
CTD identifies notorious suicide bomber
According to CTD officials, the deceased militant was involved in multiple terrorist activities in Karachi and was an expert in preparing suicide jackets and explosives. To conceal his identity, he had been using the ID card of a deceased Afghan-based terrorist, Kashif, son of Bakht Rawaan, who was reportedly killed and buried in Afghanistan.

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Business Recorder
7 hours ago
- Business Recorder
India accuses Walmart's Myntra of breaching foreign investment rules
BENGALURU: India's financial crime agency said on Wednesday it was investigating Walmart's fashion business Myntra Designs for allegedly breaching laws prohibiting foreign wholesalers from selling to consumers. The case comes amid growing scrutiny of e-commerce players in India. An antitrust investigation last year found Amazon and Walmart's other e-commerce platform, Flipkart, favoured select sellers and resorted to 'predatory pricing', hurting smaller retailers. The companies denied the allegations. Myntra, owned by Flipkart, sells fashion brands on its own e-commerce website. Detailing its findings from an investigation, India's Enforcement Directorate said that Myntra declared it was a wholesaler and received $192 million of foreign investment, but then sold most of its goods to a group entity that retailed those products to consumers. 'Myntra Designs Pvt. Ltd was actually carrying out multi-brand retail trading in the guise of wholesale cash & carry,' the agency said. Myntra said in a statement that it had not received documents related to the case from the authorities but that it remained 'fully committed to cooperating with them at any point of time'. Some Walmart garment orders from Bangladesh on hold due to US tariff threat Walmart did not immediately respond to a request for comment. In a bid to protect domestic retailers and traders, India prohibits foreign companies engaging in wholesale business to make any direct sales to consumers. E-commerce business is also restricted, with foreign-owned companies like Myntra, Amazon and Flipkart allowed to operate marketplaces to connect buyers and individual sellers online, but not to stock goods or offer them directly to consumers. The Enforcement Directorate said it had filed a complaint against Myntra before an adjudicating authority, without giving details. Flipkart and Amazon have also faced allegations of breaching India's foreign investment rules. A 2021 Reuters investigation based on internal Amazon documents showed the company for years gave preferential treatment to small groups of sellers, and used them to bypass Indian laws. Amazon has denied wrongdoing. Amazon and Flipkart are leading players in India's e-commerce market, which was estimated to be worth $125 billion in 2024 and is set to top $345 billion by 2030, according to India Brand Equity Foundation. Founded in 2007, Bengaluru-based Myntra was acquired by Flipkart in 2014. Walmart bought a controlling stake in Flipkart in 2018 for $16 billion. Myntra reported revenues of nearly $600 million in 2023-24, up 15% on the previous year.


Business Recorder
10 hours ago
- Business Recorder
India investigates Walmart's Myntra for breaching foreign investment rules
Walmart's Indian fashion arm Myntra is being investigated for allegedly breaching rules that ban foreign-funded wholesale retailers from selling directly to consumers, India's federal crime fighting agency said on Wednesday. Myntra has raised nearly $192 million from foreign investors, the Enforcement Directorate said, without naming the investors. The company, registered as a wholesale retailer, sold the majority of its products to a retailer it owned, which then sold the products on Myntra's website, the agency said. Myntra and Walmart did not immediately respond to requests for comment. India's investment rules only allow foreign e-commerce companies to run a marketplace to connect buyers and sellers, and they cannot stock and sell goods to customers on their own. Some Walmart garment orders from Bangladesh on hold due to US tariff threat Other companies including Walmart's Flipkart and Amazon have often faced allegations of breaching such rules using certain sellers - allegations the companies have denied. Founded in 2007, Bengaluru-based Myntra operates an online marketplace that specializes in fashion and lifestyle products. The company last reported an annual revenue of nearly $599 million, according to Tofler data.


Express Tribune
15 hours ago
- Express Tribune
Jeffrey Epstein's former attorney Roy Black dies at 80
Roy Black, the renowned Miami-based criminal defense attorney known for representing figures such as Jeffrey Epstein, Rush Limbaugh, and Justin Bieber, has died at age 80. His law partner, Howard Srebnick, confirmed Black passed away Monday at his home in Coral Gables, according to the Miami Herald. 'For more than 30 years, Roy was my teacher, mentor, and friend,' Srebnick said in a statement to the Associated Press. 'The losses I feel personally and professionally are immeasurable.' Known for his courtroom presence and methodical strategy, Black attracted a wide range of clients, from entertainers and political figures to police officers and businessmen. His most publicized cases included William Kennedy Smith's 1991 televised acquittal in a sexual assault trial, pop star Justin Bieber's DUI-related charges, and race car driver Helio Castroneves's federal tax evasion case, in which he was acquitted. He also represented controversial financier Jeffrey Epstein and conservative commentator Rush Limbaugh. Fellow defense attorney David O. Markus described Black as 'the Michael Jordan of criminal defense,' adding, 'He worked harder than any lawyer I know. His impact on criminal defense is beyond measure.' Other notable clients included Miami police officer William Lozano, acquitted in the fatal shooting of a Black motorcyclist, and Amid Khoury, who was found not guilty in a high-profile college admissions bribery case. Black's work in the courtroom earned him legendary status, and in legal circles across Miami, he was widely regarded as the 'GOAT'—greatest of all time. Roy Black leaves behind two children and a legacy defined by landmark legal victories, tireless advocacy, and a lifelong commitment to mentoring the next generation of attorneys.