GPL contractor slapped with fraud charge

first_imgNeil Benjamin of Lot 254 Section C Enterprise, East Coast Demerara, a sub-contractor attached to the Guyana Power and Light Inc, appeared on Monday before Magistrate Judy Latchman to answer to yet another charge of fraud.He denied that between October 7, 2017 and February 28, 2018, he obtained $725,000 from Keisha Cameron by falsely pretending that he was in position to purchase for her a Toyota Allion motorcar, knowing same to be false.The prosecution is contending that on July 6, 2017, Cameron, in a conversation with the 52-year-old Benjamin, told him she wanted to purchase a used motorcar, and Benjamin reportedly advised her to purchase a new car instead, provided that she allowed him to take her to his auto dealer.Facts relate that the woman made a down payment of $170,000 to Benjamin, for which she was never given a receipt; and on two other occasions he allegedly collected from Cameron other monies totalling $725,000.The Prosecution’s case is that several months passed with the woman inquiring about the motorcar, only to be later told that Benjamin had never made any down payment for the vehicle.A report was made to the Police, and the contractor was arrested and charged.The Police prosecutor objected to Benjamin being placed on bail, informing the court that Benjamin had previously been charged for matters of a similar nature, for which he is presently before the court.Benjamin was, however, placed on $200,000 bail, and is expected to return to court on September 24.last_img read more

SC panel asks Odisha to plug road safety gaps

first_imgA Supreme Court-appointed committee on road safety has observed that Odisha lacks road signage, markings and traffic signals conforming to the Indian Road Congress specifications.The committee headed by Justice K.S. Radhakrishnan made the observations based on a report of Institute of Road Traffic Education, which had conducted training on road safety for traffic police personnel deployed in Bhubaneswar, and for civil engineers on standard installation of traffic-control devices, types of road traffic violations and identification of black spots.Although the IRTE conducted the survey in Bhubaneswar, the committee wanted the Odisha government to “treat it as a sample study and implement the recommended actions throughout the State”.11% rise in fatalitiesThe committee’s observation becomes significant as there has been a rise of 11% in road accident fatalities in Odisha. According to State Road Safety Council, which met here earlier this week, 5,315 people were killed in road accidents in Odisha in 2018, 525 more than 2017 when 4,790 people lost their lives. The average growth in road accident fatalities in the country has been below 1% in this period.“A large percentage of road signage, road markings and traffic signals do not conform to IRC specifications,” the SC committee said in a letter to the State government.“Police personnel were not fully conversant in Motor Vehicles (Driving) Regulations, 2017. These regulations have been notified by the Ministry of Road Transport and Highways on June 23, 2017, and have superseded the rules of the Road Regulations, 1989,” the letter addressed to the State Transport Secretary said.The committee recommended that all the road signage, markings and traffic signals should conform to the IRC specifications.“Traffic police, transport officers and road engineers should be imparted training in Motor Vehicle Acts, 1988, Central Motor Vehicles Rules 1989 and all the rules and regulations made thereunder,” it added. Enforcement of traffic laws by the State agencies should be as per the extant law and evidence, the committee emphasised.last_img read more

Arellano’s Lervin Flores crowned new NCAA slam dunk king

first_imgWATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Lervin Flores jumps over three people! Perfect 50! #NCAASeason93— Randolph B. Leongson (@RLeongsonINQ) September 1, 2017FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout #KicksStalker: High schooler LaMelo Ball gets signature shoe Don’t miss out on the latest news and information. MOST READ The Kapampangan forward also relished winning the title on his second try after losing last year to champion Yankie Haruna.“Without Yankie, I really took the opportunity to be a champion,” he said.Justin Gutang pys a tribute to last year’s dunk champ Yankie Haruna, gets a 45. #NCAASeason93— Randolph B. Leongson (@RLeongsonINQ) September 1, 2017ADVERTISEMENT Photo by Tristan Tamayo/INQUIRER.netLervin Flores jumped over Renato Ular, host Andrei Felix, and judge Empoy Marquez and hammered the tomahawk dunk to win the Slam Dunk contest in the 2017 NCAA All-Star Friday at Filoil Flying V Centre in San Juan.The Arellano forward scored a perfect 50 in the Finals to outlast St. Benilde’s Justin Gutang and Ular.ADVERTISEMENT LATEST STORIES UPLB exempted from SEA Games class suspension Kammuri turning to super typhoon less likely but possible — Pagasa LOOK: Venues for 2019 SEA Games View comments Brace for potentially devastating typhoon approaching PH – NDRRMC “I really prepared hard for it. I was thinking in the final round to jump over (Eugene) Toba, but he lost, so I just convinced myself to be firm. I was also thinking to jump over (Elie) Ongolo Ongolo,” kidded Flores, who was undoubtedly enjoying his time with his dance celebrations to pump the crowd. Gutang paid tribute to Haruna in his championship slam with a 360 flush while wearing Haruna’s jersey, which got him a 45.Ular, meanwhile, failed to make his ambitious off-the-glass dunk in the championship and settled for 30.Flores topped the first round after completing an off-the-bounce two handed reverse to nab a 45.Letran’s Renato Ular makes his dunk, gets a 45. #NCAASeason93— Randolph B. Leongson (@RLeongsonINQ) September 1, 2017Also joining the competitions were San Beda’s Toba, JRU’s Jed Sarmiento, Lyceum’s Yancy Remulla, EAC’s Rustan Bugarin, San Sebatsian’s Allyn Bulanadi, Perpetual’s Kervin Lucente, who all missed their dunk attempts in the first round.The competition was judged by Alab Pilipinas coach Jimmy Alapag, reigning ABL Local MVP Bobby Ray Parks, celebrities Marquez and Ria Atayde, and NCAA Press Corps president Cedelf P. Tupas of the Philippine Daily Inquirer. SEA Games in Calabarzon safe, secure – Solcom chief Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Typhoon Kammuri accelerates, gains strength en route to PH Trump talks impeachment while meeting NCAA athletes PLAY LIST 01:07Trump talks impeachment while meeting NCAA athletes00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Read Next For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity.last_img read more

StandingRock camp on the move APTNs Dennis Ward reports

first_imgAPTN National NewsFor months, members of the Standing Rock Sioux Tribe have been living at the Sacred Camp in North Dakota.A lot has happened since the Obama Administration through the Department of Justice requested a pause in construction of the Dakota Access Pipeline.APTN’s Dennis Ward is in North [email protected]last_img

Struggling Toshiba returns to black avoids delisting

Citation: Struggling Toshiba returns to black, avoids delisting (2018, May 15) retrieved 18 July 2019 from Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange. The firm said it had booked a record net profit of 804.0 billion yen ($7.3 billion), compared with a loss of 965.7 billion yen a year earlier.It marks the first net profit for the firm in four years and was helped by one-off revenue from tax cuts linked to the sale of its nuclear units.However, operating profits dropped 21.9 percent to 64.1 billion yen while sales declined 2.4 percent to 3.95 trillion yen.Toshiba had been on the ropes after its disastrous acquisition of US nuclear energy firm Westinghouse, which racked up billions of dollars in losses before being placed under bankruptcy protection.Those losses came to light as the group was still reeling from revelations that top executives had pressured underlings to cover up weak results for years after the 2008 global financial meltdown.In order to survive and avoid delisting, the cash-strapped group decided on the multibillion-dollar sale of its prized chip business to a consortium led by Bain Capital. The chip unit brought in around 90 percent of Toshiba’s total operating profit in the first six months of the fiscal year 2017 and was the crown jewel in a vast range of businesses ranging from home appliances to nuclear reactors.At the time the deal was seen as crucial to keeping it afloat after multi-billion-dollar losses.Last month, Toshiba said it was still waiting for regulators to approve the key sale but denied media reports that it was considering scrapping the sale plan. In November, Toshiba said it planned to raise 600 billion yen by issuing new shares, a move aimed at avoiding delisting even if the chip business sale is delayed.Looking ahead, Toshiba said it expected a net profit of 1.07 trillion yen for the current year to March 2019, up 33.1 percent from the previous year, on sales of 3.6 trillion yen.Investors cheered the results, with Toshiba shares up 1.38 percent at 293 yen by the break in Tokyo.But Hideki Yasuda, an analyst at Ace Research Institute in Tokyo, warned that the sale of the chip business would be crucial in the future.”We are paying close attention to the fate of its memory chip business. The cancellation of the deal will change the company’s strategy significantly,” Yasuda told AFP.”Toshiba needs to create a fresh source of profit, but it is likely to take two to three years to find and foster it.” Toshiba tips return to black as it sells chip, nuclear units © 2018 AFP Toshiba is bouncing back after a terrible year Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more