Whistleblower Christopher Wylie believes Congress was CA client

Agencies
March 28, 2018

London, Mar 28: A former employee of Cambridge Analytica turned whistleblower said today that the company had worked extensively in India and believed it was employed by the Congress party during his evidence before a UK parliamentary committee investigating the issue of fake news.

Christopher Wylie deposed before the House of Commons Digital, Culture, Media and Sports Committee (DCMS) here amid an escalating row around alleged Facebook data breaches linked with the controversial UK-based company, which has also been linked with alleged attempts to influence elections in India.

"When you look at Facebook's biggest market, India is the top in terms of numbers of users. Obviously, that's a country which is rife with political discord and opportunities for destabilisation," said Labour MP Paul Farrelly, member of the parliamentary committee, during his questioning.

"They (Cambridge Analytica) worked extensively in India. They have an office in India," Wylie responded.

"I believe their client was Congress, but I know that they have done all kinds of projects. I don't remember a national project but I know regionally. India's so big that one state can be as big as Britain. But they do have offices there, they do have staff there," the 28-year-old added, on being probed further.

He offered to provide the committee "documentation" on India, which was welcomed by Farrelly, who said India was a country that did not need any added "tensions".

During his evidence, Wylie also said that his predecessor, Dan Muresan, Head of Elections at SCL Group, had also been working in India before he died in Kenya under mysterious circumstances. He claimed to have heard stories that Muresan, a Romanian national, may have been poisoned in a hotel room while in the African country.

Paul-Olivier Dehaye, co-founder of PersonalData.IO, a service that helps individuals regain control over their personal data, also giving evidence to the committee, added that he had heard reports that Muresan was being paid by an Indian billionaire who wanted Congress to lose elections.

"So he was pretending to work for one party but actually paid underhand by someone else," said Dehaye. He added that it would be for Indian and Kenyan journalists to get together to investigate the matter further.

At the start of today's session, it emerged that Facebook founder Mark Zuckerberg has declined to appear before the committee amid an ongoing row over data breaches linked to the social media company.

A summons letter had been sent to Zuckerberg by Damian Collins, the chair of DCMS. In a response to Collins, Facebook's head of public policy, Rebecca Stimson, said the company would be putting forward its chief technology officer, Mike Schroepfer, or its chief product officer, Chris Cox.

"Facebook fully recognises the level of public and Parliamentary interest in these issues and support your belief that these issues must be addressed at the most senior levels of the company by those in an authoritative position to answer your questions," Stimson said.

"As such Mr Zuckerberg has personally asked one of his deputies to make themselves available to give evidence in person to the Committee," she said, adding that both men likely to step in the report directly to Zuckerberg and are among the longest-serving senior representatives in Facebook's 15-year history.

The DCMS, which is currently hearing oral evidence as part of its inquiry, is likely to hear from one of the Facebook executives after the Parliament's Easter recess, which ends on April 16.

"We will seek to clarify from Facebook whether he (Zuckerberg) is available to give evidence or not because that wasn't clear from our correspondence. If he is available to give evidence then we would be happy to do that either in person or by video link if that would be more convenient for him," Collins said in a statement.

Wylie has accused his former employer, Cambridge Analytica, of gathering the details of 50 million users on Facebook through a personality quiz in 2014. He alleges that because 270,000 people took the quiz, the data of some 50 million users, mainly in the US, was harvested without their explicit consent via their friend networks.

Wylie claims the data was sold to Cambridge Analytica, which then used it to psychologically profile people and deliver material in favour of Donald Trump during the 2016 US presidential elections. He also criticised Cambridge Analytica for running campaigns in "struggling democracies", which he called "an example of what modern-day colonialism looks like".

"You have a wealthy company from a developed nation going into an economy or democracy that's still struggling to get its feet on the ground and taking advantage of that to profit from that," he told MPs.

Cambridge Analytica denies any of the data acquired was used as part of the services it provided to the Trump campaign.

As the controversy continues to escalate, Zuckerberg took out full-page advertisements in several UK and US Sunday newspapers to apologise. "This was a breach of trust, and I am sorry," the back-page ads said.

In an undercover report last week, Cambridge Analytica executives had been caught boasting that they, along with parent company Strategic Communications Laboratories, had worked in more than 200 elections around the world, including India, Nigeria, Kenya, the Czech Republic and Argentina.

The recordings were made during a series of meetings at London hotels between November 2017 and January 2018.

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News Network
July 12,2020

New Delhi, Jul 12: With the highest single-day spike of 28,637 new cases and 551 deaths being reported in the last 24 hours, India's COVID-19 count reached 8,49,553 on Sunday.

According to the Union Health and Family Welfare Ministry, this includes 2,92,258 active cases, and 5,34,621 cured and discharged or migrated patients. The toll due to the disease has reached 22,674 in the country.

Maharashtra with 2,46,600 cases continues to be the worst affected state by COVID-19 in the country. The state has 99,499 active cases while 1,36,985 patients have been cured and discharged so far. The death toll due to the disease now stands at 10,116.

Tamil Nadu with 1,34,226 cases, including 46,413 active ones, is the next worst affected in the country. While the number of cured and discharged patients is at 85,915 in the state, the toll due to the disease is at 1,898.

The national capital has recorded 1,10,921 confirmed cases so far. However, the number of active cases in Delhi is at 19,895 and 87,692 patients have been cured and discharged so far. With 3,334 deaths being reported due to COVID-19 in the city. 

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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