Sunday, July 5, 2009

The United Kingdom’s Serious Fraud Office is to launch an investigation into the collapse of car manufacturer MG Rover. The move follows the conclusion of a four-year enquiry started immediately after the firm became insolvent.

The group of four who owned MG Rover — John Towers, Nick Stephenson, Peter Beale and John Edwards — have been accused of asset stripping. The quartet, known as the Phoenix Four, paid a symbolic £10 (approximately €15) for Rover in 2000. At that time the company received an interest-free loan from former owner BMW for £427 million (approximately €700 million) and came with a large amount of unsold stock.

Between then and Rover’s April 2005 bankruptcy, by which time there were unpaid debts of £1 billion (approximately €1.5 billion), the Phoenix Four had removed an estimated £40 million worth of assets including pensions and salaries. An enquiry was launched by ministers that was expected to take a year, but the final report was not delivered to business secretary Lord Mandelson until three weeks ago.

The government used taxpayer’s money to fund a £6 million loan to MG Rover and attempted to negotiate a deal with a Chinese company, but these efforts failed. MG Rover’s collapse caused the loss of an estimated 15,000 jobs, including with various suppliers. A former MG Rover factory does still build a small number of MG sports cars in Longbridge by Shanghai Automotive Industry Corporation, who bought most of the designs.

The Phoenix Four released a statement criticising the criminal investigation. “There has never been any suggestion of improper conduct by the directors and this was confirmed in a report by the administrators PWC six months after they took over the running of the company. Four years on, any suggestion [of] another further investigation is frankly ridiculous and smacks of kicking this issue into the long grass. If the government has been so concerned to get to the heart of the matter why has it flatly refused more than 30 requests under the Freedom of Information Act which would have revealed correspondence and documents the directors believe would have shed some light on the government’s role in the affair?”

Monday, November 2, 2020

The following is the sixth and final edition of a monthly series chronicling the 2020 United States presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

This month’s spotlight on the campaign trail: the Free and Equal Elections Foundation holds two presidential debates, three candidates who did not participate in those debates give their final pleas to voters, and three political pundits give their predictions on the outcome of the election.

Monday, July 16, 2007

Erica Powell OBE, who was the Private Secretary to Kwame Nkrumah, President of Ghana and later to Siaka Stevens, President of Sierra Leone, died last month at the age of 86. She died at Peterborough on June 5, 2007. She was made an MBE in 1958 and OBE in 1960.

Erica was born on March 15, 1921 at Brighton in Sussex England into a middle class family. She trained as a secretary and then as a teacher. She worked with Barclays Bank during World War II. She was the top candidate in the 1940 London Chamber of Commerce Shorthand and Typewriting exams.

In February 1952, the Crown Agents for the Colonies offered her the position of “Private Secretary (Female)/Gold Coast” which later became the title of her autobiography. She ended up working as the Private Secretary to the Governor of the Gold Coast, Sir Charles Arden-Clarke. While working for the Governor, she became a close friend and confidant of Kwame Nkrumah, then bidding for Ghana’s independence from the United Kingdom. Her closeness to Nkrumah led to her being dismissed in 1954 and being sent back to the UK.

Powell returned in January 1955 to work for Kwame Nkrumah, a position she held till 1965, a year before his overthrow. Her close relationship and loyalty to Nkrumah bred a lot of rumours both in Ghana and the UK. It also brought a lot of resentment from various quarters. She kept in contact with Nkrumah while he was in exile in Guinea until his death in April, 1972.

She later worked for Siaka Stevens as his private secretary from 1970 to 1979. She attended Nkrumah’s funeral in 1972 as part of the official Sierra Leone delegation.

Monday, February 18, 2008

Television producer and owner of the anti-Scientology website www.xenutv.com (XenuTV), Mark Bunker, also known as Wise Beard Man, chatted online with Wikinews for nearly three hours. More than 120 people followed the interview live (many from Project Chanology), which makes this exclusive Wikinews interview our most attended IRC interview to date.

Bunker started XenuTV in 1999 and began to make videos that he provided for the Lisa McPherson Trust. Bunker has been a critic of the Church of Scientology since 1997.

In 2006, he won a Regional Emmy Award after he and KUSI-TV news reporter Lena Lewis produced a documentary news video on the issues with the United States – Mexico border with San Diego, California.

Saturday, January 10, 2009

A significant portion of the American LGBT media landscape is about to become a conglomerate. Thursday, PlanetOut Inc. (PlanetOut.com, Gay.com) sent out a press release stating it signed a definitive merger agreement with Here Networks LLC (operator of cable network here!) and Regent Entertainment Media Inc. (properties including magazines The Advocate, Out).

The deal comes after PlanetOut had been on the market for nearly a year. The company sold its magazine and book publishing businesses back in April, and its vacation company in December.

The newly formed public holding company, Here Media Inc., will be helmed by Chairman Stephen P. Jarchow and CEO Paul Colichman. Its unknown whether any of struggling PlanetOut’s jobs will be cut.

Plans are for all three companies to operate separately, as of subsidiaries of Here Media. The agreement still has to be approved by a majority of PlanetOut common stock holders, comply with regulatory filings and approvals, and meet various closing conditions.

PlanetOut shareholders will represent only 20% of Here Media Inc.’s shares.

Thursday, February 24, 2011

Two individuals are in custody after eleven secondary school students were injured in a firearms incident near a school Auchinleck Academy, in East Ayrshire, Scotland, yesterday afternoon. Police have said they are carrying out “extensive enquiries” into the incident, which reportedly involved an air gun or BB gun.

One pupil said he was walking near the school during the lunch hour and “saw two people behind a hedge.” There was a sound “like a small explosion,” he said. “I wasn’t really frightened at first but I’m quite shaken now as I know what damage has been done.”

Strathclyde Police said officers were attending an incident near the secondary school, which has approximately 950 students. Chief Superintendent John Thompson, who is leading the police inquiry into the incident, confirmed two people, aged 15 and 18, were detained in the area of the incident, in which eleven youths were injured.

“Subsequent inquiries directed us towards a house in Auchinleck where we have detained an 18-year-old male and a 15-year-old male,” Thompson said. “Both of those individuals are being interviewed at present and our inquiries are ongoing.” He appealed for people in the area of the incident to contact police.

East Ayrshire council stated “[t]he school responded immediately, informing the police and parents of the children involved, and sought appropriate medical attention”, and added officials were supporting pupils. Auchinleck Academy has not replied to a request for a comment from Wikinews.

Friday, March 20, 2009

In the United States, a suspended Pennsylvania state trooper has been convicted of first-degree murder for killing his girlfriend’s estranged husband.

Kevin Foley, 43, faces a mandatory life sentence without parole for slashing to death John Yelenic, a Blairsville dentist who was in the final stages of divorcing his wife, Michele. Foley’s attorney said he plans to appeal the decision. Prosecutors did not seek the death penalty.

Foley previously said he “loathed Dr. Yelenic” and asked another fellow trooper to help kill him. During his testimony, which lasted several hours, Foley claimed he was joking and had no true intention of carrying out the threat, but the Indiana County jury rejected that defense after about six hours of deliberations.

John Yelenic was found dead in his home on April 13, 2006, one day before he was planning on signing his divorce papers. Charges were brought against Foley in September 2007, more than 17 months after the murder.

Foley, who had been on suspension from the Pennsylvania State Police, was himself the final witness to take the stand Wednesday in the trial. Foley insisted he was innocent during his testimony, and even made jokes that the jury laughed at on a few occasions.

“I never made a threat with the intention of carrying it out,” Foley said under cross-examination by the prosecution.

When Senior Deputy Attorney General Anthony Krastek pressed Foley for what was funny about asking another state trooper to help him kill Yelenic, Foley answered, “There isn’t any joke. It’s just my personality, my behavior (with co-workers).”

Prosecutors said Foley killed Yelenic after going to the dentist’s house to confront him over the terms of the divorce. Prosecutors claim Foley slashed Yelenic several times with a knife and pushed his head through a small window. Yelenic bled to death.

“John has his justice tonight,” Mary Ann Clark, a cousin of Yelenic, told MSNBC. “John deserved this; he was the most wonderful person in the world. He died the most horrible death and tonight, this is his night. The system worked.”

Foley had been living with Michele Yelenic for two years at the time of the homicide. Prosecutors previously said Foley and Michele helped perpetuate rumors that Dr. Yelenic molested their son. John and Michele Yelenic had been separated in 2002. Michele Yelenic stood to collect Dr. Yelenic’s estate and a US$1 million life insurance policy, and could lose about $2,500 a month in support if the divorce was finalized, a Pennsylvania grand jury previously determined.

Michele Yelenic, who has not appeared at the trial, may face legal action herself, media reports indicated. A sentencing hearing for Foley is scheduled for June 1.