Abu Dhabi: 4.5 million drug pills worth Dh500 million seized

October 31, 2014

Abu DhabiAbu Dhabi, Oct 31: In one of the largest drug hauls in the country, anti-narcotic officers have busted a gang of four persons and seized 4.5 million narcotic pills worth more than Dh500 million from Al Ain and Dubai in a joint operation code-named ‘Wooden Doors’.

Colonel Dr Rashid Mohammad Borshid, Head of the Criminal Investigation Department (CID) at the Abu Dhabi Police GHQ, said the suspects, three Arabs and a Gulf national, were planning to smuggle them into another country.

Intelligence forwarded by Kuwaiti authorities to the Anti-Narcotics Federal Department at the UAE Ministry of Interior contributed to seizing the shipment smuggled into the country through an airport from an Arab country in the Middle East.

“Subsequent and immediate investigations indicated that the narcotic pills were shipped to one of the suspects. They were stashed in a professional and innovative way in 108 transverse sections of 36 wooden door frames,” explained Colonel Borshid.

The officers managed to arrest two Arab suspects from Al Ain and an Arab and a Gulf national from Dubai, following a well-planned joint operation by the ministry, Abu Dhabi and Dubai police forces.

Colonel Sultan Suwayeh Al Darmaki, Chief of the Anti-Drug Section at the Criminal Investigation Department (CID) of Abu Dhabi Police, who was the field commander, said the first suspect, a 32-year old truck driver, identified as A.A.A, received the drug shipment through an export/import office in one of the emirates. The drugs were concealed in the unassembled transverse sections of 36 wooden door frames.

“A.A.A, accompanied by the second suspect, a 36-year-old truck driver identified as F.N.A, transferred a big number of door frames from a warehouse to a house in Al Shabia neighbourhood in Al Ain City. This prompted the police team to place both the warehouse and the residence under surveillance.

“When we sensed that the drugs are being sorted, we raided the house. We caught the suspects red handed as they were dismantling the door frames, recovering the concealed pills and placing them in travel bags.”

The seized shipment consisted of three travel bags filled with pills. “We also confiscated 60 transverse sections of 20 doors where the drugs were stashed. The team also raided the warehouse, where we found 48 transverse sections of 16 doors, containing the drugs stashed in the same manner. A total of 16 travel bags filled with narcotic pills were confiscated in the operation.”

During interrogation, the two suspects revealed the identity of their accomplices — an Arab citizen living abroad and running the operation and the third suspect, also an Arab, who was supposed to receive the drug shipment in Dubai. “The team laid a trap and contacted the third accomplice through the arrested suspects. A delivery date was agreed upon.”

In coordination with the General Department of Anti-Narcotics of the Dubai Police, the third suspect, a 26-year-old investor identified as A.M.Kh, was arrested while receiving the shipment in the parking lot of an amusement park. He had another accomplice, 36-year-old GCC national identified as Kh.M.A who was also arrested. During interrogation, both confessed to being involved and having another 11,750 narcotic pills hidden in a location in Dubai. The drugs were confiscated and interrogation of all suspects is still going on.

Colonel Borshid reiterated his call to members of the public to not hesitate to report any suspicious activities and to cooperate with the anti-drugs units, which will take all necessary measures in accordance with the UAE laws that guarantee the protection of the public from any legal accountability as a result of their cooperation.

Local and international drug trafficking is a major security concern for anti-narcotic authorities and requires concerted efforts and close coordination.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Khaleej Times
June 7,2020

Dubai, Jun 7: Emirates airline on Sunday confirmed that it extended the period of reduced pay for its staff for another three months as airlines around the world struggle to preserve cash due to the grounding of fleets.

An e-mail has been sent across to Emirates employees about extending the wage cuts till September 30. In some cases, the salary will be reduced by 50 per cent.

Emirates had previously reduced basic wages by 25 to 50 per cent for three months from April, with junior employees exempted.

The Dubai-based world's largest international carrier employs around 60,000 people across its spectrum. While the parent Emirates Group employs over 100,000 workers.

On Thursday, Abu Dhabi-based Etihad Airways confirmed to Khaleej Times that it also extended salary cut of its employees till September 2020.

"Regretfully, Etihad has extended its salary reduction until September 2020, with 25 per cent reduction for junior staff and cabin crew, and 50 per cent for employees at manager level and above. Housing allowance and a number of benefits continue to be paid," the airline's spokesperson said in a statement last week.

In March, Etihad had announced temporary reduction of basic salaries for the month of April to all staff, including executives, between 25 to 50 per cent.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 5,2020

Dubai, May 5: Saudi Arabian prosecutors have ordered the arrest of a Saudi citizen for insulting an Asian expatriate and abusing him for not embracing Islam.

A video went viral online showing the expat, apparently with little knowledge of the Arabic language, being insulated by an Arabic-speaking man who does not appear in the clip, for having not embraced Islam and for not fasting.

A monitoring centre affiliated with the public prosecution examined the video the content of which “shows the citizen’s use of abusive words against the Asian resident on the pretext of inviting him to Islam,” the prosecution source said.

“The public prosecution closely follows up whatever infringes rights of citizens and residents including harm to their dignity and legal rights regardless of pretexts of such infringement,” the source added.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.