Tue, 21-Oct-2025

Kingfisher tycoon Vijay Mallya sentenced to jail in India

Kingfisher tycoon

Vijay Mallya was convicted of contempt of court for breaching order related to his Airlines. The erstwhile tycoon left India in 2016 after defaulting on debts totaling more than $1 billion He could be extradited from the UK to India to face charges there. Tycoon Vijay Mallya was given a four-month prison sentence by India’s … Read more

Sunny Balwani of Theranos is convicted of fraud by a U.S. jury

U.S. jury

A jury convicts former Theranos President Ramesh “Sunny” Balwani of defrauding investors and patients. The San Jose, California, jury deliberated for a little more than five days. Theranos founder Elizabeth Holmes was convicted on three counts of fraud in January. A U.S. jury on Thursday indicted previous Theranos Inc President Ramesh “Bright” Balwani of swindling … Read more

US court convicts Chinese intelligence agent of economic espionage

WASHINGTON:  A Chinese intelligence officer was convicted in US federal court on Friday of economic espionage in an alleged state-backed effort to steal technology from US and French aerospace firms, the Justice Department said. Xu Yanjun, an official in the Jiangsu province foreign intelligence office of the ministry of state security, was found guilty in … Read more