Rajat Gupta Convicted of Insider Trading, In-Laws Lead Elder Abuse in India | June 10 – 16, 2012
Life moves fast. News moves faster. Pakistani militants threaten polio vaccination campaigns, India’s Congress party announced its candidate for president and a Bangladeshi journalist is killed.
Verdict’s In. Rajat Gupta, a former director at Goldman Sachs, Inc., was found guilty of conspiracy and three counts of insider trading Friday in Manhattan. Gupta’s conviction was tied directly to another South Asian American financial giant: Raj Rajaratnam, who is currently serving out an 11-year jail sentence. Gupta is accused of tipping Rajaratnan off to a major investment from Warren Buffett in Goldman Sachs. (TIME)
Polio no-go. Though polio is a major problem in Pakistan, those who conduct vaccinations against the disease there may be under threat. A Pakistani militant group announced Saturday that it would take action against anyone undertaking such practices. It is believed that such a vaccination drive was critical in tracking down Osama bin Laden last spring. (Yahoo!)
Distractions. As India’s economy teeters, signs of weakness in its coalition government are emerging. The ruling Congress party named Finance Minister Pranab Mukherjee as their candidate for the presidency Friday. Though the position is mostly ceremonial, the naming of a candidate has distracted the government from focusing on current issues facing India’s economy. (Chicago Tribune)
Journalist killed. Zamal Uddin, a Bangladeshi journalist was hacked to death by unidentified men, apparently for his reports on illegal drug trading in the southwest region of the country. Witnesses say the men attacked Uddin with sharp weapons while he was drinking tea roadside on Friday evening. Uddin was taken to the hospital with serious injuries, and was later declared dead. (AP)
Elder Disrespect. In conjunction with World Elder Abuse Awareness Day on June 15, HelpAge India released a report that revealed in-laws constitute the greatest number of elder abuse criminals in India. Women and those over 80 experienced the most abuse, while sons-in-law committed 56 percent of cases and daughters-in-law 23 perfect. Nearly a quarter of victims faced abuse daily. (The Hindu)
Amina Elahi is Divanee.com’s Managing Editor.