A doctor, who was part of the team treating Sarabjit said he died of cardiac arrest, adding that doctors made several unsuccessful attempts to resuscitate him
Indian death row prisoner Sarabjit Singh died of cardiac arrest in a Lahore hospital in the wee hours today after being comatose for nearly a week following a brutal assault by other inmates of a high-security jail, officials said.
“I received a call from the doctor on duty (at Jinnah Hospital) at 1.00 am (1:30 IST) informing me that Sarabjit is no more,” Mahmood Shaukat, the head of a medical board that was supervising Sarabjit’s treatment said.
Another doctor, who was part of the team treating Sarabjit said he died of cardiac arrest, adding that doctors made several unsuccessful attempts to resuscitate him.
Officials of the Indian High Commission in Islamabad said they had been informed by officials of Jinnah Hospital about Sarabjit’s death.
Shaukat said authorities were yet to decide on conducting an autopsy on Sarabjit’s body.
Asked whether the autopsy would be done after getting permission from the government, he said: “At the moment I have no idea.”
No decision had been made about handing over the body to Sarabjit’s kin or to the Indian authorities, he said.
“These matters will be worked out according to the directions from the government,” he said.
Earlier in the day, official sources in Lahore had said Sarabjit had slipped into a “non-reversible” coma and this could lead to “brain death”.
His measurements on the Glasgow Coma Scale, which indicates the levels of consciousness and damage to a person’s central nervous system, had dropped to a “critical level”, the sources said.
Sarabjit was convicted of alleged involvement in a string of bomb attacks in Punjab province that killed 14 people in 1990 and spent about 22 years in Pakistani prisons.
His family, who had just returned to India after visiting him in Jinnah hospital, always insisted Sarabjit was innocent and he had inadvertently strayed across the border in an inebriated state.
His mercy petitions were rejected by the courts and former president Pervez Musharraf. The previous Pakistan People's Party-led government put off Sarabjit's execution for an indefinite period in 2008.
Mis-selling is rampant in the financial services industry. While legislation may act as a shield in protecting the interests of investors, an investor can take care of the following aspects to minimize instances of mis-selling
I have come across many cases of mis-selling in the financial services industry but the Mangelal Sharma case came a shocker for me (Will this 79-year old’s protest move the government and the RBI to stop mis-selling by banks?, Mangelal Sharma gets his Rs7 lakh back—another Moneylife victory). This was a case in which even an old man was not spared. Banks and financial institutions claim that customers are king for them but in practice they rarely follow this. Why do we have so many cases of mis-selling of financial products? Is mis-selling happening because there is dearth of legislations? The answer to this question is both yes and no. Though there are legislations in place to prevent mis-selling, these legislations hardly help investors. Also investors in many cases are not aware about how to take benefit of existing laws when they have become victim of wrong financial products sold to them.
Whatever is the reason, there are instances of mis-selling in which people lose their hard-earned money and repent thereafter. While legislation may act as a shield in protecting interest of investors, is there any alternate way in which an investor can prevent himself/herself from becoming victim of mis-selling? Though there is no magic wand to help an investor, s/he can take care of following aspects to minimize instances of mis-selling:
Never buy a product aggressively pitched by agents: It is very obvious that an agent or a representative of financial service provider pitches a product based on the commission or fee that he earns. So it is better not to get carried away by what he suggests. You need to understand your investment requirements and select product based on that. One more important point, even if the agent happens to be a family friend, ask him questions. You cannot leave your investments in other’s hand. Products like life insurance are often mis-sold by agents as investment products. Please remember insurance is a product having potential to cover risks.
Never buy a product you do not understand: The golden rule to prevent mis-selling is not to buy a product unless you have understood the product fully. New products keep on hitting the market from time to time. The most recent example was the Rajiv Gandhi Equity Savings Scheme (RGESS). Many investors bought this product because of the fact that this is a good tax saving option, without realizing the risk factors. In past, there have been many instances when Unit Linked Insurance Plans (ULIPs) were sold to investors. The main reason of this mis-selling was lack of understanding of products by investors.
If you are financially illiterate, there are two options. Acquire necessary skills to understand a product or approach a financial advisor. To me the first option looks better. In India, most of the financial products are plain vanilla products which an ordinary investor can understand. The problem with financial advisors is that most of them offer generic suggestions.
Have a check list ready: In order to understand the product, you need to look at facts such as the risk and return aspects of the product. In order to understand product, you can check out some of the details which are as follows:
Keep greed aside: Mis-selling is easy if greed overshadows rational thinking. Many people invest their money in unknown financial products without understanding the product at all, as the greed of handsome return simply overwhelms them. So it is important that you never invest in products which give unbelievable returns.
Never buy financial products when the deadline approaches: If you are in hurry, you will have many worries later on. Never buy a financial product when the deadline approaches, especially the tax saving deadline. Think and plan in advance. Even if you have to buy any such product, buy conventional time-tested product such as PPF, NSC, etc.
Please note that you can mitigate the instances of mis-selling by becoming more vigilant and careful. Take care to ensure that you never buy what you don’t need. Preventive measures against mis-selling need to be inculcated over a period of time.
(Vivek Sharma has worked for 17 years in the stock market, debt market and banking. He is a post graduate in Economics and MBA in Finance. He writes on personal finance and economics and is invited as an expert on personal finance shows.)
The site claims one can earn Rs15,000 a day by just posting links and that it has Yahoo, Google, Bing etc, as its top partners
In the past we have seen Speak Asia Online, the multi-level marketing (MLM), company spreading its wings under the pretext of online surveys. In the same way another online company—Automated Paydays India (http://india.automated-paydays.com) claims one can earn Rs15,000 per day by just posting website links. On visiting the site the company claims to be advertised on Sun TV, CNN-IBN, Times Now etc. The company also mentions that it has partnered with Google, Yahoo, Bing, etc. It mentions that over 3,000 people all over India have joined. There is an American version of the site as well. The claim is that one can make money by posting links from home.
There have been many complaints online that apart from the joining fee it tries to sell different products which are supposed to ‘enhance’ your “work from home” business. One should not fall for its refund guarantee. There have been several instances as well where people have filed for refunds but have not yet received it.
After entering a few details to check if you are eligible, you are taken to another page which is a “Special Report” by one of its top home consultants. Here is what the page mentions on how one can make money,
“Put it this way: To post one link takes between 3 to 4 minutes. To be conservative, let's say it takes 4 minutes. Well, if you post one link every 4 minutes, and you do that for 60 minutes, that amounts to 15 links in just 60 minutes. And the average amount you make per link posted is Rs1,500.*
Let's do the math: 15 links for Rs.1,500 each equals Rs22,500. That's you earning Rs22,500 for 60 minutes of work! If you do this five days a week, you can make Rs1,12,500 a week... Rs4.5 lakh a month... and Rs58.5 lakh a year!* And that's just 1 hour a day, I do at least 3 hours per day Monday to Friday keeping the weekends to myself."
Towards the end of the “Special Report” it puts an earnings disclaimer mentioning that, “Even though this industry is one of the few where one can create their own earnings, there is no guarantee that you will earn any money using the techniques and ideas in these materials”
One can enroll by paying $19.97 (supposed to be a special discounted rate from $90). The payment goes to a company—ClickSure, which is based in Mauritius. Where is Automated Paydays based? Well, we are not really sure but in their terms and conditions document they mention that correspondence can be made to iNet Cubed in the United Kingdom.
The website has been running since October last year. Nearly 40% of the visitors to the site are from India.