Business

Indian-Origin Company Director Banned For Misuse Of Covid Loan In UK
27Jul By adminNo Comments
Business

Indian-Origin Company Director Banned For Misuse Of Covid Loan In UK

[ad_1] Besides the loan, more than GBP 250,000 remains unexplained. (Representational)London: A 42-year-old Indian-origin company director who failed to account for around GBP 45,000 from a UK government COVID-19 support loan for businesses has been banned from operating a venture for seven years.Rupinder Kaur Thaker from Essex in south-east England was appointed director of TKML Limited in April 2016 at the same time the company was incorporated.The UK's Insolvency Service said questions persist around what TKML Limited did with a GBP 45,000 Bounce Back Loan and whether the company was even entitled to a loan of that size.Effective from next Tuesday, Thaker is banned from directly, or indirectly, becoming involved in the promotion, formation or management of a company, without the permi...
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Kerala Man, Family Travel To Europe On A Plane He Built During Covid Lockdown
27Jul By adminNo Comments
Business

Kerala Man, Family Travel To Europe On A Plane He Built During Covid Lockdown

[ad_1] The four-seater aircraft model "Sling TSI" has been named "G-Diya"London: At a time when the aviation industry is recovering from the adverse impact of the Covid-19 pandemic, a man from Kerala is travelling through Europe with his family on a home-built plane. The plane was built by Ashok Aliseril Thamarakshan, who is now based in London, during the Covid-19 lockdown. Mr Thamarakshan, a native of Alappuzha in Kerala, took nearly 18 months to build the four-seater aeroplane.The four-seater aircraft model “Sling TSI” has been named “G-Diya”, with Diya being the name of his younger daughter, The Times Of India reported. Mr Thamarakshan moved to the UK in 2006 to pursue his Masters's degree and he currently works for Ford Motor Company.Ashok Aliseril Thamarakshan is the son of former ...
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Indian-American Man Found Guilty Of Kidnapping His Own Child
26Jul By adminNo Comments
Business

Indian-American Man Found Guilty Of Kidnapping His Own Child

[ad_1] He will be sentenced in November this year. (Representational)New York: A 38-year-old Indian-American has been convicted of international parental kidnapping after he took his US-born child to India and later failed to bring the kid back to the mother in the United States.Amitkumar Kanubhai Patel from Vadodara, who formerly lived in Edison, New Jersey, was convicted last week of one count of international parental kidnapping following a five-day trial before US District Judge Renee Marie Bumb in Camden federal court in New Jersey.The international parental kidnapping offense of which Patel stands convicted carries a maximum penalty of three years in prison and a maximum fine of USD 250,000. He will be sentenced in November this year.Patel is a naturalised US citizen who had been l...
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Rishi Sunak Remembers Parents’ “Sacrifice” In Last Lap Of UK PM Race
26Jul By adminNo Comments
Business

Rishi Sunak Remembers Parents’ “Sacrifice” In Last Lap Of UK PM Race

[ad_1] Rishi Sunah has been under UK media scrutiny for 'privileged' upbringing.Rishi Sunak, one of the two finalists to take charge as Conservative Party leader and British Prime Minister, said on Monday that the "hard work and sacrifice" of his parents helped provide a better future for him and added that those are the "values that I will champion as the prime minister"."I'm standing here because of the sacrifice and love of my parents. They worked day and night, saved and sacrificed to provide a better future for their children," the Indian-origin politician said during a debate with rival Liz Truss, the UK's foreign secretary.The 42-year-old former Chancellor, who has been under media scrutiny for 'privileged' upbringing, shared about the struggle faced by his family after they immig...
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Several Indian-Origin Persons Charged In Insider Trading Cases In US
25Jul By adminNo Comments
Business

Several Indian-Origin Persons Charged In Insider Trading Cases In US

[ad_1] The SEC's enforcement actions were filed in federal district court in ManhattanNew York: Several Indian-origin persons have been charged with insider trading on Monday in three separate alleged schemes in which they made more than five million dollars in illegal profits.Amit Bhardwaj, 49, the former chief information security officer of Lumentum Holdings and his friends Dhirenkumar Patel, 50, Srinivasa Kakkera, 47, Abbas Saeedi, 47, and Ramesh Chitor, 45, have been charged by the Securities and Exchange Commission. The SEC alleges that these persons, all residing in California, traded ahead of two corporate acquisition announcements by Lumentum and generated more than USD 5.2 million in illicit profits.In another action, the SEC alleges insider trading by investment banker Brijesh...
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Indian-Origin US Man Gets 4 Years In Jail For $2 Milion Fraud Covid Scheme
22Jul By adminNo Comments
Business

Indian-Origin US Man Gets 4 Years In Jail For $2 Milion Fraud Covid Scheme

[ad_1] The man was given a nearly 4 years in jail for a USD 2 million fraud Covid scheme (Representational)New York: A 27-year-old Indian-origin man has been sentenced to nearly four years in prison for orchestrating a USD 2 million scheme that cheated victims by making false promises to them in the midst of the COVID-19 pandemic.Guaravjit 'Raj' Singh of Montgomery, New Jersey, previously pleaded guilty before US District Court Judge Peter Sheridan to an information charging him with one count of wire fraud.The judge imposed the 46-month sentence on Wednesday in Trenton federal court, US Attorney Philip Sellinger said on Thursday.According to documents filed in the case and statements made in court, from May 2020, in the midst of the COVID-19 pandemic, Mr Singh engaged in a scheme to che...
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Indian Woman, 28, Added To FBI’s “Missing Persons” List After 3 Years
21Jul By adminNo Comments
Business

Indian Woman, 28, Added To FBI’s “Missing Persons” List After 3 Years

[ad_1] Mayushi Bhagat was last seen on 29 April 2019, leaving her apartment in New Jersey.New York: The Federal Bureau of Investigation has added a 28-year-old Indian woman, who has been missing from New Jersey for the last three years, to its list of "Missing Persons" and is asking for assistance from the public on her whereabouts.Mayushi Bhagat was last seen in the evening hours of April 29, 2019, leaving her apartment in Jersey City, New Jersey. She was last seen wearing colorful pajama pants and a black T-shirt. Ms Bhagat was reported missing by her family on May 1, 2019.She is described as 5 feet 10 inches tall, medium build with black hair and brown eyes.Ms Bhagat came to the United States in 2016 on an F1 Student Visa. She was enrolled at the University of New Hampshire and then t...
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Sri Lanka Crisis: Indian Man Injured In Night Assault Near Colombo
20Jul By adminNo Comments
Business

Sri Lanka Crisis: Indian Man Injured In Night Assault Near Colombo

[ad_1] Vivek Varma, an Indian national in Sri Lanka sustained grievous injuries.Colombo: An Indian national in Sri Lanka sustained grievous injuries in an unprovoked assault, the Indian High Commission in Colombo said on Tuesday as it urged Indians to remain aware of the latest developments in the island nation and plan their movements and activities accordingly.Sri Lanka is witnessing a public unrest due to the unprecedented economic crisis followed by a political turmoil in the country. Acting President Ranil Wickremesinghe on Monday imposed an emergency ahead of the key election today to pick a new President.The Indian High Commission in a tweet said the relations between the people of India and Sri Lanka have always been cordial and friendly."In the current situation, #Indian nationa...
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