Sterling Bank Plc (STERLN.ng) 2011 Abridged Report

first_imgSterling Bank Plc (STERLN.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2011 abridged results.For more information about Sterling Bank Plc (STERLN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Sterling Bank Plc (STERLN.ng) company page on AfricanFinancials.Document: Sterling Bank Plc (STERLN.ng)  2011 abridged results.Company ProfileSterling Bank Plc is a financial services institution in Nigeria offering banking products and services to the corporate and commercial sectors as well as high net-worth individuals, small businesses and joint venture partnerships. The company provides a full-service offering for consumer and commercial banking as well as corporate, investment and wholesale banking. This includes loans and advances, letters of credit, equipment leasing, money market operations and electronic banking as well as financial advisory and securities trading services. The company was founded in 1960 and formerly known as NAL Bank Plc. Its head office is in Lagos, Nigeria. Sterling Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

Over £1 million donated to Kosovo Crisis appeals via CharityCard

About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  14 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AlertNet reports today that, since April, CharityCard holders have donated over £1 million to the Disasters Emergency Committee’s Kosovo appeal. Nearly £30,000 of this has been given online. The DEC report that they have raised more than £30 million as a result of their appeal. AlertNet reports today that, since April, CharityCard holders have donated over £1 million to the Disasters Emergency Committee’s Kosovo appeal. Nearly £30,000 of this has been given online. The DEC report that they have raised more than £30 million as a result of their appeal. Howard Lake | 18 May 1999 | News Over £1 million donated to Kosovo Crisis appeals via CharityCard Advertisement read more

US tech donors’ gifts down on 2000

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 3 January 2002 | News Perhaps not surprisingly donations to charity by the top US technology companies and leaders were smaller in 2001 than in 2000.Perhaps not surprisingly donations to charity by the top US technology companies and leaders were smaller in 2001 than in 2000. The Chronicle of Philanthropy reports that the 10 biggest donors in the USA gave a total of $4.6 billion in 2001, down from $11.07 billion in 2000.Read Tech charity donations decline at ZDNet. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img US tech donors’ gifts down on 2000  13 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Sekou Odinga’s release celebrated

first_imgSekou Odinga, standing, with Lynne Stewart.In spite of freezing weather, hundreds of people filled the auditorium of The Malcolm X and Dr. Betty Shabazz Memorial and Educational Center in Harlem, N.Y., on Feb. 15, to see former political prisoner Sekou Odinga. This welcome home celebration follows his release from a U.S. prison on Nov. 25, after serving a 34-year sentence.Sekou was honored for his role in the Black Panther Party, the Black Liberation Army, and for being a Muslim, New Afrikan and prisoner of war.  He was unjustly framed on six counts of attempted murder of police for  “fighting for the freedom of Black people and the building of the Republic of New Africa.” (sekouodinga.com)Odinga was targeted by Cointelpro, the FBI’s infamous counterintelligence program, which was aimed at the Civil Rights and Black Liberation movements, and other political movements in the United States from the mid-1950s up through 1971.  When he was captured in 1981, he was tortured.  Odinga was convicted in 1984 and sentenced to a prison term of 25 years to life.Sekou Odinga spoke and thanked his attorney, Lynne Stewart, who was present at the event, and he mentioned that she had been a political prisoner, too.  He also thanked his long-term supporters.  “Don’t forget those still behind the walls.  They paid the price,” he emphasized.The “Welcome Home for Sekou Odinga” statement points out: “These are people who dedicate their lives to the transformation of this country, who put the benefit of their communities ahead of themselves, who believed that transformation was not only possible, but was worth dying for to end brutality, racism, economic discrimination, imperialism and war.”The program was hosted by Hakim Green and featured several speakers, including a Palestinian woman prisoner, spoken word and hip-hop performances, and two documentaries.This event was organized by the Sekou Odinga Defense Committee, “Existence is Resistance” and the Campaign to Bring Mumia Home.  For a list of performers and supporting organizations, see sekouodinga.com.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

La huelga más grande en la historia mundial: 250 millones de trabajadores indios

first_imgFacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this India es el segundo país más poblado del mundo, con aproximadamente 1.374 mil millones de personas. Más de 928 millones están en “edad laboral” (15 a 64 años; estadísticas de worldometers.info) El 8 de enero, una de cada cuatro personas en este grupo de edad, 250 millones, se quedó sin trabajo en la huelga más grande hasta la fecha en historia mundial.Mujeres huelguistas en Mumbai, India, el 8 de enero.La huelga de 24 horas cerró la banca, el transporte, el comercio minorista, los servicios públicos, la construcción y la industria en muchas partes del país. Los trabajadores bloquearon carreteras y vías férreas, con sus cuerpos, barricadas y neumáticos en llamas. Coches de policía y edificios gubernamentales fueron atacados en algunos lugares.La huelga tardó tres meses en hacerse. “Hemos estado haciendo campaña desde septiembre”, dijo Amarjeet Kaur, Secretario General del Congreso de Sindicatos de Todos los Indios, dos días antes de la huelga: “La ira de la nación culminará el 8 de enero”. AITUC es una de las 10 federaciones laborales indias que conjuntamente se llama “bandh” (cierre). Kaur predijo un “bandh completo” en 10 a 15 ciudades y una participación masiva en toda la India. (NewsClick, 6 de enero)La huelga se convocó inicialmente en torno a un programa de 12 puntos que protestaba contra la legislación anti-trabajadora del primer ministro Narendra Modi y los planes masivos de privatización, que afecta a activos nacionales como aerolíneas, ferrocarriles y refinerías de petróleo. Otros puntos abordaron el alto desempleo y la inflación en la tercera economía más grande del mundo y pidieron aumentar el salario mínimo y las pensiones. Dos tercios de la población viven con menos de $2 por día; casi la mitad de ellos son “extremadamente pobres” y subsisten con $1.25 por día o menos.Como explicó Subhashini Ali, un líder del partido comunista de Delhi, “cuando se convocó originalmente esta huelga, fue para registrar la ira contra las leyes anti-laborales y la venta de los activos del país”. Pero ahora es más amplio porque no hay trabajos. Modi está destruyendo el futuro de los jóvenes.” (The Guardian, 8 de enero)Las banderas rojas de hoz y martillo eran prominentes en muchas fotos de la huelga.Los huelguistas también mostraron, en signos y cánticos, una oposición generalizada a la Ley de Enmienda de Ciudadanía del Primer Ministro Modi para negar la ciudadanía a los musulmanes.Kaur informó que en algunos sectores económicos la participación en huelga fue del 90-100 por ciento. “La clase trabajadora está en las calles hoy”, dijo. La huelga involucró a toda la población, incluidos un gran número de trabajadores del sector informal y agricultores. Las dificultades económicas han llevado a los suicidios publicitados de varios agricultores.Solidaridad mundialLas organizaciones estudiantiles en la India y en el extranjero estaban firmemente detrás de la huelga. Una huelga nacional de educación de estudiantes boicoteando clases y pidiendo educación asequible coincidió con el bandh del 8 de enero. Una declaración de solidaridad con estudiantes fue firmada por 21 grupos, incluyendo United Students Against Sweatshops y una docena de sindicatos de estudiantes de posgrado de EE.UU. Los estudiantes indios en los EE.UU. planean manifestarse en cinco ciudades el 26 de enero.Trabajadores indios en huelga en las calles, 8 de eneroLas declaraciones de solidaridad sindical estuvieron en línea incluso antes del 8 de enero. “La Federación Sindical Mundial, que representa a más de 97 millones de trabajadores de 130 países en los 5 continentes, se mantiene firme y militante del lado de la clase trabajadora india y expresa su solidaridad internacionalista con [la] huelga general de toda India el 8 de enero de 2020”, publicó la FSM el 7 de enero. Condenamos la estrategia nacionalista del gobierno de dividir y fragmentar a la clase trabajadora sobre una base étnica y religiosa que no solo es reaccionaria , inaceptable y vuelve a las tácticas colonialistas, sino que también es inconstitucional”. (wftucentral.org)Otras declaraciones vinieron de las federaciones mundiales de trabajadores de la construcción y la educación y la Unión Nacional de Trabajadores de Ferrocarriles, Marítimos y Transporte en Gran Bretaña.Los capitalistas se alinean con ModiLa pobreza de las masas indias está directamente relacionada con los enormes beneficios que obtienen las empresas estadounidenses que invierten en la India. Incluyen General Motors, Ford, General Electric, Microsoft, Amazon, Pfizer, Coca-Cola y muchos otros que pagan salarios de esclavos. La inversión extranjera directa de EE.UU. el año pasado superó los $3 mil millones, y este país es el cuarto socio comercial más grande de la India. (business.mapsofindia.com)El multimillonario presidente de los Estados Unidos, Trump, compartió el escenario en un evento de “Howdy, Modi” en Houston el 22 de septiembre. Modi elogió la “preocupación de Trump por cada estadounidense, una creencia en el futuro de Estados Unidos y una fuerte determinación de hacer que Estados Unidos vuelva a ser grandioso”.Trump utilizó el podio para hacer comentarios anti-musulmanes y felicitar a Modi por hacer “un trabajo verdaderamente excepcional” (Washington Post, 22 de septiembre)Una cosa debería estar clara para los trabajadores y las personas oprimidas aquí en el vientre de la bestia: en India, como aquí, hay una batalla entre dos fuerzas de clase antagónicas. Nuestra lucha es junto a los mil millones de trabajadores, campesinos y estudiantes que cerraron su país el 8 de enero.Para leer las entrevistas de Martha Grevatt del 2016 con Amarjeet Kaur, visite tinyurl.com/qozf64h/ y tinyurl.com/sc22bz5/.last_img read more

Three journalists receive fake parcel bombs

first_img April 27, 2021 Find out more May 13, 2021 Find out more June 7, 2006 – Updated on January 20, 2016 Three journalists receive fake parcel bombs RSF begins research into mechanisms for protecting journalists in Latin America Follow the news on Colombia Reporters Without Borders has condemned threats made against three Colombian journalists in the form of fake parcels bombs delivered to their homes.Gustavo Bell Lemus, editor of the daily EL Heraldo de Barranquilla, Ernesto McCausland Sojo, columnist on the dailies El Heraldo and El Tiempo, and Armando Benedetti Jimeno, columnist for El Heraldo and news editor of Caracol Radio all received fake parcels bombs in turn between 3 and 5 June 2006.Each parcel was made up of three boxes in which there were several wires and a watch. Each also contained a warning to the journalists ‘not to get mixed up in things that did not concern them, or the next time the bomb would explode’.The Colombian government on 6 June offered a reward of 40,000 dollars for any information leading to the unmasking and discovery of those behind the threats.President Álvaro Uribe Vélez, who was re-elected on 28 May, said in a statement that “these threats, like all those which damage press freedom, cannot go unpunished.” Reporters Without Borders said it welcomed such statements but added, “We hope however that the steps that are to be taken in this case should be put into effect more systematically. The Colombian authorities must wake up to the climate of terror and impunity in which journalists are living, especially in the provinces.” El Heraldo has recently taken a critical line about corruption, criminality and the administration in Barranquilla. In his column on 17 March 2006, Armando Benedetti Jimeno had said that he believed that 50% of those elected to Congress for the Atlántico department had bought their votes.In an interview with El Tiempo, on 7 June 2006, Benedetti said that the link between the threats and the opinion pieces written by the three journalists was obvious. They had never been the target of threats previously.President Álvaro Uribe Vélez has put the head of the judicial police (Dijin), General Oscar Naranjo, in charge of the investigation. According to General Parra of the Atlántico police, the national police chief, General Jorge Daniel Castro, planned to deploy special units to investigate the case and take necessary preventative measures.Finally, Senén González of the Security administrative department (DAS) told national and local media that the protection of journalists would be stepped up. News Organisation ColombiaAmericas Receive email alerts to go furthercenter_img Reports Help by sharing this information News RSF_en 2011-2020: A study of journalist murders in Latin America confirms the importance of strengthening protection policies ColombiaAmericas RSF, IFEX-ALC and Media Defence, support FLIP and journalist Diana Díaz against state harassment in Colombia News October 21, 2020 Find out morelast_img read more

Texas Tech gets NIH grant to develop device

first_img WhatsApp Facebook Local NewsEducation Previous articleSULLUM: A forbidden remedy for veterans’ nightmaresNext articleNew city manager takes helm amid major projects admin Pinterest Pinterest Facebook Twittercenter_img By admin – May 10, 2018 Twitter Texas Tech University Health Sciences Center logo The Texas Tech University Health Sciences Center School of Medicine in Odessa has received a National Institutes of Health grant to develop a device to quantify the fetal and placental oxygen being taken in.Dr. Natalia Schlabritz-Lutsevich, associate regional dean for research and research associate professor in the department of obstetrics and gynecology at Texas Tech health sciences, said oxygen can be measured with an oximeter placed on someone’s finger. But you couldn’t put an oximeter on a fetus or placenta, she said.The school has partnered with Alexander Oraevsky, president and chief technology officer at TomoWave Laboratories Inc. Schlabritz-Lutsevich said the grant is designed for partnerships between academia and small business.The grant is $100,000 for six months. If it is successful and shows progress, Phase II would be $1.5 million spread over three years. They have to develop a prototype, Schlabritz-Lutsevich said.“It’s the first time that the Permian Basin campus received a grant to this campus, not to Lubbock or somewhere else. This is very remarkable. It marks our progress in this field,” Schlabritz-Lutsevich added.She added that the question is how to measure the oxygen taken in by the fetus and placenta and how conditions can be diagnosed quickly and non-invasively.“We partnered together to tackle this problem. NIH has this umbrella of the human placenta project. With this umbrella, they are funding several projects for a placenta map project looking (at) the different aspects of placenta physiology,” Schlabritz-Lutsevich said.“One of the aspects is development of new, rapid non-invasive tests and devices to diagnose the problem prior to something (such) as a disease (happening), because when we see disease it’s almost too late to intervene because the damage has been already done,” she added.Schlabritz-Lutsevich said there are 3-D and 4-D ultrasound machines, but they are not sensitive enough for particular markers like oxygen consumption.“Therefore, NIH has a call for proposals to fund this particular type of study so we applied, we partnered with him … and we got this grant,” Schlabritz-Lutsevich added.She said there are several rapidly developing methods of non-invasive oxygen measurement now.“This particular measurement is opto-acoustic measurement. … It’s a combination of light and ultrasound (that) measure oxygen non-invasively. This was first developed by Professor Oraevsky.There is another device that can do standard measurement of oxygenation with this same method, but the machine costs about $500,000, Schlabritz-Lutsevich said. They are also large and not portable.“Our device is a different concept. That’s why we got funding for this. … If we are successful, then it’s point of care. Practically everybody, each doctor, could use it and will not be so expensive,” she said.Schlabritz-Lutsevich said she had been looking for a collaborator on this project for a long time. She approached the University of Texas at Austin, but they did not take the Permian Basin campus up on the partnership.“I didn’t know what to do. I had the proposal written,” she said.Fortunately, she got help from the University of Texas of the Permian Basin and many other faculty, staff, physicians and students.Schlabritz-Lutsevich noted that in Texas, there is a high maternal mortality rate.“It’s everywhere in the news and it’s everybody’s concern that we are such a wealthy nation and wealthy state and we have a high maternal mortality rate. Through this, we hope to bring affordable care to women which will allow us to diagnose any problems at a very early stage,” Schlabritz-Lutsevich said.Schlabritz-Lutsevich said she thinks having the device available is extremely important because it could prevent future complications and having to intervene later.Regional Dean Dr. Gary Ventolini said it’s very difficult to get these types of NIH grants.“Usually the larger universities are the ones that receive them. However, the persistence and the vision that she had helped a lot on that. There are more coming, I’m pretty sure,” Ventolini said.More Information Texas Tech gets NIH grant to develop device WhatsApp  Texas Tech University Health Sciences Center.last_img read more

Industry Law Firms Looking to Diversify For the Benefit of Servicers

first_img Neil Sherman, Partner and Managing Attorney for Schneiderman & Sherman, P.C., spoke with DS News at the 2016 Five Star Conference and Expo to discuss strategies default servicing attorneys can use to become better partners for their clients and customers.Sherman joined Schneiderman & Sherman, P.C. in 2002 focusing his practice in the areas real estate law, and specifically bankruptcy, foreclosure, and eviction processes. In 2006, Sherman became Managing Attorney and currently oversees all aspects of the firm’s operations including, but not limited to, the firm’s foreclosure, bankruptcy, eviction, REO, title, and litigation departments. Additionally, Sherman is also the Chairperson for the Legal League 100 Advisory Council. Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Share Save About Author: Kendall Baer October 6, 2016 1,212 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Schneiderman & Sherman PC 2016-10-06 Kendall Baer Related Articles Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Eleventh Circuit Court Stops “Abuse of the Bankruptcy Process” Next: Altisource Residential Takes a Stride Toward Total SFR REIT Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img  Print This Post in Daily Dose, Featured, Media, Webcasts The Best Markets For Residential Property Investors 2 days ago Tagged with: Schneiderman & Sherman PC The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Industry Law Firms Looking to Diversify For the Benefit of Servicers Home / Daily Dose / Industry Law Firms Looking to Diversify For the Benefit of Servicers Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

First-Time Homebuyers Could Face Increased Default Risks in 2018

first_img Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton The American Enterprise Institute’s (AEI) International Center on Housing Risk has released a new installment of its National Housing Market Index (NHMI), examining the state of the market in the second half of 2017 and where it’s likely to go in 2018. Chief among the findings: the national home purchase market continued its boom in Q3 2017, with sales transactions up 6.2 percent year-over-year. This was the twelfth consecutive quarter showing an increase in sales transactions, and that’s in spite of a nationwide increase in house prices.The NHMI report states that “looser lending, lower mortgage rates, and a decline in international buyers has tilted the home purchase market over the last three years from cash sales towards institutional financed sales. Other financed sales have remained stable as a share of the overall market.”For 2018, the NHMI forecasts single-family home supplies to continue tightening after hitting record lows in November 2017. The report cites the National Association of Realtors, which announced in December 2017 that remaining inventory of existing homes for sale hit a record low of 3.4 months in November 2017, eclipsing the prior record of 3.5 months reached in both January 2005 and January 2017. The NHMI report reads, “Expect new lows to be recorded for December 2017 and January 2018. January is projected to come in at around 3 months.”The NHMI forecasts home prices to continue accelerating, and predicts year-over-year increases of 6.25 percent – 6.75 percent, up from 6 percent – 6.5 percent in 2017. “The substantial reduction in the utilization of the mortgage interest deduction and commensurate reduction in subsidies, will somewhat reduce upward pressure on home prices,” states the report. “Without the tax act, the prediction for 2018 home price increase would have been even higher: 6.75 percent – 7.25 percent.”The AEI index also predicts that the barrier for entry for first-time buyers will be even higher in 2018. Year-over-year gains for the bottom third of homes are forecast to come in at 10.5 percent – 11 percent for 2018. “The Agency First-Time Buyer Mortgage Share Index in September set a new series high, coming in at 57.6 percent, up from 56.9 percent a year ago and from 55.1 percent four years ago,” reads the report. “We expect this index to increase modestly in 2018.”At current levels of wage growth, the AEI NHMI sees the boom in entry-level home prices as ultimately unsustainable. First-time homebuyers will be forced to take on even more leverage to try and keep up with steadily increasing home prices. According to the report, “The AEI First-Time Buyer National Mortgage Risk Index is expected to rise to 17.1 percent for September 2018 agency originations, up from to 16.4 percent for September 2017. Risk scores above 12 percent have a high risk of default under severe economic stress.” All of this means first-time homebuyers will be at greater risk of default as they take on more than they can financially handle in order to acquire a home.On the GSE front, September 2017 saw a significant year-over-year increase in Freddie Mac’s share of the GSE purchase business, jumping to 45 percent compared to 37 percent a year earlier. AEI’s report states that “GSEs have been rebuilding market share that they lost to FHA after its mortgage insurance premium cut in January 2015. In 2017:Q3, the GSEs accounted for 49% of all mortgage lending, their highest Q3 level since 2013.”AEI’s index also notes that the majority of refi lending is now cash-out refis, which accounted for 56 percent of all refis during the current quarter. “No-Cash Out refi volume has declined sharply with the increase in mortgage rates in 2016,” says the report, then adding, “We expect 2018 cash-out share and volume to increase.”According to AEI, “The National Housing Market Index (NHMI) combines AEI Center on Housing Markets and Finance data on the federal agency market with data provided by First American via DataTree.com for the private side of the market and for cash and non-institutionalized lender sales. The combined data set covers nearly 100 percent of the national volume. To account for the small amount of incomplete data, housing data are scaled to estimate total market volume.”You can read the full AEI NHMI report by clicking here. Tagged with: AEI AEI International Center on Housing RIsk American Enterprise Institute National Housing Market Index NHMI Previous: Cold Weather Means Rental Market Bargains for Investors Next: Are Servicing Reforms on the Horizon? Share Save The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / First-Time Homebuyers Could Face Increased Default Risks in 2018  Print This Post in Daily Dose, Featured, Journal, Market Studies, News First-Time Homebuyers Could Face Increased Default Risks in 2018 Demand Propels Home Prices Upward 2 days ago AEI AEI International Center on Housing RIsk American Enterprise Institute National Housing Market Index NHMI 2018-01-10 David Wharton Sign up for DS News Daily January 10, 2018 1,639 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Bhima Koregaon: Supreme Court Issues Notice On Gautam Navlakha’s Plea Against Bombay High Court Judgment Denying Him Default Bail

first_imgTop StoriesBhima Koregaon: Supreme Court Issues Notice On Gautam Navlakha’s Plea Against Bombay High Court Judgment Denying Him Default Bail Radhika Roy3 March 2021 4:38 AMShare This – xSupreme Court bench headed by Justice UU Lalit on Wednesday issued notice on a petition filed by activist and Journalist Gautam Navlakha challenging Bombay High Court’s recent order rejecting his bail application in the Bhima Koregaon (Elgar Parishad – Maoist links) case.A Two-Judge Bench of Justices UU Lalit and KM Joseph was hearing the plea against the Judgment of Bombay…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginSupreme Court bench headed by Justice UU Lalit on Wednesday issued notice on a petition filed by activist and Journalist Gautam Navlakha  challenging Bombay High Court’s recent order rejecting his bail application  in the Bhima Koregaon (Elgar Parishad – Maoist links) case.A Two-Judge Bench of Justices UU Lalit and KM Joseph was hearing the plea against the Judgment of Bombay High Court which refused to interfere in his criminal appeal filed against an order of the special court, which rejected his application for default bail in June, last year. He is in prison since his surrender on April 14, 2020.The matter will be next heard on March 15.The plea, filed by Advocate Shadan Farasat, submits that the main question that arises is whether the period of 34 days when the Petitioner was in custody by way of house arrest pursuant to the orders of the Delhi High Court and the Supreme Court modifying transit remand order dated 28th August, 2018 of the CMM, Saket Courts, would count as custody for the purpose of default bail under Section 167(2) CrPC.It is averred that the order of the Bombay High Court suffers from serious infirmities, such as a wholly misconceived and dangerous reading of the Delhi High Court order and thus, invariably accepts the NIA’s contention that the arrest, remand and detention of the Petitioner had become “non est”.Further, the plea also submits that the rationale that the Investigating Officer did not get an opportunity to interrogate the accused is not a ground to infer that the 34 days spent by the Petitioner in custody pursuant to judicial orders does not constitute “custody” under Section 167 CrPC. The Bombay High Court, it is submitted, has also wrongly held that only the period of custody after the Petitioner’s surrender before NIA and subsequent production before a Magistrate can be counted for the purpose of default bail.Navlakha had sought default bail on the grounds that the National Investigating Agency (NIA) had failed to file their chargesheet within the stipulated period of 90 days. The NIA, however, contended that Navlakha was under house arrest for 34 days, between August 29 to October 1, 2018, which was declared illegal by the Delhi High Court. Therefore, it could not be included in his custody period.However, the Bombay High Court, observed that, the time spent in “unlawful custody” cannot be included while computing the 90 days period prescribed for grant of default bail under Section 167(2) of the Criminal Procedure Code (CrPC).The Court had further observed that the 34 days Navlakha had spent under house arrest between August 28, 2018 – October 10, 2018, could not be used to calculate his total detention period, especially since his arrest, as well as the Magistrate’s transit remand, was found to be illegal by the Delhi High Court.”It is not possible for us to fathom a situation where detention of the Appellant (Navlakha) though held to be illegal & unlawful rendering the authorisation by the Magistrate untenable should still be construed as an authorised detention for the purpose of Sub-Section (2) of Section 167 of the CrPC”, the Court had observed.The Court held that there was no doubt Navlakha was under house arrest, during which time he could interact only with his family and lawyers. However, the Investigating Agency did not have any access to him or an occasion to interrogate him, as the High Court had ordered the police to keep Navlakha at the same place from where he was picked up.The Court held that Section 167(2) of the CrPC, assumes that the detention is authorised by a Magistrate, and 90 days upward from that day can be used to calculate the period of custody for default bail.However, once the authorisation by the Magistrate is declared illegal consequently rendering the detention itself illegal, the said period (house arrest custody) cannot be construed to be an authorised custody within the meaning of Section 167(2) of CrPC”, the Court said.The Maharashtra Police had arrested Navlakha on August 28, 2018 in connection with an FIR lodged following the ‘Elgar Parishad’ held on December 31, 2017 and the Bhima Koregaon violence, a day after. Through the nationwide crackdown on activists and academics, connected to the conference, the police claimed to bust a larger maoist conspiracy.The case was later handed over to the NIA. Navlakha’s arrest and subsequent house arrest in August, 2018, was declared illegal by the Delhi High Court. Navlakha then approached the Sessions Court, followed by the High Court and Supreme Court for anticipatory bail. The Supreme Court, on March 16, 2020, directed Navlakha to surrender within three weeks, after rejecting his bail application. His plea seeking an extension in view of the coronavirus pandemic was also rejected. Following this Navlakha surrendered on April 14.Click Hear To Download/Read PetitionNext Storylast_img read more