first_imgAn extensive slate of documentaries will be in the limelight during the 43rd edition of the Toronto International Film Festival, with 27 feature films set to screen as part of TIFF Docs across the city.Ahead of the festival, which kicks off Sept. 6 and runs until Sept. 16, realscreen has rounded up the available trailers and clips for many of the docs, presented below in the first of two parts running this week.Today’s installment features trailers for Michael Moore‘s Fahrenheit 11/9, a radical and humorous look at America under the presidency of Donald Trump; Ron Mann‘s Carmine Street Guitars, which chronicles a week in the life of Greenwich Village guitar maker Rick Kelly and his apprentice Cindy Hulej; and Rithy Panh‘s Graves Without a Name (pictured), which explores the lasting effects of the Cambodian genocide. The trailers follow below, with synopses provided by TIFF:AnthropoceneJennifer Baichwal, Nicholas de Pencier and Edward BurtynskyCanada; World Premiere; 87 minutesJennifer Baichwal, Nicholas de Pencier, and Edward Burtynsky follow up Manufactured Landscapes and Watermark with a sobering meditation on psychedelic potash mines, expansive concrete seawalls, mammoth industrial machines, and other examples of humanity’s massive, destructive reengineering of the planet.Carmine Street GuitarsRon MannCanada; North American Premiere; 80 minutesDocumentarian Ron Mann delivers a ballad to Greenwich Village guitar-maker Rick Kelly, who builds his custom-made instruments from repurposed wood scavenged from historic New York City buildings. With appearances by store clientele, including Charlie Sexton, Bill Frissell, and Jim Jarmusch.Dead SoulsWang BingFrance, Switzerland; North American Premiere; 495 minutesWang Bing reconstructs a tragic chapter of Chinese history with this haunting eight-hour documentary on the labour “re-education” camps in the Gobi Desert, where untold numbers died of starvation under the Communist Party’s Anti-Rightist Campaign of 1957.Erased,___Ascent of the InvisibleGhassan HalwaniLebanon; North American Premiere; 76 minutesGhassan Halwani’s debut feature ruminates on the thousands who disappeared during the Lebanese Civil War and their still-present absence in the lives of their loved ones.Fahrenheit 11/9Michael MooreUSA; World Premiere; 120 minutesPalme d’Or–winning documentarian Michael Moore (Fahrenheit 9/11) turns his attention to another significant date, examining the legacy of Trump’s ascension to the U.S. presidency on November 9, 2016.FaustoAndrea BussmannCanada, Mexico; North American Premiere; 70 minutesAndrea Bussmann’s mystical debut feature offers a beautiful, cryptic take on shapeshifting, telepathy, and dealings with the devil on the Mexican seaside of Oaxaca.Free SoloE. Chai Vasarhelyi, Jimmy ChinUSA, International Premiere, 97 minutesFrom award-winning documentary filmmaker E. Chai Vasarhelyi and world-renowned photographer and mountaineer Jimmy Chin, comes Free Solo, a stunning, intimate and unflinching portrait of free soloist climber Alex Honnold, as he prepares to achieve his lifelong dream: climbing the face of the world’s most famous rock… the 3,200ft El Capitan in Yosemite National Park… without a rope.Graves Without a NameRithy PanhFrance, Cambodia; Canadian Premiere; 115 minutesIn Rithy Panh’s (The Missing Picture) latest exploration of the lasting effects of the Cambodian genocide, a 13-year-old boy who loses most of his family begins a search for their graves.HeartboundJanus Metz, Sine PlambechDenmark, Netherlands, Sweden; World Premiere; 90 minutesThis dual effort from Janus Metz (Borg vs McEnroe) and Sine Plambech (Trafficking) chronicles the lives of several women who leave their home countries in order to find husbands and provide for their families.Maria by CallasTom VolfA portrayal of an artist on a quest for perfection who became a global icon, a passionate woman with an extraordinary destiny, Maria by Callas is the story of a remarkable life told in the first person. Callas sheds light on Maria, revealing a diva as tempestuous as she is vulnerable—a moment of intimacy with a legendary figure, filled with all the emotion expressed by her unique voice.By Daniele Alcinii | Real Screen Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Facebook Login/Register With: Advertisement Twitterlast_img read more

first_img(Twitter photoe @Alegaree)By Cullen Crozier and Jorge BarreraAPTN National NewsThe Northwest Territories’ coroner released the names of the pilot and co-pilot who were killed when the Twin Otter plane they were flying  crashed into Yellowknife’s Old Town neighbourhood Thursday.The coroner identified the pilot as Trevor Jonasson, 36, and the co-pilot as 26 year old Nicole Stacey.The crash also injured seven passengers aboard and one was airlifted to Edmonton for treatment.The plane was on its way back from the Thor Lake exploration camp, which sits about 100 kilometres east of Yellowknife.The camp is run by Avalon Rare Metals and three of the passengers were employees of the company and the other four were visiting the site as guests of the company on a tour, according to the company’s CEO Don Bubar.“We are pretty upset that the pilots were killed but relieved it wasn’t worse than that,” said Bubar, whose mineral exploration and development company is headquartered in Toronto.A total of nine people were aboard the Arctic Sunwest aircraft when it crashed as it was trying to land, said Damien Healy, spokesperson for the territorial Department of Health and Social Services.The plane, which was aiming to land on Yellowknife Bay, clipped a power line and a building before crashing between two buildings. The RCMP said they received a report about the crash at about 1:15 p.m.Witnesses at the scene Friday said they saw crash investigators remove an orange box from the plane. The RCMP and investigators with the Department of Transportation are currently on the scene.The plane crashed just below a monument dedicated to bush pilots and nearly hit a building where two of the survivors of the Aug. 20 Resolute Bay, Nunavut, plane crash worked.The plane is expected to remain at the site for the rest of the week.Yellowknife residents held a candlelight vigil at the scene Thursday night.Bubar said he managed to talk to one of his employees after the crash.“I had a brief conversation with our senior staff member who was on the flight who assured me he was fine and everyone was in stable condition,” he said.Andre Dorais, a cook at Bullocks’ Bistro, which is in Old Town, said he heard a loud bang before the power went out in the restaurant.Yellowknife Mayor Gord Van Tighem said the crash would likely impact almost everyone in the tight-knit Yellowknife community.“Everybody would have known everybody that was on the plane,” said Van Tighem. “Our librarian lives in a house near there, friends of mine live on the street, I live a block away so yeah, it was close to home.”Van Tighem said people in the city were already reeling from the death of local residents who were aboard the First Air plane that crashed in Resolute Bay.“We have just gone through two weeks of memorial services,” said Van Tighem. “Everybody in town will be hit with this, one way or another.”An employee at Arctic Sunwest said Thursday the company was not commenting at the moment.Arctic Sunwest is a charter company with a head office in Yellowknife.last_img read more

first_imgVANCOUVER – Eldorado Gold Corp. (TSX:ELD) says it has received a formal notice from the Greek government initiating an arbitration hearing regarding the company’s Madem Lakkos metallurgical plant.The notice alleges a technical study for the plant is deficient and is in violation of a transfer contract and the environmental terms of the project.Eldorado said it is confident the study is “robust and consistent with the transfer contract, the business plan and the approved environmental terms of the project.”The company is embroiled in a fight with the Greek government over its gold mining operations in the country.Eldorado said earlier this week that it planned to suspend investment at its mines in Greece following what it said were delays in the issuing of permits and licenses.It received two key permits related to its operations in Greece on Wednesday, but the company said several issues remain outstanding.Eldorado chief executive George Burns said the company has sought a constructive relationship and dialogue with the Greek government.“Nevertheless, we will vigorously defend our rights and employ all legal means at our disposal,” Burns said in a statement.“We are confident in the completeness of our efforts in Greece, the rigour of our engineering and the vast potential benefit of these projects for regional and national stakeholders.”last_img read more

first_imgCALGARY – Tech sector entrepreneurs whose Canadian cities were snubbed by Amazon in its search for a second corporate campus say they are disappointed, despite fears they would have seen increased competition for scarce skilled talent.They say the American online giant’s promised contribution of $5 billion in construction and up to 50,000 high-paying jobs would have been good for their city’s economy and its technology sector in the longer term.On Thursday, Amazon said Toronto was the only non-American city to make a list of 20 finalists.“In the short term, it’s another company competing for limited talent, that jumps to mind,” said Mike Johnston, founder and CEO of REDSpace, a designer of media software systems and corporate e-learning programs in Halifax, one of 238 cities to bid for the centre.But, he added, “when a world-calibre company pays attention to this region, I think the trickle-down effects are valuable. It means more students come here to study, it means more people stay here.”Johnston said his firm has nearly 200 staff members after adding 45 new hires last year.He said he was part of a “brain drain” that left Nova Scotia for better opportunities in the United States after high school before returning in 2000 during the dot.com tech stock meltdown.Like Johnston, Benevity Inc. CEO Bryan de Lottinville said he was disappointed but not surprised that his home town of Calgary failed to win its bid for the Amazon HQ.His company, which makes software for corporate charity programs, has nearly doubled employment in the past two years to 420, but he says he’s not worried that Amazon would have stolen his staff or driven up wage levels.“You know, people don’t work for companies, they work for the employee experiences and leaders and things like that,” he said, adding that to be frightened of competition is “not how you build business, an identity and a brand.”De Lottinville said he supports economic diversification initiatives to help Alberta’s economy evolve from a dependence on oil and gas production.In Ottawa, CEO and co-founder Jason Flick of You.i TV, says Amazon would have been a disruptive force for employment, real estate and local cost inflation — but he still wished they had chosen his home town.“There would be a double-edged sword for sure,” he said. “The fight for talent would go higher. The U.S. dollar is stronger to pay more. Building space would be at a premium. But I was definitely looking forward to it.”Flick said he wasn’t worried Amazon would steal his workforce, which has grown from about 35 to 200 in three years — because “we do really cool stuff.” The company has developed a multi-screen TV and media app platform.He said another large employer could have sparked improvements like more flights at the airport.Studies suggest a big Amazon presence in the Toronto area might accelerate a brain drain from Canada to the U.S. as the brightest Canadians are promoted to U.S. headquarters, said University of Waterloo assistant economics professor Joel Blit.He added it could also drive up local costs for housing and wages.But he said the potential positive impact of Amazon as one of the anchors in a Waterloo-Toronto technology hub similar to Silicon Valley in California would still outweigh the negatives for the tech industry.“We took a big hit with BlackBerry where it is now,” he said, referring to job cuts and downsizing at the telecommunications firm over the past several years.“It’s nice that Google is here. If we had Amazon and maybe a couple of others, truly it could be a world-leading cluster that could be driving a lot of wealth for Canada.”He said potential positives include a larger labour pool, enhanced regional business relationships and the opportunity for informal shared knowledge between companies.Follow @HealingSlowly on Twitter.last_img read more

first_imgRICHMOND, B.C. – Employers in British Columbia have been warned they need to develop plans to keep their workers safe from avalanches.WorkSafeBC, the provincial occupational health and safety authority, tells employers in a news release that workers in the backcountry, including self-employed workers, face a potential risk of serious injury in what is an active avalanche season.WorkSafe’s regulations require all employers to ensure safe workplaces by reducing exposure to avalanche risks, and developing an appropriate safety plan if there’s the chance of a slide.Patrick Davie, WorkSafeBC manager of prevention field services, says employees in the oil and gas, forestry, pipeline construction, highway maintenance and mining industries are at the greatest risk.Worksafe says it expects employers with operations within avalanche terrain to increase their awareness of the risks, step up prevention efforts and collaborate with WorkSafe to ensure compliance with guidelines and regulations.Davie says B.C. is full of rugged terrain and working in it without proper precautions can be deadly.“Employers in these situations are required under the occupational health and safety regulation to ensure a well-rehearsed safety plan is in place and well understood by all workers,” Davie says.Since 1998 in B.C., avalanches have caused the deaths of three workers and 52 time-loss injury claims, including two injury claims in 2017, the release says.“While ski hills and winter lodges have also seen avalanche related injuries, primary-resource industries see the next highest amount,” it says.last_img read more

first_imgHONOLULU — The U.S. military’s land-based Aegis missile defence system has intercepted an intermediate range ballistic missile in a test near Hawaii.The Missile Defence Agency said Monday’s test showed an interceptor missile the military is developing with Japan is ready to be manufactured.Defence contractor Raytheon says the Standard Missile-3 Block IIA interceptor has larger rocket motors that will allow it to defend broader areas.An Air Force C-17 launched the target missile. The Navy tracked it and launched an interceptor missile from Kauai.The U.S. first developed the Aegis ballistic missile defence system for ships and then adapted it for land.The U.S. has an Aegis Ashore site in Romania and is developing another in Poland.Japanese navy ships have the Aegis system and Japan is installing Aegis Ashore.The Associated Presslast_img read more

first_imgFORT ST. JOHN, B.C. – The family and friends of Jonathan Bruce will be marching in the Canada Day parade for the third straight year on Sunday to raise awareness of their cause.Bruce’s body was found at the Fort St. John motocross track on November 24th, 2013. He was 16 years old. Police say that he and another person were riding an ATV at the track the night before he was found deceased, and that his wallet, iPod, and a multi-coloured Burton jacket were not present.Though it’s been four and a half years since his death, his friends and family say they still hope that whoever is responsible for his death is uncovered. Madison Loucks, who is married to Bruce’s twin brother Nicholas, says that the organization Justice for Jonathan will be participating in the Fort St. John Canada Day parade for the third straight year this Sunday. Loucks explained that while Bruce’s siblings and many of his friends are now in adulthood attending post-secondary school or having kids of their own, they still keep his memory alive. She said that by raising awareness of the case, the group hopes that anyone with any information about Bruce’s death or the whereabouts of his missing belongings will come forward.The RCMP say that anyone with information about the case can call their local police, or Crime Stoppers at 1 (800) 222-8477 (TIPS).last_img read more

first_imgDonations can be made from now until April 23, 2019 at Braun’s Flooring, located on 96 Avenue in Fort St. John.For more information, you can call the Pregnancy Care Centre at 250-787-5584. FORT ST. JOHN, B.C. – The North Peace Pregnancy Care Centre is holding their Easter Giving Tree event.The Easter Giving Tree is an opportunity for individuals, families, businesses and more to give back this Easter.According to the Pregnancy Care Centre, all proceeds will go towards helping those facing unplanned pregnancy in the community.last_img

first_img“A normal child doesn’t travel across the country, killing people. A child in some very serious pain does,” Schmegelsky told CTV News on Wednesday.Bryers father even believes if he is caught, he will go out in a blaze of glory. “He wants his hurt to end. They’re going to go out in a blaze of glory. Trust me on this. That’s what they’re going to do.”19-year-old Kam McLeod and 18-year-old Bryer Schmegelsky are suspects in the deaths of three people in Northern B.C.Manitoba RCMP confirmed Tuesday that the vehicle the two were driving was found burnt near the community of Gillam. The search for the suspects is still underway, and there is now a significant police presence in the Northern Manitoba community. MILL BAY, B.C. – CTV News is reporting that Bryer Schmegelsky father believes he is now on a suicide mission.Alan Schmegelsk, told CTV News, “He’s on a suicide mission. He wants his pain to end,” he said, breaking down into tears. “Basically, he’s going to be dead today or tomorrow. I know that. Rest in peace, Bryer. I love you. I’m so sorry all this had to happen.”Bryers father went onto say he had a troubled upbringing and struggled through his parent’s divorce in 2005.  The following video is from the Canadian Press.last_img read more

first_imgNew Delhi: With unhealthy lifestyle contributing to multiple diseases, the kidney ailment has emerged as one of the major health complications. Apart from the different factors, diabetes has emerged as a major cause of the Kidney disease plaguing a major chunk, however, Delhi itself witness around rise in cases of Chronic Kidney Diseases (CKD) with 10 to 15 per cent of adults in the city.According to doctors, Diabetes injures the small blood vessels in the body which prevents the kidneys from purifying the blood properly. Many people with diabetes also develop high blood pressure, which is also a leading cause of renal damage. The patients with such problems may also find difficulty in emptying the bladder. The pressure resulting from this condition can injure the kidneys. Also, if urine remains in bladder for a long time, it causes infection due to the rapid growth of bacteria present in urine that has a high sugar level. Also Read – Bangla Sahib Gurudwara bans use of all types of plastic items”Some of the leading factors causing kidney diseases include diabetes, excessive use of painkillers and ayurvedic drugs, homemade remedies, urine infections and high blood pressure. People should also take care of their diet and avoid over use of non-vegetarian food, protein shakes and fast food items which have high sodium content,” said Dr Ravi Bansal Senior Consultant Nephrology, at private hospital. According to National Health Mission, one in ten people are affected by kidney ailment. Doctors also say the metabolic imbalance is also responsible for high levels of salts and minerals in the urine which later crystallizesand leads to kidney stones and kidney damage. Also Read – After eight years, businessman arrested for kidnap & murderMeanwhile, doctors have also urged the government to take a strict stand on over the counter sale of pain killers. Dr Bansal further added, “The government should take a stand on over the counter sale of pain killers if it is concerned about the people’s health or there should be measures that pain killers are sold only through prescription.” Most kidney patients with diabetes do not have any symptoms. So if you are a diabetic then you must get a health checkup to determine the health of your kidneys. Presence of high blood pressure in less than 40 year age and swelling of legs are early signs of kidney disease. Simple tests like urine routine and serum creatinine are enough to detect presence of kidney disease in most people. Kidney damage from diabetes can get worse over time. However, one can take steps to slow the damageprocess. Kidney failure occurs when the organs functioning drops to less than 15 percent of the normal.last_img read more

first_imgLucknow: A day after BJP leaders prefixed ‘Chowkidar’ (watchman) to their Twitter handles, BSP leader Mayawati on Tuesday hit out at Prime Minister Narendra Modi, saying he has changed his profile from ‘Chaiwala’ to ‘Chowkidar’ only to get votes in the Lok Sabha elections. “Ignoring the philosophy of simple living and high thinking, a man (Modi) who lives a regal life had advertised himself as ‘Chaiwala’ in the last Lok Sabha elections. “The same person has pronounced himself a ‘Chowkidar’ with great pomp and show in these elections only to seek votes. My country is actually changing?” Mayawati tweeted. Also Read – Uddhav bats for ‘Sena CM’ The Bahujan Samaj Party (BSP) leader mentioned that the change occured only after the Bharatiya Janata Party (BJP) launched the “Main Bhi Chowkidar” campaign. Ahead of the Lok Sabha polls, Modi last week tweeted a video with the hashtag ‘#MainBhiChowkidar’ (I am also a watchman) and changed his Twitter handle to Chowkidar Narendra Modi. The Prime Minister also called all those fighting corruption and social evils ‘watchmen’ and asked them to participate in the campaign for a better India.last_img read more

first_imgNew Delhi: WhatsApp on Tuesday launched a service in India where over 200 million users in the country can tip off fake news, misinformation and rumours related to elections. Launched by PROTO, a media skilling start-up, the tipline will help create a database of rumours to study misinformation during elections for Checkpoint — a research project commissioned by WhatsApp, the Facebook-owned company said in a statement. People in India can submit misinformation or rumours to the “Checkpoint Tipline on WhatsApp” at +91-9643-000-888. Also Read – India gets first tranche of Swiss bank a/c details Dig Deeper Media and Meedan, who have previously worked on misinformation-related projects around the world, are helping PROTO to develop the verification and research frameworks for India. “The goal of this project is to study the misinformation phenomenon at scale — natively in WhatsApp,” said PROTO’s founders Ritvvij Parrikh and Nasr ul Hadi. When a WhatsApp user shares a suspicious message with the tipline, PROTO’s verification centre will seek to respond and inform the user if the claim made in the message shared is verified or not. Also Read – Tourists to be allowed in J&K from Thursday The response will indicate if information is classified as true, false, misleading, disputed or out of scope and include any other related information that is available. “The centre can review rumours in the form of pictures, video links or text and will cover four regional languages including Hindi, Telugu, Bengali and Malayalam, other than English,” said WhatsApp. Following the project, PROTO aims to submit learnings to the International Center for Journalists to help other organisations learn from the design and operations of this project. “The research from this initiative will help create a global benchmark for those wishing to tackle misinformation in their own markets,” said Fergus Bell, Founder and CEO, Dig Deeper Media.last_img read more

first_imgMumbai: India have more or less a settled squad for the World Cup barring one slot and vice-captain Rohit Sharma feels skipper Virat Kohli’s preference would matter a lot while sorting out that position. Rohit, who is a certainty in the World Cup squad as an opener, also said that the specific spot that needs to be filled would be dictated by conditions that are likely to prevail in England during the World Cup, commencing May 30. “I know how it works with the captain. The preference of the captain is very important in terms of that extra player he wants in the squad. I think Virat and (Indian team’s head coach) Ravi shastri have to decide what exactly the combination that they want or what extra player or where is that extra cushion they are looking for. That is something that will matter the most,” Rohit said at the launch of a website. Also Read – Puducherry on top after 8-wkt win over Chandigarh”I think we are pretty much settled. A few spots are there which everyone knows about. It all depends on what captain, coach and selectors think about the combination, whether we need to go with an extra middle order batsman, extra opener, extra seamer or spinner. Conditions in England will matter a lot.” Rohit also said that the team management will have to play a gamble in picking up that extra player. “Last summer when we were there the conditions were really dry. But we don’t know whether it will be the same (during the World Cup). If it is (the same) we need an extra spinner there – it’s as simple as that,” he said. Also Read – Vijender’s next fight on Nov 22, opponent to be announced later”If it’s not, probably we will need an extra seamer there. I also understand we would not know what the weather conditions will be (but) we have to select the team in the next few days or weeks, actually.” Rohit also believes that for World Cup selection, the players should be judged on the basis of ‘performance and form’ in the last four years and not on how they perform during the IPL. World Cup will begin days after conclusion of IPL on May 12. The national selectors are keeping a close eye on the IPL for picking the 15-member Indian squad for the mega-event. “With their inputs, the selectors will keep an eye on what is happening with those guys in IPL although I feel IPL should not be the criteria for team selection,” he added. “They have played enough international matches to see where each individual stands. You can’t select a team for the 50-over format from a 20-over event, it’s my personal opinion. IPL is a different ball game. It’s franchise cricket and yes, form matters a lot. “In the last four years we have played enough One Day International matches, enough T20 cricket. That should be enough for guys to understand these are the players that we want,” he added. However, the Mumbai Indians skipper also acknowledged that IPL has helped him in his preparations for the upcoming mega event. “Every time we play IPL, there is some big event right after happening – a big Test series or big one-day series. It does help also. 35-plus or 40 guys will probably need some rest. “I was talking to Jasprit (Bumrah) the other day. He needs to play a lot of matches and bowl a lot to be match fit than be at home. I also, as a batter, need to play,” Rohit said.last_img read more

first_imgNEW DELHI: A day after the BJP released its manifesto for the upcoming Lok Sabha polls, the Aam Aadmi Party (AAP) on Tuesday slammed the saffron party for not offering any relief to the traders. Speaking to the media, AAP’s New Delhi Lok Sabha candidate Brijesh Goyal said the Bharatiya Janata Party, which “harassed the traders of Delhi through sealing has also not mentioned any relief from the sealing”. Goyal, who is also the convenor of the AAP’s trade and industry wing in Delhi, said that traders across the country and particularly in the national capital have suffered a lot in the last five years because of the BJP and its policies. Also Read – After eight years, businessman arrested for kidnap & murder”The traders of Delhi are very unhappy with BJP and its manifesto. The traders will appeal to the people that they should not vote for the BJP. Through demonetisation, GST and sealing the BJP has destroyed trade in Delhi. In their manifesto, there was no mention how the traders will get any relief,” he added. The AAP leader said, “During the last five years of Modi government if there is one section of the society that has been completely ruined, it is the traders. Demonetisation led to the closure of thousands of factories in Delhi and the destruction of the MSME (Micro Small and Medium Enterprises) sector.” Also Read – Two brothers held for snatchingsBrajesh Goyal said the closure of factories and MSME establishments left lakhs of workers unemployed in Delhi. “When cash flow was obstructed for months together, a cash-dominated economy like that of India was paralysed due to demonetization, which led to mayhem among traders and workers,” the AAP leader said. While the traders were still reeling under the adverse impacts of demonetization, the Modi government dealt the next blow with the hasty implementation of GST without any proper preparation. “Even a year and a half after the GST implementation, some of its aspects whether it be revised returns, tax rates or SSL forms, E-way bills – these are such issues which are tormenting and bothering traders even today,” Goyal said. The national capital will go to the polls on May 12.last_img read more

first_imgNew Delhi: The Central Bureau of Investigation has registered a ninth FIR in connection with the Parekh Aluminex bank fraud cases, where the company is alleged to have defrauded multiple banks and financial institutions to the tune of Rs 1,446 crore, officials here said on Thursday.It has been alleged that Mumbai-based Parekh Aluminex Ltd (PAL), an aluminium manufacturer, took out loans from nine banks and several financial institutions between 2004 and 2012 by providing false financial data and fabricating net sales in their balance sheets. Also Read – Uddhav bats for ‘Sena CM’The country’s premier investigative agency said the net sales shown in the balance sheets were created by “round-tripping loan proceeds through shell companies floated by the Director of the company and his associates, including relatives and friends.” CBI has named the company’s chairman and managing director Amitabh Arun Parekh alongside his company in all of the nine FIRs, with the first one being registered in May 2017 and the latest one being filed on March 20 this year. This is despite the fact, that CMD Parekh passed away in 2013. Also Read – Farooq demands unconditional release of all detainees in J&KSpeaking to the Millennium Post, officials said that even after his passing, Parekh remained his company’s CMD on paper and given his death, the next director in line will be held responsible for the crimes committed by the company at large. Adding to the bank fraud charges, the agency said that Rs 468 crore of the loan proceeds were diverted to Kamlesh Kanungo’s Kanungo Group of Companies, a major real estate developer in Mumbai, under the pretext of receiving machinery and raw materials from them. Official sources said in addition to this, Kirti Kedia Group and JK Shah Group in Mumbai also received loan proceeds of Rs 513 crore and Rs 110 crore respectively, from shell companies floated by directors of PAL. Based on the first FIR registered in the case, CBI conducted searches at six official and residential premises related to Kanungo, Kirti Kedia, and JK Shah Groups in and around Mumbai, from where several documents and hard disk pertaining to the case were recovered. The searches ended on Wednesday, agency sleuths said. The CBI alleged that a sizeable amount of the proceeds diverted to the three groups were used in further real estate and other business investments. Some of the banks that were defrauded include Indian Overseas Bank, Corporation Bank, and Bank of Baroda. Officials said the fraud was discovered when these banks started reporting PAL’s loan defaults after declaring their accounts as Non-Performing Assets.last_img read more

first_img1(52 Words) Download Download PrintPrint 4/16/2019 7:05:00 PM New Delhi, Apr 16 (PTI) Rohit Shekhar Tiwari, son of late Uttarakhand Chief Minister N D Tiwari, was brought dead at a private hospital in south Delhi, sources said on Tuesday. DCP (South) Vijay Kumar said Tiwari was brought to the Max Hospital where doctors declared him dead. Further details are awaited.last_img