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Category: Finance

  • MIL-OSI USA: McConnell Announces Over $38 Million in Federal Funding for Kentucky’s Railroads

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell

    WASHINGTON, D.C. – U.S. Senate Republican Leader Mitch McConnell (R-KY) announced today that the U.S. Department of Transportation will award $32,183,290 to the R.J. Corman Railroad Group and $6,492,000 to the Louisville and Indiana Railroad Company (LIRC) through the Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program.

    R.J. Corman will use today’s award to rehabilitate tracks across multiple rail lines in Central and Western Kentucky, enhancing the efficiency and timeliness of its rail operations. The federal funding awarded to LIRC will support critical repairs to Clagg Bridge, an important rail bridge traversing the Ohio River between Louisville, Kentucky and Clarksville, Indiana that services both rail and waterway traffic.

    Today’s awards are funded through the Infrastructure Investment and Jobs Act as well as annual appropriations from Fiscal Year 2023 and Fiscal Year 2024. Senator McConnell, a senior member of the Senate Appropriations Committee, contacted the U.S. Secretary of Transpiration in support of both railways’ competitive grant applications and advocated for CRISI funding in both the Bipartisan Infrastructure Law and the annual appropriations process.

    “As a transportation and logistics hub, Kentucky’s railroads have been the linchpin of economic growth for generations of workers and job creators in the Commonwealth. The grants announced today will increase the speed, efficiency, and safety on two of Kentucky’s keystone rail operations, improvements that support good jobs and commerce across our state. I supported the Bipartisan Infrastructure Law precisely for projects like these, and I’ll continue to be a fierce advocate for Kentucky’s railroads, riverports, and waterways in years to come,” said Senator McConnell.

    “We are incredibly grateful to the Federal Railroad Administration for this grant, as well as to Senator McConnell, officials, and communities that supported this initiative. This partnership with R. J. Corman and Logan Aluminum underscores the power of collaboration between the public and private sectors. By leveraging federal infrastructure dollars alongside private investment, we are maximizing economic development opportunities for rail infrastructure in Kentucky. These enhancements will not only strengthen our ability to serve our customers but will also benefit a range of manufacturing companies and industries in central Kentucky. By improving the transportation of key commodities—such as agricultural products, automotive components, and raw materials—this project will bolster the region’s economy, expand market access, and enhance the overall efficiency of our supply chain,” said R. J. Corman Railroad Group President and CEO Ed Quinn.

    “The Louisville & Indiana Railroad is grateful for this award which will ensure that our 100-year-old lift span bridge over the Ohio River will remain a key component for our country’s economy for the next 100 years.  I would like to thank everyone that made this happen with a special thanks to Senator McConnell whose support is greatly appreciated,” said LIRC President John Goldman.

    MIL OSI USA News –

  • MIL-OSI USA: Physician Charged in Scheme to Illegally Sell Cancer Drugs

    Source: US Department of Health and Human Services – 3

    Department of Justice
    U.S. Attorney’s Office
    Eastern District of Michigan

    FOR IMMEDIATE RELEASE
    Friday, October 25, 2024

    Detroit – A Royal Oak physician was charged in an Indictment for his role in a multi-million-dollar scheme to illegally sell and divert expensive prescription cancer drugs, United States Attorney Dawn N. Ison announced.

    Joining Ison in the announcement were Special Agent in Charge Mario M. Pinto, U.S. Department of Health and Human Services, Office of Inspector General (HHS-OIG), Special Agent in Charge Cheyvoryea Gibson, Federal Bureau of Investigation (FBI), Special Agent in Charge Angie M. Salazar, Homeland Security Investigations (HSI), and Special Agent in Charge Ronne Malham, U.S. Food and Drug Administration (FDA).

    Charged in the Indictment is Dr. Naveed Aslam, age 51, of West Bloomfield, Michigan.

    The charges against Dr. Aslam include one count of conspiracy to illegally sell or trade prescription drugs and 10 counts of illegally selling or trading prescription drugs.

    According to the Indictment, by early 2019, and continuing through August 2023, Dr. Aslam, a licensed physician, worked with others to buy and sell expensive cancer drugs for profit and with the intent to defraud and mislead. The other individuals Dr. Aslam worked with identified customers interested in buying prescription cancer drugs, and they communicated with Dr. Aslam about what cancer drugs were requested. Dr. Aslam used his access to certain cancer drugs through his medical practice, Somerset Hematology and Oncology, P.C., to order and purchase the cancer drugs from his supplier. He then sold the cancer drugs to and through the other individuals’ company to the eventual customer. During this scheme, Dr. Aslam acquired and sold more than $17 million in prescription cancer drugs, and personally profited more than $2.5 million.

    “The safety and integrity of our country’s prescription drug supply lines – particularly for cancer drugs – is an important part of our health care system,” stated U.S. Attorney Ison. “As alleged, Dr. Aslam used his role as a physician to violate that integrity and divert prescription cancer drugs away from treating patients. My office is committed to prosecuting medical professionals who seek to profit, rather than protect, our health care system.”

    “Our agency is dedicated to ensuring that medical providers follow laws designed to protect both the integrity and solvency of Federal health care programs, as well as the beneficiaries they serve,” said Mario M. Pinto, Special Agent in Charge of the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “HHS-OIG will continue to work closely with our Federal law enforcement partners to thoroughly investigate allegations of fraud.”

    “Having the authority to prescribe medication is a privilege that comes with a profound responsibility. Physicians must safeguard against drug diversion,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI in Michigan. “Dr. Aslam’s alleged participation in this scheme not only allowed him to profit unlawfully from the sale of cancer drugs, but it also posed a serious threat by potentially placing these medications into the wrong hands. This breach of trust is inexcusable, especially considering the critical nature of the drugs involved. The FBI is unwavering in its commitment to hold medical professionals accountable for exploiting their positions for personal gain and endangering community safety.”

    “Introducing diverted prescription drugs into the supply chain and selling them to unsuspecting consumers undermines the FDA safeguards designed to protect the public,” said Ronne Malham, Special Agent in Charge, FDA Office of Criminal Investigations, Chicago Field Office‎. “We remain committed to bringing to justice those who place their personal gain over the health of American consumers.”

    “A physician’s ethical responsibility is to their patients, not to selling cancer drugs under the table for profit,” said HSI Detroit Special Agent in Charge Angie M. Salazar. “We will protect patients against fraud, especially from those in positions of public trust who choose greed over public safety.”

    An indictment is only a charge and is not evidence of guilt.

    The case is being prosecuted by Assistant United States Attorney Andrew J. Lievense. Assistant United States Attorney Jessica A. Nathan of the Money Laundering & Asset Recovery Unit is handling related forfeiture matters. The investigation is being conducted jointly by the FBI, HHS-OIG, HSI, and the FDA.

    MIL OSI USA News –

  • MIL-OSI USA: Duckworth, Durbin, Budzinski Announce $157 Million in Federal Funding for Springfield Rail Improvements Project

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth

    October 25, 2024

    [SPRINGFIELD, IL] – U.S. Senator Tammy Duckworth (D-IL), U.S. Senate Majority Whip Dick Durbin (D-IL) and U.S. Representative Nikki Budzinski (D-IL-13) today announced $157,126,494 in federal funding from the U.S. Department of Transportation (DOT) for the final segment of the Springfield Rail Improvements Project (SRIP).

    The multi-phased project is a large-scale effort supported by local, state and federal funding designed to alleviate rail congestion in downtown Springfield by consolidating train traffic from Third Street to 10th Street and constructing a series of overpasses and underpasses along the corridor.

    “Investing in our rail infrastructure is about growing our economy and making it easier, faster, safer and more efficient so people and goods can get where they need to go,” Duckworth said. “This significant federal investment in the Springfield Rail Improvements Project will help us build a new multimodal transportation center, improve efficiency for passengers traveling between St. Louis and Chicago, support good-paying jobs and make Springfield safer for pedestrians and drivers. I’ll keep working with Senator Durbin and Congresswoman Budzinski to ensure that our communities are receiving the much-needed federal resources they deserve.”

    “Connecting communities is at the heart of transportation and today’s announced federal funding for a new Amtrak Station, rail improvements, and track realignment in Springfield will better connect passengers between St. Louis and Chicago,” said Durbin. “The Springfield Rail Improvements Project is dramatically changing downtown Springfield by reducing rail congestion, creating jobs, and improving safety for passengers, drivers, and pedestrians.  I will continue advocating for strong investments in Illinois’ transportation infrastructure.”

    “The Springfield Rail Improvements Project is revitalizing our downtown by reconnecting our community, reducing rail noise and enhancing public safety. It’s also creating good-paying union jobs along the way,” said Budzinski. “I’m honored to join Senators Durbin and Duckworth to announce $157 million in federal funding to complete the final phase of this important work. This investment and the new 1908 Springfield Race Riot National Monument along the project’s route will honor our history and build a bright future for our city.”

    This phase of the SRIP includes rail improvements, track realignment and the construction of a new Amtrak Station in Springfield. This project will complete the final segment of track realignment to consolidate the Union Pacific and Norfolk Southern corridors into one multitrack corridor through the city, which will advance the efforts to provide a higher speed intercity passenger rail connection between St. Louis and Chicago. In addition to various track improvements and grade crossing separations, the project will also construct a Multimodal Transportation Center to improve public transportation connectivity among intercity passenger rail, local bus service and intercity bus service.

    -30-

    MIL OSI USA News –

  • MIL-OSI Europe: Focus on trade and investment as Minister for International Development Cooperation and Foreign Trade visits Saudi Arabia

    Source: Government of Sweden

    Focus on trade and investment as Minister for International Development Cooperation and Foreign Trade visits Saudi Arabia – Government.se

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    Press release from Ministry for Foreign Affairs

    Published

    On 27–29 October, Minister for International Development Cooperation and Foreign Trade Benjamin Dousa is visiting Saudi Arabia. Mr Dousa will have meetings with the Saudi Government, meet with Swedish and Saudi businesses and take part in the Future Investment Initiative’s international investment conference.

    Saudi Arabia is Sweden’s largest export market in the Middle East and North Africa, and exports have grown in recent years.

    “Saudi Arabia is undergoing very rapid societal change. Swedish businesses have expertise in areas of great interest for Saudi Arabia, none more so than innovation and green transition. This provides great opportunities for these businesses. I’m travelling to Riyadh to promote trade relations between Sweden and Saudi Arabia,” says Mr Dousa.

    Mr Dousa will meet with Saudi Minister of Commerce DR. Majid bin Abdullah Al-kassabi and other government representatives to discuss bilateral trade relations. Mr Dousa will also visit Swedish businesses operating in Riyadh, along with a ‘mega-project’ where a new urban district is emerging outside the city. Many Swedish businesses are active in Saudi Arabia in areas such as the health sector, telecommunications, energy and transport.

    Press contact

    MIL OSI Europe News –

  • MIL-OSI USA: Congressman Cohen Announces $26.2 Million in Federal Railroad Administration Grants

    Source: United States House of Representatives – Congressman Steve Cohen (TN-09)

    MEMPHIS – Congressman Steve Cohen (TN-9), a senior member of the Transportation and Infrastructure Committee, today announced two Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program grants from the Federal Railroad Administration totaling $26,269,987. The first, for $19,843,062, is for the conversion of eight Watco Company diesel locomotives to battery-electric, zero-emission locomotives. Watco operates the Memphis Dock Street Marine Terminal on Presidents Island. Congressman Cohen submitted a letter of support for the project. The second grant, for $6,426,925, is for Montana State University’s initiative to create multidisciplinary rail workforce capacity. The 20 percent non-federal match will come from Caltrans, the University of Memphis, Montana State University, and the Big Sky Passenger Rail Authority, among others. The federal funding for both grants comes from the Infrastructure Investment and Jobs Act that Congressman Cohen alone among current members of the Tennessee Congressional delegation supported.

    Congressman Cohen made the following statement:

    “Lowering air-polluting emissions while modernizing rail operations is a forward-thinking approach to moving freight. Those operations will require a workforce of the future, trained in modern rail technologies. These grants will propel our region and the nation into a smarter and cleaner rail industry. I’m pleased to see more IIJA funding coming to the district.”

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    MIL OSI USA News –

  • MIL-OSI: Red Cat to Supply FlightWave Edge 130 Blue Systems to Royal Australian Navy

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Oct. 28, 2024 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced a new contract and order for 12 of its FlightWave Edge 130 Blue system from the Royal Australian Navy. The contract was secured through Criterion Solutions Pty Ltd., an Australian-based distributor of intelligence, surveillance, reconnaissance and information technology solutions.

    FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brought FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments.

    “Our mission is to equip warfighters around the globe with cutting-edge sUAS technology. The Edge 130 Blue, with its advanced long-range surveillance and reconnaissance capabilities, offers a significant advantage in maritime and other challenging environments,” stated Jeff Thompson, CEO of Red Cat. “We are excited to expand our partnership with the Australian defense forces through this initial tranche of Edge 130 units. Their investment in small ISR and precision strike drones is vital for enhancing security and stability in the Indo-Pacific region.”

    The Edge 130 Blue is a UAS-certified military-grade tricopter for long-range mapping, inspection, surveillance, and reconnaissance needs. Designed specifically for government and military applications, the Edge 130 Blue can be assembled and hand-launched in just one minute by a single user to capture high-accuracy aerial imagery with medium-range autonomy. Weighing in at only 1200g, the Edge has a 60+ minute flight time in forward mode, an industry-leading endurance among all other Blue UAS-approved drones available.

    Earlier this month, Red Cat introduced its ARACHNID™ family of unmanned intelligence, surveillance, and reconnaissance (ISR) and precision strike systems at AUSA 2024 Annual Meeting and Exposition in Washington D.C. As part of its ongoing innovation, Red Cat’s product roadmap includes TRICHON™, which will build upon the FlightWave Edge 130 Blue.

    About Red Cat, Inc.
    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    About FlightWave
    FlightWave Aerospace Systems Corporation is an industry leading manufacturer of dual-use VTOL drones, sensors and software solutions located in Santa Monica, CA. FlightWave designs and manufactures the Edge 130 VTOL drone and payload cameras for the commercial, defense, security, and intelligence markets. The fully-autonomous Edge 130 sUAS has the best flight endurance in the industry and with AI edge compute capabilities, provides superior aerial data capture to both the commercial and defense markets.

    Forward-Looking Statements 
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law. 

    Contacts:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA: 
    Indicate Media
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI Europe: Written question – Support for SMEs – E-002050/2024

    Source: European Parliament

    14.10.2024

    Question for written answer  E-002050/2024
    to the Commission
    Rule 144
    Georgios Aftias (PPE)

    Based on the data held by the Greek chambers of commerce, EU funding is urgently needed for small to medium-sized enterprises (SMEs). However, access to green financing is not guaranteed because, according to the Piraeus Chamber of Commerce and Industry, reporting criteria are complex since funding is only offered for projects worth over EUR 2 000 000. Thus, this practice automatically excludes SMEs from green financing given that the average loan guarantee offered by the European Investment Bank is EUR 100 000.

    Guaranteed access to funding is essential for SMEs to be able to engage in the green transition. SMEs, which are the backbone of the Greek economy, are driven by sustainability, competitiveness, liquidity, innovation and the skills of their employees.

    In view of this:

    • 1.What will the Commission do for SMEs to obtain flexible financing?
    • 2.Will the reporting process be simplified?
    • 3.When will this process be complete?

    Submitted: 14.10.2024

    Last updated: 28 October 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Ensuring reliable and fast connections in rural areas and regions bordering Russia – E-001723/2024(ASW)

    Source: European Parliament

    The Commission is committed to ensuring that everyone, everywhere in the EU has access to high-speed connectivity. The targets set in the Digital Decade Policy Programme to connect all EU households to gigabit networks and ensure 5G coverage across all populated areas by 2030[1] apply also to the rural areas.

    According to the second annual report on the State of the Digital Decade[2], at the end of 2023 very high-capacity networks coverage in the EU’s rural areas reached 56% of households, while 5G coverage amounted to 74%. Reaching the targets may require at least a total investment of EUR 200 billion[3], including both private and public funding.

    The Commission supports the deployment of digital infrastructures through numerous funds. The Connecting Europe Facility Digital[4] with a budget of EUR 2 billion supports, inter alia, the deployment of standalone 5G infrastructures for rural communities in sectors like smart farming and border control.

    This is in particular important in regions bordering Russia in the specific context of its full-scale invasion on Ukraine. The budget allocated to connectivity under the recovery and resilience facility reaches almost EUR 14 billion[5].

    With a budget of EUR 2.4 billion the Infrastructure for Resilience, Interconnectivity and Security by Satellite programme[6] will also contribute to the coverage of rural areas.

    Connectivity is also supported under the cohesion funds, e.g. by the European Regional Development Fund (about EUR 2.3 billion[7]) and through InvestEU[8].

    Finally, the White Paper[9] adopted in February 2024 presents the challenges and opportunities Europe faces in the rollout of future secure and resilient connectivity networks and proposes several scenarios to improve the EU regulatory and investment frameworks to facilitate the achievement of EU digital objectives.

    • [1] The Digital Decade Decision (https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=LEGISSUM:4646000) sets out digital targets grouped into four cardinal points, which were first identified in the Digital Compass Communication as key areas for the digital transformation of the EU: digital skills, digital infrastructures, the digitalisation of businesses and the digitalisation of public services, COM(2021) 118 final, https://eur-lex.europa.eu/legal-content/en/TXT/?uri=CELEX%3A52021DC0118
    • [2] https://digital-strategy.ec.europa.eu/en/news/second-report-state-digital-decade-calls-strengthened-collective-action-propel-eus-digital
    • [3] https://digital-strategy.ec.europa.eu/en/library/investment-and-funding-needs-digital-decade-connectivity-targets
    • [4] https://digital-strategy.ec.europa.eu/en/activities/cef-digital
    • [5] https://ec.europa.eu/economy_finance/recovery-and-resilience-scoreboard/assets/thematic_analysis/scoreboard_thematic_analysis_connectivity.pdf
    • [6] https://defence-industry-space.ec.europa.eu/eu-space/iris2-secure-connectivity_en
    • [7] https://ec.europa.eu/regional_policy/funding/available-budget_en
    • [8] https://digital-strategy.ec.europa.eu/en/policies/broadband-public-and-private-funds-financing-broadband-deployments
    • [9] https://digital-strategy.ec.europa.eu/en/library/white-paper-how-master-europes-digital-infrastructure-needs
    Last updated: 28 October 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Italy: ACEA: €500 million from EIB and CDP covered by SACE guarantee for electricity distribution network investments

    Source: European Investment Bank

    • The agreement aims to strengthen Areti’s electricity infrastructure and supports REPowerEU objectives.
    • The first tranche of €320 million was signed today, with a second tranche of €180 million to be signed in 2025.

    The modernisation, upgrade and expansion of Areti’s electricity infrastructure – a company fully owned by ACEA Grup and responsible for the mains network in Rome and Formello – aims to provide increasingly efficient services to citizens.

    This is the main objective of the €500 million financing granted directly to ACEA by the European Investment Bank (EIB), covered by SACE’s Archimede guarantee, and by Cassa Depositi e Prestiti (CDP) with funding made available by the EIB.

    Today in Rome, agreements were signed for the first tranche of financing, totalling €320 million, of which €200 million provided directly by the EIB, with 70% covered by SACE’s Archimede guarantee, and €120 million from CDP using EIB funding. The second tranche of €180 million is scheduled to be signed in 2025.

    Through this transaction, the EIB, CDP and SACE are co-financing Areti’s investment plan in line with the objectives of REPowerEU, the European Union’s plan to reduce dependence on fossil-fuel and accelerating the transition to green energy. The resources available will serve to implement an intervention plan for digitalisation of the infrastructure. More specifically, the interventions will be focused on the following areas:

    • Upgrading Rome’s low and medium voltage network to increase resilience and capacity, including the installation of new lines;
    • Modernising the medium and low voltage network to enhance safety through advanced diagnostics, remote control, and automation;
    • Expanding and upgrading primary stations;
    • Enhancing grid intelligence to enable dynamic management, control of PODs via 2G smart meters and large-scale demand response through artificial intelligence and IoT platforms.

    This transaction reaffirms the EIB and CDP as primary institutional funders of ACEA’s investment plan, and SACE as a strategic financial insurance partner also for the Group’s future operations. SACE’s Archimede guarantee provides coverage of financing and bonds at market conditions for a maximum term of 25 years as leverage for country system competitiveness.

    Fabrizio Palermo, ACEA’s Chief Executive Officer, commented: “The agreements signed today with EIB, CDP and SACE represent for ACEA a system operation of particular strategic importance and certify the value and quality of the investments that the Group has planned for the coming years in the electricity distribution networks. The investments will contribute to the achievement of increasing infrastructure resilience and flexibility thanks to the use of new technologies, such as artificial intelligence.”

    EIB Vice President Gelsomina Vigliotti stated: “This financing reaffirms the EIB’s commitment to supporting the energy transition and achieving the REPowerEU objectives, which we are backing by making available €45 billion of additional financing by 2027. Modernising electricity infrastructure is essential, not only to make the grid more efficient and resilient, but also to enable greater integration of renewable energy into the system.”

    “Thanks to the synergy effectively promoted in recent years with the European institutions” – Dario Scannapieco, Chief Executive Officer of Cassa Depositi e Prestiti commented – “CDP is today in a position to back high impact financial operations of value for the territory. From this perspective, the financing in favour of ACEA further confirms CDP’s commitment to supporting the development and modernisation of Italian infrastructure. The consolidated partnership with the EIB, on many occasions also accompanied by SACE’s contribution, over the years has allowed us to support investments totalling around €13 billion destined for the economic growth of the territories”.

    Alessandra Ricci, Chief Executive Officer of SACE, stated: “We confirm our commitment to supporting investments for competitiveness in Italy through the Archimede Guarantee, such as the upgrading of ACEA’s electrical infrastructure. This new operation reinforces the strong synergy with institutional investors EIB and CDP in projects capable of generating a tangible impact on Italy’s economic fabric”.

    Background information

    The European Investment Bank (EIB) is the European Union’s long-term lending institution and its shareholders are member states. It finances sound investments capable of contributing to strategic EU objectives. The EIB’s projects enhance competitiveness, foster innovation, promote sustainable development and improve social and territorial cohesion while supporting a fair and rapid transition towards climate neutrality. In the past five years, the EIB Group has provided more than €58 billion in financing for projects in Italy.

    ACEA is one of the most important Italian industrial groups, listed on the Stock Exchange since 1999. The company is concerned with integrated water service management, electricity distribution, public and artistic lighting, the sale of electricity and gas, power generation mainly from renewable sources and waste treatment and valorisation. It is the leading national water sector operator, with around 10 million residents served, one of the most important Italian players in energy distribution and among the top operators in the environment sector in Italy, managing approximately 1.8 million tons of waste annually.

    Cassa Depositi e Prestiti (CDP), the National Promotional Institution, has been supporting the Italian economy since 1850. Through its operations, it is committed to accelerating the country’s industrial and infrastructure development, with the aim of contributing towards its economic and social growth. CDP centres its operations around the territories’ sustainable development, alongside the growth and innovation of Italian companies, also at international level. It partners the Local Authorities, by way of financing and advisory activities for the implementation of infrastructure and the improvement of public utility services. Moreover, it is actively involved in International Cooperation for the realisation of projects in developing countries and emerging economies. Cassa Depositi e Prestiti’s funding comes entirely from private sources, through postal savings bonds and books and issues on the domestic and international financial markets.

    SACE is the Italian insurance and finance group, directly controlled by the Ministry of Economy and Finance, specialised in supporting businesses and the national economic system through a wide range of tools and solutions to support competitiveness in Italy and worldwide. For over forty-five years, the SACE Group has been the reference partner for Italian companies that export and grow on overseas markets. It also supports the banking system, through its financial guarantees, to facilitate companies’ access to credit, with a view to supporting their liquidity and investments for competitiveness and sustainability as part of the Italian Green New Deal, starting from the domestic market. SACE is present all over the world with 14 offices in target countries for Made in Italy, which have the role of building relationships with primary local counterparts and, through dedicated financial instruments, facilitating business with Italian companies. With a portfolio of insured operations and guaranteed investments of €260 billion, the group serves approximately 50 thousand companies, especially SMEs, supporting their growth in Italy and in about 200 countries around the world.

    MIL OSI Europe News –

  • MIL-OSI Security: October Federal Grand Jury 2024-B Indictments Announced

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    United States Attorney Clint Johnson today announced the results of the October Federal Grand Jury 2024-B Indictments.

    The following individuals have been charged with violations of United States law in indictments returned by the Grand Jury. The return of an indictment is a method of informing a defendant of alleged violations of federal law, which must be proven in a court of law beyond a reasonable doubt to overcome a defendant’s presumption of innocence.

    Lawrence Francis Michael Bady. Felon in Possession of a Firearm and Ammunition. Bady, 33, transient, is charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies. The Bureau of Alcohol, Tobacco, Firearms and Explosives and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney Niko Boulieris is prosecuting the case. 24-CR-340

    Paul Jimenez Diaz; Saul Peña Becerra. Drug Conspiracy; Possession of Fentanyl with Intent to Distribute; Possession of Heroin with Intent to Distribute; Possession of Methamphetamine with Intent to Distribute; Possession of Cocaine with Intent to Distribute; Maintaining a Drug-Involved Premises (superseding). Diaz, 37, and Becerra, 20, Mexican Nationals, are charged with conspiring to distribute fentanyl, heroin, methamphetamine, and cocaine. Diaz knowingly possessed more than 500 grams of fentanyl, 100 grams of heroin, and more than 50 grams of methamphetamine. They also are charged with maintaining a residence for the distribution of drugs. Becerra is charged with knowingly possessing cocaine to distribute it and possessing more than 500 grams of methamphetamine. The Drug Enforcement Administration, Homeland Security Investigation, and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney Mandy M. Mackenzie is prosecuting the case. 24-CR-323

    Kourtney Dawn Haley. Possession of Methamphetamine with Intent to Distribute; Maintaining a Drug-Involved Premises. Haley, 44, of Tulsa and a member of the Muscogee (Creek) Nation, is charged with knowingly possessing methamphetamine with intent to distribute and maintaining a residence to distribute methamphetamine. The Drug Enforcement Administration and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney David A. Nasar is prosecuting the case. 24-CR-330

    Joseph Matthew Hough.  Domestic Assault in Indian Country by a Habitual Offender. Hough, 48, of Tulsa and a member of the Cherokee Nation, is charged with domestic assault after receiving felony convictions for domestic assault in Tulsa County District Court. The FBI and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorneys Melissa Weems and Stacey P. Todd are prosecuting the case. 24-CR-331

    Hilario Lucas Mendoza. Unlawful Reentry of a Removed Alien. Mendoza, 42, a Mexican national, is charged with unlawfully reentering the United States after having been removed in Dec. 2009. U.S. Immigration and Custom’s Enforcement and Removal Operations is the investigative agency. Assistant U.S. Attorney Niko Boulieris is prosecuting the case. 24-CR-332

    James Dernest Mims, Jr. Felon in Possession of a Firearm and Ammunition; Possession of a Stolen Firearm. Mims, 26, of Virginia, is charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies. Additionally, Mims possessed a stolen firearm. The Bureau of Alcohol, Tobacco, Firearms and Explosives and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney Scott Dunn is prosecuting the case. 24-CR-334

    Jesse Lane Mitchell; Jacklyn Paige Roberts. Aggravated Sexual Abuse of a Minor Under 12 Years of Age in Indian Country; Coercion and Enticement of a Minor; Child Neglect in Indian Country. Mitchell, 35, and Roberts, 32, a member of the Cherokee Nation of Oklahoma, both of Collinsville, are charged with knowingly engaging in a sexual act with a minor child under 12 years old between Jan. 2023 and Apr. 2024. Mitchell is further charged with coercing and enticing a minor child under 18 years old to engage in sexual activity. From Jan. 2023 through Aug. 2024, Roberts willfully failed to protect and adequately supervise a child. Homeland Security Investigations and the Collinsville Police Department are the investigative agencies. Assistant U.S. Attorneys Stephanie Ihler and Stephen Scaife are prosecuting the case. 24-CR-342

    Brian Scott Perry. Felon in Possession of a Firearm and Ammunition. Perry, 46, of Tulsa, is charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies. The Bureau of Alcohol, Tobacco, Firearms and Explosives and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorneys Valeria Luster and Matthew Cyran are prosecuting the case. 24-CR-339

    Arlando Maurice Williams. Felon in Possession of a Firearm and Ammunition. Williams, 25, of Sapulpa, is charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies. The Bureau of Alcohol, Tobacco, Firearms and Explosives and the Oklahoma Highway Patrol are the investigative agencies. Assistant U.S. Attorney Niko Boulieris is prosecuting the case. 24-CR-333

    Michael Brandon Williams. Felon in Possession of a Firearm and Ammunition; False Impersonation of an Officer or Employee of the United States. Williams, 43, of Bixby, is charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies. Additionally, Williams was charged with pretending to be an FBI agent. The FBI and Bixby Police Department are the investigative agencies. Assistant U.S. Attorney Adam C. Bailey is prosecuting the case. 24-CR-336

    MIL Security OSI –

  • MIL-OSI Europe: Answer to a written question – Impact of water scarcity on Southern European countries including Greece – E-001657/2024(ASW)

    Source: European Parliament

    The EU provides significant financial support for water related investments: In 2021-2027, EUR 13.2 billion of Cohesion Policy funds[1] is earmarked for water management in the EU, including in drinking water supply with a preference for demand side options before investing in additional supply.

    This includes efficiency measures such as leakage reduction of water networks to reduce water losses. Investment in desalination infrastructure must comply with the Do No Significant Harm Principle and could be considered for regions (e.g. islands) in the framework of integrated water management after demand side options have been exploited and if there is no alternative for drinking water supply.

    EU Cohesion Policy in Greece already supports desalination plants to address water scarcity and the need for increased quality standards. In 2014-2020, EUR 49 million for more than 25 desalination projects in insular Greece were funded[2].

    In 2021-2027, EUR 20 million have been earmarked[3] for investments in sustainable water desalination through an integrated implementation model from the source to citizen’s tap.

    Within Greece’s Recovery and Resilience Plan (RRP)[4], a water regulatory authority has been established with the aim to strengthen the institutional framework, supervise the water sector and ensure the sustainability of water services, while Greece benefits from RRP funding for water supply and water saving infrastructure[5].

    The Common Agricultural Policy (CAP)[6], the EU programme for the environment and climate action[7] and s everal European Missions and Partnerships under Horizon Europe[8] also support water resilience, including EU funded research,[9] to minimise negative environmental effects of the current generation of desalination plants.

    • [1]  https://cohesiondata.ec.europa.eu/stories/s/21-27-Sustainable-water-management/ehce-gj6d
    • [2]  https://anaptyxi.gov.gr/el-gr/
    • [3]  Under the ‘Environment and Climate Change’ programme.
    • [4]  Greece’s Recovery and Resilience Plan https://commission.europa.eu/business-economy-euro/economic-recovery/recovery-and-resilience-facility/country-pages/greeces-re
    • [5]  https://next-generation-eu.europa.eu/index_en
    • [6]  Support under the CAP covers inter alia investments in rainwater harvesting and storage or the use of recycled water for irrigation. https://agriculture.ec.europa.eu/common-agricultural-policy_en
    • [7]  LIFE Programme: https://cinea.ec.europa.eu/programmes/life_en#:~:text=The%20LIFE%20programme%20is%20the%20EU’s%20funding
    • [8]  Of particular relevance are the partnerships ‘Water Security for the Planet’ (https://www.water4all-partnership.eu/ ), the Partnership on Research and Innovation in the Mediterranean Area (PRIMA, https://prima-med.org/ ) together with the Missions ‘Restore our Ocean and Waters by 2030’ (https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe/eu-missions-horizon-europe/restore-our-ocean-and-waters_en ), ‘Adaptation to Climate Change’(https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe/eu-missions-horizon-europe/adaptation-climate-change_en ) and ‘A Soil Deal for Europe’ (https://mission-soil-platform.ec.europa.eu/)
    • [9]  Illustrative is the EU-funded H2020 Wave2O project producing clean water with reduced carbon emissions by using wave-driven desalination systems. Beyond energy consumption/carbon footprint, another area of research focuses on the environmental impact from desalination plants’ discharged brine on marine ecosystems.
    Last updated: 28 October 2024

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – Debate on next EU long term budget with EIB and EU Court of Auditors – Committee on Budgets

    Source: European Parliament

    budget coin © Image used under the license from Adobe Stock

    BUDG members will exchange with Nadia Calviño, President of the European Investment Bank (EIB) and Tony Murphy, President of the European Court of Auditors (ECA), on the lessons learnt from the current EU long-term budget, on the 6th November.

    The debate will feed into the BUDG own-initiative report “A revamped long-term budget for the Union in a changing world”, in which Parliament will set out its priorities and expectations for the next EU long-term budget (post-2027) before the European Commission proposal in 2025.

    MIL OSI Europe News –

  • MIL-OSI: EXL Enterprise AI Platform accelerates generative AI development for clients with NVIDIA AI software

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, announces the launch of its EXL Enterprise AI Platform, a new technology hub designed to support the rapid-scale development and integration of GenAI solutions into client workflows.

    Developed on the NVIDIA AI Enterprise software platform, the EXL Enterprise AI Platform makes it possible to rapidly deploy specialized industry solutions to transform enterprise workflows. It is designed to not only support the creation of new solutions, but also execute and scale their integration into client ecosystems through EXL’s robust data, AI tooling and engineering capabilities.

    The first capabilities launched on the EXL Enterprise AI Platform are the recently announced EXL Insurance Large Language Model (LLM), XTRAKTO.AI, an intelligent document processing solution, a Smart Agent Assist solution, which uses advanced data and AI technologies to transform contact center operations, and Code Harbor™, a GenAI-powered coding solution that is used to modernize legacy applications to current programming languages. By bringing these and other pioneering GenAI solutions together on a single platform, EXL is making it easier for clients to incorporate AI into existing workflows and business processes.

    “The biggest challenges enterprises are facing when it comes to extracting the full value of GenAI solutions are balancing cost, accuracy and latency. It’s not just about having the newest, biggest LLM or the most innovative point solution – businesses need accurate, fast, reliable solutions with a modular architecture that can be implemented cost-effectively and continue to update as technology evolves,” said Anand “Andy” Logani, EXL’s executive vice president and chief digital officer. “At EXL, we have the right mix of data and AI and industry expertise to scale new GenAI capabilities and help our clients integrate them seamlessly into their existing workflows.”

    “Generative AI is creating unprecedented opportunities for enterprises to boost productivity and drive innovation,” said John Fanelli, vice president, Enterprise Software at NVIDIA. “With NVIDIA AI Enterprise software, the EXL Enterprise AI Platform helps enable businesses to rapidly develop and deploy custom generative AI solutions for industry-specific use cases, code and languages as their needs evolve.”

    The solutions on the EXL Enterprise AI Platform are developed using NVIDIA AI models and NVIDIA AI Enterprise software, including the NVIDIA NeMo framework and NVIDIA NIM microservices, which allows them to be rapidly customized and deployed for clients across industries, geographies and languages.

    EXL is also integrating NIM microservices in the EXL Enterprise AI Platform to power existing EXL platforms such as Medconnection, which supports insurance claims and medical underwriting claims processing, and the LifePRO™ digital suite, an insurance underwriting automation tool.

    About EXL

    EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company. We partner with clients using a data and AI-led approach to reinvent business models, drive better business outcomes and unlock growth with speed. EXL harnesses the power of data, analytics, AI, and deep industry knowledge to transform operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 55,000 employees spanning six continents. For more information, visit http://www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

    © 2024 ExlService Holdings, Inc. All rights reserved. For more information go to www.exlservice.com/legal-disclaimer

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

  • MIL-OSI USA: Welch Joins USDA Rural Development and Vermont Bond Bank to Celebrate Vermont’s First Rural Energy Savings Program (RESP) Loan

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    CHARLOTTE, VT– U.S. Senator Peter Welch (D-Vt.), Chair of the Senate Agriculture Subcommittee on Rural Development and Energy, joined the U.S. Department of Agriculture (USDA) Rural Development, Vermont Bond Bank, and community leaders to celebrate Vermont’s first Rural Energy Savings Program (RESP) loan from the federal government, which will invest $40 million to benefit rural communities and school districts with low-interest, long-term financing for clean energy projects. Senator Welch introduced a bipartisan bill to reauthorize RESP and improve the program to help rural utilities maximize the program’s benefits. The bill was included as part of the Senate’s Farm Bill proposal, the Rural Prosperity and Food Security Act.  
    “I’m thrilled to celebrate the closing of USDA’s first RESP loan to a Vermont institution. This RESP loan to the Vermont Bond Bank will save energy costs, reduce carbon emissions, support good jobs in Vermont, and keep investments local. It’s a win for all of us,” said Senator Welch. “I will continue to work towards ensuring my bipartisan Rural Energy Savings Act will pass as part of the Farm Bill to help more folks access low-interest loans for energy projects.” 
    Senator Welch was joined by Michael Gaughan, Executive Director, Vermont Bond Bank; Sarah Waring, USDA RD State Director for Vermont and New Hampshire; Ted Brady, Vermont League of Cities and Towns; Jim Faulkner, Chair of the Charlotte Select Board and Representatives from the Offices of Senator Bernie Sanders (I-Vt.) and Representative Becca Balint (D-Vt.). 
    “Reducing costs for our municipal and education partners also reduces cost for taxpayers in the long term, so this is a terrific use of federal funds,” said Sarah Waring, USDA RD State Director for Vermont and New Hampshire. “Our agency has been pro-active in implementing the mandates of the Biden-Harris Administration to invest in rural communities to save money and build more efficient infrastructure. We’re proud to work with partners like the Vermont Bond Bank, one of the very first financial institutions in the country to close an RD RESP loan, because we share our mission to support economic opportunity and quality-of-life improvements for our communities.” 
    “The Bond Bank’s RESP loan will be a game changer in reducing energy costs for Vermont’s rural villages, towns, and school districts,” said Bond Bank Executive Director Michael Gaughan. “The resulting flexible and low-cost loans will align incentives for communities to enhance both financial and environmental sustainability while also helping to unlock incentives within the Inflation Reduction Act.” 
    The Rural Energy Savings Program provides no-interest loans to rural utilities, electric cooperatives, and related entities to offer affordable financing for rural households and businesses making energy efficiency, electrification, and renewable energy improvements. Financing is most often used to support air sealing, insulation, new space conditioning systems, and new water heaters.   
    Senator Welch’s bipartisan Rural Energy Savings Act would reauthorize RESP and improve the program by providing limited grant funding to rural utilities to offset administrative and program costs, extending the maximum repayment term for loans to consumers to up to 20 years, and expanding eligibility for all households within a rural utility’s service territory. The bill also codifies the ability of “green banks” to access RESP and codifies manufactured housing as an eligible improvement.  
    Created in 1969 as the nation’s first state bond bank, the Bond Bank helps finance and implement crucial municipal infrastructure at lower costs to communities by providing access to more affordable capital. The Bond Bank does this by overcoming gaps in information, scale, and credit to allow cities, towns, villages, school districts, and other forms of government achieve equitable access to capital. This market specialization also helps with expertise in recognizing emerging needs like flood relief and managing federal requirements for faster and easier access to capital. In addition to facilities and infrastructure lending, the Bond Bank also provides post disaster bridge loans and is the financial administrator of the State of Vermont Clean and Drinking Water State Revolving Loan Funds.  
    USDA Rural Development supports infrastructure improvements; business development; housing; community facilities such as schools, public safety and health care; and high-speed internet access in rural, tribal and high-poverty areas. Visit USDA’s Rural Data Gateway to learn how and where these investments are impacting rural America.  
    View photos from the event below:

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: India-Spain Joint Statement during the visit of President of Government of Spain to India (October 28-29, 2024)

    Source: Government of India

    Posted On: 28 OCT 2024 6:32PM by PIB Delhi

    At the invitation of the Prime Minister of India, Shri Narendra Modi, President of the Government of Spain, Mr. Pedro Sanchez paid an official visit to India on 28 -29 October, 2024. This was President Sanchez’s first visit to India and the first visit by a President of the Government of Spain to India after 18 years. He was accompanied by the Minister of Transport and Sustainable Mobility and the Minister of Industry and Tourism, and a high-level official and business delegation.

    The two leaders noted that this visit has renewed the bilateral relationship, infusing it with fresh momentum and setting the stage for a new era of enhanced cooperation between the two countries across various sectors. They also expressed satisfaction at the progress of bilateral relations since Prime Minister Modi’s visit to Spain in 2017. Both leaders instructed their teams to continue upgrading the bilateral agenda further and forging cooperation in all dimensions of political, economic, security, defence, people-to-people and cultural cooperation.

    President Sanchez was granted a cultural welcome, and held delegation level talks with Prime Minister Modi at Vadodara.He also visited Mumbai where he interacted with prominent business leaders, cultural figures and representatives of the Indian film industry.

    President Sanchez and Prime Minister Modi jointly inaugurated the Final Assembly Line Plant of C-295 aircraft co-produced by Airbus Spain and Tata Advanced Systems Ltd. at Vadodara. This plant will roll out the first ‘Made in India’ C295 aircraft in 2026, out of a total of 40 aircrafts to be manufactured in India. Airbus Spain is also delivering 16 aircrafts in ‘fly-away’ condition to India, out of which 6have already been delivered to the Indian Air Force.

    Political, Defence, and Security Cooperation

    1. The two leaders reviewed the warm and cordial bilateral ties between the two countries and highlighted that the foundation of the growing partnership lies in the shared commitment to democracy, freedom, rule of law, a fair and equitable global economy, a more sustainable and resilient planet, a rules-based international order and enhanced and reformed multilateralism. They also highlighted the enduring historical ties and long-standing friendship between the two nations as central to this cooperation.

    2. Both leaders emphasised that regular high-level interaction is giving momentum to the partnership. They noted that the ongoing bilateral cooperation between the foreign, economy and commerce and defence ministries is working well, and stressed the importance of holding regular dialogues between the concerned ministries/agencies of the two sides with a view to strengthening and diversifying bilateral cooperation in key areas of defence, security including cyber security, trade and economic issues, culture, tourism, education and people-to-people ties.

    3. Both leaders expressed satisfaction on the progress made in the C-295 aircraft project as a symbol of the growing defence industrial cooperation between the two countries. In line with this growing partnership, and in recognition of the advanced capabilities and competitiveness of the Spanish defence industry and its contribution to the goals of the ‘Make in India’ initiative, they encouraged their respective defence industries in other sectors to set up similar joint projects in India.

    Economic and Commercial Cooperation

    4. President Sanchez and Prime Minister Modi welcomed the recent positive developments in bilateral trade and investment partnership, buoyed by the positive economic outlook in both countries and called for stronger ties between the businesses of the two countries.

    5. Prime Minister Modi congratulated President Sanchez on the growth and the resilience of the Spanish economy. President Sanchez complimented Prime Minister Modi on India’s fast economic growth and lauded the various government initiatives to promote a business-friendly environment. President Sanchez highlighted Spain’s commitment to the ‘Make in India’ initiative through the activities of about 230 Spanish companies present in India. Both leaders reiterated their strong support for an open rules-based multilateral trading system, and a business-friendly investment scenario in both countries.

    6. Recognizing the expertise of Spanish companies in areas such as energy, including renewables, nuclear, and smart grids, food processing, healthcare and health services, automotive and transport infrastructure, including trains, roads, ports and transport network management, the two leaders welcomed further collaboration in these areas. President Sanchez welcomed the positive contributions being made by Indian companies to the Spanish economy in fields such as information technology, pharmaceuticals and automobile and auto components. Both leaders welcomed the establishment of a ‘Fast Track Mechanism’ to facilitate mutual investments in India and Spain.

    7. The two leaders took note of the progress made by the 12th session of the India-Spain ‘Joint Commission for Economic Cooperation’ (JCEC) held in 2023 and agreed to convene the next session of the JCEC in Spain in early 2025. In this context, they also agreed on the importance of deepening economic ties and exploring strategic cooperation in key sectors such as renewable energy, technology, and sustainable infrastructure. The two leaders looked forward to an early conclusion of Memorandum of Understanding on Urban Sustainable Development.

    8. Both leaders welcomed the Second meeting of the India-Spain CEOs Forum as well as India-Spain Business Summit in Mumbai on October 29, 2024,to promote trade and investment cooperation between the two countries.

    9. Both leaders recognized the vital importance of innovation and the startup ecosystems in driving forward the bilateral partnership and called for all such opportunities to be explored in mutual interest. They encouraged relevant agencies of both countries to work to deepen any such exchanges in the future, including through frameworks such as Rising Up in Spain and the Startup India initiative.

    10. The two leaders expressed satisfaction at the signing of a Memorandum of Understanding on cooperation in the field of rail transport and the agreement of cooperation and mutual assistance in customs matter.

    11. The leaders acknowledged the role of tourism in driving economic and business opportunities and enhancing understanding between the people of both countries and agreed that it should be further promoted. Both leaders welcomed the interest shown by airlines to establish direct flights between Spain and India.

    The Year 2026 as India-Spain Year of Culture, Tourism and AI

    12. Taking into account the deep relationship between India and Spain and the long lasting friendship between the two peoples, Prime Minister Modi, and President Pedro Sanchez, have agreed to make 2026 as the Year of India and Spain in Culture, Tourism and Artificial Intelligence (AI).

    13. During the year, both sides will make the maximum effort to boost the cultural presence of the other in their museums, art, fairs, film, festivals, literature, meetings of architects and circles of debate and thought.

    14. Likewise, special attention will be paid to ways of increasing tourist flows, promote reciprocal investments and share experiences in the many areas of hospitality, architecture, cuisine, marketing, both in urban and rural tourism, which benefits harmonious development and improvement for both countries.

    15. In accordance with the G20 New Delhi Leaders Declaration, India and Spain can play a very important role for the use of AI for good and its positive implementation in many fields. Both countries commit to hold during the year, events to foster positive use of AI and will work for the practical implementation of new advances in the field of AI in the productive economy.

    16. To mark the importance of this initiative, both leaders directed the concerned stakeholders to celebrate the year in the respective countries in the most befitting manner.

    Cultural and People-to-People Ties

    17. The two leaders acknowledged the role of cultural ties in bringing nations closer and lauded the rich and diverse cultural heritage of India and Spain. They appreciated the long-standing cultural exchanges and enrichment between India and Spain, particularly the role of Spanish Indologists and Indian Hispanists. They welcomed the signing of a Cultural Exchange Program to promote bilateral exchanges in music, dance, theatre, literature, museums and festivals.

    18.The two leaders applauded the growing interest in the study of the cultures and languages of both countries. Spanish is among popular foreign languages in India. They stressed the mutual interest in further strengthening India – Spain cultural cooperation and the reinforcement of cooperation among cultural institutions of both countries such as Instituto Cervantes in New Delhi and Casa de la India in Valladolid.

    19. The two leaders welcomed the establishment of the ICCR Chairs on Hindi and on Indian Studies at the University of Valladolid. India is bringing transformational changes in education sector in India under National Education Policy (NEP) 2020. In this context, Prime Minister Modi encouraged leading Spanish universities to strengthen academic and research partnership with Indian institutions; build institutional linkages through joint/dual degree and twinning arrangements and explore the possibility of setting up branch campuses in India.

    20. President Sanchez is also giving the keynote address at the 4th Spain-India Forum, co-organized by Spain-India Council Foundation and Observer Research Foundation, in Mumbai. The leaders recognized the valuable contributions of this institution, which has a complementary role to that of governments in strengthening the links between Indian and Spanish civil societies, companies, think tanks, administrations and universities, helping to enhance bilateral ties by fostering a strong partnership between their members and its activities and bringing the two countries together in order to increase their mutual knowledge.

    21. The two leaders welcomed the installation at Valladolid of the bust of Gurudev Rabindranath Tagore gifted to the people of Spain by ICCR and the placing of the translated works of Tagore in the vaults of Instituto Cervantes in Madrid which is a testament to increasing cultural connect between peoples of the two countries.

    22. The two sides noted with satisfaction the growing cooperation in the field of film and audio-visuals, with India being the Guest Country at the SEMINCI International Film Festival in 2023, and the award of the IFFI Satyajit Ray Lifetime Achievement to the legendary Spanish director Carlos Saura. Acknowledging the large film and audio-visual industries in India and Spain, both leaders agreed that the scope of collaboration between the two countries under the Audio-Visual Co-Production Agreement can be enhanced and welcomed the creation of a Joint Commission to improve cooperation between the two countries in the audiovisual field and promote and facilitate the co-production of films.

    23. To enhance people-to-people ties and consular services in two countries, the two leaders welcome the operationalisation of India’s first Consulate General in Spain at Barcelona and the decision to open Spain’s Consulate General in Bengaluru.

    EU and India relations

    24. Prime Minister Modi and President Sanchez reaffirmed their commitment to strengthening the India-EU Strategic Partnership and to advancing the EU-India triple negotiations of comprehensive Free Trade Agreement, Investment Protection Agreement and Geographical Indications Agreement.

    25. They agreed to enhance their collaboration to fully realize the objectives of the EU-India Connectivity Partnership, and recognized the potential of the India-Middle East-Europe Economic Corridor Project (IMEEC) to boost connectivity between India and Europe. They explored avenues for cooperation among regional countries in areas such as trade, investment, technology, energy, logistics, ports, and infrastructure development.

    Global Issues

    26. The leaders expressed their deepest concern over the war in Ukraine and reiterated the need for a comprehensive, just and lasting peace in line with international law, and consistent with the purposes and principles of the UN Charter, including respect for sovereignty and territorial integrity. They underlined the importance of dialogue and diplomacy as well as earnest engagement between all stakeholders to achieve a sustainable and peaceful resolution of the conflict. Both sides agreed to remain in touch to support efforts aimed at negotiated settlement of the conflict.

    27.They shared their firm commitment to achieving peace and stability in the Middle East, and expressed their deep concern at the escalation of security situation in West Asia and called for restraint by all concerned. They urged that all issues be addressed through dialogue and diplomacy. The two leaders unequivocally condemned the terror attacks on Israel on October 7, 2023, and agreed that the large-scale loss of civilian lives and the humanitarian crisis in Gaza is unacceptable and must end as soon as possible. They called for the immediaterelease of all hostages, immediate ceasefire and safe, sustained entry of humanitarian aid into Gaza. They emphasized the urgent need to protect the lives of civilians and urged all parties to comply with international law. They reiterated their commitment to the implementation of the two State solution,leading to the establishment of a sovereign, viable and independent state of Palestine, living within secure and mutually recognized borders, side by side in peace and security with Israel as well as their support for Palestine membership at the United Nations.

    28. Both sides reiterated their concern on escalation and violence in Lebanon, and the security situation along the Blue Line and reaffirmed their commitment to the full implementation of UNSC Resolution 1701. As major troop contributing countries, they condemned the attacks on UNIFIL and highlighted that the safety and security of peacekeepers are of paramount importance and must be ensured by all. Inviolability of UN premises and the sanctity of their mandate must be respected by all.

    29. Both sides emphasized the promotion of a free, open, inclusive, peaceful, and prosperous Indo-Pacific, anchored in a rules-based international order, mutual respect for sovereignty, and the peaceful resolution of disputes, supported by effective regional institutions. They highlighted the importance of unimpeded commerce and freedom of navigation, in compliance with international law, particularly the United Nations Convention on the Law of the Sea (UNCLOS) 1982. Both sides acknowledged India’s invitation to Spain to participate in the Indo-Pacific Oceans Initiative (IPOI) for collaborative efforts aimed at the management, conservation, sustainability, security, and development of the maritime domain in the Indo-Pacific. They also recognized the complementarity between India’s Indo-Pacific Vision and the EU Strategy for Cooperation in the Indo-Pacific.

    30. Noting the growing political and commercial relations between India and Latin American region and the historical, economic and cultural links it shares with Spain, both leaders recognized the immense potential of triangular cooperation for investments and development in the region. Spain welcomed India’s application to join the Ibero-American Conference as an Associate Observer, which will offer a platform to strengthen the ties with Latin American countries. Both sides committed to finalise the process by the Ibero-American Summit, to be held in Spain in 2026, so that India may actively participate in the activities of Spain´s Pro Tempore Secretariat.

    International and Multilateral Cooperation

    31. Both leaders agreed to enhance cooperation and coordination within the United Nations, including the UN Security Council (UNSC), and other multilateral forums. They emphasized the importance of a rules-based international order for ensuring global peace and development. Both sides committed to advancing multilateralism that reflects present-day realities, making international organizations, including the UNSC, more representative, effective, democratic, accountable and transparent. India expressed its support for Spain’s UNSC candidature for the term 2031-32, while Spain expressed its support for India’s candidature for the period 2028-29.

    32. Both leaders look forward to the Fourth International Conference on Financing for Development to take place in 2025 in Sevilla (Spain) as a critical opportunity to identify priority actions to help close the resource gap needed to implement the Sustainable Development Goals.

    33. President Sanchez congratulated Prime Minister Modi on the exemplary chairmanship of G20, which successfully and inclusively addressed important and complex Global South issues. Prime Minister Modi appreciated the valuable contributions made by Spain to the discussions as a Permanent Invitee to the G20.

    34. The two leaders agreed to strengthen cooperation in promoting sustainable energy and adapting to climate change. They recognize the urgency of accelerating global actions to combat climate change and commit to collaborating in the context of the upcoming Climate Summit in Baku (COP29) to achieve an ambitious outcome including on a New Collective Quantified Goal on Climate Finance that helps achieve the temperature goal of Paris Agreement. They also highlighted the need topromote actions to strengthen countries’ resilience and adaptation capacities in the face of the increasing impacts of climate change worldwide. The two leaders looked forward to the early conclusion of Memorandum of Understanding in the field of Renewable Energy. Prime Minister Modi appreciated Spain’s commitment towards a green transition and welcomed Spain to the International Solar Alliance. President Sanchez appreciated advances made by India in achieving the renewable energy goals much ahead of the target year. Both leaders also agreed that a concerted global effort would be needed in order to address climate change concerns. Both sides will respond positively to the outcomes of COP28, including the first Global Stocktake in light of national circumstances.

    35. Spain has invited India to join IDRA, the International Drought Resilience Alliance, which was launched in 2022, a platform to promote concrete actions to reduce the vulnerability of countries, cities and communities to drought through preparedness and adaptation measures.

    36.Both leaders unequivocally condemned terrorism and violent extremism in all its forms and manifestations, including the use of terrorist proxies and cross-border terrorism. Both sides agreed that terrorism remains a serious threat to international peace and stability, and called for bringing the perpetrators of all terrorist attacks to justice without delay. They urged all countries to take immediate, sustained and irreversible action to prevent territory under their control from being used for terrorist purposes, and stressed the need for firm implementation of relevant resolutions of the UN Security Council, as well as the implementation of the UN Global Counter-Terrorism Strategy. They also called for concerted action against all terrorist groups proscribed by the UNSC including Al Qa’ida, ISIS/Daesh, Lashkar-e-Tayyiba (LeT), Jaish-e-Mohammad (JeM) and their proxy groups. Prime Minister Modi appreciated Spain’s multilateral initiatives in support of the Victims of Terrorism and their empowerment.

    37. President Sanchez thanked Prime Minister Modi for the warm reception and hospitality extended to him and his delegation during the visit, and invited him to undertake a visit to Spain in the near future.

     

    ***

    MJPS/SR

    (Release ID: 2068963) Visitor Counter : 44

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: List of Outcomes: Visit of the President of the Government of Spain, H.E. Mr. Pedro Sanchez, to India (October 28-29, 2024)

    Source: Government of India

    Posted On: 28 OCT 2024 6:30PM by PIB Delhi

    S.No. Outcomes

    1.

    Joint Inauguration of the Final Assembly Line Plant of C295 Aircraft in Vadodara that has been built by Tata Advanced Systems in collaboration with Airbus Spain.

    2.

    MoU on Cooperation in the field of Rail Transport

    3.

    Agreement on Cooperation and Mutual Assistance in Customs Matters

    4.

    Cultural Exchange Programme for the years 2024-2028

    5.

    Announcement of the Year 2026 as India-Spain Year of Culture, Tourism and AI

    6.

    Announcement for establishment of Spanish Consulate in Bengaluru and operationalisation of Indian Consulate in Barcelona

    7.

    Setting up of Fast Track Mechanism in DPIIT India and in Directorate General of International Trade and Investment, Ministry of Economy, Trade and Business in Spain, for facilitating mutual investments in India and Spain.

    8.

    Creation of Joint Commission under the Audio Visual Co-Production Agreement

     

    ***

    MJPS/SR

    (Release ID: 2068960) Visitor Counter : 38

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SAIL observes Vigilance Awareness Week 2024

    Source: Government of India (2)

    Posted On: 28 OCT 2024 5:00PM by PIB Delhi

    Steel Authority of India Limited (SAIL) today inaugurated Vigilance Awareness Week (VAW) from 28th October till 3rd November, 2024 to promote integrity, transparency and ethical practices in SAIL. The program commenced at SAIL’s Corporate Office with Shri Amarendu Prakash, Chairman, SAIL, Shri VS Chakravarthy, Director (Commercial), Shri AK Tulsiani, Director (Finance), Shri KK Singh, Director (Personnel), Shri AK Singh, Director (Technical, Projects & Raw Materials) and Shri SN Gupta, CVO, SAIL offering floral tributes to Bharat Ratna Sardar Vallabh Bhai Patel. Thereafter, Integrity pledge was administered by Shri Amarendu Prakash, Chairman, SAIL to the SAIL collective.

    The VAW will see an array of activities across SAIL Plants and Units aimed at reinforcing ethical standards within SAIL. These activities include slogan writing, quiz, painting competitions and interactive sessions among others. SAIL employees, family members and students across SAIL Plants and Units will be participating in these activities. During the VAW Campaign period (from 15th August to 15th November, 2024), various outreach programmes such as Gram Sabhas, Vendor meets, programmes / activities by Ethics Clubs in SAIL townships are being conducted in SAIL Plants and Units to create awareness among stakeholders & school children.

    Shri Amarendu Prakash addressed the SAIL collective and said, “Integrity is not just about compliance, it is about building a culture where ethical behavior is second nature. Our commitment to integrity and transparency is an important factor in driving our organization’s success”. Shri S N Gupta, CVO, SAIL while addressing the gathering, highlighted the need for review of existing systems and procedures with a view to enhance transparency & accountability.

    ****

    MG/SK

    (Release ID: 2068895) Visitor Counter : 41

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: Man arrested over Paradise house fire

    Source: South Australia Police

    A man was arrested after a fire at a Paradise home overnight.

    Emergency services were called to a house in Leewood Road, Paradise about 12.30am on Tuesday 29 October after reports of a fire.

    The two men inside the property were able to escape the building without injury.  One of the occupants then left the scene before emergency services arrived.

    MFS crews were able to quickly extinguish the fire, which was contained to a single bedroom.

    There was significant damage caused to the room and smoke damage throughout the house.

    Following investigations, a 43-year-old man, who resides at the property, was arrested nearby and charged with arson and acts likely to cause harm.

    He was refused police bail and will appear in the Adelaide Magistrates Court today.

    Eastern District CIB detectives and crime scene investigators will attend the scene this morning.

    Investigations are ongoing.

    Anyone with information that may assist the investigation is asked to contact Crime Stoppers on 1800 333 000 or online at www.crimestopperssa.com.au

    MIL OSI News –

  • MIL-OSI USA: State leverages over $200 million in federal funding through $57.81 million in matching grants to 37 public entities

    Source: US State of New Mexico

    SANTA FE — The New Mexico Department of Finance and Administration (DFA) awarded $57.81 million in matching grants to 37 public entities, leveraging over $200 million in federal funding for 57 projects. Of the grants, 54% went to rural areas, including Lincoln County and the Mescalero Apache Tribe for fire recovery.

    This first cycle of the New Mexico Match Fund supported 33 infrastructure, eight energy, four public safety, four emergency response, and eight general projects at 1 to 4 state-to-federal leveraged dollars. DFA began accepting applications on June 16, 2024.

    “This investment is a commitment to the resilience and growth of our rural communities,” said Gov. Michelle Lujan Grisham. “By removing barriers to federal resources, we are paving the way for sustainable development and improved infrastructure across New Mexico.”

    Enacted earlier this year, HB 177 created the New Mexico Match Fund to leverage once-in-a-generation federal funding for infrastructure, research, economic development, the energy transition, and other projects to leverage resources for the benefit of New Mexico.

    “The New Mexico Match Fund has already jumpstarted dozens of vital infrastructure, rural development, and public safety projects in its first four months,” said HB177 sponsor Representative Meredith A. Dixon. “This transformational program will continue to pay dividends for decades to come by improving our roads, strengthening communities statewide, and creating good-paying jobs for New Mexicans along the way.”

    “I am happy to see these much-needed funds for our local governments be put to use,” said HB177 sponsor Representative Gail Armstrong. “Local governments, especially in rural communities, are too often lacking matching resources to secure federal grants. The New Mexico Match Fund has now provided several underserved communities access to often missed federal funding opportunities.”

    “The New Mexico Match Fund is a prime example of how our executive and legislative collaboration can create meaningful assistance for our rural communities, as we’ve provided $31 million to rural entities in the first four months,” said DFA Cabinet Secretary Wayne Propst.

    With an initial appropriation of $75 million, and pursuant to the new law, DFA developed three grant programs providing eligible entities with a reliable and nimble source of funding to increase competitiveness for hundreds of federal grant program opportunities that require local match. Programs include the Matching Grant, Project Implementation Grant, and Federal Compliance Offset Grant. Earlier this year, the Village of Los Lunas received a $3 million Federal Compliance Offset Grant to help cover increased project costs associated with federal requirements tied to a U.S. Department of Transportation grant for the I-25 Interchange project.

    “Thanks to the New Mexico Match Fund, we can make available resources to provide our residents with the tools they need to succeed in today’s technology-driven landscape,” said Kevin Winner, Information Technology Director of the Pueblo of Jemez. “Our community has long recognized the necessity of digital access for growth and development.”

    Highlighted projects:

    • City of Gallup — The matching grant of $5,000,000 will leverage a $40,000,000 federal award for the Allison Road Corridor Part A Construction project, improving mobility and increasing safety for Gallup residents.
    • Lincoln County — The matching grant of $12,500,000 will leverage a $50,000,000 federal award for flood mitigation from South Fork and Salt Fires from the National Resource Conservation Service’s Emergency Watershed Protection Program.
    • Mescalero Apache Tribe — The matching grant of $2,392,750 will leverage a $21,834,750 federal award for flood mitigation from South Fork and Salt Fires from the National Resource Conservation Service’s Emergency Watershed Protection Program.
    • Santa Fe-Pojoaque Soil & Water Conservation District — The matching grant of $7,440,000 will leverage a $14,300,000 federal award from the National Resource Conservation Service’s Watershed Rehabilitation Program to repair Santa Cruz Dam Site-1.

    Full list of Matching Grant awarded entities:

    • Acequia Del Llano (Santa Cruz)
    • Bernalillo County
    • Central New Mexico Community College
    • City of Albuquerque
    • City of Carlsbad
    • City of Gallup
    • City of Lovington
    • City of Santa Fe
    • City of Socorro
    • Curry County
    • Doña Ana County
    • East Rio Arriba Soil and Water Conservation District
    • Eastern Plains Council of Governments
    • Energy, Minerals and Natural Resources Department, State Parks Division
    • Incorporated County of Los Alamos
    • Lincoln County
    • McKinley County
    • Mescalero Apache Tribe
    • Mora County
    • New Mexico Department of Finance and Administration, Local Government Division
    • New Mexico Higher Education Department, Adult Education Division
    • New Mexico Highlands University
    • New Mexico Institute of Mining and Technology
    • New Mexico Department of Transportation
    • New Mexico State University
    • North Central New Mexico Economic Development District
    • North Central Regional Transit District
    • Pueblo of Santa Ana
    • Pueblo of Jemez
    • Regina Mutual Domestic Water Consumers Association
    • San Juan County
    • Santa Fe, Pojoaque Soil & Water Conservation District
    • South Central Regional Transit District
    • Taos Pueblo
    • University of New Mexico
    • Village of Cimarron
    • Village of Logan
    • Village of Ruidoso

    Click to view list with project information.

    DFA is still accepting applications from public entities at the New Mexico Match Fund webpage.

    MIL OSI USA News –

  • MIL-OSI Security: Leader of Middle Georgia Armed Drug Trafficking Organization Pleads Guilty

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    MACON, Ga. – A Macon resident with a prior federal conviction who is the leader of an armed drug trafficking organization based in Middle Georgia faces a maximum of life in prison for supplying large quantities of methamphetamine.

    Julian Derwayne Coker aka “Red” aka “Bread Red,” 43, of Macon, pleaded guilty to one count of possession with intent to distribute methamphetamine on Oct. 22, and faces a mandatory minimum of 15 years up to a maximum of life in prison to be followed by ten years of supervised release and a $20,000,000 fine.

    The following codefendants have pleaded guilty and/or been sentenced:

    Jonathan Kelly McBride, 49, of Macon, pleaded guilty to one count of conspiracy to possess with intent to distribute methamphetamine on Oct. 23, and faces a maximum of 20 years in prison to be followed by three years of supervised release and a $1,000,000 fine;

    Rodney Sentell Hardin aka “Rod,” 44, of Macon, pleaded guilty to one count of distribution of methamphetamine on Oct. 9, and faces 20 years in prison to be followed by three years of supervised release and a $1,000,000 fine;

    Lisa Nanette McNeer, 47, of Macon, pleaded guilty to one count of possession of methamphetamine with intent to distribute on Oct. 22, and faces 20 years in prison to be followed by three years of supervised release and a $1,000,000 fine; and

    Erin Marie Jones, 49, of Macon, pleaded guilty to one count of conspiracy to possess with intent to distribute methamphetamine on June 5, and was sentenced to serve 48 months in prison to be followed by three years of supervised release on Sept. 5.

    U.S. District Judge Marc Treadwell is presiding over this case. For those awaiting sentencing, the dates of their hearings will be determined by the Court. There is no parole in the federal system. 

    “Armed drug trafficking organizations promote violence and sow chaos in our communities,” said U.S. Attorney Peter D. Leary. “Our office is committed to disrupting criminal networks, reducing gun violence and building safer communities.”

    “The streets are safer, and Georgians can sleep a little easier knowing that these armed drug dealers are locked up and their days of peddling drugs in our communities are over,” said Supervisory Senior Resident Agent Robert Gibbs of FBI Atlanta’s Macon office. “The FBI remains committed to combatting drug trafficking and taking armed violent criminals off the streets through our joint efforts with our law enforcement partners.” 

    “Drug trafficking organizations disrupt society and poison our communities with violence and illegal drugs,” said GBI Director Chris Hosey. “Their actions threaten the safety of the citizens of Georgia, and the GBI and our partners will not allow these organizations to go unchecked. This case is an example of this commitment to protect the communities of Georgia and hold criminals accountable.”

    According to court documents and statements made public in court, the FBI began investigating Coker’s drug trafficking organization (DTO) in 2022, which led to multiple controlled purchases of methamphetamine from Coker and Hardin and other investigative actions. Sales of illegal drugs occurred on Feb. 13, 2022, and March 24, 2022, with Hardin selling methamphetamine he obtained from Coker to a confidential source.

    Coker sold methamphetamine to a confidential source five times between June and Sept. 2022 at locations in Macon. Wiretaps revealed that Coker was supplying methamphetamine to Hardin and other individuals. Agents executed multiple search warrants on Nov. 15, 2022, including at Coker’s residence on Forsyth Road. Agents found methamphetamine in pill and crystal forms stashed in an air fryer and a bag in the kitchen. The crystal methamphetamine weighed 11,166.01 grams and ranged in purity from 96% to 100%; the pressed pill methamphetamine weighed 79.87 grams. Agents found a 9mm pistol inside of a jacket embroidered with Coker’s alias “Bread Red” and seized $13,891. In all, Coker’s DTO is responsible for the distribution of dozens of kilograms of methamphetamine. Coker has a criminal history, including a prior federal controlled substance distribution conviction.

    This effort is part of an Organized Crime Drug Enforcement Task Force (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven and multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    The case was investigated by the FBI and the Georgia Bureau of Investigation (GBI).

    Assistant U.S. Attorney Joy Odom is prosecuting the case for the Government.

    MIL Security OSI –

  • MIL-OSI Security: Former Federal Employee Faces up to Five Years in Prison for Mishandling Classified Materials

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    AUGUSTA, GA:  A former employee of a U.S. Department of Defense component agency faces up to five years in federal prison after pleading guilty to mishandling sensitive documents.

    Margaret Anne Ashby, 26, of Henderson, Nevada, awaits sentencing after pleading guilty to an Information charging her with Unauthorized Removal/Retention of Classified Documents, said Jill E. Steinberg, U.S. Attorney for the Southern District of Georgia. The guilty plea subjects Ashby to a sentence of up to five years in federal prison, along with substantial financial penalties, and up to three years of supervised release upon completion of any prison term. There is no parole in the federal system.

    “Maintaining confidentiality of sensitive government documents is essential to protecting our citizens,” said U.S. Attorney Steinberg. “Those who are granted the privilege of working with such material are well aware of the rules regarding the safekeeping of these documents, and also are aware of the consequences for failing to comply with those rules.”

    As described in the plea agreement, starting in March 2020, Ashby was a civilian employee of a Department of Defense component agency located in the Southern District of Georgia, and during this time held a Top Secret security clearance as required for her employment.

    From February 2022 to May 2022, Ashby, without authority, knowingly removed documents and materials containing classified information “concerning the national defense or foreign relations of the United States . . . with the intent to retain them at unauthorized locations, including her residence in the Southern District of Georgia and in digital files saved via a personal computing device located in the Southern District of Georgia.”

    U.S. District Court Judge J. Randal Hall will schedule a sentencing hearing for Ashby upon completion of a pre-sentence investigation by U.S. Probation Services.

    “When people violate the trust given to them to safeguard our nation’s intelligence, they put our country at risk,” said FBI Atlanta Assistant Agent in Charge Brian Ozden. “The FBI and our law enforcement partners will seek to hold accountable those who knowingly and willfully mishandle classified information.”

    The case was investigated by the FBI, and prosecuted for the United States by Southern District of Georgia Assistant U.S. Attorneys L. Alexander Hamner and Darron J. Hubbard, and Trial Attorney David J. Ryan with the U.S. Department of Justice Counterintelligence and Export Control Section. 

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorney Leary Announces Appointment of District Election Officers

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    MACON, Ga. – Middle District of Georgia U.S. Attorney Peter D. Leary announced today that he has appointed two District Election Officers (DEO) to lead the efforts of the office in connection with the Justice Department’s nationwide Election Day Program for the upcoming Nov. 5, 2024, general election.

    The DEOs are responsible for overseeing the district’s handling of Election Day complaints of voting rights concerns, threats of violence to election officials or staff, and election fraud in consultation with Justice Department Headquarters in Washington.

    “Every citizen must be able to vote without interference or discrimination and to have that vote counted in a fair and free election,” said U.S. Attorney Leary. “Similarly, election officials and staff must be able to serve without being subject to unlawful threats of violence. The Department of Justice will always work tirelessly to protect the integrity of the election process.”

    The Department of Justice has an important role in deterring and combating discrimination and intimidation at the polls, threats of violence directed at election officials and poll workers, and election fraud. The Department will address these violations wherever they occur. The Department’s longstanding Election Day Program furthers these goals and seeks to ensure public confidence in the electoral process by providing local points of contact within the Department for the public to report possible federal election law violations.

    Federal law protects against such crimes as threatening violence against election officials or staff, intimidating or bribing voters, buying and selling votes, impersonating voters, altering vote tallies, stuffing ballot boxes and marking ballots for voters against their wishes or without their input. It also contains special protections for the rights of voters and provides that they can vote free from interference, including intimidation and other acts designed to prevent or discourage people from voting or voting for the candidate of their choice. The Voting Rights Act protects the right of voters to mark their own ballot or to be assisted by a person of their choice (where voters need assistance because of disability or inability to read or write in English).   

    “The franchise is the cornerstone of American democracy. We all must ensure that those who are entitled to the franchise can exercise it if they choose and that those who seek to corrupt it are brought to justice,” said U.S. Attorney Leary. “In order to respond to complaints of voting rights concerns and election fraud during the upcoming election, and to ensure that such complaints are directed to the appropriate authorities, the DEOs will be on duty in this district while the polls are open. The DEOs can be reached by the public at the following telephone number, 478-621-2698, or by email at USAGAM.DEO@usdoj.gov.”

    In addition, the FBI will have special agents available in each field office and resident agency throughout the country to receive allegations of election fraud and other election abuses on election day. The local FBI field office can be reached by the public by calling 1-800-CALL-FBI (1-800-225-5324) or by email at tips.fbi.gov.

    Complaints about possible violations of the federal voting rights laws can be made directly to the Civil Rights Division in Washington by complaint form at https://civilrights.justice.gov/ or by phone at 800-253-3931.

    “Ensuring free and fair elections depends in large part on the assistance of the American electorate. It is important that those who have specific information about voting rights concerns or election fraud make that information available to the Department of Justice,” said U.S. Attorney Peter D. Leary.

    Please note, however, that in the case of a crime of violence or intimidation, please call 911 immediately and before contacting federal authorities. State and local police have primary jurisdiction over polling places, and almost always have faster reaction capacity in an emergency.

    MIL Security OSI –

  • MIL-OSI Security: Two Former Richmond County Deputies Plead Guilty to Violating Civil Rights of Jail Detainee

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    AUGUSTA, GA:  Two former Richmond County Sheriff’s Office deputies have pled guilty to federal civil rights charges involving an assault on a jail detainee.

    Daniel D’Aversa, 52, and Melissa Morello, 27, await sentencing after each pled guilty to an Information charging them with Deprivation of Civil Rights Under Color of Law. The guilty plea subjects each defendant to a possible sentence of up to 10 years in federal prison, along with substantial fines and restitution, followed by up to three years of supervised release upon completion of any prison term.

    There is no parole in the federal system.

    Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division and U.S. Attorney Jill E. Steinberg for the Southern District of Georgia Acting Special Agent in Charge Sean Burke of the FBI Atlanta Field Office made the announcement.

    As described in the plea agreements, Morello was a jailer at Richmond County’s Charles D. Webster Detention Center, and D’Aversa was a corporal with the Richmond County Sheriff’s Office. Both were at the jail on May 7, 2022, working with other Richmond County Sheriff’s Office jailers and deputies to secure inmates who had caused flooding in a section of the jail.

    A pretrial detainee, referred to in court documents as Victim 1, was handcuffed face-down in the jail when D’Aversa and Morello shouted to other staff members that Victim 1 wanted his handcuffs removed. Morello then “attempted to unlock Victim 1’s handcuffs so that another employee would have an excuse to go hands-on with him,” and when Morello was unsuccessful, a deputy listed as Deputy 2 then unlocked and removed the handcuffs.

    A deputy listed as Deputy 1 then “repeatedly punched Victim 1 and placed him in a chokehold. … During Deputy 1’s assault on Victim 1,” and both Morello and D’Aversa “failed to intervene to stop or attempt to stop the assault,” despite having the opportunity to do so.

    U.S. District Court Judge J. Randal Hall will schedule sentencing for D’Aversa and Morello upon completion of pre-sentence investigations by U.S. Probation Services.

    The case is being investigated by the FBI, and prosecuted for the United States by Southern District of Georgia Assistant U.S. Attorney George J.C. Jacobs III and Anita T. Channapati of the U.S. Department of Justice Civil Rights Division. 

    MIL Security OSI –

  • MIL-OSI Security: Five Defendants Involved in String of Violent Crimes, Drug and Gun Offenses, and Money Laundering Have Been Sentenced

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    Louisville, KY – A fifth defendant was sentenced this week to 30 years in federal prison for his role in numerous felony offenses, including kidnapping, robbery, drug trafficking, and money laundering. Several other defendants were previously sentenced on the charges.

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge Michael E. Stansbury of the FBI Louisville Field Office, Chief Paul Humphrey of the Louisville Metro Police Department, Sheriff Walt Sholar of the Bullitt County Sheriff’s Office, and Sheriff John E. Aubrey of the Jefferson County Sheriff’s Office made the announcement.

    According to court documents, Dayton Peterson, 24, of Louisville, was sentenced on October 22, 2024, to 30 years in prison, followed by 5 years of supervised release, for kidnapping, impersonator making arrest or search, robbery, using or carrying a firearm during and in relation to a crime of violence, conspiracy to possess with intent to distribute cocaine and heroin, possession with intent to distribute cocaine and heroin, possession of a firearm in furtherance of a drug trafficking crime, and engaging in monetary transactions derived from a specified unlawful activity.

    Joshua Lohden, 26, of Louisville was sentenced on July 24, 2024, to 22 years in prison, followed by 5 years of supervised release, for kidnapping, impersonator making arrest or search, possession of a firearm in furtherance of a drug trafficking crime, and robbery.

    David Langdon, 39, of Louisville was sentenced on September 11, 2024, to 11 years and 5 months in prison, followed by 5 years of supervised release, for kidnapping, impersonator making arrest or search, robbery, possession with intent to distribute methamphetamine, cocaine, and fentanyl, possession of a firearm by a convicted felon, and possession of a firearm in furtherance of a drug trafficking crime.  On or about August 23, 2022, Langdon was prohibited from possessing a firearm because he had previously been convicted of the following felony offenses.

    On October 14, 2015, in Jefferson County Circuit Court, Langdon was convicted of possession of a handgun by a convicted felon, trafficking in a controlled substance in the first degree, and possession of a controlled substance in the first degree.

    On October 15, 2015, in Jefferson County Circuit Court, Langdon was convicted of trafficking in a controlled substance in the first degree greater than 2 grams of heroin.

    J. Louis Nance, 34, of Louisville was sentenced on July 24, 2024, to 6 years in prison, followed by 5 years of supervised release, for kidnapping and impersonator making arrest or search.

    Samantha Trummer, 30, of Louisville was sentenced on July 22, 2024, to 4 years of probation for engaging in monetary transactions derived from a specified unlawful activity.

    John Lohden is awaiting sentencing.

    Defendants Dayton Peterson, John Lohden, and Samantha Trummer were found guilty after a 10-day jury trial in March of 2024. The remaining defendants pleaded guilty prior to trial.

    There is no parole in the federal system.

    The FBI, LMPD, Jefferson County Sheriff’s Office, and Bullitt County Sheriff’s Office investigated the case, with assistance from the ATF, IRS, DEA, and Kentucky State Police.

    Assistant U.S. Attorneys Alicia P. Gomez and Frank E. Dahl III are prosecuting the case, with assistance from paralegal Adela Alic.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    ###

    MIL Security OSI –

  • MIL-OSI: Bitfarms Schedules Third Quarter 2024 Conference Call on November 12th, 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, will report its third quarter 2024 financial results on Tuesday, November 12th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q3 2024 materials will be available before the call and can be accessed on the ‘Financial Results’ section of the Bitfarms investor site.

    The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated data centers with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime.

    Bitfarms currently has 12 operating Bitcoin data centers and two under development situated in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com

    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact:

    Québec: Tact
    Louis-Martin Leclerc
    +1 418-693-2425
    lmleclerc@tactconseil.ca

    The MIL Network –

  • MIL-OSI: MCQ Markets To Host Exclusive Webinar on October 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 25, 2024 (GLOBE NEWSWIRE) — MCQ Markets, an emerging platform in the luxury asset investment space, is pleased to announce a webinar event featuring a corporate development update and a fireside chat with CEO Curt Hopkins. The event will take place on October 31, 2024, at 11:00 AM (ET).

    In this exclusive webinar, Curt Hopkins will provide insights into the latest developments at MCQ Markets, including recent growth initiatives, product innovations, and key strategic priorities for 2025. Following the corporate update, attendees will have the opportunity to engage in a live Q&A session during the fireside chat with the CEO, offering a unique opportunity to hear directly from an industry leader.

    The webinar is open to investors, clients, partners, and industry professionals, providing a platform for direct dialogue and deeper engagement with MCQ Markets.

    Event Details:

    “We’re excited to share our progress with our stakeholders and explore the exciting future ahead for MCQ Markets. This event represents a key opportunity for our community to stay informed and connected with the strategic direction of our company,” said Curt Hopkins, CEO of MCQ Markets.

    To register for the webinar, please visit the link above. Space is limited, so early registration is encouraged.

    About MCQ Markets

    MCQ Markets is redefining luxury asset ownership by making exotic automobiles attainable through its innovative fractional ownership model. The platform serves both passionate enthusiasts and seasoned investors, democratizing luxury ownership and allowing more individuals to invest in assets that were previously out of reach. For more information, please visit: https://www.mcqmarkets.com/

    Investments contain a high degree of risk. You should carefully review the MCQ Markets offering circular before deciding to invest, a copy of which is available on the Securities and Exchange Commission’s website, linked here: https://www.sec.gov/Archives/edgar/data/2025795/000149315224023512/partiiandiii.htm.

    Contact Information:

    MCQ Markets Media Contact
    Email: press@mcqmarkets.com

    The MIL Network –

  • MIL-OSI Security: Ohio Man Arrested on Felony and Misdemeanors Charges for Actions During January 6 Capitol Breach

    Source: Federal Bureau of Investigation FBI Crime News (b)

                WASHINGTON — An Ohio man has been arrested on felony and misdemeanor charges related to his alleged conduct during the Jan. 6, 2021, breach of the U.S. Capitol. His alleged actions and the actions of others disrupted a joint session of the U.S. Congress convened to ascertain and count the electoral votes related to the 2020 presidential election.

                Jamie Wright, 36, of Bowerston, Ohio, is charged in a criminal complaint filed in the District of Columbia with a felony offense of obstruction of law enforcement during a civil disorder and misdemeanor offenses of entering and remaining in a restricted building or grounds, disorderly and disruptive conduct in a restricted building or grounds, disorderly conduct in a capitol building or grounds.

                The FBI arrested Wright yesterday in Canton, Ohio and he will make his initial appearance in the Northern District of Ohio.

                According to court documents, it is alleged that Wright was identified on Jan. 6, 2021, in Washington, D.C., outside of the barricades on the East Front of the U.S. Capitol grounds wearing a black hooded jacket and a red hat with “Trump 2020.” There, open-source images and video footage depict Wright, at approximately 1:45 p.m., along with others, pushing on the police barricades that outlined the restricted perimeter against officers protecting the Capitol.

                Court records say that after this initial push, officers were able to reestablish the barricades; however, video footage from the Capitol shows that approximately two minutes later, Wright grabbed and pulled the same barricades from officers as they continued to try and hold the crowd back. Only a few minutes later, Wright again attempted to grab the bike rack barricades from officers. This time, video footage shows that he and other rioters successfully took the barricade and moved it back into the crowd near the flowerbeds behind them.

                A short while later, at about 2:00 p.m., it is alleged that Wright again tried to grab barricades from officers on the police line. At the same time, rioters to the left of Wright pushed the barricades against the police. This time, the rioters, including Wright, successfully breached the barricades and police line and moved toward the Capitol building. Wright then turned to the crowd behind him and ushered others forward by waving his hand right before he advanced.

                Shortly after making it into the restricted perimeter, Wright stopped his advance and moved a barricade out of the way of the other rioters. Wright then moved forward to the Capitol again, waiving people forward with him. Court documents say that Wright made it to the terrace of the Capitol building, where video footage depicts him waving rioters forward.

                This case is being prosecuted by the U.S. Attorney’s Office for the District of Columbia and the Department of Justice National Security Division’s Counterterrorism Section. Valuable assistance was provided by the U.S. Attorney’s Office for the Northern District of Ohio.

                This case is being investigated by the FBI’s Cleveland and Washington Field Offices. Valuable assistance was provided by the U.S. Capitol Police and the Metropolitan Police Department.                                                      

                In the 45 months since Jan. 6, 2021, more than 1,532 individuals have been charged in nearly all 50 states for crimes related to the breach of the U.S. Capitol, including more than 571 individuals charged with assaulting or impeding law enforcement, a felony. The investigation remains ongoing.

                Anyone with tips can call 1-800-CALL-FBI (800-225-5324) or visit tips.fbi.gov.

                A complaint is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

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  • MIL-OSI Security: Gallatin Man Sentenced to 20 Years in Federal Prison for December 2019 Violent Crime Spree

    Source: Office of United States Attorneys

    NASHVILLE – Lazavion Kern, 23, of Gallatin, Tennessee, was sentenced today to 20 years in federal prison, following his conviction in December 2023, of multiple armed robbery and firearms offenses, announced Acting United States Attorney Thomas J. Jaworski for the Middle District of Tennessee.

    During a three-week span in December 2019, Kern robbed four convenience stores in Gallatin and Portland, Tennessee, taking thousands of dollars from the clerks. As part of the final robbery, Kern repeatedly pistol-whipped the clerk, seriously injuring him. Kern was charged by a federal grand jury in January of 2023 with one count of Hobbs Act robbery for each of the four robberies, and two counts of brandishing a firearm during and in relation to a crime of violence. 

    “Our office is committed to prosecuting violent criminals and to protecting law abiding citizens,” said Acting U.S. Attorney Thomas J. Jaworski. “This sentence shows that if you commit a violent crime in our community, we will do whatever it takes to find you and hold you accountable for your actions. We stand with our law enforcement partners across Middle Tennessee to seek justice and keep our communities safe.”

    “This sentence should send a clear message that the FBI and our law enforcement partners are committed to keeping our communities safe,” said Joe Carrico, Special Agent in Charge of the FBI Nashville Field Office. “This case was another example of law enforcement agencies coming together to combat violent crime and ensure the streets are rid of such callous criminals.”

    Kern was aided in each robbery by Antonio Jones and, in the third robbery, by Michael Sanchez Fitts. Jones and Fitts pleaded guilty to felonies. Fitts was sentenced on May 22, 2023, to serve 48 months in federal prison followed by 3 years of supervised release. Jones was sentenced on October 10, 2024, to serve 48 months in federal prison followed by 3 years of supervised release.

    This case was investigated by the Federal Bureau of Investigation, the Gallatin Police Department, the Sumner County Sheriff’s Office, and the Portland Police Department. Significant assistance was provided by the United States Marshals Service. Assistant U.S. Attorneys Joseph P. Montminy and Taylor J. Phillips prosecuted the case.

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  • MIL-OSI Security: Clarkston Woman Sentenced to 3 Years in Prison for Embezzling Over Three Million Dollars from Former Employer

    Source: Office of United States Attorneys

    DETROIT- A Clarkston woman was sentenced to 3 years in federal prison for wire fraud arising out of an embezzlement scheme targeting her former employer, announced United States Attorney Dawn N. Ison.

    Joining Ison in the announcement was Special Agent in Charge, Federal Bureau of Investigation, Cheyvoryea Gibson.

    Sally Lynn Elmore, 56, pleaded guilty in July 2024 to one count of wire fraud arising from a scheme to defraud her former employer that resulted in over $3 million in losses.  In addition to the 3 years’ imprisonment, United States District Judge Brandy R. McMillion ordered Elmore to pay $2.2 million in restitution to her victims and to pay a $3.2 million forfeiture money judgment. 

    According to Court documents, from April 2019 to December 2022, Elmore abused her position of trust and used her access to the payroll and banking systems of her employer to execute a scheme to fraudulently direct electronic payments—in the form of salary, bonuses, and expense reimbursements that she knew she was not entitled to receive—from her employer’s bank account to her personal bank accounts.  In order to conceal her fraud, Elmore prepared and presented falsified financial statements to her employer’s board, representing that the company was still in possession of funds that she had, in fact, fraudulently directed to herself. She also concealed the missing funds from the company’s insurer, causing the company to lose coverage for losses from theft.  In total, Elmore stole over $3 million and gambled most of it away. 

    “Elmore violated the trust placed in her as the director of finance and human resources for her company, stealing over three million dollars, nearly driving the company to insolvency, and putting the livelihoods of her fellow employees in jeopardy, stated United States Attorney Ison. “Our office will aggressively prosecute those individuals who abuse their authority to line their own pockets at others’ expense.”

    “Over the course of three years, Ms. Elmore betrayed her employer by exploiting her access to the company’s finances, stealing millions of dollars, and covering up her actions through deception,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI in Michigan. “The FBI has zero tolerance for fraud against individuals or institutions and will continue to work with our partners at the U.S. Attorney’s Office to prosecute those involved in embezzlement schemes. We are committed to ensuring that anyone who abuses their position of trust faces justice.”

    The case was prosecuted by Assistant United States Attorney Alyse Wu. The investigation was conducted by the Federal Bureau of Investigation.

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  • MIL-OSI Security: Physician Charged in Scheme to Illegally Sell Cancer Drugs

    Source: Office of United States Attorneys

    Detroit – A Royal Oak physician was charged in an Indictment for his role in a multi-million-dollar scheme to illegally sell and divert expensive prescription cancer drugs, United States Attorney Dawn N. Ison announced.

    Joining Ison in the announcement were Special Agent in Charge Mario M. Pinto, U.S. Department of Health and Human Services, Office of Inspector General (HHS-OIG), Special Agent in Charge Cheyvoryea Gibson, Federal Bureau of Investigation (FBI), Special Agent in Charge Angie M. Salazar, Homeland Security Investigations (HSI), and Special Agent in Charge Ronne Malham, U.S. Food and Drug Administration (FDA).

    Charged in the Indictment is Dr. Naveed Aslam, age 51, of West Bloomfield, Michigan.

    The charges against Dr. Aslam include one count of conspiracy to illegally sell or trade prescription drugs and 10 counts of illegally selling or trading prescription drugs.

    According to the Indictment, by early 2019, and continuing through August 2023, Dr. Aslam, a licensed physician, worked with others to buy and sell expensive cancer drugs for profit and with the intent to defraud and mislead. The other individuals Dr. Aslam worked with identified customers interested in buying prescription cancer drugs, and they communicated with Dr. Aslam about what cancer drugs were requested. Dr. Aslam used his access to certain cancer drugs through his medical practice, Somerset Hematology and Oncology, P.C., to order and purchase the cancer drugs from his supplier. He then sold the cancer drugs to and through the other individuals’ company to the eventual customer. During this scheme, Dr. Aslam acquired and sold more than $17 million in prescription cancer drugs, and personally profited more than $2.5 million.

    “The safety and integrity of our country’s prescription drug supply lines – particularly for cancer drugs – is an important part of our health care system,” stated U.S. Attorney Ison. “As alleged, Dr. Aslam used his role as a physician to violate that integrity and divert prescription cancer drugs away from treating patients. My office is committed to prosecuting medical professionals who seek to profit, rather than protect, our health care system.”

    “Our agency is dedicated to ensuring that medical providers follow laws designed to protect both the integrity and solvency of Federal health care programs, as well as the beneficiaries they serve,” said Mario M. Pinto, Special Agent in Charge of the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “HHS-OIG will continue to work closely with our Federal law enforcement partners to thoroughly investigate allegations of fraud.”

    “Having the authority to prescribe medication is a privilege that comes with a profound responsibility. Physicians must safeguard against drug diversion,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI in Michigan. “Dr. Aslam’s alleged participation in this scheme not only allowed him to profit unlawfully from the sale of cancer drugs, but it also posed a serious threat by potentially placing these medications into the wrong hands. This breach of trust is inexcusable, especially considering the critical nature of the drugs involved. The FBI is unwavering in its commitment to hold medical professionals accountable for exploiting their positions for personal gain and endangering community safety.”

    “Introducing diverted prescription drugs into the supply chain and selling them to unsuspecting consumers undermines the FDA safeguards designed to protect the public,” said Ronne Malham, Special Agent in Charge, FDA Office of Criminal Investigations, Chicago Field Office‎. “We remain committed to bringing to justice those who place their personal gain over the health of American consumers.”

    “A physician’s ethical responsibility is to their patients, not to selling cancer drugs under the table for profit,” said HSI Detroit Special Agent in Charge Angie M. Salazar. “We will protect patients against fraud, especially from those in positions of public trust who choose greed over public safety.”

    An indictment is only a charge and is not evidence of guilt.

    The case is being prosecuted by Assistant United States Attorney Andrew J. Lievense. Assistant United States Attorney Jessica A. Nathan of the Money Laundering & Asset Recovery Unit is handling related forfeiture matters. The investigation is being conducted jointly by the FBI, HHS-OIG, HSI, and the FDA.

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