| Alleged Agrarian Services fraud: Bail for suspects
The five suspects who had been remanded in the alleged massive fraud at the Agrarian Insurance Board and Agrarian Services were yesterday released on bail by Colombo Chief Magistrate and Additional District Judge Sarojini Kusala Weerawardena. Judge Weerawardena ordered the suspects to furnish cash bail in a sum of Rs. 25,000 each and a bond of Rs. 25 lakhs each with three sureties. One of the sureties should be a close family member of the suspect. The Judge also ordered the suspects not to interfere with any of the prosecution witnesses and not to leave the country without prior permission of the court. Earlier, the CID filing a further report in connection with their investigations told court that they had taken into custody 2918 application forms of farmers who were affected during the attack on Mavilaru anicut by the LTTE suspects.
City war game that ended in a battle to save Northern Rock
In the first of a two-part series on the near-collapse of Britain's fifth-biggest bank, we reveal how warnings about risky loans were ignored and how the Square Mile couldn't agree on a rescue dealGraphic: How Northern Rock tried to find its way out of the credit crunch .
Man Arrested In Two Beatings
A Waterbury woman and her boyfriend were hospitalized after the woman's estranged husband broke into her Knoll Street house overnight Friday and beat them with a blunt instrument, Waterbury police say.
Police arrested Nicholas Clark, 29, on Saturday and charged him with two counts of assault and burglary in connection with the beating of his wife, Christa Clark, 29, and Erich Tabert, 26.
Christa Clark, was in stable condition and Tabert in critical condition at St. Mary's Hospital. Tabert's injuries are considered life-threatening, police said.
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Bridgeton Police Blotter
Wesley J. Bowleg, 34, of Hampton Street, was arrested Thursday on two failure to appear warrants, and was lodged in the county jail in lieu of $1,858 bail. Eddie Johnson, 52, of South Avenue, was arrested Thursday at Hancock Center on a failure to appear warrant. He was also cited for loitering, a city ordinance violation, and was lodged in the county jail in lieu of $269 bail. Carlton Price, 27, of Sharp Avenue, was arrested early Thursday for criminal mischief, accused of breaking a screen door lock at a South Pine Street home he apparently mistook for his grandmother's. Price was also charged with hindering apprehension and/or prosecution by providing a false name, was served two failure to appear warrants, and was lodged in the county jail in lieu of $1,000 bail.
Rice fire shifts north in Fallbrook
Fire crews have their arms around about 20 percent of the Rice Canyon fire in Fallbrook, CalFire officials said Wednesday night.There is also a plan that could see some Fallbrook residents back in their homes by the weekend. The fire -- up to 9,000 acres as of late Wednesday -- began chewing through vegetation in the Santa Margarita riverbed early Wednesday morning, threatening about 400 homes in Rainbow Glen and northern Fallbrook. "They are going to work on it really hard through the night," CalFire spokesman David Shew said late Wednesday evening. "It looks like we might be able to get a handle on it pretty well."Fire crews took bulldozers into the area Wednesday, and began making a fire break.Fire trucks dotted the region during the day, and helicopters making water drops swirled overhead.Valleys in the northern end of Fallbrook were blackened -- but the homes on the many hilltops remained.
BoB, Andhra Bank, U.K. firm form insurance venture
HYDERABAD: Bank of Baroda (BoB), Andhra Bank and U.K.-based Legal & General Group have signed a memorandum of understanding (MoU) to form a joint venture (JV) for launching a life insurance company. The MoU was signed on November 16 and BoB informed the Bombay Stock Exchange about the formation of the venture on Monday. While BoB would hold 44 per cent of the equity in the joint venture, Andhra Bank would hold 30 per cent, while the remaining 26 per cent would be held by Legal & General Group. K. Ramakrishnan, Chairman and Managing Director, Andhra Bank, said that the joint venture was formed with Rs. 200 crore capital. Licence The consortium would apply for a licence with the Insurance Regulatory and Development Authority (IRDA).
Nigeria: A Crumbling Empire
Barrister Jimoh Ibrahim, the Chief Executive Officer of Global Fleet Oil and Gas Limited least expected the setback he suffered last Wednesday when the Federal Government pulled out NICON Insurance PLC and Nigeria Reinsurance Plc from his business empire. He thought he had everything under control, with his pending suit. But he was wrong. Those who have critically followed his rise in the business world were not surprised by his current travails. Yemi Adebowale beams a searchlight on his current travails, his business empire and other growing problems and writes that these may hobble or reverse his business trajectory. These are certainly not the best of times for Barrister Jimoh Ibrahim, the flamboyant Chief Executive Officer of Global Fleet Oil and Gas Limited. It seems Ibrahim, who prides himself as the "son of a bricklayer in the club of the rich" has finally shot himself on the foot.
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