‘US sanctions on banks a direct attack on ordinary citizens’

News Network
April 7, 2022

Russia has condemned the United States' fresh sanctions on two of its largest banks, saying they are a direct blow to the Russian population and ordinary citizens.

Russian Ambassador to the United States Anatoly Antonov made the remarks on Wednesday, after Washington announced a new round of sanctions against Sberbank and Alfa-Bank over Moscow's military operation in Ukraine.

"The administration's non-stop sanctions attacks show true aspirations of the United States. An example is the restrictions against Sberbank and Alfa-Bank, where most Russians keep their savings. This is a direct attack on the Russian population, ordinary citizens," Tass news agency quoted him as saying.

"By imposing new sanctions, Washington continues to damage the global economy. It undermines the possibilities of foreign partners for mutually beneficial cooperation with us. It leaves foreign business without the income necessary in the current period of economic turbulence," the ambassador added.

Antonov said the US's attempts to make it difficult for Russia to service its public debt were "puzzling," adding that Moscow saw in these efforts "a desire to tarnish the reputation of Russia, which, despite the economic barriers built by Washington, continues to fulfill its debt obligations in good faith and on time."

The US announced the new round of sanctions targeting Russian state-owned financial institutions and other enterprises on Wednesday. Restrictions also targeted Kremlin officials and their family members.

The move came after Ukraine and its Western allies, including the US, accused Moscow of committing war crimes in Bucha, a suburb of the Ukrainian capital.

In a video message on Saturday, the mayor of Bucha, Anatoliy Fedoruk, claimed that 300 people had been killed by the Russian army, with some appearing to have been executed summarily. He displayed videos and photographs, claiming that 280 bodies had been buried in mass graves while nearly 10 others had been either not buried or only partially covered by earth.

Kiev has urged major Western powers, including the United States, to impose new crippling sanctions on Moscow over the "massacre" in Bucha.

Russia has denied the allegations, terming it a "monstrous forgery" staged by the West to discredit it.

Moscow has twice requested an urgent session of the United Nations Security Council over the Bucha situation, but the United Kingdom has refused to hold the meeting both times.

Russian President Vladimir Putin announced a military offensive against Ukraine on February 24. The conflict has provoked a unanimous response from Western countries, which have imposed a long list of sanctions on Moscow. Russia says it will halt the operation instantly if Kiev meets Moscow's list of demands, including never applying to join NATO.

Delegations from Kiev and Moscow have been negotiating for peace and a ceasefire in recent weeks, but a breakthrough has been elusive. 

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News Network
October 22,2024

Mangaluru, Oct 22: A Mangaluru resident has fallen victim to a ₹20 lakh scam after being lured into a fraudulent investment scheme by individuals posing as representatives of J.P. Morgan India. The case, filed at Kadri police station, highlights the growing threat of investment fraud in the region.

The victim, whose identity has not been disclosed, was contacted on September 24 by a man named Vishwanathan, who falsely introduced himself as the Chief Investment Strategist for J.P. Morgan India. Shortly after, a woman named Neeta Sharma reached out, using multiple phone numbers to convince the victim of her association with the prestigious financial firm. She shared a company link and urged the victim to invest ₹20 lakh, promising high returns.

On October 14, after being convinced by Neeta's claims, the victim transferred ₹20 lakh to the fraudulent account. Following this, Neeta instructed the victim to purchase 1,000 shares at ₹240 per share, which he did. The next day, she advised buying 7,900 more shares at ₹250.95 each, further strengthening her false credibility.

However, trouble arose when Neeta told the victim to withdraw the invested amount. Instead of receiving the full sum, the victim was sent only ₹1,500, transferred from an unknown account. When questioned, Neeta could not provide a clear explanation for the discrepancies.

Sensing the deceit, the victim demanded a full refund of his investment. Neeta, however, brazenly asked for an additional ₹4 lakh, prompting the victim to realize the extent of the fraud. He then filed a formal complaint with the Kadri police.

This incident serves as a critical reminder for the public to remain vigilant against fraudulent schemes, particularly those involving investment promises from unverified sources. Always ensure that you verify the legitimacy of financial institutions and representatives before transferring funds. 

The Kadri police are investigating the case and have urged the public to stay alert and report any suspicious investment schemes.

Tips to Protect Yourself from Investment Scams:

1.    Verify Credentials: Always cross-check the credentials of anyone claiming to represent a reputable financial institution. Use official contact information from the company's website to verify.

2.    Be Skeptical of Unsolicited Offers: Be cautious of unexpected investment offers, especially those that promise unusually high returns.

3.    Conduct Thorough Research: Before investing, investigate the company and the proposed investment thoroughly. Look for reviews, ratings, and any red flags.

4.    Report Suspicious Activity: If you suspect a scam, report it immediately to local authorities or financial regulatory bodies to prevent further fraud.

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News Network
October 25,2024

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A recent survey has exposed a troubling rise in anti-Muslim racism across Europe, fueled by heightened conflicts in West Asia and Europe’s increasingly hostile climate for Muslims. The EU Agency for Fundamental Rights (FRA) revealed on Thursday that nearly half of European Muslims faced discrimination in the past five years, with the situation worsening notably over the last year as violence flared in Gaza.

Nicole Romain, a spokeswoman for FRA, confirmed reports of intensified anti-Muslim hate across several EU countries. "Even before the current escalation, it was already becoming increasingly challenging to live as a Muslim in the EU," she said, pointing to dehumanizing rhetoric and profiling practices that target Muslims based on religion, ethnicity, and even physical appearance.

The survey, conducted prior to Israel’s large-scale assault on Gaza, included data from over 9,600 Muslims across more than a dozen EU nations between October 2021 and October 2022. The results highlighted Austria as having the highest rate of discrimination against Muslims at 71 percent, followed closely by Germany (68 percent) and Finland (63 percent). France, home to Europe’s second-largest Muslim population, reported a rate of 39 percent.

Women and children are disproportionately affected, particularly those wearing religious attire such as the hijab. FRA's report sheds light on the pervasive racial profiling Muslims face, from random police checks to discrimination in employment despite high qualifications. Director Sirpa Rautio warned that as conflicts continue to escalate, the impact on Muslims in Europe is likely to worsen, compounding challenges for the EU’s 26 million-strong Muslim population, which makes up more than 5 percent of the bloc's residents.

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News Network
October 26,2024

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Udupi, Oct 26: In a heartbreaking incident in Beejadi village near Kundapur in Udupi district, two young men were swept away by a powerful wave while swimming in the sea on Saturday morning. 

Santosh, 21, was pulled from the water by local fishermen and residents, but tragically, he succumbed to his injuries on the way to the hospital. Ajay, who was also caught in the wave, remains missing, according to Kundapur police.

The duo, along with friends Shreyas and Mokshith, had been staying at the Sahana Sun Caste Resort to attend a wedding. Ignoring warnings from locals about the dangers of entering the sea, the group ventured into the water. Around 9:30 a.m., a large wave suddenly engulfed them, sweeping Ajay and Santosh into deeper waters.

Police reported that Ajay hailed from Hangalli village near Kundapur, while Santosh was from Dasarahalli near Bengaluru. Expert divers have been dispatched to the scene in hopes of locating Ajay’s body.

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