2nd scaled-down hajj of covid era witnesses highest levels of health precautions

Dubai, June 27: HDFC Bank, India’s largest private lender, is under scrutiny in the UAE over allegations it sold high-risk Credit Suisse AT1 bonds to retail investors in violation of regulatory norms.

The bonds — complex instruments meant only for experienced or high-net-worth clients — were wiped out in March 2023 during Credit Suisse’s emergency merger with UBS. Several investors claim HDFC Bank relationship managers misrepresented these as safe, forged financial documents to meet eligibility criteria, and failed to disclose crucial risks.

Dubai resident Varun Mahajan says he lost $300,000 in savings and alleges the bank inflated his net worth to bypass DFSA rules. Another investor, NS from the Philippines, claimed he was sold AT1 bonds using a leverage loan he never applied for. Others, including Indian national Pankaj Sinha and South Africa-based AT, described similar misrepresentation, unauthorized document changes, and manipulation of KYC data.

Legal complaints have been filed in India, the UAE, Bahrain, and DIFC. Investors accuse the bank of misleading them and exposing them to losses running into millions of dollars.

In response, HDFC Bank denied any wrongdoing, stating it follows strict processes and takes action against malpractice. The DFSA has declined to comment due to legal confidentiality.

Internal sources say several HDFC executives have recently resigned, and the Dubai offshore head has been replaced, raising questions about accountability.

Experts say the case exposes regulatory gaps across jurisdictions and may prompt closer scrutiny of how banks operate across borders.

An Indian-origin woman living near Toronto, Canada, has sparked a widespread online conversation after sharing her experiences with subtle racism. Posting on Reddit, she recounted several incidents—such as having her ID double-checked at events, being met with skepticism at nail salons, and receiving cold stares at upscale restaurants—that made her feel out of place in her own community.

But it was a recent visit to a spa that pushed her to speak out. “The most recent thing was what made me write this post,” she began. “I was at a spa, and this white lady asked where I was from. I said India. Then she said, ‘Did you learn English after coming here? Your English is exactly like mine.’ I told her I’ve spoken English all my life, and she just stared at me until her pedicure was done and left. I didn’t even know how to react. It wasn’t aggressive, but it was so ignorant.”

She described the encounter as emotionally draining, adding, “Stuff like this happens too often, and it’s exhausting.”

The woman also touched on other common microaggressions: “And then there’s the classic... ‘You’re not like the other Indians’ just because I’m fair-skinned. How is that even a compliment?”

Her post resonated widely and drew mixed responses. Some users sympathized, sharing similar experiences. Others suggested the behavior stemmed more from ignorance than racism.

One commenter wrote, “The average American knows nothing about India except for what’s on TV, which is often stereotypical. Hence the amazement at our English prowess.”

Another offered a practical response: “If you want to push them into a corner, just ask them very politely, ‘I don’t understand, could you please elaborate?’ Then let them dig their own hole.”

Others emphasized discernment, noting the difference between racism and lack of cultural exposure. “Most people are just ignorant because of where and how they were raised. Educating them, when possible, is the best way—they’ll often appreciate it.”

Mangaluru, July 8: In a deeply alarming incident that has once again drawn attention to the rising number of heart attacks among young people, an 18-year-old engineering diploma student collapsed and died of a suspected heart attack near Surathkal on the outskirts of the city on Monday, July 7.

The deceased, Aftab, son of Asgar Ali, was a resident of Krishnapura Hillside and a student pursuing a diploma in electrical engineering at a local institute. The incident occurred around 12 noon while Aftab was walking home to take a bath. He suddenly collapsed near his house and could not be revived. Initial reports indicate the cause as a heart attack.

Aftab was the only son in a family of four children. His mother had passed away during the Covid pandemic, and he had been living with his father since then. His three sisters are married. On the day of the incident, his father, Asgar Ali, an auto-rickshaw driver, had been home with him until 1 pm, shortly before leaving for work. The tragedy struck soon after.

The sudden death of an apparently healthy teenager has shocked the community and reignited growing concerns about the increasing incidence of heart attacks among youth in India. Once considered a condition of the middle-aged and elderly, cardiac arrest is now increasingly being reported in individuals in their teens and twenties, often without any prior symptoms.

Health experts have been raising red flags over the past few years, linking early heart complications in youth to factors such as sedentary lifestyle, dietary habits, chronic stress, undiagnosed conditions, and post-Covid aftereffects.

Aftab's untimely passing is a tragic reminder of how vital it is to monitor cardiac health regardless of age, and raises urgent questions about awareness, early screening, and preventive measures in young populations.