May & Baker Nigeria Plc (MAYBAK.ng) Q32020 Interim Report

first_imgMay & Baker Nigeria Plc (MAYBAK.ng) listed on the Nigerian Stock Exchange under the Pharmaceuticals sector has released it’s 2020 interim results for the third quarter.For more information about May & Baker Nigeria Plc (MAYBAK.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the May & Baker Nigeria Plc (MAYBAK.ng) company page on AfricanFinancials.Document: May & Baker Nigeria Plc (MAYBAK.ng)  2020 interim results for the third quarter.Company ProfileMay & Baker Nigeria Plc manufactures and markets a range of pharmaceuticals, vaccines, medical diagnostics, foods and consumer healthcare products in Nigeria. Pharmaceutical products include anti-diabetics, anti-infectives, anti-malaria, analgesics, cough & cold treatments, multivitamins and anxiolytics. May & Bake Nigeria Plc produce a range of Mimee noodles and Lily still water. The company’s head office is in Lagos, Nigeria. May & Baker Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Stocks had a great year in 2019, but if you’re a FTSE 100 investor you may be disappointed. Here’s why

first_img Edward Sheldon, CFA | Thursday, 2nd January, 2020 | More on: ^FTSE Simply click below to discover how you can take advantage of this. Edward Sheldon owns shares in Royal Dutch Shell, Apple, and Microsoft. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Amazon, Apple, and Microsoft. The Motley Fool UK has recommended HSBC Holdings and recommends the following options: long January 2021 $85 calls on Microsoft and short January 2021 $115 calls on Microsoft. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Edward Sheldon, CFA Stocks had a great year in 2019, but if you’re a FTSE 100 investor you may be disappointed. Here’s why Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” After a poor 2018, global stock markets, as a whole, produced strong gains in 2019. On the back of more accommodative monetary policy from major central banks across the world, and optimism that the trade war situation may finally be resolved, stocks had one of their best years since the Global Financial Crisis.That said, if you only own FTSE 100 stocks (as I’m sure many UK investors do due to what’s known as ‘home bias’), you may be a bit disappointed by last year’s performance. You see, in 2019, the FTSE 100 produced a return of just 12% plus dividends, which compared to the returns of other major stock market indices such as the S&P 500 (29% plus dividends) and the STOXX Europe 600 (23% plus dividends), is actually quite low.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…So why did the FTSE 100 produce such underwhelming returns compared to other stock market indices last year?Underperformers One of the main reasons the FTSE 100 underperformed last year is that many of the companies that have large weightings in the index are struggling for growth right now and this is reflected in their share price performances.For example, some of the largest holdings in the Footsie are the oil majors Royal Dutch Shell and BP, and global bank HSBC. Together, these three companies make up a large chunk of the index. Now, last year, the share prices of all three of these companies ended lower than they started. That will have created a huge drag on the index.By contrast, the largest holdings in the S&P 500 index include the likes of Apple, Microsoft, and Amazon. These three companies are all growing at a rapid rate and this is reflected in their share prices. Last year, Apple shares rose nearly 90% (Warren Buffett will be happy as it’s his top stock), while Microsoft and Amazon shares rose around 55% and 23% respectively. It’s these kind of strong performances that will have turbocharged the main US index.Brexit uncertaintyOf course, Brexit will have also impacted the FTSE 100’s returns throughout the year. Despite the fact that many companies in the index are multinationals that generate a significant proportion of their revenues internationally, many global investors will have steered clear of UK equities due to the high level of economic and political uncertainty here in the UK.Home bias can hurt your returns Ultimately, the FTSE 100’s poor performance last year shows how important it is to avoid home bias, and diversify your portfolio properly.If you only owned a FTSE 100 tracker fund, or a handful of FTSE 100 stocks last year, your overall returns would have been quite underwhelming. However, had you owned a diversified portfolio that included exposure to international equities last year, chances are, your returns would have been far more impressive.Having a strong home bias is one of the biggest mistakes that investors make. If you’re reviewing your portfolio as we start the new year, now’s a good time to make sure you’re fully diversified. Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. last_img read more

I think these could be the FTSE 100’s top 2 dividend buys right now

first_img Enter Your Email Address Alan Oscroft | Thursday, 8th October, 2020 | More on: BATS IMB Our 6 ‘Best Buys Now’ Shares 5 Stocks For Trying To Build Wealth After 50 Click here to claim your free copy of this special investing report now! Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has recommended Imperial Brands. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. center_img I’m talking about the FTSE 100‘s two tobacco companies today, Imperial Brands (LSE: IMB) and British American Tobacco (LSE: BATS). Now, there are certainly ethical issues at play here, but it’s not my place to push my views in that respect. You have to make up your own mind on that – I’m just here to make the investment case. And in that regard, I reckon these both offer very attractive long-term dividend potential.With the share prices of the two badly depressed in 2020, their dividend yields are soaring. The British American Tobacco share price has fallen 16% since the start of the year. But forecasts are still strong, putting the shares on forward P/E multiples of only around 8. That pushes forecast dividend yields up to the 8% mark, with the cash covered around 1.5 times by earnings.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Even bigger fallOver at Imperial Brands, the situation looks more extreme. The share price is down 27%, the forecast P/E is down to only a little over 5. And the predicted dividends would yield around 10%. There is a modest dip in earnings on the cards for the current year, but analysts expect things to pick up again next year. And forecast dividend cover is even better at 1.9 times.Imperial Brands’ financial year ended on 30 September, and we’ll have to wait until 17 November for the results. But the firm gave us a trading update Thursday.New CEO Stefan Bomhard spoke of “resilience in adapting to the challenges posed by the Covid-19 pandemic,” and of his “confidence in our ability to deliver a stronger performance in the years ahead“.Attractive outlookThe company says the business has performed well, with consumption rising slightly. It expects a full-year rise in tobacco net revenue of 1% at constant currency, slightly ahead of interim guidance. But due to some extra manufacturing costs and provisions, down to the Covid-19 impact, earnings per share should be down around 6%. That’s in line with market expectations, and I think the dividend is very safe.The year for British American Tobacco, meanwhile, doesn’t conclude until December. At the halfway stage, chief executive Jack Bowles described the company as “performing well in difficult circumstances“. Echoing progress away from actually burning tobacco, the firm told us that 10% of its revenues came from non-combustible products. It’s targeting 50m consumers of non-combustibles by 2030.Adjusted revenue was up 2.4%, with adjusted profit from operations up 3.3%. The company put adjusted EPS 6.6% ahead, better than full-year forecasts.Cash cow dividend stocksMy Motley Fool colleague Jonathan Smith has picked British American Tobacco as the one stock he’d buy in October to hold for life. He makes some excellent points, which I think apply to Imperial Brands too. Both companies are very mature, and there’s no ‘jam tomorrow’ growth element to them. No, they’re just doing what they do very well. And that’s a high margin business that’s strongly cash generative, paying top dividend yields. There’s also a big defensive moat around the tobacco business, and I really can’t see any newcomers knocking the giants off their perches.In short, I’d say Imperial Brands and British American Tobacco have evolved into exactly the kind of cash-cow businesses that every company dreams of becoming. Simply click below to discover how you can take advantage of this. I think these could be the FTSE 100’s top 2 dividend buys right now Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Alan Oscroftlast_img read more

Classic Encounter – Wallabies vs Springboks World Cup Semifinal 1999

first_imgFriday Sep 11, 2009 Classic Encounter – Wallabies vs Springboks World Cup Semifinal 1999 On one of the most sensational weekends of Rugby ever seen, the Semi Finals of the 1999 World Cup will always be remembered for the drama of the French upsetting New Zealand, and the day before that, this classic encounter between Australia and South Africa at Twickenham. Without a doubt one of the most enthralling matches I myself have personally ever witnessed, the Boks vs the Wallabies in ’99 for a place in the World Cup Final was packed with unbelievable tension, physicality, and a famous kick from the man you’d least expect it from. A thrilling contest, Matt Burke and Jannie De Beer ruled with the boot as they exchanged kicks for goal throughout the action packed match. De Beer, who was chief destroyer with his drop kicks against England in the Quarter Final, slotted a penalty under immense pressure with time up on the clocks. The match went into extra time as the world watched to see what would unfold next. It was non-other than Stephen Larkham who changed the course of the tournaments history breaking the deadlock, knocking the wind out of the Bok sails. Larkham, one of the best running flyhalfs ever to play, slotted an incredible 48 meter drop goal to win the match for the Wallabies, sending them into the final against France, which they won easily. Thinking back, its still hard to believe no tries were scored because it was a truly great game of rugby that seemed to have it all. Time: 03:39 ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Rugby World Cup Related Articles 25 WEEKS AGO If you can get your head around it, these… 48 WEEKS AGO You’ve never seen any Rugby World Cup drop… 49 WEEKS AGO TOP 10: Rugby World Cup 2015 was filled with… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life Reports10 Types of Women You Should Never MarryNueeyShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey90% of People Have No Idea What These Two Little Holes Are ForNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Methodist Hospital of Southern California Honored as One of the Best Hospitals in the Nation

first_img Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Methodist Hospital of Southern California in Arcadia is one of only 102 hospitals in the country to receive a five-star rating awarded by the Centers for Medicare and Medicaid Services for providing high quality, safe, effective care to patients.Members of the hospital held a press conference at Pasadena’s dusitD2 Constance Hotel Tuesday to discuss the award that placed Methodist Hospital in the top two percent of hospitals nationally and the only one in L.A County to receive that rating.“We are truly honored to be the only hospital in Los Angeles County to receive this prestigious five-star rating from Medicare,” said Dan Ausman, President and CEO at Methodist Hospital. “We are extremely proud of our doctors, nurses, and staff for helping Methodist Hospital earn this extraordinary recognition for providing excellent patient care.”Medicare’s overall star rating summarizes up to 64 quality measures reflecting common conditions that hospitals treat, such as heart attacks or pneumonia. The overall rating shows how well a hospital performed, on average, compared to other hospitals in the U.S, according to a press release.“Methodist has traditionally been rated as a four star hospital and this year, for the first time, we have been rated a five-star hospital,” said Ausman.Methodist Hospital is one of nine hospitals in California to be rated five stars with the most common rating being three stars.“It’s really a credit to our physicians, clinical staff, the support of our hospital board, the leadership of our medical staff and the foundation board for the resources they have provided for us to be able to provide great clinical care and great technology that enables us to provide a very safe environment for our patients,” said Ausman.The hospital was founded in 1903 and offers advanced cardiovascular and neuro-interventional services, including cardiac catheterization, open heart surgery, neurosurgery, and clot removal for stroke. Los Angeles County has designated Methodist Hospital as both a heart attack and stroke receiving center as well as an Emergency Department Approved for Pediatrics.More than 57,000 patients were treated in the Emergency Department last year with more than 16,000 patient admissions and 25,000 outpatient visits to the hospital alone, according to a press release.“Good doctors are looking for good hospitals and good hospitals are looking for good doctors and we’ve got a great match here,” said Methodist Hospital Foundation Board of Directors Chairman Sherry Wang.Earlier this year, Methodist Hospital was also recognized by The SafeCare Group as part of their 100 SafeCare Hospitals listing where the hospital ranked number eight in the nation among hospitals with more than 400 beds for providing high quality, safe care to patients.“The hospital continues to give back to the community in terms of new services, ensuring our patients don’t have to leave the Arcadia and San Gabriel Valley area to go other hospitals,” said Ausman.For more information on Medicare’s Hospital Overall Star Ratings initiative, go to www.medicare.gov/hospitalcompareFor more information about Methodist Hospital of Southern California, visit www.methodisthospital.org. Top of the News Business News 3 recommended0 commentsShareShareTweetSharePin it First Heatwave Expected Next Week Name (required)  Mail (required) (not be published)  Website  More Cool Stuff Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy center_img Community News Methodist Hospital of Southern California Honored as One of the Best Hospitals in the Nation From STAFF REPORTS Published on Tuesday, September 20, 2016 | 6:32 pm Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena HerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyHere Is What Scientists Say Will Happen When You Eat AvocadosHerbeautyHerbeauty Subscribe Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Make a comment faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Your email address will not be published. Required fields are marked *last_img read more

Volunteers to escort abortion clinic users

first_imgTwitter THERE has been an overwhelming response from Limerick people volunteering to act as escorts to local women availing of abortion services.Fears of anti-abortion protests have prompted one of the steering group of the ’Lawyers for Choice” campaign to explore providing a voluntary escort service for women under the banner of ‘Siúl Liom’.Sign up for the weekly Limerick Post newsletter Sign Up Among the first of the many to reply to her Tweet about the plan were a stream of Limerick people, including one pregnant woman, all of whom offered to be escorts for women walking to and from services which involve termination of pregnancy.Limerick’s Maternity Hospital was among the first of the country’s hospitals to say they were ready to accept referrals for pregnancy termination when the new legislation came into being on January 1.Lawyers for Choice steering group member, Sandra Duffy, said the ‘Siúl Liom’ initiative is her own rather than that of Lawyers for Choice members, but the group is “supportive” of it she told the Limerick Post.“This is at the very early stages as yet and I put out the tweet to see if we could put together a network of support,” she said.Ms Duffy, confirmed that there was a groundswell of support from Limerick, with offers rolling in to help women have safe passage in the event of protests being staged. Print RELATED ARTICLESMORE FROM AUTHOR Linkedin TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Shannon Airport braced for a devastating blow Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites TAGShealthLimerick City and CountyNews Limerick Post Show | Careers & Health Sciences Event for TY Students center_img WhatsApp Advertisement Email Facebook Limerick on Covid watch list Previous articleCork City defeat Limerick FC in pre-season friendlyNext articleFilm Review – The Favourite Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. NewsHealthVolunteers to escort abortion clinic usersBy Bernie English – January 13, 2019 2243 Local backlash over Aer Lingus threatlast_img read more

Jim Mc Guinness looking forward to the journey home

first_img Google+ Twitter Main Evening News, Sport and Obituaries Tuesday May 25th Pinterest 365 additional cases of Covid-19 in Republic Twitter WhatsApp Facebook By News Highland – September 24, 2012 Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsAppcenter_img Pinterest Google+ Gardai continue to investigate Kilmacrennan fire 75 positive cases of Covid confirmed in North Jim Mc Guinness has arguably become the most talked about football manager of recent times. His two year tenure has seen a phenomenal transformation in the Donegal team, culminating in yesterday’s victory.Speaking to Charlie in the Burlington Hotel last night, he said he’s really looking forward to the journey home this evening……[podcast]http://www.highlandradio.com/wp-content/uploads/2012/09/jimam.mp3[/podcast] Man arrested on suspicion of drugs and criminal property offences in Derry Jim Mc Guinness looking forward to the journey home News Previous articleCollins and Bonner celebrate victory in Croke Park commentaryNext articleCanada seeking to recruit 1,000 Irish workers News Highland Further drop in people receiving PUP in Donegal last_img read more

Yes Bank Scam: Bombay HC Rejects All Bail Applications Filed By Wadhwan Brothers

first_imgNews UpdatesYes Bank Scam: Bombay HC Rejects All Bail Applications Filed By Wadhwan Brothers Nitish Kashyap3 Nov 2020 11:38 PMShare This – xThe Bombay High Court on Wednesday rejected all four bail applications filed by Kapil Wadhwan and Dheeraj Wadhwan in the case filed against them by the Central Bureau of Investigation for alleged cheating and under relevant sections of the Prevention of Corruption Act in relation to the Yes Bank fraud case.Justice SV Kotwal pronounced the order via video conferencing. He had reserved the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Bombay High Court on Wednesday rejected all four bail applications filed by Kapil Wadhwan and Dheeraj Wadhwan in the case filed against them by the Central Bureau of Investigation for alleged cheating and under relevant sections of the Prevention of Corruption Act in relation to the Yes Bank fraud case.Justice SV Kotwal pronounced the order via video conferencing. He had reserved the order after hearing the investigating agency as well as the applicants on October 23. According to the applicants, CBI had failed to comply with procedural requirements under the Code of Criminal Procedure while filing the chargesheet before the Special CBI Court. Applicants contended that the report under Section 173 of the Code of Criminal Procedure, 1973 was not filed within the time stipulated under Section 167 of CrPC.Further, petitioners argued this lapse on part of CBI gives rise to their indefeasible rights and, therefore, they are entitled to be released on bail. The applicants had filed similar bail Applications before the Special Judge. Both these Applications were rejected by a common order dated July 31, 2020. After the report under Section 173 of CrPC was filed before the Special Judge, the matter was transferred to the Court of Additional Chief Metropolitan Magistrate. The applicants had also preferred separate applications for bail on similar grounds before the Additional Chief Metropolitan Magistrate. Those Applications were also rejected. Hence, four separate applications were filed seeking bail in the case.SubmissionsSenior Advocate Amit Desai appeared on behalf of Kapil Wadhwan and Senior Advocate Dr.Abhishek Manu Singhvi for Dheeraj Wadhwan. Desai argued that the purported report under Section 173 was not placed before the Special Judge and it was merely presented in the Registry. According to Amit Desai, this was also in violation of the provisions of law and, therefore, no report was presented on June 25, 2020 in the eyes of law. Desai also submitted that Section 409 of IPC was applied as a subterfuge as CBI wanted to wriggle out of their difficulty of not filing the report under Section 173 of CrPC within 60 days.On the other hand, Dr.Singhvi said-“Statutory bail is a vital liberty linked with indefeasible rights and the Court has to see through the direct and indirect subterfuges and such method should be eliminated to give effect to the right accrued to the accused in the letter and spirit. In the present case, such an attempt is made by the investigating agency by invoking Section 409 of IPC illegally to claim that the period for filing of the report is 90 days and not 60 days.”CBI’s counsel Additional Solicitor General Anil Singh opposed these applications. He submitted that the Supreme Court in Narendra Kumar Amin Vs CBI (2015) has concluded the issue and this Court cannot go beyond the interpretation of the Supreme Court in Narendra Kumar Amin’s case (supra). Relying on the order of the CBI Court rejecting bail to the applicants, he submitted that the applicant’s contention regarding the procedure under Section 173 was not submitted before the Special CBI Court.OrderAfter examining submissions advanced on behalf of the applicants as well as the prosecution, Court said-“I am unable to agree with the contention raised by Shri Amit Desai. In S Kasi Vs. State through the Inspector of Police Samaynallur Police Station, Madurai District, the Hon’ble Supreme Court has referred the Settu Vs. State Represented by Inspector of Police only in the context of the time to file charge-sheet. This particular question as to whether it has to be actually presented before the Magistrate and whether his signatures are required to be obtained, was not considered in S. Kasi’s case (supra). CrPC itself does not provide that the report under Section 173(2) has to be produced before the Magistrate alone and that it cannot be presented in the Registry.”Moreover, Court noted that the object behind all these provisions is that the investigation should be completed at the earliest and not later in point of time of the period stipulated under Section 167 of CrPC.”Thus, if the report under Section 173(2) is presented in the Registry that signifies the conclusion of the investigation. There is no requirement of law that it has to be handed over to the Magistrate himself” Court said. Justice Kotwal clarified-“In the present case, the investigating officer has taken proper steps to produce the papers in the Registry on the 60th day and it was accepted in the Registry. In any case, if the bail application for default bail is preferred, the Court is required to be informed whether such a report is already filed or not. The default bail application cannot be decided without answering this question. Therefore, if the Court finds that the report was filed before filing of the default bail application, right for default bail does not arise.”Court also rejected Dr.Singhvi’s argument that a mere report without the documents and statements of witnesses was filed on the 60th day and the documents were filed subsequently on July 9, 2020 which amounts to subterfuge. Justice Kotwal observed-“I completely disagree with these submissions. The allegations are not pertaining to criminal breach of trust committed by either of the accused in respect of each others’ property. The prosecution case is that public money which was deposited by the depositors with Yes Bank was used for committing this offence, for personal gain and for causing loss to the bank and its depositors. This offence was committed pursuant to the conspiracy among all the accused. The real victims were the depositors and shareholders; particularly of Yes Bank. That amount was not utilized for getting profit for Yes Bank, but it was used for personal gain of the accused. Thus, clearly offence of Section 409 of IPC is made out. The ingredients of this offence are clearly borne out in the report filed before the Special Court. Therefore, it does not matter whether the remand reports prior to 25.6.2020 mention that particular offence.”Finally, Court concluded that although the right to default bail for non-filing the police report within the stipulated period provided under Section 167 of CrPC is an indefeasible right which flows from Article 21 of the Constitution of India, such right cannot be defeated by any subterfuge. Dismissing the bail applications, Justice Kotwal said-“The Courts cannot be too technical while entertaining application for bail for not filing the police report within the stipulated period under Section 167 of CrPC. The report filed on 25.6.2020 by the investigating agency before the learned Special Judge for CBI at Greater Mumbai complied with all the requirements of law and hence was a proper report, filed within the period specified under Section 167 of CrPC. Not filing the documents and statements of witnesses along with the report does not make that report an incomplete report.”Click Here To Download Order[Read Order]Next Storylast_img read more

Letterkenny ‘severely lacking’ in community Gardai – Chamber President

first_img WhatsApp Pinterest AudioHomepage BannerNews Google+ DL Debate – 24/05/21 The President of the Letterkenny Chamber of Commerce says more community Gardai are needed for the town and surrounding area. Lenard Watson was reacting to the findings of the Oireachtas Justice Committee report which was published yesterday.The report recommended that rural areas that lost Garda stations during the economic crash should get more resources and have vacant positions filled.Mr. Watson believes community Gardai are the cornerstone of effective policing and for Letterkenny to be severely lacking is a cause of huge concern:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/03/watsdssdfsdfon1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Derry draw with Pats: Higgins & Thomson Reaction Google+ Letterkenny ‘severely lacking’ in community Gardai – Chamber President Twitter By News Highland – March 29, 2019 center_img WhatsApp Facebook Journey home will be easier – Paul Hegarty RELATED ARTICLESMORE FROM AUTHOR Pinterest Harps come back to win in Waterford Previous articleMajor investment plans for old Milford HotelNext articleShort stay ward at LUH to reopen next month News Highland Facebook News, Sport and Obituaries on Monday May 24th FT Report: Derry City 2 St Pats 2 last_img read more

Main Evening News, Sport, Nuacht and Obituaries Friday 16th March

first_img Twitter Facebook Harps come back to win in Waterford Facebook AudioHomepage BannerNews Journey home will be easier – Paul Hegarty Pinterest Previous articleOver €97,000 awarded to Áislann Chill CharthaNext articleBack to back Brandywell wins for Derry City News Highland WhatsApp FT Report: Derry City 2 St Pats 2 Main Evening News, Sport, Nuacht and Obituaries Friday 16th March Main Evening News, Sport, Nuacht and Obituaries Friday 16th March:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2018/03/16news.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.center_img Pinterest RELATED ARTICLESMORE FROM AUTHOR Google+ DL Debate – 24/05/21 By News Highland – March 16, 2018 WhatsApp Google+ Twitter Derry draw with Pats: Higgins & Thomson Reaction News, Sport and Obituaries on Monday May 24thlast_img read more

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