis of Delhi since Sunday afternoon, overseeing the work to mark all enterprise retailers within the space with odd-even indicators.


It was a tough job. With over 4,100 retailers in dozens of labyrinthine lanes and obscure alleys, Ahuja and his group may solely handle to complete numbering the bottom flooring retailers by Monday night, leaving the remainder for the subsequent day.


Like Delhi’s different enterprise hubs, the Chandni Chowk market was additionally shut for over one-and-a-half months, however since Monday morning a big part of merchants confirmed as much as carry their shutters. And a large sanitisation drive was organised earlier than enterprise may resume. However what remained lacking was the flock of patrons

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DOJ Recovers Tens of millions In Bitcoin After Colonial Pipeline Ransom

One month after Colonial Pipeline realized its system had been breached and paid hundreds of thousands to hackers, federal officers introduced they’ve recovered $2.3 million of the ransom paid on account of the cyberattack.

On Monday, the Division of Justice revealed investigators had been capable of get better nearly 64 bitcoin cryptocurrencies. On the time of the ransom, Colonial Pipeline CEO Joseph Blount informed the Wall Avenue Journal his firm paid hackers $4.4 million, which is equal to about 75 bitcoin.

Atlanta-based Colonial Pipeline supplies about 45% of the gas for the East Coast. The cyberattack resulted in gas shortages and rising fuel costs. Colonial Pipeline was shut down for six days earlier than it recovered from the ransomware assault and resumed operations.

Stephanie Hinds, the performing U.S. legal professional for the Northern District of California, appeared content material with the work of investigation and the portion of the ransom that was recovered.

“The extortionists won’t ever see this cash,” Hinds stated in an announcement. “This case demonstrates our resolve to develop strategies to stop evildoers from changing new strategies of fee into instruments and extortion for undeserved earnings.”

The DOJ and FBI labored collectively to get better the ransom

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