e majority of those cases. Share founder and managing director Udaia Kumar denied responsibility for borrower suicides, http://www.i-meedias.com/board/index.php?topic=12066.msg12606#msg12606 - http://www.i-meedias.com/board/index.php?topic=12066.msg12606#msg12606 , saying his company has always "upheld the best practices and client protection principles." "We deny any link between our staff behavior and any deaths in the state of (Andhra Pradesh)," he said by email. Spandana spokesman Nitin Agrawal said in an email that some Spandana employees have been acquitted and that the company is cooperating with local authorities in all ongoing investigations. SKS officials say they stand by their September 2011 affidavit to the Supreme Court of India, in which chief executive M, http://www.cheaptomsoutlet0.com - cheapest toms shoes .R. Rao swore that SKS "is neither the cause of nor responsible for any suicides in the state of Andhra Pradesh." The company denies that its board of directors authorized any investigations that implicated its employees in some of the suicides. SKS said its employees have been acquitted by courts in two cases and only one case remains ongoing. SKS said that in another 12 cases police determined they were not involved or absolved employees of responsibility during their investigations. Those 12 cases are on the government's list of 76. Shares in SKS Microfinance have fallen 10 percent since Friday, despite the company's Monday announcement that it had arranged to sell 3, http://www.cheaptomsoutlet0.com - toms shoes coupon .54 billion rupee ($72, http://chinaxdtv.com/forum.php?mod=viewthread&tid=20184 - http://chinaxdtv.com/forum.php?mod=viewthread&tid=20184 .0 million) worth of borrower loans to an unnamed government-run bank. SKS said it was the largest such securitization deal in "Indian microfinance history, http://www.cheaptomsshoesoutletstore.us - toms shoes online ." Agrawal of Spandana said the stories behind the suicides were riddled with political and emotional complexity. He said local moneylenders, who lost business as microfinance companies grew, encouraged officials to unfairly blame the companies for borrower suicides, when in fact family stress and hounding by the moneylenders were to blame, http://www.ywfzpf.cn/pf/home/space.php?uid=33533&do=blog&id=526967 - http://www.ywfzpf.cn/pf/home/space.php?uid=33533&do=blog&id=526967 . He said Venkateswarlu's research was tainted because of media sensationalism and vested local interests. "The same cases had been interviewed so many times by so many journalists that sensationalizing the stories was the order for the day," he said in an email. Venkateswarlu said that in speaking with people in the field he found that some cases had been resolved out of court, with companies paying the families of the dead to settle the matter. Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ. An insider's guide to politics and policy, available on the iPad or as a PDF download.
By SHARON COHEN, Associated Press KOKOMO, Ind. (AP) Back in this town's darkest days, Jeff Shrock, a third-generation autoworker, would cruise down the streets where he grew up, past the foreclosed homes and four giant Chrysler factories, knowing their future and his job were in jeopardy. He sometimes imagined the worst. "I wondered what would happen five, six years down the road when the weeds were growing in parking lots and the plants had their windows broken out," he says. "What would the community look like then?" These were not far-fetched fe
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