Day: May 31, 2023

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Berliner Tageszeitung: Criminal complaint in Berlin, Germany, against Elon Musk and Twitter for possible fraud to the detriment of users

Berliner Tageszeitung: Criminal complaint in Berlin, Germany, against Elon Musk and Twitter for possible fraud to the detriment of users

Berliner Tageszeitung: Criminal complaint in Berlin, Germany, against Elon Musk and Twitter for possible fraud to the detriment of users

BERLIN, May 31, 2023 (GLOBE NEWSWIRE) — BERLINER TAGESZEITUNG reports today that a criminal complaint has been filed with the Berlin public prosecutor’s office against Elon Musk, file number: 253 UJs 1012/23, alleging that Musk charged Twitter users on their credit cards but blocked them without giving any reason.

Source: https://www.BerlinerTageszeitung.de/wirtschaft/269895-criminal-complaint-in-berlin-germany-against-elon-musk-and-twitter-for-possible-fraud-to-the-detriment-of-twitter-users.html

“Blocking user accounts is a daily occurrence at Twitter, but the fact that they then continuously charge money to users’ credit cards makes the matter explosive and is currently occupying the Berlin Public Prosecutor’s Office (Federal Republic of Germany). In any case, the question arises as to how much power a medium like Twitter can be granted at all and when the regulatory authorities should intervene to protect Twitter users.”

Incidentally, this is not the first time Elon Musk has been investigated, as there is also currently an investor lawsuit against Tesla CEO Elon Musk. The lawsuit is about Musk’s tweets in August 2018 with the premature announcement that he wanted to take the electric car company off the stock market and had secured the financing to do so. It later emerged that there were no firm commitments from investors.

“Elon Musk lied,” said a lawyer for the plaintiffs.

US Judge Edward Chen (Judge of the United States District Court for the Northern District of California) had already found in the 2022 trial that Musk’s statements in the tweets had not been true.

“We will continue to monitor the case closely and report further developments as new information becomes available. It remains to be seen how the criminal charges against Elon Musk and Twitter will develop and what the consequences might be.

From a factual point of view, it should be noted that according to Article 48 of the Charter of Fundamental Rights of the European Union, the presumption of innocence applies to defendants and accused persons, which must also apply in the case of the criminal charges against Elon Musk for “suspected fraud to the detriment of Twitter users”.

META KEYS: Elon Musk, Elon Musk Twitter, Elon Musk Strafanzeige, Twitter accounts, Thierry Breton, Thierry Breton Twitter, Berlin public prosecutor’s office against Elon Musk, Twitter users, BERLINER TAGESZEITUNG, verified Twitter accounts

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3c50532-be3a-4bad-8e85-7253731d594c

Press Contact:

BERLINER TAGESZEITUNG
Press Contact: P. Hansen
Unter den Linden 21
10117 Berlin
Germany
Mail: Info@DeutscheTageszeitung.de
Web: http://www.DeutscheTageszeitung.de

GlobeNewswire Distribution ID 8849854

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Indus Dyeing and Manufacturing Company Limited to Discuss Increase in Authorized Share Capital in Upcoming Board Meeting

Karachi, The Board of Directors of Indus Dyeing and Manufacturing Company Limited is set to convene on May 31, 2023, in Karachi to deliberate on key matters other than financial results. The agenda for the meeting includes confirming the minutes of the previous Board of Directors Meeting, which took place on May 22, 2023, and proposing an increase in the company's authorized share capital.

To facilitate these discussions, the company has declared a "Closed Period" from May 31, 2023, to May 31, 2023.

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Fauji Fertilizer Bin Qasim Limited Reschedules Board Meeting, Declares Closed Period

Karachi, Fauji Fertilizer Bin Qasim Limited has announced the rescheduling of its highly anticipated Board of Directors meeting. The meeting, initially planned for May 31, 2023, at Islamabad, was set to discuss critical matters including an increase in the authorized share capital of the company and other significant declarations.

The Board of Directors has decided to reschedule the meeting to the same date, May 31, 2023. The venue remains unchanged, and the board is determined to address the proposed agenda promptly.

Fauji Fertilizer Bin Qasim Limited has simultaneously declared a "Closed Period" commencing from May 30, 2023, until May 31, 2023.

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Fauji Cement Company Limited Reschedules Board Meeting to Discuss Increase in Authorized Share Capital

Karachi, The Fauji Cement Company Limited has announced the rescheduling of its upcoming Board of Directors meeting, originally set for May 31, 2023, to discuss important matters, including the increase in the authorized share capital of the company. The meeting will now take place on May 30, 2023.

The Board of Directors will review and analyze the proposal to increase the authorized share capital of the company. In addition to the discussion on share capital, the board will also address various other matters that require their attention. This includes the potential declaration of any entitlement for the company's shareholders.

Fauji Cement Company Limited has declared a "Closed Period" from May 31, 2023, until May 30, 2023.

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Colony Textile Mills Limited Concludes Board Meeting with No Material Business Transacted

Karachi, The board meeting held on May 30, 2023, the Colony Textile Mills Limited concluded its session without any significant business transacted that would require immediate reporting.

The meeting, attended by the company's esteemed Board of Directors, was organized to discuss various strategic matters and evaluate the current operations and future plans of the textile manufacturing giant. However, after thorough deliberation, it was determined that no material issues or decisions needed to be reported at this time.

During the meeting, several routine matters were addressed, such as reviewing operational reports, assessing market trends, and analyzing the company's financial position.

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Shams Textile Mills Limited Announces Newly Elected Directors for Next Term May 30, 2023

Karachi, Shams Textile Mills Limited held an extraordinary General Meeting on May 30, 2023, to elect its new directors for the upcoming three-year term starting from May 31, 2023. The company is pleased to announce the names of the individuals who will be serving on the board of directors for the next term.

The following distinguished professionals have been elected as directors of Shams Textile Mills Limited:

1. Mr. Mian Muhammad Anwar

2. Mr. Khurram Mazhar Karim

3. Mr. Adil Bashir

4. Mr. Asif Bashir

5. Mrs. Minail Mishal Adamjee

6. Mr. Shahid Arshad

7. Mr. Muhammad Shafiq Gill

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UBL Fund Managers Limited Approves Interim Distribution for UBL Special Savings Plan-VII, AL-AMEEN Islamic Cash Plan-I, and UBL Special Savings Plan-V

Karachi, UBL Fund Managers Limited has announced the approval of interim distributions for three of its investment plans. The Chief Executive Officer, acting under the authority granted by the Board of Directors, has given the green light to the distributions, benefiting the unit holders of UBL Special Savings Plan-VII, AL-AMEEN Islamic Cash Plan-I under AL-AMEEN Islamic Cash Fund, and UBL Special Savings Plan-V.

For UBL Special Savings Plan-VII, an interim cash dividend has been declared for the period ended May 30, 2023. The distribution amounts to Re.0.0702 per unit, equivalent to 0.07% of the unit's value.

Similarly, unit holders of AL-AMEEN Islamic Cash Plan-I will also receive an interim cash dividend for the period ended May 30, 2023. The dividend has been set at Re.0.0538 per unit, accounting for 0.05% of the unit's value.

Furthermore, UBL Special Savings Plan-V unit holders can expect an interim cash dividend as well. For the period ended May 30, 2023, the dividend per unit has been determined as Re.0.0512, representing 0.05% of the unit's value.

These entitlements will be credited to the unit holders whose names appeared in the register of unit holders at the close of business on May 30, 2023.

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Faysal Asset Management Limited Approves Interim Distribution for Faysal Islamic Sovereign Fund

Karachi, Faysal Asset Management Limited (FAML) has announced the approval of an interim distribution for the year ending 30 June 2023 on behalf of the Faysal Islamic Sovereign Fund-Faysal Islamic Sovereign Plan-I. The Chief Executive Officer of FAML, authorized by the Board of Directors, has given the green light for this payout.

The interim distribution for the Faysal Islamic Sovereign Fund-Faysal Islamic Sovereign Plan-I amounts to Rs 5.67 per unit, which represents 5.67% of the net asset value (NAV) at the beginning of the year.

To be eligible for the interim distribution, unit holders must be registered as such at the close of business on 30 May 2023.

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Faysal Asset Management Limited Announces Interim Distribution for Faysal Islamic Cash Fund

Karachi, Faysal Asset Management Limited (FAML) has announced the interim distribution for the year ending 30 June 2023 on behalf of the Faysal Islamic Cash Fund. The Chief Executive Officer of FAML, authorized by the Board of Directors, has approved the payout, providing investors with a significant return on their investment.

The interim distribution for the Faysal Islamic Cash Fund has been set at Rs 0.0522 per unit, which represents 0.0522% of the Net Asset Value (NAV) at the beginning of the year. This distribution is a testament to the fund's successful performance and commitment to delivering value to its unit holders.

To be eligible for the interim distribution, investors must be registered as unit holders at the close of business on 30 May 2023.

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Baba Farid Sugar Mills Limited Releases Quarterly Report for 1st Quarterly 2023

Karachi, Baba Farid Sugar Mills Limited, a leading sugar manufacturing company, has released its quarterly report for the period ended March 31, 2023. The report has been successfully transmitted and is now available for public access on the company's official website.

The quarterly report provides a comprehensive overview of Baba Farid Sugar Mills Limited's financial performance and operational highlights for the first quarter of 2023. Investors, stakeholders.