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Seemingly unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi on Monday said losing the presidential re-election bid to Qatar’s Dahlan Jumaan Al-Hamad has actually given him a chance to work at the “grassroots” level.
“I have no issues today and I congratulate Mr Al-Hamad for being elected as President. I am rather relieved that I will be able to work at the grassroots level in athletics,” Mr. Kalmadi said after losing the vote during the ongoing AAA Congress in Pune.

International News
 

Italy impounds fake US bonds worth $6 tn

Saturday - Feb 18, 2012, 11:51am (GMT+5.5)
[+] Text [-]

Rome - Italian police have confiscated counterfeit US state bonds worth $6 trillion, media reports said Friday.

The operation was sanctioned by the prosecutor's office of the southern Italian city of Potenza and was the result of an investigation initiated a year ago by the Potenza prosecutor and Swiss authorities.

The false securities supposedly issued by the US Fed in 1934 were confiscated in a Swiss company based in Zurich in January but it became known only recently.

The police also detained eight people on suspicion of creating a company for international financial fraud.





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