Ecobank Ghana Limited (EBG.gh) 2005 Annual Report

first_imgEcobank Ghana Limited (EBG.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2005 annual report.For more information about Ecobank Ghana Limited (EBG.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Ecobank Ghana Limited (EBG.gh) company page on AfricanFinancials.Document: Ecobank Ghana Limited (EBG.gh)  2005 annual report.Company ProfileEcobank Ghana Limited is a financial institution offering banking products and services for the consumer, commercial, corporate and investment sectors. The company provides banking solutions for government departments, financial institutions, multi-nationals, international organisations, small- and medium-sized enterprises and individuals. Ecobank Ghana Limited offers an extensive product offering; ranging from current and savings accounts to business accounts, term deposits, personal loans, mortgage loans, microfinance and business loans. Ecobank Ghana Limited also offers financial solutions for value-chain financing, short-term and mid-term finance and trade finance as well as investment banking, mergers and acquisitions, structure and project finance, capital market services, wealth and asset management, securities brokerage, custodial services and electronic banking services. Ecobank Ghana Limited is a subsidiary of Ecobank Transnational Incorporated. Its headquarters are in Acca, Ghana. Ecobank Ghana Limited is listed on the Ghana Stock Exchangelast_img read more

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Telekom Networks Malawi Plc (TNM) 2008 Presentation

first_imgTelekom Networks Malawi Limited (TNM.mw) listed on the Malawi Stock Exchange under the Technology sector has released it’s 2008 presentation For more information about Telekom Networks Malawi Limited (TNM.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the Telekom Networks Malawi Limited (TNM.mw) company page on AfricanFinancials.Document: Telekom Networks Malawi Limited (TNM.mw)  2008 presentation Company ProfileTelekom Networks Malawi Limited is the major provider of telecommunication services in Malawi; offering a range of products that include post- and pre-paid airtime, interconnections, international incoming and roaming, handsets, equipment and accessories. Additional products and services include smart data packages, a mobile money wallet called Mpamba, Yanga Internet bundles; as well as voice services which include caller tune, call conference and mobile directory services. Value-added services include Me2U which allows customers to share airtime, Pasavute airtime services, and multimedia messaging services. Innovations include the introduction of 3.5g broadband services and high-speed wireless Internet access, voice and data connectivity, and video and music streaming. Telekom Networks Malawi Limited was the first mobile network operator in Malawi and was established as a joint venture between Telekom Malaysia and the then government-owned Malawi Telecommunications Limited (MTL). Telekom Malaysia sold its 60% majority stake in TNM and the telecommunication enterprise is now a wholly-owned Malawi company. Telekom Networks Malawi is listed on the Malawi Stock Exchangelast_img read more

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I think this FTSE 100 stock could beat the market in 2020

first_img “This Stock Could Be Like Buying Amazon in 1997” 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. 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. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Rupert Hargreaves | Wednesday, 8th January, 2020 | More on: AV Image source: Getty Images. Rupert Hargreaves owns no share mentioned. 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.center_img See all posts by Rupert Hargreaves Our 6 ‘Best Buys Now’ Shares Many FTSE 100 stocks are currently trading on low valuations and offer high dividend yields in comparison to the rest of the market. Buying just one or a basket of these companies could potentially generate high long-term returns, as well as a steady and growing passive income stream for investors.A prime example of a FTSE 100 company that could be worth buying today is insurance giant Aviva (LSE: AV).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…The company is currently facing a range of challenges that have tested investor patience with the firm. For example, for several months last year, Aviva was without a CEO. The previous manager was pushed out after a botched attempt to redeem the group’s high-yielding preference shares. It took a while to find a successor who had the skills and experience required to run the global insurance enterprise.A new manager Maurice Tulloch, who has been at Aviva for several years, took on the role. The new manager has got a lot on his plate. Aviva is one of the largest insurance companies in the UK, but it has lost its way over the past few years. However, recent updates from the group have highlighted the changes being made to its business model.The company is now planning to overhaul its corporate structure and improve profitability. Over the next three years, it is looking to generate £8.5bn to £9bn of cash flow and achieve a return on equity of 12%. There are also plans to reduce debt and reduce costs by cutting 1,800 jobs.These initiatives will weigh on growth in the short term, but in the long term, such moves could prove to be sound.Enhanced prospects Improved cash generation and lower costs should help stabilise Aviva’s financial position, as well as enhancing the prospects for shareholder returns.Despite the publication of its growth plans, the company’s shares continue to trade on a low valuation. The stock has a price-to-earnings (P/E) ratio of just 7.2, which appears to suggest that the shares offer a wide margin of safety at current levels. A dividend yield of 7.5% only sweetens the deal for investors and suggests that the stock’s total return prospects could be high.Looking ahead, Aviva could face further challenges, but it seems as if management has now got the company firmly under control.It might take some time for the group to return to growth. However, the prospect of increased cash generation and a dividend yield of 7.5% indicates that investors will be well rewarded over the next few years as the insurance giant begins its turnaround.As such, now could be a great time to snap up the stock at a discount price ahead of a recovery. Over the long run, the stock looks to offer value as well as a high-quality, growing passive income stream. Enter Your Email Address I think this FTSE 100 stock could beat the market in 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

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With the ITV share price at 125p, could it become a takeover target?

first_imgWith the ITV share price at 125p, could it become a takeover target? Cliffdarcy has no position in any of the shares mentioned. The Motley Fool UK has recommended ITV. 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. Our 6 ‘Best Buys Now’ Shares Could ITV become a takeover target?When I look at the ITV share price and the recent financial results, I see a decent business treading water. But I can also see two potential catalysts for a turnaround of the business and re-rating of the shares. The first would be a boardroom clearout, from CEO Carolyn McCall downwards, but this is unlikely. The second would be a hostile (or even friendly) bid for the  entire business, currently valued at just over £5bn. This might inject new life into the sluggish shares.However, ITV is battling strong headwinds today. Advertising revenue — its lifeblood — slumped in 2020. Viewer figures have been in steady decline for a decade, only curtailed in 2020 by global lockdowns. Pay-TV providers and online-streaming services are grabbing ever-larger slices of the broadcasting pie. But ITV’s two powerhouses — the Love Island reality-TV show and the delayed UEFA Euro 2020 tournament — should give it a big boost from June onwards. On balance, I’d be a cautious buyer at the current price, backing ITV as a long-term investment, regardless of whether or not it gets taken over. Simply click below to discover how you can take advantage of this. 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. We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. The Motley Fool UK’s Top Income Stock… Enter Your Email Address 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. Cliff D’Arcy | Monday, 10th May, 2021 | More on: ITV Last October, the UK stock market was valued at a huge discount to other major markets. By some measures, this gap was the widest since 1973. Since then, UK shares have soared, with the FTSE 100 index leaping by more than a quarter (27.9%) since Halloween. Despite these gains, this month has already seen two takeover approaches for major UK-listed companies. Perhaps foreign buyers are catching on to the bargains on offer in London? For me, ITV (LSE: ITV) is a FTSE 250 company that might fall to a bid, due to persistent weakness in the ITV share price.The ITV share price has collapsed since 2015At its early-2000 and mid-2015 peaks, the ITV share price briefly topped 270p before slumping. Five years ago, ITV shares hovered around 205p. But they declined steadily since 2015/16, ending 2019 at 151p. Then Covid-19 pushed the broadcaster’s stock off a cliff. From January to April 2020, the ITV share price went into meltdown. As the coronavirus pandemic swept the globe, the media firm’s stock plunged lower and lower. At its 2020 lows, it crashed to an intra-day bottom just above 50p on Meltdown Monday (23 March). That represented a loss of more than two-thirds (66.9%) in under three months. ITV shares then hit a closing low of 54.42p on 3 April 2020.5G 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…ITV shares come roaring backHappily, early April 2020 was the share price’s rock-bottom. By early June, the price had spiked above 88p, but this relief rally didn’t hold and, by late July, the shares were back below 57p. After ITV shares were tossed into the bargain bin last summer, they caught my eye. On 6 August 2020, with the share price limping along at 60.34p, I said the shares were simply too cheap. My call proved to be timely, as the stock has skyrocketed since.On 11 August last year, I suggested that, “ITV would be a tasty morsel for a much larger media rival. Therefore, I foresee perhaps as much as 100% upside from here.” The ITV share price was 65.24p back then. As I write, the stock trades around 125.55p, with just under 5p to go before my forecast is spot on. Even so, ITV shares are up 92.4% in the intervening nine months. But I think there might be more gains to come. Learn how you can grab this ‘Top Income Stock’ Report now See all posts by Cliff D’Arcylast_img read more

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House of Stones / TETRO Arquitetura

first_img “COPY” Projects Area:  4306 ft² Year Completion year of this architecture project Houses ILUMINAR Collaborators:Laura Georgia R. Layoun, Déborah Martins, Thamara Faria, Luisa LageStructural Project:Bicalho Rodrigues Engenharia Civil e EstruturalTechnical Installations:PROALPHA Engenharia e ConsultoriaCountry:BrazilMore SpecsLess SpecsSave this picture!© Gustavo XavierRecommended ProductsEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsRenders / 3D AnimationVectorworksVectorworks ArchitectConcreteKrytonConcrete Hardening – Hard-CemWoodGustafsWood Veneered Wall & Ceiling PanelsText description provided by the architects. This house is located in Serra da Moeda, in the middle of nature, approximately 30km from Belo Horizonte/MG. The land has Atlantic forest as native vegetation, with several stones and large trees, and has a sharp slope, which allows an impressive view of the mountains.Save this picture!© Gustavo XavierSave this picture!Plan – 1st floorSave this picture!© Gustavo XavierThe house is inserted as a horizontal element, loose on the land, and unfolds to occupy the space between the trees, embrace the big rocks and go towards the view. Its implementation takes place on two levels, with the upper level being private spaces and the lower level the leisure spaces.Save this picture!© Gustavo XavierThe main access is through a balcony, located in the center of the private floor. Through this space, you can access the living room, which has an integrated kitchen, or the side balcony that gives access to the four bedrooms. The House has open circulations for the private areas, this way you can enjoy the landscape and the fresh mountain air. The block of rooms stands out from the land and is projected in a swing in the middle of the treetops creating an intense relation with the place.Save this picture!© Gustavo XavierThe lower level can be accessed by an external staircase attached to the living room or by a stone staircase on the side of the house and over the natural land. On this level there is a gourmet space with a living room, changing rooms, and playground for the children.Save this picture!© Gustavo XavierThe project was conceived in a mixed structure of concrete and steel. The volume of the house is structured in concrete that generates the great swings between the trees. The roof over the social spaces was conceived as a roof of water in a metallic structure and wooden lining and its shape, in addition to increasing the right foot of these spaces, opens up to a view of the mountains.Save this picture!© Gustavo XavierProject gallerySee allShow lessNC LAB Pavilions 2016 / Yemail ArquitecturaSelected ProjectsExtension Cultural Center Bottrop / Böll ArchitektenSelected Projects Share CopyAbout this officeTETRO ArquiteturaOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBrazilPublished on June 10, 2021Cite: “House of Stones / TETRO Arquitetura” [Casa das Pedras / TETRO Arquitetura] 10 Jun 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 House of Stones / TETRO Arquitetura Lighting: Save this picture!© Gustavo Xavier+ 31Curated by Susanna Moreira Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/963066/house-of-stones-tetro-arquitetura Clipboard 2021 Year:  Lead Architects: Photographs:  Gustavo Xavier Manufacturers Brands with products used in this architecture project House of Stones / TETRO ArquiteturaSave this projectSaveHouse of Stones / TETRO Arquitetura Manufacturers: Alusilva Esquadrias de Aluminio, Artpedras, Estrutura Metálica Silva, Isolar, Marmoraria Sul Minas, Portobello, Sam Remo Móveis e Marcenaria, iluminar Brazil Construction: INHAUS ENGENHARIA “COPY” Photographs Carlos Maia, Débora Mendes e Igor Macedo ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/963066/house-of-stones-tetro-arquitetura Clipboard Architects: TETRO Arquitetura Area Area of this architecture project CopyHouses•Brazil ArchDailylast_img read more

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International prospect research series relaunched as online resource

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 14 March 2012 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Prospect research International prospect research series relaunched as online resource  19 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis US-based International Fundraising Intelligence LLC is relaunching its International Prospect Research guidebook series as a web-based training resource.The first guide in the series, China: A Guide for Prospect Researchers, was launched as an ebook in October 2011. Although it sold well, International Fundraising Intelligence‘s Beth Bandy realised she wanted to update it often with new resources and add video tutorials, so decided to convert it and future titles to an online subscription-based guide.The guides are designed to help prospect researchers learn how to conduct wealth and philanthropy research in countries around the world.www.IFIGlobalGuides.comlast_img read more

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White Coats for Black lives

first_imgOn Dec. 10, University of Rochester medical students, joined by some faculty and staff, protested against racism at the university and in the health care system as a whole.With the words “Actions speak louder than words” taped over their mouths, 100 demonstrators crowded into the Flaum Atrium of the UR School of Medicine and Dentistry.The protest was called by students in the local chapter of White Coats for Black Lives, an organization inspired by the Black Lives Matter movement. “We, as future physicians, could not stay silent because we know that medicine is not immune to the racism that is rooted in our education, housing, employment and criminal justice system,” said Guyida Richard, a second year UR medical student and one of the protest organizers. Richard went on to say that the racial climate has “gotten worse.” (Democrat and Chronicle, Dec. 11)The protesters want better training of medical students so they are able to better address the needs of people of color. They also want increased diversity in the medical school faculty and recruitment of more students of color. For this school year, 41 of the 435 students at the medical school are Black, 26 are Latino/a and 11 are of two or more ethnic backgrounds.Another demand calls for discussions about structural racism in medicine. Students related “implicitly racist” stereotypes of people of color that can stand in the way of proper treatment.The University of Rochester, with its associated teaching hospitals, is the largest employer in the city. With a student enrollment of 4,500, its endowment of nearly $3 billion makes it one of the richest per capita schools in the country. ­(Endowment.com)The Board of Trustees looks like a who’s who of the Rochester business elite, except for those who hail from Wall Street.As is the case for universities in many cities, the UR is located right next to a large oppressed community. It pays no property taxes, not even payments in lieu of taxes. Nevertheless, the university recently pressured the chronically broke city to float a $20 million loan for its new College Town, a gentrification project that has driven many residents and small businesses from the community.The White Coats for Black Lives organization is a welcome movement toward solidarity among the youth of Rochester and around the country of different nationalities and ethnic groups. It’s an inspiring example of how the Black Lives Matter movement is at the forefront of struggle.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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March for Our Lives calls for gun reform in America

first_imgBreakdown: what the arsenals of the world are packing + posts Betsy Foresmanhttps://www.tcu360.com/author/betsy-foresman/ West Wing woes: Trump administration sees record high employee turnover What we’re reading: Chauvin found guilty in Floyd case, Xi to attend Biden’s climate change summit print[wzslider autoplay=”true”]Hundreds of thousands of demonstrators flooded the streets of the nation’s capital Saturday in support of the youth-led gun reform movement.The March for Our Lives called on lawmakers to address gun violence and school shootings. The march was organized by survivors of the Marjory Stoneman Douglas High School shooting in Parkland, Florida, where a gunman killed 14 students and 3 teachers last month.Celebrities like Oprah Winfrey, Amal and George Clooney and Stephen Spielberg donated to the cause, but it is the Stoneman Douglas students who have championed discussions and pressed for congressional action on gun control. Linkedin The event featured several other young speakers– Edna Chavez, a South Los Angeles resident, recalled the day her brother was killed; David Hogg, a Stoneman Douglas senior, called on Americans to vote and pressure lawmakers to take action; and 11-year-old Naomi Wadler, spoke about the African American girls and women who have been victims of gun violence. Two honorees will be inducted into the Schieffer School Hall of Excellence for their contributions to the Schieffer School of Journalism on Oct. 12, the chair of the selection committee said. Professor Tommy Thomason, founder of the Hall of Excellence and chair of the selections committee, said Doug Newsom and Steve Buttry earned their nominations for their outstanding contributions to their fields. Thomason started the Schieffer School Hall of Excellence to recognize people who have brought national and international acclaim to the Schieffer School. The March for Our Lives website put attendance as high as 850,000, while Digital Design & Imaging Service (DDIS) estimated a much smaller crowd size at about 200,000 people. Though Washington hosted the main march, more than 800 marches were held across the globe, on every continent except for Antartica. Russia re-elects Putin for fourth term in controversial election Previous articleSGA Meeting Live Stream 3/27Next articleGuillermo Nuñez wins Big 12 Player of the Week Betsy Foresman RELATED ARTICLESMORE FROM AUTHOR Betsy Foresmanhttps://www.tcu360.com/author/betsy-foresman/ Cameron Kasky, a Stoneman Douglas junior, welcomed the Washington crowd and leaders, skeptics and cynics to the “revolution,” as he stood in the shadow of the capital, flanked by his peers.“Either represent the people or get out… stand for us or beware. The voters are coming,” Kasky cautioned to lawmakers.The march was a harmony of voices demanding what they called common-sense gun laws.Marsha McBride, a grandmother and self-proclaimed life-long social activist from Washington D.C., held up a “ban AR-15” poster in a crowd on Pennsylvania Ave and demanded gun control.“I want it for my two grandsons, so they can go to school without being afraid,” McBride said.A mother from Maryland, Virginia Martinez, said that everyone should be standing up for the survivors of gun violence. She reflected on the day’s demonstration and said, “I think there’s power in unity and strength in numbers, so I’m hopeful.”Maizie Ober and Maddy Smith, both freshman at Dickinson College in Carlisle, Pennsylvania, chanted “never again” with a crowd of students. Both said they think the march will instigate change on the local level.“We don’t think regular civilians should have these semi-automatic assault rifles,” Ober said.Emma Gonzalez, a Stoneman Douglas senior, moved many in the crowd gathered in Washington with her speech. She retold the story of the Parkland shooting and stood in silence for several minutes with tears in her eyes to memorialize the victims.“Fight for your lives, before it’s someone else’s job,” Gonzalez said before leaving the stage. Yolanda King, the granddaughter of the Rev. Martin Luther King Jr., invoked the crowd to imagine a gun-free world and asked the crowd to repeat the following words: “Spread the word! Have you heard? All across the nation, we are going to be a great generation!”Although there were no official police estimates of its size, Metrorail reported approximately 334,000 rides were taken as of 4 p.m March 24. The Women’s March last year clocked 597,000 trips by the same time of day.center_img Facebook Betsy Foresmanhttps://www.tcu360.com/author/betsy-foresman/ Linkedin Betsy Foresmanhttps://www.tcu360.com/author/betsy-foresman/ Betsy is a junior journalism and psychology double major from Orange County, California. She is pretty well-read, as untamed as a shrew, and her dependence on Redbull is something we won’t get into. ReddIt What we’re reading: Former Vice President dies at 93, Chad President killed on frontlines Twitter U.S. and European allies target Syrian chemical weapons production with airstrike ReddIt Abortion access threatened as restrictive bills make their way through Texas Legislature Betsy Foresman Twitter Facebooklast_img read more

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Calcutta HC Quashes Customs’ Summons To TMC MP’s Wife [Read Judgment]

first_imgNews UpdatesCalcutta HC Quashes Customs’ Summons To TMC MP’s Wife [Read Judgment] Mehal Jain18 Jun 2020 7:54 AMShare This – xThe Calcutta High Court on Wednesday quashed summons to Rujira Naroola, wife of Trinamool Congress MP Abhishek Banerjee, and her sister by the Customs authorities on the ground of procedural lapses. Naroola and her companion, Menka Gambhir had moved the high court seeking to cancel or rescind the summons and for an order prohibiting the Customs authorities for initiating enquiry…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 Calcutta High Court on Wednesday quashed summons to Rujira Naroola, wife of Trinamool Congress MP Abhishek Banerjee, and her sister by the Customs authorities on the ground of procedural lapses. Naroola and her companion, Menka Gambhir had moved the high court seeking to cancel or rescind the summons and for an order prohibiting the Customs authorities for initiating enquiry under provisions of the Customs Act against them in connection with a complaint filed by Customs officials at NSCBI Airport police station on March 22 last year The Single Judge noted that the Commissioner of Customs on 26th March, 2019 prima facie formed his opinion to enquire and seek presence of the petitioners in connection to an incident that occurred on the night of 15/16th March, 2019 and sought aid in enquiry directing Joint/Additional Commissioner of Customs, AIU, NSCBI, Airport, Kolkata to issue summons to the petitioners, and the petitioners were directed to appear before Additional Commissioner of Customs (Airport Administration) on 8th April, 2019 for giving evidence and/or produces documents or things in relation to the incident which occurred on 15th /16th March, 2019. The Single Bench continued to reflect that Section 108 of the Customs Act clearly mandates that proceedings under section 108 are quasi judicial in nature. The person issuing summons has to satisfy qualitative ingredients as prescribed in Section 108 of the Customs Act. In this case, the Additional Commissioner, AIU NSCBI Airport, Kolkata who has issued the summons dated 26th March, 2019 to the petitioners is not the inquiry officer and he has not formed any opinion regarding attendance of the petitioners and he has only directed the petitioners to appear before another Additional Commissioner (Airport Administration) Customs, who is also not the inquiry officer. But when a statute provides that the power under Section 108 of the Customs Act must be exercised in a certain manner, then such power has to be wielded in the same manner and none other. “For the above reasons the summons dated 26th March 2019 issued to the petitioners are quashed and set aside”, it held. The Single Bench observed that two contested and irreconcilable versions of an event came to be placed before the Court which occurred on the night of 15th / 16th March, 2019 and has to be inquired into by a competent authority. The two contested and irreconcilable versions are as follows: a) Two lady passengers, the petitioners herein, while passing through the green channel having arrived at NSCBI Airport, Kolkata, refused to show their passports and refused to subject themselves to the procedures as laid down in customs Act. b) The lady passengers/ writ petitioners exited the green channel without any hindrance. Besides, the Court acknowledged the separate issue that some unknown police officers entered the international arrival hall of NSCBI Airport, Kolkata and assisted the writ petitioners to exit the gate of customs and such incident was informed to the jurisdictional police station by the Assistant Commissioner of Customs by filing a complaint on 22nd March, 2019. The said complaint was not only against the writ petitioners but also against some unknown police officers who assisted the writ petitioners, and that the complaint was filed on 22nd March, 2019 is an undisputed fact. “Learned Additional Advocate General has categorically submitted before this court that the written information lodged by the Customs to the jurisdictional police authorities was entered into a General Diary and numbered as NSCBI Airport PS G.D.E No 800 dated 22/3/2019 (P.33). On March 23, 2019, the jurisdictional police authorities made a prayer before the Ld. Magistrate for investigating into offences. The Ld. Magistrate passed an order permitting the police authorities to investigate into the offence and the investigation is in progress”, records the judgment. The bench further appreciated that the Statements of several witnesses u/s. 161 of Cr. P.C have been recorded and CCTV footage has been obtained from the airport authorities. The customs authorities had filed the complaint on 22nd March, 2019 and after the complaint was filed, the police have acted upon the same by taking magisterial approval under section 155 of the Code of Criminal Procedure. “Thus, the customs lost its jurisdiction to inquire any further in respect of the complaint and is restrained from making parallel inquiry”, declared the Court. But it proceeded to opine that as regards the first incidence, where two contested and irreconcilable version of an event that occurred on the night of 15th /16th March, 2019 i.e. two lady passengers, the writ petitioners herein, while passing through the green channel having arrived at the Airport refused to show their passports and refused to subject themselves to the procedures as laid down in customs Act inside the “customs airport” has lead to an inquiry by the customs authorities. “The customs authorities are free to inquire into the two contested and irreconcilable version of an event as presented before me for any violation of the customs Act by the writ petitioners effecting loss of government revenue that occurred on the night of 15th / 16th March, 2019, but to the extent which occurred inside the “Customs Airport” as defined in section 2 of the Customs Act”, ruled the Judge. Naroola, a citizen of Thailand, had arrived at the city airport in the early hours of March 16 from Bangkok and was allegedly selected randomly for checking by the Customs officials at the immigration counter. She filed a complaint with the NSCBI Airport police station on the same day alleging that she had been deliberately harassed and misbehaved with by the officials. The Customs authorities also filed a complaint with the same police station stating that they were prevented from examination of the baggage of Naroola and her companion Menka Gambhir. The Customs authorities alleged that they were voluntarily and intentionally obstructed by the two passengers, local police personnel and other unknown persons from exercising their power as conferred under the Customs Act.Click Here To Download Judgment[Read Judgment]  Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. 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Police officer, a 13-year veteran and dad of 2, shot dead near Maryland parking garage

first_imgWJLA-TV(SILVER SPRING, Md.) —  A police officer was shot and killed Monday morning in Maryland, just outside of Washington, D.C., sparking a manhunt, authorities said.The slain officer, Thomas Bomba, was shot while reporting a disorderly subject in a parking garage shortly before 9 a.m., police said.Bomba worked for the Montgomery County Department of Police and was a 13-year veteran, Montgomery County Police acting chief Marcus Jones said.Bomba leaves behind his wife and two children, Jones said at a news conference.Police have no suspect information.The slaying was in Silver Spring, which is about 6 miles outside of Washington, D.C.Jones said police do not believe there is an immediate threat to public safety.“We will get to the bottom of this, and we’ll hold people accountable,” Montgomery County Executive Marc Elrich said.Copyright © 2019, ABC Audio. All rights reserved.last_img read more

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