Indian-American Rishi Shah Jailed for ₹8,300 Crore Fraud

Brief by Shorts91 Newsdesk / 05:57am on 03 Jul 2024,Wednesday India Global

Indian-American businessman Rishi Shah has been sentenced to seven and a half years in prison for a ₹8,300 crore ($1 billion) fraud. Shah, cofounder of Outcome Health, deceived top investors like Goldman Sachs and Google parent Alphabet. The scam involved selling more ad space than the company could deliver and faking data. The fraud began to unravel in 2017 after a media expose. Shah lived lavishly, buying private jets and a $10 million home. His cofounders Shradha Agrawal and Brad Purdy also received prison sentences. Shah apologized, admitting to creating a deceptive corporate culture.

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Indian Students Tackle Visa Hurdles by Applying to Multiple Universities Abroad: Report

Brief by Shorts91 Newsdesk / 05:44am on 03 Jul 2024,Wednesday India Global

Indian students are now applying to many universities abroad to improve their chances of studying overseas. This change is due to unpredictable visa rules. A recent survey showed that 91% of students are adopting this strategy. Countries like the US, Canada, the UK, and Australia have stricter visa rules. As a result, students are also looking at new options like Germany, France, and Ireland. These countries offer better visa terms. This shift helps students avoid rejection and ensures they can achieve their academic dreams.

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Indian-Origin Guru Faces High Court Trial Over Alleged Sexual Assaults in UK

Brief by Shorts91 Newsdesk / 07:51pm on 02 Jul 2024,Tuesday India Global

Rajinder Kalia, a 68-year-old Indian-origin guru in the UK, is being sued in London’s High Court for millions of pounds over allegations of sexual assault by former followers. Kalia, who heads the Sidh Baba Balak Nath Ji Society in Coventry, is accused of using his religious position to influence and assault women. Denying the allegations, he claims they are part of a conspiracy. The trial, which began last week, is set to conclude soon, with judgment expected in the coming months.

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Lucknow Man, 24, Poses as Senior Citizen in Failed Bid to Reach US

Brief by Shorts91 Newsdesk / 01:11pm on 02 Jul 2024,Tuesday India Global

Guru Sewak Singh, a 24-year-old from Lucknow, attempted to flee to the US by disguising himself as a 67-year-old man. Intercepted at Delhi Airport, he had altered his appearance with white hair and glasses, using a forged passport to travel to Canada. Detected by CISF due to inconsistencies, Singh confessed to his real identity and involvement in a Rs 60 lakh scam with a travel agent. He and his wife were arrested for possessing forged documents, sparking a police investigation into the illicit immigration operation.

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NIA Offers Rs 10 Lakh Reward for Information on Goldy Brar, Wanted Terrorist

Brief by Shorts91 Newsdesk / 10:26am on 02 Jul 2024,Tuesday India Global

The National Investigation Agency (NIA) has announced a cash reward of Rs 10 lakh each for information leading to the arrest of designated terrorist Goldy Brar and another gangster. Goldy Brar, a key accused in the murder of Punjabi singer Sidhu Moosewala, is believed to be hiding in Canada or the US. The two are wanted in connection with an extortion bid and firing at a businessman's house in Chandigarh on March 8. The NIA has assured secrecy for informants. Goldy Brar is now among Canada's top 25 most wanted fugitives. The agency seeks public assistance in apprehending the duo.

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India Shipped Explosives to Israel Amid Gaza Conflict: Al Jazeera Report

Brief by Shorts91 Newsdesk / 07:51am on 02 Jul 2024,Tuesday India Global

According to Al Jazeera, India has been exporting arms and explosives to Israel during its conflict with Gaza, which has resulted in over 37,000 Palestinian deaths. A cargo vessel, Borkum, allegedly carried 20 tonnes of rocket engines and other munitions from Chennai, India, to Ashdod, Israel. This report surfaced following opposition from Palestinian supporters in Spain, who tried to block the vessel from docking. Documents reviewed by Al Jazeera purportedly confirm the shipment’s Indian origin, linking it to a joint venture involving Adani Defence & Aerospace and Elbit Systems. India has not officially responded to these claims.

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Indian-American Rishi Shah Sentenced for ₹8,300 Crore Fraud in U.S.

Brief by Shorts91 Newsdesk / 07:44am on 02 Jul 2024,Tuesday India Global

Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for a ₹8,300 crore ($1 billion) fraud. The Indian-American entrepreneur was convicted on over a dozen charges of fraud and money laundering, deceiving major investors like Goldman Sachs and Alphabet. His co-founders, Shradha Agarwal and Brad Purdy, received lesser sentences. Shah's fraud scheme inflated the company's value, misleading investors about its financial health. The U.S. SEC also filed a civil lawsuit against Shah and others involved. The case highlights significant investor deception and corporate misconduct in the health advertising sector.

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24-Year-Old Indian-Origin Woman Dies on Qantas Flight from Melbourne to Delhi

Brief by Shorts91 Newsdesk / 05:29am on 02 Jul 2024,Tuesday India Global

A 24-year-old Indian-origin woman, Manpreet Kaur, died on a Qantas flight from Melbourne to Delhi on June 20. Kaur collapsed while trying to fasten her seatbelt just before takeoff and was pronounced dead on the spot. Despite feeling unwell before boarding, Kaur had managed to get on the plane without assistance. Cabin crew and emergency services rushed to assist her, but unfortunately, she could not be saved. The incident has left her family and friends in shock, who were expecting her to arrive in India to meet them. Key highlights: Kaur's sudden collapse, her death on the spot, and her reported illness before boarding.

Read More at Hindustan Times

India and US to Launch Gandhi-King Development Foundation by October

Brief by Shorts91 Newsdesk / 07:31pm on 01 Jul 2024,Monday India Global

India and the US will establish the Gandhi-King Development Foundation (GKDF) by October 2024. The agreement was signed during US National Security Advisor Jake Sullivan's visit to India last month. The foundation aims to tackle global development challenges, focusing on climate change, public health, and women's empowerment. US Ambassador Eric Garcetti highlighted the shared commitment to non-violent principles of Gandhi and Martin Luther King Jr. The foundation will operate in India, using public and private resources to promote sustainable development and enhance cooperation between the two nations.

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Indian-Origin Woman Dies Suddenly on Melbourne-Delhi Flight

Brief by Shorts91 Newsdesk / 05:23pm on 01 Jul 2024,Monday India Global

Manpreet Kaur, a 24-year-old Indian-origin woman, died suddenly on a Qantas flight from Melbourne to Delhi on June 20. She felt unwell but managed to board the plane. Moments after struggling to fasten her seatbelt, she collapsed and died at the boarding gate. The suspected cause is tuberculosis. Kaur, who worked at Australia Post and studied cookery, was eager to reunite with her family in India after four years. A GoFundMe page has been set up to support her family. Friends and the community are contributing to help them during this difficult time.

Read More at Mint

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