Mrs.Banglore, Model Arrested in Prostitution Racket
New Delhi/Bangalore, June 12: The Delhi police on Wednesday claimed to have unearthed a high-profile prostitution racket with the arrest of a 22-year-old model at a five-star hotel.Jyoti Reddy, alias Ritu Reddy, was arrested by Crime Branch personnel at a five-star hotel at Chanakyapuri late on Tuesday afternoon. According to Asian Age, the model claimed to be a former Miss Bangalore.However, the website of Dream Merchants, the event management company that has been running the pageant since it started in 1994, makes it clear that no Jyoti or Ritu Reddy was ever crowned Miss Bangalore. Full Report and More News
Saddam is alive and offering bounty for US soldiers, says the Independent Source - Chalabi
12 June 2003
London - Saddam Hussein is alive and operating in northern Iraq, and is using $1.3bn looted from the central bank to offer bounty for all American soldiers who are killed, the London based Independent said in an exclusive report, quoting leader of the pro-Western Iraqi exile group. Saddam intends to have his revenge, in the belief that he "can sit it out and get the Americans going", Ahmed Chalabi, the leader of the Iraqi National Congress (INC), told the Council of Foreign Relations in New York. Full Report
Justice Eludes Families of the "Disappeared" in Punjab National Human Rights Commission Should Investigate
(New York, June 10, 2003)-India's National Human Rights Commission must fulfill its mandate to investigate forced disappearances in Punjab, Human Rights Watch said. Six years ago, the Indian Supreme Court directed the National Human Rights Commission (NHRC) to investigate 2,097 cases of illegal cremation in Punjab's Amritsar district.
The NHRC has yet to hear testimony in a single case.Full ReportExclusive Founder Promoter Allegedly took 10 percent Cut for Every deal including Royalty paid to Singapore Hotel Chain The Gujarathi business tycoons are out of prison, but the investigation into financial mismanagement of public companies is on. Some of the high profile people are advised not to leave the Gulf country! While they may appear in public meetings with the consent of higher authorities, they are known to be under the control of law enforcement authorities. While PK, directly involved in the hotel project, was trying to leave the country for UAE, he was caught in the airport. This smart businessman, director of the hotel, has been allegedly taking 10 per cent commission for each deal signed for the project. He never received the kick back directly, but through a front man. Being a director and promoter, he even took a kick back from the Singapore Hotel chain from the royalty fee for using the brand name! A commission was charged by this director and member of founders committee for services fee paid to the Singapore company. As per the license agreement with the hotel management company, 2 per cent of the gross revenue of the hotel will go to the international company. In addition, four per cent of the gross revenue of the hotel will go as license agreement fee for using the International brand name of the five star hotel. For an "offshore" Services Agreement with the international company, eight per cent of the gross operating profit of the hotel is projected as "offshore" services fee. For each and every transaction 10 per cent is the " cut". Civil construction and contract work worth $7.5 million was done by two companies related to the group. Out of the total project cost, nearly seventy per cent was spent on construction and civil work! Even if the hotel is projected to incur heavy losses, the founder director has made enough money during the first phase of the project itself! What a magical formulae of business success. Even though the company will make loss, why should the director be worried? He has sold his share in the company! No wonder an Indian community school with 3000 students and high fee structure run by the same business family has not made any profit in the last one decade! A new chapter in corporate governance and transpareny. The name should be recommended for an award for successful businessman.- Watch this space to know who spilled the beans?
UAE Credit card scam highlights need for biometric security
Dubai - June 9, 2003 Growing card fraud, combined with the risk to their reputation of failing to act, is forcing banks and financial institutions to introduce the latest smart cards incorporating biometrics. The use by banks of biometric technology - the analysis of unique body "signatures" such as fingerprint or iris scanning - is now seen as a viable alternative to personal identification numbers (PINs), to protect both the banks and their customers against "identity theft." Full Report
Malayali Contractor Dies in Sohar Accident
Subramanian (42), a Keralite had a tragic death at a construction site in Sohar Palag, in Oman said his relatives. The foreman and contractor fell down to death from a building under construction when he was inspecting a new design for a private villa. Vinod Kumar from Trivandrum who was also a victim of the same accident had a miraculous escape. Subramanian died in the accident as he fell down from the first floor. The falling concrete and debris caused the death, said sources. Father of 3 children, Subramanian's son is a student of Indian School Sohar. Efforts are on to collect some money for helping the family.
Exclusive - Indian Tycoons face investigation! Released now? Financial Mismanagement, Overinvoicing of Biscuit Factory in the Gulf by Indian Partners under Investigation
Take Loans from Banks without the authorisation of local partners; Obtain Soft Loans from the Ministry and Fund diversion; Public shareholders incur loss, chairman accumulate wealth!
A public shareholding biscuit and choclate factory managed by the Indian business group has been incurring heavy losses over the years due to manipulation of accounts, over invoicing of imports and inflated cost of operation.The main reason for taking the Indian business tycoons in custody for investigation is the revelation from inspection by concerned authorities that they took huge loans from banks without the permissin of the local sponsor, an influential military official. A Government soft loan was also obtained through dubious means. The company which incurred a net loss this year has an accumulated loss of $ $17 million. While there is an accumulated liability of 12.5 million, the company has been trying to get another soft loan of $6.25 million to "revive" the company. Paradoxically enough, this company has been under the chairmanship of an NRI who was bestowed with a prestigious award by the Indian Government. This is the latest cheating case by a business tycoon - thanks to the focus on corporate governance and accountability. According to the grapewine, these are only the tip of the ice beg. Other high-profile Indian tycoons are also under the microscope of ....These Indian shaikhs are definitely not the role models for Indian community.Watch this space.
A Village Aroused by Viagra Influence
London, June 8: A small, sleepy and picturesque Irish fishing village, Ringaskiddy, has suddenly risen to fame on rumours that fumes from a nearby Viagra factory have turned its residents into red-hot lovers.With little more than 300 houses, one shop and three pubs, Ringaskiddy is about to be catapulted into the 21st century with Hollywood film companies fighting over its sudden claim to fame as the home of the best lovers in Ireland. Full Report
British intelligence deny report on resignation over Iraq dossier
LONDON, June 8-- British Intelligence Services on Sunday denied a report by the Sunday Express newspaper that chief of the Secret Intelligence Service (MI6) and the director-general of the Security Service (MI5) have threatened to resign over the intelligence content of the British government publications aboutIraq's banned weapons.More Reports
Gene tests reveal remains in Iraq belong to Kuwaiti POW
KUWAIT CITY, June 8-- DNA tests revealed that samples taken from a corpse remains found in a mass grave in Iraq belonged to a Kuwaiti Prisoner of War (POW), Kuwaiti State Minister of Cabinet and National Assembly Affairs Mohammed Dhaifallah Sharar announced Sunday. More Reports
IAEA accuses Iran of failing to comply with nuclear safeguards
VIENNA, June 7 -- The International Atomic Energy Agency (IAEA) on Friday accused Iran of failing to honor commitments to safeguard its nuclear material."Iran has failed to meet its obligations under its safeguards agreement with respect to the reporting of nuclear material, the subsequent processing and use of that material and the declaration of facilities where that material was stored and processed," the IAEA said in a report. More News
A Village Aroused by Viagra Influence
London, June 8: A small, sleepy and picturesque Irish fishing village, Ringaskiddy, has suddenly risen to fame on rumours that fumes from a nearby Viagra factory have turned its residents into red-hot lovers.With little more than 300 houses, one shop and three pubs, Ringaskiddy is about to be catapulted into the 21st century with Hollywood film companies fighting over its sudden claim to fame as the home of the best lovers in Ireland.
