SINGAPORE, WEEKEND OF FRIDAY,
APRIL 15, 2022
MCI (P) 034/10/2021
CRICKETER
DANGLED FROM
15TH-STOREY
BALCONY
PAGE 12
BRIDGERTON STAR
GREW UP INSECURE
ABOUT COLOUR
PAGE 8
BRITISH
POLITICIAN FALLS
FROM GRACE
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48-HOUR
ROPEWAY
ACCIDENT HORROR
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REPORT ON PAGE 7
Double new year for couple
Biden and Modi engage in ‘candid’
Ukraine war talks
President Joe Biden and Indian Prime
Minister Narendra Modi had a “candid
exchange of views” on the Ukraine
crisis at a virtual summit on Monday,
but the United States appeared to have
made little progress in wooing India
away from its neutral stance on Rus-
sia’s invasion.
India has tried to walk a tightrope
between maintaining relations with the
West and avoiding alienating Russia,
but has raised concerns in Washington
by continuing to buy Russian oil.
CBI gets clearance to prosecute
former Amnesty India chief Patel
Former Amnesty India chief Aakar
Patel, who was stopped from flying out
of India twice last week, is “involved
in a number of cases”, the Central
Bureau of Investigation (CBI) told a
Delhi court on Tuesday.
Mr Patel’s lawyer, however, insisted
there was “nothing to suggest that my
client is a flight risk”.
CBI earlier informed the court that
“clearance has been given to prose-
cute” Mr Patel under the Foreign
Contribution Regulation Act.
Karnataka minister booked in
contractor’s suicide
Karnataka Minister K.S. Eshwarappa
said on Thursday that he would “defi-
nitely not resign”, hours after being
named “Accused No. 1” in a police
case involving a contractor who com-
mitted suicide on Tuesday.
Mr Santosh Patil, 41, was found
dead at a lodge in Udupi. In WhatsApp
messages to his friends and the media,
he blamed the minister for his death,
saying he was asked to pay bribes for a
government project. A police report
filed by his brother accused the minis-
ter of driving him to suicide.
Civil aviation watchdog bars 90
pilots from flying Boeing 737 M
India’s Directorate General of Civil
Aviation (DGCA) on Wednesday
barred 90 pilots from flying Boeing
737 Max jets, which the country
cleared to fly again in August following
a global grounding, after finding prob-
lems with a simulator used in training.
A routine check of the simulator
revealed deficiencies and an investiga-
tion is underway to pinpoint the cause,
said DGCA chief Arun Kumar. Regula-
tors found glitches with the flight
controls and a stick shaker, according
to people familiar with the matter.
Six charred bodies found after
blast at chemical plant
A massive blaze touched off by an
explosion at a chemicals plant in
Gujarat killed at least six people,
whose bodies were found charred.
The blast on Sunday took place in a
hub for chemical and petrochemical
manufacturing units at the Dahej indus-
trial estate, about 230km from the
state’s commercial city Ahmedabad.
The cause was not immediately clear.
Thieves steal 500-tonne iron
bridge in Bihar
A gang of crafty scrap metal thieves
dismantled and decamped with a
500-tonne defunct iron bridge in Bi-
har, pulling off the unlikely heist by
pretending to be irrigation officials.
Police officer Subhash Kumar told
AFP the thieves had bulldozers and
gas cutters, and tore apart the structure
last Friday before escaping with the
booty over two days in a heavy
vehicle. Police are investigating the
bizarre incident.
Enforcement Directorate summons
former India head of Xiaomi Corp
The federal financial-crime fighting
agency has summoned a former India
head of China’s Xiaomi Corp in an
investigation into whether the com-
pany’s business practices conformed
with Indian foreign exchange laws.
The Enforcement Directorate has
been probing the company since Febru-
ary and in recent weeks asked Mr
Manu Kumar Jain, Xiaomi’s former
India managing director, to appear
before its officers. The global vice-presi-
dent at Xiaomi, is based in Dubai.
A Xiaomi spokesperson said the
company abides by all Indian laws and
is “fully compliant with all the regula-
tions.”
Suspected killer of Indian student
in Canada arrested
Police in Toronto, Canada, arrested
Richard Jonathan Edwin, 39, in connec-
tion with the murder of an Indian
student last week.
The accused carried out another
murder after killing Kartik Vasudev,
21, who was found outside the Sher-
bourne Subway Station on Saturday
with multiple gunshot wounds.
The management student from
Ghaziabad in Uttar Pradesh was on his
way to work at a restaurant in the
Downtown area at the time of the
incident.
Proposed 5G auction prices too
high, says telco lobby
India’s top telco lobby group on Tues-
day demanded that the country’s regu-
lator revisit recommendations for the
auction of 5G spectrum bands, saying
the proposed base prices were too
high.
The Telecom Regulatory Authority
of India on Monday recommended a
35-40 per cent cut from its earlier
proposed base prices for the auction of
various allotted spectrums for 5G net-
works. The Cellular Operators Associa-
tion of India, however, demands a 90
per cent reduction.
Air Force blames officials for
wrongly-launched missile
The Indian Air Force (IAF), after an
enquiry, has blamed officials from its
missile squadron for accidentally
launching a BrahMos missile into Pak-
istan on March 9.
“More than one official have been
found blameworthy for the incident
which was totally avoidable. The guilty
officials will be given a swift and
severe punishment,” a government
source told Asian News International.
Pakistani court jails Islamist Hafiz
Saeed for an extra 31 years
A Pakistani court sentenced Islamist
leader Hafiz Saeed to 31 years impris-
onment in connection with terrorism
financing, court documents showed on
Saturday.
Saeed, who founded the militant
group blamed by the United States and
India for a deadly 2008 attack in India,
was found guilty of multiple breaches
in two cases but it was not immedi-
ately clear how much jail time the new
verdict would carry given his current
incarceration which runs concurrently.
The Lashkar-e-Taiba founder was
already in prison for similar charges in
2020.
First made-in-India commercial
plane takes off
The first made-in-India commercial air-
craft started flying from Monday, pro-
viding air connectivity to remote
towns of Arunachal Pradesh with As-
sam’s Dibrugarh.
Hindustan Aeronautics Limited
(HAL) made the Dornier 228, which is
a 17-seater, non-pressurised aircraft
capable of day and night operations.
Two Dornier 228 aircraft were
handed over to Alliance Air last week
and one is now stationed at Dibrugarh
airport, the newest hub for the airline.
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Alicia Luke
Bollywood star Alia Bhatt’s father
Mahesh and half-sister Pooja arriv-
ing for the bride’s mehendi (henna)
ceremony in Mumbai on Wednes-
day.
Alia is reportedly getting married
to actor Ranbir this week in cere-
monies and celebrations that will
extend over four days.
The actual wedding was sched-
uled to take place yesterday at
Ranbir’s Pali Hill residence Vastu.
The intimate affair will have only
30 guests in attendance, including
family members and close friends,
reported Indian entertainment out-
lets.
Alia and Ranbir started dating in
2018 – the same year they made
their first public appearance as a
couple at actress Sonam Kapoor
and Anand Ahuja’s wedding recep-
tion.
Their love story began on the
sets of Ayan Mukerji’s film Brahmas-
tra, which is set for release soon.
The big fat Alia-Ranbir wedding is on
Page2
April15,2022
tabla
!
INDIA
Singaporean business-to-business fashion e-com-
merce company Zilingo suspended its Indian founder
and chief executive Ankiti Bose, after discrepancies
were allegedly discovered in its accounting during a
due-diligence process for a new funding round.
Bloomberg reported on Tuesday that the com-
pany, which supplies technology to apparel mer-
chants and factories, had been trying to raise
US$150 million ($205 million) to US$200 million
with help from Goldman Sachs Group when in-
vestors began to question its finances.
The move, which could have boosted Zilingo’s
valuation to about US$1.2 billion, has since stalled.
Sources told Bloomberg that the start-up’s in-
vestors, which include Singapore’s sovereign wealth
fund Temasek and Sequoia Capital India, have
started an investigation into the financial practices.
Zilingo’s auditor raised questions about its ac-
counting, they said.
The concerns centre on the way that Zilingo,
which regulators said has not filed annual financial
statements since 2019, accounted for transactions
and revenue across a platform spanning thousands of
small merchants.
The Bloomberg re-
port said Ms Bose (left)
was called for a meet-
ing on March 31 with
three board members
and was told about the
complaints and alleged
irregularities.
Ms Bose, who has
been suspended till
May 5, disputed the
allegations and con-
tested her suspension,
calling the company’s
action a “witch hunt”
that was triggered by
harassment complaints
she raised against an
investor.
The 30-year-old, who has not commented, report-
edly hired lawyer Abraham Vergis of Providence
Law Asia to represent her.
The development represents a dramatic turn of
fate for one of Singapore’s most celebrated start-ups.
Zilingo was founded by Ms Bose and chief
technology and product officer Dhruv Kapoor in
Singapore seven years ago to help small businesses
across South and South-east Asia sell their goods
online.
The company began by working with small
merchants that sell to consumers and then expanded
into adjacent areas. As the founders started talking
with small sellers, they realised many lacked access
to robust technology and essential capital.
That led them to develop software and other tools
that would allow merchants to access factories in
places like Vietnam or Bengaluru and smooth the
complicated process of shipping across borders.
In 2018, Zilingo began to team up with financial
technology firms to provide working capital to small
sellers so they could buy raw materials to make
goods.
In early 2019, Zilingo raised US$226 million from
investors including Sequoia and Temasek and pushed
its valuation to US$970 million – almost the US$1
billion mark that earns start-ups designation as a
unicorn.
Ms Bose was then celebrated as a visionary and a
sign of the entrepreneurial potential for South-east
Asia.
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Zilingo
suspends
CEO Ankiti
NEWS
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April 15, 2022
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