Aakash sets aside BYJU’s parent rights issue allocation to FEMA over ECB compliance concerns

FILE PHOTO: Byju’s logo is seen in this illustration taken on June 22, 2023. REUTERS/Dado Ruvic/Illustration/File Photo | Photo credit: Dado Ruvic Aakash Educational Services Ltd (AESL) has withheld stake allotment to BYJU’S parent Think & Learn Pvt Ltd (TLPL) in its recently completed ₹100 crore rights issue, citing concerns over possible violations of FEMA […]

Sheila Cherfilus-McCormick accused of stealing FEMA funds

Topline Rep. Sheila Cherfilus-McCormick, D-Fla., was accused of allegedly stealing and laundering $5 million from the Federal Emergency Management Agency, the Justice Department announced Wednesday, alleging the scheme was carried out through her family care business. The indictment against Cherfilus-McCormick was released Wednesday. (Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ Roll Call, Inc. via […]

GAO says that FEMA has violated the law by blocking crucial aid money

GAO said that FEMA has withheld illegal financing for the Emergency Food and Shelter Program and the Shelter and Services Program (SSP). Both initiatives offer help to people in crisis – including migrants and survivors of disasters. “The totality of the facts and circumstances here therefore determines the intention of postponing or excluding the obligation […]