Balwani faced 10 counts of wire fraud and two counts of conspiracy to commit wire fraud. After a three-month trial, a jury has found him guilty of all 12 counts. He now faces up to 20 years in prison for each count, The Verge reported late on Thursday.
But the public liking for him was dented when this year he introduced taxes to reduce the government's heavy borrowings. This was followed by controversy over his wife avoiding paying taxes in Britain and instead doing so at a lower rate in India from her dividends from shares in Infosys, the Bangalore-based software giant founded by her father N.R. Narayana Murthy.
Addressing the media outside 10, Downing Street, the 58-year-old embattled British leader, who has faced controversies galore in his 1,079 days in power, said: "It is clearly now the will of the parliamentary Conservative Party that there should be a new leader of the party and therefore a new Prime Minister."
According to state broadcaster NHK, the incident took place at around 11. 30 a.m. (local time) near the Yamatosaidaiji Station in Nara city while the 67-year-old former leader was making a speech for a Liberal Democratic Party candidate's election campaign.
Six people were killed and more than two dozen injured when shots rang out in the middle of a Fourth of July parade in Highland Park, Ill. Video clips posted to social media showed the festivities collapsing into panic as revellers realized they were under fire and scrambled for cover.
Five people have been shot dead, as per city officials, in the parade in Highland Park, north of Chicago, which was suddenly halted about 10 minutes after it began as gunshots were heard.
