World

Boeing pleads guilty to fraud to avoid court

Jul 09, 2024

Washington [US], July 9: US aircraft manufacturer Boeing has pleaded guilty to defrauding the US government to avoid a court case concerning two fatal crashes involving the 737 Max aircraft, according to a document from the US Department of Justice for a court in Texas.
The deal, which was agreed late Sunday evening, means the company must pay a multi-million-dollar fine and will also be monitored by a government watchdog. The accidents in October 2018 and March 2019 claimed the lives of 346 people.
At the time, Boeing avoided prosecution by promising to implement a compliance and ethics programme. The company also paid a fine of $243.6 million. The Department of Justice decided in May that Boeing was in breach of the conditions of the deal at the time.
New investigation after dramatic incident in January when a fuselage fragment of a virtually new Boeing aircraft broke off during a climb. Nobody was injured in the incident but it was only due to luck that the seats next to the hole in the fuselage were not occupied at the time. (DPA)
Source: Qatar Tribune

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A Major Breakthrough in the Diamond Industry: Rajnish Retail Bags Rs1,500 Crore Order, Share Prices Predicted to Surge by 2,000%

New Delhi [India], January 17: Rajnish Retail Limited, a prestigious diamond and jewelry company based in Mumbai, has achieved a historic technical milestone. According to sources, this leading Indian company has secured a massive Rs1,500 crore order from two of the world's largest diamond companies, De Beers and Signet Jewelers. This deal is considered a significant achievement for the Indian company, likely to boost its market value and business substantially. Market analysts predict that the company's share price could witness a tremendous surge following this deal. They believe the share price could grow by approximately 2,000% in the next 10-12 months. Currently priced around Rs14, the share is expected to surpass Rs220 by next year.

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