Madoff’s friend gives back $7bn

first_img Show Comments ▼ More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp whatsapp THE MAN assigned to recover money for Madoff’s victims won his biggest settlement yet — an agreement by the estate of longtime Madoff friend Jeffry Picower to return $7.2bn (£4.6bn) from the epic fraud.The settlement significantly boosts the recovery pot to close to $10bn, capping a weeks-long flurry of settlements and lawsuits around the second anniversary of Bernard Madoff’s arrest and confession to orchestrating what is considered the biggest financial fraud in history.Picower died of a heart attack in Florida in October 2009. KCS-content Sunday 19 December 2010 10:26 pmcenter_img Share Madoff’s friend gives back $7bn by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Tags: NULLlast_img read more

Afromedia Plc (AFROME.ng) Q12014 Interim Report

first_imgAfromedia Plc (AFROME.ng) listed on the Nigerian Stock Exchange under the Printing & Publishing sector has released it’s 2014 interim results for the first quarter.For more information about Afromedia Plc (AFROME.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Afromedia Plc (AFROME.ng) company page on AfricanFinancials.Document: Afromedia Plc (AFROME.ng)  2014 interim results for the first quarter.Company ProfileAfromedia Plc is a leading media solutions provider in Nigeria which primarily produces out-of-home media platforms for airport and roadside advertising. The company started in 1959 as a small service arm of West Africa Publicity (WAP) which was incorporated in 1928 as part of the parent company, United Africa Company Plc (UACL). At the time, two companies were set up; Afromedia Nigeria Plc, to handle outdoor advertising services; and Lintas Plc to handle agency work. Both companies were run as independent members of the UACL Group. Afromedia Nigeria Plc was acquired by its Nigerian management team and became Afromedia Plc in 1972. Airport structures produced by Afromedia include backlit boxes, electroluminescent structures, ultra-waves, drop-down banners and wall drapes. Roadside structures produced by Afromedia include lamp post banners, LED lamp post banners, IAT uni-poles (illuminate advertising tower) and Super 48 sheet structure light boxes. Afromedia Plc’s head office is in Ikeja, Nigeria. Afromedia Plc is listed on the Nigerian Stock Exchangelast_img read more

Trust Bank Limited (The Gambia) (TBL.gh) Q12018 Interim Report

first_imgTrust Bank Limited (The Gambia) (TBL.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2018 interim results for the first quarter.For more information about Trust Bank Limited (The Gambia) (TBL.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Trust Bank Limited (The Gambia) (TBL.gh) company page on AfricanFinancials.Document: Trust Bank Limited (The Gambia) (TBL.gh)  2018 interim results for the first quarter.Company ProfileTrust Bank (Gambia) Limited is a private commercial bank in the Gambia offering banking products and services to the retail and business sectors. The company is also known as Trust Bank Limited (TBL) or Trust Bank (Gambia). It was founded in 1997 by private investors and, at its inception, acquired the assets and liabilities of the defunct Meridian Biao (Gambia) Bank. Today, Trust Bank (Gambia) is one of the largest commercial banks in the Gambia in both asset size and by branch network; it has over 1 000 shareholders with the largest shareholder being the Social Security and Housing Finance Corporation (SSHFC) of the Gambia and DataBank of Ghana. Trust Bank Limited (The Gambia) is listed on the Ghana Stock Exchangelast_img read more

3 FTSE 100 stocks I’d buy in my ISA

first_img Royston Wild owns shares of Coca-Cola HBC. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Royston Wild | Wednesday, 19th May, 2021 | More on: CCH CRH WPP Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Here are three FTSE 100 shares I’m thinking of buying for my Stocks and Shares ISA today.Digital loveI think that WPP’s (LSE: WPP) steps in the post-Martin Sorrell era to embrace digital media should pay off handsomely. Not only is this section of the advertising market booming, I believe this FTSE 100 share has the scale and the expertise to make the most of this vast opportunity. Magna Intelligence reckons ad spending on digital formats in the US will soar 13% in 2021 to $161bn. This means that digital will account for two-thirds of all advertising expenditure for the first time. I like WPP’s drive to improve its clout in this area through shrewd acquisitions like that of DTI in February. But remember that a thirst for M&A action is a risky business and can cause profits to miss targets if acquisitions don’t perform as expected.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A top FTSE 100 cyclical stockI’m also thinking of adding building products supplier CRH (LSE: CRH) to my Stocks and Shares ISA today. Prices of this FTSE 100 firm just hit fresh all-time highs. And it’s not a secret as to why. It can expect demand for its products to boom as the US infrastructure stimulus programme cranks into gear. Conditions in some of its other markets (like housing) remain strong too and should improve as the public health emergency steadily recedes.Indeed, a shortage of building products in some of its key markets has allowed the company to continue to make pricing progress in recent months. Like-for-like sales moved 3% higher between January and March. CRH is an ultra-cyclical stock and demand for its wares could suddenly dive if the coronavirus crisis flares up again. Still, I think it is of the best value stocks to buy right now. The FTSE 100 firm changes hands on a forward price-to-earnings (PEG) ratio of 0.2. A reading below 1 suggests that a share could be undervalued.Another great ISA buy?I already own Coca-Cola HBC (LSE: CCH) shares in my investment portfolio. And I’m tempted to buy some more following last week’s upbeat trading statement. The beverages bottler said that like-for-like sales had improved 6.1% between January and March. Even as Covid-19 lockdowns continued to pressure its out-of-home channel, the unrivalled popularity of the Coca-Cola brand and other labels like Fanta and Schweppes, and the efforts it has made to boost ‘at home’ sales continued to pay off handsomely. I’m also encouraged by the FTSE 100 firm’s success in growth areas like energy drinks (volumes of these beverage rose by double-digits in the first quarter). I think Coca-Cola HBC is a great way to make delicious shareholder returns without drama. But I’m aware that the business operates in an ultra-competitive industry, which could have a significant impact on revenues and profit margins. Enter Your Email Address Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Click here to get access to our presentation, and learn how to get the name of this ‘double agent’!center_img Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. 3 FTSE 100 stocks I’d buy in my ISA Our 6 ‘Best Buys Now’ Shares See all posts by Royston Wildlast_img read more

The Sketchblock / ANA architecten

first_imgThe Sketchblock / ANA architectenSave this projectSaveThe Sketchblock / ANA architecten Projects Photographs:  Luuk KramerLead Architect:Marcel van der Lubbe, Jannie Vinke, Bas Hoevenaars, Joeri van Wijk, Jilles van Eibergen Santhagens, Jarno van IwaardenCity:AmsterdamCountry:The NetherlandsMore SpecsLess SpecsSave this picture!© Luuk KramerRecommended ProductsSystems / Prefabricated PanelsInvestwoodCement-Bonded Particle Board – Viroc NatureFiber Cements / CementsApavisaTiles – Nanofusion 7.0WindowsKalwall®Facades – Window ReplacementsEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornText description provided by the architects. ANA Architecten designed a flexible three dimensional housing structure with a maximum freedom of the individual layout. The buyers of the apartments in The SketchBlock were able to fill in the dwellings freely in size, position, layout and finishing. The Sketchblock has been chosen as Best Building of the Year 2019 in the category ‘private living experience’. The building is part of an ensemble of three new residential all-sided buildings in a park-like car-free setting. Access to the three buildings is from a central green space. The residents of the three buildings determined the layout of the park in a special collaboration with the municipality. The residents of the three buildings are collectively responsible for the maintenance of the park.Save this picture!© Luuk KramerThe Sketchblock has been designed as a flexible framework which facilitates apartments for a wide variety of target groups: young and old, singles, couples and families. The smallest apartment in the building is 46 m2, the largest 150 m2. The floorplans can also be adapted for future use. If the personal needs of the residents changes over time, The SketchBlock can easily be arranged differently. The principles of the Sketchblock are reflected in the facades. The façade consists of a system of concrete bands in a main grid and a sub-grid. The main grid corresponds to the bearing structure. The sub grid is used to accommodate different apartment layouts. Residents could make their own choices from a catalogue of different colors and choose the place and size for the balcony.Save this picture!© Luuk KramerSave this picture!Plan – Ground floorSave this picture!© Luuk KramerConcept / Context and strategy The SketchBlock was designed together with and for the future residents. In many cases, Cohousing is a difficult procedure with lengthy processes and aesthetic mediocrity. Here the best components of Cohousing have been applied and all negative effects are circumvented through smart design and efficient process management. After an investigation of the buildings preconditions and an inventory of the residents wishes, ANA designed a flexible construction that formed the basis for a modular layout. The residents chose the position and size of their apartment. Rules have been drawn up to ensure consistency.Save this picture!© Luuk KramerThis has ensured that the architecture of The SketchBlock is (partly) determined by the individual choices of the residents, but without making aesthetic compromises. In the design we focused on efficient flexibility at different levels. The façade was developed as a flexible structure that forms the basis for a modular layout. This flexibility facilitates apartments in different layout and sizes. The typologies in the building are maisonettes on the ground floor with apartments above that are oriented one-sided, two-sided or even three-sided. Construction / Materials and structure The concept for The Sketchblock is based on the principles of ‘Open Building’, a concept developed in the 60s by Professor N. John Habraken. ‘Open Building’ implies a separation of the different layers of the building: construction, installations, façade, layout and finishing.Save this picture!© Luuk KramerSave this picture!SketchSave this picture!© Luuk KramerThe bearing construction consists of a concrete load-bearing core and columns in the façade. The concrete floors span between the core and façade. Separating walls between the apartments are not load-bearing and can be placed in many different positions. The installation-shafts are concentrated in a zone around the core. In the project it was decided to keep the installation facilities as simple as possible to guarantee maximum flexibility.Save this picture!© Luuk KramerThe façade grid is formed by slanted concrete composite elements. The chamfer aims to give the façade more depth and to make it less heavy. The infill of the closed parts in the concrete grid is materialized in anodized expanded aluminum panels. Three different shades are used in the overall façade, giving each apartment its own accent. The play of chamfered concrete façade-elements and expanded aluminum give the building a whiff and makes it tactile.Project gallerySee allShow lessUC Berkeley College of Environmental Design // Summer Programs Info SessionEventCANactions School TalkLecture SeriesProject locationAddress:Amsterdam, The NetherlandsLocation to be used only as a reference. It could indicate city/country but not exact address. Share The Netherlands The Sketchblock / ANA architecten ArchDaily Year:  Save this picture!© Luuk Kramer+ 20Curated by Hana Abdel Share Architects: ANA architecten Area Area of this architecture project Apartments ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/956523/the-sketchblock-ana-architecten Clipboard CopyApartments, Residential•Amsterdam, The Netherlands CopyAbout this officeANA architectenOfficeFollowProductSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsBuildingsResidentialMies van der Rohe AwardAmsterdamOn FacebookThe NetherlandsPublished on February 13, 2021Cite: “The Sketchblock / ANA architecten” 13 Feb 2021. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodGRP Siding Façade SystemGlassMitrexSolar GreenhouseMetal PanelsAurubisMill Finished Copper: Nordic StandardMetallicsHAVER & BOECKERArchitectural Wire Mesh – MULTI-BARRETTE 8130Enclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsSealantsEffisusGutter Repair – TiteGutter3Aluminium CompositesSculptformAluminium Click-on BattensTiles / Mosaic / GresiteMargresPorcelain Tiles – Linea PrestigeMetallicsRHEINZINKZinc Roof Systems – Click Roll CapsTiles / Mosaic / GresiteTerrealTerracotta Cladding TileDoorsECLISSESliding Pocket Door – ECLISSE UnilateralWindowsJoskoWindows and Sliding Doors – ONE SeriesMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream 2018 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/956523/the-sketchblock-ana-architecten Clipboard Photographs Area:  2500 m² Year Completion year of this architecture project “COPY” “COPY”last_img read more

Navigating Distressed Asset Investment

first_imgHome / Daily Dose / Navigating Distressed Asset Investment  Previous: The Push for Policymakers to Utilize ‘Groundbreaking’ Housing Data Next: Industry to Convene for Five Star Virtual Conference Demand Propels Home Prices Upward 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago This story originally appeared in the September edition of DS News, out now.Turbulent times create opportunities and uncertainty. How do you identify what is a potential good investment versus a risky bet? Operational expertise and track record should be required from investors who are presented with opportunities in uncertain times. Asset-backed investments can provide excellent returns and reduced risk if sourced, priced, and managed effectively. Mortgage and real estate have always provided good returns but can be especially profitable during uncertain times. The Non-Performing Loan: 2020 outlook  The cracks in the U.S. economy started to appear before COVID-19 in March, laying a foundation for increased opportunity in NPL. However, the COVID-19 onset has changed the landscape quite dramatically. The HUD HECM auction scheduled for mid-March—an auction of defaulted reverse mortgage loans where the properties are vacant and the borrowers deceased—was postponed as COVID-19 came to a head. From mid-March till June, the non-QM mortgage market collapsed and fix-and-flip lenders started seeing increased defaults and late pays. As we head into Q3 2020, we are seeing a dramatic increase in defaults on previously modified mortgage loans as well as REO. From a portfolio manager’s perspective, a lack of transparency of how COVID-19 will play out over the next 24 months is very concerning. Portfolio managers base their models and expectations on assumptions generally agreed upon by their peers to forecast cash flow and performance. There is very little consensus on what the next 24 months will look like, causing forecast models to vary widely. As we head into Q4 2020, portfolio managers of large, mortgage-related, asset-backed investments will have to pick a track and execute a risk mitigation effort to gain certainty on 2021 performance. Because of this, we should see a good amount of NPL and REO come to market as risk managers look to reduce their exposure on a subset of high-risk assets and start fresh in the new year. The biggest question that industry professionals must ask themselves is how the market will look further into the year. The first point to that discussion is that COVID and its consequences will stay for at least 24 months. The latest long-term mortgage default projections from many analysts is now hovering around the 7% range along with an unemployment rate of anywhere from 9–12%. Mortgage defaults will most likely hit FHA the hardest along with formerly modified mortgage loans. However, the long-term numbers will depend on 1) the expiration of the supplemental unemployment benefits that occurs at the end of July, 2) a further increase in the unemployment rates, continuing jobless claims, and 3) potential decline in home values. Luckily for the economy, the unemployment rate estimations of 14% in April and 20% in May never came to fruition. In June, U.S. employers added 4.8 million new jobs and the unemployment rate dropped to 11.1%. Still, the Federal Reserve experts expect the unemployment rate to stay in the 9–12% range for at least 24 to 36 months. The second straight monthly increase in retail sales reported by the Commerce Department on July 16 is mostly attributed to the government’s additional weekly $600 checks for the unemployed, a benefit that ended on July 31. The program expiration will leave millions of gig workers and the self-employed, who do not qualify for regular state unemployment insurance, without an income. The growing amount of NPL and REO trend will be developing towards the third and fourth quarters of this year. I believe the HECM auctions will continue unimpacted by the COVID issue, and I anticipate increased delinquency on FHA portfolios due to the lower underwriting criteria as this product is designed to increase homeownership in underserved communities. Unfortunately, these types of borrowers may be more susceptible to job loss during the COVID crisis. FHA loans are now about 20% of the origination space, compared to about 2% of origination in pre-2008. After the Big Crash—NPL Market Health Check    The distressed assets environment in 2020 looks stronger compared to 2008. “We’ll see a consistent flow of NPL and distressed debt over the next 18 to 24 months. That means a steady flow and lots of opportunities to deploy capital. The 2008 distressed market was caused by the financial crisis, poorly underwritten loans, and slow government reaction. It resulted in a big and fast crash with very steep value declines. The 2020 financial markets are strong despite seeing an increase in distressed assets. The stock market continues to do well, bouncing back after COVID. The sharp rebound in June was followed by new records in July, with the S&P 500 coming back to the pre-pandemic levels and the Nasdaq 100 jumping to the most since April. Home values remain strong and there is no indication of sharp value declines in the coming months. Some housing bubbles may appear due to the immediate shut down of the economy in March and the increase of home buyers scrambling take advantage of the low interest rates in May and June. It will be interesting to see the results of the rush to buy homes in May and June in combination with forbearances expiring in July. The result of increased home purchases with increased defaults may cause a short-term dislocation in the market. No matter what, we’re not catching a falling knife, as we used to say when we bought NPL back in the 2008 crash. In the 2008 crash it was a race against the clock to liquidate or get assets re-performing because home values were dropping so quickly. Low interest rates also provide stability in a distressed marketplace. Low interest rates keep the housing market active, thereby creating liquidity as we put homes back on the market for re-sell. Interest rates are at historic lows and they are not expected to increase anytime soon. Steady home values, low interest rates, and an elevated unemployment rate have created a very stable distressed investment landscape. The distressed market is usually accompanied by an unstable environment susceptible to swings the marketplace similar to what we saw in 2008. Today is a great time to be in the distressed asset space. There are going to be plenty of opportunities, and we have a stable financial market. However, finding the right operating partner who has the experience and track record to manage assets in this type of environment can make or break your investment strategy. Checklist for Your Operating Partner  Fresh-faced and eager “distressed asset managers,” thinking of the distressed space and the opportunities when jumping from one industry to another, sometimes decide that this is a great time to deploy capital and get outsized returns. Those managers generally miss the opportunities with many of them not surviving the current cycle, let alone the next one. To pick the right operating partner you want to look at track record and history. You don’t want to partner with someone who is just building a platform for this particular environment. You want to look for a partner that is in this space indefinitely. Here’s a checklist for the investor looking for the right operating partner: Track record. The asset manager should have been in existence for several cycles, not just created for the current environment. Infrastructure. Nationwide counterparty, attorney, servicer, legal, broker, and contractor networks. Technology. Technology that creates transparency and risk management is required in this asset class. The asset manager must have a way to manage a high volume of data and counterparty relationships. Strong Balance Sheet. There should be a decent amount of assets under management or on the balance sheet. Experience in Structuring Different Types of Deals. There should be a diverse history of successful deal structures depending on the investor’s interests—either joint ventures, LLCs, trust, or Reg B formats.  Related Articles About Author: Louis Amaya Demand Propels Home Prices Upward 2 days ago 2020-09-10 Christina Hughes Babb September 10, 2020 2,028 Views The Best Markets For Residential Property Investors 2 days ago Louis Amaya co-founded and is the CEO of PEMCO Capital Management. PEMCO Capital Management provides an institutional platform for investors to gain exposure in niche sectors within the distressed residential mortgage and real estate markets. Over the firm’s history, PEMCO Capital Management has supported the acquisition and management efforts for prominent commingled and single-investor family offices, hedge funds, institutional investors, and private equity funds. PEMCO is now launching a Reg D fund to allow retail investors to participate in the funds institutional platform. Amaya is also the founder and host of Capital Markets Today, a podcast focusing on real estate and mortgage capital markets. in Daily Dose, Featured, Print Features Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Share Save Sign up for DS News Daily Navigating Distressed Asset Investment last_img read more

John Boy’s penthouse up for sale for €3.5m

first_img WhatsApp Previous articleMet Eireann issues Orange ‘fog’ weather warningNext articleCraig Charles leaves I’m A celeb jungle after brother’s death admin Twitter By admin – November 20, 2014 The penthouse used by John Boy Power in the crime drama Love/Hate is up for sale.However, anyone looking to get their hands on the piece of television history will have to buy the entire Granary building block of 14 apartments in Dublin 9 for €3.5m.The 3,423 sq ft apartment – used by the TV crime lord between Series 1 and 3 – even contains the pool table used by the show’s characters.Receiver for Duff & Phelps Declan Taite is putting the apartment block on the market.Located between Richmond Road and Distillery Road, overlooking Croke Park to the south, The Granary consists of one, two and three-bed apartments.The current tenants of The Granary will not be affected by the sale. Further drop in people receiving PUP in Donegal Facebook 365 additional cases of Covid-19 in Republic Facebook Google+ Main Evening News, Sport and Obituaries Tuesday May 25th Gardai continue to investigate Kilmacrennan firecenter_img Twitter Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry News John Boy’s penthouse up for sale for €3.5m RELATED ARTICLESMORE FROM AUTHOR WhatsApp Pinterest 75 positive cases of Covid confirmed in North Google+last_img read more

[Kerala Actor Assault Case] ‘Victim Was Harassed During Trial; Court Did Not Control’: Prosecution Tells Kerala High Court Seeking Transfer

first_imgNews Updates[Kerala Actor Assault Case] ‘Victim Was Harassed During Trial; Court Did Not Control’: Prosecution Tells Kerala High Court Seeking Transfer LIVELAW NEWS NETWORK30 Oct 2020 12:20 AMShare This – xThe victim of the Kerala actor abduction and sexual assault case was harassed during the trial by the lawyers of the accused and the trial court did not control it, said the prosecution in the High Court of Kerala on Friday.The submission was made before a bench of Justice V G Arun which is considering the applications filed by the prosecution and the victim seeking the transfer of the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe victim of the Kerala actor abduction and sexual assault case was harassed during the trial by the lawyers of the accused and the trial court did not control it, said the prosecution in the High Court of Kerala on Friday.The submission was made before a bench of Justice V G Arun which is considering the applications filed by the prosecution and the victim seeking the transfer of the case to another court.The victim’s lawyer, Senior Advocate S Sreekumar, also supported the submission made by the Public Prosecutor, Mr. Suman Chakravarthy.”The victim was harassed like anything by the accused. The Court did not do anything to control”, the senior counsel seconded the submissions of the prosecutor.The prosecutor said that it was astonishing that about 20 lawyers of the accused were present during the examination of the victim during the in-camera trial and that the Court did nothing to protect the victim.Mr. Sreekumar highlighted the fact that it is the prosecution itself that is seeking the transfer of the case, unlike the accused in most cases.Mr. Chakravarthy told the bench that the Special Prosecutor of the case, A Sureshan, will submit a sealed cover detailing the objectionable approaches taken by the trial court.When Justice Arun asked why the transfer was sought now after the examination of nearly 80 witnesses, the prosecutor replied that oral objections before the trial court were raised at earlier stages and that the prosecution was hoping to see a change in the trial judge’s approach before taking a drastic step of seeking the change of the court.Following the brief arguments, Justice Arun posted the case to Monday(November 2) and said that he will peruse the documents in the meanwhile.The prosecution said that no personal allegations have been made against the judge. Justice Arun agreed that the application has been “carefully worded”.In the transfer application, the victim stated that she was aggrieved by the “biased and hostile” attitude of the presiding judge.Earlier, the Prosecution had filed an application before the trial court seeking to stop the proceedings to move the High Court for transferring the case. This application was dismissed by the Court of Additional Sessions Judge (Special/CBI)-III, Ernakulam, last Friday and the was trial directed to be resumed from November 3.The trial was specially assigned to this court by the High Court at the request of the victim for a woman judge to try the csae.In the transfer application, the actor alleged that judge sat like a “mute spectator” when she was harassed by the lawyer of prominent actor Dileep, who is the alleged mastermind behind the crime. She further alleged that the trial judge refused to record certain portions of her testimony without any justification, despite repeated requests made by the Prosecutor.The transfer plea further pointed out that the trial court has also not taken a decision on the application moved by the prosecution seeking to cancel the bail of Dileep on the ground of intimidating the victim and other witnesses in the case.Prominent Malayalam film actor Dileep is accused of hatching the criminal conspiracy behind the abduction and the sexual assault of the victim, also an actor, in a moving vehicle in the outskirts of Cochin city in February 2017.The prosecution has so far examined 80 witnesses in the case, including certain prominent actors of the Malayalam film industry. Some of them have reportedly turned hostile. The victim of the crime has also given her statement.The Special Prosecutor had taken exception to certain statements and remarks said to have been made by the judge during the course of witness examination.”The prosecution honestly believes that the prosecution as well as the victim will not get fair trial and justice from this court”, the application filed by Prosecution to defer the proceeedings had said.”The prosecution intends to approach the honourable High Court for transfer of the trial of this case from this Honourable Court to any other court. Therefore, it is humbly submitted that the prosecution is not in a position to conduct the trial of the above case before this court on the above grounds and also on several other grounds which are not to be mentioned here to protect the interests of justice”, the plea had stated.Dismissing the Proseuction’s application on Friday, Special Judge Honey M Varghese instructed the investigating officer to take steps to resume the trial from November 3 to complete the proceedings within the time frame set by the Supreme Court.”In the light of direction of Hon’ble Supreme Court to dispose of the case on or before 04.02.20201, investigating officer is directed to take urgent steps to resume the trial on 03.11.2020″, the Court ordered.In November 2019, while rejecting Dileep’s plea for a copy of the memory card allegedly containing the visuals of the sexual crime, the Supreme Court had ordered that the trial in the case should be completed expeditiously, “preferably within six months”.The Kerala Police had arrested Dileep in July 2017 alleging that he was the mastermind of the crime. After 88 days of custody, the High Court granted him bail. Next Storylast_img read more

Damning report reveals raw sewage being pumped into Donegal water supplies

first_img Facebook DL Debate – 24/05/21 Facebook Google+ Google+ By News Highland – October 24, 2017 Homepage BannerNews Pinterest Untreated sewage is still being pumped into water at 44 locations – with Donegal and Cork accounting for nearly half of these areas. A new Environmental Protection Agency report found wastewater treatment in over a quarter of Ireland’s large towns and cities is below public health standards.The report says 50 major towns and cities including Dublin, are failing to meet waste water treatment standards.Meanwhile, Counties Cork and Donegal account for nearly half of the 44 areas where there’s no treatment at all.In 59 locations waste water is the sole pollution threat to waterways, with almost one quarter of these in Donegal and Galway.The EPA says major investment is needed in our water treatment facilities if Irish seas, rivers and lakes are to meet environmental standards. WhatsApp Twitter Arranmore progress and potential flagged as population grows center_img Damning report reveals raw sewage being pumped into Donegal water supplies WhatsApp Previous articleCertain lines of inquiry being pursued on retail burglaries in DonegalNext articleMinister Boxer Moran due to visit Finn Valley & Inishowen today News Highland RELATED ARTICLESMORE FROM AUTHOR Important message for people attending LUH’s INR clinic Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA News, Sport and Obituaries on Monday May 24th Twitter Nine til Noon Show – Listen back to Monday’s Programmelast_img read more

A technique for accurately determining the cusp-region polar cap boundary using SuperDARN HF radar measurements

first_imgAccurately measuring the location and motion of the polar cap boundary (PCB) in the high-latitude ionosphere can be crucial for studies concerned with the dynamics of the polar cap, e.g. the measurement of reconnection rates. The Doppler spectral width characteristics of backscatter received by the SuperDARN HF radars have been previously used for locating and tracking the PCB in the cusp region. The boundary is generally observed in meridional beams of the SuperDARN radars and appears as a distinct change between low spectral width values observed equatorward of the cusp region, and high, but variable spectral width values observed within the cusp region. To identify the spectral width boundary (SWB) between these two regions, a simple algorithm employing a spectral width threshold has often been applied to the data. However, there is not, as yet, a standard algorithm, or spectral width threshold, which is universally applied. Nor has there been any rigorous assessment of the accuracy of this method of boundary determination. This study applies a series of threshold algorithms to a simulated cusp-region spectral width data set, to assess the accuracy of different algorithms. This shows that simple threshold algorithms correctly identify the boundary location in, at the most, 50% of the cases and that the average boundary error is at least similar to1-2 range gates (similar to1degrees latitude). It transpires that spatial and temporal smoothing of the spectral width data (e.g. by median filtering), before application of a threshold algorithm can increase the boundary determination accuracy to over 95% and the average boundary error to much less than a range gate. However, this is sometimes at the cost of temporal resolution in the motion of the boundary location. The algorithms are also applied to a year’s worth of spectral width data from the cusp ionosphere, measured by the Halley SuperDARN radar in Antarctica. This analysis highlights the increased accuracy of the enhanced boundary determination algorithm in the cusp region. Away from the cusp, the resulting SWB locations are often dependent on the choice of threshold. This suggests that there is not a sharp latitudinal SWB in regions of the dayside ionosphere away from the cusp, but that there is a shallower latitudinal gradient in spectral width near the boundary location.last_img read more