Former Serbian commander Mladic gets life term for genocide

Agencies
November 22, 2017

Nov 22: Former Bosnian Serbian commander Ratko Mladic has been sentenced to life in prison for genocide and war crimes during the Balkans conflicts more than two decades ago.

The presiding judge of the International Criminal Tribunal for the former Yugoslavia (ICTY) on Wednesday found that the 74-year-old general "significantly contributed" to genocide committed at Srebrenica.

Previous judgments of the tribunal in the Netherlands already ruled that the massacre of about 8,000 Muslim men and boys in Srebrenica was genocide.

Judge Alphons Orie ruled that the perpetrators of the crimes committed in Srebrenica intended to destroy the Muslims living there.

'Heinous crimes'

The judge also ruled that Mladic carried out and personally oversaw a deadly campaign of sniping and shelling in Sarajevo.

"The crimes committed rank among the most heinous known to humankind," he said.

The former general initially appeared relaxed as he listened intently to the verdict but was later removed from the courtroom after he shouted at the judges when he was refused an adjournment.

His lawyer said Mladic needed a break for treatment of high blood pressure but the continued reading the verdict after Mladic removal from court.

Wednesday's verdict was long awaited by tens of thousands of victims across former Yugoslavia, and dozens gathered early outside the courtroom, many clutching photos of loved ones who died or are among the 7,000 still missing.

The court said, however, it was "not convinced" of genocidal intent in six other municipalities, in line with previous judgments.

"We're sad and disappointed because Mladic wasn't declared responsible for the genocide in Prijedor and in the other five municipalities that were listed," Sejida Karabasic, from Prijedor, said.

"3,176 people [killed] in Prijedor isn't enough in order to prove that there was a mass killing. So, more than 10,000 of us should have been killed in order to prove that genocide happened there,” Karabasic said.

"There were mass rapes, killings, concentration camps. They found the largest mass graves in the Prijedor region, none of that was enough for the verdict to include genocide," she added.

Munir Habibovic, a Srebrenica resident, said he was satisfied with the punishment. We weren't expecting anything less," he said, while agreeing that Mladic should have been found guilty of genocide in the six additional municipalities.

Speaking on behalf of the association for Parents of Children Killed in Besieged Sarajevo, Fikret Grabovica told Al Jazeera, that "no such punishment exists for Mladic to get what he deserves".

"But we can be a partly satisfied with this verdict. It's very important that he received a life sentence… what I'm particularly glad about is that the indictment confirmed the terrorising and sniping of the civil population of Sarajevo, in which 1,600 children were killed," Grabovica said.

The former general, dubbed the "Butcher of Bosnia", was accused of 11 counts - including genocide, war crimes and crimes against humanity committed by his forces during the war in Bosnia from 1992 and 1995.

Many Bosnian Serbs, however, view Mladic as a national hero who helped Serbia through the war that broke up former Yugoslavia.

Serbian daily newspapers on Wednesday featured photos of Mladic on the front page with captions reading "I'm innocent; they can't take my soul" and "I'm not guilty."

Al Jazeera's Marko Subotic, reporting from Serbia's capital, Belgrade, said support for Mladic there is still widespread.

"The media in Serbia never reported on what the Serbian army, under the command of Mladic, committed in Bosnia and Herzegovina. Because of this, researchers say residents are confused because they don't know why Mladic is standing trial at the tribunal in the Netherlands," Subotic said.

"A study in 2012 concluded that 42 percent of residents in Serbia don't know why Mladic is being tried at all. They know more about what went on while he was in hiding; they know that he was looking for strawberries when he was arrested in Serbia in 2011."

Mladic's trial was the last before the tribunal and came as the court in The Hague prepared to close its doors next month.

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
August 3,2020

New York, Aug 3: The number of coronavirus cases confirmed all over the world has surpassed 18 million, while the global COVID-19 death toll stands at over 687,000 according to data from the Johns Hopkins University's Coronavirus Resource Center.

As of 06:00 Moscow time on Monday (03:00 GMT), there are 18,017,556 confirmed coronavirus cases in the world. The global death toll from COVID-19 stands at 687,930. The number of recovered individuals stands at 10,649,108.

The United States remains the country with the largest number of cases (4,665,932) and the highest COVID-19 death toll (154,841), according to the latest data from the Johns Hopkins University.

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 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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.