$25 Million Judgment

first_imgThe U.S. Securities and Exchange Commission has won a $24.6 million default judgment against Deep Shah, a fugitive in the Galleon insider trading case.Shah, an ex-analyst at Moody’s, was charged with providing insider tips to Intel’s Roomy Khan, who in turn passed them onto Galleon founder Raj Rajaratnam, who was recently convicted of insider trading.Lawyers for the SEC said Shah had been traced to Mumbai, where a bailiff delivered a complaint at his residence in Juhu in March 2010. He did not respond to the complaint and the judge issued a default judgment.  Related Itemslast_img read more

Mumbai Indians thrash Kings XI Punjab by 8 wickets

first_imgSHARE cricket Playing shots that would delight the purists, Amla spanked all the Mumbai Indians bowlers en route his unbeaten 104 off 60 balls, which included as many as six sixes apart from eight boundaries. Skipper Glenn Maxwell, on his part played a typically breezy innings smashing 40 off 18 balls with the help of four boundaries and three sixes. It was baffling as senior pro Harbhajan Singh, who gave away only 12 runs in 2 overs, didn’t get to finish his quota of overs. The talented Nitish Rana (62 no off 34 balls) was equally exhilarating as he also sent the Kings XI bowlers on a leatherhunt hitting as many as seven sixes. Buttler-Rana stand got MI 85 runs in less than 8 overs. The pint-sized Parthiv Patel also matched him stroke for stroke as they basically finished the contest in the Powerplay overs itself adding 81 runs. Parthiv’s contribution was 37 off 18 balls, hitting four boundaries and two sixes. It was the 3rd wicket partnership between Amla and Maxwell that produced 83 runs in only 5.3 overs to send the Mumbai attack in complete disarray. Jos Buttler went on a rampage with a breathtaking 37-ball-77 as Mumbai Indians cantered home by eight wickets against Kings XI Punjab maintaining their pole position in the Indian Premier League, here tonight. If Amla was sublime, Buttler’s power-packed shots were scary as he hit seven fours and five sixes, completely overshadowing the effort from the illustrious South African. Rana got the ‘Purple Cap’ back and finished the match with a six off Mohit Sharma. It was the 15th over of the innings were Maxwell decided to tee off taking 28 runs off the Mitchell McLenaghan over. Mumbai now have 10 points from six games having won five matches in a row while KXIP slumped to their fourth defeat. April 20, 2017 Finally, Marcus Stoinis bowled a slower one as Parthiv mistimed it to Maxwell standing at the circle at mid—off pouched an easy catch. Buttler was seen muscling Sandeep ovr extra cover as Glenn Maxwell had no answer to this onslaught. If Sandeep with his military medium pace was getting tonked by Buttler for bowling fuller deliveries, Parthiv was seen using Ishant’s bounce whipping him for a six behind square. Jos Buttler of the Mumbai Indians bats during IPL Match against Kings X1 Punjab in Indore on Thursday. – PTI Hashim Amla’s superb 103 enabled Punjab put up a competitive 198 for 4 in 20 overs but Buttler made a mockery of the target with Mumbai Indians knocking off the runs in only 15.3 overs. The last six overs produced an astounding 87 runs after KXIP were 111 for 2 at the end of the 14th over. Chasing a near 200-target needed a mandatory good start and Jos Buttler was finally up for it as he punished the two ’Sharmas’ —— Ishant and Sandeep with equal disdain. COMMENT COMMENTS Both the batsmen matched each other stroke for stroke as the 50 came up in the fourth over itself. SHARE SHARE EMAIL The KXIP skipper hit the hapless New Zealand international for three sixes and two fours as he got the required momentum. The very next over from Malinga saw Amla punce on him taking 22 off that over and suddenly 50 runs came off two overs. Jos Buttler of the Mumbai Indians bats during IPL Match against Kings X1 Punjab in Indore on Thursday. – PTI While Jasprit Bumrah cleaned up Maxwell but Amla was well set by then as he showed one and all that a century in shortest format could be scored playing all the proper cricketing shots. There were drives on the up, cut shots and also lofted shot in—front of the square as well as behind the square. The true nature of the pitch also helped Amla, who infact enjoyed Malinga’s back of the length deliveries. × Published on Earlier Amla’s classy hundred powered Kings XI Punjab to a competitive 198/4 after being put into bat first. IPL 2017 There were straight hits, shirt arm jabs over long-on, slashes over point, hook, and a majestic pull—shot in ’Nataraja style’, which brought up his first hundred in shortest format as well second of this edition. In fact five of the half dozen sixes were hit off Sri Lankan slinger Lasith Malinga (0/58 in 4 overs).last_img read more

Six Greek Australians in Financial Reviews 2018 Rich List

first_imgWhile most salaries in Australia have remained stagnant for the last few years, billionaires keep profiting at an unprecedented level. The Australian Financial Review, undertook its hardest ever task calculating the net worth of its Rich Listers for 2018.The Financial Review Rich List includes Australia’s 200 richest people; the publication has had to add another 16 from billionaires since last year’s edition alone. In total, this year’s list features a record 76 billionaires.Kerry HarmanisAccording to Rich List editor John Stensholt the wealth of the already rich in Australia is skyrocketing at a whopping 21 per cent, with tycoons collectively amassing $283 billion.For the second consecutive year Anthony Pratt tops the list with a net worth reaching $12.9 billion. The paper manufacturing and recycling tycoon’s fortune is surging mainly due to Pratt Industries’ rapid growth in the United States.Theo KaredisClosely following Pratt are:Harry Triguboff – $12.77bGina Rinehart – $12.68bHui Wing Mau – $9.09bFrank Lowy – $8.42bIvan Glasenberg – $8.32bJohn Gandel – $6.45bAndrew Forrest – $6.1bVivek Sehgal – $5.88bJames Packer – $5.25b Facebook Twitter: @NeosKosmos Instagram Nick PolitisAmong Australia’s 200 Richest for 2018 one can find six business moguls of Greek heritage who have racked up millions from their ventures. For the first time The Financial Review lists two Greek Australian billionaires.The wealthiest Greek on the Rich List is Sydneysider car dealer and chairman of rugby league club Sydney Roosters Nick Politis with a difference. Sitting on the 55th place, he has doubled his fortune within only one year, taking his worth up to $1.35 billion from $773 million in 2017.Spiros AlysandratosNext is developer and property manager Con Makris from Adelaide with a $1.26 billion fortune that has not changed since last year.Melbourne also features on the list, represented by wholesale travel guru Spiros Alysandratos who’s net worth has gone up from $582 million last year to $800 million.Sydney’s developer and liquor king Theo Karedis is next with $737 million, followed by property developer Harry Stamoulis and his $660 million.Last but not least, is mining pioneer, Kerry Harmanis, from Perth whose wealth is estimated at $654 million.Harry Stamoulislast_img read more