kwame kilpatrick latest news
May 25, 2010 by Trend PK
Filed under World News
ormer Detroit Mayor Kwame Kilpatrick was fired from Compuware Corporation today after he was sentenced to prison for violating his probation. He was sentenced to 18 months to 5 years in prison for allegedly lying while on probation about hiding money that was supposed to go toward paying his $1 million restitution to the City of Detroit, according to Freep.com.
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“Kwame Kilpatrick will be off the Compuware Corporation payroll at the end of the month,” said a statement from the company. “We don’t have any choices. It’s an unfortunate situation, and we feel bad for his family, but our hands are tied.”
Kilpatrick apologized for his offenses in court today, but the judge seemed unfazed. He said he was sorry for his lies and text message scandal, and said he has changed. However, the judge said probation was no longer an option, and gave him the prison sentence.
Dubai Gets $10B From Abu Dhabi to Cover Debt
DUBAI: Dubai’s government says it has received $10 billion in emergency funds from oil-rich neighbor Abu Dhabi that will go toward paying debts owed by its struggling Dubai World conglomerate.
Some $4.1 billion of the money will be used to pay off a pile of debt from Dubai World’s Nakheel property division that comes due Monday.
Dubai’s ability to repay those funds had been seen as a key test of the debt-laden emirate’s creditworthiness.
The UAE central bank, based in the federation’s capital Abu Dhabi, also says it is prepared to provide support to local banks.
Dubai Gets $10B From Abu Dhabi to Cover Debt was first posted on December 14, 2009 at 4:20 pm.
