Switzerland dubbed best place for talented workers

first_img– Advertisement – The U.S. came in 15th, ranked behind Germany (11th), Australia (13th), and Hong Kong (14th). It was just ahead of Ireland (18th), Taiwan (20th) and the U.K (23rd).Among the bottom 10 countries were: Russia, Bulgaria, Mexico, Romania, Colombia, Brazil, Venezuela, Slovak Republic, with India and Mongolia coming out last in the ranking.Now in its seventh year, the IMD annual ranking seeks to provide a picture of leading economies’ talent pools, and therefore their global competitiveness. It does so by drawing on a mixture of hard data and surveys to measure markets.- Advertisement – Switzerland was praised for its high-quality education system and focus on apprenticeships, as well as its ability to attract overseas professionals with high living standards and strong pay packets. Denmark, meanwhile, performed well for its emphasis of equal opportunity across society, and Luxembourg ticked up followed sustained investment in its workforce over recent years.Here are the top 10 countries on the list of 63 countries, which was heavily led by Western Europe.1. Switzerland 2. Denmark 3. Luxembourg 4. Iceland 5. Sweden6. Austria 7. Norway 8. Canada 9. Singapore10. the Netherlands- Advertisement – Countries are assessed across three key criteria: ‘Investment and development’ looks at how a country fosters domestic talent; ‘Appeal’ assesses the extent to which an economy retains homegrown talent and draws international talent; and ‘Readiness’ measures the quality of skills and competences available.As with previous years, the latest study was conducted between January and April, and as such, does not fully account for the impact of the pandemic. However, Jose Caballeros, senior economist at the IMD World Competitiveness Center, told CNBC Make It the findings provide some indication of which job markets may feel the greatest social and economic fallout.“The performance of the top talent-competitive countries remains relatively strong,” said Caballeros. “It is among the other economies where we see more fluctuation.”Indonesia, which came in at position 45, and Malaysia, which was 23rd on the list, both fell in the rankings this year. That was due to “brain drain” — the emigration of educated workers away from their home country — and a reduced ability to attract foreign highly skilled workers and international managers, Caballeros said. He added that the pandemic will likely make that problem worse.Meanwhile, other countries that are largely reliant on overseas talent, such as Singapore, Australia, the U.S. and the U.K., could also see a negative impact from recent border restrictions, the report noted.But Caballeros said the pandemic has also provided a spot of opportunity for economies to invest in their people and adapt to new ways of working.“Enabling employees to acquire new or redeploy existing skills — to transition to remote working for example — will also be essential to sustaining the effectiveness of the talent pool in the near future,” he said.“This effectiveness will be necessary to tackle the new challenges that may arise following the current crisis. Facilitating the adoption of flexible new technologies will also be helpful for such economies since they will be able to be redeployed to address the needs of a continuously changing context,” Caballeros added.Don’t miss: Happiness expert: One technique for staying upbeat during the pandemicLike this story? Subscribe to CNBC Make It on YouTube! Switzerland has been named the best place in the world for attracting and nurturing skilled workers, even as the coronavirus pandemic weighs on many countries’ ability to win over top talent.Retaining pole position for the fourth year running, the central European nation beat out other continental neighbors including Denmark, Luxembourg, Iceland and Sweden to secure the top spot in IMD’s World Talent Ranking 2020 released Thursday.- Advertisement –last_img read more

D’Tigers’ Coach Targets Unbeaten Run

first_img“Since we don’t have all the players who took part in the last window who are familiar with the National team, we are still able to bring a couple of new players who have not played before to fill in the void.”Nwora has continued to enjoy a career as D’Tigers coach with just 2 losses in all competitive games (against Congo Democratic Republic and Tunisia) since taking charge in 2017. For him, keeping the flag flying and retaining the number one spot in Africa is the ultimate goal.The 2017 Afrobasket silver winning coach said the team will once again rely on some experienced members when they start their final round of games on Friday against host- Cote d’Ivoire at the Indoor Sports Hall of the Palais des Sports stadium.“I am fortunate to still have players like Ike Diogu, Deji Akindele, Ike Iroegbu and a couple of players who know my system and coaching philosophy which is giving your best to the great country Nigeria. We just have to make sure that when the light is on, we give it everything we have and show that we are the dominant team in Africa.”He praised the NBBF leadership under Musa Kida for changing the narratives and creating an atmosphere conducive for success.“Everybody wants to play for their country, they are very proud to be here and wear the green white green. With the new federation coming in and doing what they are doing, the players want to come back and play because the condition has been favourable and they are happy to be here,” he concluded.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Despite the absence of some key players who took part in the last FIBA World Cup qualifiers, D’Tigers Head Coach, Alex Nwora is still determined more than ever to end the qualifying campaign on a high.With an unbeaten nine-game record in the series to become the first country in the world to qualify for the World Cup in China, Nwora said his mission statement is to lead the team out to represent Nigeria the best way they can.In the absence of key players such as Al Farouq Aminu, Stanley Okoye, Obinna Emegano, Ike Nwamu and Christopher Obekpa, Nwora said the technical crew had to dig deep for worthy replacements to fill the void created. D’Tigers Head Coach, Alex Nwora last_img read more

School District 60 approves five year capital plan

first_img“It is our estimate that in the near future we will need two schools to accommodate the growth in our school enrolment,” he admits. “That would probably be requiring one in the northeast and one in the northwest. Those locations would obviously have to be determined down the road.”Boyd confesses that it would be ideal to have the schools replaced immediately, but there is a three year process that needs to be followed as laid out by the ministry.“The reason that the year three shows up with the replacing space is that’s the process the ministry has. We have no choice of where we put it. Obviously our choice would be to have it approved and completed this year,” he says. “It’s a three year process; it’s a repeating three years. If they are not approved this year then next year. They will never be placed below the third year from our ability to designate where it is located.”The plan also has room for mechanical upgrades around schools within the district.Advertisement Secretary Treasurer Doug Boyd announced at last night’s board meeting that the district met the mid-October deadline of submitting how they would pay for the raises for the workers, and the proposal is awaiting approval.“The district was required to come up with a savings plan to meet the compensation requirements for the recently settled template by the government in regards to support staff. We have met that requirement of submitting it by October 15. We now await approval,” he explains. “It has to go through and receive approval from the finance department. Once that approval is there then it will be implemented and we will be proceeding with our agreement with CUPE.”The 3.5 per cent raises the workers will see will be phased in over a two year period. The first raise will see an approximate total of $235,000 paid to support staff. That figure will increase to $435,000 in the second year.- Advertisement -School District 60 is also looking for eight new buses and two new schools as part of a five year capital plan. Boyd says buses typically reach their full usability after 12 years and he hopes to have new buses for the new year.“Our buses year out around the 12th year, so this is our stage each year of putting in a request. That is basically being requested for this current year,” he states. “When I say the current year, it would be something that would be approved hopefully prior to Christmas and we would be able to get them in order for the early part of the new year in 2014.”The capital plan also contains the desire for two replacement schools and a new school. Boyd says the replacement schools would be for CharlieLake and École Central Elementary.Advertisement The ongoing transportation issue remains unchanged. The district is struggling with how to fund transportation for students following a $541,000 cut in transportation funding. At the time the funding was cut the district was already running more than $200,000 over budget. Efforts continue on behalf of the district to try and establish a meeting with MLA Pat Pimm as per his election promise that fees would not occur if he was re-elected.last_img read more

Championship round-up: Millwall boost survival hopes with win over nine-man Wigan

first_img Millwall celebrates Magaye Gueye’s late goal against Wigan Millwall claimed a lifeline in their quest for Championship survival with a vital 2-0 victory over relegation rivals Wigan, who ended the heated clash with nine men.A bad tempered match saw its first man handed his marching orders on the hour mark, with Latics striker Martyn Waghorn shown red for violent conduct.Millwall then took the lead through Nadjim Abdou’s header, and it only got worse for Wigan, with defender Jason Pearce, along with Lions midfielder Ed Upson, sent off for fighting.Despite the numerical disadvantage it still seemed the manager-less Latics could scrape a point in the closing stages, having dominated play with the ball, but Magaye Gueye made the points sure for Millwall with a low strike in stoppage-time.The basement battlers were tied on 36 points ahead of the meeting, and while three points doesn’t lift the Lions out of the bottom-three, they are now just four points adrift of safety and could have that gap reduced to one, should Rotherham be hit with a point deduction for fielding an illegible player in their recent win over Brighton.At the other end of the table, Bournemouth remain one point clear at the top following a 1-0 victory at Reading; Callum Wilson scoring the game’s only game in the fourth minute.But Norwich City are still right on their tail, with the Canaries just one point behind in second place courtesy of a 2-0 victory at Leeds United.Yellows midfielder Graham Dorrans squandered the chance to open the scoring from the spot in the first half by smashing his penalty against the crossbar, but Jonny Howson eventually broke the deadlock after the break, the local boy stunning his former side with a fine strike.However, Dorrans later made amends for his earlier miss with a second goal in stoppage-time to seal a fifth consecutive win for Norwich.Jelle Vossen and Patrick Bamford scored inside the first ten minutes to guide Middlesbrough to a 2-1 victory over Wolves, with the win seeing them rise above Watford into second place, while Derby bounced back from their recent poor run of form to consolidate their play-off place with an emphatic 4-0 triumph over relegated Blackpool.The Rams had won only one of their last nine games but look little time to set the tone, with Craig Bryson opening the scoring after just three minutes, while goals from on-loan stars Darren Bent and Tom Ince sealed the points at half-time. Bent added his second after the break from the penalty spot.Ipswich also maintaind their spot in the top six, and extend their unbeaten run to five games, after beating mid-table Cardiff 3-1 at Portman Road.Elsewhere, Demarai Gray was the hero for Birmingham as his 78th minute goal saw the Blues share the points in a 2-2 draw with Blackburn, while Bolton also claimed a point against Charlton thanks to Adam Le Fondre’s late strike.Kieran Lee scored the only goal of the game against the run of play as Sheffield Wednesday enjoyed a 1-0 home win over a dominant Brentford, while Brighton and Huddersfield Town played out a goalless stalemate. 1last_img read more

News in brief: Cup draw, QPR youngster’s loan deal, Della-Verde injury

first_imgFA Cup drawAll four west London clubs have been drawn at home in the third round of the FA Cup.Chelsea will host Watford, now managed by former Blues midfielder Slavisa Jokanovic. The two sides met in the third round in both 2009-10 and 2003-04, and the fifth round in 2008-09.QPR play Sheffield United, last season’s semi-finalists, at Loftus Road – a repeat of a third-round tie from 2009-10.Both Brentford and Fulham were drawn at home to fellow Championship opposition. The Bees will entertain Brighton, who they beat 3-2 at Griffin Park earlier in the season, while Fulham host Wolves, hoping to avenge the 1-0 defeat they suffered in August.Michael HarrimanThe QPR full-back has had his loan deal at Luton Town extended until 10 January. The 22-year-old has made 10 appearances for the League Two high-flyers and been on the losing side just once.Jamie Sendles-WhiteQPR’s 20-year-old centre-back has returned to Loftus Road after his loan spell at Mansfield Town was cut short. The Northern Ireland under-21 international played eight games for the Stags after joining in October and was due to stay at Field Mill until early January.ChelseaThe Blues have agreed a deal for their development teams to continue to play at Aldershot Town next season. Chelsea’s Under-21s have played at the ESS Stadium for the past 18 months, while the Under-18s’ successful FA Youth Cup run last term began at the Conference Premier club’s ground.QPR LadiesIn the second round of the FA Women’s Cup, QPR have been drawn away to Eastbourne Town of the London and South East Regional Premier Division. Two leagues separate the two teams, who will meet at the The Saffrons on Sunday 11 January.Lyle Della-VerdeThe Fulham winger has been ruled out for at least three weeks with ankle ligament damage, ending his loan spell at Bristol Rovers. The 19-year-old was hurt during a Conference Premier match against Wrexham last week. He made seven appearances for Rovers but will now go back to Craven Cottage for treatment.Dennis MarriottThe former Middlesex bowler, who took more than 80 wickets for the club between 1972 and 1974, has died, aged 75. The left-armer was one of a relatively small group of players to have represented both Middlesex and Surrey.Follow West London Sport on TwitterFind us on Facebooklast_img read more

Flying Tutu sculpture fetches R850 000

first_img18 March 2015Contemporary South African art proved to be a big seller at a Strauss & Co auction held on Monday night in Cape Town.The sale achieved a total of R50-million with a value sell-through rate of over 84%, once again the highest in the current market, the auctioneer said in a statement.A popular work by Ed Young of Emeritus Archbishop Tutu swinging from a chandelier sold for R852 600, far exceeding pre-sale estimates of between R450 000 and R550 000.The sculpture depicts a flying Tutu, smiling as he holds on to a chandelier. The sculpture was commissioned in 2010 by the Institute for Democracy in SA (Idasa). The Arch was sold to a private buyer after Idasa closed in 2013.Archbishop Emeritus Desmond Tutu jokes with artist Ed Young at the unveiling of “The Arch” at Idasa in 2010 (Image: Idasa/Flickr.com)  In a preview of the sale, Strauss & Co wrote on its website: “Archbishop Emeritus Desmond Mpilo Tutu, the first black Anglican archbishop of Cape Town, well known for his steadfast and unapologetic public voice, is also celebrated for his good humour. Upon seeing Ed Young’s super-realist sculpture depicting a likeness of him swinging from a chandelier, Tutu laughed and pulled a fist at the work’s creator. ‘I’ll send you bad dreams,’ he told Young.”The top-selling work was Schmerzensmann III, an extraordinary sculpture by Dutch artist Berlinde De Bruyckere that fetched R3 410 400. De Bruyckere was the solo artist in the Belgian Pavilion at the 55th Venice Biennale in 2013, curated by South African author JM Coetzee, Strauss & Co said.The work comprises “a pale, attenuated figure made from epoxy and wax and hung from the apex of an iron column sourced from a decommissioned 19th-century station. Conceived as a powerful reflection on humanity, it evokes images of war – particularly of World War I fought largely on Belgian soil – as much as of recent atrocities,” the auctioneers say on their website.A world record was reached for a Robert Hodgins work J’accuse, which sold for R2,5-million, more than double its pre-sale estimate. His Porn King sold for a little under R910 000.Vladimir Tretchikoff’s Zulu Maiden fetched almost R3,2-million, while William Kentridge’s Head sold for R1,48-million.JH Pierneef’s Wild Pear Trees, which had a pre-sale estimate of R600 000 to R900 000, sold for more than R2-million; and The Maluti Mountains, depicting the mountains around Ficksburg in the Free State, sold for over R1,8-million.His Storm Clouds and Trees, a charming landscape painted in 1928 using casein, a milk-based binding agent, sold for R704 816. A fast-drying material casein demands certainty, Strauss & Co says on its website: “Characterised by their notational brushstrokes and impressionistic use of colour, Pierneef’s casein works are a benchmark of his intuition and assuredness as a painter.”Stokerij (Paarl) and Cape Kitchen, two paintings by Pieter Hugo Naude, fetched over R204 000 and R341 000 respectively.A Sailing Barge on a Canal, a work by Maggie Laubser, one of South Africa’s most well known expressionists, sold for R250 096.“The auction proved that great art, well presented, will always achieve great results,” Strauss & Co said.The top 10 lots, according to Strauss & Co, were:Berlinde De Bruyckere; Schmerzensmann III R3 410 400Vladimir Griegorovich Tretchikoff; Zulu MaidenR3 183 040Wolf Kibel; Portrait of the Artist’s Son R2 955 680Robert Griffiths Hodgins; J’accuse R2 500 960Jacob Hendrik Pierneef; Wild Pear Trees R2 046 240Jacob Hendrik Pierneef; The Maluti Mountains R1 818 880Alexis Preller; Mapogga Wedding R1 477 840William Joseph Kentridge; Head R1 477 840Robert Griffiths Hodgins; The Porn King R909 440Ed Young; Arch R852 600SAinfo reporterlast_img read more

A Passivhaus Project in D.C. Nears Completion

first_imgUPDATED on May 1, 2011, to change the description of the exterior-wall insulation layers outside the SIPs to EPS (expanded polystyrene) from XPS (extruded polystyrene).In October, when we last checked in on the New American Foursquare, a Passivhaus project in Bethesda, Maryland, the foundation was already in the ground. Passive House Institute U.S. director Katrin Klingenberg had stopped by the jobsite an offered a suggestion for airsealing the foundation perimeter, and a crew of specialists in structural-insulated-panel installation would soon get to work putting up exterior walls.The project is now in the finish-work stage and has been put through a couple of preliminary blower-door tests to track down air leaks and affirm that the house is sufficiently airtight. The first test showed about 0.67 air changes per hour at 50 Pascal pressure difference. The second test, conducted before drywall and trim were installed, showed 0.59 ACH, which meets the Passivhaus airtightness requirement.A prototype and suite of plans for replicasAt 4,318 sq. ft., with five bedrooms, four and a half baths, and a finished attic and basement, this house is being presented by the project principals – O’Neill Development and Peabody Architects – as a prototype that can be replicated in several sizes and less-costly configurations. The strategy is to offer plans for American foursquare homes in sizes ranging from 2,400 to 4,400 sq. ft., and homes built in a Craftsman cottage style from 1,500 to 2,500 sq. ft.The New American Foursquare prototype is located in a Bethesda neighborhood that, even by the standards of the Washington, D.C. metro area, is relatively pricy. The home’s listing price is expected to be $1,688,000, but the partners hope to accommodate far smaller budgets with many of the replicas.SIPs and “outsulation”The home’s exterior walls are built with 8-in. InsulSpan SIPs covered on the exterior with two staggered layers of expanded polystyrene (1 3/4-in. thickness total), bringing the total thermal resistance of the wall assembly to R-36. The foam sheets were covered with Tyvek housewrap and vertical furring strips to create a rainscreen; the siding is HardiePlank fiber cement.The roof was constructed with 12-in. SIPs, with standard asphalt shingles over felt, for R-45 thermal resistance. Foundation walls are insulated to R-44 with 4 in. of EPS on the exterior and 5.5 in. of fiberglass on the interior, while the concrete slab, at R-20, has 4 in. of EPS with a vapor barrier underneath.Windows on this project are Thermotech triple-glazed units with insulated sashes and frames, and motorized awnings have been installed on the west wall of the home. (There are roof and porch overhangs on the south wall.)MechanicalsThe house is equipped with two Zehnder ComfoAir 350 energy-recovery ventilators, one for the attic and second floor, the other for the basement and first floor. A hot-water line from the home’s gas boiler runs to a heat exchanger downstream of each ERV unit. The boiler also supplies hot water to a Weissmann insulated tank with an integral solar heat exchanger, although installation of solar collectors will be up to the homeowner.A 36,000 BTU Mitsubishi ductless minisplit air-source heat pump will assist with cooling and dehumidification.Bringing the home to the Passivhaus performance standard added 8% to the project’s construction costs, according to the project partners. The annual energy bill is expected to be about $2,400, although the usage habits of the occupants will obviously come into play. Still, architect David Peabody points out that only about $600 – or 25% – of the estimated annual energy bill is likely to be for heating and cooling.last_img read more

Colorado’s Low-Income Solar Model

first_imgMissing the solar revolutionThe NREL report, authored by Jeffrey Cook and Monisha Shah, points out that low-income households spend proportionately more of their money on energy than others. One study of 48 U.S. cities showed the median energy burden for low-income households was 7.2%, more than double the burden for the median household across all cities. In some cases it was much higher.One way of reducing energy costs is by installing on-site PV systems, but the NREL report says this boom has largely been reserved for middle- and upper-income families. In California, for example, only about 5% of all residential PV installations were on homes with annual incomes of less than $40,000.“If this trend holds true in many other states, PV may disproportionately benefit higher-income families nationally,” the authors said.Colorado addressed the problem with a 2010 law called the Community Solar Garden Act, which required developers of community solar projects to make sure that at least 5% of their subscribers were low-income households. Since then, the Colorado Energy Office has expanded efforts by supporting community solar projects that were completely earmarked for low-income households and by incorporating PV into state weatherization programs.Until 2005, photovoltaics were not eligible for funding under the federal Weatherization Assistance Program. Through the Energy Policy Act approved that year, weatherization funds could be used for up to $3,000 worth of solar on an individual residence, providing the state could show the Department of Energy that adding solar to its program would be cost-effective. (The limit has since been raised.) The state has also tapped into federal money distributed under the federal Low Income Home Energy Assistance Program to pay for weatherization programs.Xcel Energy, the state’s largest investor-owned utility, helps subsidize the cost of PV installations using money it collects under a renewable energy portfolio fee, the NREL report says. From 2017 to 2019, the number of households getting PV is limited to 300, with the capacity of each system capped at 3.5 kW.Roughly 11% of Colorado residents are what the NREL report calls “energy impoverished,” meaning they spend more than 10% of their annual household income on energy. Energy-efficiency improvements typically include the replacement of refrigerators and light bulbs, and adding insulation in the attic, around ducts, and in walls. In addition to savings from those improvements, households that also got PV installations could see annual energy savings of $400 or more, the NREL report said.Joseph Pereira, director of low-income services for the Colorado Energy Office, told Inside Climate News that making solar available to more low-income people also helps address a basic fairness question. Low-income electricity customers pay the same renewable energy fee to their utility as any other customer, he said, but they get a disproportionately smaller share of direct benefits.“From an equity standpoint, it was really time to get some of that money moving in the low-income direction,” he said. In all, eight community solar projects have been developed that help some 400 low-income subscribers reduce their electricity bills by between 15% and 50%.Colorado is one of a dozen states and the District of Columbia that have PV programs for low-income households. Colorado’s program is not the largest, but it is viewed as a model because officials developed a step-by-step process that could be adapted successfully by other states.“Ultimately, the Colorado Energy Office strategy is only one example of how states can develop a comprehensive approach to support PV deployment among low-income residents,” a recent report from the National Renewable Energy Laboratory (NREL) said. “Nevertheless, [Colorado’s] efforts offer a clear roadmap for other states …” Solving Energy PovertyEfficiency Advocates to Study Energy AuditsEnergy Efficiency Costs Less Than New Generation Weatherization Assistance Program: Getting the Facts StraightIs Weatherization Cost-Effective?Low-Income Housing: Problems and Solutions Colorado is expanding its energy assistance efforts to make solar electricity available to more low-income households. The state is using a systematic approach that experts say could be a “clear roadmap” for other states.A report posted at Inside Climate News says that photovoltaic (PV) arrays rated at 20 megawatts, all earmarked for low-income residents, should be installed by the end of next year. That includes rooftop solar systems at some homes as well as a number of community solar facilities that collectively serve hundreds of households.Rooftop PV arrays have been installed by county and regional weatherization offices that already were adding insulation and making other energy-efficiency improvements for low-income residents. One county weatherization official called the expansion into solar “the next logical step” in helping low-income people lower their energy bills.In addition to installing rooftop solar on individual homes, Colorado’s Energy Office also is backing a number of community solar projects. They include the 2-megawatt Coyote Ridge Solar Farm in Fort Collins, which is thought to be the largest low-income community solar facility in the U.S. It was installed by the nonprofit Grid Alternatives in conjunction with the local utility, Poudre Valley Rural Electric Association.center_img RELATED ARTICLES Getting the cost of PV downIn a telephone call, Pereira said that PV installations help solve an inherent weakness in conventional weatherization programs. Data gathered by his office show that low-income residents spend about 50% of their energy budgets on home heating and the other 50% on electricity unrelated to heating.“We have a long-standing weatherization program that does a great job and saves customers a lot of money, but it really doesn’t save on the electric side of that ledger,” he said. “We didn’t embark on solar for solar’s sake. The data really led us to the idea that we could use solar, be it rooftop or community solar, to achieve our goals, which was to put low-income customers’ expenditures in parity with the rest of the state.”The goal is not to “give away free electricity,” he added, but to make sure these customers have about the same energy burden as customers who have more money. That means a reduction in power bills of 30% to 50%.When the program began, the state was paying installers about $3.60 per watt for the installations. But since then, they’ve knocked about $1 off the cost, due largely to steep reductions in the soft costs that installers typically would have to cover. Pereira said the program’s internal target is $2 a watt.In deciding which homes get solar and which don’t, program officials are bound by federal guidelines that require at least a 1-to-1 payback. That is, for every $1 spent on solar the benefit to the customer must be at least $1.“We’re not putting solar on any homes where it’s not cost effective to do so,” he said. “That is, the customer receives benefits greater than the investment we make. We’re seeing positive numbers. We’re seeing a 1.8 to 2.4 return on investment.”The expansion of conventional weatherization improvements to include solar is just an acknowledgement that the utility landscape is more dynamic now than it has been in the past, Pereira said. “This isn’t any magic thing,” he said. “It’s just more responsive to the world we’re in now.”last_img read more

CWG scam: Suresh Kalmadi being blackmailed?

first_imgIs Commonwealth Games Organising Committee chief Suresh Kalmadi being blackmailed?File photo of CWG OC chairman Suresh Kalmadi.The Central Bureau of Investigation (CBI) which carried out searches at the residence of Kalmadi has recovered an alleged blackmail letter demanding Rs 4 crore from him in exchange for a ‘compact disc’ carrying some damaging information.Sources in the investigating agency said authenticity of the letter is being verified. They said as Kalmadi could not provide a satisfactory reply on the letter, the agency is taking it on the “face value”.The sleuths are trying to verify contents of the unsigned letter found from the residence of Kalmadi and are likely to put it through a series of forensic tests, official sources said. The sources refused to disclose any reference made in the letter about the contents of the compact disc.The CBI had yesterday raided Kalmadi’s residences and offices in Delhi, Mumbai and Pune, two months after the sporting extravaganza ended amid allegations of financial wrongdoings in awarding of some contracts.During the raids, the agency recovered several documents and questioned the 66-year old leader about them.CBI sources had said that the key files, which contain important information on tendering, budgetary allocation and contract details, are missing from the (OC) office.However, Kalmadi said the documents could be lying with some other investigating agency and if the CBI lists out the missing document he and his team would trace them.His wife Meera was inside the “Kalmadi House” located off the arterial Karve road in West Pune during the course of the searches by a eight-member team that caused a flutter in the city which the high profile MP represents in Parliament.advertisementThe agency has so far filed three FIRs in connection with the alleged irregularities in CWG and searched the residences of OC Director General V K Verma and Bhanot on November 30.While one case is related to a Rs 107-crore deal struck with a Swiss score keeping firm, the agency had registered two other FIRs in connection with the contract given to AM Films for the Baton Relay ceremonies by the OC in London.The CBI had arrested OC’s Joint Director General T.S.Darbari, Deputy Director General Sanjay Mohindroo and former treasurer Jayachandran for their alleged complicity in these deals.last_img read more