New York

NY court OKs USD 1.75 bn award in Iran terror cases

New York - A federal appeals court says USD 1.75 billion for terrorism-related judgments against Iran can be distributed to victims of attacks, including a 1983 bombing that killed 241 Marines in Lebanon.

Lawyers for several hundred families of victims of the attack on a US Marine barracks in Beirut praised the ruling by the 2nd US Circuit Court of Appeals in Manhattan.

The ruling upheld a decision by a lower-court judge last year who rejected claims by lawyers for Bank Markazi, Iran's central bank.

The lawyers had argued that seizing the assets would conflict with treaty agreements between the United States and Iran.

Lawyers for the bank did not immediately return a message for comment on wednesday. (PTI)


U.S. not a monarchy, it has a history of political families: Hillary Clinton

Hillary ClintonNew York, July 9 - Former U. S. First Lady and Secretary of State Hillary Clinton on Tuesday defended her family and the Bushes against claims that the United States has been indirectly encouraging a monarchical system of governance on the lines of what has existed in the United Kingdom.

When asked in an interview with Germany's Der Spiegel magazine, whether the U. S. is at risk of becoming a monarchy if she or former Florida Governor Jeb Bush wins the presidency in 2016, Clinton replied in the negative, and added that America has a history of political dynasties.


Gay and lesbian couples have happier children: Study

Gay and lesbian couples have happier children: StudyNew York, July 8 - A new study has found that kids who have two moms or dads are happier than the ones who have a mom and dad as parents.

University of Melbourne researchers surveyed 315 same-sex parents, with a total of 500 kids, and found that children of such parents beat the general population by 6 percent in terms of health and family cohesion, the New York Post reported.


U.S. tightens airline passenger restrictions in view of anticipated terror threat

U.S. tightens airline passenger restrictions in view of anticipated terror threatWashington/New York, July 7 - The Transportation Security Administration in the United States has tightened security restrictions further for passengers taking international flights into the country in view of an anticipated terror strike.

According to a CNN report, passengers will now have to pass their cell phones and other electronic devices through additional inspection before boarding planes.


HRW tells Lanka Govt not to deport Pakistani minorities summarily

HRW tells Lanka Govt not to deport Pakistani minorities summarilyNew York, July 3 - At least 142 Pakistanis arrested in police sweeps in Sri Lanka in June 2014 are being detained and are at risk of deportation, Human Rights Watch said today.

It further said that the Sri Lankan controller general of immigration should not deport members of Pakistani minority groups until the UN refugee agency (UNHCR) has had full access to them and determined their need for international protection.


BNP Paribas to pay a record $8.97 bn in penalties to US

BNP Paribas to pay a record $8.97 bn in penalties to USNew York: France's largest bank BNP Paribas will pay a record USD 8.97 billion in penalties to settle charges that it "knowingly and willfully" processed transactions worth billions of dollars on behalf of Cuban, Sudanese and Iranian entities that had been blacklisted.

BNP Paribas, the global financial institution headquartered in Paris, agreed to enter a guilty plea to conspiring to violate the International Emergency- Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA), the first time a global bank has agreed to plead guilty to large-scale, systematic violations of US economic sanctions.


Woman charged with arson for setting fire to kill spider in US

Woman charged with arson for setting fire to kill spider in USNew York: A woman who tried to kill a spider by setting some towels on fire in her apartment has been arrested in the US state of Kansas on a charge of aggravated arson.

Ginny M Griffith was arrested on Friday after five Hutchinson Fire Department units were called out to extinguish a small fire in her half of a duplex at 121 West Seventh Avenue.

Although no one was injured, and there was no damage to the structure other than light smoke damage, Griffith was arrested on a charge of aggravated arson because the other half of the duplex also was occupied, authorities said.


Murdoch's News Corp sells community newspapers

Rupert MurdochNew York - Rupert Murdoch's News Corp. Said today it was selling a group of 11 community newspapers as part of a move to globalise and digitise its publishing operations.

News Corp., which was formed when Murdoch broke up his corporate empire into two separate units, did not disclose the terms of the sale of Community Newspaper Group (CNG) to Les and Jennifer Goodstein, owners of a group of New York city neighborhood publications.

The sale "helps us reshape the News Corp portfolio as we achieve greater globalisation and digitisation of our businesses with an eye towards long-term growth," said Robert Thomson, chief executive of News Corp.


Indian pleads guilty in $200 mn credit card fraud scheme

Indian pleads guilty in $200 mn credit card fraud schemeNew York - An Indian businessman, involved in USD 200 million credit card fraud schemes, has pleaded guilty to his role in the conspiracy and now faces a penalty of 15 years in prison.

The banking fraud is one of the largest ever prosecuted by US federal authorities businesses and financial institutions. The guilty, Vijay Verma (46) of New Jersey, is scheduled for sentencing in September.

Vijay Verma, who owns a store, pleaded guilty before US District Judge Anne Thompson in Trenton federal court to an information charging him with one count of access device fraud.


Report "Operation Blue Star" accepted by UNHRC

Report "Operation Blue Star" accepted by UNHRCNew York, June 23 - The United Nations Human Rights Council (UNHRC) has accepted a report on the 1984 "Operation Bluestar", a code name given by the Indian Army for a security operation to flush out militants from the Golden Temple complex in Amritsar.

The report was tabled during the 26th session of the UNHRC on "Interactive Dialogue On International Solidarity".

The report was submitted by U. S.-based human rights NGOs "International Educational Development" (IED) and "Association of Humanitarian Lawyers" (AHL), and the "Sikhs for Justice" (SFJ) rights group.


From lofty board room to lowly cell: Gupta begins prison term

From lofty board room to lowly cell: Gupta begins prison termNew York - Rajat Gupta, a one-time poster boy of Indians in America and former Goldman Sachs Director, today began his two-year prison sentence after fighting a protracted legal battle to clear his name in one of the biggest insider trading schemes in US history.

65-year-old Gupta, once regarded as among the most powerful and influential Indian-Americans on Wall Street, began serving his jail term at a minimum security satellite camp of the Federal Medical Center-Devens in Ayer, Massachusetts.


Obama sending 275 US military personnel to Iraq

Obama sending 275 US military personnel to IraqNew York, June 17 : Around 275 military personnel are being deployed to Iraq on the orders of US President Barack Obama.

According to New York Daily News, the announcement came after Secretary of State John Kerry said the US could enlist the help of Iran, one of its staunchest enemies, to deal with the Al Qaeda-aligned militants who have seized several major Iraqi cities.

Obama said that the increased number of military personnel heading to Iraq would protect the US embassy in Baghdad and also other US interests in the conflict-prone nation.


Gupta tells US appeals court $14 mn civil penalty too high

Gupta tells US appeals court $14 mn civil penalty too highNew York - India-born former Goldman Sachs director Rajat Gupta, scheduled to begin his two-year prison sentence today, told a US court that he should not be required to pay a heavy USD 13.9 million in civil penalties since he already has to pay over USD 11 million in criminal fines.

Gupta's lawyer Seth Waxman argued his case during a hearing before a three-judge panel of the 2nd US Circuit Court of Appeals here yesterday.


US Supreme Court rejects Rajat Gupta's last bid to avoid jail

US Supreme Court rejects Rajat Gupta's last bid to avoid jailNew York: India-born former Goldman Sachs director Rajat Gupta will have to report to jail on June 17 to begin his two-year sentence on insider trading charges after the US Supreme Court rejected his last-ditch bid to stay out of prison while he appealed his conviction.

Gupta, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his prison term on Tuesday.


US Supreme Court denies Rajat Gupta's last bid to avoid jail

US Supreme Court denies Rajat Gupta's last bid to avoid jailNew York - India-born former Goldman Sachs director Rajat Gupta will have to report to jail next week to begin his two-year sentence on insider trading charges after the US Supreme Court rejected his bid to remain free on bail till his appeal for rehearing his conviction is decided on.

Gupta, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his prison term on June 17.


Syndicate content