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Broncos' Case Keenum 'shocked' and 'disappointed' by Joe Flacco trade

Broncos' Case Keenum 'shocked' and 'disappointed' by Joe Flacco trade

Sports
Feb. 21 (UPI) -- Veteran quarterback Case Keenum says he was "shocked" and "disappointed" after learning the Denver Broncos traded for Baltimiore Ravens quarterback Joe Flacco. Keenum signed a two-year, $ 36 million deal in free agency with the Broncos in March after a a breakout year for the Minnesota Vikings in 2017. He completed 62.3 percent of his throws for 3,890 yards, 18 touchdowns and 15 interceptions in 16 starts in 2018 for Denver. The Broncos went 6-10 in his first season with the franchise. The Broncos agreed to trade for Flacco on Feb. 13. Keenum told the Sports Spectrum Podcast that he spoke with Broncos general manager John Elway immediately after the deal. "Elway called me that morning and we had a great conversation, which he didn't have to do, and I appreciated that," K...
IL&FS probe: ED registers money laundering case, raids underway in Mumbai, Gurgaon

IL&FS probe: ED registers money laundering case, raids underway in Mumbai, Gurgaon

Finance
MUMBAI: The Enforcement Directorate (ED) has registered a money laundering case in the matter concerning alleged financial irregularities in Infrastructure Leasing and Financial Services (IL&FS) Ltd. Raids are underway in Mumbai and Gurugram, atleast two sources in the know told ET. The ED’s case follows the predicate offence registered with Delhi Police. The Delhi Economic Offence Wing (EOW) is also probing the cash-strapped IL&FS. A case under various sections of the Indian Penal Code (IPC) for criminal conspiracy and forgery was registered by the EOW. The EOW’s case was based on a complaint by Ashish Begwani, director of New Delhi-based Enso Infrastructures. It was alleged that in or about August 2010, Begwani was approached by officials like Ravi Parthasarthy, Hari S...
Why IL&FS default makes a compelling case for revival of FRDI

Why IL&FS default makes a compelling case for revival of FRDI

Finance
Companies without sufficient cash flow defaulting is normal, but what about a company with four times its quarterly payments turning away lenders? It’s strange but true, thanks to Infrastructure Leasing & Financial Services (IL&FS) administration which has sent investors into a tizzy. The default by a financially sound road operator has raised doubts about the sanctity of a legal structure that lenders rely on to fund, throwing up yet another complication in funding infrastructure, where lenders have already turned their backs on after many misadventures. When the IL&FS-promoted Jharkhand Road Projects Implementation Co failed to pay investors their dues this month, it not only dented investor sentiment but also exposed the huge gap in the country’s fledgling bankruptcy law. Jhar