Former Aussie spinner MacGill convicted in cocaine case
Sydney, Mar 13 (PTI): Former Australian spinner Stuart MacGill was found guilty of involvement in a cocaine deal on Thursday, but cleared of participating in large-scale drug supply.
A Sydney District Court jury acquitted the 54-year-old leg-spinner of facilitating a one-kg cocaine deal worth AUD 330,000 in April 2021.
However, he was convicted of the charge of taking part in drug supply.
MacGill, who played 44 Tests for Australia, "showed little emotion" as the verdict was read, according to a reports in Australian media.
Hearing of his sentence was adjourned for eight weeks.
The court heard that MacGill introduced his regular drug dealer to his brother-in-law, Marino Sotiropoulos, at a meeting under his restaurant on Sydney’s north shore.
While he denied knowledge of the transaction, prosecutors argued the deal could not have taken place without his involvement.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee declines 27 paise to 90.95 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 27 paise to 90.95 against the US dollar in early trade on Friday, weighed down by a strong American currency and higher crude oil prices due to the escalated geopolitical tension.
A selling rush in domestic equities further pressured the Indian currency, forex traders said.
At the interbank foreign exchange, the rupee opened at 90.94 and slipped further to trade at 90.95 against the greenback in early deals, losing 27 paise from its previous closing level.
The rupee rose 4 paise to settle at 90.68 against the US dollar on Wednesday. The currency exchange markets were closed on Thursday on account of Chatrapati Shivaji Maharaj Jayanti.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 97.89.
Brent crude, the global oil benchmark, was trading 0.14 per cent higher at USD 71.77 per barrel in futures trade.
Analysts attributed the strengthening dollar and crude prices to heightened tension between the US and Iran, with both countries signalling they are prepared for war if talks on Tehran's nuclear programme fizzle out.
On the domestic equity market front, Sensex fell 150.35 points to 82,347.79 in early trade while the Nifty declined 35.15 points to 25,419.20.
On Thursday, foreign institutional investors offloaded equities worth Rs 880.49 crore, according to exchange data.
_vb_94.jpeg)
