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Wednesday 24 November 2010

London denies supporting hitmen

Posted On 11:54 by Fraser Trevor-Pacheco 0 comments

Market Leader : News :: London denies supporting hitmen: "4 individuals have been detained in Marivan, Iran, in connection with a series of murders.

The Iranian mass media say the detained hit-men have ties with Great Britain. They are accused of a series of contract killings committed within the last 2 years.
The British authorities denied supporting or participating in any terrorist or criminal activity anywhere around the world, including Iran."


Welfare to be cut by €2.8 billion - The Irish Times - Wed, Nov 24, 2010

Posted On 11:47 by Fraser Trevor-Pacheco 0 comments

Welfare to be cut by €2.8 billion - The Irish Times - Wed, Nov 24, 2010: "Government is proposing reducing the social welfare budget by €2.8 billion over the course of its four year national recovery plan between 2011 and 2014.
The plan does not specify individual cuts to welfare payments but it suggests that a radical reform of the existing child benefit and unemployment system will be announced on budget day.
Cuts of €760 million will be made from the Department of Social Protection budget in 2011 in addition to savings of €100 million achieved through 'labour activation' measures aimed at getting people back into employment.
Further savings worth €1.9 billion will be required in the period 2012-2014, which should bring the overall social protection budget to €17.9 billion in 2014."


Dolce and Gabbana accused of one-billion-euro fraud: report

Posted On 11:45 by Fraser Trevor-Pacheco 0 comments

AFP: Dolce and Gabbana accused of one-billion-euro fraud: report: "Italian prosecutors on Friday requested the trial of famous fashion house Dolce and Gabbana for alleged tax fraud of around one billion euros (1.4 billion dollars), ANSA news agency reported.
The request came from Milan prosecutor Laura Pedio, it said.
Reports last month said investigators had completed an inquiry into founders Domenico Dolce and Stefano Gabbana, as well as five other people.
Il Sole 24 Ore business daily reported earlier the company had failed to declare 840 million euros in revenues.
The reported allegation is that Dolce and Gabbana created a company in Luxembourg in 2004 and 2005 which was given control of the group's brands, thereby avoiding Italian taxes.
The unpaid taxes amount to 420 million euros, one report said.
Italy has been cracking down on widespread tax evasion in recent months in an effort to raise government revenues following the global economic crisis.
Dolce and Gabbana was set up in 1985 and employs more than 3,000 people, with a network of 116 stores and 17 factory outlets in 2009."


Jail after £113,000 benefits fraud is cracked | 2010

Posted On 11:44 by Fraser Trevor-Pacheco 0 comments

NORTHLONDON TODAY | NEWS | Jail after £113,000 benefits fraud is cracked | 2010: "ROMANIAN fraudster and suspected child trafficker has been sentenced to three years in jail after he was found guilty of benefit fraud and money laundering.

Illie Schian, 46, from Enfield, was sentenced at Southwark Crown Court last Friday having pleaded guilty to defrauding various local authorities, including Enfield Council, out of a total of £113,000.

He is also one of 26 men to have been charged in Romania in connection with child trafficking and has been recommended for deportation once his sentence finishes.

Schian was arrested on July 20 following an investigation by the Operation Golf team, which is the UK half of a joint Romanian and British police unit. It was set up to tackle a specific Roma organised crime gang in London, which is believed to have trafficked 181 children into Britain for the purpose of begging, stealing and benefit fraud.

Chief Inspector Colin Carswell, from the Operation Golf team, said Schian has been living in the UK since 1999 under the false name of Nelus Gheorghe.

“As a member of an organised crime gang he spent ten years in the UK exploiting the weakest from his own community as well as making a deliberate and sustained attack on the UK benefits system,” he said.

“He portrayed the image of being in need of money from UK benefits. Our Romanian colleagues and my team proved this to be a lie. In Romania he owned a mansion, a BMW X5, Audi TT, motorbikes and quad bikes. In one of his Romanian bank accounts was the equivalent of £20,000. Schian now needs to answer the trafficking charges laid against him in Romania.”"


Anti-skimming devices to stop credit card fraud on Boris bikes | News

Posted On 11:43 by Fraser Trevor-Pacheco 0 comments

Anti-skimming devices to stop credit card fraud on Boris bikes | News: "Boris bike docking stations are being fitted with anti-skimming technology amid fears they will become a magnet for credit card fraud.
Transport for London is worried the cycle hire scheme will be targeted by criminals when it is widened to include tourists and casual users next month.
TfL said in a statement today: “Additional security anti-skimming devices will be fitted to all Barclays Cycle Hire terminals. This will ensure card readers are not tampered with in any way.”
A spokeswoman added: “Software will detect electronic equipment fitted to the terminal by someone wanting to clone cards. When people are using cards we want to make sure they are as safe as possible.”
TfL confirmed that unregistered users would be able to hire bikes from December 3 — a date revealed by the Evening Standard a month ago, and four months later than promised by Boris Johnson."


UBS Sued for $2 Billion by Madoff Trustee, Calls Fraud Claims `Unfounded' - Bloomberg

Posted On 11:40 by Fraser Trevor-Pacheco 0 comments

UBS Sued for $2 Billion by Madoff Trustee, Calls Fraud Claims `Unfounded' - Bloomberg: "UBS AG, the Swiss wealth-management firm sued for fraud by the trustee liquidating jailed con man Bernard L. Madoff’s assets, denied complicity in the Ponzi scheme and said clients knew with whom they were dealing.
Irving H. Picard, trustee for the liquidation of Bernard L. Madoff Investment Securities LLC, is seeking at least $2 billion in behalf of Madoff’s victims, according to the complaint, filed yesterday in U.S. Bankruptcy Court in New York."


CSC in talks over £1.6bn Trafford Centre deal

Posted On 01:30 by Fraser Trevor-Pacheco 0 comments

FT.com / Companies / Property - CSC in talks over £1.6bn Trafford Centre deal: "Capital Shopping Centres is in advanced talks to buy the Trafford Centre in a share-based transaction that would value the giant shopping mall near Manchester at £1.6bn including debt, making it the UK’s largest property deal.
The centre is currently owned by Peel, a family property company controlled by John Whittaker, who would become CSC’s biggest shareholder and deputy chairman if a deal went through.
EDITOR’S CHOICE
Westfield set to spin off Australian unit - Nov-02Lloyds behind £4bn in UK property deals - Nov-18Citigroup tower priced at £1bn - Nov-03CSC would also carry out a placing of new shares worth up to 9.9 per cent of the company’s market capitalisation which, based on Tuesday’s closing price, was £2.2bn."


Misery for commuters as rail fares set to rocket by as much as 13% in January | Mail Online

Posted On 01:29 by Fraser Trevor-Pacheco 0 comments

Misery for commuters as rail fares set to rocket by as much as 13% in January | Mail Online: "Rail passengers face ‘astronomical’ fare rises of up to 13 per cent in January – with worse to come.The increases have sparked a furious row over ‘rip-off’ ticket prices, with rail company bosses accused of hiding the truth while passengers suffer ‘cattle-class’ conditions of overcrowding.Train firms – which receive billions in taxpayer subsidies – were attacked by unions for the ‘outrageous’ rises."


Irish Bank Shares Fall On Report Govt To Up BoI Stake - WSJ.com

Posted On 01:28 by Fraser Trevor-Pacheco 0 comments

Irish Bank Shares Fall On Report Govt To Up BoI Stake - WSJ.com: "Irish bank shares continued to slide Wednesday on mounting expectations that the Irish government is likely to take a majority stake in the Bank of Ireland (BIR.DB) as part of a rescue package worth close to EUR85 billion from the European Union and the International Monetary Fund.
At 0840 GMT, shares in BoI were down 10% at EUR0.27. Allied Irish Banks PLC (AIB), whose government ownership will rise to around 95% after a planned rights issue, was down 19% at EUR0.27.
Irish Life & Permanent (IL0.DB), which so far hasn't received any state aid, fell 0.4% to EUR0.75.
The Irish ISEQ Financials index has fallen around 36% since Friday.
A majority stake in the BoI would leave Ireland without a significant lender free of state control."


Councils-set-charge-like-grant-planning-permission--smallest-job

Posted On 01:16 by Fraser Trevor-Pacheco 0 comments

The Government defines its 'localism' agenda as handing powers back from central government to locally-elected bodies. But anyone who submits a planning application from next April will wish the Government hadn't bothered.
Last week the Department for Communities and Local Government published proposals to give planning authorities the right to charge applicants the full administrative costs of submitting a planning application.
Lucky homeowners such as Nigella Lawson - who is already converting a former gasworks into a luxury London home - will miss paying these extra charges. But for those wanting to convert a property, build an extension, or even just prune a protected tree from next spring, it could mean paying hundreds in extra fees.
At present, fees which authorities can charge for submitting an application are laid down by Ministers under powers within the Town and Country Planning Act 1990.
These have been increased in recent years. If you want to improve or enlarge a single dwelling house, for example, you must pay £150.
But the Government claims that authorities are still not recovering the full costs of handling applications - which include holding meetings, arranging site visits, consulting neighbours and other local bodies, and handling objections.

From period house to the picket line: BBC presenter Penny Bustin works up to a £1m mansion... but can't cut her union roots
It cites a report by consulting engineers Arup in 2009 which found the average cost of handling an application was £619, and the average fee charged to applicants was £563.
As a result, claims Decentralisation Minister Greg Clark, those who submit applications can expect to see fees rise by around ten per cent.
But the Local Government Association, which represents councils and which has been lobbying hard for the change, cites two very different figures.
It says that it costs councils an average of £896 to handle a planning application, but that they only receive an average of £370 in fees per application. This suggests that councils will seek to more than double the existing fees.

Hundreds in extra fees: Lucky homeowners, like Nigella , who has already started work on her home, will miss paying these new charges
Under the proposals, authorities would not be allowed to profit from processing planning applications. Yet they would have no incentive, as they do at present, to keep administration costs as low as possible.
There would be little to stop councillors piling into cars to inspect every application - followed by a pub lunch - knowing they could pass on the full costs to the applicant.
There are several nasties buried deep within the consultation document- to which everyone has the right to respond before January 7.
It suggests councils be granted the right to charge extra fees for retrospective planning applications - with the result that councils could set up teams of enforcement officers to go on fishing expeditions for breaches, all funded by what would effectively constitute fines for transgressors.
The Government says in its consultation document that it is minded not to change the current arrangements for applications for listed buildings consent, works in conservation areas and for works to trees subject to Tree Preservation Orders - which are currently free.
Yet it has nevertheless included the prospect of levying charges in the consultation. That could mean homeowners paying several hundred pounds just for permission to trim a branch.


Read more: http://www.dailymail.co.uk/property/article-1331959/Councils-set-charge-like-grant-planning-permission--smallest-job.html#ixzz16BpHrJHR


Ireland offered €85 billion in IMF/EU package - RTÉ News

Posted On 01:15 by Fraser Trevor-Pacheco 0 comments

Ireland offered €85 billion in IMF/EU package - RTÉ News: "The EU and the IMF will offer the Government an €85 billion facility which can be used to recapitalise the banks and fund the public finances.
1 of 1 IMF package - Level of capital in Irish banks to raise Related Stories
Irish bail-out will stabilise the euro - Spain
Plan will have policy conditions - ECB
Ireland formally asks for EU help
It emerged last night that the EU and the IMF will offer the Government an €85 billion facility which can be used to recapitalise the banks and fund the public finances.
The package would see the level of capital in the Irish banks being increased from 8% to 12% in a move to bolster confidence of depositors in the financial system."


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