Justice Financial News

Microsoft in 1998, federal regulators suggest that reining in the tech giant a quarter-century ago may have paved the way for the rise of Google and Apple to their current levels of prominence. In a trial that commenced in Washington, D.C., last September and is now reaching its conclusion, the Justice Department argues that Google has wielded its search engine as an illegal monopoly, stifling competition and innovation.

Hubballi (Karnataka): Union Home Minister Amit Shah on Wednesday met Congress Councillor Niranjan Hiremath and assured justice for his daughter Neha who was stabbed to death inside her college campus last month. The 23-year-old Neha, daughter of the Congress Councillor of Hubballi-Dharwad Municipal Corporation, was stabbed to death by her former classmate Fayaz Khodunaik on the campus of her college in Dharwad on April 18. The incident sparked widespread condemnation and protests. After meeting Shah, Hiremath said that the union home minister assured them that justice would be done, and said that if needed, the case can be handed over to the CBI for further investigation. Speaking to PTI Videos, Hiremath said, «Today union home minister came here and we met him. I have given a memorandum to him stating about my daughter's murder which happened on April 18. Though he is aware about the incident, I still gave him a copy of the complaint and FIR. I also gave him a request letter seeking changes in the IPC section for such incidents».

₹7.5 trillion on education every year. There are frequent calls to double this number if the education system is to be fixed. Overcoming the myriad problems in areas such as education, health, nutrition, safety, justice and social protection needs more than higher public spending.

Live Law, a division bench consisting of Acting Chief Justice Manmohan and Justice Manmeet PS Arora described it as a ‘highly adventurous’ plea, contrary to fundamental legal principles. As per a report in ANI, the bench, led by the Acting Chief Justice, dismissed the petition, stating that if allowed, it would set a precedent for dreaded criminals like Dawood Ibrahim to form political parties, contest elections, and campaign through video conferencing. The bench also pointed out that even rapists and murderers could form political parties for such purposes.

Delhi High Court dismissed a Public Interest Litigation (PIL) on Wednesday which sought direction to the Election Commission of India to develop a mechanism promptly to ensure that political leaders and candidates would be allowed to campaign virtually with reasonable restrictions. The bench, led by the Acting Chief Justice, mentioned that if such a thing were to happen, individuals like Dawood Ibrahim and other notorious criminals might establish a political party, participate in elections, and conduct campaigns via video conferencing. The bench also stated that even individuals convicted of heinous crimes such as rape and murder could potentially create a political party for their objectives. The bench, including Justice Manmeet Pritam Singh Arora, stated that they are aware of the propaganda behind such petitions and are well informed about it. They have handled numerous petitions recently and have also imposed costs on the petitioners for submitting frivolous pleas.

released the final voter turnout figures for the first two phases of the Lok Sabha elections on April 30. The announcement came 11 days after the first phase polling on April 19, and four days after the second phase on April 26. According to the poll panel’s data, the voter turnout for the first phase of polling was 66.14 per cent, marking a drop of about 4 percentage points compared to the first phase in the 2019 Lok Sabha Elections.

deepfake videos during the ongoing Lok Sabha elections. A bench of Acting Chief Justice Manmohan and Justice Manmeet PS Arora agreed to list the matter for hearing on Thursday, if the petition is in order. Senior advocate Jayant Mehta, while mentioning the plea for an urgent hearing, said it was being filed by a lawyers' body seeking directions to the Election Commission of India (ECI) to stop the circulation of deepfake videos during elections. Explaining the urgency, the lawyer said general elections are going on and deepfake videos are being circulated and they have also given a representation to the ECI.

The U.S. Justice Department has launched a double-barreled antitrust attack on Google’s dominant search and Apple’s trendsetting iPhone

Binance CEO Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world's largest cryptocurrency exchange. Zhao pleaded guilty in November to one count of failing to take required anti-money-laundering measures and stepped down as Binance agreed to pay $4.3 billion to settle related allegations. U.S. officials said Zhao deliberately looked the other way as people conducted transactions that supported child sex abuse, the illegal drug trade and terrorism.

State Holiday for May Day / Maharashtra Day and Labour Day: Today, May 1, is commemorated as Maharashtra Day in honour of the establishment of the state in India. Also known as Maharashtra Din, it marks the anniversary of May 1, 1960, when Maharashtra was officially formed following the reorganisation of states based on language. May 1st is also recognised as Labour Day, dedicated to acknowledging the contributions of workers and the labour movement.

Toronto-Dominion Bank is booking an initial US$450-million provision in connection with an ongoing probe into violations of U.S. banking regulations, including anti-money laundering rules, the bank said Tuesday.

The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug

A Seattle courtroom became the stage for a major moment in the cryptocurrency industry as former Binance CEO Changpeng ‘CZ’ Zhao received a four-month prison sentence. The sentencing followed Zhao’s guilty plea to money-laundering violations late last year, marking a turning point for the industry giant and its influential founder.

Federal prosecutors had been seeking three years, double the sentencing guidelines, while Zhao's lawyers had argued for probation.Zhao pleaded guilty in November as part of deal between Binance and the Department of Justice, Treasury Department and CFTC to settle allegations that the exchange failed to maintain a proper anti-money laundering programme, operated an unlicensed money-transmitting business and violated sanctions law.The world's largest crypto exchange agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion.Meanwhile, Zhao pleaded guilty to violating the Bank Secrecy Act and causing a financial institution to violate the same act.

Serum Institute of India (SII), a day after AstraZeneca, which sold the vaccine in India, admitted in court that their Covid shot can cause a rare side effect. The parents are hopeful of justice after the AstraZeneca's admission surfaced. The pharmaceutical giant is being sued in a class-action suit over claims that its Covid-19 vaccine, developed with the University of Oxford, caused death and serious injury, including TTS — thrombosis with thrombocytopenia syndrome — a serious adverse event that causes blood clots and a low blood platelet count. Venugopalan Govindan, father of Karunya, who died after taking the vaccine, said the admission by AstraZeneca is «too late» and has come after so many lives have been lost. «AstraZeneca and SII should have stopped the manufacture and supply of these vaccines when 15 European countries either suspended or age-limited these due to deaths from blood clots that happened in March 2021, within a couple of months of the rollout of the vaccine itself.»

On Tuesday, the International Court of Justice (ICJ) rejected a request by Nicaragua to order Germany to halt military and other aid to Israel and renew funding to the UN aid agency in Gaza.

Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, faces sentencing in a Seattle courtroom

Mumbai: Jet Airways founder Naresh Goyal has moved the Bombay High Court seeking bail in a money laundering case on the ground that both he and his wife were suffering from terminal cancer. A single bench of Justice N J Jamadar on Tuesday said it would hear the plea on May 3.

McKinsey & Company, known as a "CEO factory," is facing scrutiny from the Department of Justice (DOJ) for its past advice to opioid companies on sales strategies, as reported by The Wall Street Journal. Notable alumni include Sundar Pichai, CEO of Google's parent company Alphabet, Sheryl Sandberg, former COO of Meta Platforms, John Malone, chairman of Liberty Media, James Gorman, ex-CEO of Morgan Stanley, and Delphine Arnault, an executive at Louis Vuitton. Other prominent figures, such as Transportation Secretary Pete Buttigieg and Sen. Tom Cotton, also had stints at the firm.

Delhi High Court on Tuesday asked payment app BharatPe's former MD Ashneer Grover not to transfer or create any third-party rights in the shares transferred to him by the company's co-founder Bhavik Koladiya. Justice Prateek Jalan passed the interim order on a lawsuit by Koladiya seeking to reclaim the shares he transferred to his erstwhile colleague. The judge opined that the plaintiff, Koladiya, made out a prima facie case for the grant of such an injunction as he would suffer irreparable loss and prejudice if third-party rights were created in the shares being claimed by him.

Muslim side in the Krishna Janmbhoomi-Shahi Idgah dispute at Mathura in the Allahabad High Court, the Hindu side on Tuesday said the provisions of Waqf Act will not apply as the property in dispute is not a waqf property. It said the suit is maintainable and its non-maintainability can only be decided after the leading evidence. The matter is being heard by Justice Mayank Kumar Jain on applications moved by Muslim side regarding maintainability of suit. Counsel for the Hindu side, Rahul Sahai, while replying to the arguments raised from Muslim side, submitted that the provisions of the Places of Worship (Special Provisions) Act, 1991 will not apply to the matter.