Show Comments ▼ KCS-content Oracle to pay ex-HP chief Hurd up to $11m in salary and bonus ORACLE has offered its new co-president, former Hewlett-Packard chief Mark Hurd, a hiring package with a bonus of up to $10m (£6.5m) and options potentially worth tens of millions more.Oracle, the world’s third-larges software maker, named Hurd co-president on Monday, a month after he stepped down from HP because of a scandal involving expense reports and a female contractor.According to the offer letter, filed yesterday with the US Securities and Exchange Commission (SEC), Oracle is offering Hurd a starting annual base salary of $950,000 and a bonus of as much as $10m, plus options to purchase 10m Oracle common shares after the next board meeting.Fred Whittlesey, an executive compensation consultant with the Hay Group, said it was difficult to estimate the value of stock options. However, he said a “theoretical” estimate based on four years of service and Oracle’s shares reaching $30.60 would make Hurd’s hiring package worth about $72m, with $66m of that in options that vest over four years.Oracle shares closed at $24.14 on yesterday. Wednesday 8 September 2010 8:12 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULL
Tags: Online Gambling 31st March 2020 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Nektan’s revenue from continuing operations more than doubled to £797,000 and losses fell more than 40% in the six months ended 31 December 2019 as the business pivoted to focus on B2B operations.The gaming content provider’s revenue increased 157.1% to £797,000 in the six months as its number new of live sites rose from five to 28. Of this total, £288,000 came from the UK, up 242.9%, and the remaining £509,000 – up 125.2% – came from the rest of the world.However, Nektan incurred £266,000 in costs of sales, a new expense for 2019. This resulted in gross profit of £531,000, up 71.3%.Nektan’s administrative expenses for the six-month period – which include impairment, depreciation and amortisation – came to exactly £3.0m, up 12.7%.The content provider’s earnings before interest, tax, depreciation and amortisation (EBITDA) therefore fell to £1.7m, down 6.8% year-on-year.Amortisation of intangible assets declined slightly to £464,000 while depreciation costs more than tripled to £95,000 and impairment costs of fixed assets created a new expense of £47,000. Exceptional costs, meanwhile, rose from £6,000 to £209,000.As a result, Nektan’s operating loss came to £2.5m, up 6.9% from 2018’s loss.After a net financial loss of £454,000, Nektan’s pre-tax loss came to £2.9m, down 1.0% year-on-year.The business paid £1,000 in taxes for a loss of £2.9m from continuing operations. After accounting for a £157,000 gain through discontinued operations, compared to a £1.8m loss in FY2018, Nektan’s loss from all operations came to £2.8m, down 42.3% year-on-year.These discontinued operations consist of Nektan’s white label B2C arm, which was sold to Grace Media for a total cash consideration of £200,000 as part of a restructuring effort. Income and expenditure from these operations were counted only as discontinued operations for both 2018 and 2019, meaning Nektan’s revenue for the six months ended December 2018 was much lower than was reported at the time.Nektan made a further £63,000 loss from currency exchanges, resulting in a total comprehensive loss of £2.8m, down 40.5% from H1 2018’s loss.The technology provider said that with its new business focus, it expects to break even in the first half of its 2020-21 fiscal year in the six months ending 31 December 2020.“While we are currently live with 34 sites across multiple continents, we see a strong pipeline of partner launches from leading global businesses to deliver their online gaming solutions,” Gary Shaw, interim chief executive officer of Nektan, said. “The roll-out of these sites should take place over the next 2-3 months, which will significantly transform the revenue profile of the group.“This higher margin revenue is forecast to drive the group to EBITDA break-even by the end of this current financial year.”However, Shaw – who took over when Lucy Buckley resigned in August 2019 – added that, like many companies in the gambling industry and beyond, it faces uncertainty over the effects of novel coronavirus (Covid-19). Nektan intends to make a further statement regarding the outbreak’s effect on its business in the near future.“The effects of Covid-19 are only beginning to be understood by the company and our sector, which creates material uncertainty as we understand the effects on our key stakeholders,” Shaw said. “The directors are assessing all available options and we will provide further updates as appropriate.”In January, Nektan was suspended from trading in London after failing to publish its accounts for the year ending June 30 2019 before the end of the year. However, it was restored to the Alternative Investment Market on 27 January this year, after publishing its accounts for the year to 30 June 2019. Nektan cuts losses after restructuring Topics: Finance Strategy Email Address Nektan’s revenue from continuing operations more than doubled to £797,000 and losses fell more than 40% in the six months ended 31 December 2019 as the business pivoted to focus on B2B operations. Finance
Roland Head | Sunday, 14th February, 2021 | More on: GAW Enter Your Email Address Simply click below to discover how you can take advantage of this. Get the full details on this £5 stock now – while your report is free. FREE REPORT: Why this £5 stock could be set to surge See all posts by Roland Head Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Our 6 ‘Best Buys Now’ Shares Roland Head has no position in any of the shares mentioned. The Motley Fool UK owns shares of Games Workshop. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. This UK share is up 1,900% in 5 years: why I’d still buy it today As a lover of cheap stocks, I don’t often find UK shares that have risen by 1,900% in five years and are still tempting me to buy.I often rule out such big winners as too expensive. But investing in shares with strong momentum — rising earnings and share prices — can be a successful strategy, as long as the underlying business is of good quality.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A long-term winner?The stock I’ve been looking at is wargaming specialist Games Workshop (LSE: GAW). Shareholders who’ve held this popular UK share for five years have seen the value of their stock rise by a staggering 1,940%. That’s equivalent to an average annual gain of 83% for five years.Games Workshop’s share price growth has slowed slightly over the last year, which has seen the stock rise by about 50%. But the business is still performing well, despite the disruption caused by the pandemic.The Warhammer hobby appears to have attracted an army of new followers keen to build and paint models and take part in games. Sales rose by 26% to £187m during the six months to 29 November, while pre-tax profit rose by 6% to £92m.In addition to strong sales of the company’s miniature figures, profits are being boosted by royalties generated from licensing the group’s assets for use in media such as video games and television. Royalties have totalled around £15m over the last 12 months. This is almost pure profit — the company says there’s little cost involved in these licensing deals.Solid foundationsAs far as I can see, the big risk facing Games Workshop is that interest in Warhammer could stagnate or even decline. So far there’s no sign of this, but future trends are hard to predict.Another risk is that something might go wrong with the business itself. Again, I can’t see any sign of this at the moment. Games Workshop has high profit margins and generates lots of surplus cash. The group’s expansion seems to have been well handled, without operational issues.CEO Kevin Rountree also takes a conservative approach to financing the business. Games Workshop has no debt and only makes dividend payments using “truly surplus cash”.I’d still buy this UK shareGames Workshop shares currently trade on 30 times 2020–21 forecast earnings, falling to 28 times earnings for 2021–22.That’s more than I’d usually pay for a share. But in this case, I think it’s reasonable. After all, Games Workshop has generated a profit margin of 40% and earnings growth of 50% over the last year.A common feature of the best momentum stocks is that they appear fully priced at first, but still have further to rise. I think Games Workshop could be an example of this.Broker forecasts suggest earnings growth will slow to 10% during the 2021–22 financial year. Although that’s a big drop from the rate seen over the last year, it shows that the company is expected to hold onto the gains achieved during the pandemic. It’s worth noting that forecasts can change based on future developments, and should not be relied on.That matches up with my impression that Warhammer enthusiasts are loyal customers. I think this business could keep growing. I’d be happy to buy Games Workshop today.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 30 June 2008 | News Tagged with: Giving/Philanthropy About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Philanthropy at Independent Schools 37 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis
Tagged with: Scotland trusts and foundations Melanie May | 22 March 2016 | News Picture credit: Rob McDougall Advertisement 61 total views, 1 views today Grantmaker to spread the word about its work to local community AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 62 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 An Edinburgh-based charity that supports the Royal Hospital for Sick Children in Edinburgh is to take its work to a wider audience through the use of expert speakers.The Sick Kids Friends Foundation (SKFF) supports the Royal Hospital for Sick Children in Edinburgh and has committed to giving £2.9million towards its move to a new, purpose-built home next year.Last year, SKFF also awarded grants to enhance nine areas of the hospital, including the bereavement suite and A&E waiting rooms. It awarded 48 grants for comforts, which included toys, technology such as DVD players and iPads, arts and crafts, and the Beads of Courage programme, as well as funding almost 20 pieces of equipment to improve the care of children.To raise awareness of what it does, SKFF is now offering free speakers to the local community, and is encouraging clubs, organisations and societies across Edinburgh and the Lothians to book a speaker to find out more about its work.Pippa Johnston, director of fundraising and marketing at SKFF, said:“We exist to ensure children and young people’s lives are less interrupted by illness and that they have a more positive hospital experience. We want to share our plans for the new hospital with the local community, and ensure people are well informed of the life-changing projects we fund and the supportive work that we do.”Those interested in booking a free speaker can contact Aby Johnston on [email protected] or call 0131 668 4949. About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.
Linkedin Daichi Itohttps://www.tcu360.com/author/daichi-ito/ Facebook What we’re reading: Chauvin found guilty in Floyd case, Xi to attend Biden’s climate change summit Photo courtesy: Michael Rozman/Warner Bros Abortion access threatened as restrictive bills make their way through Texas Legislature Daichi Ito ReddIt + posts What to expect from the new Music Center Facebook Daichi Itohttps://www.tcu360.com/author/daichi-ito/ Linkedin Daichi Itohttps://www.tcu360.com/author/daichi-ito/ How distance learning is affecting the job hunt for seniors Daichi Ito is an economics major with a minor in journalism from Cupertino, California. His dream is to one day work in the sports industry as a sports economist or sports journalist. Strategic communication seniors promote safe drinking class project printPeople stuck on Italian cruise ship amid coronavirus fearAn Italian cruise ship carrying 6,000 people was kept in lockdown after a 54-year-old woman showed coronavirus-like symptoms, according to CNBC. The woman, along with her husband, were kept in isolation until authorities confirmed it was not the coronavirus. The cruise ship arrived at the Italian port of Civitavecchia on Thursday morning, where it had sailed from Palma de Majorca, Spain, as part of its West Mediterranean tour. The Costa Smeralda cruise ship is docked in the Civitavecchia port near Rome, Thursday, Jan. 30, 2020. Italian health authorities are screening passengers aboard after a passenger from Macao came down with flu-like symptoms amid the global scare about a new virus. Passengers are being kept on board pending check to determine the type of virus. (AP Photo/Andrew Medichini)330-million-year-old shark fossil found in KentuckyResearchers were in disbelief when they stumbled upon a massive fossilized shark while investigating the cave system, according to CBS News. The research team deemed the shark to be 330 million years old and belonging to a species called Saivodus striatus.The shark fossils that were discovered come from a layer of rock that extends from Missouri to Virginia. This is the first time shark fossils have been recorded.Drug tunnel discovered at U.S.-Mexico borderU.S. Customs and Border Patrol discovered the “longest ever” drug-smuggling tunnel Wednesday, according to the Washington Post. The tunnel stretches from Tijuana, Mexico, to San Diego, California, and is approximately 12 football fields long. This undated photo provided by the Drug Enforcement Administration shows what is believed to be the longest smuggling tunnel between Mexico and the U.S. Authorities have announced the discovery of the longest smuggling tunnel ever found on the Southwest border. U.S. Customs and Border Protection said Wednesday, Jan. 29, 2020, the tunnel stretches more than three-quarters of a mile from a small warehouse in Tijuana, Mexico, into the San Diego area. (Drug Enforcement Administration via AP)U.S. Customs and Border Protection officials said Mexican narcotics traffickers had used the tunnel to smuggle drugs into an industrial area of San Diego. It was complete with a railway, plumbing and ventilation systems. Student in dreadlock controversy awarded scholarshipA Texas teen surrounded by controversy over his school’s dreadlock policy was awarded a scholarship during Thursday’s “The Ellen Show,” according to ABC News. Deandre Arnold, a senior at Barbers Hill High School in Mont Belvieu made headlines earlier this month after the school gave him an in-school suspension because of the length of his dreadlocks. They also threatened not to let him walk the stage at graduation. Arnold appeared on the show to discuss the issue with his school over his hair length. In a surprising move, DeGeneres brought out singer Alicia Keys to present Arnold with a $20,000 scholarship.Arnold intends to go to college and become a veterinarian one day. Twitter Twitter Daichi Itohttps://www.tcu360.com/author/daichi-ito/ Previous articleTCU students assist in production of Netflix’s ‘Cheer’Next article‘We’ve never seen anything like this’: Bloomberg focuses on Texas as part of unique campaign strategy Daichi Ito RELATED ARTICLESMORE FROM AUTHOR ReddIt Taking in pets increases amid pandemic What we’re reading: Former Vice President dies at 93, Chad President killed on frontlines
News UpdatesCardiac Patient Moves Kerala HC Alleging Denial Of Treatment To Non-COVID Patients In Govt Hospitals LIVELAW NEWS NETWORK20 May 2020 7:04 AMShare This – xRadhakrishnan R., a tailor by profession belonging to below poverty line category has moved the Kerala High Court alleging repeated denial of ‘right to medical care’ by the Government hospitals in the state, until the Corona crisis abates. The Petitioner, though Advocates SK Adhithyan and Keerthi S Jyothi, has submitted that he was diagnosed with three blockages in the heart and has…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginRadhakrishnan R., a tailor by profession belonging to below poverty line category has moved the Kerala High Court alleging repeated denial of ‘right to medical care’ by the Government hospitals in the state, until the Corona crisis abates. The Petitioner, though Advocates SK Adhithyan and Keerthi S Jyothi, has submitted that he was diagnosed with three blockages in the heart and has since suffered three cardiac arrests, but was denied medical (Bypass) surgery by the Government hospitals, on the ground of giving priority to COVID patients. He further submitted that he belongs to the BPL category and cannot afford the hefty amount of Rs. 10,00,000/- being charged by the private hospitals to perform the ‘Coronary Artery Bypass Grafting/ Intensive Medical Management’ on him. He has thus submitted that he needs “urgent medical attention” however, the inaction on the part of the Respondent Government hospitals has left him “medically stranded” and it impinges upon his Right to health which is an integral part of the Right to life as enshrined under Article 21 of the Constitution. “Right to life under Art.21 of the Constitution includes the right to lead and dignified and meaningful life and the right to health is an integral facet of right to life,” the Petitioner has submitted in view of Devika Biswas v. Union of India & Ors., 2016 (10) SCC 733. The plea further states that right to health must also be considered an aspect of social justice, not only enumerated under Article 21 of the Constitution of India but also under the Directive Principles of State Policy and International Conventions in which India is a party. The Petitioner has therefore prayed that the right to access public health facilities should be declared as a Fundamental right. “The right to access public health facilities and medical treatment is a fundamental right under Article 21 of the Constitution of India. A Division Bench of Hon’ble Chattisgarh High Court in Kali Bai Sita Ram Kasar v. Union of India , 2018 KHC 3984, Thottathil B. Radhakrishnan, J. held that right to access to public health facilities is a fundamental right under Article 21 right to life and personal liberty as it is part of right to health. The Hon’ble Manipur High Court, in Nongthombam v State of Manipur & Ors, 2019 KHC 3253 has held that right to health and medical treatment is not an integral facet of right to life under Article 21 of the Constitution of India and denial of the same in a government medical facility will amount to violative of Article 21 of the Constitution of India and also directed compensation to be granted in the case,” the plea states. It is averred that no legislative framework or government order is in force to deny proper public health facilities to patients other than COVID-19. “There is no procedure established by law as prescribed under Article 21 of the Constitution of India for denying public health facilities to patients who have not been contracted with COVID-19,” the plea states. Therefore, it has been pleaded that the inaction on the part of the Respondent Government Hospitals be declared as unconstitutional and violative of fundamental right to equality enshrined under Article 14 and Right to life under Article 21 of the Constitution. Further, the Petitioner has sought a direction to the Respondents to conduct CABG on him or to find an alternative public health facility for the same in case the Respondents do not have adequate means. A PIL was filed before the Delhi High Court last month, seeking directions for the government to ensure that non-COVID patients, who are suffering from other illnesses, are given adequate attention and treatment in hospitals. The Bombay High Court had also recently sought replies from the state and the central government in a batch of PILs contending that hospitals in the city are turning away non-covid19 patients. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. 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Top StoriesBREAKING : ‘You Can’t File A Petition Against Observations’ : SC To Centre On Plea Against Findings In Rhea Chakraborty Bail Order LIVELAW NEWS NETWORK18 March 2021 12:20 AMShare This – xWhile considering a case related to Rhea Chakraborty, the Supreme Court on Thursday told the Central Government that a petition cannot be challenged against mere observations in a bail order.A bench headed by the Chief Justice of India was considering the petition filed by the Central Government through the Narcotics Control Bureau against the observations made by the Bombay High Court…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginWhile considering a case related to Rhea Chakraborty, the Supreme Court on Thursday told the Central Government that a petition cannot be challenged against mere observations in a bail order.A bench headed by the Chief Justice of India was considering the petition filed by the Central Government through the Narcotics Control Bureau against the observations made by the Bombay High Court while granting bail to actor Rhea Chakraborty in the NDPS case registered in connection with the death of Sushant Singh Rajput.Solicitor General Tushar Mehta, appearing for the Centre, told the bench that the grant of bail has not been challenged in the petition.”My worry is that the court has made certain wide ranging observations about NDPS Act, which make the Act unworkable”, the SG said.The bench highlighted that the Centre’s petition does not challenge the bail order and only challenges observations.”We find the new things you do very difficult to understand. You cannot file a petition challenging the observations. You can only challenge the order. The observations are prima facie”, the CJI told the SG.At this, the SG requested for time to amend the petition to include challenge against the grant of bail. Allowing this request, the bench, also comprising Justices AS Bopanna and V Ramasubramanian, posted the matter to next Monday. It was on October 7 last year that a single bench of Justice SV Kotwal granted bail to Chakraborty – who was under custody for over a month since September 8- in the case registered by the NCB alleging that she facilitated the procurement of ganja for late actor Sushant Singh Rajput.High Court’s observationsThe High Court rejected the arguments of NCB that she was part of drug dealers and was involved in facilitating drug trade. The High Court had also made observations regarding the scope of Section 27A of the NDPS Act to hold that mere giving of money to buy drugs and mere concealment of drug use by a person will not amount to “financing illicit trade” and “harbouring of offender” as per the said section.In the bail order, the Court observed :”She(Rhea) is not part of drug dealers. She has not forwarded the drugs allegedly procured by her to somebody else to earn monetary or other benefits. Since she has no criminal antecedents, there are reasonable grounds for believing that she is not likely to commit any offence while on bail”.The High Court observed that there are reasonable grounds for believing that Rhea was not guilty of any offence punishable under Section 27A of the Narcotic Drugs and Psychotropic Substances Act (NDPS Act) or any offence involving commercial quantity.Section 27A of the Act relates to the offence of “financing illicit trade” and “harbouring” of a person engaged in such trade. This is a serious offence, punishable with a minimum of ten years imprisonment, and is mentioned as one of the offences under Section 37 which deals with rigours of grant of bail.The Court observed that mere giving money to another would not mean “financing illicit trade”.”…simply providing money for a particular transaction or other transactions will not be financing of that activity. Financing will have to be interpreted to mean to provide funds for either making that particular activity operational or for sustaining it. It is the financial support which directly or indirectly is cause of existence of such illicit traffic. The word “financing” would necessarily refer to some activities involving illegal trade or business.The allegations against the Applicant of spending money in procuring drugs for Sushant Singh Rajput will not, therefore, mean that she had financed illicit traffic”, the HC observed.The Court also rubbished the allegation that Rhea had “harboured” Sushant Singh Rajput.”In the present case, no criminal case or FIR was pending against Sushant Singh Rajput. He was residing in his own house and was spending for his own food and other necessities. At that point of time, he had no apprehension of any arrest. Therefore, the act on the part of the Applicant cannot be stretched to attract the allegation of harbouring Sushant Singh Rajput”, Justice Kotwal observed in this regard. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Story