Rights groups call for probe of Sri Lankan army abuses



COLOMBO, SRI LANKA // New video evidence has emerged linking Sri Lanka's military to the execution of prisoners during the final hours of the country's decades-long civil war last year, two international human rights groups said today.

Human Rights Watch and Amnesty International said the grisly content of a five-minute video clip aired by Britain's Channel 4 television last month warrants a United Nations investigation.

The video was an extension of a short clip aired by the station last year showing blindfolded, naked men being shot dead at close range. The latest video shows the naked body of a young woman with a blood-spattered face identified by Tamil media as "Isaippriya," a news reader with the Tamil Tiger rebel television station.

A dozen other men and women, some with hands tied behind their backs, also lay dead beside her.

The New York-based Human Rights Watch said an acquaintance identified the body as Isaippriya. It said the video links the Sri Lankan army's 53rd division, which conducted the final battle with the boxed-in rebels on a small beach strip, with summary executions.

"This horrific new evidence demonstrates graphically that the Sri Lankan army engaged in summary executions of prisoners during the final days of fighting in May 2009," said Brad Adams, Asia director at Human Rights Watch.

"The government's failure to investigate these serious war crimes in the face of overwhelming evidence shows the need for an independent, international investigation," Mr Adams said.

Sri Lanka's government said it "categorically denies that the Channel 4 News TV video is authentic."

"It is no secret that the anti-Sri Lankan separatist lobby, which is behind these moves, live in the comforts mainly in the West, and have not contributed towards restoration of normality and livelihoods of the deprived people affected by the conflict," the Sri Lankan Embassy in London said in an earlier statement.

UN human rights investigator Philip Alston has said, however, the first video aired last year was authentic.

Sam Zarifi, Amnesty International's Asia-Pacific programme director, said the Sri Lankan government's stance that the videos are fake has become increasingly difficult to defend.

"The video footage seen in full is extremely disturbing and includes what appears to be a number of naked male and female bodies, many of them blindfolded and bound, depicting what seems to be cold-blooded execution of prisoners. If true, this would constitute a war crime," said Mr Zarifi.

"An investigation must be undertaken to explore alleged war crimes by all sides in the conflict," he added.

Mr Adams also challenged the government's claims.

"Each time new evidence emerges of a wartime atrocity, the government's knee-jerk reaction is to claim that it's all part of some bizarre plot against it," he said. "How many more photos and videos need to emerge before the government recognises that it can't hide the truth forever?"

Amid calls for a war crimes probe, Ban Ki-moon, the UN secretary general, appointed a three-member panel to advise him how to ensure accountability. He said, however, it was not an investigative team.

The government has condemned Ban's move as an "unwarranted interference" in the country's sovereignty, and appointed its own Lessons Learnt and Reconciliation Commission. But rights group say the commission has no mandate to probe alleged crimes, and it is a move to deflect calls for an international inquiry.

More than 7,000 civilians were killed in the last five months of the conflict, according to the UN. An estimated 80,000 people died in the 25-year war.

The rebels, who once controlled a de facto state in the island nation's north, had been fighting since 1983 for a separate state for minority Tamils after decades of oppression by the Sinhalese majority.

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Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

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Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

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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.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

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.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

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.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“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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Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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