HC stays BSY govt s order to drop criminal prosecution in 61 cases against MLAs, ministers
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December 21, 2020
Bengaluru, Dec 21: In a setback for Chief Minister BS Yediyurappa-led government, the Karnataka High Court on Monday stayed a state government order to drop criminal prosecution in 61 cases against Members of the Legislative Assembly (MLAs) and ministers.
A division bench of Chief justice Abhay S Oka and Justice Vishwajith Shetty stayed the order, which was issued on August 31 earlier this year. We direct that no further steps shall be taken on the basis of order based August 31, the bench said.
The bench was hearing a petition filed by an NGO named People Union of Civil Liberties, Karnataka, challenging the August 31 order wherein the government had granted permission for the withdrawal of prosecution of 61 cases under Section 321 of the Code of Criminal Procedure.
Israeli-UAE group to buy BR Shetty s Finablr for $1
DUBAI, December 20, 2020 Finablr, the scandal-hit payments and foreign exchange solutions company, has decided to sell its operations to Global Fintech Investments Holding AG (GFIH), an affiliate of Prism Group AG of Israel, for $1. Finablr, owned by NRI businessman BR Shetty, has announced that it has entered into a definitive agreement with GFIH to sell the entire issued share capital of Finablr Limited, its wholly owned subsidiary, for a nominal initial consideration of $1 , said a report. Prism Group, linked to a former Israeli Prime Minister Ehud Olmert, has formed a consortium with Abu Dhabi s Royal Strategic Partners (RSP) in connection with the transaction, said the Khaleej Times report.
BR Shetty
File Photo
UAE-based Indian billionaire BR Shetty s company Finablr Plc is getting ready to sell its business to an Israeli-UAE consortium for $1, capping the collapse of a business that had a market value of $2 billion (Rs 14,700 crore) last December.
According to media reports, Finablr, the scandal-marred platform for payments and foreign exchange solutions, announced that it has entered into a definitive agreement with Global Fintech Investments Holding (GFIH), an affiliate of Prism Group of Israel, to sell to GFIH the entire issued share capital of Finablr Limited.
Prism Group, linked to a former Israeli Prime Minister Ehud Olmert, has formed a consortium with Abu Dhabi s Royal Strategic Partners (RSP) in connection with the transaction.
Mystery illness hits in Andhra, Jagan Mohan Reddy visits hospital to interact with patients
Rags to riches makes for inspirational stories, unfortunately riches to rags is what makes for a viral story. Interestingly, India has plenty of both. One of those joining the list happens to be UAE-based Indian billionaire BR Shetty s company Finablr Plc, which is getting ready to sell its business to an Israeli-UAE consortium for a shocking $1. It was only last December the company was valued at $2 billion (Rs 14,700 crore). The company reported more than $1 billion in undisclosed debts in April.
NRI billionaire Bavaguthu Raghuram Shetty, founder of NMC HealthWikimedia Commons
Shocker! UAE-based Indian billionaire BR Shetty s company sold for $1
Finablr had a market value of $2 billion last December and reported more than $1 billion in undisclosed debts in April. Businessman BR Shetty. (Source: Twitter)
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Updated: Dec 18, 2020, 03:47 PM IST
UAE-based Indian billionaire BR Shetty’s company Finablr Plc is getting ready to selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business that had a market value of 1.5 billion pounds ($2 billion) last December.
Finablr, the scandal-marred platform for payments and foreign exchange solutions, announced that it has entered into ‘a definitive agreement’ with Global Fintech Investments Holding (GFIH), an affiliate of Prism Group of Israel, to sell to GFIH the entire issued share capital of Finablr Limited.