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PNB scam CBI seeks narco tests on accused Shetty


first_imgMumbai: The CBI on Wednesday urged a special court here to grant permission to conduct polygraph and narco analysis tests on Gokulnath Shetty, a former Punjab National Bank official and key conspirator in the multi-crore fraud case in which diamond merchants Nirav Modi and his uncle Mehul Choksi are the prime accused. Shetty, who is alleged to have played a key role in the Rs 13,700-crore loan fraud while working as the deputy manager at PNB’s Brady House branch in Mumbai, was arrested in March last year. In the application moved before special CBI court judge J C Jagdale, the central investigating agency said it needs to know about the “pecuniary benefits” received by the accused. “The assets and quid pro quo revealed so far during the investigation is minuscule as compared to the quantum of the fraud or Rs 7080.86 crore. In order to ascertain his (Shetty’s) other motives and details of undue pecuniary advantage obtained by him, as one of the main conspirators, it is very much essential to conduct polygraph test and narco analysis test,” reads the application filed by the CBI. The court will hear the plea on August 14. Also Read – Uddhav bats for ‘Sena CM’The polygraph or a lie detector test is conducted using a device or procedure that measures and records several physiological indicators such as blood pressure, pulse, respiration, and skin conductivity while a person is asked and answers a series of questions. In the narco analysis test, a person is put in a semi-conscious condition in which imagination is neutralised, thus making it difficult to lie. The Anti-Corruption wing of the CBI had booked Shetty and his wife Ashalata for allegedly amassing a large number of movable and immovable properties during the period between April 1, 2011 and May 31, 2017, the day he retired.last_img read more


3D Printed Holiday Ornaments Why Not


first_img It’s not every year that advanced manufacturing geeks can get jazzed about decorating for the holidays.But MakerBot is bringing together the world of 3-D printers and interior decorating. The New York City-based 3-D printer manufacturer has launched a contest for designs of 3-D-printed holiday ornaments.The contest is co-sponsored by Studio 360, a public radio show hosted by Kurt Anderson. If the winner of the ornament contest is in the U.S., he or she will get a $1000 voucher to travel to New York City and participate in a live Studio 360 with Kurt Anderson event on Dec. 17 with the CEO of MakerBot, Bre Pettis. If the winner is located outside the U.S., then the winner will participate in the Dec. 17 event through Skype.Related: Need a Prototype? 3-D Printers Coming to UPS Stores“Ornaments are always fun to create and often have special meaning to individuals and families, so it will be awesome to create some favorite holiday ornaments or design new ones that can be shared on Thingiverse and 3-D printed to give to family and friends,” Pettis said in a statement.A winner will be selected based on the originality of the design, the appropriateness of the holiday theme and the viability for the design to be made with a 3-D printer.Submit your design and see other ornaments on the MakerBot website here.Related: Intel’s Futurist: We’ll Soon Be Living In Computers 2 min read Enroll Now for Free Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Nowcenter_img This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. November 27, 2013last_img read more


Google to acquire cloud data migration startup Alooma


first_imgOn Tuesday, Google announced its plans to acquire cloud migration company Alooma, which helps other companies move their data from multiple sources into a single data warehouse. Alooma not only provides services to help with migrating to the cloud but also helps in cleaning up this data and then using it for Artificial Intelligence and machine learning use cases. Google Cloud’s blog states that “ The addition of Alooma, subject to closing conditions, is a natural fit that allows us to offer customers a streamlined, automated migration experience to Google Cloud, and give them access to our full range of database services, from managed open source database offerings to solutions like Cloud Spanner and Cloud Bigtable” The financial details of the deal haven’t been released yet. In early 2016, Alooma raised about $15 million, including an $11.2 million Series A round led by Lightspeed Venture Partners and Sequoia Capital. Aloomas’ blog states that “Joining Google Cloud will bring us one step closer to delivering a full self-service database migration experience bolstered by the power of their cloud technology, including analytics, security, AI, and machine learning” In a statement to TechCrunch, Google says “Regarding supporting competitors, yes, the existing Alooma product will continue to support other cloud providers. We will only be accepting new customers that are migrating data to Google Cloud Platform, but existing customers will continue to have access to other cloud providers.” This means that, after the deal is closed, Alooma will not accept any new customers who want to migrate data to any competitors–for instance, Amazon’s Azure. Those who use Alooma in combination with AWS, Azure and other non-Google services will likely start looking for other solutions. Read Next Microsoft acquires Citus Data with plans to create a ‘Best Postgres Experience’ Autodesk acquires PlanGrid for $875 million, to digitize and automate construction workflows GitHub acquires Spectrum, a community-centric conversational platformlast_img read more




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