Thursday, May 14, 2009

Guatemala police arrested I.T. professional Jean Ramses Anleu Fernández at his Guatemala City home on Thursday on charges of having incited financial panic via messages posted to the Twitter social networking web site. Known as “Jeanfer” on Twitter, Anleu Fernández’s home was raided and his computer seized after he posted a message (known as a “tweet”) on Tuesday afternoon proposing that people “withdraw cash from Banrural, and break the bank of the corrupt,”

^{((Translated from Spanish))Spanish: “sacar el pisto de Banrural” quebrar al banco de los corruptos} a response to high profile allegations that the Guatemalan Banrural bank is involved in corruption.

Anleu Fernández’s message was posted with the tag “#escandalogt,” identifying it as part of an ongoing discussion on the scandal that broke on Monday when a video recorded by assassinated Guatemalan attorney Rodrigo Rosenberg was distributed at Rosenberg’s funeral and posted to the Internet. In the video, recorded days before he was shot while riding his bicycle in Guatemala City, Rosenberg accuses President of Guatemala Álvaro Colom of complicity in his death. Rosenberg also accused President Colom of responsibility for the April murder of Rosenberg’s client, Khalil Musa, alleging that Musa was killed because he refused to cooperate in corrupt business deals operating within the structure of Banrural, a partly state-run bank. Musa had been appointed by President Colom to the board of Banrural.

Anleu Fernández was arrested according to a law which specifies fines of Q5,000-Q50,000 Guatemalan quetzales (about $600-$6,000 U.S. dollars) and 1-3 years of prison for those who “elaborate, divulge or reproduce in any media or communication system, false or inexact information which harms the confidence of customers, users, depositors or investors”^{((Translated from Spanish))Spanish: elabore, divulgue o reproduzca por cualquier medio o sistema de comunicación, información falsa o inexacta que menoscabe la confianza de los clientes, usuarios, depositantes o inversionistas} of an institution under the jurisdiction of the Superintendent of Banks. Prosecutor Genaro Pacheco told journalists that Anleu Fernández admitted to sending the message in question.

Friday, June 29, 2007

The European Union banned all of Indonesia’s air carriers yesterday, none of which presently operate services to Europe, as well as several from Russia, Ukraine and Angola. They are the latest additions to the already extensive List of air carriers banned in the EU. The ban is scheduled to come into effect on July 6. Just hours after the ban a Boeing 737 operated by one of the blacklisted airlines, TAAG Angola Airlines, crashed into a house during landing, causing at least six fatalities in Northern Angola.

Indonesia currently has 51 airlines, having grounded several and revoked the licences of others on June 25. The EU said that substandard maintenance and operation and a slow reaction by Indonesia to solve the problem were the main causes of the ban. EU holidaymakers who have booked flights with banned airlines via travel agents will be refunded for the services.

EU transport commissioner Jacques Barrot said of the ban “Once more, the EU blacklist will prove to be an essential tool not only to prevent unsafe airlines from flying to Europe and to inform passengers travelling worldwide, but also to make sure that airlines and civil aviation authorities take appropriate actions to improve safety.”

Operations and safety editor at Flight International David Learmount commented that Indonesia, whose airline industry was deregulated the early 1990s, is one of a handful of cases where deregulation has lowered safety standards instead of improving them, saying of the move by the EU “Standards in aviation safety have been going up dramatically on a worldwide basis, but there are still places where they are [of the standards of] the 70s and 80s. In Indonesia the safety watchdog was told earlier this year to pull its socks up, but the EU is clearly convinced that it has not done so.”

One unnamed EU official was reported by The Guardian to have described Indonesia’s civil aviation authority as “not very reliable”, referring to a lack of reaction to warnings of an imminent ban and requests that Indonesia reassured officials that the problem was being dealt with.

Indonesia has responded to the ban by saying that, according to information unseen by the EU, Indonesian safety standards are rising. Director-general of civil aviation at the Indonesian transport ministry Budhi Mulyawan Suyitno told Reuters new agency that, “Our data can show them that we have improved on every line. The US had already downgraded Indonesia’s safety rating earlier this year.

Also affected by the bans are Ukraine’s Volare Aviation, while Russia has imposed bans on four of its airlines after consulting the EU and restricted six others, Bulgaria has revoked the licences of six cargo airlines and Moldova has banned eight airlines.

Meanwhile, Pakistan International Airlines, subject of a controversial EU ban earlier this year, had restrictions on some of its aircraft lifted. The airline’s fleet of Boeing 777s and some of their Boeing 747s and Airbus 310s will now be allowed back into European airspace.

The announcements come after three accidents involving Indonesian airliners – the New Year’s Day crash of Adam Air Flight 574, which killed 102 people, the subsequent accident involving Adam Air Flight 172, which cracked in half on a hard landing but held together, preventing serious injury, and the March crash of state-run Garuda Indonesia Flight 200, which claimed 23 lives. All the accidents involved ageing Boeing 737 aircraft.

Tuesday, December 16, 2014

A freighter hit a fishing boat around midnight on Sunday morning in the Gulf of Suez in the Red Sea. Of the 40 Egyptian fisherman on board, thirteen are dead and thirteen more missing.

Survivor Al Sayyed Mohamed Arafat told local media he jumped from the fishing boat, named Badr al-Islam, as the container ship approached. He says he hung onto a wooden crate for four hours before rescue. Local authorities have promised compensation to each survivor.

A vessel, flagged in Panama, suspected to be involved in the collision has been detained by the military. The army said yesterday one victim raised the alarm by phone and the military sent four boats and a helicopter to commence search and rescue off the Gabal al-Zayt coastline.

A plane has since joined the search. The military say the fishing boat lacked safety equipment for emergency communications.

The detained ship was found south of the Gulf, near the port of Safaga. It was carrying 220 tonnes of cargo according to the General Authority for the Red Sea Ports.

Thursday, December 31, 2015

The Financial Conduct Authority, one of Britain’s banking sector regulators, indicated it has decided to drop an inquiry into banking culture, including practices and payment of banking staff. The inquiry was intended to review “whether culture change programmes in retail and wholesale banks are driving the right behaviour, in particular focusing on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted on”.

A spokesman for the Financial Conduct Authority stated: “A focus on the culture in financial services firms remains a priority for the FCA[…] There is currently extensive ongoing work in this area within firms and externally. We have decided that the best way to support these efforts is to engage individually with firms to encourage their delivery of cultural change as well as supporting the other initiatives outside the FCA.”

The Shadow Chancellor, Labour’s John McDonnell, said shutting down the inquiry would be a “dangerous and costly mistake” and said: “This will be a huge blow to customers and taxpayers who are all still paying the price for the failed culture in the banking sector that’s been widely attributed to be among the main causes of the crash and the scandals over Libor and price-fixing”.

Members of the Treasury Select Committee have also been critical of the cancellation of the review. On Twitter, Labour MP John Mann stated the “FCA surrender to big banks today is entirely from pressure from Treasury and Osborne”. Conservative MP Mark Garnier, told the BBC: “There has always been this great argument that perhaps the Treasury is having more influence over the regulator than perhaps it ought to and certainly, if I was looking for a Machiavellian plot behind what’s happened here and the tone of the regulator, then I suppose I would start looking at the Treasury.”

Richard Lloyd from the consumer group Which? expressed disappointment at the cancellation of the report: “It’s disappointing that the regulator has decided against publishing this report on the culture of banking. Cultural change doesn’t happen overnight, so despite signs of improvement, the FCA must not take their eye off the ball and should continue to clean up the industry”

The FCA has had no leader since Martin Wheatley resigned in July following an expression of no confidence by George Osborne, the Chancellor of the Exchequer.

Sunday, April 27, 2008

Police have arrested the owner of a mattress factory in Hay Hassini, Casablanca, Morocco which burned down in a disaster that claimed 55 lives. His son, who was the factory’s manager, was also arrested.

Those killed — 35 of whom were women — were trapped inside by locked fire exits, which were barricaded to stop theft during working hours. “The people who died were either asphyxiated or burned,” commented a firefighter. 17 were wounded. Moustapha Taouil of the Casablanca civil protection service said the blaze was triggered by an inadequatly maintained electric saw on the ground floor. The initial fire quickly engulfed all four storeys of the building.

The Rosamor factory was clearly operating unsafely, officials said. “It’s a building with a ground floor and three upper floors specialising in making furniture, therefore there were highly inflammable products,” said Taouil. “We confirmed during our examination that the owners of the premises failed to respect legal requirements for this kind of industry including staff training… the owner in contravention of the law, locked staff inside the plant apparently to prevent theft of raw material. It was this that prevented them getting out. The fire was caused by lack of proper maintenance of certain machines and electrical installations.” He said a short circuit on the ground floor, which was filled with power saws, triggered the disaster.

As a result of the investigatons, “The plant’s owner, Adil Moufarreh, and his son Abdelali Moufarreh, who was the manager, have been taken into custody after having been questioned by police,” said an official.

28-year-old factory employee Fadila Khadija said “There was no emergency exit, the extinguishers were empty and the working conditions were difficult.” One source said that windows were also unusable as they were covered with iron bars. 20-year-old survivor Omar Elaaz said “I was working on the first floor as an upholsterer. The smoke came up from the ground floor where the foam rubber, wood and glue are stored. I used a gas bottle to break the wire mesh that protects every window.” 31-year-old upholsterer Hakim Hakki told of his own lucky escape and its effect on him from hospital: “I jumped from the third floor with four other colleagues while the women, who didn’t dare to follow us, perished in the inferno. God saved me but I’ll never forget those who died.”

The father of deceased 19-year-old Abdelazziz Darif said his son was paid 250 dirhams (20 euro/31 US dollars) per week and did not have social insurance.