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"AIMIM Leader Had Role In Hiding Nida Khan": D Fadnavis On TCS Nashik Case

In the ongoing Nashik TCS case, Maharashtra Chief Minister Devendra Fadnavis on Friday made strong remarks regarding the alleged role of an All India Majlis-e-Ittehadul Muslimeen (AIMIM) corporator in the matter involving accused Nida Khan, whose anticipatory bail was rejected by a court. Fadnavis said the investigation is underway and all angles will be examined to uncover those behind the alleged conspiracy. "It is clear that the AIMIM corporator (Mateen Majid Patel) had a hand in hiding Nida Khan. Who was behind all this will be found out. Are they in the conversion racket? Did they help? It will be discovered," he said. AIMIM leader Imtiaz Jaleel on Friday also reacted to developments in the Nashik TCS case. On the allegation that AIMIM corporator Mateen Majid Patel harboured the accused, Jaleel said he would seek details from the police but stressed the principle of law. "I need to get all the information from the police about what was the role of our corpor...
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Several Hundred Credit Suisse Bankers To Get Termination Notices: Report

Several hundred Credit Suisse investment bankers will soon be fired as UBS begins to implement the merger of the two banks, the Swiss weekly HandelsZeitung said Friday.

UBS agreed to buy its rival in a hastily arranged 3-billion-franc ($3.5 billion) fire sale over a March weekend by Swiss authorities afraid that a weakened Credit Suisse would go bankrupt, with speculation rife since about the impact on jobs.

HandelsZeitung said that according to its sources UBS chief executive Sergio Ermotti wants to rapidly get to work on eliminating the huge amount of duplication in their operations.

"The transformation is beginning: in the coming days several hundred Credit Suisse bankers will receive termination notices," said the weekly.

It noted that the Swiss media have speculated about between 30,000 and 35,000 job cuts across the world.

At the end of last year, the two banks had around 120,000 employees between them across the world, including 37,000 in Switzerland.

UBS declined to comment when contacted by AFP.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



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