‘Rolex Gang’ cornered a man in the basement parking of an office block and demanded his Rolex watch.

It's understood a gang of robbers cornered a man in the basement parking of an office block and demanded his Rolex watch.A security guard has been shot and wounded during a robbery in Illovo in northern Johannesburg.The security guard was shot when he went to investigate after hearing the commotion. The gang managed to escape because the exit boom gate isn’t working.It’s understood the men dubbed the ‘Rolex Gang’ are responsible for the robbery.A few weeks ago a medical aid company CEO was targetted - his Rolex watch was also sto...

Read more »

Etisalat payroll manager has been accused of embezzling Dh27m (US$7.4m) from the company over more than two years.

Etisalat payroll manager has been accused of embezzling Dh27m (US$7.4m) from the company over more than two years.The telecommunications firm yesterday confirmed it was investigating the case and Dubai Police said they were awaiting the results of that internal inquiry before making arrests. It was not known whether more than one person was thought to be involved.The woman, identified only as FM, was in charge of the payroll at one of Etisalat’s branches and is believed by the company to have orchestrated the transfer of money to several local bank accounts. Etisalat and the police were alerted to the transfers by the banks, who noticed that, besides her salary, large amounts of money were being deposited. On occasions the amounts were more than Dh2m, although in other instances only a few...

Read more »

Arabic portal for Amazon

Amazon.com, the world’s largest online retailer, has signed an agreement with the Saudi-based e-commerce service provider Taufeer.com to sell its products to customers throughout the Middle East. The two companies are aiming to create an Arabic portal for Amazon, while consequently alleviating some of the difficulties involved in the overseas shipping process.Amazon will become available through Taufeer’s e-Channel service, which was launched last month and is designed to give retailers a fast and easy entry into online retailing without significant investment. Taufeer.com, part of Taufeer Information Systems, also provides a shopping comparison service.Hamdan al Marshudi, an online business consultant and the founder of several Dubai-based e-retail websites, including EllaMart.com, said the...

Read more »

Enron Corp. shareholders and investors will split more than $7.2 billion from financial institutions accused of participating in the fraud

Enron founder Kenneth Lay and Skilling were convicted in 2006 for their roles in the company's collapse. Lay's convictions for conspiracy, fraud and other charges were wiped out after he died of heart disease in 2006.Enron Corp. shareholders and investors will split more than $7.2 billion from financial institutions accused of participating in the fraud that caused the once-mighty energy giant to collapse.The settlement plan, approved late Monday by U.S. District Judge Melinda Harmon, includes $688 million plus interest in attorneys fees.The $7.2 billion and the attorneys fees are the largest ever in a securities fraud case."We're pleased that the Court recognizes the tremendous amount of work, skill and determination required to overcome significant obstacles in this complicated case," said...

Read more »

Arouscha McConnell was about to board a flight to London when her luggage was checked and 17 bottles with Stone's ginger wine labels were found

Arouscha McConnell was about to board a flight to London when her luggage was checked and 17 bottles with Stone's ginger wine labels were found in her possession. Eight of the 17 bottles contained the white substance. When the Resident Magistrate asked what was the purpose of her three-week visit, she replied: "I am staying with my family in St Thomas, your honour, and I don't remember the name of the community or the street where I am staying. However, I gave the officer the telephone numbers for my relatives." The court was told that McConnell was staying in Tivoli Gardens, West Kingston. The matter was put off until September 17 and McConnell was remand...

Read more »

Governor, mayor and two other officials suspected in a cocaine-smuggling scheme in Guinea

Authorities inare questioning a provincial governor, mayor and two other officials suspected in a cocaine-smuggling scheme in the West African country, officials said Saturday.The four suspects _ including a regional security director and a military commander _ were arrested Thursday after a cocaine-loaded Cessna plane landed in the bauxite mining town of Boke, about 100 miles (170 kilometers) northwest of the capital, Conakry.The four officials from Boke province are suspected of involvement in drug trafficking at MP3, a military prison controlled by the country's presidential guard in Conakry, Security Minister Mohamed Damba said.«We want to verify the degree of their culpability in the case of the landing at night of a Cessna airplane at the Boke airport which had drugs onboard,» Damba...

Read more »

The gangs typical work at night, targeting apartment blocks where clusters of dozens of motorbike are parked.

Gangs of youths are stealing unprecedented numbers of motorbikes and cars from locals and visitors alike. One such gang of bike thieves was recently caught by local police, shedding light on the growing problem that has Chiang Mai residents concerned.The gang of seven teens between the ages of 16 and 20, along with their 19 year-old leader, were arrested and confessed to stealing more than 50 motorbikes in recent weeks. The leader also told police that at least four other gangs were stealing motorbikes and cars in Chiang Mai and the surrounding province. According to Deputy Commander of Chiang Mai Provincial Police, Pol Col Panudej Boonrueang, “motorcycle thieves work for a syndicate. They steal motorcycles and others are hired to ride them to border areas. Other gang members contact buyers...

Read more »

Spanish police say they have arrested alleged Colombian drug lord Edgar Guillermo Vallejo-Guarin.

Spanish police say they have arrested alleged Colombian drug lord Edgar Guillermo Vallejo-Guarin.Vallejo-Guarin, 47, known as Beto the Gypsy, was allegedly using a false identity when arrested at a luxurious Madrid hotel. He was wanted on a 2001 Florida indictment for drug-trafficking, money-laundering and murder, the BBC reported Saturday.Vallejo-Guarin is accused of smuggling tons of drugs into the United States and Europe since the 1990s. There was a $5 million price tag put on his head by U.S. officials.He has been on the run in recent years, moving constantly from hotel to hotel under false identities while still running his cocaine-running...

Read more »