Friday, October 31, 2014

Criminal News Headlines | National News - Yahoo India News

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Criminal News Headlines | National News - Yahoo India News

Latest crime news headlines from Yahoo India News. Find top stories, videos, pictures & in-depth coverage on crime news from national news section.



SEBI piles pressure on Sahara to sell overseas hotels
3:52:56 PM

Bicycles are parked near the Plaza Hotel in the   Manhattan borough of New YorkBy Suchitra Mohanty and Himank Sharma MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed head Subrata Roy. The Supreme Court has asked Sahara to pay 100 billion rupees ($1.6 billion) initially to secure bail for Roy, a flamboyant businessman who has often been photographed with senior politicians, professional cricketers and Bollywood movie stars. The SEBI says that the total amount Sahara owes to investors is about 470 billion rupees and has petitioned the country's top court to order the company to reveal details of offers it received for the sale or mortgage of its hotels, according to court documents seen by Reuters. Roy was sent back to a regular jail cell this month after spending two months in a makeshift prison office fitted with computers and phones to enable him to conduct negotiations with prospective buyers for Sahara's three hotels, including the Plaza in New York and Grosvenor House in London.




Somali pirates free Indian sailors after four years in captivity
3:31:22 PM
Somali pirates have freed seven Indian sailors detained for close to four years in exchange for an undisclosed ransom, Somali officials and a maritime monitoring group said on Friday. At one time the pirates made millions of dollars in ransoms from seizing ships sailing the Horn of Africa nation's waters, but increased patrols by international navies on the Indian Ocean have reduced incidences of piracy. Their captors said at the time that they would only release the seven sailors when their fellow Somali pirates held by Indian authorities were freed. Kenyan-based Ecoterra International, which monitors maritime activity on the Indian Ocean, confirmed the sailors' release.


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