Amit Panghal wins gold medal in boxing at Asian Championships
Bangkok: Indian boxer Amit Panghal (52kg) picked up his second successive gold medal of the year, claiming the top honours in the Asian Championships here Friday.
Panghal, who won the Asian Games gold medal last year, defeated Korea's Kim Inkyu Korea in a unanimous decision. He came into the tournament on the back of a gold at the Strandja Memorial Tournament in February.
This was his maiden international competition since moving up to 52kg from 49kg earlier this year.
However, national champion Deepak Singh (49kg) had to settle for a silver after going down in a split verdict to Nodirjon Mirzahmedov of Uzbekistan.
India have challenged the verdict under the Bout Review System and a decision is awaited on it. Up against a lanky opponent, who was willing to play the waiting game, Panghal started in his usual aggressive style.
The strategy of stumping rivals with relentless attacks paid off against Inkyu and the Korean simply had no answer to Panghal's aggression.
The Indian managed to corner his rival quite often and his solid defences thwarted the feeble attempts at connecting by Inkyu. Earlier, Deepak put up a gutsy performance that failed to find favour with the judges.
It was a bout in which both the boxers were mostly looking to counter-attack. Deepak's focus was getting his straight punches across, while Mirzahmedov looked to connect right hooks occasionally.
The Indian was a clear winner in the opening round but Mirzahmedov came back strongly in the second.
The Uzbek turned a shade defensive in the last three minutes, which gave Deepak a chance to assert himself. However, the final outcome was in favour of the Uzbek, much to the surprise of the Indian camp which immediately sought a review of the decision.
The tournament has a Bout Review Process in place for any contentious decisions. Teams have been handed yellow cards at the beginning of their respective bouts. Coaches get a minute after the fight to appeal against a decision.
A slow motion footage of the bout is used for reviews by an observer to decide the merits of the appeal.
In case the decision does not favour the team concerned, the national federation has to pay USD 1,000 as penalty.
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ED arrests Sandeepa Virk, 'cosmetologist' for alleged money laundering
New Delhi, Aug 13 (PTI): The Enforcement Directorate said on Wednesday it has arrested a woman, who claims to be an actor and a cosmetologist, under the anti-money laundering law in a case of alleged fraud and misrepresentation.
The agency said the purported links of the woman, Sandeepa Virk, with a Reliance Group executive, Angarai Natarajan Sethuraman (President, Corporate Affairs), are also under its scanner. Sethuraman, in a statement, denied any connection with Virk or any transactions related to her.
Virk was taken into custody under the Prevention of Money Laundering Act (PMLA) on Tuesday after searches were conducted against her and her associates in Delhi and Mumbai over the last two days.
A special court sent her to the ED's custody till August 14, the agency said. The woman claims to be the owner of a skin care products selling website named hyboocare.com, which the ED claimed was a "front" for money laundering.
She and her associates are being probed for allegedly exerting undue influence through "misrepresentation" and "defrauding" individuals by soliciting money under false pretences.
According to an Instagram ID of Virk, she is an actor and entrepreneur and the founder of the said website.
The federal agency said in a statement that the woman was also "in touch with" Sethuraman, former director of erstwhile Reliance Capital Limited.
She was communicating with him regarding "illegal liaisoning", the ED claimed, adding that the searches at Sethuraman's residence "confirmed" these allegations.
"Besides, diversion of funds for personal benefit has also been unearthed during the course of the search action," it said.
The ED alleged that public money worth about Rs 18 crore belonging to Reliance Commercial Finance Limited (RCFL) was disbursed to Sethuraman in 2018 by "flouting" prudent lending norms.
The funds were lent under terms that allowed a deferment of the principal amount as well as the interest, with multiple waivers granted and no due diligence conducted, it said.
The ED claimed that besides this, a home loan of Rs 22 crore was provided by Reliance Capital Limited by "violating" the prudential norms. "A large part of these loans are seen to have been eventually siphoned off and remained unpaid," it alleged.
Sethuraman, in a statement, dismissed the allegations as "baseless". He denied any connection with Virk or any transactions related to her.
Detailing about Virk's web portal, the agency said it purportedly sold FDA-approved beauty products. However, the ED said the products listed on the website have been found to be non-existent and the portal lacks a user registration option and is plagued by persistent payment gateway issues.
A scrutiny of the website uncovered minimal social-media engagement, an inactive WhatsApp contact number and an absence of transparent organisational details, all of which reinforce the finding of "non-genuine" commercial activity, the ED claimed.
"These factors, including limited product range, inflated pricing, false claims of FDA approval and technical inconsistencies, indicate that the website serves as a front for laundering funds," it said.
Another social media-hosted bio data of the woman said she is a certified cosmetologist.
The ED said several "incriminating" documents were seized during the searches and the statement of a man named Farrukh Ali, stated to be an associate of Virk, was recorded.
The money-laundering case stems from an FIR lodged by the Punjab Police.
Sethuraman said that the home loan he received from Reliance Capital was granted following due process and was secured by the property offered as collateral.
