Worker 'raped' mentally-handicapped man



Dubai // A mentally handicapped man was repeatedly raped and sexually assaulted by an employee at his father's company, a court heard yesterday. The 20-year-old Syrian was allegedly sexually assaulted and raped by AM, a 35-year-old Indian. The defendant could face the death penalty, if convicted. AM took advantage of the man's handicap to sexually exploit him, and repeatedly raped him in attacks from September to April, prosecutors say. The alleged attacks occurred while the owner of the company owner, NY, 60, was travelling out of the country.

While he was away, his older son ran the firm's day-to-day operations and took care of his younger brother. NY told the Dubai Court of First Instance that when he returned from a trip abroad in April, the father realised his younger son was acting differently. "When I resumed operations at the company, I saw him acting differently to how he usually does, and was always sticking to the defendant," he said in his statement to prosecutors.

After repeatedly asking what was wrong, his son told him he had been sexually molested by the defendant, the court was told. The father said his son had been raped in the office kitchen while his older son went to pray. The court received as evidence an evaluation from the Al Amal psychiatric clinic, where the alleged victim has been treated since 2002, confirming the patient suffers from "mild mental retardation as well as different behavioural disorders which require constant supervision and medication" and "is unable to care for himself and requires constant care and supervision for medication administration from family".

The elder son, identified as 36-year-old YN, told prosecutors that his brother always accompanied him on visits to the office, and that he only left his younger brother alone with AM when he went to pray. Giving evidence, the alleged victim told prosecutors the defendant molested him in the office kitchen. Prosecutors told the court the defendant had confessed to sexual assault, but in court yesterday he denied the assault and rape charges.

Judge Fahmy Mounir Fahmy adjourned the case until next month for a court-appointed lawyer to be assigned to the defendant. The court yesterday also heard closing arguments in another case of an alleged assault against an incapacitated victim. A hospital security guard was charged last month with sexually molesting a coma patient at Rashid Hospital. Prosecutors allege the 34-year-old Emirati guard, MI, molested the Emirati female in her intensive-care room.

A security guard at the hospital told prosecutors he was asked to investigate reports of an Arab man behaving suspiciously in one of the women-only rooms. He said he found the suspect inside the woman's room and asked him to leave. According to his statement, the defendant on one occasion told nurses that he was her husband, and another that he was her father. The court will issue its judgement next week.

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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Name: Kumulus Water
 
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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

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Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

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Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

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“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer

Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer

Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer

The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania. 

Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).

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Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

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Autumn international scores

Saturday, November 24

Italy 3-66 New Zealand
Scotland 14-9 Argentina
England 37-18 Australia