K’taka police bust fake surrogacy racket, rescue 11 children; 5 arrested


Bengaluru, Oct 6 | The Karnataka police have busted a fake surrogacy racket selling children to childless people, by claiming that they are born of surrogate mothers in Bengaluru on Wednesday.

The accused were identified as Devi Shanmuga, Mahesh Kumar, Rajana Deviprasad, Janardhan aka Janarthan and Dhanalakshmi. The kingpin of the racket Ratna died after contracting coronavirus.

The police have traced 11 kids and it is suspected that the accused have sold 18 more children. They allegedly charged Rs 2 to Rs 3 lakh per child and got the money in instalments from the people who were given the child.

DCP (South) Harish Pande explained that the police got a breakthrough in busting the racket after they found out 28 mothers’ cards were issued to pregnant and lactating mothers from the house of one of the accused persons. “At that point, we did not know that the mother’s card was fake or belonged to original mothers. The police department tracked 11 kids one by one. Mother’s card was manipulated to show parents who bought the children as biological parents,” he stated.

A nurse and compounder of a private nursing home were involved in this racket and they issued the mothers’ cards with fake signatures. The accused sold the kids in various districts in Karnataka. The police are also booking the fathers who sold their kids to the accused persons. However, the people who bought the kids are not being booked, the official said.

“We have arrested the middlemen and woman. The department needs to trace and identify a few more children. Some of the people who are presently bringing up the children are willing to adopt them. However, the Child Welfare Committee has to give official orders,” he said.

The surveillance cameras have shown the movements of the accused in various hospitals in Bengaluru. They would visit hospitals and make offers of money to gullible and poor parents to sell their newborn babies. They also collected information about parents who are getting treatment at fertility centres. They had access to the contact numbers and approached them with the offer of surrogacy, he said.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India


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