Investor denies money laundering conviction claim by Gaming Authority

first_imgThe Guiana Holding Incorporated, trading as Superbet, is denying allegations by the Gaming Authority that one of its principals was convicted of money laundering and served a four-year sentence.In a letter sent to Guyana Times by Guiana Holding Incorporated’s attorney, Anil Nandlall, it was noted that the pronouncement by the Gaming Authority about the conviction is “both inaccurate and libelous…no principal of Guiana Holding Inc was ever convicted of money laundering or even charged with any such offence or, indeed, any offence at all.”On Wednesday, the Gaming Authority in a press statement said it made the alleged discovery back in January 2019 during the course of conducting due diligence while processing a good standing certificate, which was requested by Superbet in September last year.The Authority disclosed that it was provided with information of the allegation, after which it enhanced its due diligence, and issued a letter to Guiana Holding Inc to seek clarification on February 14, 2019.The gaming agency reportedly responded on March 4, 2019, and the Gaming Authority took steps to verify the information.“The response from Guiana Holding Inc and additional information received by the Gaming Authority on April 5, 2019, during the verification process, after careful analysis, led to determination, that an AML/CFT audit of Superbet operations was necessary to determine the veracity of the information received. This would allow the Gaming Authority to make an informed determination on the issuing of the good standing certification.”According to the statement, this was communicated to Guiana Holding Inc on April 23, 2019, and they have in principle, agreed to the audit.The Gaming Authority has been in the process of organising the audit team, it stated, adding that a Non-Disclosure Agreement has been sent to the said organisation for signature and for submission of a proposal and cost. A deadline of July 31, 2019, has been set for the conclusion and submission of the audit report.The outcome of the audit will determine the Gaming Authority’s position on the issuing of the good standing certificate.Stifling investorPrior to this requirement, Superbet has been operating in Guyana for more than five years. The business now has over 175 locations across Guyana, which brings in income for over 500 persons.General Manager Shrikant Kisoensingh complained that it is not being granted its renewal of licences owing to victimisation on the part of the Guyana Gaming Authority. In fact, Kisoensingh’s lawyer, Anil Nandlall, has already said he is ready to represent his client in the court as he feels he is being victimised.However, the Gaming Authority denied stymieing the investor in Wednesday’s statement explaining that the certificate of good standing, which is required by the agency, was not produced by the trending gambling attraction but is necessary to qualify the business for their licence renewal.According to the Gaming Authority, the certificate of good standing is just one of nine requirements needed by a business when applying for a Betting Shop Licence.Before 2018, a letter of good standing from the Authority did not form part of the process but was later introduced to ensure due diligence for the purpose of Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT), it added.last_img read more

More support for SA’s women academics

first_img13 September 2012 South Africa’s Science and Technology Department is strengthening its support for women academics in a bid to increase the number of women with doctorates and masters degrees, as well as develop more black women academics. Science and Technology Minister Naledi Pandor said her department had introduced a number of interventions to increase the number of researchers and strengthen support for black women researchers through new funds added to the department in the last financial year. She was speaking at the 2012 Higher Education Resources Services SA (HERS-SA) academy held at the Upper Eastside Hotel in Cape Town on Wednesday. HERS-SA is a non-profit organisation advocated for the career development of women in academia. Strengthening support for emerging researchers Pandor said the National Research Foundation (NRF) had strengthened support for women through the Thuthuka programme, which is aimed particularly at young, black and female emerging researchers. A network of established researchers willing to serve as mentors to black researchers will be established and the department will also award about 115 once-off research development grants valued at up to R300 000 to qualifying researchers. Last year, just 29% of the 2 456 researchers that were rated by the NRF were women, while only 20% were black. The department will continue to make available block study-grants for part-time doctoral students and about 100 block study grants will be made in the next three years. The grants will support part-time doctoral students that are in the process of preparing a dissertation or at least one manuscript for submission to an accredited journal. The department will also offer research career advancement fellowships to senior post-doctoral fellows who will be groomed for potential candidates for the department’s Research Chairs initiative. Under the Research Chairs initiative, about 100 awards will be made in the next three years. The awards will consist of a taxable salary of R350 000 a year and a grant of up to R100 000 a year for operational and travel expenses.Women still under-represented She said although women now made up six out of every 10 first-degree graduates and honours graduates, women were still under-represented in higher degrees – the proportion of women Masters and PhD students only increased from three out of 10 to four out of 10 students between 2001 and 2009. Similarly, while progress had taken place in the enrolments and graduations of black women at honours and undergraduate levels, the number of black women fell dramatically at doctorate and master level. Pandor encouraged women academics to aim higher as the country only had three women vice-chancellors. What was needed was for more planning to be done to bring about the advancement of women in higher education, she said. Women in South Africa also needed to be pro-active and network more as this could help in their advancement and communication, and advocacy efforts needed to be increased so that more women came to know about the various programmes and initiatives available to women,. Source: SANews.gov.zalast_img read more

Mediocrity as a raging epidemic

first_imgThe dictionary describes mediocrity as a low degree of merit, an unresponsive attitude imbued with a general apathy, a middle state of existence.To say that we live in a time of mediocrity is to give mediocrity a bad name. We aspire to very little, we are satisfied with nothing, and we live without expectation. Part of the decline stems from the daily dose of political rot meted out by the media, the incessant air waves and sound bytes of mediocre men who control and charge the atmosphere with daily venom.And they are everywhere. Replacing genuine heroes like Gandhi, Tagore and Einstein, they rush in and out of the television frame, people with 10 minutes of fame, casting aspersions on each other, men and women with rasping opinions but no vision, spewing volumes of self-righteous indignation.The daily face of the politician, the cricketer, the bureaucrat, the journalist, the film hero and the Godman- those interchangeable personalities of India.The movie star’s opinion on trade, the minister’s opinion on art, the journalist’s view of nuclear energy, the cricketer on corruption, the bureaucrat’s participation in the Literary Festival, all contaminate daily life to a point of distraction and diversion.Public domainA minister for agriculture controls a private cricketing body; a cricketer joins the Rajya Sabha; a Communist party leader writes a regular newspaper column; a film actress wins elections in Rajasthan, a convict in Uttar Pradesh. Substitutions can be made between politics, sport, religion, film, smuggling.In the relentless public view of the power game, the nation’s daily debates take place from uncertain, immoderate positions. Everyone must have a say; everyone must disagree; everyone must express their belief in public forums.advertisementEveryone must be known for their volubility, their public presence, their hits on Facebook, the number of followers on Twitter, the number of disciples at a public fast, the number of cars in the garage.Amorphous and always deliberately vague, visibility imparts a renewed sense of purpose. Even in their most private moments, the TV cameras must be on.Public service means continual public consumption; the strange sight of agitated men, shunting in and out of cars with blinking red lights, between Parliament house and jail, between hotel conference and airport, descending from the sky to inspect a flood.The hollow faith of position, status and national enterprise moulded into a daily and charged practice.Without responsibility or achievement, the mere act of maintaining position becomes responsibility, even achievement.It rankles first with the lack of political idealism, bordering on polemical confusion.The Communists still call each other Comrade and their meeting, a Politbureau, but are the first to propound theories of private investment as progress.NGOs bask in a halo of goodness, keeping up the theme of Gandhian austerity, all the while keeping a hand firmly in the deep pockets of their foreign benefactors.Economists reel under the pressure of urgency for poverty line solutions, but must make time for the summit at Davos. The Godman speaks less of God than of more pressing mortal things like corruption, and if elected, to find a cure for black money through the rigorous practice of yoga.Corruption Pampered by idleness and inaction, on air and in the press, in country maidans and at India Gate, emotions run high- a convenient substitute for decisions.But they are relentless in their plunder.One hundred thousand crore, three lakh thousand crore, the figures are meaningless.In the far reaches of burnt out cities, at the edge of treeless forests, bloated bodies come up for air, gratifying their appetites in lust and treasure- a little rape here, a bauxite mine there.But they must daily pamper their dead weight with a high diet, squeezing their servers with gold-studded fingers, and letting others bend to their immodesty.Their true ideals- of uncontrolled prejudice and savage division- are a new form of life’s inspiration.Change Even the false ambitions of the young, the verbal fluency of the intellectuals, and the oscillating conviction of the politicians leave little but a gnawing incompleteness- as if the scale of ordinary life can only be viewed in a flash of personal viewpoints.It is rhetoric of mindless populism, where everything hinges on the economy, material output, rising aspiration, leaving a maladjusted social system, and a people unlinked to any collective desire for change.In the bleached atmosphere of the new century, it is hard to tell apart the ridiculous from the sublime, falsehood from utter falsehood.When the believers are themselves on sale, the equation hardly matters.advertisementMost people, most cultures, that live in hope, do so only because they expect life to change, and for the better. When people begin to believe that change is impossible, when even the floundering has ceased, there is little but terminal decline.The only hope for the future that fills the heart with any optimism is the quick passing of the present, and its replacement with a successor that owes nothing to the present. Something good is bound to rise from the ashes. Far away there are daily rumblings of a coming transformation.In small town, in village, a minor prophet with gentler intentions is on the rise. Living the new ideal on tamped earth, a faint hint of hope, still faint, but ready to remake the world.In an era marked by mediocre men, and a complete absence of applied ideas, is it a wonder that the old profession of leadership flounders for lack of applicants?It was Choudhary Charan Singh who said that the leader of a country of 600 million farmers should himself be a farmer. The Indian leader today is merely a repeat image of the mass he represents. He is just one of us.last_img read more

DeMarcus Cousins willing to log big minutes if Warriors need

first_imgTwo-day strike in Bicol fails to cripple transport Duterte wants probe of SEA Games mess MOST READ Good thing.Now recovered from what basically was a hole in his leg, Cousins is more than plugging a hole in the lineup.“I want to be on this stage,” Cousins said. “This is what I’ve worked for my entire career, to be on this stage, to have this opportunity to play for something. But once they told me I had a chance, a slight chance, of being able to return, it basically was up to me and the work and the time I put in behind the injury. It was up to me. So I put the work in.”The Warriors aren’t sure yet if Kevin Durant will be ready to play in Game 3. Backup center Kevon Looney has an upper-body injury that coach Steve Kerr sounded concerned about after Game 2. Klay Thompson, who rarely gets hurt, left Game 2 with a strained hamstring — though told Kerr he will play Wednesday.Compared to what Cousins has gone through, those are all relatively minor deals.He ruptured his Achilles in January 2018, missed the rest of that season, signed with the Warriors last summer in a bargain — a six-time All-Star for $5.3 million — and needed until this January to get back on the floor. And then when he finally got to be on the floor in the postseason for the first time, he ripped the quad muscle in the first quarter of Game 2 of the opening round.Cousins played eight minutes in Game 1 of the finals, then got 28 big minutes as a starter in Game 2.Expect another 28 minutes — or more — in Game 3.“We do feel confident that we can continue to get good minutes from him,” Kerr said. “We’re going to need them, obviously, with all these injuries.”That’s just fine with Cousins. Catholic schools seek legislated pay hike, too LATEST STORIES Don’t miss out on the latest news and information. He also might have changed the series, which resumes in Oakland on Wednesday night for Game 3.“On our defensive end, making his presence felt blocking shots, being in the right place at the right time, it’s a big lift for us,” Warriors guard Stephen Curry said. “I know he’s been waiting a long time to be on this stage. Obviously with his injuries, he’s taken the challenge of inserting himself and making that transition smooth. So it’s been fun to watch. More to come.”The fact that he’s even on the floor is a surprise to the Warriors.It remains unclear how much they really believed their own words when they told Cousins that he had a chance of coming back this season from his torn quadriceps muscle, suffered in the opening minutes of Game 2 of the first-round matchup against the Los Angeles Clippers.All that matters now is that Cousins believed them.ADVERTISEMENT Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue Private companies step in to help SEA Games hosting DA eyes importing ‘galunggong’ anew Cayetano: Senate, Drilon to be blamed for SEA Games mess Toronto Raptors forward Kawhi Leonard (2) looks on as Golden State Warriors centre DeMarcus Cousins (0) stumbles with the ball during the second half of Game 2 of basketball’s NBA Finals, Sunday, June 2, 2019, in Toronto. (Frank Gunn/The Canadian Press via AP)TORONTO (AP) — DeMarcus Cousins says he’s good with any workload the Golden State Warriors task him with for the remainder of the NBA Finals. Start, don’t start. Play a few minutes, play big minutes.“Whatever’s needed,” Cousins said.ADVERTISEMENT He’ll be a free agent in a few weeks, which doesn’t seem to be on his radar whatsoever right now. In a locker room where just about everybody has a handful of rings, he’s playing for his first piece of championship jewelry.He’s not 100 percent right now. But if the Warriors need him to play as though he is, Cousins said he will.“I’ve told you all before I don’t take any of this for granted,” Cousins said. “I’ve seen how quick this game can be taken away from you. So every chance I get to go out there and play, I’m going to leave it on the floor.”Sports Related Videospowered by AdSparcRead Next ‘Rebel attack’ no cause for concern-PNP, AFP It’s looking like plenty will be needed.The Warriors are banged up, and the center who has spent most of the last 18 months in that predicament is coming back at the absolutely perfect time for the two-time defending champions. He’s gone from question-mark to game-changer, a stat-stuffer for the Warriors — who, it seems, now finally know who their starting center is the rest of the way.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsCousins played 28 minutes in Game 2 of the NBA Finals, scoring 11 points, grabbing 10 rebounds, handing out six assists and blocking two shots. With him on the floor, the Warriors outscored the Raptors by 12 points. With him on the bench, the Raptors outscored the Warriors by seven.Put simply, he changed the game. Kevin Durant out with Achilles injury; to undergo MRI on Tuesday PLAY LIST 03:12Kevin Durant out with Achilles injury; to undergo MRI on Tuesday01:43Who are Filipinos rooting for in the NBA Finals?01:08Huge Toronto crowd celebrates Raptors’ historic win02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Kei Nishikori wins 2-day five-setter, Novak Djokovic easily advances View commentslast_img read more

Much like Dalmiya, Kohli is also our hero: Kapil Dev

first_imgKolkata, Nov 14 (PTI) Indias first World Cup winning skipper Kapil Dev today compared current captain Virat Kohli with the late Jagmohan Dalmiya, terming them heroes on and off the field.”We look up to you (Kohli), you are our hero, much like Dalmiya (was off the field). You can change things and you have done this in terms of fitness which we all are proud of today.”Every captain comes out with something new and you have taken the fitness level to a new level. We, as cricketers, can say keep up the good work. You have the ability to believe in yourself, you can achieve the ultimate,” the legendary all-rounder said.Dev delivered lecture in the inaugural Jagmohan Dalmiya Annual Conclave along with Sri Lanka Cricket president Thilanga Sumathipala, and the programme was also attended by both India and Sri Lanka team members and former captain Mohammed Azharuddin.”We have two type of heroes — one is off the field and another on the field. If cricketers are enjoying today its possible because of Dalmiya, without him we would have struggled.”Terming Dalmiya the best cricket administrator in all sports in the last 50 years, Dev said: “Earlier we would ask can we get wages like Australia, England. Now all this has changed and they are now saying can we get wages like India. That has changed because of him.”A businessman known for his marketing acumen, Dalmiya was a key figure in bringing the 1987 and 1996 cricket World Cups to the sub-continent and took over as BCCI president for a second time after a gap of nearly a decade.advertisementHe passed away on September 20, 2015.Since joining the BCCI in 1979, Dalmiya played a major role in helping it to emerge as the wealthiest cricket board in the world, and Dev said the former president was quick to understand that a cricketer has a short career span of eight to 10 years.”Its important to have money on your side and Dalmiya understood that. Not everyone is Sachin Tendulkar, you only get to play 15-20 years at max and you are at your prime for eight-10 years. He ensured that you make your life in that career, that credit goes to my hero.”He wasnt the best of speakers but he was instrumental in bringing everybody together, a true leader who got things done. He was the hero of every cricketer in our country. What we are today is because of this man,” he concluded.Sumathipala remembered Dalmiyas support during the hard times when their ace spinner Muttiah Muralitharan was accused of chucking in 1995.”He was born with leadership qualities and negotiation skills by understanding and hearing all parties and settle the dispute at the best interest of everyone.”After we won the World Cup I was representing Sri Lanka at the ICC annual meeting in London where we had another issue to settle — the suspect action of Muralitharan. He helped us in addressing umpires and referees.” PTI TAP AH AHlast_img read more