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By Steve Stecklow, Andrew MacAskill and Aditya Kalra LUCKNOW, India (Reuters) - The former president of the Medical Council of India, which regulates the country’s medical colleges, stood before a judge last week in a dingy courthouse in this northern city. For several years, Dr. Ketan Desai has been facing allegations that he conspired in 2009 to have the Medical Council recommend that a private medical college be allowed to add more students. Prosecutors there allege he was involved in a conspiracy in 2010 to obtain a 20 million rupee bribe – about $450,000 at the time – in return for having the Medical Council recommend allowing another school to expand its student body.
Procter & Gamble offered a tepid sales outlook Thursday after reporting a huge drop in quarterly earnings due to lower revenues and a big charge in its Venezuelan operations. Net income for the quarter ending June 30, P&G's fourth fiscal quarter of 2015, was $521 million, down 79.8 percent from the year-ago period. Revenues fell 9.2 percent to $17.79 billion, marking the sixth straight quarter of declining sales.