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NDTV
2 hours ago
- NDTV
Pope Leo Takes First Action To Address Abuse By Catholic Clergy
Vatican City: Pope Leo on Saturday appointed a French archbishop as the new leader of the Vatican's commission on clergy sexual abuse, in the U.S. pontiff's first public move to confront an issue that has damaged the global Church's credibility. Thibault Verny, 59, will be president of the Pontifical Commission for the Protection of Minors while also remaining the archbishop of Chambery in southeast France. The Vatican commission was created by Pope Francis in 2014 in an effort by the late pontiff to respond after sexual abuse scandals affected the Church in countries across the world. The scandals have damaged the Church's standing as a moral voice, led to lawsuits costing millions in countries across the globe, and resulted in a number of resignations of bishops. Verny said he was committed to improving the Church's safeguarding measures. "We will promote the ... equitable sharing of resources so that all parts of the Church, regardless of geography or circumstance, can uphold the highest standards of protection," he said in a statement. Verny replaces Cardinal Sean O'Malley, the former archbishop of Boston. O'Malley, 81, had been serving beyond the Church's traditional retirement age of 80 for bishops. O'Malley had led the group since its creation. While some victims have praised the commission's efforts, it has also been roiled by the resignations of several of its members over the years. In 2023, a prominent Jesuit priest and papal adviser stepped down, saying publicly that he had concerns over the way the group was operating. Verny was first made a member of the commission by Francis in 2022. He has also led the French Church's safeguarding efforts. O'Malley praised the appointment, saying in a statement Verny is "a collaborative leader committed to advancing the global adoption of protection and safeguarding, to as best possible assure the safety of those in the care of the Church throughout the world".
The Hindu
21 hours ago
- The Hindu
ED arrests Delhi man in ₹903 crore Chinese app fraud case
The Enforcement Directorate (ED) has arrested one of the alleged masterminds of a Chinese app investment fraud case and conducted searches on five premises in Delhi on Friday (July 4, 2025). The accused, identified as Rohit Vij, was arrested as part of the probe into a money laundering charge, based on a First Information Report (FIR) registered by the Hyderabad police in 2022. It was alleged that certain Chinese individuals, in conspiracy with some Indian nationals, defrauded people on the false promise of phenomenal returns on investments through their app named 'Loxam', claiming that it was related to a reputed French multinational group of the same name. 'The investigation revealed that the tainted money was collected in the bank account of a shell entity, Xindai Technologies Private Limited, formed in the name of an Indian person, on the instructions of a Chinese national named Mr. Jack, who took the Internet Banking credentials and routed the funds through 38 mule accounts,' the agency said. The funds were subsequently converted into foreign currencies allegedly with the help of Mr. Vij and his associates through Delhi-based shell money changer entities – Ranjan Money Corp and KDS Forex – controlled by them. 'The tainted amount was converted into foreign currencies, mostly in U.S. dollar & UAE (United Arab Emirates) dirham and provided it to the Chinese perpetrators through 'hawala' channels,' the probe agency said. According to the ED, ₹171.47 crore was laundered through Xindai Technologies. 'However, analysis of bank accounts of Ranjan Money Corp and KDS Forex showed that within a period of seven months, these entities, under the control and operation of Mr. Vij, have converted ₹903 crore of similar tainted money,' said the ED. Mr. Vij has been taken into a 5-day ED custody for recording of his statement under the Prevention of Money Laundering Act (PMLA).
Fibre2Fashion
a day ago
- Fibre2Fashion
France imposes $47.11-mn penalty on Shein
Following a year-long probe, French authorities yesterday announced a €40-million (~$47.11-million) penalty on e-commerce firm Shein, saying it used "deceptive commercial practices toward consumers regarding (...) price reductions". The French competition and anti-fraud office claimed the Singapore-headquartered company misled customers on price deals and on its environmental impact. Following a year-long probe, French authorities yesterday announced a $47.11-million penalty on e-commerce firm Shein, saying it used "deceptive commercial practices toward consumers regarding (...) price reductions". The Directorate General for Competition Policy, Consumer Affairs and Fraud Control competition office said the probe found the firm raised certain prices before lowering them. The Directorate General for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF) competition office said the probe found that the firm raised certain prices before lowering them. Shein, founded in China in October 2008 as ZZKKO by entrepreneur Chris Xu, has accepted the fine, media outlets in France reported. "These practices of greatly discounted prices and permanent promotions give consumers the impression they're getting a great deal," said the DGCCRF, which found that 11 per cent of advertised discounts it checked "were actually price increases". In 57 per cent of cases, Shein's advertised promotions actually offered 'no price reduction' and in 19 per cent of cases, the price drop was 'less significant than announced'. Fibre2Fashion News Desk (DS)
