Indian Shaikh Wants Journalist to be Sacked. How the Local Partner was Cheated by the Indian Business Tycoons Investigation is going on against the Indian businessman and his family members who have allegedly cheated their Arab business partners in a multi million-hotel project and other businesses. The Gujarathi businessman was one of the main partners with an influential business group in the hotel project. The project involved a total investment of $26.25 million (Equivalent to more than Hundred Crores of Indian Rupees?) financed with an equity capital of $7.5 million. Te founder shareholders including the Gujarathi businessman had subscribed to 60 per cent of the share capital ($4.5 million). However, one of the reasons for the investigation is an allegation that the construction cost of the hotel has been highly inflated and many items, which are shown as imported specially for the projects are procured from the local market! It is learned that the project was handled by a construction company with strong links to the Gujarthi business family. Surprisingly, it is alleged that the Gujarathi businessman who took a leading role in promoting the hotel project hurriedly sold his share and got out of a loss making venture leaving the financial burden of liabilities and bank borrowings to the local partners! Full Report
Investigation against major Indian business tycoons
At least four members of an Indian business family settled in a Gulf country are facing high level investigation for allegedly cheating some influential people. According to reliable sources, four members of a north Indian business family who have the citizenship of the host country are under the custody of investigative agencies for allegedly cheating and money swindling from major projects, including a hotel project. Those facing investigation include the second and third son of a popular North Indian businessman who are actively engaged in business and community activities. The investigation is likely to turn the tables against a strong business lobby who have been keen to transfer an Indian diplomat stationed in the Gulf country. The business tycoons with diverse interests including educatioin, especially Indian community schools, are having considerable clout in India and the Gulf region. Since they are trusted names and award winners, KM is not disclosing their names now. Earlier another businessman from the related group was in prison for various frauds. The Gulf country, which has put even its former ministers, behind the bars for financial fraud, is engaged in a major clean up operation against corrupt officials and businessman diverting fund from the state exchequer.
Sacking Saga Continues in Indian Schools as the lucrative New Recruitment Spree started The Indian School Muladha has done it again! It sacked a Computer Teacher Biju Mohan who says he was removed when he refused to sign (fake?) vouchers for a Computer vendor. School Principal and a section of the Management Committee are keen to recruit new teachers by sacking the existing staff, for unknown reasons? While the new labour rule stipulates clear criteria for overnight sacking of staff, the arrogant Indian School principal and management committee members appear to be acting above this rule introduced as per the directive of the highest authorities. One of the teachers who completed two years got a termination letter a few days before his marriage in kerala. Principal Abraham Mathew is apparently harassing many teachers with threats of overnight sacking, withdrawal of family visa if a teacher appears for an interview to select a new principal in another interior school. It is a common allegation that recruitment and purchasing are the two lucrative activities in Indian Schools.Dr. Ramaswamy, President, SMC was not available for comment as he is gone to India (for new recruitment?)Watch this space. School News
Any valid reason for sacking these two teachers? Many teachers in Indian Schools are working without proper contract. RO 1000 per year contract for computer maintenance, but teachers do the repairing work? The Physical Education Teacher Jayaram G Panicker is sacked allegedly for silly reasons. The two teachers have approached the labour department for justice. Board of Directors suspends seven member Management committee of Indian School Molada Biju Mohan and Jayaram Panicker Indian School Muladha controversy exposes dispute between school board and Patron Media Monitor Weblokam Challenges Century Old Monopoly of Newspaper Houses in Kerala
Thiruvananthapuram - June 11, 2003 -Welcome to weblokam, the premier Internet portal in Malayalam which is revolutionising the average Keralites use of Information technology and the Internet to read and communicate in their own mother tongue. As in other parts of the world, the Internet is slowly becoming a powerful medium in Kerala, the most literate state in India, with large number of newspapers, weeklies, magazines, TV channels, radio, and other means of information dissemination. In a special interview with KM editor, T.Sashi Mohan, senior journalist and founder editor of weblokam.com speaks about various aspects of web portals and the new media. Click for Full Report
- Mouse is Mightier than the Pen
- A special Place in the Media Easy to Update News to global audience
- No portals to compete Source for Newspapers, Discouraging Attitude towards Cyber Journalists Rank Holding Actress Wife, Happy Family Portal News, Not an Easy TaskCyber Journalism after 20 years in Print Media Font Convertibility is Essential Secret Number of Visitors and Hits Advertisers Neglect Cyber Journalists -
T Sashi Mohan, Editor Weblokam.com wife Vinodini, Son Gopimadhav and daughter Mathangi
