POLICE LOG for July 24 Tractor Trailer Involved In Hit Run Billerica

first_imgWILMINGTON, MA — Here are highlights of the Wilmington Police Log for Wednesday, July 24, 2019:A Lowell Street resident was concerned about the well-being of a bird in their yard. Animal Control Office responded and retrieved bird. (8:36am)A caller reported a tractor trailer unit rear-ended his vehicle and pushed it 30 feet before continuing north on Ballardvale Street. Caller refused ambulance for himself and passenger. No airbag deployment. Police located tractor trailer unit and operator at Interra Innovation on Junction Road in Andover. Police filled out crash report and assisted with paperwork exchange. (9:30am)A 2-vehicle crash occurred on Lowell Street at 93 North ramp. One driver transported to hospital with back pain. (1:30pm)A caller wished the police log that at some time in February, he was verbally assaulted by an RMV employee. Caller had minimal information. Caller will come to station tomorrow to provide additional information. (2:07pm)Shelton J. Oliver (61, Billerica) was issued a summons for Operating A Motor Vehicle With A Suspended License and Motor Vehicle Not Meeting RMV Safety Standards. Oliver was pulled over on Shawsheen Avenue. (5:18pm)(DISCLAIMER: This information is public information.  An arrest does not constitute a conviction.  Any arrested person is innocent until proven guilty.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedPOLICE LOG for August 26: Wilmington Man Arrested For OUI; Tractor Trailer Takes Out Wall, Signs & HydrantIn “Police Log”POLICE LOG for September 5: Train Conductor Helps Locate Missing Puppy; Rented Trucks Not Returned To UHaulIn “Police Log”POLICE LOG for July 12: 2 Juveniles Laying On Train Tracks; Motorcycle Crash; Tractor Trailer vs. PoleIn “Police Log”last_img read more

Grant Thornton audit report on ILFS finds rampant irregularities of Rs 13000

first_imgThe IL&FS group is facing serious liquidity crisis and has defaulted on interest payments on various debt repayments since 27 August.ReutersThe audit report by Grant Thornton India on debt-ridden infrastructure financier, Infrastructure Leasing & Financial Services (IL&FS), has highlighted severe irregularities such as conflicts of interest, inadequate risk assessment and deviation from banking norms. As per the interim audit report submitted to the board of the beleaguered IL&FS, transactions of more than Rs 13,000 crore could be directly linked to rampant irregularities.The report underlined that in at least 29 instances, loan proceeds to borrowers was eventually utilised by the group companies to repay existing debt obligations with IL&FS Financial Services Limited (IFIN).In the financial year 2016, SKIL Infrastructure’s Gujarat-Dwarka Portwest Ltd took a loan of Rs 253 crore and during the same period, SKIL Infrastructure repaid Rs 230 crore to IFIN. Similarly, between 2017 and 2019, Rs 365 crore was disbursed by IFIN to Flemingo Group at the same time, its group companies repaid Rs 407 crore to IFIN. Uday Kotak, newly appointed Non-Executive Chairman of Infrastructure Leasing and Financial Services Ltd. (IL&FS) addresses a news conference at the company’s headquarters in Mumbai, October 4, 2018.REUTERS/Danish SiddiquiMoreover, in the last fiscal, India Cements’ Chennai Super Kings Ltd borrowed Rs 65 crore from IFIN and, at the same time EWS Finance & Investment Pvt Ltd paid Rs 40 crore to IFIN, the report said. The draft report scrutinized all high-value transactions carried out by IL&FS Limited and few of its group companies for the period between April 1, 2013, and September 30, 2018.Over Rs. 6,000 crore is linked to the transaction at IL&FS Financial Service Ltd (IFIN) that violated banking governance norms laid by the Reserve bank of India (RBI). Around Rs 2,270 crore, proceeds to borrowers of IFIN was utilised by certain IL&FS group companies out of which Rs 1,150 crore was injected into IL&FS Transportation Network Ltd (ITNL). Notably, the crisis broke out in July 2018 when the road arms started facing difficulty in making repayments due on its bonds.The audit report showed that there were many instances where funds worth Rs. 541 crore were taken for short-term purposes and utilised for long-term purposes. “We reviewed the Asset Liability Management Committee (ALCO) minutes and noted the details of funding gaps (i.e. funds not available for estimated committed disbursement). Based on the details, it appears that since May 2013, IFIN was under stress to borrow funds in order to fulfil the commitment of loans already sanctioned,” the report mentioned.last_img read more

Abe on course for landslide win in Japan vote

first_imgJapan`s Prime Minister and ruling Liberal Democratic Party (LDP) president Shinzo Abe (R) raises the hand of LDP candidate Tatsunori Ibayashi during an election campaign in Yaizu, Shizuoka prefecture. Photo: AFPPrime minister Shinzo Abe is on track for a landslide win in Japan’s upcoming election, the latest survey suggested Monday, as a new party founded by Tokyo’s popular governor loses momentum.Abe’s conservative Liberal Democratic Party (LDP) is projected to win as many as 303 of the 465 seats up for grabs in the October 22 election, according to a poll by the Mainichi Shimbun.Its junior coalition partner Komeito is expected to gain more than 30 seats, allowing Abe’s ruling camp to have a comfortable two-thirds majority in the powerful lower house, the poll suggested.A two-thirds majority in parliament would allow Abe, 63, to push through an amendment to Japan’s pacifist constitution.The hawkish premier has called for changes to the US-imposed law so Japan can turn its self-defence forces into a full-fledged army.Support for Tokyo Governor Yuriko Koike’s newly founded Party of Hope, which has transformed Japan’s political landscape and swallowed up the main opposition Democratic Party, appears to be declining, with surveys predicting it might win up to 54 seats.After an initial burst of support for the media-savvy Koike, critics say the Tokyo governor has suffered by not running herself in the election, meaning voters for her party are not sure who they are electing as PM.”Expectations were high but the Party of Hope has nothing but Koike’s popularity,” said Koji Nakakita, professor of politics at Hitotsubashi University in Tokyo.”Support for Abe’s cabinet is not so high but voters have no choice but to vote for Abe’s LDP,” Nakakita told AFP, with the opposition parties facing “confusion and divisions.”The 12-day election campaign has focused on reviving Japan’s once world-beating economy and tackling the ever-present threat of North Korea which has threatened to “sink” the country into the sea.”This is an election to question how we can protect our people’s lives and good living from North Korea’s threats,” Abe said at a campaign rally in the northern city of Hokkaido on Sunday.Abe is seeking a fresh term at the helm of the Asian economic powerhouse and key US ally and unexpectedly called a snap election to capitalise on a weak and fractured opposition.But Koike, 65, stole his limelight by launching her party, attacking Abe’s government for being too slow to reform the country, weighed down by an ageing population, deflation and a huge debt mountain.Critics say Abe called the early election to divert attention from a string of scandals, including allegations of favouritism to a friend in a business deal — which the premier strongly denies.The Mainichi poll was conducted on Friday, Saturday and Sunday across the nation, with more than 73,000 eligible voters questioned by phone.last_img

Kim ends China visit as Trump summit looms

first_imgA limousine in the motorcade believed to be carrying North Korean leader Kim Jong Un travels to an entrance to Beijing Railway Station in Beijing, China on 9 January 2019. Photo: ReutersKim Jong Un’s train left Beijing on Wednesday after the North Korean leader visited his key ally on a trip seen as a strategy session ahead of his expected summit with Donald Trump.Kim arrived in Beijing on Tuesday for his fourth visit to Pyongyang’s sole major diplomatic friend, meeting president Xi Jinping and reportedly visiting a factory.The North Korean leader’s motorcade was spotted entering the Beijing central railway station on Wednesday afternoon, and the train departed shortly after on a day-long ride back to the northeast border, according to AFP journalists.The unannounced trip was largely shrouded in secrecy. Beyond confirming his presence in Beijing, no details have been provided by either North Korea or China on his schedule, with no coverage in state media even in the nightly news broadcast hours after the train’s departure.Kim met for one hour with Chinese president Xi Jinping on Tuesday — believed to be the North Korean leader’s birthday — and the two later dined with their wives at Beijing’s Great Hall of the People, according to South Korea’s Yonhap news agency.”Chairman Kim Jong Un’s visit to China was at the invitation of president Xi Jinping, of course president Xi would hold meetings and talks with him,” Chinese foreign ministry spokesman Lu Kang said at a regular press briefing, adding that more details would be released later.Tuesday’s meeting focused on Kim’s expected meeting with Trump, according to Yonhap.In a New Year speech, Kim warned that Pyongyang may change its approach to nuclear talks if Washington persists with sanctions.Relations between China and North Korea had deteriorated in recent years over Pyongyang’s nuclear activities, but Kim has made sure to keep Xi informed about his dealings with the United States and South Korea as ties appear to have warmed.”In order to resist the high pressure of the US, he must communicate with Xi in advance to see what steps he can take to deal with Trump,” Beijing-based independent political commentator Hua Po told AFP.”Kim needs the support of Xi so as to ask the US to make substantial steps, such as providing assistance to North Korea and normalising relations with North Korea.”Kim chose China for his maiden official trip abroad last year before holding meetings with South Korean president Moon Jae-in and Trump.The American leader said Sunday that the United States and North Korea are negotiating the location of their next summit.Discussions between the US and North Korea over Pyongyang’s nuclear arsenal have stalled since Kim and Trump’s high-profile summit in Singapore in June where they issued a vaguely worded declaration about denuclearisation.The US insists that UN sanctions must remain in place until North Korea gives up its weapons, while Pyongyang wants them immediately eased. China also wants the sanctions to be relaxed.’Turning point’But Chinese officials also likely want to impress on Kim — who has so far pursued only limited reforms to his statist economy — the benefits the giant Communist country has enjoyed in its transformation from impoverished nation to economic powerhouse.Yonhap, citing unidentified sources, reported that Kim toured a factory operated by medicine firm Tongrentang for about half an hour in an economic zone in the Chinese capital.He then went to the Beijing Hotel, where he was expected to have lunch with Xi before his departure.”For North Korea itself, 2019 is his strategic turning point. If he wants to shift his focus to the development of the economy, he needs China’s cooperation,” said Lu Chao, a North Korea expert at China’s Liaoning Academy of Social Sciences.In the New Year speech, Kim focused on North Korea’s moribund economy, saying that improving people’s lives was his top priority and tackling energy shortages was an urgent task.Beijing-based analyst Hua said changes in the economic model will affect politics, “which poses new challenges to his control over the country.””For this point, he must ask for advice from China.”The visit coincided with negotiations between US and Chinese officials in Beijing to resolve a bruising trade war between the world’s two biggest economies.Some analysts say China could use its cooperation on the North Korean issue as a bargaining chip in the US trade talks.But Hua said Kim’s visit would have a “limited” effect on the trade negotiations.”The Sino-US trade negotiations are a matter between China and the US,” he said. “The weight of North Korea is limited and cannot play a decisive role.”last_img read more

Five things to know about WikiLeaks

first_imgIn this file photo taken on May 19, 2017 Wikileaks founder Julian Assange speaks from a balcony at the Embassy of Ecuador in London. British police have arrested WikiLeaks founder Julian Assange at Ecuador`s embassy in London after his asylum was withdrawn, the police said in a statement on April 11, 2019. AFPWikiLeaks has been making headlines for more than a decade by releasing millions of classified documents, embarrassing governments while also raising fears that its activities may have put lives in danger.Controversy also swirls around its founder Julian Assange, who was arrested on Thursday after being holed up in the Ecuadoran embassy in London for nearly seven years.Here are five things to know about WikiLeaks.- 10 million leaks -WikiLeaks was founded in 2006 by Australian-born Assange, who said it would use encryption and a censorship-proof website to publish secret information and protect sources.It first caught the world’s attention in 2007 with the release of manuals for US prison guards at Guantanamo Bay.But it really hit its stride in 2010 when it worked with The New York Times, The Guardian, Der Spiegel, Le Monde and El Pais to publish millions of classified diplomatic cables.It has published more than 10 million leaked documents and associated analyses, to the dismay of politicians, governments and corporations.- Controversy strikes -In its early days, WikiLeaks worked with dissidents worldwide to expose government secrets from the United States to Europe, China, Africa and the Middle East.But over time it has increasingly set its sights on the US. Assange has denied claims that it might be working with Russia.WikiLeaks raised a storm in July 2016 by releasing emails showing US Democratic Party officials favouring Hillary Clinton over left-winger Bernie Sanders in the presidential primary elections, forcing high-ranking party members to resign.WikiLeaks was also accused of revealing the identity of a gay man in ultra-conservative Saudi Arabia. Again, the group denied the accusation.- Arrest warrant -The worst scandals to affect WikiLeaks have been those involving Assange.Hailed as a hero by supporters and reviled as a manipulator by critics, the white-haired Australian was holed up in the Ecuadoran embassy in London since 2012, when he was facing rape allegations in Sweden.Swedish prosecutors dropped their investigation in 2017 but Assange remained in the embassy, fearing the US would extradite him for revealing state secrets.- Snowden and Manning -The mass exposure in 2010 of US diplomatic cables, which embarrassed governments worldwide, would not have been possible had it not been for US soldier Chelsea Manning, who handed WikiLeaks 700,000 classified documents.She was given a 35-year prison sentence in 2013 and served more than three years before being freed in 2017.In March 2019 she was jailed again for refusing to testify in a grand jury investigation targeting WikiLeaks.Former US intelligence contractor Edward Snowden has also received WikiLeaks’s backing, though he did not use the group’s site to publish his leaks about the National Security Agency.Assange recommended he quickly flee to Moscow to evade prosecution in the US — advice he heeded.- In the movies -Two major films have been made about WikiLeaks — “The Fifth Estate” (2013) and “Risk”, a documentary that was screened at the Cannes film festival in 2016.Assange meanwhile guest-starred as himself in an episode of “The Simpsons” in 2012, recording his lines over the phone from the Ecuadoran embassy.last_img

How Tech Is Becoming an Integral Player in Energy Solutions

first_img 4 min read Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global July 11, 2016 Opinions expressed by Entrepreneur contributors are their own. Growing a business sometimes requires thinking outside the box. Most people don’t realize that simply firing up their laptop, desktop, tablet or mobile device contributes to massive use of energy. When we think of energy, it tends to be in very broad-based terms: electric companies, oil refineries and green energy solutions. Technology companies, however, are playing a growing role in the energy sector.Opportunity awaits.It seems as though we’ve recently hit a wall in finding solutions for a greener world. We’ve harnessed wind power, converted solar rays and mass-produced electric cars. In the past few years, organizations have sprung up to help advance the greening efforts. But with fierce competition for capital, the kind of green that spends often is in short supply for sustainable causes. In contrast, the tech space is constantly innovating and appears to have no shortage of funders on the horizon.Related: 5 Exploding Niches Within TechAs companies realize the vast energy needed to operate cloud-based platforms and other emerging technologies, they understand they must do more than switch to smart bulbs and mobile-controlled thermostats. At the same time, energy companies are starting to see the need for updated technology. During the past three years, technology has skyrocketed in the energy sector. That’s particularly true for data collection services such as locating and extracting real-time information.New technologies allow oil and gas companies to monitor their equipment from start to finish. This gives them opportunity to streamline the refining process and produce more at a lower cost. The problem lies in maintaining profit upstream while lowering prices for consumers downstream. The tech industry isn’t quite ready to provide these solutions. Budgets of more than $20 million upward are projected to fund analytical programming capable of tracking all this streamlined data. In other words, huge business opportunities exist for tech companies who can take advantage of the increasing cloud-based need to run the energy sector more efficiently.Skepticism still exists.It remains to be seen whether the tech industry can build solutions that are appealing enough to be acceptable for major players in the energy industry. There’s plenty of skepticism about allowing technology to do the job of consulting. And there’s at least one self-fulfilling reason why: Data drawn from technology is consistently more simplified than data gathered by consultants. Related: How Analytics and Data Can Undermine LeadersMany energy companies make the issue even more convoluted. Leaders as Opportune LLP confirm that “energy firms have been widely reported as delaying or cancelling many billions of dollars in capital project additions. Technology consulting firms are vital to improving the capabilities of current working assets to optimize output until additional units can be put in service.” No one wants to reinvent the wheel — or the microprocessor chip. But it wouldn’t hurt to make the ride a little smoother. In the very near future, companies will need to adapt if they wish to reduce production costs and achieve greater efficiencies.Technology is just part of the solution.While data processing will continue to become more tech-savvy, we’ll still need analysts to sort through the data and provide context. Technology merely makes it easier for those analysts and consultants to find solutions that don’t require customers to pay higher prices. Energy leaders who loosen the reigns a bit will discover real excitement. After all, these very changes will allow their companies to perform at extremely high levels while enjoying lower costs.Visionaries who helm the largest energy companies stand to face the most resistance to new business models. The conventional wisdom has been to supplement upstream costs with downstream cash from end-users. But as oil prices drop for consumers, energy companies haven’t done much to change how they acquire it, or the expenses they incur. Energy companies already use technology to find stable wells below the surface. But they’re only starting to apply technology’s power to the analytical process and inform their consulting efforts. But there’s no denying technology is poised to become a huge player in the energy marketplace. And once analytical tech is implemented, energy companies will really start to fire on all cylinders. Related: This is Why You Should Become Green Energy Entrepreneurs Register Now »last_img read more