Tag: Fraud

China sentences 11 members of notorious Ming mafia family to death

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Desk Report: A Chinese court has sentenced 11 members of the notorious Ming family to death. The BBC reported, citing state broadcaster CCTV, that the convicted individuals operated a fraud and crime ring in the Myanmar town of Laukai. A total of 39 people were sentenced in the verdict announced in the eastern Chinese city of Wenzhou on Monday (September 29). Of these, 11 were sentenced to death, five others were given two-year suspended death sentences, 11 were given life sentences and the rest were given sentences ranging from five…

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E-Valley’s Russell-Shamima sentenced to three years in prison in another case

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Desk Report: Mohammad Russell, CEO of e-commerce company E-Valley, and his wife and company chairman Shamima Nasrin have been sentenced to three years in prison in another fraud case. Dhaka Metropolitan Magistrate Monirul Islam announced the verdict on Thursday. In addition to the prison sentence, they have been fined Tk 10,000 each. The plaintiff in this case is a customer named Abul Kalam Azad. In the case, he alleged that he was attracted by E-Valley’s eye-catching advertisement and placed a purchase order for 11 motorcycles for Tk 2.3 million. He…

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Woman buys entire company without getting CEO position

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International Desk: To survive in the business world, hard work and perseverance are not enough, you need a strong mentality and the ability to ignore the words of critics. Julia Stewart has set such an example. In the late 1990s, when she was working as the president of Applebee’s, she was told that she would never be the CEO of the company. She could not accept this insult. She left the company. She became the CEO of a rival fast food chain. Later, she bought her old workplace for $…

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