Business

Two persons from Hyderabad, Khagesh Kachhwal and Varanasi Dileef, were arrested by the Enforcement Directorate (ED) authorities for allegedly aiding and abetting money launderers accused of involvement in bank fraud cases. The ED took up investigation into a money laundering case based on a First Information Report issued by Central Bureau of Investigation’s Chennai branch against a company called RE Cables and Conductors Private Limited (RECC). The charge against RECC was that it had misappropriated loan secured from State Bank of India causing ₹74.83 crore loss to the latter. According to ED officials, the arrested duo allegedly had number of shell entities under their control. The RECC company created several Letters of Credit (LCs) on the names of shell companies operated by the arrested persons under the guise of short term advance using bogus documents. Actually, no materials or goods were supplied against the LCs by RECC. Later, the LCs were discounted with a known bank. … [Read more...] about ED arrests two Hyderabadis for abetting bank fraud accused

Two years after President Donald Trump filled its ranks with conservatives, the US Supreme Court has engineered a sharp turn in US constitutional law that could have a profound effect on American life for decades. Key decisions that rescinded abortion rights, permit Americans to tote their guns freely in public, expand religion in schools, remove voting rights protections, and impede the government’s ability to set controls on greenhouse gases, have turned long-accepted rules of justice on their heads. With a 6-3 majority on the bench, the conservatives led by Chief Justice John Roberts represent a mighty swing of the judicial pendulum from decades of a modestly progressive course. Politically, the Roberts court is effectively payback by the Republican right, which has since the 1970s endeavored to claim control of the high court to reverse key decisions they view as excessive. But analysts say the just-closed annual court season has revealed a set of judges more hard-line than … [Read more...] about Like None Other: Profound Impact of Conservative US Supreme Court

Badminton Association of India secretary Sanjay Mishra has assured players and parents that the association will not tolerate any age-fudging and would take strict action against those found guilty. Mishra flew down to Mohali on Saturday to personally interact with parents during the All India U-13 Ranking tournament and spent about an hour hearing the grievances of the parents who were protesting against a bunch of players whom they claimed were overage. After the meeting, Mishra assured them that the BAI ids of the two players, who were found guilty of submitting questionable documents during registration, would be cancelled while a detailed investigation would be carried out against other players named by the parents. ALSO READ | Two Players’ IDs Deactivated by BAI Due to Age-fraud in U-13 Event “Further appropriate action would be taken on those found guilty after the Age-Fraud Committee meeting to decide the quantum of action,” Mishra said in a release. There was … [Read more...] about Badminton Association of India Assures Strict Action against Age-fudging

Hong Ki-yong The author is a professor of business administration at Incheon National University and president of the Korean Taxpayers Union. Presidential candidates are presenting an endless series of hefty promises in their campaigns for the March 9 election. Most of their pledges call for a budget far exceeding the 333-trillion-won ($279.3 billion) tax revenue expected this year if they are to be implemented. And yet, no candidate has come up with exactly how to fund their promises. At first glance, their pledges could look like sweet gifts from Santa Clause, but they will soon return as an unstoppable increase in tax. Korea’s national debt is expected to swell by 108 trillion won, which accounts for nearly a third of the government’s annual tax revenue. As most of the budget is covered by issuing government bonds, the fiscal deficit has reached alarming levels. Nevertheless, the ruling Democratic Party (DP) on Monday railroaded a 16.9-trillion-won supplementary budget bill … [Read more...] about The voters must judge populism

Seoul Mayor Oh Se-hoon walks around Changsin-dong in Jongno District, central Seoul, on Friday after his inauguration. [YONHAP] Seoul Mayor Oh Se-hoon started a new term Friday, vowing to help the city’s must vulnerable. “[I will support] the city's vulnerable groups to resolve the polarization of our society and enhance the competitiveness of Seoul," Oh said in his inaugural address as 39th Mayor of Seoul, which was streamed online Friday. “All the policies of Seoul will put the socially vulnerable as a top priority, and make sure the disadvantaged and marginalized groups benefit more,” Oh said. He said livelihood issues, education, housing and medical care were the four most urgent problems for the vulnerable. Five hundred low-income households have been chosen to take part in a pilot run of Oh's Seoul Safety Income program, which guarantees a minimum income for households below the median income. His Seoul Run project, which offers Internet lectures for teenagers, began … [Read more...] about Oh starts unprecedented 4th term as Seoul mayor

Arnold Skolnick, a graphic artist whose last-minute design for the poster promoting the 1969 Woodstock rock festival was one of the most indelible visual images of the era, died June 15 at a hospice in Amherst, Mass. He was 85. He had vascular dementia and a heart condition that led to acute respiratory failure, said his son Alex Skolnick. Skolnick had worked on advertising campaigns and had designed movie titles, book jackets and corporate logos early in his career, but none of his prior work had the impact of the poster he created in four days in the summer of 1969. A poster designed by another artist had been rejected because it showed a nude woman and didn't leave room for the performers' names. Skolnick got the emergency assignment after one of the Woodstock organizers saw a logo he designed for a hotel in the Virgin Islands. Inspired by the paper constructions of Henri Matisse, Skolnick went to work, incorporating casual drawings he had made. He ultimately decided on a … [Read more...] about Arnold Skolnick, designer of Woodstock promotional poster, dies at 85

LOS ANGELES — Six people have been indicted in four separate cryptocurrency fraud cases involving more than $130 million in losses, including the single largest NFT scheme charged to date, federal prosecutors said this week. That scheme, prosecutors said, involved a group called the Baller Ape Club that claimed to sell NFTs, or nonfungible tokens, in the form of cartoon images of apes. A group with a similar theme, the Bored Ape Yacht Club, is one of the world's most popular NFT distributors, with endorsements from Snoop Dogg, Tom Brady and other celebrities. Its NFTs have sold for hundreds of thousands of dollars, though prices have dropped sharply in recent weeks. Le Anh Tuan, 26, of Vietnam was charged in California with one count each of conspiracy to commit wire fraud and conspiracy to commit international money laundering in connection with the Baller Ape Club scheme. Shortly after Baller Ape Club's public sales began, Tuan and unnamed co-conspirators "rug-pulled" … [Read more...] about 6 indicted in cryptocurrency and NFT fraud schemes that netted more than $130 million

Union chiefs have warned strikes by thousands of BT workers could have a “very significant impact”. More than 30,000 employees at BT and its Openreach broadband arm today voted overwhelmingly in favour of taking industrial action in a row over pay. If strikes go ahead, they would be the first across BT for 35 years, and since the privatisation of the firm. BT staff became the latest workers threatening to walk out in what is set to be a summer of discontent. They are angry after the telecoms giant imposed a salary rise, said to be worth £1,500, without consulting their union. Openreach members voted 95% in favour of strikes and BT staff by 91%. They include call centre workers and broadband engineers. Dave Ward warned any strikes could have a 'very significant impact' ( Image: PA) The Communication Workers Union said it wanted to hold new talks with BT. But general secretary Dave Ward warned any strikes could have a “very significant impact”. An unnamed … [Read more...] about Strike action by BT workers could have ‘very significant impact’, union chiefs warn

If you're going through the menopause , you're more than likely experiences a number of symptoms and could do with a little help to alleviate some of them. Finding the best menopause supplement that works for you can be a challenge but adding one to your daily regime could make a huge difference to your quality of life. A lot of the products available today combine nourishing vitamins, minerals and acids that can help to alleviate everything from the night sweats and mood changes to boosting joint health . If you need a little help finding the best supplement for you, read on, as we've found some of the best menopause supplements that can be bought over the counter. Find the perfect menopause supplement to ease your symptoms Best Menopause Supplements - Top picks Menopace Plus Menopace Plus tables are one of the more affordable supplements on the market, but are packed full of nutrients and botanicals to ensure overall care for women during and after … [Read more...] about 16 Best menopause supplements 2022: over the counter remedies to help relieve symptoms

The Los Angeles film industry has returned to forced masking indoors after county officials reported a higher number of coronavirus cases resulting in hospitalizations. “With new hospital admissions reaching more than 8 per week per 100,000 population, they will resume indoor masking requirements, along with several other safety measures,” L.A. public health officer Barbara Ferrer said Thursday, according to Variety . The industry’s agreement with its unions maintains that if eight or more people per 100,000 L.A. County residents are hospitalized for COVID, film and TV productions must return to mask wearing. L.A. authorities reported that the hospitalization rate rose to 8.1 this week. The film industry agreement was first set in place in May and is set to expire on July 15. “This industry has worked closely with their labor partners to institute Covid safety measures that create safety for all workers while being able to continue the important work,” Ferrer said in … [Read more...] about L.A. Film Industry Revives Mask Mandate for Crew Members