Gardai warn Donegal students as €2 million ‘Money mule’ fraud investigation launched

first_imgGardai have launched an investigation into a €2m money laundering fraud involving so-called money mule accounts.The “money mule” practice involves criminals recruiting people to help launder stolen or illegal money using their bank account, often unwittingly. Gardaí have said students are often targeted by the practice.The Garda National Economic Crime Bureau is examining transactions of up to €35,000 on over 200 accounts around the country. The accounts were used for single transactions of between £5,000 and £35,000 to a financial institution abroad.Over 1,600 of these cases were reported by the banks to gardaí last year.Detective Inspector Catharina Gunne from the Garda National Economic Crime Bureau said that if you act as a money mule, knowingly or unknowingly, you are committing the offence of money laundering.“Money laundering is a serious offence which on convictions carries a penalty of up to 14 years imprisonment,” she said. “This will have a serious impact on your future travel plans, career opportunities, vetting and credit ratings.”Gardai warn Donegal students as €2 million ‘Money mule’ fraud investigation launched was last modified: April 14th, 2019 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Operation launched to salvage €1 billion worth of sunken gold off Donegal coast

first_imgAn operation to recover up to €1 billion in gold in the North Atlantic from a sunken passenger ship off Co Donegal is underway. Recovery operation launched to salvage €1 billion worth of sunken gold off Donegal coastAccording to The Times, a private recovery operator is currently on an expedition, named Operation Neptune, to salvage the wreck that lies 500m deep about 130km off the coast of Co Donegal. However, the location of the wreckage means that the cargo does not have to be transported back to Ireland as it is not the property of the Irish state.In October 1940 the RMS Empress of Britain was abandoned after being hit by a Nazi bomber and set ablaze.Two days later, on October 28 1940, it was sunk by torpedoes from the German submarine U-32.If successful, the state has been informed and could be in line for a €75m windfall — but only if legislation is amended to reduce the find’s tax liability, as the company has demanded. Under the Merchant Shipping (Salvage and Wreck) Act 1993 any cargo landed on Irish shores attracts a fee of 7.5 per cent of its value, which would mean a €75 million state windfall.Pat “the Cope” Gallagher has been working closely with the company in order to try to make sure it can take the contents ashore.He has urged the Transport Minister, Shane Ross, ensure the necessary amendments to the legislation are made so that the cargo, if found, can be landed in Donegal.He said: “I will be prevailing on the transport minister to introduce the legislation necessary because the value of the contents will attract a significant benefit for the taxpayer,” Mr Gallagher said.He added: “I believe the state must make every effort to help those expending considerable money on the exploration to land the cargo here.” Operation launched to salvage €1 billion worth of sunken gold off Donegal coast was last modified: May 20th, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Boxer Sarita Devi to Take Call on Retirement After 2020 Tokyo Olympics

first_img 2020 tokyo olympicsboxingsarita devi First Published: September 27, 2019, 11:57 PM IST Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. New Delhi: Former world champion boxer Sarita Devi said on Friday she will take a call on her retirement after next Year’s Olympic Games, where she hopes to make a last-ditch effort to win an elusive medal.The 37-year-old Sarita has three World Championships medal — a gold in 2006 and a bronze each in 2005 and 2008. She has also won five Asian Championships gold and a bronze and a silver in the Asian Games (2014 Incheon) and Commonwealth Games (2014 Glasgow) respectively. But an Olympic medal has remained elusive for the lightweight (60kg category) boxer from Manipur and she is desperate to win that in Tokyo before drawing curtains on her career.”I am still continuing boxing for only one reason — Olympic medal. I have won medals in all competitions that I had participated. Only an Olympic medal is missing in my cupboard and I am desperate to get that in Tokyo,” Sarita told PTI.Asked about her retirement plans, she said: “I can’t tell anything now. I will take a decision on my career after the Tokyo Olympics.”Sarita and the legendary Mary Kom will spearhead a strong 10-member Indian contingent in the women’s World Boxing Championships in Ulan Ude, Russia from October 3 to 13.It has been a long time since Sarita won a medal in the World Championships and she is seeking to break the 11-year-old hiatus in which could be her last outing at this global event.”Whenever I featured in the World Championships in the last 10 years I really played well but lost my bouts from winning positions. So it’s a big challenge for me this time. I have a worked a lot, brought about a lot of changes in my technique. So I am fully confident that I will get a medal this time,” she said.”I am 37 now and mother of a kid. Even some people have said that I have grown old and cannot do it again. But I am proud that I forced my way into the team after beating everyone. It’s a big challenge for me.”By her own admission, the colour of the medal does not matter and she is just desperate to prove her detractors wrong.”A medal in this World Championships will shut the mouth of all who had criticised me and said that ‘Sarita is done and dusted’. This will be a big answer to them. Colour of the medal does not matter to me, any medal is acceptable,” she said.Sarita was full of praise for the Indian women’s boxing Performance Director Raffaele Bergamasco and the new-office bearers of the Boxing Federation of India (BFI) for their continued support.”In the last two years after we started working with our Italian coach, there have been a lot of changes in Indian boxing. Our biggest strength is the power of our punches but we are little slow in our movements. The coaches have worked in this area and we have also realized our mistakes,” she said.”The federation has given us full support. The Sports Ministry, SAI also has been supporting us. India boxing is slowly returning to the peak again.”She said it’s now time for women pugilists to show their might after the achievements of their male counterparts in Russia.”The men’s team is no. 6 in the world, so now it’s our turn to show women boxers are no laggards,” Sarita said.Asked about her plans after retirement, Sarita said: “I am running my academy in Manipur for the last five years. From the last two years it came under SAI and the Olympic Gold Quest has also been supporting us. Five boxers from my academy won medals in the Junior Nationals this year. Seven boxers are in the Khelo India programme.”I can never be away from boxing. After retirement I will keep on working on producing good boxers for the country. last_img read more

Indian football : Kolkata to launch their first Baby League this season

first_imgAdvertisement Also Read :National Sports Awards 2018 Roundup AdvertisementThe All India Football Federation started their Grassroots Development Programme back in 2008 with Mizoram being the first state to organise a grassroots course in October of that year. In subsequent years similar projects have been launched in Bengal, Chandigarh, Maharashtra, Manipur, Assam, Goa and Kerala. Though, AIFF’s Head of Youth Development Mr Richard Hood believes that the methods of engagement with football have been very limited but the new model of the Baby Leagues has the highest potential to create the change.The entire concept of the newly inaugurated Baby Leagues is to instill a will to win for the budding football enthusiasts in the nation who want to take football as a career. Big names like Bhaichung Bhutia and IM Vijayan had instilled to become professional players since childhood but then they never had 100 games a year to improve consistently as kids. In Japan, children are engaging with the sport for 52 weeks in a year whereas, in India, it’s hardly 3 weeks.The entire concept of the Baby League in India is coming from the South and Central American countries like Uruguay, Argentina, Mexico, Chile and Colombia, which Richard Hood says contributed about 7000 players worth about 3.5 billion dollars in the last transfer window.Kolkata, the mecca of football is known for its rich history of the sport and the proficient players it has produced. For the first time in Bengal, the AIFF Baby League is going to take place in the city of Joy. An active Sports Events company namely Federation De Sports Association are an operator of the Baby League in Kolkata. The league is to be divided into 3 categories ( U-8, U-10, U-12). Each age group will be divided into 8 teams. The League in Kolkata starts from 18th November till 19th February. Each team has a mere registration fee of 3000/- and the venue for the league will be in South Kolkata area.For Indian Football to succeed, this is the baby steps taken forward and a proper development model which ‘catches them young’. Every ground in India where the Baby Leagues shall take place, keeping aside the beautiful sight of children playing, there will be some sure spotting of genius.last_img read more


first_imgStreet construction that will last through the summer and fall will begin again next week on Morningside Avenue in Sioux City.The reconstruction project will run the length of Morningside Avenue stretching from South Lakeport Street to South Nicollet Street.The project will reconstruct the roadway and sidewalks plus replace water lines, storm sewers and street lights.The project will be constructed in four stages beginning with closing South Clinton from Morningside Avenue to Garretson Avenue.The Contractor plans to begin construction next Wednesday, May 9th.The work is anticipated to completed sometime in November.last_img

Vine: R.J. Hunter’s Cold-Blooded Three-Pointer Stunned No. 3 Seed Baylor

first_imgR.J. Hunter hits huge three vs. Baylor.Georgia State, the No. 14 seed in the West Region, just ended the game on a 13-0 run to shock No. 3 seed Baylor, 57-56. Georgia State guard R.J. Hunter, the son of GSU head coach Ron Hunter, hit the game-winning three-pointer from way downtown with 2.8 seconds remaining.Hunter struggled much of the day, scoring just two points in the first half. His dad coached the whole game in a rolling stool after tearing his left achilles tendon celebrating the team’s Sun Belt Conference championship last week.This is what happened to Ron Hunter when R.J. made his game-winner. March Madness is amazing.last_img

Sobeys in no rush to join grocery delivery wars even as race

first_imgAs Sobeys Inc.’s competitors ramp up their e-commerce efforts amid a growing grocery delivery war, the grocer’s parent company said Wednesday it’s resisting pressure to rush into the market, instead preferring to focus on the long game.“I see this as a marathon, and we’re in the first 100 meters,” Empire Co. Ltd. CEO Michael Medline told analysts on a conference call to discuss its better-than-expected third-quarter results.“I’d rather be up and running with our system today, but I don’t want to put mediocre systems across the country when there’s much more modern ways to win over the customer.”Empire is waiting for the spring of 2020 to roll out its online grocery business that will be run in partnership with British firm Ocado, even as its Canadian peers and multinational giants that are snapping up Canadian market share, such as Walmart and Costco, race to launch convenient click-and-deliver grocery options in order to fight off online behemoth announced Wednesday it is expanding its same-day online grocery delivery service to more than 40 per cent of U.S. households, or 100 metro areas, by year-end. In Canada, Walmart Canada currently offers grocery pick-up services in five major markets and plans to double the number of locations this year. It is also experimenting with online grocery delivery in some Greater Toronto Area locations with plans to launch a delivery service in Vancouver this summer.And Costco is exploring ways to deliver groceries to Canadian consumers after introducing a similar service to U.S. customers last October, according to a report in the Financial Post.Rival Loblaw Companies Ltd. has launched home delivery in Toronto and Vancouver, and Metro Inc., which offers delivery in the big Quebec markets, said it is looking to expand its online grocery offerings to Ontario this year.But Empire’s chief financial officer Michael Vels kept expectations tempered by saying “the e-commerce online offering will not be immediately profitable,” adding the company anticipates it will become a “growing and vibrant channel.”Medline indicated the company’s e-commerce efforts will initially be concentrated on the Greater Toronto Area because “that’s a market we need to and will win,” but he acknowledged “there are three or four other markets in the country that we need to look at.”He wouldn’t say how fast Empire will launch in other markets, but revealed that the company has secured its first customer fulfillment centre in Vaughan, Ont., a few hundred meters from its existing automated distribution centre.The fulfillment centre will be kitted out with Ocado’s signature robotics, which U.K. reports say can put together an order of more than 50 items within five minutes.“The issue for e-commerce in this country, in Canada, is that no one has given the customers a fantastic option,” said Medline.“It makes sense for us by offering customers something that they just never have seen before. We will have the highest market share of any grocer.”Medline’s more immediate concern was the increased pressure on sales from competitor Loblaw’s “curious” $25 gift cards offered to consumers after revealing its participation in an alleged bread price-fixing scandal, in which it implicated Sobey’s.The company had better-than-expected results for its third quarter as its revenue and profits improved compared with a year ago.It earned $58.1 million, up from $30.5 million or 11 cents per diluted share in the same period a year ago.Sales totalled $6.03 billion, up from $5.89 billion, while same-store sales excluding fuel increased 1.1 per cent.On an adjusted basis, Empire says it earned 33 cents per diluted share. Analysts on average had expected Empire to report an adjusted profit of 25 cents per diluted share, according to Thomson Reuters.Companies in this story: (TSX:EMP.A)last_img read more

Overflowing oil production continues to dampen oilpatch outlook prices

first_img“You can think of it as a bathtub that’s full. And as long as the bathtub is full, the pressure on the (price) differentials is going to be bad,” said Birn, the vice-president of North American crude oil markets for IHS Markit.“So you’ve got to drain it. And building rail, it will help. You’re seeing announcements around production curtailments and that’s an attempt to accelerate the meeting between supply and demand to drain the basin.”Alberta Premier Rachel Notley announced this week the province would buy as many as 80 locomotives and 7,000 rail tankers to move the province’s excess oil to markets, with the first shipments expected in late 2019.But Jason Kenney, leader of Alberta’s opposition United Conservative Party, says it would provide faster relief if all companies in Alberta were forced to temporarily halt 10 per cent of their production.Canada had total production of about 4.6 million barrels per day of oil in September, with 4.3 million bpd produced in the West, according to the National Energy Board.That month, the country exported 3.47 million bpd of oil, with almost all of it going to the United States. Crude-by-rail exports rose to a record of almost 270,000 bpd. CALGARY, A.B. – Oil market analyst Kevin Birn likens Western Canada’s crude supply to a bathtub with a drain that’s too small to keep up with the increasing volume pouring out of the tap.As barrels of surplus oil lap the edge of the tub, desperate producers are forced to sell at rock-bottom prices to avoid a big mess.Meanwhile, no one seems to agree on how to either turn down the tap or install a bigger drain. After hitting highs of more than US$52 per barrel in October, the discount on Western Canadian Select bitumen-blend crude versus New York-traded West Texas Intermediate settled at about US$29 per barrel on Friday, according to Net Energy, about double the discount it typically fetches due to lower quality and transportation costs.Upgraded synthetic crude from oilsands mines was selling at an US$18.50 discount to WTI (it typically trades near par) and Edmonton light oil was receiving about a US$23 discount, although it is of similar quality to WTI.In an update report on Nov. 21, Scotiabank analysts said the wider-than-usual discounts will cost the Western Canadian oil industry $15 billion to $39 billion of earnings in 2019 compared with a scenario where pipeline capacity is adequate to take away export production.It added the Alberta government could miss out on $1.5 billion to $4.1 billion (roughly $350 to $950 per Albertan) in royalty revenue in 2019.center_img The Canadian Association of Petroleum Producers officially estimates the cumulative economic impact of discounts nationally was at least $13 billion from the start of 2016 to the end of October this year.The oil industry’s problems are mainly due to the failure to build export pipelines to match increases in oil production, said Birn.The 525,000-bpd Northern Gateway pipeline was approved in 2014 by the federal Conservative government and then rejected by the Liberal government in 2016. The 1.1-million bpd Energy East pipeline was cancelled by TransCanada Corp. due to “changed circumstances” in 2017.That leaves the Line 3 replacement pipeline as the most likely to come into service next, adding more than 370,000 bpd of export capacity when it starts up in late 2019, after both the Trans Mountain expansion pipeline project and the Keystone XL pipeline were recently ordered halted by courts in Canada and the U.S.A hint of the trouble ahead came late last year when the Keystone pipeline was shut down for 10 days due to a leak in South Dakota and the heavy oil discount doubled to as much as US$29 per barrel, Birn said.The discount fell during the summer when oilsands production declined due to planned and unplanned project shutdowns in northern Alberta but rose again in the fall as refineries in the United States that use western Canadian heavy oil had their own maintenance shutdowns.Meanwhile, production continued to increase, driven by projects like Suncor Energy Inc.’s 194,000-bpd Fort Hills oilsands mine which began ramping up in late 2017.Birn said it’s tough to say where prices will go from here. Winter is the most active season for drilling in Canada and production normally rises but early indications are that the industry won’t spend as much as usual this year.Voluntarily production cuts, increases in crude-by-rail exports and a plan by the 80,000-bpd Sturgeon Refinery to begin processing bitumen will likely help moderate discounts in the months ahead, he said.(THE CANADIAN PRESS)last_img read more

Environment Canada issues winter storm warning for Fort Nelson

first_imgThe band of snow is expected to shift to the southwest towards Sikanni Chief tonight, where 10 to 15 cm is forecast.Rapidly accumulating snow could make travel difficult over some locations.Drivers are being reminded to prepare for quickly changing and deteriorating travel conditions.For up-to-date road conditions, you can visit FORT NELSON, B.C. – Environment Canada has issued a winter storm warning for Fort Nelson.According to Environment Canada, Hazardous winter conditions are expected.Snow at times mixed with freezing rain will continue this afternoon through tonight before easing Thursday morning. Approximately 10 cm of snow has already fallen this morning around Fort Nelson with a further 5 cm this afternoon.last_img

Bucks lose Pettrey for regular season

Ohio State kicker Aaron Pettrey will have surgery Tuesday to repair a torn medial collateral ligament, or MCL, in his right knee and could miss the remainder of the regular season.Pettrey suffered the injury during a kickoff late in the second quarter of OSU’s 45-0 victory over New Mexico State on Saturday.He is expected to miss four to six weeks, leaving open the possibility of playing in the Buckeyes’ bowl game.Junior Devin Barclay, a 26-year-old walk-on, replaced Pettrey on Saturday and missed two of his three field goal attempts.Pettrey has made 13 of 19 field goal attempts on the season.