Sourabh Chandrakar urges media outlets to rectify the prevailing narrative and is offering complete cooperation to ensure justice is served
DELHI, India, Oct. 12, 2023 (GLOBE NEWSWIRE) — Mr. Sourabh Chandrakar, who has recently faced grave accusations related to the Mahadev Application, strongly asserts that he has no involvement whatsoever in the alleged financial fraud scheme. He deeply regrets being wrongly implicated and depicted as the orchestrator behind this operation.
He firmly states that these allegations lack any foundation and are an effort to smear the good standing of an upstanding citizen. He emphasizes that enjoying a comfortable lifestyle should not be misconstrued as evidence of his engagement in unlawful activities.
The individuals urge all media outlets to consider these facts, rectify the prevailing narrative, and direct resources toward the actual wrongdoers. He is committed to offering his complete cooperation to the authorities to ensure justice is served and the truth prevails untarnished. He urges a fair and unbiased investigation into the matter, emphasizing his commitment to cooperating fully to bring the actual perpetrators to justice.
About Sourabh Chandrakar
In India, Saurabh Chandrakar’s business “Juice Factory” has 25 branches all over Bhilai, Chhattisgarh.
He hails from a humble background and has been running various FMCG, construction, sub-contracting and development-related businesses in the Middle East along with various partners and brands.
His entrepreneurial stint in the Middle East is ‘Empire One Global Real Estate’ wherein he enjoys the position of Co-Managing Director. Both Mr. Uppal and Mr. Chandrakar have been creating value beyond real estate for their clients based out of the Middle East and globally.
NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Hawaiian Electric Industries, Inc. (NYSE: HE) between February 28, 2019 and August 16, 2023, both dates inclusive (the “Class Period”), of the important October 23, 2023 lead plaintiff deadline.
SO WHAT: If you purchased Hawaiian Electric securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Hawaiian Electric class action, go to https://rosenlegal.com/submit-form/?case_id=18336 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 23, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Hawaiian Electric’s wildfire prevention and safety protocols and procedures were inadequate to meet the challenges for which they were ostensibly designed; (2) accordingly, despite knowing the degree of risk that wildfires posed to Maui, the Company’s inadequate safety protocols and procedures placed Maui at a heightened risk of devastating wildfires; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Shift4 Payments, Inc. (NYSE: FOUR) between November 10, 2021 and April 18, 2023, both dates inclusive (the “Class Period”), of the important October 19, 2023 lead plaintiff deadline.
SO WHAT: If you purchased Shift4 securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Shift4 class action, go to https://rosenlegal.com/submit-form/?case_id=18626 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 19, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Shift4 had inadequate disclosure controls and procedures and internal control over financial reporting; (2) as a result, Shift4 failed to properly account for customer acquisition costs, thereby artificially inflating its net cash provided by operating activities; (3) accordingly, Shift4 would likely be forced to restate one or more of its previously issued financial statements; (4) Shift4 employed accounting maneuvers in connection with, among other things, its mass strategic buyout program and sponsor bank merchant settlement account, that were designed to present an inaccurate picture of, inter alia, the Company’s performance, its underlying business quality, and its earnings power; (5) all the foregoing, once revealed, was likely to negatively impact Shift4’s reputation and business; and (6) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today received a cable of thanks from His Majesty King Mohammed VI of the Kingdom of Morocco, in response to HRH’s cable of condolences following the earthquake in Morocco, which left casualties and others injured.
HM King Mohammed VI expressed his appreciation for His Royal Highnesses’ sincere condolences, wishing the Kingdom of Bahrain and its people further progress and prosperity.
Faihan Mohammed Al Faihani, Acting Undersecretary of the Ministry of Oil, and Ahmed Abdulrahman Al Saati, Bahrain’s Ambassador to Moscow, participated in the sixth session of the International Forum (Russian Energy Week), held in Moscow, Russia.
The theme of this year’s forum is (The New Reality of Global Energy: Building the Future).
The forum included multiple activities, including workshops, lectures, and dialogue sessions.
Senior officials from Russia, foreign and Arab countries, heads of international energy companies and organizations, and experts representing many Russian and international companies, participated in the forum.
They highlighted topics related to sustainable development, the development of the fuel and energy industry, and digital transformation in the oil sector.
The forum discussed the main challenges facing the energy sector such as development problems, and global energy development prospects programs.
The forum also discussed issues related to energy transition, climate protection, digital transformation of the energy industry, training of cadres, and the energy crisis in the world.
His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today received a cable of thanks from the President of the Republic of Armenia, HE Vahagn Khachaturyan, in response to HRH’s cable of congratulations on Armenia’s Independence Day.
Ali bin Saleh Al Saleh, Shura Council Chairman, congratulated Ahmad Safadi, on re-electing him as Speaker of the Lower House in Jordan during its third and final ordinary session.
The chairman said that the re-election of Safadi reflects his competence, and his continuous legislative contributions.
Al Saleh stressed keenness to strengthen parliamentary relations with Jordan to unify visions and positions in regional and international parliamentary forums.
Speaker Ahmed bin Salman Al Musallam sent a cable of congratulations to Ahmad Safadi, on re-electing him as Speaker of the Lower House in Jordan during its third and final ordinary session.
Al Musallam affirmed keenness to develop cooperation and to achieve successful coordination in regional and international parliamentary forums.
Vibrant Riyadh city will host the Global Esports Games 2023 (GEG2023), the Global Esports Federation’s flagship esports event, December 12 to 17, the Saudi Esports Federation (SEF) announced.
The Kingdom’s hosting of the third edition of the competition comes in line with the objectives and aspirations of the National Gaming and Esports Strategy, with the SEF seeking to make the Kingdom an esports hub.
GEG2023 aims to promote and unite the global gaming community through communication among esports enthusiasts around the world.
Under the hashtag #Worldconnected, this exceptional event is set to bring together 950 professional players from 100 countries and territories across the globe to compete and display their talents.
Hence, GEG2023 promises to be extraordinary by representing an opportunity to uncover esports talents from around the world.
The event features diverse world-renowned games, including Dota 2 (Valve), eFootball 2023 (KONAMI), PUBG Mobile, and Street Fighter 6, promising to see intense competition by elite of esports talents.
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and President Recep Tayyip Erdogan of Türkiye discussed the military escalation in the Gaza Strip and its surroundings.
In a telephone call from President Erdogan Wednesday, HRH the Crown Prince said the Kingdom is exerting unremitting efforts through regional and international communication to achieve coordination that pushes for a halt of the current escalation.
HRH the Crown Prince also reiterated the Kingdom’s position in rejecting the targeting of civilians in any form and the loss of innocent lives.
He underscored the necessity of adhering to the principles of international humanitarian law and the need to halt the attack on the Gaza Strip.
HRH the Crown Prince also emphasized the Kingdom’s consistent position in defending the Palestinian cause and supporting efforts aimed at achieving comprehensive and just peace that guarantees the legitimate rights of the Palestinian people.
