NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Law

  • MIL-OSI Australia: Arrest – Breach of Domestic Violence Order – Darwin

    Source: Northern Territory Police and Fire Services

    Northern Territory Police have arrested a 38-year-old man for breaching a domestic violence order and attempting to coerce a witness into withholding evidence against him.

    The man, a currently serving police officer on suspended duty due to an ongoing court matter, has been charged with Breach of a Domestic Violence Order and Attempt to Pervert the Course of Justice. He was arrested this morning and taken to the Palmerston Watch House, where he has been bailed to appear in Darwin Local Court on 21 October 2024.

    This information is provided in accordance with NT Police transparency guidelines.

    MIL OSI News –

    January 23, 2025
  • MIL-OSI Australia: Commission President reiterates calls for upholding human rights as violence in the Middle East escalates

    Source: Australian Human Rights Commission

    As the violence in the Middle East escalates, and with the approaching anniversary of the brutal 7 October attacks by Hamas and the start of Israel’s devastating and continuing response, the President of the Australian Human Rights Commission has reiterated its call for upholding human rights and international humanitarian law. 

    President Hugh de Kretser: “The toll of human suffering and death across Israel, Gaza and now Lebanon is horrifying. I acknowledge the ongoing and escalating impact of the war on communities in Australia. We have heard from affected communities about their feelings of loss, uncertainty, fear, anger and grief at what is happening. We recognise the disturbing rise in incidents of antisemitism, Islamophobia and anti-Arab and anti-Palestinian racism in Australia.  

    “The Commission will continue to support and engage with all communities to address discrimination and hate speech. The Commission continues to provide access to justice services for all people affected by racial discrimination and vilification by investigating and conciliating complaints under the Racial Discrimination Act. Complaints that are not resolved through our processes can be taken for determination through the Federal Court system. 

    “The Commission has been funded to undertake a program of community engagement and awareness raising about racism to support safety in Jewish, Palestinian, Muslim and Arab communities across Australia. We have also been funded by the Australian Government to conduct a Study into the Prevalence and Impact of Racism in Australian Universities. The study will have a significant focus on antisemitism as well as Islamophobia.  

    “I call on Australian governments to protect people’s rights to peacefully assemble and protest. Any limitation on protest rights must be strictly necessary and reasonable. In general, protests should not be restricted based on the ideas or viewpoints taken by protesters. However, governments must address hate speech and the incitement of violence. 

    “I urge the Australian Government to adopt a compassionate, sustainable, non-discriminatory humanitarian response to people fleeing the violence. 

    “At the international level, I urge the Australian Government to support efforts to achieve a sustainable ceasefire, the protection of civilians, the return of hostages and accountability for violations of international humanitarian law. 

    “The Advisory Opinion of the International Court of Justice on 19 July 2024 should be supported. I endorse the statement of Volker Türk, UN High Commissioner for Human Rights: 

    ‘As the world reflects on and considers its inability to prevent this carnage, I urge all parties to agree to an immediate ceasefire, lay down their arms and stop the killing once and for all. The hostages must be released. Palestinians arbitrarily detained must be freed. Israel’s illegal occupation must end and the internationally agreed two-State solution must become a reality.’ 

    “I urge the Australian Government to support international efforts towards achieving a lasting peace and a two-state solution that addresses the root causes of the violence.” 

    ENDS | Media contact: media@humanrights.gov.au or +61 457 281 897 

    MIL OSI News –

    January 23, 2025
  • MIL-OSI Australia: Fatal crash at Forestville

    Source: South Australia Police

    A man has died following a crash at Forestville last week.

    At 1pm on Sunday 29 September police and emergency services were called to Leader Street following reports of a crash between a Holden Station Wagon and a stationary Adelaide metro bus.

    The 69-year-old male driver of the Holden was taken to hospital for treatment of his injuries, sadly today (Friday 4 October) he died in hospital.

    The driver of the bus and the eight passengers onboard were not injured.

    Major Crash Investigators are appealing to the public if they witnessed the crash or has dashcam footage and have not spoken to police to please call Crime Stoppers on 1800 333 000.

    The man’s death is the 63rd life lost on SA roads this year.

    MIL OSI News –

    January 23, 2025
  • MIL-OSI Australia: UPDATE: Missing 7-year-old Boy Located – Zuccoli

    Source: Northern Territory Police and Fire Services

    Northern Territory Police are pleased to advise that the missing 7-year-old boy, Victor, has been located safe and well this afternoon.

    We would like to extend a huge thank you to all community members who assisted in the search efforts. Your help has been invaluable.

    Northern Territory Police utilised all available resources, including the Tactical Response Group (TRG), Search and Rescue, General Duties, the Dog Operations Unit (DOU), and Crime members in the search for Victor.

    Thank you again for your support.

    MIL OSI News –

    January 23, 2025
  • MIL-OSI Security: Witnesses sought following fatal collision in Islington

    Source: United Kingdom London Metropolitan Police

    Detectives investigating a fatal collision in Islington are appealing for witnesses or any road users with dashcam footage to come forward.

    Police were called by London Ambulance Service at approximately 14:25hrs on Thursday, 3 October to reports of a collision involving a double decker bus and a pedestrian on Baron Street, at the junction with White Lion Street, N1.

    Emergency services attended and provided first aid. Despite their efforts the pedestrian – a woman aged in her 60s – sadly died at the scene.

    Her next of kin have been informed and support will be provided to them by specially trained officers.

    Road closures were put in place while the scene was dealt with.

    The driver of the bus, a man aged in his 40s, stopped at the scene – he was arrested for causing death by careless driving and has been bailed pending further enquiries.

    Anyone who witnessed this incident or has information or footage should call police on 101 or post on X @MetCC quoting 3982/03OCT24. Alternatively contact the witness line for the Serious Collision Investigation Unit on 020 8246 9892.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI Australia: Unsafe products seized from Melbourne Royal Show

    Source: Government of Victoria 2

    Consumer Affairs Victoria (CAV) and Melbourne Royal Show organisers are warning parents and carers to be on the lookout for unsafe children’s toys, after CAV safety inspectors found more than 500 non-compliant products at the Show yesterday.

    The products were seized from a sole trader operating a pop-up stall and include:

    • Light up butterfly headbands with accessible button batteries
    • Light up fairy wings with accessible button batteries
    • Light up wands with accessible button batteries
    • Light up alien toys without the required product safety labelling
    • Yo-yo water balls which are banned and pose a strangulation risk.

    Button batteries pose a serious health risk to children and other vulnerable people. If ingested, they can burn through the oesophagus (swallowing tube) in just two hours, causing internal burns, severe bleeding or death.

    Yo-yo water balls are children’s toys made up of a soft synthetic ball filled with liquid or air, with a long elastic cord attached to hold the toy from. They have been banned in Australia since 2011 because of the serious risk that the long cord can wrap around a child’s neck and cause strangulation.

    CAV safety inspectors have been on site throughout the show to check compliance with the mandatory safety and information standards under the Australian Consumer Law (ACL).

    This year, our inspectors examined 380 showbags and the vast majority passed the test, with 13 items failing to meet standards. The items were either removed or modified, where appropriate, to meet mandatory product safety laws.

    Director of CAV Nicole Rich urged consumers to exercise caution and said CAV would remain vigilant in protecting the community.

    ‘Our inspectors seized the unsafe products as soon as they found them. I urge all parents and carers who attended the show to check the items they bought to ensure any button batteries are out of reach for children.’

    ‘We have removed the immediate danger by seizing these dangerous products and we are considering further appropriate action in relation to this matter.’

    Melbourne Royal CEO Brad Jenkins said as soon as CAV alerted them to the breach, they acted immediately and removed the exhibitor in question from the Showgrounds.

    ‘The health and wellbeing of our Show patrons is our number one priority. We appreciate having a close working relationship with CAV to ensure the highest of safety standards and laws are adhered to by exhibitors and Showbag vendors when it comes to selling products.’

    If you’re unsure about the safety of a product you have bought or seen for sale, call us on 1300 55 81 81.

    If you suspect someone has ingested a button battery, call the Poisons Information Centre on 13 11 26 for urgent advice. If they’re struggling to breathe, call 000 immediately.

    Maximum penalties under the ACL for supplying banned or non-compliant goods are $2.5 million for individuals and $50 million for companies.

    MIL OSI News –

    January 23, 2025
  • MIL-OSI Economics: ASEAN convenes 45th ASOD and Related Meetings

    Source: ASEAN

    The 45th ASEAN Senior Officials Meeting on Drug Matters (ASOD) and Its Related Meetings, which included six ASOD + Dialogue Partner(s) Consultations, namely with Australia, India, Japan, the Republic of Korea (ROK), Russia and Plus Three, were held via videoconference on 3-4 October 2024. The Meetings were attended by the ASOD Leaders of all ASEAN Member States, Dialogue Partners and the Deputy Secretary-General of ASEAN for ASEAN Political-Security Community. Timor-Leste attended as Observer. The Meetings were preceded by meetings of the five ASOD Working Groups (WG), namely on Preventive Education, Treatment and Rehabilitation, Law Enforcement, Research and Alternative Development, that were held on 2 October 2024. The series of meetings discussed, among others, the latest drug situation, emerging trends, best practices and potential cooperation against illicit drugs in the region.

    The post ASEAN convenes 45th ASOD and Related Meetings appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Asia-Pac: 26 persons arrested during anti-illegal worker operations (with photo)

    Source: Hong Kong Government special administrative region

    26 persons arrested during anti-illegal worker operations (with photo)
    26 persons arrested during anti-illegal worker operations (with photo)
    **********************************************************************

         The Immigration Department (ImmD) mounted a series of territory-wide anti-illegal worker operations codenamed “Contribute”, “Fastrack”, “Lightshadow” and “Twilight”, and a joint operation with the Hong Kong Police Force codenamed “Windsand”, on September 30, October 2 and yesterday (October 3). A total of 21 suspected illegal workers and five suspected employers were arrested.      During the anti-illegal worker operations, ImmD Task Force officers raided 50 target locations including a food factory, massage parlours, premises under renovation, residential buildings and restaurants. The arrested suspected illegal workers comprised 14 men and seven women, aged 24 to 62. Among the arrested persons, three men were holders of recognisance forms, which prohibit them from taking any employment. Two men and three women, aged 49 to 60, suspected of employing the illegal workers, were also arrested.               An ImmD spokesman said, “Any person who contravenes a condition of stay in force in respect of him or her shall be guilty of an offence. Also, visitors are not allowed to take employment in Hong Kong, whether paid or unpaid, without the permission of the Director of Immigration. Offenders are liable to prosecution and upon conviction face a maximum fine of $50,000 and up to two years’ imprisonment. Aiders and abettors are also liable to prosecution and penalties.”      The spokesman warned, “As stipulated in section 38AA of the Immigration Ordinance, an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land is prohibited from taking any employment, whether paid or unpaid, or establishing or joining in any business. Offenders are liable upon conviction to a maximum fine of $50,000 and up to three years’ imprisonment. ”      The spokesman reiterated that it is a serious offence to employ people who are not lawfully employable. Under the Immigration Ordinance, the maximum penalty for an employer employing a person who is not lawfully employable, i.e. an illegal immigrant, a person who is the subject of a removal order or a deportation order, an overstayer or a person who was refused permission to land, has been significantly increased from a fine of $350,000 and three years’ imprisonment to a fine of $500,000 and 10 years’ imprisonment to reflect the gravity of such offences. The director, manager, secretary, partner, etc, of the company concerned may also bear criminal liability. The High Court has laid down sentencing guidelines that the employer of an illegal worker should be given an immediate custodial sentence.      According to the court sentencing, employers must take all practicable steps to determine whether a person is lawfully employable prior to employment. Apart from inspecting a prospective employee’s identity card, the employer has the explicit duty to make enquiries regarding the person and ensure that the answers would not cast any reasonable doubt concerning the lawful employability of the person. The court will not accept failure to do so as a defence in proceedings. It is also an offence if an employer fails to inspect the job seeker’s valid travel document if the job seeker does not have a Hong Kong permanent identity card. Offenders are liable upon conviction to a maximum fine of $150,000 and to imprisonment for one year. In that connection, the spokesman reminded all employers not to defy the law by employing illegal workers. The ImmD will continue to take resolute enforcement action to combat such offences.      Under the existing mechanism, the ImmD will, as a standard procedure, conduct an initial screening of vulnerable persons, including illegal workers, illegal immigrants, sex workers and foreign domestic helpers, who are arrested during any operation with a view to ascertaining whether they are trafficking in persons (TIP) victims. When any TIP indicator is revealed in the initial screening, the ImmD officers will conduct a full debriefing and identification by using a standardised checklist to ascertain the presence of TIP elements, such as threats and coercion in the recruitment phase and the nature of exploitation. Identified TIP victims will be provided with various forms of support and assistance, including urgent intervention, medical services, counselling, shelter or temporary accommodation and other supporting services. The ImmD calls on TIP victims to report crimes to the relevant departments immediately. 

     
    Ends/Friday, October 4, 2024Issued at HKT 16:19

    NNNN

    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI New Zealand: Lower SH8, from Lawrence south to Milton turnoff, SH1, closed overnight

    Source: New Zealand Transport Agency

    4 October 2024 8:27 pm | NZ Transport Agency Waka Kotahi

    The lower part of SH8 inland from Milton, south of Dunedin, to Lawrence, has been closed tonight due to surface flooding says NZ Transport Agency Waka Kotahi (NZTA).

    Updates: https://www.journeys.nzta.govt.nz/highway-conditions/otago/closures/482842(external link)

    Waihola to Milton has reopened but…

    SH1 was closed this afternoon south of Waihola to Milton – this section has now reopened but the area south of Milton beyond the SH8 intersection to Allison Road/ Moneymore is now closed. (The NZTA Journey Planner map should be updating shortly)

    These conditions are changeable given the water flowing downstream and affecting different areas of highway overnight. People should not drive through deep water, particularly in the dark, stay home tonight.

    Check for updates on the Otago Journey Planner page from 8.30 am tomorrow: https://www.journeys.nzta.govt.nz/highway-conditions/otago(external link)

    Tags

    MIL OSI New Zealand News –

    January 23, 2025
  • MIL-Evening Report: There’s a renewed push to scrap junior rates of pay for young adults. Do we need to rethink what’s fair?

    Source: The Conversation (Au and NZ) – By Kerry Brown, Professor of Employment and Industry, School of Business and Law, Edith Cowan University

    NT_Studio/Shutterstock

    Should young people be paid less than their older counterparts, even if they’re working the same job? Whether you think it’s fair or not, it’s been standard practice in many industries for a long time.

    The argument is that young people are not fully “work-ready” and require more intensive employer support to develop the right skills for their job.

    But change could be on the horizon. Major unions and some politicians are pushing for reform – arguing “youth wages” should be scrapped entirely for adults.

    Why? They say the need to be fairly paid for equal work effort, as well as economic considerations such as the high cost of living and ongoing housing crisis, mean paying young adults less based on their age is out of step with modern Australia.

    So is there a problem with our current system, and if so, how might we go about fixing it?

    What are youth wages?

    In Australia, a youth wage or junior pay rate is paid as an increasing percentage of an award’s corresponding full adult wage until an employee reaches the age of 21.

    This isn’t the case in every industry – some awards require all adults to be paid the same minimum rates.

    But for those not covered by a specific award, as well as those working in industries including those covered by the General Retail Industry Award, Fast Food Industry Award and Pharmacy Industry Award, employees younger than 21 are not paid the full rate.

    Why pay less?

    Conventionally, junior rates have been thought of as a “training wage”. Younger people are typically less experienced, so as they gain more skills on the job over time, they are paid a higher hourly rate.

    But there are a few key problems with this approach, which may not be relevant given many employers’ expectations for their workers to start “job-ready” and a lack of consistency in the training they provide.

    Training up and developing skills is an important part of building any career. But it isn’t always provided by their employers.

    Many young adults undergo training prior to starting work and at their own expense.
    Best smile studio/Shutterstock

    Many young workers train themselves in job-related technical education and short courses, often at their own expense and prior to starting work.

    Employers reap the benefit of this pre-employment training and so a “wage discount” for younger workers may be irrelevant in this instance.

    None of this is to say employers aren’t offering something important when they take on young employees.

    Younger workers coming into employment relatively early have access to more than just a paid job, but also become part of a team, with responsibilities and job requirements that support “bigger-picture” life skills.

    Those who employ them may be contributing to their broader social and cultural engagement, something that could be considered part of a more inclusive training package. Whether that justifies a significant wage discount is less clear.




    Read more:
    Why real wages in Australia have fallen while they’ve risen in most other OECD countries


    Calls for a rethink

    There are growing calls for a rethink on the way we compensate young people for their efforts.

    An application by the Shop Distributive and Allied Employees’ Association – the union for retail, fast food and warehousing workers – seeks to remove junior rates for adult employees on three key awards. This action will be heard by the Fair Work Commission next year.

    Sally McManus, Secretary of the Australian Council of Trade Unions, said the peak union body will lobby the government to legislate such changes if this application fails. The Greens have added their support.

    That doesn’t have to mean abolishing youth wages altogether. But 21 years of age is a high threshold, especially given we get the right to major adult responsibilities such as voting and driving by 18.

    A transition strategy could consider gradually lowering this threshold, or increasing the wage percentages over time.

    Lessons from New Zealand

    We wouldn’t be the first to make such a bold change if we did.

    Our geographically and culturally close neighbour, New Zealand, has already removed the “youth wage” – replacing it with a “first job” rate and a training wage set at 80% of the full award rate in 2008.

    A common argument against abolishing youth wages – and increasing the minimum wage in general – is that it will stop businesses hiring young people and thus increase unemployment.

    But a 2021 study that examined the effects of New Zealand’s experience with increasing minimum wages – including this change – found little discernible difference in employment outcomes for young workers.

    The authors did note, however, that New Zealand’s economic downturn post-2008 had a marked effect on the employment of young workers more generally.

    New Zealand has already taken major steps in reforming junior pay rates.
    Stephan Roeger/Shutterstock

    What’s fair?

    It’s easy to see how we arrived at the case for paying younger adults less. But younger workers should not bear the burden of intergenerational inequity by “losing out” on wages in the early part of their working life.

    The debate we see now echoes the discussions about equal pay for equal work value run in the 1960s and ‘70s in relation to women’s unequal pay.

    We were warned that paying women the same as men would cause huge economic dislocation. Such a catastrophe simply did not come to pass.

    Kerry Brown is a member of the National Tertiary Education Union.

    – ref. There’s a renewed push to scrap junior rates of pay for young adults. Do we need to rethink what’s fair? – https://theconversation.com/theres-a-renewed-push-to-scrap-junior-rates-of-pay-for-young-adults-do-we-need-to-rethink-whats-fair-240548

    MIL OSI Analysis – EveningReport.nz –

    January 23, 2025
  • MIL-OSI Europe: OSCE donates IT equipment to Gender Sensitive Police Units under Tajikistan’s Ministry of Internal Affairs

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE donates IT equipment to Gender Sensitive Police Units under Tajikistan’s Ministry of Internal Affairs

    Amy Sevimli, Head of the Human Dimension Department at the OSCE Programme Office in Dushanbe (centre-left) and Barotali Homidzoda, Head of the Public Order Protection Department (centre-right) at the donation ceremony of IT and office equipment, Dushanbe, 4 October 2024. (OSCE/Inomullo Mirboboev) Photo details

    On 4 October 2024, the OSCE Programme Office in Dushanbe donated a set of IT and office equipment to the Public Order Department and the Gender Sensitive Police Units under the Ministry of Internal Affairs of Tajikistan.
    The donated technical equipment will support the Government of Tajikistan in its efforts to prevent and combat domestic violence in the country. In particular, it will support the work of the Gender Sensitive Police Units, 14 of which have been established with the support of the Office, to timely identify domestic violence cases, provide effective protection to and refer the survivors to appropriate support services, while considering and prioritizing their needs.
    The event is part of the Office’s support for Tajik law enforcement authorities to respond to domestic violence through a victim-centered approach, and aligns with Tajikistan’s OSCE commitments to prevent and combat violence against women, including domestic violence.

    MIL OSI Europe News –

    January 23, 2025
  • MIL-OSI Europe: OSCE donates specialized vehicles and equipment to strengthen Moldovan Border Police

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE donates specialized vehicles and equipment to strengthen Moldovan Border Police

    Donation ceremony of specialized vehicles, analytical software and doculus lumus magnifiers, Chisinau, Moldova, 3 October 2024. (OSCE) Photo details

    The OSCE provided specialized vehicles and equipment to the General Inspectorate of Border Police during a ceremony held on 3 October 2024 in Chisinau, Moldova. This was done in support of Moldova’s efforts in preventing and addressing transnational organized crime.
    The donation includes three K9 specialized vehicles, software, and Doculus Lumus magnifiers, used to check identification documents. These items will improve the Moldovan Border Police’s rapid response capabilities, identify advanced threat and risk analysis, and aid in the detection of forged documents at border crossing points.
    “I am positive that the OSCE donation of specialized vehicles for the K9 Unit, software tools for the Risk Analysis Department, and magnifiers for first-line border officers will further support the Moldovan Border Police in effectively identifying and mitigating threats at the border,” said Izabela Sylwia Hartmann, Deputy Head of the OSCE Mission to Moldova.
    “The specialized vehicles and equipment will enable the Border Police to transport police service dogs efficiently and enhance their capacity to detect and prevent cross-border crimes,” said Siv-Katrine Leirtroe, Head of the Border Security and Management Unit of the OSCE Transnational Threats Department. “Despite increasing challenges, the Moldovan Border Police has demonstrated commendable resilience and unwavering commitment, and we are here to support them in enhancing their operational capabilities.”
    “This donation represents a significant contribution to enhancing our operational capabilities to safeguard the borders of the Republic of Moldova,” said Diana Salcuțan, Deputy Head of the General Inspectorate of Border Police. “We highly appreciate the OSCE’s support in strengthening our ability to combat cross-border crimes and ensure the security and stability of our country and the wider region.”
    As part of its ongoing efforts, the OSCE will facilitate a study visit for the K9 Unit of the Moldovan Border Police to France in November 2024. Training cycles on detecting forged documents with a five-day train-the-trainers courses will also continue in January 2025.
    These assets were donated as part of the “Support to the Law Enforcement Agencies in Moldova in Response to the Security Challenges in the Region” and the “Increasing Operational Awareness of Border Security and Management Officers to Detected Forged Documents and Impostors at border crossing points of the OSCE participating States and Partners for Co-operation” projects. These assets were funded through extra-budgetary assistance from the United States of America.

    MIL OSI Europe News –

    January 23, 2025
  • MIL-OSI Banking: ASEAN convenes 45th ASEAN Senior Officials Meeting on Drug Matters and Related Meetings

    Source: ASEAN – Association of SouthEast Asian Nations

    The 45th ASEAN Senior Officials Meeting on Drug Matters (ASOD) and Its Related Meetings, which included six ASOD + Dialogue Partner(s) Consultations, namely with Australia, India, Japan, the Republic of Korea (ROK), Russia and Plus Three, were held via videoconference on 3-4 October 2024. The Meetings were attended by the ASOD Leaders of all ASEAN Member States, Dialogue Partners and the Deputy Secretary-General of ASEAN for ASEAN Political-Security Community. Timor-Leste attended as Observer. The Meetings were preceded by meetings of the five ASOD Working Groups (WG), namely on Preventive Education, Treatment and Rehabilitation, Law Enforcement, Research and Alternative Development, that were held on 2 October 2024. The series of meetings discussed, among others, the latest drug situation, emerging trends, best practices and potential cooperation against illicit drugs in the region.

    The post ASEAN convenes 45th ASEAN Senior Officials Meeting on Drug Matters and Related Meetings appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    January 23, 2025
  • MIL-OSI Africa: Ex-Steinhoff CFO convicted and sentenced

    Source: South Africa News Agency

    Ex-Steinhoff CFO convicted and sentenced

    Former Chief Financial Officer of Steinhoff, Andries Benjamin La Grange, has been sentenced to 10 years imprisonment, of which five years are suspended, for his role in the scandal that brought the multinational company to its eventual liquidation.

    The sentence – meted out in the Pretoria Specialised Commercial Crimes Court – comes after La Grange entered a plea and sentence agreement in which he will give evidence for the state against other alleged actors in further related criminal proceedings.

    “La Grange entered into a plea and sentence agreement…for one count of fraud of over R367 million, emanating from the manipulation of financial statements and failure to report fraudulent activities. He was convicted as such,” a joint statement by the National Prosecuting Authority (NPA) and the Directorate for Priority Crime Investigation (DPCI) read.

    The joint statement explained La Grange’s role in the matter.

    “From November to December 2016, the then Chief Executive Officer, Markus Johannes Jooste, who is now deceased, and La Grange defrauded a Steinhoff subsidiary, Steinhoff At Work, the board of directors of Steinhoff Manufacturing and Steinhoff South Africa of an amount of over R367 million.

    “On the instruction of Jooste, La Grange created documentation of transactions that supported the fraudulent transactions used to inflate and falsify the annual financial statements of the Steinhoff Group for the financial year 2016. 

    “After investigations by the Johannesburg Stock Exchange (JSE) La Grange was fined R2 million for the role he played in the Steinhoff At Work transactions and barred from holding office in a public company for 10 years,” the joint statement said.

    La Grange’s conviction and sentencing also comes after the NPA secured its first conviction, sentence and confiscation order related to the case.

    “Securing a second conviction and sentence in the Steinhoff matter in just a week is a reflection that even though the wheels of justice turn slowly, impunity no longer prevails, and those accused of complex commercial crime now know that it is a matter of when the dreaded knock on their door comes. 

    “This shows the commitment by both DPCI and NPA in dealing with one of the biggest cases of corporate fraud in the history of South Africa. This case has been one of the most complex commercial crime cases that the DPCI and the NPA have had to deal with. 

    “At a point when a significant breakthrough was made to enrol the case earlier this year, the main accused, ex-CEO of Steinhoff Markus Jooste took his life on the eve of his arrest, thus escaping the hands of justice when it mattered the most,” the statement concluded.

    READ | NPA scores Steinhoff victory

    Last week, the NPA secured its first conviction, sentence and confiscation order related to the Steinhoff case.

    This after the Specialised Commercial Crimes Court in Pretoria sentenced former Steinhoff physician, Dr Gerhardus Burger, to some five years imprisonment – wholly suspended for five years, if he is not found guilty of contravention of section 78(2) of the Financial Markets Act within that period.  – SAnews.gov.za

     

    NeoB
    Thu, 10/03/2024 – 15:12

    MIL OSI Africa –

    January 23, 2025
  • MIL-OSI Russia: Financial news: 10/04/2024, the deposit auction of the Moscow Small Business Lending Assistance Fund will take place

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Exchange – Moscow Exchange –

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://www.moex.com/n73754

    Category24-7, MIL-AXIS, Moscow, Moskov Stotsk Exchange, Russians Savings, Russian Federation, Russians Language, Russian economy

    Post navigation

    Previous PostPrevious Financial news: 10/04/2024, 11:38 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the security RU000A0JT6B2 (VEB.RF 19) were changed.
    Next PostNext Financial news: 10/04/2024, 11:04 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the security RU000A0JT6B2 (VEB.RF 19) were changed.

    Archives

    Archives Privations of the Police Proudly would trust WordPress

    Parameters
    Date of the deposit auction 10/04/2024
    Placement currency RUB
    Maximum amount of funds placed (in placement currency) 235,000,000.00
    Placement period, days 11
    Date of deposit 10/04/2024
    Refund date 10/15/2024
    Minimum placement interest rate, % per annum 19.00
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 235,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Agreement General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 12:00 to 12:10
    Applications in competition mode from 12:10 to 12:15
    Setting a cut-off percentage or declaring the auction invalid until 12:25
       
    Additional terms Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of non-compliance of the Bank with the requirements established by paragraph 2.1. of the Regulation “On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS” (as amended on the date of the deposit transaction), early withdrawal at the “on demand” rate, payment of interest at the end of the term, without replenishment

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Economics: AML Focus newsletter published

    Source: Isle of Man

    Published on: 04 October 2024

    The Isle of Man Financial Services Authority has published the second edition of its AML Focus newsletter.

    The publication, which is available to view on the Authority’s website, showcases the many workstreams taking place in relation to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) supervision.

    An insight is provided into recent developments, including the findings of thematic reviews and questionnaires, details of forthcoming events, proposed legislative changes, and collaborations with UCM and compliance professionals.

    There is also an update on compliance matters in relation to beneficial ownership, and an article exploring the pros and cons of Artificial Intelligence (AI) in the workplace, particularly in relation to customer onboarding.

    We hope you find the contents of interest and please contact the team at aml@iomfsa.im with any ideas for future topics.

    Newsletter contents

    1 Welcome from the Head of AML/CFT Supervision

    2 Acting on your feedback

    3 Compliance forum / Countering Financial Crime Conference

    4&5 Summary of thematic reviews

    6 Introduced Business webinar / Human Trafficking factsheet

    7 Spotlight on beneficial ownership compliance

    8 Legislative updates / UCM collaboration

    9 National Risk Assessment

    10&11 Pros and cons of AI in the workplace

    12 Questions and Answers

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI: Shell plc Announces Final Results of Exchange Offers

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    October 4, 2024

    Shell plc Announces Final Results of Exchange Offers

    Shell plc (“Shell”) (LSE: SHEL) (NYSE: SHEL) (EAX: SHELL) today announced the final results of its previously announced offers to exchange (the “Exchange Offers” and each, an “Exchange Offer”) up to a maximum aggregate principal amount of $12 billion (the “Maximum Amount”) of any and all validly tendered (and not validly withdrawn) and accepted notes of twelve series issued by Shell International Finance B.V. (“Shell International Finance” and such notes, the “Old Notes”) for a combination of cash and a corresponding series of new notes to be issued by Shell Finance US Inc. (“Shell Finance US”) and fully and unconditionally guaranteed by Shell plc (the “New Notes”). A Registration Statement on Form F-4 (File Nos. 333-281941 and 333-281941-01) (the “Registration Statement”), including a prospectus, dated September 19, 2024 (the “Prospectus”), relating to the issuance of the New Notes was filed with the Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on September 30, 2024.

    As announced on September 5, 2024, Shell is conducting the Exchange Offers to migrate the existing Old Notes from Shell International Finance B.V. to Shell Finance US Inc. in order to optimize the Shell Group’s capital structure and align indebtedness with its U.S. business.

    The total aggregate principal amount of Old Notes that were validly tendered (and not validly withdrawn) and accepted for exchange in the Exchange Offers was $11,462,980,000.   The aggregate principal amount of each series of Old Notes that was accepted for exchange was based on the order of acceptance priority for such series as set forth in the table below (the “Acceptance Priority Levels”), with Acceptance Priority Level 1 being the highest and Acceptance Priority Level 12 being the lowest, subject to the applicable Minimum Size Condition and the Maximum Amount Condition (each as described in the Prospectus). Because the total aggregate principal amount of Old Notes that were validly tendered (and not validly withdrawn) as of 5:00 p.m., New York City time, on October 3, 2024 (the “Expiration Time”) exceeded the Maximum Amount, we did not accept for exchange all such Old Notes and only accepted for exchange those Old Notes as set forth in the table below under the heading “Aggregate Principal Amount Accepted.” All Old Notes validly tendered (and not validly withdrawn) as of the Expiration Time in Acceptance Priority Levels 1 through 8 satisfied the applicable Minimum Size Condition and the Maximum Amount Condition and were accepted for exchange. No Old Notes tendered in Acceptance Priority Levels 9 through 12 were accepted for exchange.

    The following table, based on information provided by D.F. King & Co. Inc., the exchange agent and information agent for the Exchange Offers, indicates, among other things, the total aggregate principal amount of Old Notes and the aggregate principal amount of each series of Old Notes validly tendered (and not validly withdrawn) and accepted for exchange in the Exchange Offers.

    Series of Old Notes Offered for Exchange Old CUSIP/ISIN
    No.
    Acceptance Priority Level  

    Aggregate Principal Amount Outstanding ($MM)

    Aggregate Principal Amount Tendered Aggregate Principal Amount Accepted  

    New CUSIP/ISIN No.

    4.375% Guaranteed Notes due 2045 822582BF8/

    US822582BF88

    1 $3,000 $2,446,755,000   $2,446,755,000 822905AA3 / US822905AA35  
    2.750% Guaranteed Notes due 2030 822582CG5/

    US822582CG52

    2 $1,750 $1,355,391,000   $1,355,391,000 822905AB1 / US822905AB18  
    4.125% Guaranteed Notes due 2035 822582BE1/

    US822582BE14

    3 $1,500 $1,192,346,000   $1,192,346,000 822905AC9 / US822905AC90  
    4.550% Guaranteed Notes due 2043 822582AY8/

    US822582AY86

    4 $1,250 $960,281,000   $960,281,000 822905AD7 / US822905AD73  
    4.000% Guaranteed Notes due 2046 822582BQ4/

    US822582BQ44

    5 $2,250 $1,764,084,000   $1,764,084,000 822905AE5 / US822905AE56  
    2.375% Guaranteed Notes due 2029 822582CD2/

    US822582CD22

    6 $1,500 $1,075,279,000   $1,075,279,000 822905AF2 / US822905AF22  
    3.250% Guaranteed Notes due 2050 822582CH3/

    US822582CH36

    7 $2,000 $1,664,464,000   $1,664,464,000 822905AG0 / US822905AG05  
    3.750% Guaranteed Notes due 2046 822582BY7/

    US822582BY77

    8 $1,250 $1,004,380,000   $1,004,380,000 822905AH8 / US822905AH87  
    3.125% Guaranteed Notes due 2049 822582CE0/

    US822582CE05

    9 $1,250 $1,037,100,000   $0 —  
    3.000% Guaranteed Notes due 2051 822582CL4/

    US822582CL48

    10 $1,000 $888,919,000   $0 —  
    2.875% Guaranteed Notes due 2026 822582BT8/

    US822582BT82

    11 $1,750 $987,472,000   $0 —  
    2.500% Guaranteed Notes due 2026 822582BX9/

    US822582BX94

    12 $1,000 $622,831,000   $0 —  
                     
    Total amount tendered and accepted in the Exchange Offers       $11,462,980,000    

    Settlement and issuance of the New Notes to be issued in exchange for Old Notes validly tendered (and not validly withdrawn) and accepted for exchange is expected to occur on October 8, 2024.

    The dealer managers for the Exchange Offers were:

    Deutsche Bank Securities Inc.

    1 Columbus Circle

    New York, New York 10019

    Attention: Liability Management Group

    Telephone: (U.S. Toll-Free): +1 (866) 627-0391

    Telephone (U.S. Collect): +1 (212) 250-2955

    Telephone (London): +44 207 545 8011

    Goldman Sachs & Co. LLC

    200 West Street

    New York, New York 10282

    Attention: Liability Management Group

    Telephone (U.S. Toll-Free): +1 (800) 828-3182

    Telephone (U.S. Collect): +1 (212) 902-6351

    Telephone (London): +44 207 774 4836

    Email: gs-lm-nyc@ny.email.gs.com

    Wells Fargo Securities, LLC

    550 South Tryon Street, 5th Floor

    Charlotte, North Carolina 28202

    Attention: Liability Management Group

    Telephone (U.S. Toll-Free): +1 (866) 309-6316

    Telephone (U.S. Collect): +1 (704) 410-4235

    Telephone (Europe): +33 1 85 14 06 62

    Email: liabilitymanagement@wellsfargo.com

    The exchange agent and information agent for the Exchange Offers was:

    D.F. King & Co., Inc.

    48 Wall Street, 22nd Floor
    New York, NY 10005
    Banks and Brokers call: +1 (212) 269-5550
    Toll-free (U.S. only): +1 (877) 783-5524
    Email: Shell@dfking.com
    By Facsimile (for eligible institutions only): +1 (212) 709-3328
    Confirmation: +1 (212) 269-5552
    Attention: Michael Horthman
    Website: http://www.dfking.com/shell

    This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Exchange Offers were made solely pursuant to the terms and conditions of the Prospectus, which forms a part of the Registration Statement.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    Non-U.S. Distribution Restrictions

    European Economic Area

    The New Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); or (ii) a customer within the meaning of Directive 2002/92/EC (as amended, the “Insurance Mediation Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC (as amended, the “Prospectus Directive”). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the New Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the New Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation. The Prospectus has been prepared on the basis that any offer of New Notes in any Member State of the EEA will be made pursuant to an exemption under the Prospectus Directive from the requirement to publish a prospectus for offers of New Notes. The Prospectus is not a prospectus for the purposes of the Prospectus Directive.

    MiFID II product governance / Professional investors and ECPs only target market—In the EEA and solely for the purposes of the product approval process conducted by any Dealer Manager who is a manufacturer with respect to the New Notes for the purposes of the MiFID II product governance rule under EU Delegated Directive 2017/593 (each, a “manufacturer”), the manufacturers’ target market assessment in respect of the New Notes has led to the conclusion that: (i) the target market for the New Notes is eligible counterparties and professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the New Notes to eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the New Notes (a “distributor”) should take into consideration the manufacturers’ target market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the New Notes (by either adopting or refining the manufacturers’ target market assessment) and determining appropriate distribution channels.

    Belgium

    Neither the Prospectus nor any other documents or materials relating to the Exchange Offers have been submitted to or will be submitted for approval or recognition to the Belgian Financial Services and Markets Authority (“Autorité des services et marchés financiers”/”Autoriteit voor Financiële Diensten en Markten”). The Exchange Offers are not being, and may not be, made in Belgium by way of a public offering, as defined in Articles 3, §1, 1° and 6, §1 of the Belgian Law of April 1, 2007 on public takeover bids (“loi relative aux offres publiques d’acquisition”/”wet op de openbare overnamebiedingen”) (the “Belgian Takeover Law”) or as defined in Article 3, §1 of the Belgian Law of June 16, 2006 on the public offer of investment instruments and the admission to trading of investment instruments on a regulated market (“loi relative aux offres publiques d’instruments de placement et aux admissions d’instruments de placement à la négociation sur des marchés réglementés”/”wet op de openbare aanbieding van beleggingsinstrumenten en de toelating van beleggingsinstrumenten tot de verhandeling op een gereglementeerde markt”) (the “Belgian Prospectus Law”), both as amended or replaced from time to time. Accordingly, the Exchange Offers may not be, and are not being, advertised and the Exchange Offers will not be extended, and neither the Prospectus nor any other documents or materials relating to the Exchange Offers (including any memorandum, information circular, brochure or any similar documents) has been or shall be distributed or made available, directly or indirectly, to any person in Belgium other than (i) to persons which are “qualified investors” (“investisseurs qualifiés”/”gekwalificeerde beleggers”) as defined in Article 10, §1 of the Belgian Prospectus Law, acting on their own account, as referred to in Article 6, §3 of the Belgian Takeover Law or (ii) in any other circumstances set out in Article 6, §4 of the Belgian Takeover Law and Article 3, §4 of the Belgian Prospectus Law. The Prospectus has been issued only for the personal use of the above qualified investors and exclusively for the purpose of the Exchange Offers. Accordingly, the information contained in the Prospectus or in any other documents or materials relating to the Exchange Offers may not be used for any other purpose or disclosed or distributed to any other person in Belgium.

    France

    The Exchange Offers are not being made, directly or indirectly, to the public in the Republic of France. Neither the Prospectus nor any other documents or materials relating to the Exchange Offers have been or shall be distributed to the public in France and only (i) providers of investment services relating to portfolio management for the account of third parties (“personnes fournissant le service d’investissement de gestion de portefeuille pour compte de tiers”) and/or (ii) qualified investors (“investisseurs qualifiés”) other than individuals, in each case acting on their own account and all as defined in, and in accordance with, Articles L.411-1, L.411-2, D.321-1 and D.411-1 of the French Code Monétaire et Financier, are eligible to participate in the Exchange Offers. The Prospectus and any other document or material relating to the Exchange Offers have not been and will not be submitted for clearance to nor approved by the Autorité des marchés financiers.

    Italy

    None of the Exchange Offers, the Prospectus or any other documents or materials relating to the Exchange Offers or the New Notes have been or will be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa (“CONSOB”). The Exchange Offers are being carried out in the Republic of Italy as exempted offers pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58 of 24 February 1998, as amended (the “Financial Services Act”) and article 35-bis, paragraph 3, of CONSOB Regulation No. 11971 of 14 May 1999, as amended (the “Issuers’ Regulation”) and, therefore, are intended for, and directed only at, qualified investors (investitori qualificati) (the “Italian Qualified Investors”), as defined pursuant to Article 100, paragraph 1, letter (a) of the Financial Services Act and Article 34-ter, paragraph 1, letter (b) of the Issuers’ Regulation. Accordingly, the Exchange Offers cannot be promoted, nor may copies of any document related thereto or to the New Notes be distributed, mailed or otherwise forwarded, or sent, to the public in Italy, whether by mail or by any means or other instrument (including, without limitation, telephonically or electronically) or any facility of a national securities exchange available in Italy, other than to Italian Qualified Investors. Persons receiving the Prospectus must not forward, distribute or send it in or into or from Italy. Noteholders or beneficial owners of the Old Notes that are resident or located in Italy can offer to exchange the notes pursuant to the Exchange Offers through authorized persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in Italy in accordance with the Financial Services Act, CONSOB Regulation No. 16190 of 29 October 2007, as amended from time to time, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority. Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Old Notes, the New Notes, the Exchange Offers or the Prospectus.

    United Kingdom

    Each dealer manager has further represented and agreed that:

    • it has complied and will comply with all the applicable provisions of the Financial Services and Markets Act 2000 (the “FSMA”) with respect to anything done by it in relation to the New Notes in, from or otherwise involving the United Kingdom (the “U.K.”); and it has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of any New Notes in circumstances in which Section 21(1) of the FSMA does not apply to Shell Finance US or Shell.

    The Prospectus is only being distributed to and is only directed at (i) persons who are outside the U.K. or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The New Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the New Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

    Hong Kong

    The New Notes may not be offered or sold by means of any document other than (i) in circumstances which do not constitute an offer to the public within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), or (ii) to “professional investors” within the meaning of the Securities and Futures Ordinance (Cap.571, Laws of Hong Kong) and any rules made thereunder, or (iii) in other circumstances which do not result in the document being a “prospectus” within the meaning of the Companies Ordinance (Cap.32, Laws of Hong Kong), and no advertisement, invitation or document relating to the New Notes may be issued or may be in the possession of any person for the purpose of issue (in each case whether in Hong Kong or elsewhere), which is directed at, or the contents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the laws of Hong Kong) other than with respect to New Notes which are or are intended to be disposed of only to persons outside Hong Kong or only to “professional investors” within the meaning of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and any rules made thereunder.

    Japan

    The New Notes have not been and will not be registered under the Financial Instruments and Exchange Law of Japan (the “Financial Instruments and Exchange Law”) and each underwriter has agreed that it will not offer or sell any New Notes, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan (which term as used herein means any person resident in Japan, including any corporation or other entity organized under the laws of Japan), or to others for re-offering or resale, directly or indirectly, in Japan or to a resident of Japan, except pursuant to an exemption from the registration requirements of, and otherwise in compliance with, the Financial Instruments and Exchange Law and any other applicable laws, regulations and ministerial guidelines of Japan.

    Singapore

    The Prospectus has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, and if the Issuer has not notified the dealer(s) on the classification of the New Notes under and pursuant to Section 309(B)(1) of the Securities and Futures Act, Chapter 289 Singapore (the “SFA”), the Prospectus and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of the New Notes may not be circulated or distributed, nor may the New Notes be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 274 of Chapter 289 of the SFA, (ii) to a relevant person, or any person pursuant to Section 275(1A), and in accordance with the conditions, specified in Section 275 of the SFA or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

    Where the New Notes are subscribed or purchased under Section 275 of the SFA by a relevant person which is: (a) a corporation (which is not an accredited investor) the sole business of which is to hold investments and the entire share capital of which is owned by one or more individuals, each of whom is an accredited investor; or (b) a trust (where the trustee is not an accredited investor) whose sole purpose is to hold investments and each beneficiary is an accredited investor, shares, debentures and units of shares and debentures of that corporation or the beneficiaries’ rights and interest in that trust shall not be transferable for six months after that corporation or that trust has acquired the New Notes under Section 275 except: (1) to an institutional investor under Section 274 of the SFA or to a relevant person, or any person pursuant to Section 275(1A), and in accordance with the conditions, specified in Section 275 of the SFA; (2) where no consideration is given for the transfer; or (3) by operation of law.

    Singapore Securities and Futures Act Product Classification—Solely for the purposes of its obligations pursuant to sections 309B(1)(a) and 309B(1)(c) of the SFA, the Issuer has determined, and hereby notifies all relevant persons (as defined in Section 309A of the SFA) that the New Notes are “prescribed capital markets products” (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018) and Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice on Recommendations on Investment Products).

    Contacts:

    Media: International +44 (0) 207 934 5550; USA +1 832 337 4355

    Cautionary Statement

    The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this press release, “Shell” refers to Shell plc; “Shell Group” refers to Shell and its subsidiaries; “Shell Finance US” or “Issuer” refers to Shell Finance US Inc.; “Shell International Finance” refers to Shell International Finance B.V.; the terms “we,” “us,” and “our” refer to Shell or the Shell Group, as the context may require.

    This press release contains certain forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of the Shell Group to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of the Shell Group and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release (without limitation):

    • price fluctuations in crude oil and natural gas;
    • changes in demand for the Shell Group’s products;
    • currency fluctuations;
    • drilling and production results;
    • reserves estimates;
    • loss of market share and industry competition;
    • environmental and physical risks;
    • risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions;
    • the risk of doing business in developing countries and countries subject to international sanctions;
    • legislative, judicial, fiscal and regulatory developments including regulatory measures addressing climate change;
    • economic and financial market conditions in various countries and regions;
    • political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs;
    • risks associated with the impact of pandemics, such as the COVID-19 (coronavirus) outbreak, regional conflicts, such as the Russia-Ukraine war, and a significant cybersecurity breach; and
    • changes in trading conditions.

    All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell’s Form 20-F for the year ended December 31, 2023 (available at http://www.shell.com/investors/news-and-filings/sec-filings.html and 

    http://www.sec.gov).

    These risk factors also expressly qualify all forward-looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, October 4, 2024. Neither Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

    The contents of websites referred to in this press release do not form part of this content.

    Readers are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

    The MIL Network –

    January 23, 2025
  • MIL-OSI Asia-Pac: DEPwD successfully concludes the Swachhata Hi Seva 2024 Campaign: A significant step towards improved facilities for Persons with Disabilities

    Source: Government of India

    Posted On: 04 OCT 2024 1:43PM by PIB Delhi

    The Department of Empowerment of Persons with Disabilities (DEPwD) and its affiliated National Institutes successfully concluded the Swachhata Hi Seva (SHS) 2024 campaign. Various events, including Divya Kala Shakti, ADIP camps, Sign Language Day, and the Indian Board of Rehabilitation Education, were organized by the department under the Swachhata Pakhwada. During these events, Union Minister for Social Justice and Empowerment (SJE), Dr. Virendra Kumar, administered the Swachhata Pledge.

    At the National Institute for Empowerment of Persons with Visual Disabilities (NIEPVD) in Dehradun, Union Minister of State (SJE), Shri B.L. Verma graced the SHS programme as the chief guest. He participated in the ‘Ek Ped Maa Ke Naam’ tree plantation drive and inaugurated the newly constructed ‘Accessible Library’ for visually impaired students, which is equipped with state-of-the-art technology to facilitate easy learning.

    Similarly, at the National Institute for the Empowerment of Persons with Intellectual Disabilities (NIEPID), the concluding event of the cleanliness campaign saw officials and staff reaffirm their commitment to maintaining hygiene and promoting cleanliness in their community.

    Additionally, the Atal Bihari Vajpayee Divyang Sports Training Center in Gwalior marked its foundation day with a sanitation awareness rally. The rally saw participation from 150 wheelchair athletes, national managers, referees, coaches, social workers, and Gwalior Municipal Corporation’s sanitation ambassadors, raising widespread awareness about the importance of cleanliness.

    The fortnight-long campaign placed special emphasis on upgrading facilities for Divyang employees and staff, including the construction and inauguration of accessible toilets. A special medical camp was also held to ensure the well-being of sanitation workers.

    The SHS campaign aims not only to ensure cleanliness and hygiene facilities for persons with disabilities but also to promote awareness about sanitation throughout society. The department remains committed to this cause and will continue to run such campaigns in the future.

    *****

    VM

    (Release ID: 2061934) Visitor Counter : 45

    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI United Kingdom: Coming up next week at the London Assembly W/C 7 October

    Source: Mayor of London

    PUBLIC MEETINGS

    Wednesday 9 October

    Policing protests in London

    Police and Crime Committee – The Chamber, City Hall, Kamal Chunchie Way, 10am

    Policing protests and large-scale events in the capital is putting increased strain on the Metropolitan Police Service, with the Met describing protests since October 2023 as the “greatest period of sustained pressure since the Olympics in 2012.”

    The Police and Crime Committee will hold the first meeting of its investigation into public order policing in London.

    Panel 1: 10:00am – 11:30am

    • Matt Parr, former Inspector, HMICFRS
    • Lord Walney, former Government Independent Adviser on Political Violence and Disruption
    • Kirsty Brimelow KC, Barrister, Doughty Street Chambers

    Panel 2: 11:35am – 1:00pm

    • Jodie Beck, Policy and Campaigns Officer, Liberty
    • Professor Geoff Pearson, Professor of Law at the University of Manchester and Academic Director of the N8 Policing Research Partnership
    • Tom Southerden, Programme Director, Law & Human Rights, Amnesty International
    • David Spencer, Head of Crime and Justice, Policy Exchange

    MEDIA CONTACT: Tony Smyth on 07763 251727/ [email protected]

    Wednesday 9 October

    ‘Social value’ in planning and regeneration

    Planning and Regeneration Committee – The Chamber, City Hall, Kamal Chunchie Way, 2pm

    The London Plan does not define ‘social value’, but it is referred to in various policies and supporting texts.

    In the first meeting of its investigation into how social value is considered in planning decisions for markets and arches, the Planning and Regeneration Committee will question experts, local authorities and industry representatives about what it means, how it’s measured, and how it can make a difference to Londoners.

    The guests are:

    Panel 1: 2.00pm – 3.15pm

    • Maria Adebowale-Schwarte, Commissioner for the London Sustainable Development Commission
    • Tony Burton, Founder of Civic Voice and Chair of Community Review Panels in Old Oak & Park Royal and Dacorum
    • Dr Myfanwy Taylor, Lecturer in Urban Economics and Planning, University College London
    • Guy Battle, Chief Executive Officer at Social Value Portal
    • Stephanie Edwards, Co-Founding Director Urban Symbiotics

    Panel 2: 3.30pm – 4.45pm

    • Krissie Nicolson, CEO London Trades Guild
    • Nicholas Kasic, manager of Portobello Road Market and convener of the London Street Trading Benchmarking Group 
    • Sarah Goldzweig, Research and Project Officer at Latin Elephant
    • Stephen Biggs, Corporate Director, Community Wealth Building, London Borough of Islington 
    • Bryce Tudball, Head of Spatial Planning, London Borough of Haringey

    MEDIA CONTACT: Josh Hunt on 07763 252310 / [email protected]

    Thursday 10 October

    Mayor’s Question Time

    The Chamber, City Hall, Kamal Chunchie Way, 10am

    The Mayor of London, Sadiq Khan, will face questions from London Assembly Members.

    Topics include:

    • Aligning the Budget with Manifesto Commitments
    • Night-Time Economy
    • Net zero targets and advertising on the TfL network
    • Cleaning Up London’s Waterways

    MEDIA CONTACT: Alison Bell on 07887 832 918 / [email protected]

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI: Biz2Credit to Host “Small Business, Inflation, and the Economy in 2024” Online Town Hall on Tuesday, Oct. 8, with U.S. Representatives Nick LaLota (R-NY) and Sylvia Garcia (D-TX)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 04, 2024 (GLOBE NEWSWIRE) — Biz2Credit will host U.S. Representatives Nick LaLota (R, NY-01) and Sylvia Garcia (D, TX-29) to discuss the state of the small business economy in 2024 and the actions that Congress is taking to support business owners. The virtual forum will take place on Tuesday, October 8, at 2:00 p.m. (EDT) and will explore topics including:

    • Challenges for small business owners in 2024 and looking into 2025.
    • Initiatives the Federal government is considering next that may provide further economic support to American small businesses.
    • How a President Harris or President Trump will address small business issues.
    • Preparing for what’s coming next with Biz2Credit’s review of business financing options as 2024 closes and amid the recent interest rate cut by the Federal Reserve.
    • Biz2Credit’s research and insights on primary data from small business owners.

    This online forum will give business owners a chance to hear from Rep. LaLota, a member of the House Committee on Small Business, and Rep. Garcia, who has helped provide crucial aid to Texas small businesses. They will discuss the small business environment in their districts, provide insights on how the Federal government and private industry are collaborating to help entrepreneurs, and respond to questions from constituents and business owners. To register for this event, click here.

    “We are thrilled to have Rep. LaLota and Rep. Garcia join our online Town Hall and discuss their positions on small business, the current economic environments in their home districts, and how Washington can best support entrepreneurial growth,” said Rohit Arora, CEO of Biz2Credit and one of the nation’s leading experts in small business finance.

    U.S. Representative Nick LaLota (R, NY-01) was sworn into office in January 2023. Inspired by his family’s history of service, he graduated from the U.S. Naval Academy and reached the rank of Lieutenant. Later, he earned his MBA at Hofstra University’s Zarb School of Business and his J.D. from Hofstra’s Maurice A. Deane School of Law. As a member of the Amityville Board of Trustees, he focused on reducing taxes and improving services. Today, in Congress, he advocates for lower taxes, energy independence, and the protection of constitutional freedoms. As a member of the House Committee on Small Business, he serves as chair of the Subcommittee on Contracting and Infrastructure and is a member of the Subcommittee on Economic Growth, Tax, and Capital Access.

    “I’m excited to join the Biz2Credit Small Business Town Hall to tackle the challenges and opportunities our small businesses face,” said Rep. LaLota. “As a proud member of the House Small Business Committee, I know just how crucial these businesses are to our economy. I’ll keep pushing for policies that strengthen small businesses as the backbone of America!”

    U.S. Representative Sylvia R. Garcia (D, TX-29) was sworn into Congress in January 2019 and thereby became the first Latina to represent Texas in her district. She graduated from Texas Woman’s University with a degree in social work and political science, and later graduated from the Thurgood Marshall School of Law at Texas Southern University. Rep. Garcia has served as a social worker and a legal aid lawyer and later as Presiding Judge of the Houston Municipal System, Houston City Controller, and Harris County Commissioner. After serving in the Texas State Senate, she was elected to represent Texas’s 29th Congressional District 29 and became the first Hispanic member of the Houston Congressional Delegation and one of the first two Latinas to represent Texas in the Congress. She has long been an advocate for working families and economic development.

    “Small businesses are the backbone of our communities and the start of so many American Dreams. Women and minority entrepreneurs, especially in the Latino community, have been driving our recovery with strength and resilience,” said Rep. Garcia, who serves as the Vice Ranking Member of the House Financial Services Committee. “It’s our job in Congress to ensure they have the tools and resources to keep thriving. I’m excited to join Rep. LaLota and Biz2Credit to talk about how we can make that happen.”

    About Biz2Credit
    Founded in 2007, Biz2Credit has helped thousands of companies access more than $10 billion in small business financing. The company is expanding its industry-leading Biz2X® technology in custom digital platform solutions for banks and other financial institutions, investors, and service providers. Visit http://www.biz2credit.com, Instagram, Facebook, and X (formerly Twitter).

    Media Contact: John Mooney, (908) 720-6057, john@overthemoonpr.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI USA: News Release – Nine Inmates Earn Certificates, Degree Graduation Ceremony Honors First Inmate to Earn AA While in Custody

    Source: US State of Hawaii

    News Release – Nine Inmates Earn Certificates, Degree Graduation Ceremony Honors First Inmate to Earn AA While in Custody

    Posted on Oct 3, 2024 in Latest Department News, Newsroom

    DEPARTMENT OF CORRECTIONS AND REHABILITATION

    KA ‘OIHANA HOʻOMALU KALAIMA A HOʻOPONOPONO OLA

     

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

     

    TOMMY JOHNSON

    DIRECTOR

    KA LUNA HO‘OKELE

     

    FOR IMMEDIATE RELEASE

    October 3, 2024

    Nine Inmates Earn Certificates, Degree Graduation Ceremony Honors First Inmate to Earn AA While in Custody

    HONOLULU — The Women’s Community Correctional Center (WCCC) in partnership with Windward Community College (WCC) hosted a graduation ceremony Wednesday, Oct. 2, 2024, for nine women who earned a Certificate of Competence in WCC’s Mental Health Technician Program.

    One of the nine women also earned her Associate of Arts degree in Liberal Arts, the first woman at the correctional facility to receive an AA degree while in custody.

    Honored guests attending the ceremony in the WCCC Maunawili Cottage courtyard included: Department of Corrections and Rehabilitation (DCR) Director Tommy Johnson; Dr. Michael K. Champion, senior advisor for Mental Health and the Justice System, Office of the Governor; State Rep. Lisa Marten (D – Waimānalo, Keolu Hills, Lanikai, portion of Kailua) State Rep. Linda Ichiyama, member of the House Committee on Corrections, Military and Veterans; Honolulu Councilmember Esther Kia‘aina who represents District 3 (Windward O‘ahu); and WCC Chancellor Ardis Eschenberg.

    During the event, Director Johnson addressed the graduates and said, “We all make mistakes in life but the content of our character is better defined by what we do after that. To move forward, to put those things behind us. To show people we’re not that person that they think we are, that we can change.”

    “We’re so proud of you. No matter what, never give up,” he added. 

    “This should be the beginning of your educational journey, not the end, and likewise, your achievements represent the start of opening doors to new and exciting paths forward to change the trajectory of your lives and those of your loved ones that supported you through your period of incarceration and positive changes forward,” Director Johnson said.

    Inmates’ Sarah Liaszenik,Tamila Alcoran, Mickie Kolo, Necia Hao, Ashley Nihipali, Juanita Grammer, Randikeli Banagan, Charisse Lawelawe and Ewalani Cluney earned a Certificate of Competence in the Mental Health Technician Program. Seven of the nine inmates attended Wednesday’s graduation ceremony.

    Individuals in the program earned nine college credits that encompass two required courses: Survey of Psychology and Conflict Resolution and Mediation and one elective psychology course. 

    In addition to earning a Certificate of Competence in the Mental Health Technician Program, Kolo, 52, received her Associate of Arts degree in Liberal Arts, the first woman to receive her AA degree awhile in custody at WCCC.

    “It was hard work and a long journey for me. It took a lot of discipline and a lot of focus and a lot of perseverance,” Kolo said after the ceremony. Earning an AA degree and certificate helped Kolo gain a positive outlook where she aims to continue her education and work as a case manager when she reenters the community.

    The nine graduates are participants of the WCC Pu‘uhonua Program which provides incarcerated individuals the opportunity to earn college credits through coursework and classes taught by WCC staff.

    WCCC Warden Ione “Noni” Guillonta said, “I’m very proud of them, all nine of them.” The AA and Mental Health Technician programs, Guillonta added, are examples of the efforts by WCC, WCCC and DCR’s Corrections Program Services – Education Services’ staff to better prepare inmates to transition back into the community when released from custody.

    WCC Chancellor Ardis Eschenberg said she is thankful for the partnership with DCR to help change the lives of female inmates. At the ceremony, Eschenberg addressed graduates: “Your palapala (degree) is your gateway to your next dream. It is a testament to your knowledge, your skills, your abilities and hard work. I wish each of you big dreams.”

    For graduation photos and videos, please go to: https://drive.google.com/drive/folders/1vxuBB1qfr_zupq0kWTaZ4_l8JpUqL96L.

    # # #

    Media Contact:

    Rosemarie Bernardo

    Public Information Officer

    Hawai‘i Department of Corrections and Rehabilitation

    Office: 808-587-1358

    Cell: 808-683-5507

    Email: [email protected]

    Website: https://dcr.hawaii.gov

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI United Kingdom: Inside the Oasis Restore secure school

    Source: United Kingdom – Executive Government & Departments

    YJB Chief Executive, Steph Roberts-Bibby reflects on her visit to the UK’s first secure school and its unique focus on education, healthcare and wellbeing.

    The secure school’s education centre.

    Back in May, I joined Minister Argar and the Youth Custody Service to visit the UK’s first secure school and explore its revolutionary approach to youth justice. As we toured the site, what stood out to me was an unmistakeable feeling of care.   

    The Oasis Restore secure school has now opened its doors and has started to welcome its first children.  

    What does the secure school offer?  

    The school, which was a former secure training centre, felt worlds away from my experiences as a prison officer at Feltham young offender’s institution (YOI) in 1997 and other adult prisons throughout my career, with more similarities to university accommodation than custody. The environment felt compassionate and child-orientated, nurturing children to change, grow and learn.  

    Security was built into the infrastructure without feeling oppressive, but still appropriately secure – there were no bars on the windows, no keys or locks, only wristband-operated fobs. It was these subtle differences that made me leave Oasis Restore feeling hopeful. 

    The bedrooms were calming and quiet with private ensuite bathrooms and built-in computer screens for doing homework and watching TV. The attention to detail throughout was evident. There was artwork on the walls, and soft blankets and sofas in the shared living spaces. These are incredibly important to help children learn to cohabit and foster a sense of community and responsibility. 

    Oasis Restore provides family rooms with kitchens so that children can cook and eat with their families when they visit. Our guide Dr Sadie pointed out that this can be very culturally important when living away from home, not least for successful rehabilitation but also for rebuilding existing family relationships. Siblings often visit with families, and evidence shows that intergenerational and sibling offending is common, so having a space promoting learning, togetherness and care is key to prevent further offending among families. 

    A shared living area in one of the flats at the secure school.

    The site boasts brand-new state-of-the-art facilities, including 3D printers in the design technology classroom, a hair and beauty salon and even music recording booths. While other sites do provide similar facilities, never had I seen them at this standard before. These facilities provide a wide range of educational opportunities, including core academic subjects and vocational training in areas like barbering, drama and catering, that children might otherwise have never been exposed to.  

    Therapeutic sensory rooms are also woven throughout the site. These supportive spaces have soft beanbags and padded walls to support children to regulate their emotions during the day and take time out when needed. 

    Looking to the future 

    As the tour was finishing, I stopped to speak to a restorative practitioner who was showing some of the creative activities on offer for children. She explained that she would be supporting children through every part of their day at Oasis Restore, be that walking with them to the education centre in the morning, or just being there to chat.  

    When I asked her what part of the new school she was most looking forward to, she said, “I’m just excited for the children to come now.” It’s clear that what makes this approach to youth custody different isn’t just the holistic model or the modern facilities; it’s the people.  

    Strong relationships between staff and children are at the heart of the Oasis model, to truly understand a child’s journey. Oasis Restore’s team are highly trained and committed to providing responsive, psychologically informed and developmentally appropriate models of support and education for children in their care. Relational practice is also crucial, with staff committed to loving children like their own, and this shone through from the practitioners I spoke with at the school.  

    The Oasis secure school is a prime example of how custody for children can and should be done: care-focused, needs-led and with children at the heart. This model inspires hope for the future about how we can best support children to go on to live crime-free lives and make our communities safer places with fewer victims. 

    What is a ‘secure school’?  

    The first-of-its-kind secure school in Rochester houses children who are on remand or sentenced to custody. But what exactly is a secure school? 

    Oasis Restore places education and healthcare at the heart of its approach to support children and steer them away from reoffending. This unique model was recommended by Charlie Taylor, the HM Chief Inspector of Prisons, who has long advocated for a different approach to children in custody. In 2016, prior to becoming Chair of the Youth Justice Board from 2017-2020, he conducted an independent review of the youth justice system 

    The Oasis Restore philosophy 

    At the Youth Justice Board, we have long advocated for a rethink of how children are cared for in custody. This is because our evidence tells us that to be effective, secure settings must be small and replicate a safe family home environment with a sense of community and trust. They should also have excellent healthcare and education provisions. 

    The Oasis Restore model mirrors this, and I was pleased to see that these values shine through when visiting the school. Oasis Restore is guided by the understanding that children are different from adults. Its philosophy ensures that each child’s voice is heard and valued, and opportunities are created for them to contribute within a school community.  

    In the words of the school: “Oasis Restore is a secure school enabling young people to live their best lives, through education, wellbeing, and hope.” 

    The secure school gives children the opportunity to make positive choices about their futures upon release from custody. By equipping them with essential skills and education, the school not only benefits children but hopes to reduce crime rates and make our communities safer places to live with fewer victims.  

    Who is the Oasis Restore secure school for? 

    Although the number of children in custody is the lowest on record since records began (an average of 440 children were in custody between 2022-23), we know that the children who remain in the secure estate are vulnerable and often have complex needs.  

    2021 Census data showed that more than three-quarters (79.8%) of people who went on to receive a custodial sentence had been identified with special educational needs (SEN) at some point during their schooling 

    Lower education levels are also likely. The same dataset also found that young adults who receive custodial sentences have lower levels of educational attainment, with only 37% achieving the expected level of English and maths by the end of key stage 2 compared with 53% of peers with non-custodial sentences.  

    In a 2022 joint inspection of education, training and employment services from HM Inspectorate of Probation, almost 65% of children had been excluded from school from at some point 

    Justice-involved children have also experienced higher levels of trauma throughout childhood and themselves are victims. This makes it crucial for the school to be care-focused, needs-led, and Child First. In one study of 80 children, over 75% had experienced family violence or child abuse  

    The secure school will care for children aged between 12-18-years-old who are on remand or sentenced to custody. It will be home to up to 49 children at any one time, both girls and boys. Every child will be enrolled in formal education or training and encouraged into further study or employment on release. This innovative new model of care will promote rehabilitation and contribute to positive outcomes for children, leading to fewer victims and safer communities. 

    The Discovery-i education centre at the secure school.

    What makes Oasis Restore different? 

    The Oasis Restore secure school is unique in its approach and Steve Chalke, founder of Oasis Charitable Trust, said to visitors at the opening event: “From the day children arrive, the focus is on preparing them for the day they leave.”  

    The school has been co-designed with children working with youth justice services and will be registered as both an academy and a secure children’s home. It will be inspected by Ofsted and held to the same standards as other schools across England.  

    While the current secure estate is not fit for purpose, the secure school offers a Child First redesign. It’s an innovative, holistic approach to custody for children within a secure setting. This is what distinguishes the secure school from existing youth custody provisions and sends a message to children that they are valued; something many may not have experienced growing up.  

    I spoke to a colleague from NHS England during the visit, a key partner in the development of the school, and heard about just some of the wellbeing services on offer, including advice on dieting, smoking, body image, as well as wider mental health and physical health support.  

    Education at the school is based on the reflective practice model, with a therapeutic approach to learning. It is recognised that many of the children who will live at the secure school are likely to be disengaged from education and so staff are specially trained to focus on one-to-one support and children’s individual needs, which their curriculum will be tailored around.  

    A place of hope 

    The secure school is a place where children can feel safe and be supported by well-trained staff who are committed to developing positive purpose. We at the YJB support and advocate this approach in line with the evidence base. I echo the words of Ed Cornmell, Executive Director of the Youth Custody Service, when he says the school represents a “revolutionary change for the youth justice system.” 

    Find out more about the Oasis Restore secure school

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 4 October 2024

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI: Beneficient Appoints Patrick J. Donegan to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 04, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company, today announced the appointment of Patrick J. Donegan as an independent member of the Company’s Board of Directors as of September 30, 2024. In addition to being an independent director, he was appointed to serve on the Audit, Products and Related Party Transactions, Credit and Enterprise Risk committees of the Board.

    Mr. Donegan brings almost thirty years of compliance, legal, banking and capital markets experience to Ben, having held various senior compliance positions, including as Chief Compliance Officer, for bank holding companies and broker dealers and as Assistant General Counsel for a securities company. Over the course of his career, Mr. Donegan has attained eleven FINRA licenses and two certifications from the American Bankers Association, including the Certified Regulatory Compliance Mangers designation, and currently holds a Certified Anti-Money Laundering Specialist certification.

    “Our Board worked to identify a new, independent director who would bring unique skills and senior experience to support Ben’s commitment to operate using industry best practices,” said Beneficient’s CEO and Chairman Brad Heppner. “I am pleased to welcome Patrick to Ben’s Board. Patrick’s extensive legal and regulatory compliance experience – specifically within the FinTech industry – will provide valuable leadership and governance insights to the Board.”

    Mr. Donegan received a Bachelor of Science in Accounting from St. John’s University and a J.D. from St. John’s University School of Law. Mr. Donegan currently serves as a Senior Adviser at Premier Consulting Partners, Inc., a consulting firm focused on operational risk evaluation and compliance, and previously served as the Global Chief Compliance Officer of OKX Group from August 2023 to January 2024. From 2015 to 2023, Mr. Donegan held various leadership positions at Signature Bank, including Chief Compliance Officer, Senior Vice President and Sanctions Compliance Officer. Mr. Donegan’s professional career has also included positions with a number of prominent investment banks, including Cantor Fitzgerald, RBC, Guggenheim, BNP Paribas and Nat West, and compliance roles at Mitsubishi UFJ and Hudson City Bancorp. Through his legal experience and compliance officer roles, Mr. Donegan has developed expertise in identifying risks and establishing policies and procedure to effectively manage those risks. Mr. Donegan’s understanding of banking and capital markets rules and the related regulatory processes will benefit the Company’s efforts to maintain industry best practices across the organization.

    About Beneficient

    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds − with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.

    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

    For more information, visit http://www.trustben.com or follow us on LinkedIn.

    Investors

    investors@beneficient.com

    Contacts

    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    Disclaimer and Cautionary Note Regarding Forward-Looking Statements

    Certain of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission (the “SEC”). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

    The MIL Network –

    January 23, 2025
  • MIL-OSI United Kingdom: Flourishing Lives: all welcome at our Older Persons’ Day pop-up events

    Source: St Albans City and District

    Publication date: 04 Oct 2024

    Four fun and informative pop-up events are to be held across St Albans District to celebrate Older Persons’ Day.

    St Albans City and District Council has organised the events, called Flourishing Lives, along with partner organisations to highlight the contribution older people make to our community.

    There will be opportunities to socialise and find out about services that keep older residents safe, connected and independent.

    Anyone can drop in for a chat over a cup of tea at the pop-up events in St Albans, Wheathampstead, London Colney and Redbourn.

    Council officers will be available to explain a range of services including housing and the welfare benefits older people may be entitled to.

    Citizens Advice, Communities 1st, Age UK and other groups which work with older people will be present. Information on issues such as the location of warm spaces during cold spells will be available.

    Representatives from Hertfordshire Police, Trading Standards and the Fire Service may be in attendance to talk about issues such as crime prevention.

    Free refreshments will be provided with the pop-ups taking place at:

    • Wheathampstead, Marford Memorial Hall, Monday 21 October, 10am to 12:30pm;
    • St Albans Civic Centre, Wednesday 23 October, 1pm to 3:30pm;
    • Redbourn Village Hall, Thursday 24 October, 9:30am to 12pm;
    • London Colney Caledon Centre, Monday 28 October 10am to 12:30pm.

    The International Day of Older Persons is celebrated around the world every year in early October and is followed by weeks of special events.

    Amanda Foley, the Council’s Chief Executive, said:

    It is important that we join in with organisations all over the world to celebrate our fantastic older people and the great contribution they make to our communities.

    We also want to make older people aware of all the services and opportunities available to them so they can lead fulflling lives and not become socially isolated.

    These free events offer information about how to participate in a range of social and fund activities, including art and keep-fit clubs. There will be details about volunteering too.

    These are relaxed occasions. Everyone is welcome to drop in for a chat, pick up leaflets, discover new activities and discuss any issues they have.

    Media contact: John McJannet, Principal Communications Officer, St Albans City and District Council: 01727-919533; john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI Europe: Third State University Moot Court Competition held in Mostar

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Third State University Moot Court Competition held in Mostar

    The Faculty of Law of the University of Mostar organized jointly with the High Judicial and Prosecutorial Council of BiH (HJPC BiH), the International Organisation for Migration (IOM), and the OSCE Mission to BiH (Mission) the Third State University Moot Court Competition in Mostar. (OSCE) Photo details

    Mostar, 4 October 2024 – From 2 to 4 October the Faculty of Law of the University of Mostar organized jointly with the High Judicial and Prosecutorial Council of BiH (HJPC BiH), the International Organisation for Migration (IOM), and the OSCE Mission to BiH (Mission) the Third State University Moot Court Competition in Mostar. 16 law students and their professors from the law faculties in Zenica, Tuzla, Bihać and Mostar attending the competition were able to present their best skills and knowledge in the jurisprudence of the European Court of Human Rights (ECtHR).
    The competition was divided in several phases: in May 2024, a case study on the rights of vulnerable groups and trafficking in human beings was developed by the Mission and distributed to the teams to prepare written submissions in July 2024. The final round in October focused on the teams’ oratory skills in presenting their arguments.
    The written submissions of each team of four students and a mentor were evaluated and presented before the panel of judges composed of members of the justice community in BiH: the Court of BiH, the Ombudsman Institution, the Constitutional Court of BiH, other courts, prosecutor’s offices, and the Bar.
    This competition was designed to highlight the talent of young legal professionals vis-a-vis important rule of law and human rights issues advocated by the Mission. It was an excellent opportunity to build students’ legal analytical skills, increase their capacity to develop briefs, and provide a forum to practice oral argumentation before prominent legal professionals in BiH. In addition, the teams have enhanced their practical knowledge of applying the European Convention on Human Rights in accordance with rules and procedures that apply before the European Court of Human Rights.
    Representing the students, Ms. Magdalena Zelenika, deputy president of the Student Union of the Faculty of Law, University of Mostar underlined the importance of the competition in simulating trial before the ECtHR for education and professional development. “It allowed us to apply theoretical knowledge in practice, and at the same time we got the opportunity to co-operate with the best legal experts in the country. These experiences have further motivated us to continue working on ourselves and prepare for the challenges of the legal profession that await us”, she added.
    Ms. Sanela Gorušanović Butigan, Deputy President of the HJPC BiH pointed out that for the third year in a row the HJPC BiH supports the implementation of this competition, which is important for the professional development of students and the improvement of legal education.
    “Our commitment to improving education through the practical application of theoretical knowledge was confirmed by the adoption of the Guidelines on long-term cooperation between judicial institutions and law faculties. These Guidelines, adopted in February 2023, resulted in the active engagement of the majority of judicial institutions, including the HJPC BiH, which shows the commitment of the judiciary to contribute to the quality education of future legal experts,” said Deputy President Gorušanović Butigan.
    “We see the topics that you have researched in the past few weeks as extremely relevant for the BiH context – rule of law and fundamental freedoms are high on the agenda of the Mission and they are an important part of BiH’s path towards the EU”, stated Mr. Jiri Rous, Head of the Mission’s Field Office in Mostar. “This competition proves to be a valuable opportunity for the young people from different parts of the country to meet, learn together and network”, he noted.
    The Mission commends the hard work of the participating teams in the past several months, congratulates to the winners and stands ready to support the activity in the future.

    MIL OSI Europe News –

    January 23, 2025
  • MIL-OSI Europe: OSCE Mission supports Kosovo Academy for Public Safety to sign co-operation agreement with North Carolina Justice Academy

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE Mission supports Kosovo Academy for Public Safety to sign co-operation agreement with North Carolina Justice Academy

    OSCE Mission supports Kosovo Academy for Public Safety to sign co-operation agreement with North Carolina Justice Academy | OSCE
    Skip navigation

    Navigation

    Navigation

    Home Newsroom News and press releases OSCE Mission supports Kosovo Academy for Public Safety to sign co-operation agreement with North Carolina Justice Academy

    MIL OSI Europe News –

    January 23, 2025
  • MIL-OSI Security: Murder investigation launched after man fatally stabbed in Ilford

    Source: United Kingdom London Metropolitan Police

    Detectives have launched a murder investigation after a man was found stabbed at a residential property in Ilford.

    Police were called at 01.06hrs on Friday, 4 October to reports of a stabbing in Chapel Road, Ilford.

    Officers and the London Ambulance Service attended and found a 50-year-old man suffering from a stab injury in the corridor of a block of flats.

    Despite the best efforts of the emergency services, he was pronounced dead at 01:30hrs.

    His next-of-kin have been informed and are being supported by specialist officers.

    The investigation is being led by detectives from the Met’s Specialist Crime Command.

    Officers carried out fast-paced enquiries and three men, aged 40, 36 and 28, were arrested shortly after on suspicion of murder. They were taken to an east London police station where they remain in custody.

    Detective Chief Superintendent Lewis Basford, who is in charge of policing for the East Area Basic Command Unit, said: “My thoughts are first and foremost with the man’s friends and family. I understand this incident will cause concern in the local community, but I’d like to reassure you that this investigation is progressing at pace led by specialist detectives.

    “However, I’d encourage anyone who has any information who hasn’t spoken to us yet to get in touch. My officers will continue to patrol the area over the next few days to offer reassurance and listen to your concerns.”

    Detective Chief Inspector Kelly Allen, who is leading the investigation, said: “My team have been busy carrying out a number of enquiries and we have already arrested three people in connection with the murder. However, our investigation continues and I’d appeal to anyone who has any information, no matter how small, to contact my team so we can ensure those responsible for this heinous crime are brought to justice.”

    Anyone with information is asked to call the police on 101 quoting CAD 298/04OCT. Alternatively, you can contact the independent charity Crimestoppers anonymously on 0800 555 111 or visit crimestoppers-uk.org.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI Russia: Putin and Sobyanin opened an innovative practical platform in Rudnev

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On the Day of Secondary Vocational Education, Russian President Vladimir Putin, Moscow Mayor Sergei Sobyanin and Russian Minister of Education Sergei Kravtsov opened the Rudnevo practical training site for Moscow colleges.

    “We have started building a large area related to education. This is secondary vocational education. This building where we are is an intercollegiate center for training specialists on high-tech equipment. Next, a laboratory complex is being built. Next, a building for the Stankin University is being built, where there will be a student training center, their laboratories and production areas. Next, a building for the production of Rostec machine tools will be built. So this is a large machine-building complex that will be a center of competence for our country,” the Moscow Mayor said.

    The Rudnevo site is the first innovative educational space for practical training of qualified personnel taking into account the needs of the Moscow economy, which is the largest production and scientific-engineering center of Russia. More than 4.5 thousand enterprises operate here and over 750 thousand people work.

    Educational platform “Rudnevo”

    The college training platform was created taking into account the new concept of secondary vocational education (SVE) development. The capital’s industrial enterprises took part in the development of the project. Advanced training programs, workshops equipped with the most modern equipment, close cooperation with future employers ensure high quality training of sought-after specialists.

    The educational platform is located in the industrial park “Rudnevo”, which is part of the special economic zone “Technopolis Moscow”. College students will study on the same territory with industrial partners – future employers.

    “The site’s capacity allows for training more than three thousand people per year. Practical classes are conducted by the most competent and experienced master teachers and employees of partner employers. Students from 15 Moscow colleges will be the first to undergo practical training here. A Center for Professional Competencies has also been created on the site. Its tasks include updating educational programs and forecasting the emergence of new competencies,” he wrote in his

    telegram channel Sergei Sobyanin.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    The building with a total area of 9.1 thousand square meters houses a high-tech complex, which includes 21 workshops and laboratories. It is as close as possible to the conditions of real production. Here, students will be able to practice professional skills in production conditions in such areas and specialties as:

    — mechanical engineering (assembly mechanic, turner, milling machine operator, operator of CNC machines, general machine operator, welder (manual and partially mechanized welding – surfacing), adjuster of machines and equipment in mechanical processing, specialist in the quality control department);

    — electronics (installer of electronic equipment and devices, assembler of electronic equipment and devices, adjuster of electronic equipment and devices, SMD line operator);

    — automation of production (specialist in servicing mechatronic and robotic systems, fitter of control and measuring instruments and automation, specialist in additive technologies);

    — aviation industry, including unmanned aircraft systems (UAS) (aircraft electrical equipment fitter, aircraft equipment assembler, aircraft composite parts assembler, unmanned aircraft system operator up to 30 kilograms).

    Thanks to cooperation with residents of the Rudnevo Industrial Park, all conditions for training have been created on the site. Workshops and laboratories are equipped with equipment that is installed in production facilities, and the training programs take into account the needs of future employers.

    The training and production complex of the site includes three blocks.

    The industrial block consists of a section where CNC machines are installed, laboratories for metrology, standardization and certification, precision digital measurements, mechanical engineering design, as well as testing grounds for turning, milling machines, and metalworking and welding work.

    The UAS production site includes areas for programming, installation of aviation and electronic equipment, final assembly of UAS, modeling and manufacturing of molds, composite materials, unit and modular assembly, as well as laboratories for aerodynamics, aeromechanics and UAS data analysis.

    The multi-profile unit consists of metalworking and electrical installation workshops, laboratories for technical systems control, materials science and composite materials, pneumatic and hydraulic systems.

    The uniqueness of the workshops is that they allow for a full-fledged production process to be organized. At the UAS site, students will be able to manufacture drone bodies, solder electronic boards, program, assemble, pilot, and decipher flight data, and in the mechanical engineering zone, they will be able to do metalwork and evaluate the quality of finished products.

    Large industrial enterprises take part in the practical training of students. Among them are the Moscow machine-building plants Avangard and Skorost, the production complex Salut, the National Helicopter Manufacturing Center named after M.L. Mil and N.I. Kamov, the Moscow Design and Production Complex Universal named after A.I. Privalov, the companies Gaskar Group, Kronstadt, Aeromax, Nyukon Energy, CARS, Vemina Aviaprestige, Monolith, Aeropribor-Voskhod.

    Preparing students at the educational site “Rudnevo”

    The capacity of the Rudnevo educational site allows it to train more than three thousand students per year.

    In the 2024/2025 academic year, practical training will be provided to students from 15 secondary specialized educational institutions. These include Polytechnic College No. 8 named after I.F. Pavlov, Polytechnic College named after N.N. Godovikov, Moscow State Educational Complex, College of Communications No. 54 named after P.M. Vostrukhin, College of Automation and Information Technology No. 20, Educational Complex “Yugo-Zapad”, Moscow Industrial College, College of Architecture, Design and Reengineering No. 26, College of Hospitality Industry and Management No. 23, Police College, Moscow College of Business Technologies, College of Modern Technologies named after M.F. Panov, College of Entrepreneurship No. 11, First Moscow Educational Complex and Technological College No. 24.

    Depending on the specialty, students will be able to complete a single professional module in one of the courses or work on site for the entire period of study. In addition, they will have the opportunity to find employment at a partner enterprise. In this case, you can complete your studies according to an individual schedule.

    Practical classes will be conducted by competent and experienced master teachers, as well as representatives of partner employers. In total, 42 masters of industrial training from Moscow colleges and 40 current employees of industrial enterprises of the capital will be able to teach at the site.

    A center of professional competencies has been created on the basis of the site. Here they will be engaged in updating educational programs taking into account the prospective development of science and production technologies, forecasting the emergence of new competencies based on the transformation of production and including them in training programs, as well as methodological support for industrial training masters and improving their pedagogical and professional skills. Cooperation with the country’s leading engineering universities, such as the Moscow State Technological University (MSTU) “Stankin” and the Moscow State Technical University named after N.E. Bauman, will help solve these problems.

    In addition, an entrance control of students’ readiness to master programs at the Rudnevo educational platform is provided. For this purpose, the center of professional competencies will interact with partner colleges, providing them with methodological and consulting support.

    Each student has an individual work place on the site. The logistics of the classrooms are well thought out: for example, there are areas for project and group work. Modern public spaces will make extracurricular time comfortable.

    In the coworking space, students can work on projects, discuss ideas, and analyze situations they have considered in class. The assembly hall is designed for conferences and business events.

    The college has a 147-seat canteen where students on a budget are provided with free hot meals. On the third floor there is a cafe whose products are produced and sold by students of Moscow food colleges.

    In addition to the practical training platform for colleges, the Moscow Government, together with MSTU Stankin, is implementing a project within the framework of which the first competence center for the machine tool industry in the country is being created in Rudnev.

    The 19.5 thousand square meter building will house a tool and equipment testing center, an expert analysis center, a design bureau, pilot production, a reverse engineering center, and a numerical control center.

    The center will be able to train and practice about a thousand students per year. The site also organizes pilot and small-scale production of specialized products.

    On the industrial policy of the city of Moscow

    Modern Moscow is the largest industrial and scientific-engineering center of Russia. There are more than 4.5 thousand industrial enterprises in the capital, employing more than 750 thousand people.

    Every year, 150 new technology companies open in Moscow and dozens of investment projects are implemented, providing the city with additional jobs. By 2030, the number of industrial production facilities will increase to 5.5 thousand, and their employees – to 850 thousand. The total area of industrial infrastructure will grow from 14 million square meters to 21 million.

    The manufacturing industry is the driving force behind Moscow’s economic development.

    “I will say about industry that in general it is actively developing. Over the past five years, I reported, the manufacturing industry has doubled,” said Sergei Sobyanin.

    By the end of 2024, private and public investment will amount to 310 billion rubles. According to forecasts, by 2030 they will grow by 620 billion rubles – to 930 billion rubles.

    One of the effective measures to support the city is the localization of industrial enterprises in the special economic zone “Technopolis Moscow”. This is the center for the development of the capital’s advanced high-tech industry, which includes six sites with a total area of more than 280 hectares. More than 1.5 million square meters of industrial and public-business areas have been built here. The plan is to increase this figure to 3.8 million square meters by 2030.

    Today, there are more than 220 enterprises operating in Technopolis Moscow, 112 of which have resident status and receive tax preferences. Residents are exempt from paying property, land and transport taxes for 10 years, and the income tax rate for them is only two percent instead of 20.

    During the operation of the special economic zone, companies invested about 330 billion rubles in the development of their high-tech production facilities and created 22 thousand jobs. The volume of investments from the Moscow budget amounted to almost 135 billion rubles.

    Innovative developments of enterprises can be applied in various fields – from microelectronics to medicine and space. Among them are optical multiplexers, portable ultrasound machines, mobile ventilator complexes, multifunctional amphibious robots designed for reconnaissance and liquidation of consequences of accidents at various flooded objects, nuclear power plants and mines.

    Another tool for developing Moscow industry is clustering. By 2030, more than 13 inter-industry clusters will operate in Moscow – this is over seven million square meters of production space and 100 thousand jobs.

    Thus, one of the largest pharmaceutical clusters in the country, which includes 13 companies, is successfully operating at the Alabushevo site of the Technopolis Moscow special economic zone. A photonics and microelectronics cluster has also opened there, with 61 companies participating. Total investments in this site amounted to 137.9 billion rubles, of which 7.9 billion rubles were invested by the Moscow Government. Total investments will grow to 353 billion rubles by 2030.

    Two years ago, the Moscow cluster of electric vehicle manufacturing began its work. It included 64 companies, most of which receive benefits from the city. In particular, they are exempt from paying property, land and transport taxes.

    One of the important projects is the construction of the first gigafactory in Russia for the production of batteries. The city has signed an offset contract for the supply of batteries for public electric transport. The total purchase amount will be 172 billion rubles over six years. The enterprise will produce 50 thousand batteries per year, which will cover about 40 percent of the needs of the Russian market. The opening of the production will create 900 new jobs. The total investment in the project is 52 billion rubles, of which 25 billion rubles were allocated by the Moscow Government, and 27 billion are private funds.

    On behalf of the President of the Russian Federation Vladimir Putin, a new industrial park was opened in Rudnevo in 2023. Federal Center for Unmanned Aircraft Systems. Today it unites 11 leading developers and manufacturers of unmanned aircraft systems. The enterprises have created more than 2.8 thousand jobs. Investments in the industrial park “Rudnevo” amounted to 97 billion rubles, of which 20 billion rubles are private funds, and 77 billion rubles were invested by the Government of Moscow. By 2030, a total of 490 billion rubles will be invested.

    Work is currently underway to form food and construction clusters in TiNAO.

    The food cluster will build over 800 thousand square meters of industrial space and create 11.4 thousand jobs. Private investments will reach almost 90 billion rubles.

    The opening of the construction cluster will create 30 thousand jobs. More than 1.6 million square meters of industrial real estate will be built within its boundaries. Private investments will amount to almost 145 billion rubles.

    In the capital it is being created shipyard for the production of electric ships. Its capacity will occupy 23 thousand square meters. Commissioning is scheduled for the first quarter of 2025. The enterprise will provide more than 500 new high-tech jobs. Investments from the Moscow Government amount to more than 4.6 billion rubles.

    In addition, two new large industrial clusters will appear in TiNAO – automobile manufacturing and eco-industrial. In total, almost 23 thousand highly qualified jobs will be created there.

    Sobyanin named innovative clusters that will be created in New Moscow

    A cluster of innovative technologies in the field of construction is being created on the basis of OOO “Innovative Technology Plant – Monarch”. Last year, the first stage was put into operation – this is an experimental plant with an area of 26.6 thousand square meters. The volume of investments amounted to 3.4 billion rubles. Today, 500 people work here.

    A glass cluster is also being built in TiNAO. 120 hectares will be allocated for it for facilities with a total area of 840 thousand square meters. 9.6 thousand jobs will appear here. Investments will exceed 105 billion rubles. The implementation of the project will allow to cover the need for special glass, including medical glass.

    The elevator construction industry is quite promising for investment. The departure of foreign companies from the domestic market opens up new opportunities for capital enterprises to occupy vacant niches. Thus, on the basis of the Karacharovsky Mechanical Plant, a cluster of elevator construction and vertical transport of Moscow is being formed, which will accelerate the development and localization of vertical transport production in Russia.

    The National Space Center is being built on the territory of the Khrunichev State Research and Production Space Center. This is a large-scale project implemented jointly with Roscosmos. According to preliminary estimates, about 27 thousand jobs will be created on the site.

    Moscow has historically had a strong scientific base. Today, in the R sphere

    There are 735 higher education institutions (excluding branches) in Russia. At the same time, every fifth university is located in Moscow, which confirms the presence of significant human resources potential in the capital and the high level of training of students for work in high-tech enterprises.

    Today in Moscow, specialists in engineering and technical fields are trained at the Bauman Moscow State Technical University, the Stankin Moscow State Technological University, the Moscow Institute of Physics and Technology, the Lomonosov Moscow State University, the National Research Nuclear University MEPhI, the MISiS University of Science and Technology and other leading universities.

    In order to increase the number of qualified personnel annually graduating for the industrial sector, the Moscow Government is modernizing the system of secondary vocational education and implementing accelerated training of engineering personnel.

    Industrial Park “Rudnevo”

    “Rudnevo” is an industrial park within the SEZ “Technopolis Moscow”, built in the east of the city in record time to accommodate critically important production. This is an example of a modern high-tech industrial park, where it is convenient to work, study, create production and educational clusters.

    Construction work in Rudnev began at the end of 2020. During the construction of production buildings, domestic materials were used (for a number of items, import substitution was 100%) and modern technologies, which made it possible to reduce construction time by 35-50 percent, and the cost of work by 10-15 percent.

    Currently, 21 production buildings with a total area of 377 thousand square meters have been erected, including a pilot production facility and a design bureau. Additional production buildings are in the active stage of construction, as well as a social infrastructure building, which will house laboratories, office space, a training center and other social facilities for company employees.

    In the future, 21 thousand highly qualified jobs will be created at the enterprises in Rudnev, primarily for residents of the rapidly developing Moscow districts of Kosino-Ukhtomsky, Vykhino-Zhulebino and Nekrasovka, as well as the urban district of Lyubertsy in the Moscow region.

    Thanks to the SEZ regime, companies – residents of Rudnev receive significant tax benefits. In particular, they are exempt from property, transport and land taxes. The income tax rate for them is only two percent. Residents have a free customs zone regime and land lease benefits.

    In addition to the Federal Center for Unmanned Aircraft Systems, the Rudnevo Industrial Park also houses a production building for the Almaz-Antey Air Defense Concern and an industrial complex for PJSC Yakovlev, which currently produces wing kits for the MS-21 medium-range aircraft.

    In addition, enterprises producing ATMs, electrical capacitors, absorbent linen, equipment for industrial waste sorting, and others have set up their production facilities in Rudnev.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11847050/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Security: Middle Landing  — Have you seen this stolen trailer?

    Source: Royal Canadian Mounted Police

    The Chaleur Region RCMP is seeking the public’s help locating a stolen trailer near Middle Landing, N.B.

    The theft is believed to have occurred sometime after 5 p.m. on September 18, 2024, and before 1:40 p.m., on September 22, 2024, at a residence on Anacon Road, near Middle Landing.

    The trailer is described as a white 2011 Heartland North Trail, with New Brunswick licence plate TNJ 338, and vehicle identification number 5SFNB3121BE229775.

    If you have seen the trailer since September 18, or if you have information that could help further the investigation, please contact the Chaleur Region RCMP at 506-548-7771. Information can also be provided anonymously through Crime Stoppers at 1-800-222-TIPS (8477), by downloading the secure P3 Mobile App, or by Secure Web Tips at http://www.crimenb.ca.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI USA: Texas Hospital CEO to Pay Over $5.3M to Settle Kickback Allegations Involving Laboratory Testing

    Source: US State of Vermont

    Former hospital chief executive officer (CEO) Jeffrey Madison, of Georgetown, Texas, has agreed to pay $5,343,630 to resolve allegations under the False Claims Act involving illegal payments to physicians for laboratory referrals in violation of the Anti-Kickback Statute. Madison also has agreed to cooperate with the Justice Department’s investigations of, and litigation against, other participants in the alleged schemes.

    “The Justice Department will continue to pursue individuals — including C-suite executives — who commit health care fraud,” said Principal Deputy Assistant Attorney General Brian M. Boynton, head of the Justice Department’s Civil Division. “Kickbacks to physicians from laboratories or other healthcare providers can undermine healthcare decision-making, subject patients to unnecessary medical services and waste taxpayer funds.”

    The Anti-Kickback Statute prohibits offering, paying, soliciting or receiving remuneration to induce referrals of items or services covered by Medicare, Medicaid and other federally funded health care programs. The Anti-Kickback Statute is intended to ensure that medical providers’ judgments are not compromised by improper financial incentives and are instead based on the best interests of their patients.

    The settlement announced today resolves allegations in a lawsuit alleging that Madison, the former CEO of Little River Healthcare (Little River), a critical access hospital in Rockdale, Texas, caused the submission of false claims for laboratory testing to Medicare, Medicaid and TRICARE from January 2015 to June 2018. Madison allegedly agreed to a kickback scheme in which Little River paid commissions to recruiters who used purported management service organizations (MSOs) to pay kickbacks to doctors to induce their laboratory testing referrals to Little River. The settlement resolves allegations that Madison knowingly signed, and caused others to sign, false certifications in Medicare cost reports regarding Little River’s compliance with the Anti-Kickback Statute, and thereby caused the submission of false claims to federal health care programs.

    In addition, the settlement resolves allegations in the same lawsuit that, after defendant Doyce Cartrett Jr., M.D., of Silsbee, Texas, informed Little River of his potential laboratory testing referral volume, Madison agreed to have Little River pay Cartrett $2,000 per month in kickbacks disguised as purported medical director fees from February 2015 to May 2017, to induce Cartrett to shift his laboratory testing referrals to Little River. Madison allegedly agreed for Little River to pay the monthly fees, even though Little River did not receive any genuine medical director services from Dr. Cartrett.

    Madison did not contest, and accepted responsibility for, the allegations against him in the United States’ amended complaint. Under the terms of the settlement agreement, Madison was excluded from participating in federal healthcare programs for 25 years. The lawsuit is captioned United States, et al. ex rel. STF LLC v. True Health Diagnostics LLC et al., No. 4:16-cv-547 (EDTX).

    “Seeing past a corporate entity and holding individuals responsible for making the decisions to engage marketers to pay providers for their laboratory referrals is what justice requires,” said U.S. Attorney Damien M. Diggs for the Eastern District of Texas. “This settlement is a testament to our continued efforts to combat fraud against our federal healthcare programs and to hold accountable all participants who profited from knowingly violating the laws meant to guard against overutilization of medical services and protect the public fisc.”

    “Illegal kickback payments, even when disguised as medical director fees, undermine and corrupt the medical decision-making process,” said Special Agent in Charge Jason E. Meadows of the Department of Health and Human Services Office of Inspector General (HHS-OIG). “Both the payer and recipient benefit from these schemes, but it is ultimately the taxpayers who foot the bill. HHS-OIG will continue collaborating with law enforcement and prosecutors to protect the Medicare trust fund that millions of Americans depend on.”

    “Our nation’s uniformed military service members and their families should never have to question the integrity of their healthcare providers,” said Acting Special Agent in Charge Ryan Settle of the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Southwest Field Office. “Medical decisions influenced by greed destroy the fundamental element of trust in patient care. This settlement reinforces the commitment the DCIS shares with our law enforcement partners and the Justice Department to pursue all available remedies against those who conspire to commit fraud against our Military Health System.”

    The settlement was the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section, and the U.S. Attorney’s Office for the Eastern District of Texas, with assistance from HHS-OIG and DCIS. The United States has recovered over $52 million relating to conduct involving MSO kickbacks to health care providers, which includes recoveries from 46 physicians.

    Trial Attorneys Christopher Terranova and Gavin Thole of the Civil Division’s Commercial Litigation Branch, Fraud Section, and Assistant U.S. Attorneys James Gillingham and Betty Young for the Eastern District of Texas handled the case.

    The government’s pursuit of this matter illustrates the government’s emphasis on combating health care fraud. One of the most powerful tools in this effort is the False Claims Act. Tips and complaints from all sources about potential fraud, waste, abuse and mismanagement can be reported to HHS at 1-800-HHS-TIPS (800-447-8477).

    Settlement

    MIL OSI USA News –

    January 23, 2025
←Previous Page
1 … 953 954 955 956 957 … 1,000
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress