Suspect wanted in India over major racket hiding in Sri Lanka

The racket was busted on February 14, but money continued to flow to Gopi Krishna, police said, adding they would further question Satish and Umapathi, held earlier.The Police had seized 13 luxury cars, including a BMW, an Audi, a Benz and a Honda, from some of the suspects.Inquiries revealed they had a table permanently reserved for them at a casino in Colombo, Sri Lanka and gambled away the ill-gotten wealth. So far, 11 suspects have been and about 60 bank accounts in the city and other places frozen. A suspect wanted in India over a major is said to be hiding in Sri Lanka, Indian media reports said.The Indian bank fraud wing arrested four more suspects who were part of the gang that floated fake BPO firms and cheated many of huge sums of money, promising them loans at low interest. Those arrested on Saturday — Vijay Krishnan, 55, his wife V Meenakshi, 52, their daughter V Nalini, 33, and 43-year-old Mohanakrishnan — are either partners or directors of the fake BPO firms floated by the gang.Police seized 2-3 PAN cards from the suspects who used fictitious names to obtain them and start bank accounts . They also seized 10 sovereigns of gold jewellery and some documents. The Times of India reported that the prime suspect, Gopi Krishna, is believed to be holed up in Sri Lanka. Gopi Krishna was a member of the casino where one had to shell out Indian Rs 1 crore to book a table, a police officer said. (Colombo Gazette) read more

Imminent 5G in South Africa in 2018 will help boost mining digitalisation

first_imgEricsson and MTN recently announced that the first 5G trial in South Africa is to start in the first quarter of 2018. The two companies signed a memorandum of understanding (MoU) last November at AfricaCom 2017 to collaborate on the rollout of 5G technologies in South Africa, one of the first in Africa.Ericsson provides end-to-end 5G capabilities in support of MTN South Africa’s growth, 5G and enterprise monetisation ambitions. MTN will trial a range of 5G use cases and applications in its Test Bed (laboratory) proof of concept in South Africa, leading to commercial deployment in the future.MTN and Ericsson will collaborate to demonstrate the true potential of 5G in South Africa. Together they will identify 5G use cases and applications for the digital transformation of industry verticals such as mining.“5G gives us the opportunity to rethink our business and address previously untapped value chains. The new technology opens up new opportunities in new ecosystems,” says Giovanni Chiarelli, CTIO, MTN South Africa.“In collaboration with Ericsson, we are continuously testing, learning and pushing the boundaries of how 5G can meet the diverse needs of our customers in the future. We’re developing 5G technology based on real business needs,” he says.“Not only does Ericsson have the most signed telecom operator MoUs in the industry, but we are now the first to launch a 5G initiative with MTN in Africa,” says Seckin Arikan, Vice President and Head of Global Customer Unit MTN at Ericsson Middle East and Africa.“This supports our strategy of delivering next-generation mobile broadband, cloud and providing support for massive Internet of Things (IoT) deployment. This initiative also enables new industry use cases thanks to increased throughput and reduced latency,” he adds.last_img read more