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Once a billionaire, Raju now earns Rs 50/day

Written By Unknown on Minggu, 12 April 2015 | 22.14

HYDERABAD: From poster boy to prisoner; from a billionaire to a mere daily-wager! Jailed Satyam Computers founder Ramalinga Raju's life turned upside down ever since he decided to pen that confession letter in January 2009.

Raju, for whom moolah freely flowed into his coffers before the multi-crore financial fraud, will now have to toil hard in jail to earn a meagre pay of Rs 50 daily. He cannot even spend it all on himself.

According to jail rules, Qaidi no. 4148 (Raju's new identity) will be allowed to use only half that sum for personal purposes daily during his imprisonment.

READ ALSO: Ramalinga Raju sentenced to 7 years in jail, fined Rs 5 crore
Satyam fraud: When the Gods didn't help Raju

Raju can buy basic essentials such as soap, toothpaste, biscuits, bread or water bottles from the jail canteen for Rs 25 he would be allowed to spend. The rest would be deposited in an account opened for him at the jail like the rest of the inmates. He can withdraw the money at the end of his term.

But for that 'skilled' Raju has to report to work together with prisoners branded as 'unskilled' and 'semi-skilled'. Unskilled prisoners are made to do chores like cleaning jail premises but do not earn even a penny. Semi-skilled ones get a daily wage of Rs 30, and are largely employed in factories.

READ ALSO: Raju doesn't want TV, reads case papers in jail

Jail authorities were deliberating about various jobs that can be offered to Raju. "We are trying to see where we can fit him in. There are three options right now,'' said a jail official. "Either we will get him to help out in the library and assist in maintaining it or engage him in our adult education programme. We are laying extra attention of late on it under which he can teach illiterate prisoners. The third option is to get Raju involved with the basic computer courses that we offer to our inmates.'' He said the convict will have no say in the matter.

READ ALSO:Who is Ramalinga Raju?

Before the employment, Raju will have to live through a 'quarantine' period in the jail. "For 15 days, we will observe his behaviour. We will see how he is getting adjusted to the jail atmosphere,'' the official said. "So far he has not shown any signs of being disturbed or depressed. That might also be because he has been in jail before.''

Much like Friday, both Ramalinga Raju and his brother Rama Raju had no visitors on Saturday too.

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PIO teen cracks all 8 Ivy League schools, plus 6

WASHINGTON: Acceptance to one Ivy League school is considered a big deal in U.S academic circles in this college admission season, but try telling that to Pooja Chandrashekhar, who is being welcomed by all eight IVS, plus six other elite universities, for a unique 14/14 record.

Harvard, Yale, Princeton, Cornell, Dartmouth, Columbia, Brown, and the University of Pennsylvania are the eight Ivy Leagues that will be happy to accept the Virginia-born 17-year old, the only daughter of two engineers who emigrated from Bangalore. Also in the running for her — Massachusetts Institute of Technology (MIT), Stanford, Duke, Georgia Tech, the University of Virginia, and the University of Michigan.

So what's so special about Pooja? A SAT score of 2390 (out of 2400), a 4.57 grade point average, and acing all 13 of her Advance Placement exams helped. But what also boosted her application is enterprise, initiative, and creativity.

She founded a national non-profit that encourages middle-school girls to participate in science, technology, engineering and math (STEM) programs; built a windmill to explore aspects of renewable energy and also developed a mobile app that analyzes speech patterns and predicts with 96 percent accuracy if a person has Parkinson's disease.

"She really stands out as a TJ kid who has taken the mission of the school as far as it can go," Principal Evan Glazer of Thomas Jefferson, a highly-regarded school in Virginia where Pooja graduated from, told the Washington Post, which first reported the story. "She's a STEM superwoman who humbly approached her interests in curious ways."

It is not typical, nor is it advised, for students to apply to all eight Ivy League schools, which derive the term from the original "Interscholastic Four League," (Harvard, Yale, Princeton, and Columbia) which were dubbed IV (eye vee). The application process is intense and cumbersome and each has different strengths and requirements.

But Pooja aimed for all eight ivies hoping to get into just one of them, "because college admissions is really unpredictable."

"They are all fantastic schools and I didn't want to leave any one out of consideration," she told TOI over phone on Saturday amid the trill of congratulatory called. "I wanted to make sure I could get into a really good school and have more choices." She spent a large part of last summer working on applications, writing supplementary essays for each of them.

Her parents, Chandrashekar Doddaveeriah (BMS College of Engineering and Texas A&M) and Pratibha Bore Gowda (MS Ramaiah College of Engineering; Arizona State University) fully supported her go-for-all-IVS decision.

Pooja has now narrowed her list to Harvard, Stanford and Brown, where she got into a program that guarantees her admission to the university's medical school. She eventually hopes to pursue a program in liberal medical education and bio-engineering.

Although she sounds like an alpha-geek, Pooja is like a typical teenager in many ways. She enjoys watching television shows like Shark Tank, eating out — and, no surprise, listening to Bollywood music.

Pooja is the second immigrant high-schooler in recent weeks to nail admission to all eight Ivies. Harold Ikeh, a Long Island teenager who was born in Nigeria and was eight when his parents emigrated to the U.S also scored a 8/8 and admission to five other schools — MIT, NYU, Johns Hopkins University, Stony Brook University and Vanderbilt University.

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Revoke voting rights of Muslims to put an end to vote-bank politics: Shiv Sena

MUMBAI: Stoking a controversy, the Shiv Sena on Sunday demanded that voting rights of Muslims should be revoked as the community has often been used to play vote bank politics.

The Sena also compared All India Majlis-e-Ittihadul- Muslimeen (MIM) and Owaisi brothers with "poisonous snakes" who spew venom to "exploit" the minority community.

"Vote bank politics is being played in the name of fighting against the injustice meted out to Muslims. Their educational and health status is being used politically. This politics was once played by the Congress and now every other person calls himself secular.

READ ALSO: Shiv Sena to Muslims — For special treatment, go to Pakistan

"If Muslims are only being used this way to play politics, then they can never develop. Muslims will have no future till they are used to play vote bank politics and thus Balasaheb had once said to withdraw Muslims voting rights. What he said is right," an editorial in Sena mouthpiece 'Saamana' said on Sunday.
The "secular masks" of all the so-called secular political parties will be worn out, once their voting rights are withdrawn, it said.

Taking a dig at AIMIM MP Asaduddin Owaisi for challenging Sena president Uddhav Thackeray to come to Hyderabad, the editorial said, "Owaisi dares us to come to Hyderabad. But we want to ask him if Hyderabad is in India or in Lahore, Karachi or Peshawar. The pride of Marathis is known in Pakistan, Afghanistan and Kandahar as well."

"By saving the hiding place of snakes, you cannot kill them. Owaisi and his party are like a snake which, if fed, will do no good to the nation. AIMIM is an old snake," it said.

READ ALSO: Shiv Sena downplays comments on Muslims' voting rights

Owaisi brothers 'poisoned' minds of Muslims: Shiv Sena

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Yazidi women 'gang-raped in public' by Isis fighters, harrowing accounts reveal

Written By Unknown on Sabtu, 11 April 2015 | 22.14

RELATED KEYWORDS: Yazidi|sex-slaves|ISIS
Heather Saul, The Independent | Apr 10, 2015, 04.04PM IST

Disturbing stories have emerged after 200 were released this week.

Page 1 of 4

Yazidi women released by Isis this week were gang-raped in public by fighters and tortured by their captors, according to distressing accounts of their ordeals.

Hundreds of women and children were abducted from the town of Sinjar, in northern Iraq, and held hostage by Isis for over eight months. Some were sold to fighters as sex slaves or given as 'prizes'. Many were beaten and forced to convert to Islam.

More than 200 were released by fighters in Himera, near Kirkurk, earlier this week. They have told harrowing tales of the physical and sexual abuse they suffered at the hands of their captors.

READ ALSO: Yazidi girls seized by ISIS speak out after escape

Sex slavery driving girls held by ISIS to suicide

Ziyad Shammo Khalaf, who works with the Yazda organisation to support Yazidi victims, said children were separated from their mothers and "distributed among houses" in Mosul and Tal Afar.

"If you come and sit with the girls you will find different stories from girl to girl. A lot of them have been sold to Isis fighters, they have been raped in public, and by more than two or three people at a time," he told the International Business Times. "They were tortured, beaten and subject to any type of violence."

Other Yazidi survivors have also given disturbing accounts of their treatment by Isis, with one women describing how militants were forcing hostages to give their blood for transfusions.

The atrocities endured by Yazidi sex slaves was exposed more fully in an 87-page report released by Amnesty International in November 2014, who found girls and women were repeatedly raped and sold as sex slaves.

The report found that even children were being sold to Isis fighters or given as "gifts".

Isis considers Yazidis heretical and published an article in its propaganda magazine Dabiq attempting to justify the practice of selling them using theological rulings of early Islam.

READ ALSO: ISIS justifies enslaving, having sex with non-believers: Report

Life under ISIS: Captured teenage girl tells story of horrendous abuse

However, experts say the practice has caused friction among the ranks of the extremist group. Sajad Jiyad, Research Fellow and Associate Member at the Iraqi Institute for Economic Reform, told Independent that many supporters had been in denial about the trafficking of kidnapped Yazidi women until the Dabiq article was published.

Article continues

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Kolkata: Housewife raped in flat, electrician held

KOLKATA: A 49-year-old mother of two was raped, allegedly by an electrician, in an apartment complex in Santoshpur on Wednesday afternoon, triggering alarm bells in lakhs of homes across the city and shattering the belief that living within walled complexes offered a degree of safety.

Police say robbery wasn't the motive and the electrician, Pradesh Sur alias Bikram, pounced on the woman on realizing she was alone. He shows no remorse and was caught grinning at news cameras while being taken to court on Thursday.

READ ALSO: The desire to rape is in our genes, says study on sex offences

UNESCO to ask PM Modi to introduce programmes for reducing rapes in India

The woman has two sons — the elder one is employed with a private company and the younger one is in college. The family was getting the electrical wirings replaced and Bikram and another electrician had been visiting the top-floor flat for the last few days, say police. Bikram may have been studying the family's movements and knew that the husband and both sons would be out in the afternoon, said an officer.

"On Wednesday, the electricians began work around 3.30pm. Bikram went upstairs and knocked on the door, saying he needed to enter the flat to complete the electric bell wiring. As soon as he entered, he found the woman alone. He used force to push her down on the bed before raping her," said DC-south Suburban Santosh Pandey.

After Bikram left, the survivor was determined not to let him get away. She fought her trauma and dialed the police helpline 100 at 4pm. The Lalbazar HQ responded immediately and a police team was rushed to her house. They got the mobile number of the accused from the contractor and started tracking the location. With technical surveillance and inputs from the local police network, a team led by OC Jainal Abedin zeroed in on Bikram's house in Dhalua, Sonarpur, in the pre-dawn hours of Thursday and arrested him.

Investigating officers have not found any criminal record against Bikram yet, but they were surprised by his complete lack of remorse during investigation and production in court. In fact he was seen smiling while being taken to court.

The survivor is still in shock but she is helping investigators. A medical test has confirmed rape, police said. Woman police officers are helping her recover from the trauma and have taken her to an undisclosed location.

"Bikram was living in Sonarpur with his wife but had sent away his children to some relatives elsewhere, saying Sonarpur wasn't a good place for them. It seems he had no intention of robbing. The court has granted us seven days custody of the accused. We will interrogate him thoroughly," said an investigating officer.

Sources said police are looking for the second electrician to see if he abetted the crime in any way. "We have petitioned Alipore court so that the survivor can record her confidential statement before a magistrate. We might go for an identification parade," added the officer.

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Rajasthan Royals player approached for spot-fixing by Ranji teammate

NEW DELHI: The spectre of corruption reared its ugly head yet again in the IPL with a Rajasthan Royals player reporting an approach for spot-fixing last month, clearly showing that attempts to fix matches are still being made in the controversy-ridden Twenty20 event.

Full coverage: Indian Premier League 2015

Confirming that a cricketer was indeed approached, BCCI secretary Anurag Thakur said the player's action showed that the Board's efforts to educate players over perils of spot-fixing are paying off.

"A player was approached and he immediately intimated @BCCI anti corruption unit. Glad that BCCI education policy showing positive results" Thakur tweeted today.

His post added: "Players are alert & they know what is to be done due to our regular education efforts."

Though Thakur did not reveal the identity of the Mumbai-based player, Rajasthan Royals has five cricketers from the city -- Ajinkya Rahane, Pravin Tambe, Dinesh Salunkhe, Dhawal Kulkarni and Abhishek Nayar.

Rajasthan Royals, at the centre of the 2013 spot-fixing scandal as well, also confirmed the development and promised zero tolerance.

"Over a month ago, a player from Rajasthan Royals was approached inappropriately by a player (who was not part of the IPL) in connection with the Indian Premier League 2015 matches," RR CEO Raghu Iyer said in a statement.

"Maintaining high standards of integrity, the player informed the Rajasthan Royals management of this inappropriate approach. In keeping with applicable IPL Regulations, Rajasthan Royals management immediately reported the incident to the Anti-Corruption & Security Unit (ACSU) of the BCCI.


"Rajasthan Royals commends the player for having reported this incident immediately and for his honesty and uprightness. His dedication to maintain the highest standards of integrity needs to be lauded," he added.

Iyer said RR, whose players were arrested during the 2013 scandal, will take a very strict view of any corruption.

"Rajasthan Royals in keeping with its zero tolerance approach immediately reported the incident further to the ACSU/BCCI for further process. Rajasthan Royals will continue to provide full support and assistance to the BCCI to ensure that the game of cricket is played in the right spirit.

"This incident does highlight that if players and other officials cooperate and disclose information or approaches immediately, the game can be kept clean and free from undesirable elements and activities," he said.

According to a report, a Mumbai-based Rajasthan Royals player was approached by his Ranji teammate with an offer of money if he followed a pre-decided pattern of play. Initially dismissing it as a joke, the player declined the offer and reported the incident to the BCCI's Anti-Corruption and Security Unit (ACSU).

The latest incident brings back the memories of the 2013 IPL spot-fixing scandal which led to the arrests of three Rajasthan Royals cricketers including former India fast bowler S Sreesanth.

The spot-fixing saga also forced N Srinivasan to step down as BCCI president after his son-in-law Gurunath Meiyappan was found guilty of betting.

RR co-owner Raj Kundra, who wants to give up his share in the franchise now, was also questioned during the investigation was indicted by the Supreme Court-appointed Mukul Mudgal committee.

The scandal was a massive hit to the event's credibility with the country's apex court raising serious concerns about the conflict of interest and corruption in the league.

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PM Modi arrives in France, India 'mulls direct purchase of Rafale jets'

Written By Unknown on Jumat, 10 April 2015 | 22.14

NEW DELHI: Prime Minister Narendra Modi may reach a breakthrough on a long-delayed deal to buy Rafale fighter jets from France in talks with the French president on Friday, reports said.

India's government has been in negotiations since 2012 to buy 126 Rafale jets from France's Dassault Aviation, but the estimated $12 billion dollar deal has hit roadblocks over cost and assembly of the planes.

Reports said ahead of talks between Modi and French President Francois Hollande on Friday that the government was considering a direct purchase of a smaller number of jets to accelerate the acquisition and replace its ageing stock.

The Hindustan Times said the government was "seriously considering a strategic purchase of up to 40 Rafales for the Indian Air Force" due to "operational necessity", with further purchases later.

It quoted an unnamed source as saying a new deal could be worked out this year, with the exact number of planes depending on the final price.

READ ALSO: India draws bottom line for Rafale

Defence analyst Nitin Gokhale reported on his blog, Newswarrior, that the government had decided ahead of Modi's first official visit to France to buy 60 jets.

He quoted unnamed sources as saying Modi would would discuss the deal with Hollande on Friday.

"The issues you referred to will also be discussed. We expect movement on these issues," MEA spokesman Syed Akbaruddin said in response to a question on the deal.

"There will be substantive discussions on defence and nuclear issues. Wait for the outcome," Akbaruddin added.

Until now the Indian government has been negotiating directly with Dassault, whose boss Eric Trappier recently insisted the deal was "95 per cent finalised".

Hollande has said he and Modi "will have discussions" about the Rafale deal while stressing he did not want the issue to define their relationship.

Both the Indian defence ministry and Dassault declined to comment.

Akbaruddin said India expects French companies to participate in 'Make in India' programme in the field of defence as well as civil nuclear energy, "where India can make some nuclear installations with France."

The Jaitapur project, where French company Areva is to set up six nuclear reactors with total power generation capacity of about 10,000 MW, is stuck for long because of differences over the cost of electricity to be generated.

Modi, who arrived here on Friday on a four-day visit, will also address two meetings with French CEOs — one on infrastructure and another on defence.

He will also have 'Naav pe Charcha' (chat on boat) with Hollande when they go for a cruise on Seine river which passes through Paris.

(With inputs from agencies)

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Bengaluru girl refuses to pay Rs 30 extra, auto driver hits her thrice

BENGALURU: A private firm employee was allegedly attacked by an autorickshaw driver here when she refused his demand for extra fare.

Further, when she called the police helpline, operators allegedly told her: "Come to police station, we can't come to you."

The driver, Rizwan Basha, hit the woman four times but onlookers didn't come to her rescue. He is also affiliated to Ola Cabs service. Although it didn't happen when he was on duty with Ola, the operator said it terminated the driver's service from its platform.

"Though it did not happen on a ride booked through Ola app, we have zero tolerance for such behaviour. We are working with the customer to share all driver information, so as to help her report this incident to the authorities. We are committed to the safety and security of all users of the Ola app at all times," said Ola Cabs.

In her complaint posted on the Ola Cabs Facebook page, the woman said she got into the autorickshaw on the condition she would pay by the meter. But he demanded Rs 30 extra once he started going to her destination. When she protested, he got angry and shouted, "Chal utar."

READ ALSO: No impounding of autos for misbehaviour, fleecing in Delhi

When she said she'd complain to autorickshaw drivers nearby, Basha verbally abused her and stopped his vehicle. "He got off the autorickshaw and forcefully tried to drag me out by my wrist," she wrote on the social media site.

She called 100 from her mobile phone and started explaining the situation but the driver stood next to her and abused her loudly. She claimed police personnel didn't bother about her complaint. That's when the driver started hitting her on her arm.

"He had hit me hard about three times by now and I was scared. I started screaming for help and people gathered around as if I was a circus monkey and this master was trying to tame me by hitting me. No one came to my rescue," she wrote.

READ ALSO: Patients depend on autos inside MGMGH

When she took a cellphone photo of the driver, he got more furious and hit her again. By then, police called her back and when she explained the situation they asked her to come to the police station and they can't go to the spot.

On their FB page, police said the case has been forwarded the Traffic Management Centre. The woman was yet to file a police complaint till Thursday evening.

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Flipkart now paying million-dollar salaries to new top hires

BENGALURU: India's biggest online retailer and India Inc toddler Flipkart is paying million dollar-plus salaries along with stock options worth millions more to a clutch of engineers and a strategy expert it has poached from marquee global firms such as Google and McKinsey as part of its strategy to aggressively build a technology capability that can rival Amazon in the country.

Two of Flipkart's latest hires — Punit Soni, who joined from Google as its chief product officer, and Peeyush Ranjan, its head of engineering who also joined the Bengaluru firm from the web search titan — are getting fixed salaries of around $1 million (Rs 6.2 crore) a year each apart from $3-6 million in stock options, according to company sources familiar with their compensation.

READ ALSO: Peeyush Ranjan to join Flipkart as Senior VP

A third recent hire, Saikiran Krishnamurthy, who has joined Flipkart from global consulting firm McKinsey & Co as the chief operating officer of its commerce division, is also being paid a similar amount, they added.

The salaries would make them among the highest-paid engineers and non-board level executives across the Indian startup universe and probably even India Inc. Few Indian companies pay division heads as much, and million-dollar salaries are usually the preserve of CEOs.

The salaries Flipkart is paying the likes of Soni and Ranjan compares favourably with salaries of top executives in India's $146-billion information technology industry.

For example, at Wipro, CEO TK Kurien was paid $1.1 million, excluding stock options, in 2013-14, according to regulatory filings. TCS chief N Chandrasekaran took home a package of nearly $3.15 million while Cognizant CEO Francisco D'Souza took home a pay cheque of close to $1.5 million, excluding stock options.

Infosys' Vishal Sikka gets about $5.08 million, excluding stocks.

Flipkart sources said paying top-dollar salary was essential to lure talent, especially from Silicon Valley working at top global names. Unlike in India, top engineering talent in Silicon Valley can command salaries worth several millions of dollars.
In October 2013, Reuters news reported Twitter paid Christopher Fry, a senior vice-president of engineering at the microblogging site, $10.3 million, just behind CEO Dick Costolo's $11.5 million.

Building a team

"Fixed salary apart, stock options and joining bonuses are an effective tool to attract such talent to relocate from the Silicon Valley," said one person familiar with these hires. Flipkart is under pressure to build a team that can match Amazon on technology and innovation fronts, and fend off sprightly and pugnacious domestic rival, SoftBank-backed Snapdeal.

As ET reported last week, these high-profile hirings underscore a gold rush among fast-growing companies to tap into Silicon Valley for talent to bolster technology capabilities that are often a key differentiator in the fast-growing but cut-throat sector. Experts said such salaries were unlikely to be the norm.

"E-commerce top hiring is similar to how retail looked in 2000 and telecom during 2003-04. New capabilities have to be built, but these salaries are not sustainable," said Anandorup Ghose, who leads compensation and governance practice at Aon Hewitt.

Responding to an email query sent by ET on Thursday, a Flipkart spokesperson said on Friday morning the company does not comment on compensation details. "However, these numbers are completely inaccurate."

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Satyam fraud case: Ramalinga Raju, all other accused found guilty

Written By Unknown on Kamis, 09 April 2015 | 22.14

HYDERABAD: All 10 accused, including B Ramalinga Raju, in the multi-crore accounting fraud Satyam case were found guilty on Thursday by a special court in Hyderabad.

The quantum of sentence would be pronounced on Friday.

During the last hearing on March 9, special judge BVLN Chakravarthi said, "On April 9, the judgment will be pronounced. I am making it very clear. April 9 will be the final date for the verdict. No question of further adjournments. Court will not wait."

Touted as the country's biggest accounting fraud, the scam had come to light on January 7, 2009, after the firm's founder and then chairman B Ramalinga Raju allegedly confessed to manipulating his company's account books and inflating profits over many years to the tune of crores of rupees.

READ ALSO: Satyam case: Timeline

Raju was arrested by Andhra Pradesh Police's crime investigation department two days later after he allegedly confessed to the fraud, along with his brother Rama Raju and others.

All the 10 accused in the case are currently out on bail.

READ ALSO: Raju, kin made Rs 2,000 crore in Satyam scam, Sebi says

Trial over in Satyam scam

Around 3,000 documents were marked and 226 witnesses examined during the trial that began nearly six years ago.

Beside Ramalinga Raju, the other accused are, his brother and Satyam's former managing director B Rama Raju, former chief financial officer Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam and Satyam's former internal chief auditor V S Prabhakar Gupta.

Raju and others were charged with offences like cheating, criminal conspiracy, forgery and breach of trust under relevant sections of IPC for inflating invoices and incomes, account falsification, faking fixed deposits, besides allegedly falsifying returns through violation of various Income Tax laws.

In February 2009, the CBI took over the investigation and filed three charge sheets (on April 7, 2009, November 24, 2009 and January 7, 2010), which were later clubbed into one.

The first two chargesheets dealt with the account fudging by Raju with the assistance of nine others, while the third charge sheet relates to "violation" of various income tax rules.

While the CBI accused Raju and the others of cheating, breach of trust by way of inflating invoices and incomes in the first and third chargesheets, the second one dealt with the accused allegedly falsifying returns through violation of various IT laws.

During the trial, the CBI alleged that the scam caused a loss of Rs 14,000 crore to shareholders of Satyam, while the defence countered the charges saying the accused were not responsible for the fraud and all the documents filed by the central agency relating to the case were fabricated and not according to the law.

The Enforcement Directorate had also filed a charge sheet against them under Prevention of Money Laundering Act.

In January last year, Ramalinga Raju's wife Nandini Raju and sons Teja Raju and Rama Raju were among 21 relatives of the ex-Satyam boss who were convicted by a special court for economic offences here for default in income tax payment.

(With inputs from agencies)

Read in Hindi: ​सत्यम घोटाले में 10 दोषी करार दिए गए

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