UAE-based Kerala businessman is richer than Trump

first_imgUAE-based businessman, LuLu Group chairman M.A. Yusuffali with his net worth of $5 billion, is richer than US president Donald Trump, according to the Forbes magazine’s 2018 list of billionaires.Trump’s ranking on the list fell to 766th place from 544th in the last edition. His wealth is now being estimated at $3.1 billion, $400 million less than a year ago.Ali, who ranked 388 in the Forbes list is the 19th richest man in India and the richest Malayali, the magazine said.Read it at Khaleej TImes Related Itemslast_img read more

Indian woman continues fight to repatriate blue diamond

first_imgLalita Shinde, a member of the trust that is in charge of managing operations at the Trimbakeshwar temple in northwestern India, approached her country’s National Archives this week and presented a memorandum demanding the repatriation of the blue Nassak diamond, which reportedly once graced the crown of Lord Shiva idol.The trustee has been in this quest for a few years now. According to local media, she says that the gem was looted by several rulers some 200 years ago and ended up at a private museum in Lebanon.Read it at Mining Related Itemslast_img read more

Chicago Investment Executive Sentenced for Defrauding New York Firm

first_imgThe Indian American head of a Chicago investment firm has been sentenced to 57 months in prison for conspiring to defraud a northern New York company out of $2.5 million.Debashis Ghosh also was ordered at his sentencing April 23 in federal court in Syracuse to serve three years of supervised release.Read it at India West Related Itemslast_img