CHENNAI WEDNESDAY OCTOBER 23, 2019 `5.00 PAGES 28 LATE CITY EDITION GOODBYE COA AS BCCI GETS READY FOR NEW OFFICIALS Sourav Ganguly and his team to take charge of board today, bringing an end to the period under the SC-appointed panel GANGULY IN NEW AVATAR FROM TODAY ■ 33 SALARY OF `3.5 CRORE Ganguly will become the 39th president of the BCCI at its annual general meeting in Mumbai on Wednesday. Even though his tenure will be around 10 months, expectations are high because of his background as a player and India captain. Ganguly has said he will work on restructuring first-class cricket and getting the administration back in order ■ ■ COA chief Vinod Rai and Diana Edulji, who were on the panel from beginning to end, will take home a packet of `3.5 crore each Panel members to be paid `10 lakh per month for 2017, `11 lakh per month for 2018 and `12 lakh per month for 2019 V Limaye, R Guha and R Thodge to be paid on pro rata basis MONTHS THE BCCI WAS RUN BY COMMITTEE OF ADMINISTRATORS CHENNAI ■ MADURAI ■ VIJAYAWADA ■ BENGALURU ■ KOCHI ■ HYDERABAD ■ VISAKHAPATNAM ■ COIMBATORE ■ KOZHIKODE ■ THIRUVANANTHAPURAM ■ BELAGAVI ■ BHUBANESWAR ■ SHIVAMOGGA ■ MANGALURU ■ TIRUPATI ■ TIRUCHY ■ TIRUNELVELI ■ SAMBALPUR ■ HUBBALLI ■ DHARMAPURI ■ KOTTAYAM ■ KANNUR ■ VILLUPURAM ■ KOLLAM ■ WARANGAL ■ TADEPALLIGUDEM ■ NAGAPATTINAM ■ THRISSUR ■ KALABURAGI Now, class action suit staring at Infosys New York-based Rosen Law Firm is preparing to sue the IT services major for loss suffered by Infy’s US investors EXPRESS NEWS SERVICE Prime Minister Narendra Modi and Indian-American Nobel laureate Abhijit Banerjee during a meeting at the PM’s residence, in New Delhi on Tuesday | PTI Abhijit suggests bank stake cut, meets PM additional layers of checks. Fending off reporters’ attempts to get him to speak out TERMING India’s banking against the government, he crisis “frightening”, Nobel said, “I had a cordial and good laureate Abhijit Banerjee on meeting. Prime Minister Tuesday called for reforming Modi started by cracking a state-run banks by cutting joke on how media is trying to government stake to below trap me to say anti-Modi 50%. The statement came af- things. He’s been watching ter he had a “healthy TV and he knows and extensive” meetwhat you are trying ing with PM Narento do.” dra Modi at the latModi also praised We had a cordial ter’s residence. Banerjee in a tweet, Speaking to re- and good meeting. terming the latter’s Prime Minister porters after the “passion for human Modi started by meeting, he said, empowerment” as cracking a joke on “Balance sheets are “clearly visible”. how media is not picking up Banerjee had eartrying to trap me enough infor malier criticised the to say anti-Modi tion,” in an obvious Modi government’s things reference to several handling of the slowAbhijit Banerjee scams and high level down, calling for a of doubtful loans rollback of the corwith India’s banks. porate tax cut and creating According to Banerjee, In- demand by putting money in dia’s bankers are suffering the hands of the poor. Howfrom a “fear psychosis”, as ever, on Tuesday he termed state holding meant several his meeting with the PM extra layers of checks includ- gave him an insight into the ing scrutiny by the Vigilance Prime Minister’s “way of Commission. To drive his thinking about India” as well point home, the Nobel laure- as the “thinking behind poliate illustrated how private cy making”. CONTINUED ON: P17 banks are doing fine without EXPRESS NEWS SERVICE @ New Delhi IN some fresh trouble for Infosys, New York-based Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by investors in the US. The proposed suit was triggered due to losses caused to shareholders on account of whistleblower allegations that Infosys may have issued materially misleading business information to investors. Shareholders who bought publicly traded Infosys securities between July 7, 2018 and October 20, 2019 will be part of the suit. “Plaintiff seeks to recover compensable damages caused by Defendants’ violations of the federal securities law,” the firm said. Typically a class action law, suit is filed on behalf of a group of US retail investors when damages claimed by each are too small for individual claims to be worthwhile. The cases usually end in settlement instead of going to trial. EXPRESS NEWS SERVICE @ New Delhi DAYS after the Paris-based Financial Action Task Force (FATF) warned Pakistan of blacklisting it over failure to address issues to terror financing, the United States on Tuesday rapped it for continuing to harbour terror groups. “Pakistan’s harbouring of terrorist groups like Lashkar-eToiba and Jaish-e-Mohammed, which seek to foment violence across the Line of Control, is destabilising, and Pakistani authorities remain accountable for their actions,” Acting Assistant Secretary of State for South and Central Asia Alice G Wells said. In a written statement to a sub-committee on Asia, the Pacific, and Nonprofileration of the House Foreign Affairs Committee, Wells said Pakistan’s support for terrorism was the ‘chief obstacle’ in the way of a dialogue between India and Pakistan. “We believe the foundation of any successful dialogue between India and Pakistan is Pay hike for J&K govt staff from October 31 From October 31, the day J&K and Ladakh will be formally bifurcated into two Union Territories, around 4.5 lakh govt staff there will get wages and perks as per the 7th pay panel proposals | P9 Monsoon preparedness meeting chaired by CM Now, 30 minutes more for State Board Exams MPs reject Johnson’s Brexit timetable PC gets bail in INX case, but can’t walk free Chennai: With the onset of NE monsoon, Chief Minister Edappadi K Palaniswami on Tuesday chaired a high-level meeting at the Secretariat, to review the arrangements for facing any eventuality. He asked the officials of departments concerned to work together | P4 Chennai: Now on, students appearing for class X, XI and XII State board examinations will get a total of three hours to write their papers. The State government on Tuesday increased the board examination time for these three classes by 30 minutes | P4 London: Britain’s exit from the EU was thrown into chaos on Tuesday after Parliament rejected Prime Minister Boris Johnson’s timetable for ratifying his exit deal. Ahead of the vote, Johnson had threatened that if defeated in Parliament, he would push for an election | P15 New Delhi: The Supreme Court on Tuesday granted bail to Congress leader and ex-finance minister P Chidambaram in the INX media corruption case filed by the CBI but he can’t walk free as he is currently under the ED’s custody in a related money laundering matter | P11 ‘No permission given for special shows of Deepavali releases’ E X P R E S S N E W S S E R V I C E @ Thoothukudi/Chennai THE State government has not given permission to screen special shows of any movie being released for Deepavali, minister Kadambur Raju clarified on Tuesday Speaking to the media in Thoothukudi, the . minister said there were complaints of exorbitant amounts being charged for special shows of Deepavali releases. “Some theatres are selling tickets online for 2am, 4am, and 7am shows,” he said. “The government has not given permission for any special shows.” Raju clarified the ‘rule’ was applicable to all movies being released for Deepavali, not just for Vijaystarrer Bigil, which has already become a rage among the actor’s fans. “There’s a lot of confusion regarding screenings,” said the owner of a popular theatre famous for early morning shows. “We are allowed to screen five shows on public holidays, which makes us wonder why we need special permission. We need clarity on the minister’s statements,” he said. The minister further said that so far, permission has not been given for any movie to host special screenings. Permission will be given only if the ticket prices fixed by the government are followed, the minister added. He also said exclusive digital P6 sales of cinema tickets would begin soon. early-morning statement on the next course of action failed to restore market confidence. Rosen Law Firm is a global investor rights law firm, and has investigated Infosys in the past at least on one occasion. In 2017, along with two others — NANDAN NILEKANI STEPS IN TO DOUSE FIRE Infosys Chairman Nandan Nilekani said the company’s audit committee was looking into the allegations in consultation with independent internal auditors EY, while law firm Shardul Amarchand Mangaldas & Co was roped in to launch an independent probe. Infy also recused CEO Salil Parekh and CFO Nilanjan Roy to ensure an impartial probe based on Pakistan taking sustained and irreversible steps against militants and terrorists in its territory,” she said. India’s consistent position is Pakistan must stop using terror as an instrument of state policy for bilateral talks. “We believe that direct dialogue between India and Pakistan, as outlined in the 1972 Simla Agreement, holds the most potential for reducing tensions,” she said. Stating that the two countries had made significant progress on all issues, including Kashmir during back end talks in 2006-07, Wells said history had shown what is possible. Wells also expressed deep concern about human rights violations in Pakistan. Balance security with rights, India urged Expressing concern over continued detention of political leaders in J&K months after the reading down of Article 370, the US on Tuesday urged India to strike a balance between its security priorities and respect for rights | P9 ORAL VACCINES COULD CAUSE POLIO, SAYS PAPER At least 300 children in India would have developed polio after receiving the oral polio vaccine over the past five years, claims a new scientific paper published in the latest edition of Indian Journal of Ethical Issues | P11 Bronstein, Gewirtz & Grossman and Pomerantz Law Firm — it investigated the IT services firm for a potential securities fraud and unlawful business practices. On Monday letters sent by an , anonymous employee group calling itself ‘Ethical Employees’ became public, unnerving investors on account of dire accusations such as boosting short-term revenue and profits bypassing standard accounting norms, financial impropriety besides remarks of racism and P17 misogyny . BAD SHOT U.S. PLAINSPEAK ON PAK’S TERROR PUSH ACROSS LOC EXPRESS READ DAMPENER Infosys’ NYSE-listed American Depository Receipts continued to trade in the red on Tuesday, falling 3% in early trade. On Monday, its shares had tanked as much as 15%. The scrip plunged 16% on the BSE on Tuesday as Infy’s Wrong treatment for dengue lands TN doctor in soup E X P R E S S N E W S S E R V I C E @ Chennai A private doctor based in Thoothukudi has allegedly violated the treatment protocol for dengue, according to the health department officials. Director of Public Health Dr K Kolandaswamy has written to the Tamil Nadu Medical Council, urging it to conduct a detailed inquiry and take appropriate action against the doctor. “The doctor gave a paediatric patient an injection, which is against the dengue fever treatment protocol being followed by the State Health Department,” said minister C Vijaya Baskar, while addressing the media on Tuesday It is not clear if the injec. tion administered was steroids. While steroids help in quick recovery from fever, it can be lethal in the case of dengue as it causes a further drop in the platelet count. Speaking to Express, Kolandaswamy said: “We inquired with patients and found out that the doctor was giving them injections. A detailed inquiry will reveal further details.” Due to the urgency of the concerns expressed, the medical council has written to the doctor seeking an explanation. She has also been asked to appear for an inquiry with , all medical records of the patient, on October 31. Since January, 3,900 confirmed dengue cases have been reported in the State. TWO KIDS DIE OF FEVER IN VELLORE: P5
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