The government reacted strongly on Wednesday to the objections raised over their controversial guideline to limit the tenure of office-bearers of the Indian Olympic Associations and National Sports Federations, offering to depute a senior official to resolve the issue with the International Olympic Committee.
Earlier in the day, a 20-member delegation led by the IOA president, Mr Suresh Kalmadi, met the Prime Minister, Dr Manmohan Singh, seeking his intervention in the issue.
The sports ministry, however, sought a direct interaction with the IOC on the matter. The government said it would send a detailed response and offered to send an official to IOC headquarters in Lausanne, Switzerland, to discuss the matter. “The PM told us that he will look into the matter and get back to us,” Mr Kalmadi told reporters.
Mr Kalmadi again lashed out at the sports minister, Mr M.S. Gill, for the timing of the move and said he should have up with this idea after the Commonwealth Games.
Showing posts with label Indian. Show all posts
Showing posts with label Indian. Show all posts
Thursday, May 6, 2010
Tuesday, April 27, 2010
Indian sentenced to 81 months in prison
A US court sentenced an Indian to 81 months in prison on conspiracy and aggravated identity theft charges arising from an international fraud scheme to “hack” into online brokerage accounts in America and use those accounts to manipulate stock prices.
Jaisanker Marimuthu, a native of Chennai, who was extradited to the US following his arrest in Hong Kong, was also ordered by the court to pay USD 2.4 million in restitution.
Marimuthu, 36, had pleaded guilty on February 5 to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and to one count of aggravated identity theft before US District Magistrate Judge in a Nebraska court.
According to court documents, he was part of a conspiracy that operated out of Thailand and India from February 2006 through December 2006 in which the prices of thinly-traded securities were fraudulently inflated by hacking into brokerage accounts in the US and then illegally using the accounts to make large, unauthorized purchases of securities in the name of the unsuspecting customers.
Marimuthu admitted that after the price of the securities had been artificially increased or “pumped up” through the bogus trading, the conspirators’ own holdings of the securities would be sold at a profit.
More than 90 customers and seven brokerage firms in the US have been identified as victims, the US Department of Justice said.
Financial losses of close to USD 2.5 million were sustained by the victims in this case.
Co-defendant Thirugnanam Ramanathan, 37, pleaded guilty on June 2, 2008, to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and aggravated identity theft.
Following his arrest in Hong Kong, Ramanathan was extradited on May 25, 2007, to the US.
Ramanathan was sentenced to two years in prison by Judge Camp, and has since been returned to India following completion of his sentence.
Co-defendant Chockalingham Ramanathan, 36, was charged with one count of conspiracy, eight counts of computer fraud, six counts of wire fraud, two counts of securities fraud and six counts of aggravated identity theft.
Chockalingham Ramanathan remains at large.
Jaisanker Marimuthu, a native of Chennai, who was extradited to the US following his arrest in Hong Kong, was also ordered by the court to pay USD 2.4 million in restitution.
Marimuthu, 36, had pleaded guilty on February 5 to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and to one count of aggravated identity theft before US District Magistrate Judge in a Nebraska court.
According to court documents, he was part of a conspiracy that operated out of Thailand and India from February 2006 through December 2006 in which the prices of thinly-traded securities were fraudulently inflated by hacking into brokerage accounts in the US and then illegally using the accounts to make large, unauthorized purchases of securities in the name of the unsuspecting customers.
Marimuthu admitted that after the price of the securities had been artificially increased or “pumped up” through the bogus trading, the conspirators’ own holdings of the securities would be sold at a profit.
More than 90 customers and seven brokerage firms in the US have been identified as victims, the US Department of Justice said.
Financial losses of close to USD 2.5 million were sustained by the victims in this case.
Co-defendant Thirugnanam Ramanathan, 37, pleaded guilty on June 2, 2008, to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and aggravated identity theft.
Following his arrest in Hong Kong, Ramanathan was extradited on May 25, 2007, to the US.
Ramanathan was sentenced to two years in prison by Judge Camp, and has since been returned to India following completion of his sentence.
Co-defendant Chockalingham Ramanathan, 36, was charged with one count of conspiracy, eight counts of computer fraud, six counts of wire fraud, two counts of securities fraud and six counts of aggravated identity theft.
Chockalingham Ramanathan remains at large.
Tuesday, March 2, 2010
Fresh attack on Indian, Sri Lankan in Australia
In a fresh incident of violence against Asians in Australia, a Sri Lankan man and his Indian wife were attacked and racially abused by a group of drunken men at their home here.
A group of 25 drunken thugs bashed up 60-year-old Ranjit Sahasranaman, who is married to Indian-origin Agalya Sahasranamn, outside his own home in Carrams Down suburb on Sunday morning.
Sahasranaman, a Sri Lankan national, revealed his over two-and-a-half hour ordeal of how he fought back with the thugs till police arrived and dispersed them, the Herald Sun reported today.
Sahasranaman, who has lived in Australia for 19 years with his wife and two kids, said he was assaulted and racially abused by the gang of mostly white men who damaged his back fence and gained entry to his yard.
He said he was forced to fight back with a bar when the intruders got within centimetres of his back door.
Interestingly, this time the police dropped home one of the injured offender who allegedly got hurt by Sahasranaman.
“They were throwing punches at me,” Sahasranaman said, adding “they were calling names and told me to get lost from this country.”
The attack came at a time when Foreign Affairs Minister Stephen Smith is in India to discuss with authorities there the security preparation for the Commonwealth Games and the issue of attacks on Indians here.
Friday, January 29, 2010
Indian sentenced to death in Malaysia
A 48-year-old Indian was on Friday sentenced to death by a Malaysian court for drug trafficking.
Athiseshan Singaram was sentenced to be hanged after he was found guilty of trafficking 25 kg of ketamine at the Kuala Lumpur International Airport (KLIA) two years ago.
Judicial Commissioner Mohd Yazid Mustafa passed the death sentence on Athiseshan after ruling that the prosecution had proven the case beyond doubt, Bernama news agency reported.
He said the defence was on denial mode but evidence from the prosecution witnesses clearly showed that Athiseshan constantly held the bag containing the drug and knew about its contents at all times.
Athiseshan was found guilty of committing the offence at the customs examination counter of the airport on July 26, 2008
