Fake News Nets USD1.2 Million Compensation for NRI Businessman

Vancouver: An Indo-Canadian businessman, who is originally from Bhuj, Gujarat, has been awarded $1.2 million in damages after he was defamed in a series of fake news articles instigated by a prominent American blockchain investor. It is one of the biggest compensations of its kind in Canada. Vancouver-based Altaf Nazerali had sued Patrick Byrne, CEO of online retailer Overstock.com, for a campaign of lies aimed to tarnish the reputation of the NRI businessman. Last week, the Supreme Court of Canada rejected Byrne’s appeal against $1.2 million granted to the NRI businessman by the Supreme Court of British Columbia in 2016. The huge compensation for Nazerali comes after a seven-year legal battle. (IANS)