exclusivediecast.com

Tuesday, August 28, 2007

The United States Federal Aviation Administration has issued an emergency Airworthiness Directive to all owners and operators of certain Next Generation Boeing 737s to inspect their aircraft in light of recent developments in the investigation of the recent China Airlines explosion.

The measures have been imposed due to the discovery that a structural bolt in the aircraft that exploded had come loose and punched a hole in the aircraft’s right wing fuel tank.

It is thought the bolt came loose after a worker failed to replace a washer after a routine maintenance procedure several months prior to the accident.

Boeing spokesman Jim Proulx said “This was determined to be an issue of flight safety… It’s very, very important.”

Operators must complete an initial inspection of the wing slat assemblies of the affected aircraft in ten days, and must ensure the fasteners are properly torqued within 24 days. They must then repeat the inspections every 3,000 flight cycles thereafter. The directive is believed to affect over 2,000 aircraft worldwide.

Monday, October 3, 2016

Authorities in Indonesia initiated an investigation after a pornographic film was illicitly screened on a 24-square-meter (roughly 260-square-foot) LED billboard in the capital city of Jakarta on Friday, in full view of rush hour commuters.

The film, depicting a couple engaged in explicit sexual activity, appeared on the screen for several minutes — five, according to BBC News — during which time passerby took the opportunity to film the display and upload it onto the Internet. Following complaints to the South Jakarta Communications and Information Agency, authorities cut power to the billboard at about 2:45 p.m. to stop the screening.

According to a report on Saturday by Agence France-Presse, the film, identified as Japanese erotica titled Watch Tokyo Hot, was believed to have been transmitted to the billboard by a personal computer. Awi Setiyono, head of public relations for the police, said the investigative team for the incident includes a cyber crime unit, with the intention of determining whether the billboard was hacked.

Lestari Ady Wiryono, head of public information for South Jakarta, stated “The South Jakarta administration takes this matter seriously”. She said on Friday she had no information on the culprits or the source of the film. “We received the report and we immediately severed the electricity to there”, she said according to the Daily Mirror.

The billboard, located in close proximity to the office of the South Jakarta mayor, is owned by PT. Matapena Komunika Advertama, a private company, while content screened on it is the responsibility of PT. Transito Adiman Jati Transito Adverstising, according to The Jakarta Post. According to Lestari, following the incident, staff from her office along with the investigating cyber crime unit visited PT. Transito’s offices to gather information relating to the affected billboard.

The Indonesian government blocks access to pornographic websites in the country, whilst also subjecting scenes of romance in public broadcasts to heavy censorship. Under a 2015 decree, the government subjects content shown on billboards to standards of “public ethics, aesthetics, public order, decency, security and the environment”.

Saturday, November 4, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Don Valley East (Ward 33). One candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Zane Caplan, Shelley Carroll (incumbent), Jim Conlon, Sarah Tsang-Fahey, and Anderson Tung.

For more information on the election, read Toronto municipal election, 2006.

Monday, January 12, 2009

Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal breach of trust (Section 406 of IPC), criminal conspiracy (Section 120-B), cheating (Section 420), falsification of records and forgery (Section 468), and fraudulent cancellation of securities (Section 477-a), they face up to ten years imprisonment if convicted.

After 18 hours of interrogation by the Crime Investigation Department (CID) at the state police headquarters, the Raju brothers were sent to the Chanchalguda prison and slept Saturday night on the floor along with 26 other low-risk inmates.

S. Bharat Kumar, the Rajus’s lawyer, asked the magistrate to issue orders for health monitoring. “His blood pressure is fluctuating and he needs medical treatment,” said Bharat Kumar. Mr. Raju appeared before the court Saturday while a team of doctors visited him after he had complained of chest pain.

Raju has Hepatitis-C, and both brothers have high blood pressure, so health precautions are necessary while imprisoned. Prison rules mandate service of jail food thrice a day. The menu includes 650 gm of rice thrice a day with 250 gm of vegetable curry and 125 gm of ‘daal’ plus tea twice a day.

Satyam’s chief financial officer Vadlamani Srinivas, who was also arrested Saturday, had undergone preliminary investigation and appeared Sunday before a special court, according to A. Sivanarayana, Andhra Pradesh additional director general of police. Srinivas was remanded to judicial custody until January 23 by Mr. D. Ramakrishna, Sixth Chief Metropolitan Magistrate, and sent to the Chanchalguda jail with the Raju brothers after interrogation by CID’s Crime Branch (the CB-CID). During his Saturday night arrest and probe by CB-CID, Srinivas made revelations which are contained in his confession letter as submitted to Network 18. “According to me fixed deposits are unreal and fictitious which were managed and was an understanding between the audit section management,” Srinivas stated.

The Hyderabad court on Monday postponed the bail hearings of the Raju brothers and Srinivas to January 16. To be defended by a battalion of 25 lawyers, the three accused will remain in Chanchalguda Central Jail until further court order. The Raju brothers were shifted Sunday to a mid-size Old Hospital Barrack cell shared with a bootlegger.

In 2008, the company struggled to purchase two infrastructure companies founded by family members of company founder and CEO Dr. Raju – Maytas Infrastructure and Maytas Properties – for $1.6 billion, despite concerns raised by independent board directors. Dr. Raju tendered his resignation on January 7 after due notice of falsified accounts to board members and the SEBI.

Since January 7 when two lawsuits were commenced, dozens of other class action law suits were filed against Satyam for hundreds of millions of dollars damages based on fraud in the United States District Court for the Southern District of New York in Manhattan, among others. The securities fraud class-action lawsuits have been filed on behalf of investors who bought Satyam American Depositary Receipts (ADRs) since 2004.

On Wednesday Dr. Raju admitted to falsifying and overstating Satyam’s cash reserves by $1B US dollars (£661m) or 94% of its cash and bank balances on books at the end of September.

The fraud was perpetrated several years ago to bridge “a marginal gap” between actual and accounting books operating profits, and continued for several years. “It was like riding a tiger, not knowing how to get off without being eaten,” B. Raju said.

In a letter to the board, Dr. Raju said that neither he nor the managing director had benefited financially from the inflated revenues. Further claiming that none of the board members had any knowledge of the dire company situation, he noted that Satyam’s balance sheet as of the September 30, 2008, carried inflated figures for cash and bank balances of INR 5,040 crore (as against INR 5,361 crore reflected in the books). He alleged it also carried an accrued interest of INR 376 crore which was non-existent. He confessed that he himself prepared an understated liability of INR 1,230 crore on account of funds amid an overstated debtors’ position of INR 490 crore (as against INR 2,651 crore in the books).

Indian analysts have compared the Satyam-Raju scandal to the infamous American Enron scandal. Immediately following the media expose, PricewaterhouseCoopers, auditor of Satyam’s accounts, was set to be probed for complicity in the controversy. Times Now has reported that the Andhra Pradesh CID arrested PricewaterhouseCoopers (PWC) representative Gopal Krishnan for investigation on Saturday night.

New York-listed Satyam Computer Services Ltd., India’s fourth-biggest software firm, is a consulting and information technology services company based in Hyderabad, India. Founded in 1987 by Dr. Byrraju Ramalinga Raju, Satyam’s network spans 67 countries on six continents. It employs 53,000 professionals in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia. Its monthly salary outflow is estimated at six billion rupees ($125 million). Deriving more than half of its revenues from the United States, it serves 700 global companies, 185 of which are Fortune 500 corporations.

Satyam’s clients include Nestle, Ford, General Electric Co., General Motors Corp., Nissan Motor Co., Applied Materials Inc., Caterpillar Inc., Cisco Systems Inc. and Sony Corp., and brought in about $40bn last year.

In December 2008, a failed acquisition attempt involving the company Maytas led to a plunge in Satyam’s share price. After Wednesday’s confession, Satyam stocks fell further by more than 70%, while the BSE SENSEX dropped to 7.3% Wednesday, causing the removal of Satyam Computer Services from its indices on Thursday. The shares free fell to 11.50 rupees on Friday, their lowest level since March 1998, compared with around last year’s high of 544 rupees.

The New York Stock Exchange has terminated trading in Satyam stock as of January 7, while the National Stock Exchange of India said it will remove Satyam from its S&P CNX Nifty 50-share index from January 12.

India’s biggest-ever corporate fraud has seriously tainted India Inc.‘s strong corporate governance image. “The admission of fraud in financial affairs has created an adverse impression in the minds of trade, business and industry across the world,” the Indian government admitted. The government intervened on Friday night, dismissing Satyam’s board of directors, announcing it will appoint representatives to manage the affairs of the insolvent outsourcing giant. The board would meet within seven days. Dr Yeduguri Samuel Rajasekhara Reddy, chief Minister of State of Andhra Pradesh, India, on Sunday said that the main agenda is to protect the jobs of the software professionals. “We are taking all needful steps in coordination with the government of India to ensure that the jobs of 53,000 engineers are protected and the shareholders’ money is salvaged,” Reddy said.

“We are working on the names. The Satyam case is an aberration. The credibility of the Indian corporate sector in general, and IT sector in particular, should not be allowed to suffer because of this.” Prem Chand Gupta, the Corporate Affairs Minister said. The Federal Government of India appointed a three-member independent board with full authority for Satyam on Sunday and was set to convene within 24 hours. “We have appointed Deepak Parekh, chairman of Housing Development Finance Corporation, Kiran Karnik, former president of IT industry body NASSCOM and C. Achutan, former member of Securities and Exchange Board (SEBI) of India,” Mr. Gupta said.

In early Monday trading (0535 GMT) after the creation of the three-member board, Satyam shares rocketed upwards 60% to 38.15 rupees, even though the main Mumbai market was down more than 2%. BBC reported that Satyam shares have jumped 51% to 36.05 rupees on Monday after the stock lost 87% last week. “The constitution of the new board is seen as a positive step by the market. It’s a confidence boosting measure,” K.K. Mital, Globe Capital, New Delhi head of portfolio management services said. “But the rally will depend largely on the financial situation at the company and the kind of measures that are taken to improve liquidity,” he added.

The Company Law Board, however, has requested Satyam’s interim board not to implement its decisions. “We are asked by the Company Law Board not to implement the decisions of the board. But we are allowed to continue our activity. The team which was constituted recently is continuing its work,” Satyam head global marketing and communications, Mr. Hari Thalapalli, said.

Lazard Ltd., who has a 7.4% stake in Satyam, sought representation on the new board and wrote as much to The Indian Ministry of Corporate Affairs. “As the largest shareholder in the company, we want to be consulted in whatever decisions are being taken by the Indian government. We have written to the Ministry of Corporate Affairs and are awaiting a reply from them,” Hitesh Jain, a partner at ALMT Legal, who claimed to represent Lazard, said. “It is a fair proposal and we will take a decision as and when we clear other issues. No decision on this has been taken yet,” P.C. Gupta replied.

Meanwhile, the Securities and Exchange Board of India (SEBI) also announced it will try to control the damage and take steps to boost investor confidence. “This exercise will be undertaken after the third quarter results and is expected to be completed by end of February this year,” a SEBI official statement said. A SEBI team is also investigating acting-CEO Ram Mynampati whose salary was greater than that of founder Dr. Raju and all the directors combined. Dr. Raju had just one fifth of Mynampati’s total package of over Rs 3.5 crore as of March 2008. All the directors comparably received only a total of Rs 2.6 crore as salary, commissions, sitting fees, professional fees and other receivables.

Further, the Andhra Pradesh Police CID and teams assigned by the Economic Offences Wing of the CB-CID conducted searches Sunday of homes of the accused including the ex-CFO’s office to gather documentary evidence about the financial fraud.

Tuesday, July 29, 2008

As gas prices have risen in the United States, the regional transport authority for southeastern Pennsylvania, SEPTA, has seen a sharp increase in ridership, which has caused overcrowding on the trains.

“As fuel prices have continued to rise, SEPTA ridership has steadily increased and is the highest in 18 years,” said SEPTA General Manager Joseph Casey. Monthly ridership was 22 percent higher last month than a year ago.

“They have crushed loads on their rail lines, already where people are standing, and there’s not enough seats,” said Rich Bickel, the director of the Delaware Valley Regional Planning Commission.

“At peak times some railcars are standing room only and commuter parking lots are nearly full. All Regional Rail lines are running near full capacity and the train station parking lots are at about 90 percent capacity or more,” SEPTA spokesperson Felipe Suarez said.

While SEPTA awaits new Silverliner V trains from Hyundai Rotem, which begin arriving in 2009, it had hoped to lease eight rail cars from New Jersey Transit, at an agreed-upon rate of US$10,000 per month. However, due to problems with insurance and liability indemnification, the deal fell through, according to Casey.

SEPTA has entered a new agreement to purchase the eight rail cars from NJ Transit. The transit authority will pay US$670,000 for the cars and assorted supplies plus one additional inoperative car which will be used for spare parts. The rail cars will be operated using a SEPTA provided locomotive as they are not self-propelled.

The cars are being disposed of by NJ Transit because it has switched from single-floor cars to double-decker cars.

SEPTA is expecting to raise US$3.1 million by selling rail that has been out of service since 1981 at auction.

Sunday, January 14, 2007

Western Australian government authorities say they believe a toxin may be responsible for the recent mysterious death of an estimated 5,000 birds found in the area of Esperance – on the state’s south eastern coastline. Autopsies by toxicologists from the WA Department of Agriculture will test for organochlorins, organophosphates and heavy metals.

Esperance residents first noticed large numbers of dead birds littering their streets and gardens on December 7 last year. Populations of honeyeaters, wattle birds and miners have reportedly been effected.

The birds were being found vomiting and convulsing in bushland and suburban backyards over an extensive area. Department of Environment and Conservation‘s (DEC) nature conservation coordinator Mike Fitzgerald says toxic wetlands near Esperance are the most likely reason for the mass bird deaths.

The DEC says it has failed to figure out the cause of death despite interviewing industry groups, farmers, grain handlers and timber companies about pesticide and chemical use.

Birds Australia, the peak group dedicated to the conservation, study and enjoyment of Australia’s native birds and their habitats, said it had not heard of a similar occurrence. “Not on that scale, and all at the same time, and also the fact that it’s several different species,” chief executive Graeme Hamilton told the Sunday Times. “You’d have to call that a most unusual event and one that we’d all have to be concerned about.”

Mike Fitzgerald said the DEC were looking at something “pretty potent.” “This is not a normal situation. The common thing that we have seen and heard is that the affected birds have an insatiable thirst… If it turns out to be a toxin that is responsible, that will raise more questions because there is no obvious source of exposure.”

The deaths could be a result of a drier than normal winter, causing algal and bacterial blooms in the Esperance Lakes Nature Reserves. Esperance recorded 457mm rainfall in 2006; the average is 620mm.

Initially, health authorities feared a virus, such as the deadly avian bird flu, was responsible. That was quickly ruled out, along with poisoning from bacteria or eating poisoned insects.

The first deaths were reported by Esperance resident Michelle Crisp – who lives close to the worst-affected area. Dozens of native birds began dying in her back yard a week before Christmas. She says she contacted neighbours to discover if they were experiencing the same thing. Mrs Crisp found four dead birds, then 16, then 30 and finally up to 80.

Mike Fitzgerald said that any one of hundreds of toxins could be causing the deaths but so far all leads had not produced any answers.

Friday, March 24, 2017

On Wednesday, Poland-born German football player Lukas Podolski played his last international game, a friendly match, against England at Signal Iduna Park in Dortmund. 31-year-old Podolski, who announced retirement in August, scored the only goal of the match.

Before the match started, Podolski received a bouquet from Deutscher Fußball-Bund (DFB — German Football Association) president Reinhard Grindel. Podolski netted his 49th international goal in the 69th minute — a 25-yard screamer from Toni Kroos’ assist. In this match, Timo Werner became the 87th player to debut under Germany’s manager Joachim Löw. The Germans also set a new team record of most consecutive clean sheets, seven, as FC Barcelona’s Marc-André ter Stegen was guarding the German net. Mesut Özil received Germany’s player of the Year for 2016 recognition.

Before the match, Podolski said, “Thank you for thirteen years of having the eagle on the chest. Thank you to everyone. Thank you to my family and my parents. Thank you Dortmund. Thank Köln and thank you Germany!” Podolski immigrated to Germany at the age of two “with basically only a football under my arm”, as he put it in August. He earned his 130th international cap on Wednesday. Podolski is Germany’s third all time most capped player after Lothar Matthäus and Miroslav Klose and is the third top-scorer for Germany.

Podolski debuted for Die Mannschaft thirteen years ago in 2004. Since then, the forward has made appearance in seven major tournaments, and won the 2014 FIFA World Cup in Brazil. Podolski was the fifth player to retire from Germany’s 2014 World Cup squad. Before him, Bastian Schweinsteiger, Philipp Lahm, Miroslav Klose, and Per Mertesacker hung up international boots.