MATTOON Taneya Higginbotham spoke to the Kiwanis Club of Mattoon about The RealiTea ProjecT during a recent Kiwanis Zoom meeting.
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On October 17, at around 5 pm, R Subramaniakumar, the administrator of Dewan Housing Finance, received an unusual letter from an inmate of Taloja jail near Mumbai. The nine-page letter was from the finance companys erstwhile promoter Kapil Wadhawan, detailing an offer to settle all dues in exchange for taking back control of the firm.
Wadhawan, who was in prison over allegations of fraud, had timed his letter to coincide with the last day for submission of bids for the debt-laden housing finance company under the insolvency process. He offered his personal and family properties, which he claimed were worth 43,000 crore, for repayment of outstanding loans. On the same day, Subramaniakumar also received bids from several entities includin…
Read the full article at: https://www.thehindubusinessline.com/specials/corporate-file/when-former-biz-owners-try-the-back-door/article34745681.ece
Katie Price has responded to rumours shes due to enjoy a huge pay day by joining Big Brother Australia this summer.
The former glamour model, 43, was said to be in talks to join the Aussie reality show.
Katie has struggled with financial woes for years now, and has been declared bankrupt.
Read more: Katie Price broodier than ever as she plans for sixth child
But, according to a TV insider, BB Australia was willing to pay a substantial fee to get Katie on the show.
And now a representative for Katie has set the record straight.
Is Katie Price going on Big Brother Australia?
Katie is popular Down Under, especially as she met her first ex-husband Peter Andre i…
Read the full article at: https://www.entertainmentdaily.co.uk/tv/katie-price-responds-to-big-brother-australia-rumours-amid-claims-of-huge-pay-day/
A group of international lenders is battling for greater transparency and governance changes at a major Dubai real estate investment trust ahead of a crunch vote on its restructuring plans on Monday, marking a rare case of investor activism in the Gulf.
Emirates REIT, the largest sharia-compliant Reit in the United Arab Emirates, faces resistance from a group of debtholders as it seeks to restructure a $400m Islamic bond, or sukuk, maturing in December 2022. A $10.2m payment is due later this month.
The dispute poses another challenge for the Gulfs commercial hub as the UAE seeks to clear its reputation in the wake of several financial scandals, including the collapse of UK-listed, Abu Dhabi-based hospital operator NMC and the Dubai-bas…
Read the full article at: https://www.ft.com/content/0bd88878-24d9-4a32-8d78-db4ef7bf54ae
New Delhi: Dewan Housing Finance Corporation (
) on Sunday reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021. The company, which is under corporate insolvency process, had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal. The company had reported a loss of Rs 13,095.38 crore in the December quarter of 2020-21.
For the full year 2020-21, the non-banking finance company posted a net loss of Rs 15,051.17 crore, which widened from Rs 13,455.81 crore in 2019-20, DHFL said in a regulatory filing.
Total consolidated income during Q4FY21 fell to Rs 2,060.57 crore from Rs 2,160.98 crore in Q4FY20. For FY21, total income was down at Rs 8,802.78 crore as …
Read the full article at: https://economictimes.indiatimes.com/markets/stocks/earnings/dhfl-q4-results-net-profit-rises-to-rs-97-crore/articleshow/83280785.cms
The Uniting Church in Australia’s Tasmanian synod has urged the government to swiftly progress the passage of legislation to prevent interactive gambling providers from directly or indirectly accepting credit card payments. A Senate inquiry has been tasked to examine the bill and its due to provide its final report to Parliament on July 30. The synod’s senior social justice advocate Mark Zirnsak in a submission to the inquiry said a ban on credit card usage would benefit those harmed by gambling problems and only provide minor inconvenience for those who used credit cards to make low-value or occasional bets. IN OTHER NEWS: “The online wagering corporations will still be able to accept payment by debit cards or by accounts topped up by…
Read the full article at: https://www.examiner.com.au/story/7285436/ban-on-credit-cards-for-gambling-supported-by-church/
Dewan Housing Finance Corporation Ltd (DHFL) reported a consolidated net profit of Rs 96.75 crore for the fourth quarter of 2020-21 as against a net loss of Rs 7,507.01 crore a year ago.
For the full fiscal 2020-21, it had a consolidated net loss of Rs 15,051.17 crore compared to a net loss of Rs 13,455.81 crore in 2019-20.
For the quarter ended March 31, 2021, DHFL reported a 22.4 per cent drop in its total revenue from operations at Rs 2,034.53 crore versus Rs 2,623.40 crore a year ago.
Total income also declined to Rs 2,060.57 crore for the fourth quarter last fiscal from Rs 2,160.98 crore a year ago.
The company has not made any provision for interest on borrowings amounting to Rs 1,91,213 lakh and Rs 7,65,155 lakh for the quarter a…
Read the full article at: https://www.thehindubusinessline.com/companies/dhfl-reports-net-profit-of-rs-9675-crore-in-q4/article34743240.ece
A doctor has bravely opened up of his crippling gambling addiction which drove him to defraud NHS and lose 10,000 in one night.
Aled Jones, 39, hit rock bottom after losing the eye-watering sum on a single bet.
To service the debt, he resorted to claiming payment for overlapping shifts, falsifying cheques, carrying out out-on call shifts during his contracted hours and claiming payment for shifts he didn’t work – all while employed as a hospital registrar.
He took a grand total of 66,000 throughout the period of the fraud, between 2016 and 2019, while he was working at the University Hospital of Wales, in Cardiff.
Aled reached rock bottom following his arrest and subsequent sentencing to a suspended prison sentence of two years, at Ca…
Read the full article at: https://www.mirror.co.uk/news/uk-news/gambling-addicted-doctor-stole-60k-24254783
Rakesh K Yadav says he got Rs 16 lakh as part of settlement
Neha Alawadhi | New Delhi
Last Updated at June 5, 2021 18:11 IST
Gurugram-based hotelier Rakesh K Yadav, who filed a plea with the The National Company Law Tribunal against a unit of hospitality firm Oyo, has withdrawn the case after resolving issues with the company.
After open discussion with teams from Oyo and its subsidiaries, I fully withdraw the case and confirm that all issues are resolved. I also acknowledge the receipt of Rs 16 lakh under the MSA (master service agreement) with MTH. I have observed in my interactions that Oyo and its employees are always committed to professional conduct and business practices. I am thankful for Oyo’s innovativ…
Read the full article at: https://www.business-standard.com/article/companies/oyo-nclt-case-hotelier-to-withdraw-insolvency-plea-against-oyo-unit-121060500804_1.html
Higginbotham, the project developer, described the project mission as: Discussing the reali-tea on racial injustice and racial equity to stimulate righteous actions and transform communities.
Higginbotham
The RealiTea ProjecT is meant to facilitate safe and open dialogue on sensitive subjects throughout the community by facilitating interviews and discussi…
Read the full article at: https://jg-tc.com/business/local/realitea-project-developer-speaks-to-mattoon-kiwanis/article_ff35f40e-12f6-527e-9898-e14c1c7aaef5.html
A doctor has spoken of his crippling gambling addiction which led him to defrauding the NHS and losing 10,000 in one night on a tennis match.
Aled Jones resorted to claiming payment for overlapping shifts, falsifying cheques, carrying out out-on call shifts during his contracted hours and making claims for payment for shifts he didn’t work – all while employed as a registrar at the University Hospital of Wales, in Cardiff.
Throughout the period of the fraud, between 2016 and 2019, he took 66,000.
The 39-year-old reached rock bottom following his arrest and subsequent sentencing to a suspended prison sentence of two years, at Cardiff Crown Court in March.
But since then he has battled against his gambling addiction which took over ever…
Read the full article at: https://www.walesonline.co.uk/news/wales-news/gambling-debt-fraud-nhs-doctor-20737528
SINGAPORE: The judicial managers of Hyflux have filed an application with the Singapore courts to wind up the embattled water treatment firm.
In a filing to the Singapore Exchangelate Friday (Jun 4) night, the judicial managers fromBorrelli Walsh, who were appointed in November last year, said a restructuring is not possible after talks with an investor fell through.
They added that the continuation of thejudicial management of Hyflux is no longer necessary and the remaining value of the company is best realised in a liquidation.
READ: High Court grants bank creditors application to place Hyflux under judicial management
More than three years have passed since Hyflux, one of Singapores most iconic busines…
Read the full article at: https://www.channelnewsasia.com/news/business/hyflux-judicial-managers-file-liquidation-restructuring-fail-14950224
LONDON (Reuters) – Poor countries struggling to meet their dues in the wake of the COVID-19 crisis should be given a temporary buffer to avoid the risk of credit rating downgrades while they renegotiate their debt, a study published on Friday said.
Costs from the pandemic have triggered a spiralling in the public debt burdens of many developing countries, prompting the G20 group of major economies to last year unveil a proposal designed to help governments to overhaul the debt they owe to official and commercial creditors.
But participation in the G20 common framework has been limited so far by fears that countries signing up will face credit rating downgrades because of potential losses for private creditors from an…
Read the full article at: https://www.reuters.com/article/ousivMolt/idUSKCN2DG0US