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THE CONTACT WEEKLY NEWSPAPER ISSUE - 631, 8 SEP. - 14 SEP. 2015 PH: (905) 671 - 4761

Indian-origin duo’s app to revolutionize banking

Egypt billionaire offers to buy island for refugees After the picture of a Syrian refugee boy washed ashore on an island went viral, Egypt’s third richest man, Naguib Sawiris disclosed that he plans to purchase an island off Italy or Greece to help people fleeing from Syria and other conflicts Cairo Egyptian billionaire Naguib Sawiris has

offered to buy an island off Greece or Italy and develop it to help hundreds of thousands of people fleeing from Syria and other conflicts. “Greece or Italy sell me an island, I’ll call its

independence and host the refugee and provide jobs for them building their

new country,” he wrote on twitter. More than 2,300 people have died at sea trying to reach Europe since January, many of them Syrians who fled their country’s four-and-ahalf year conflict. Sawiris

said in a television interview that he would approach the governments

of Greece and Italy about his plan. Sawiris said an island off Greece or Italy could cost between $10 million and $100 million, but added the “main thing is investment in infrastructure”. There

Badal Met KPS Gill for Hours, Reveals Book by Rahul Chandan

CHANDIGARH Rahul Chandan’s book “KPS Gill: The Paramount Cop”, a biography, has made significant revelations about nexus

between the infamous former Punjab Police DGP KPS Gill and Shiromani Akali Dal (SAD) patron Parkash ‘Singh’ Badal, who is the

incumbent CM of Punjab. The facts mentioned in the biography talks about the role of Badal, who has been conferred title of ‘Fakhr-e-Qaum: Panth Rattan’ by the Jathedar of Akal Takht Sahib, in the extra-judicial killings of more 25,000 innocent Sikh youth in Punjab. The author writes, “During the years Mr. Gill was DGP Punjab, one politician was regular to meet him, sit with him and have meals with him; this was because his residence was next to the residence of Mr Gill’s father in Sector 9 Chandigarh. Continued on Page 2

would be “temporary shelters to house the people, then you start employing the people to build housing, schools, universities, hospitals. “And if things improve, whoever wants to go back (to their homeland) goes back,” said Sawiris. ‘It’s feasible’ On being asked whether he believed it could work, he said, “Of course it’s feasible. You have dozens of islands which are deserted and could accommodate hundreds of thousands of refugees.” Treated like cattle He conceded such a plan could face challenges, including the likely difficulty of persuading Greece or Italy to sell an island, and figuring out jurisdiction and customs regulations. But those who took shelter would be treated as “human beings,” he said. Continued on Page 2

WASHINGTON A mobile app launched by Indian-American banker Jay Sidhu and his daughter Luvleen could revolutionise the global banking industry, a media report said. Sidhu, who is the chairman and CEO of US-based Customers Bank, and his daughter, presented details of their app called BankMobile at an event of Greater Reading Chamber of Commerce and Industry in downtown Reading this week, wfmz.com reported. According to the duo, their app puts everything customers need from a bank at their fingertips. Tapping into

the technologies that enable experience like shopping online or using transportation apps like Uber, the app promises that users can open a free account, deposit checks, pay bills, send money to friends and receive financial advice in minutes. Sidhu, who holds bachelor’s in management degree from Banaras Hindu University and an MBA from Wilkes University, is credited with turning Boston-based Sovereign Bank into a multi-billion dollar company. He teamed up with her Harvard-educated daughter to come up with the app.

Five Indian-Canadian schoolkids bag Schulich Leader scholarships

Nimra Dar, Manpreet Deol, Aditya Mohan, Aishwarya Roshan and Simranjeet Singh

TORONTO Five Indian-Canadian high school students have received this year’s prestigious Schulich Leader Scholarships. Nimra Dar, Manpreet Deol, Aditya Mohan,

Aishwarya Roshan and Simranjeet Singh were among 50 high school graduates who were awarded the scholarship to enrol in science, technology, engineering or mathematics (Stem)

undergraduate programmes at participating universities in Canada and Israel, reports schulichleaders.com. The scholarship is awarded to Continued on Page 2


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