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the inflection point is nigh

April 20, 2020

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courtesy of JP Morgan

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in the hills

in the hills courtesy PTI New Delhi, Mar 14 (PTI) The CBI on Saturday filed a charge sheet against Hilal Rather, son of former Jammu and Kashmir minister Abdul Rahim Rather , in connection with a Rs 177-crore bank fraud scam within 10 days of taking over the case, officials said. In the charge sheet filed before Special Court, Jammu, the CBI has also named the then branch heads of J and K Bank , New University Campus branch Iqbal Singh and Arun Kapoor as accused, they said. A special investigation team is probing the case, earlier investigated by the Anti Corruption Bureau of the UT, since the CBI registered the FIR on March 4 on the request of Union Territory (UT) of Jammu and Kashmir, they said. The CBI has alleged that Hilal Rather entered into a criminal conspiracy with the then officials of the Bank to get loans of Rs 177.68 crore(approx) in violation of rules and guidelines. "The loans that were sanctioned for construction of flats were allegedly diverted and misappropriat

bags of cash

The perpetrator spent seven years in Mexico spreading $4 million to government officials, union leadership, and intermediaries for the right to lend to their charges. The investigation started in 2017 and settled for $21 million, 3% of a 633 million market cap. The stock is flat for the year and up 60% from the March lows. Shorts are 26% of a float that trades 50,000 shares a day by appointment and would take twenty days to cover. Enjoy

breathless

Diabetes challenges 400 million people around the world a number expected to double in twenty years. These are the known patients that are banked and insured not those that occupy conflict zones or are fleeing from genocide on boats bobbing in the Andaman Sea . India has world-class treatment for diabetes and is a destination for global patients. Unless the patient is an accused money launderer who layered $30 million in bribe money into the country for a UK helicopter company to be awarded a $750 million contract at a price 30% greater than its American competitor in a deal that began in 2003. $750 million would provide income to 375,000 citizens for one year which might be more important than ferrying the hind and other quarters of elevated thinkers who might otherwise differ. The American helicopters were offered at $250 million less, without the bribe, or the cost of 125,000 jobs. That the helicopters, twelve, required any bribes at all insulted the intelligence if not the se

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