World
Prosecutors to decide on Samsung heir's arrest by Sunday
Prosecutors investigating Samsung heir Lee Jae-yong's possible involvement in a corruption scandal that led to the impeachment of South Korean President Park Geun-hye will decide by Sunday whether to arrest him, media reports said on Friday.
 
"It appears that a decision on Vice Chairman Lee's arrest will be made tomorrow or the day after tomorrow," Yonhap news agency quoted investigation team spokesman Lee Kyu-chul as saying at a press briefing. 
 
Lee Jae-yong returned home on Friday after a marathon questioning session by prosecutors all night over suspicions that the country's largest family-run conglomerate gave financial support to Park's confidante Choi Soon-sil.
 
Choi, nicknamed the "female Rasputin", is being considered the apparent brain behind the plot involving business favours using her close relationship with Park.
 
The prosecution believes that the Samsung group signed a contract worth $18.6 million with a company based in Germany owned by Choi and also provided financial support for the equestrian training of her 20-year-old daughter.
 
Samsung also donated $17.3 million to two non-profit foundations operated by Choi. 
 
However, the Samsung chief insisted that they thought the money was given for good causes such as promoting local culture abroad and the sports sector.
 
It was suspected that the contract was signed in exchange for support from the National Pension Service for a major merger agreement between Samsung's subsidiaries in 2015.
 
Samsung admitted the donations but denied that they had been made to secure return favours in the merger process.
 
Lee Jae-yong took over the reins of the Samsung conglomerate after his father Lee Kun-hee in May 2014 suffered a heart attack, which still keeps him hospitalised and speechless.
 
The "female Rasputin" case sparked outrage in South Korea and led to Park's impeachment in December 2016. Park is now waiting for the South Korean constitutional court to decide whether the impeachment vote against her is valid.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Special data vouchers permitted with 365 days validity
The Telecom Regulatory Authority of India (TRAI) on Friday released the Telecom Consumers Protection (Tenth Amendment) Regulations, 2016 permitting special data vouchers with longer validity of 365 days.
 
The present regulatory regime allows telecom service providers (TSP) to offer data services in the form of special tariff vouchers either exclusively or in combination with other tariff items with a maximum permitted validity of 90 days, an official statement here said.
 
"Requests were received in TRAI seeking longer validity of data-packs primarily to address the concern of marginal consumers of wireless Internet who prefer lower denomination data packs with longer validity," the statement added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

 

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Don't rush to judgement, these four true tales teach us (The Funny Side)
A couple of years ago, a friend accused me of being really slow on the uptake, so I called him last night. "Yep," I said.
 
One should always take time over important issues instead of rushing to judgement.
 
Case in point: A recent news report says police were shocked to see the driver of a forklift truck use her vehicle's pointy bits to pick up and move a van that someone had parked in front of her house.
 
It was a cheeky, dangerous act, so police detained the driver and then set out to trace the van owner. It turned out to be the forklift driver.
 
"Villain and victim were the same person," said reader Sarath Malhotra, who forwarded me the link to the news story from the US state of Wyoming.
 
Police realised they now lacked a victim to file a complaint and so had to prosecute the motorist for Wearing Flipflops While Operating a Forklift, which is apparently an actual offence. (It is clear to me that law-makers worldwide work in three separate divisions: Criminal Law, Civil Legislation and Silly Laws, the third group being by far the most prolific.)
 
Anyway, the tale presaged the arrival in my inbox of a rash of news reports with unexpected twists.
 
An email from a regular contributor reported a recent incident in the UK town of Wiltshire. A woman saw a man with some sort of long-bladed weapon lurking menacingly in a quiet street. She called police and nine squad cars full of officers turned up -- to find a man trimming a hedge. The conversation went something like this. "What are you doing?" "Trimming my hedge, then having a cup of tea and a nap." "No mass murders or terrorist activities?" "I don't think so but I'll check my diary."
 
Next came a news item from the Washington Post. An old, homeless bag lady had long the habit of making deranged-sounding claims that the government owed her $100,000. Eventually a kindly social worker took the trouble to read through the paperwork in one of the woman's bags -- and discovered that the government owed the woman, 80-year-old Wanda Witter, $100,000. Be nice to homeless people, who may well have more disposable income than we do.
 
The fourth tale-with-a-twist came from a reader who collects "dumb criminal" reports. In California, a fugitive female, 29, found a pair of handcuffs at a friend's house and made a snap decision to try them on. Click! Now where's the key? No key! Unable to remove them, she called the police for help. They turned up at the house and were delighted to find a woman they had been looking for, pre-cuffed and ready to go. This was kind of like a Christmas present for police detectives, who usually have to do all their own detecting and handcuffing.
 
So there we go. Don't make rush decisions.
 
Yet there are exceptions. I told my children that I will love them unconditionally whatever they do, even if they rob banks or start wars, but if they ever use the words "cray-cray", "whatevs" or "swag" I kick them out and change the locks right now. That's reasonable, right?
 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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