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first_imgJapeth Aguilar embraces role, gets rewarded with Finals MVP plum Allen Durham still determined to help Meralco win 1st PBA title Nadine Lustre’s phone stolen in Brazil Will you be the first P16 Billion Powerball jackpot winner from the Philippines? FILE – In this Feb. 7, 2014 file photo Alexander Zubkov of Russia carries the national flag as he leads the team during the opening ceremony of the 2014 Winter Olympics in Sochi, Russia. The Moscow City Court ruled on Wednesday Nov. 21, 2018, that Alexander Zubkov, who carried the Russian flag at the opening ceremony of the 2014 Winter Olympics in Sochi, should still be considered an Olympic champion, but the International Olympic Committee refuses to recognize the verdict. (AP Photo/Mark Humphrey, file)MOSCOW — With a pair of gold medals at stake, a Russian court has issued a ruling that directly challenges the authority of the International Olympic Committee and the Court of Arbitration for Sport.The Moscow City Court ruled Wednesday that bobsledder Alexander Zubkov, who carried the Russian flag at the opening ceremony of the 2014 Sochi Games, should still be considered an Olympic champion despite having been stripped of his medals because of doping. A CAS ruling upholding his disqualification is not enforceable in Russia, the court said.ADVERTISEMENT Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college LATEST STORIES Best performance Don’t miss out on the latest news and information. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Tim Cone, Ginebra set their sights on elusive All-Filipino crown Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew MOST READ Zubkov and his teams remain disqualified in official Olympic results, but the Moscow ruling could make it harder for the IOC to get his medals back.“The decision issued by the Moscow court does not affect in any way the CAS award rendered … an award which has never been challenged before the proper authority,” CAS secretary general Matthieu Reeb told the AP.“The fact that the CAS award is considered as ‘not applicable in Russia’ by the Moscow court may have local consequences but does not constitute a threat for the CAS jurisdiction globally.”The IOC’s case against Zubkov was based on testimony from Moscow and Sochi anti-doping laboratory director Grigory Rodchenkov, who said he swapped clean samples for ones from doped athletes, and forensic evidence that the allegedly fake sample stored in Zubkov’s name contained more salt than could be possible in urine from a healthy human.Zubkov, who says he never doped, retired after the Sochi Olympics and has since become president of the Russian Bobsled Federation. The International Bobsled and Skeleton Federation didn’t respond to a request to comment.ADVERTISEMENT CAS, however, is the only valid arbiter for sports disputes at the games, according to the Olympic Charter. In rare instances, Switzerland’s supreme court can weigh in on matters of procedure.“The CAS decision in this case is enforceable since there was no appeal filed with the Swiss Federal Tribunal within the period stipulated,” the IOC told The Associated Press in an email on Thursday. “The IOC will soon request the medals to be returned.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissThe law firm representing Zubkov said the Moscow court found the CAS ruling violated Zubkov’s “constitutional rights” by placing too much of a burden on him to disprove the allegations against him.Zubkov won the two-man and four-man bobsled events at the Sochi Olympics but he was disqualified by the IOC last year. The verdict was later upheld by CAS. In the two-man event, Beat Hefti and Alex Baumann of Switzerland are due to inherit the gold medal from Zubkov’s team, while a Latvian squad is in line for the four-man gold medals.Sports Related Videospowered by AdSparcRead Next Gov’t to employ 6,000 displaced by Taal Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew View commentslast_img read more


first_imgSBI, which heads the consortium of 17 lenders toSBI, which heads the consortium of 17 lenders to Kingfisher, has moved the Tribunal in Bengaluru against the airlines chairman Mallya in a bid to recover over Rs 7,000-crore dud loans from him.Besides SBI, Punjab National Bank and United Bank have also declared Mallya, his group holding company UBHL and Kingfisher Airlines wilful defaulters.As part of Diageo deal, Mallya has also relinquished his position to control IPL franchise Royal Challengers Bangalore. However, he has been appointed Chief Mentor of the team and his son Siddharth has become a director.While he has already asserted that remains in charge of his other sporting interest, the Force India Formula 1 team, Mallya said he will remain actively involved in the running of RCB.”My son is a director and I have been appointed Chief Mentor. What does that mean? If I am going away why should I be Chief Mentor? I will be part of the planning and I will be around during the tournament. In my statement, I have said that I want to win the IPL trophy. If I am not associated at all, why would I make that statement,” Mallya said.The lenders are now eyeing the Rs 515-crore bounty sealed by Mallya as part of a sweetheart deal with Diageo to exit United Spirits.Diageo has in return agreed to absolve Mallya of all his “personal liabilities with regard to alleged financial irregularities relating to dealings with UB Group entities.advertisementDiageo is the majority shareholder of USL with a 54.78 per cent holding, excluding the 2.38 per cent owned by the USL Benefit Trust.Mallya personally held a small stake of 0.01 per cent in USL at the end of December 2015, while his group firms owned further 3.99 per cent stake. However, more than half of these shares are pledged with banks.In case of Kingfisher, the trading in its shares have been suspended for long due to its non-compliance to various listing requirements including its failure to make timely disclosure of shareholding data and other details.As per the latest shareholding data disclosure till September 2014, it had over 2.33 lakh small retail investors, over 6,200 HNIs, 13 banks and other domestic financial institutions, as also five promoter entities.Ironically, the number of public shareholders across all categories is higher than the levels before the airline was grounded in October 2012. The total number of public shareholders has gone up during this period from 2.1 lakh to over 2.4 lakh.The company now commands a market cap of just about Rs 110 crore, as against that of close to Rs 10,000 crore before it landed in financial mess leading to its grounding. PTI BS BJ ABKlast_img read more