Claiming that the sub-prime crisis in the mortgage market has not affected the bank, Standard Chartered Bank chairman Mervyn Davies said the crisis was not yet over and it would take few months to tide over. "Sub-prime crisis has been a real shock, though Asian markets like China and India have remained unaffected. It is not yet over and it may take few more months before the crisis is over," said Davies, who is in India to attend the bank's board meeting.
Manslaughter trial of Indian-origin surgeon Jayant Patel opened on Friday with prosecutors saying that he was criminally liable for negligence that led to the death of a 75-year-old patient. Patel is facing a trial on charges of the manslaughter of Mervyn Morris, who died on June 14, 2003, at the Bundaberg Base Hospital.
An Indian-origin doctor, accused of manslaughter of several patients in Australia, is likely to walk free after prosecutors on Friday dropped all criminal medical negligence charges against him, ending his long-running legal woes.
