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Stock impact report

Officials change course amid outrage over bail terms for Indian teen accused in fatal drunk driving accident [CBS News]

PORSCHE AUTOMBL UNSP/ADR (POAHY) 
NASDAQ:AMEX Investor Relations: porsche-se.com/en/investor-relations
Company Research Source: CBS News
driving a Porsche at high speed while drunk and without a license. The 17-year-old son of a wealthy businessman had been ordered to write a 300-word essay and work with the local traffic police for 15 days to be granted bail — a decision that was made within 15 hours of his arrest. He is accused of killing two young people while speeding in his luxury car on Sunday in the western Indian city of Pune. The lenient bail conditions initially imposed by the local Juvenile Justice Board shocked many people, including officials, across India. The local police approached the board with an appeal to cancel his bail and seeking permission to treat the boy, who is just four months shy of his 18th birthday, as an adult, arguing that his alleged crime was heinous in nature. In 2015, India changed its laws to allow minors between 16 and 18 years of age to be tried as adults if they're accused of crimes deemed heinous. The change was prompted by the notorious 2012 Delhi rape case , in which on Show less Read more
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