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Insight - Savers in dark over Sahara's latest shadow banking schemes | Wednesday, December 23, 2015 2:39 AM | |
| By Sumeet Chatterjee PATNA, India (Reuters) - In 2004, Khitish Kumar Pandey took 10,000 rupees ($150) out of his pension and put it into a savings plan run by India's embattled Sahara conglomerate. The Sahara agent told him his money would triple in 10 years. Sahara India Pariwar (family) had become one of India's most successful companies over the past three decades with this kind of financial alchemy, turning tiny deposits into dreams for small farmers, rickshaw pullers and food vendors with little financial knowledge.
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Factbox: Money laundering probe into Sahara | Wednesday, December 23, 2015 2:27 AM | |
| Although it has businesses ranging from finance and property to media and Formula One motor racing, India's troubled Sahara has never been very transparent on the source and use of the billions of dollars it has raised from mostly small investors. Suspicions have swirled for years that many of Sahara's millions of investors are fictitious names. A team of officials from the Enforcement Directorate, which is responsible for fighting economic crime, last month visited Sahara headquarters in Lucknow to gather data as part of a probe into possible money laundering, said two department officials.
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'Star Wars' fan arrested over threat to student who revealed plot - prosecutor | Wednesday, December 23, 2015 12:18 AM | |
| (Reuters) - A Montana man has been arrested on suspicion of threatening to shoot a student for divulging a plot line from the newly released Star Wars epic, court documents showed on Tuesday. Police say Arthur Roy, of Helena, got "angry" with a student he had befriended on Facebook after the boy gave up a subplot to "Star Wars: The Force Awakens" during an online conversation last week. During the online fight that ensued, Roy is alleged to have posted a photo of himself in which he appears to brandish a gun, which he indicates is a Colt 1911 with a "hair trigger," according to a probable cause affidavit. |
Polish parliament passes contentious amendment to top court law | | By Marcin Goettig WARSAW (Reuters) - Poland's lower chamber of parliament passed a constitutional court law amendment on Tuesday that the supreme court and activists said would undermine the separation of power and paralyse the constitutional court. The vote was a twist in a constitutional crisis that Poland entered after lawmakers from the ruling Law and Justice (PiS) party appointed five judges to the 15-member constitutional court, also called the constitutional tribunal, in a move the opposition said was illegal. The amendment approved by the PiS-controlled lower chamber would require the 15-member constitutional court to pass most of its rulings with two-thirds of votes with at least 13 judges present.
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After Paris accord, most U.S. Republicans back action on climate | | By Megan Cassella WASHINGTON (Reuters) - A majority of U.S. Republicans who had heard of the international climate deal in Paris said they support working with other countries to curb global warming and were willing to take steps to do so, according to a Reuters/Ipsos poll on Tuesday. The desire for action is notable for an issue that has barely made a ripple on the campaign trail among 2016 Republican presidential candidates. Few of the Republican White House contenders have said much at all about the United Nations summit in Paris this month, though Democratic candidates, such as Hillary Clinton, have welcomed it.
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Driver who plowed into Las Vegas crowd charged with murder | | By Alexia Shurmur LAS VEGAS (Reuters) - An Oregon woman accused of plowing her car into a crowd on the Las Vegas Strip, killing one person and injuring dozens of others, was charged with murder on Tuesday as investigators sought a reason for her actions. Lakeisha N. Holloway, 24, who was arrested after the incident on Sunday, has been charged with murder with a deadly weapon in the death of a 32-year-old Arizona woman. "I am confident that, as the investigation unfolds, we will be filing many more charges against Ms. Holloway," he said. |
French minister questions ban on would-be FIFA chief Platini | | France's sports minister questioned the legitimacy of FIFA's Ethics Committee on Tuesday after it imposed an eight-year ban that appears to have ended his compatriot Michel Platini's chances of becoming head of the world football body. FIFA's outgoing president, Sepp Blatter, and Platini, head of the European football body UEFA, were both banned on Monday over a payment of 2 million Swiss francs ($2 million) made to Platini with Blatter's approval in 2011 for work done a decade earlier. The committee said the payment, made at a time when Blatter was seeking re-election, lacked transparency and presented conflicts of interest, though both men denied wrongdoing.
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Brazil lawmaker's report could sink impeachment push | | By Anthony Boadle BRASILIA (Reuters) - A key member of Brazil's Congressional budget committee has recommended the approval of the 2014 accounts of President Dilma Rousseff's government, which could undermine her opponents' case for impeaching her. Senator Acir Gurgacz, who is charged with reporting to the committee on a ruling by Brazil's Federal Audit Court that the Rousseff administration broke the law by disguising spending last year, said he recommends approving the 2014 accounts. Rousseff's opponents are seeking to impeach her alleging that she broke Brazil's budget law by resorting to accounting tricks to hide greater public spending aimed at boosting the economy during her re-election campaign last year.
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Pennsylvania teen indicted for aiding Islamic State -Justice Dept | | A Pennsylvania teenager was indicted on Tuesday after investigators said he tried to help individuals travel to the Middle East to join Islamic State, the U.S. Justice Department said. Jalil Ibn Ameer Aziz, 19, of Harrisburg, Pennsylvania, was indicted by a federal grand jury in Scranton on charges of conspiring and attempting to provide material support to the militant group, the Justice Department said in a statement. When Aziz was arrested on Thursday, prosecutors said he had used at least 57 Twitter accounts to advocate violence against Americans, disseminate Islamic State propaganda and post the names of U.S. military members that he said should be targeted. |
IAAF's Davies steps aside to allow ethics investigation | | By Mitch Phillips LONDON (Reuters) - Nick Davies, a leading official at the world athletics federation (IAAF), said on Tuesday he would step aside while an ethics committee investigated emails he had sent regarding Russian doping ahead of the 2013 world championships in Moscow. On Monday, the French newspaper Le Monde published an email sent by the Briton to Papa Massata Diack, a former IAAF marketing consultant and the son of former IAAF president Lamine Diack, that discussed developing a media strategy to limit the news impact of a series of positive tests by Russian athletes. Davies was the IAAF's director of communications at the time, but is now director of IAAF President Sebastian Coe's office.
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