Webinfosys's Local News : Rs 2.5 crore house for Pathans

VADODARA: All those towering sixes from Yusuf Pathan's blade that clinched the IPL crown for Team Jaipur and brother Irfan's wily outswingers that took Yuvraj Singh's Team Mohali to the semis counted for a lot.

The Pathans will soon move into a palatial Rs 2.5 crore bungalow in Vadodara, the design for which is now ready.

The Pathans' new address in Tandalja is a plush five-bedroom home spread over 15,000 square feet complete with lush green lawns and state-of-the-art interiors. It will also boast a gymnasium, a swimming pool and parking space large enought for a couple of big cars.

Yusuf and Irfan, at present on a break before their ODI tour to Bangladesh next week, denied comment but their father Mehmood Khan had told TOI earlier, "We are looking for a spacious, new bungalow in the same vicinity (Tandalja). Irfan and Yusuf will need more room once they are married."

The bungalow will come up not far from their present residence, a four-room house, that the family moved into three years ago following Irfan's early success. Before that, the Pathans lived in a one-room tenement behind a mosque in Mandvi where their father worked as a muezzin.

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Webinfosys's Local News : UK court sentences 3 NRI businessmen to 25 years in jail

Three Indian-origin businessmen who swindled banks in Britain and the United States of more than 300 million pounds by pretending to run a worldwide metal trading empire have been sentenced to nearly 25 years in jail.

Virendra Rastogi (39), Anand Jain (43) and Gautam Majumdar (57), ex-directors of metal trading business RBG Resources, were convicted at London's Southwark Crown Court of conspiracy to defraud on 23 April.

Pronouncing the sentence on Thursday, Judge James Wadsworth said: "They created a very impressive front that fooled banks, the metal exchanges in both countries, (UK and USA), and well respected accountancy firms".

"They were involved in years of calculated dishonesty." During the trial, he noted that "they had shown no shadow of regret or remorse or repentance."

Rastogi, who has earlier figured in the Sunday Times’ Rich List, was sentenced for nine years and six months, Jain for eight years and six months and Majumdar for seven years and six months.

In addition, the three have also been disqualified from acting as company directors for various periods: Rastogi for 15 years, Jain for ten years and Majumdar for ten years.

The sentences came at the end of a long drawn out international investigation. When investigators from the Serious Fraud Office swooped on Rastogi in his Mayfair apartment in London in 2002, he was found shredding wads of documents.

For six years, Rastogi reportedly conned banks into funding non-existent metal trading deals using 324 fake companies that turned out to be based in small flats and shops, with few assets beyond a table and chair.

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Webinfosys's Local News : No talks on Sikkim issue: India tells China

BEIJING: India on Thursday conveyed to Chinese leaders that it was not ready to bring the Sikkim issue in the boundary talks because there was no dispute concerning that portion of the boundary with China, informed sources said here on Thursday.

This is one of the issues that figured during two lengthy talks between external affairs minister Pranab Mukherjee and his Chinese counterpart Yang Jiechi, who made a rare gesture of hosting a dinner at the imperial Forbidden City.

Indian foreign secretary Shiv Shankar Menon told reporters that the talks between the two leaders were conducted in a "constructive and forward looking" manner.

Mukherjee was extremely satisfied with the day's talks that covered a range of issues, including plans for the next military exercise between the two countries in India by end 2008.

Sources said Chinese leaders brought up the Sikkim issue as one the matters that remain to be settled. It is expected to be discussed during a separate lunch meeting between Menon and Chinese assistant foreign minister He Yafei on Friday.

There was not even a mention of Arunachal Pradesh, which had been the cause of much mistrust between India and China over the past years. Indian government sources said there were "different perceptions" of the two countries on the issue.

From New Delhi's standpoint, the Sikkim border had already been finalized way back in 1959 and there was no dispute on the matter with China. There was no direct discussion about India's suspicions that China might build a dam on its side upstream of the Brahmaputra river and thus choke off the water supply in future.

But the two countries renewed a deal on cooperation over sharing of hydrological data and on monitoring the situation to guard against possible floods. India prefers to watch the situation while carrying out joint scientific investigations rather than confront China with its suspicions, sources said.

India's ambassador Nirupama Rao said Chinese leaders expressed their happiness over the decision to establish a consulate office in the southern Chinese city of Guangzhou, which was inaugurated by Mukherjee on Thursday. Rao
is hosting a dinner on Friday, which will be another occasion when Mukherjee and Yang will come together।

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