Latest news with #CIU
The Hindu
9 hours ago
- The Hindu
Two detained under Goondas Act for manufacturing spurious liquor
Two persons who were arrested by the Central Intelligence Unit (CIU) on charges of manufacturing spurious liquor were detained under the provisions of the Goondas Act. The duo has been identified as K. Rajasekar, 45, of Marakkanam and S. Pandian, 46, of Ramapuram in Chennai. The CIU police busted a fake liquor manufacturing unit at Poothurai near Puducherry on May 9 and arrested the duo. They ran a fake bottling unit on the premises and sold spurious liquor by affixing fake labels. Acting on the recommendations of Villupuram Superintendent of Police P. Saravanan, Collector Shiek Abdul Rahman invoked the provisions of the Goondas Act against them. The orders were served on them in the Cuddalore Central Prison.
Yahoo
05-05-2025
- Business
- Yahoo
Some Multnomah County employees fear discrimination reports will be weaponized, audit finds
PORTLAND, Ore. (KOIN) – Multnomah County released an audit detailing how the city handles discrimination reports from its employees, finding the county needs to improve its workplace culture. The audit — which was released May 1 — analyzed discrimination reports handled by the County Investigation Unit. The investigation unit launched in 2019 to improve the county's human resources practices, particularly for employees of color, according to the county. The unit is made up of three investigators who investigate staff complaints about discrimination based on race, sexual identity, disability, age and other protected statuses. While the audit found the CIU responded to complaints 'kindly and impartially,' investigations into discrimination reports have taken too long and some employees fear their reports can be 'weaponized,' auditors learned. North Portland ralliers: 'We are not a Sacrifice Zone' According to the audit, some investigations into discrimination complaints could last over six months, however, investigation times have since improved — dropping to under 90 days un 2024. Auditors also learned that staffers who filed complaints — and staff members whose behavior was investigated — did not always find the investigative process transparent and didn't always trust what was happening during the investigations. 'Although a majority of respondents said they would recommend CIU to a colleague if necessary, a portion of these responses indicated that they would do so because they are obligated to refer a coworker to the unit if they are being harassed or discriminated against. Employees reported fear of retaliation, concerns about biased investigations and the stressful nature of investigations as the sources of mistrust and feeling unsafe with regard to the investigation process,' the audit stated. These PNW cities are being called the best places to live in the country, says a new stud The report also highlighted a particular concern that Black and African American managers received more complaints compared to white managers. The audit adds, 'Staff were also concerned that CIU can be weaponized against employees, believing that complaints could be filed not to seek accountability, but rather as a means to cause harm and distress to another employee.' Black employees facing complaints also left the county at higher rates, according to the audit, noting, the report was not able to find a causal relationship between the investigation unit and these statistics. But overall, auditors say the increased rates are still a cause for concern. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now According to the audit, the investigation unit mostly faced workplace issues that were left unresolved despite other interventions. 'In this way, the unit's core task has become to resolve the symptoms created by a workplace culture in need of improvement,'' the audit states. Multnomah County Chief Operating Officer Christopher Neal – who started his position at the county in early April – stated that filing a complaint, or receiving a complaint, involving a co-worker is 'inherently stressful for all sides.' 'The goal has been to use trauma-informed practices, be consistent and show fair treatment in a prompt and thorough response to complaints,'' Neal said. 'So we take it very seriously that some people going through this process feel it is unsafe or that the process has become weaponized. That's what we'll be focused on understanding and changing.' Trump says he's going to reopen Alcatraz prison. Doing so would be difficult and costly The audit comes after Multnomah County Chair Jessica Vega Pederson and Multnomah County Deputy Chief Operating Officer Travis Graves asked the County's Evaluation and Research Unit to analyze employees' experiences. The researchers interviewed 81 county employees and managers, held focus groups along with an anonymous employee survey and reviewed case outcomes. 'We sought this review as a progress report that would set us up to both build on successes and change what's not working,'' said Chair Vega Pederson. 'I take these findings very seriously. In addition to a number of recommendations already incorporated by the CIU, a workgroup led by senior county leaders has already begun to meet to address the larger cultural issues.' Portland chef honored as Asian Pacific leader alongside 'Wicked' director, Bruno Mars Vega Pederson wants the workgroup to address bigger questions – including causes behind employees and managers feeling unsafe and limits to employees' ability to resolve conflicts. 'My executive budget provides resources to continue this work,' Chair Vega Pederson said. 'I've also provided clear direction to our Chief Human Resource Officer to ensure these changes achieve our goals for improvement.' According to the county, some changes are already underway with help from the workgroup, including reallocating a county position to the complaints unit to focus on conflict resolution. Ribbon cut on new $313M Clackamas County Courthouse The investigation unit also added an on-call investigator to help the team when caseloads grow, and the unit will start sharing a timeline with involved employees to track investigation progress. Chair Vega Pederson also set aside $100,000 to consult with experts on addressing discrimination issues within the county. 'When we created the CIU our intent was to improve the process and our employee experience,'' said Deputy COO Graves. 'This review provides valuable information on how we continue to improve our handling of workplace conflict. It also tells us we have work to do beyond the CIU. We are up to the challenge.' Now, Chair Vega Pederson and COO Neal are asking staff to implement the audit's recommendations – giving employees a chance to write a response to investigation findings, educating employees on the complaint process and boosting collaboration between the investigation unit and human resources managers. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Daily Tribune
17-03-2025
- Business
- Daily Tribune
Collective Investment Undertakings (CIU) in Bahrain
Bahrain is a host of many mutual funds & investment funds, which makes a good lucrative investment opportunity for you and all. The first overseas mutual funds started and marketed in Bahrain in the 80s and the first Bahrain domiciled scheme was launched in 84. The first Collective Investments Schemes rules were issued in 92 by CBB. The rules are for authorization, registration and supervision of mutual funds domiciled or offered for marketing in Bahrain. This business is growing very fast and very encouraging. Since 2020, the number of mutual funds reach thousands of funds of which many funds are Bahrain domiciled and Sharia compliant funds. This shows, the net asset value (NAV) of the funds totaled worth more than billion dollars, invested in locally incorporated funds in Sharia compliant funds or non-sharia compliant entities. Collective investment undertakings (CIU), are defined, as undertakings the sole object is collective investment of capital raised from the public or through private placement, including investments by the operator, in financial instruments and other assets and which operates on the basis of risk-spreading as appropriate and the holdings of which may be re-purchased or redeemed out of those undertakings assets as appropriate. For the purposes of this, holdings mean the unit of measurement of the beneficial interest of participants in a CIU, by whatever name it is called including units and, in the case of investment trusts or companies, in the form of shares or units. Each holding represents a right to the assets of the CIU. The definition recognizes both open-ended funds and closed-ended funds, unit trusts, investment trusts, mutual funds, SICAV (French apprevaition means Investment Company with variable capital) and collective investment schemes are all examples of CIUs. The CIUs may be constituted under contract as common funds managed by management companies, trust law as unit trusts, or under statute as investment companies. Closed-ended funds are CIUs with a limited number of holdings. Where the fund vehicle is a company, holdings can take the form of shares. New holdings are rarely issued after the fund is launched and are not normally redeemable until the fund is liquidated. Typically, an investor can acquire or dispose of holdings in a closed-ended fund by buying or selling them on a secondary market, from a market intermediary or another investor, rather than by dealing with the CIU itself. Bahrain domiciled CIUs, are defined, as undertakings where the legal form of the CIU is established under the laws of the Kingdom of Bahrain, and CIU documents and contracts are governed by the Laws of Bahrain, unless otherwise agreed with CBB. Bahrain domiciled CIUs may be constituted either as common CIUs, established by contracts, trusts established under the Financial Trusts Law, or a corporate established under the Company Law. The Bahrain domiciled CIUs are classified as retail CIUs, expert CIUs or exempt CIUs as defined by CBB and each Bahrain domiciled CIU must have its separate legal vehicle. However, we strongly believe, this gives a well-regulated investment opportunity for potential investors including yourself or your entity. However, this type of investment is classified as institutional investment (II), which requires accurate knowledge professional advice, to overcome or understand the risks associated to such investment transactions.
Al-Ahram Weekly
11-03-2025
- Business
- Al-Ahram Weekly
St. Kitts and Nevis Investment Gateway Summit 2025: A Call to Egyptian Investors - Economy
After the remarkable success of its 2024 edition, the St. Kitts and Nevis Investment Gateway Summit returns with even greater ambition. Taking place from May 31 to June 3, 2025, at the St. Kitts Marriott Resort, this premier event is set to redefine investment opportunities in the Caribbean. Under the theme 'Investment to Impact: Our Journey to a Sustainable Island State,' the Summit will align with the nation's bold vision to become the world's first sustainable country. The event promises to bring together a vibrant mix of investors, economic citizens, entrepreneurs, and thought leaders from across the globe, including those from Egypt. Why Egyptians Investors Should Attend? Despite its small size, St. Kitts and Nevis is a powerhouse of opportunity, strategically located in the heart of the Caribbean Sea. The twin-island Federation boasts thriving industries such as real estate, citizenship by investment (CBI), and other sectors ripe for exploration including green energy. For Egyptian investors seeking new avenues to diversify portfolios, build international connections, or participate in sustainable development initiatives, the 2025 Investment Gateway Summit offers an unparalleled platform. This event is more than just a gathering; it's a transformative experience where attendees can: Forge global connections with industry innovators and government leaders. with industry innovators and government leaders. Explore strategic investments in a dynamic and eco-conscious environment. in a dynamic and eco-conscious environment. Immerse in the unique culture and heritage of St. Kitts and Nevis, including its world-class cuisine. A World-Class Platform for Strategic Investments The Summit, co-hosted by the Government of St. Kitts and Nevis and the Citizenship by Investment Unit (CIU), will feature exclusive networking sessions, insightful industry panels, and one-on-one meetings with key decision-makers. Attendees will gain access to tailored presentations, exhibitions, and showcases that reflect the evolving global investment landscape. This Summit is designed to foster partnerships that drive innovation, resilience, and long-term prosperity. A Personal Invitation from the Prime Minister Prime Minister Hon. Dr. Terrance M. Drew extends his warm invitation to attendees, emphasizing the event's significance as a catalyst for global collaboration: 'This Summit is a global stage where ideas spark innovation, partnerships drive progress, and investments shape a sustainable future. I warmly welcome you to connect, collaborate, and create lasting impact in our islands.' Don't Miss Out The 2025 Investment Gateway Summit is a gateway to opportunities that blend financial success with meaningful impact. For Egyptian entrepreneurs, economic citizens, and investors, this event offers a chance to expand horizons and explore St. Kitts and Nevis as a destination for both business and leisure. Investors can secure their spot now and be part of a movement that transforms investments into sustainable outcomes, and early access tickets are now available. Follow us on: Facebook Instagram Whatsapp Short link:
Yahoo
26-02-2025
- Business
- Yahoo
St. Kitts and Nevis Citizenship by Investment: 100 Days of Transformation, Innovation, Excellence and Service
Basseterre, St. Kitts and Nevis--(Newsfile Corp. - February 26, 2025) - 100 days on and The St. Kitts and Nevis Citizenship by Investment Unit has entered an exciting new chapter. 100 Days of Transformation, Innovation, Excellence and Service To view an enhanced version of this graphic, please visit: Over the past two years the investment immigration industry has seen much change - with the overall outcome generally positive. However, the real champion has been the St. Kitts and Nevis Citizenship by Investment Unit (CIU), recently transformed into a statutory body, led by the astute and energetic Chairman, H.E. Calvin St. Juste. Honouring a Legacy of 40 YearsSt. Kitts and Nevis is recognised as the birthplace of the Citizenship by Investment (CBI) sector, having pioneered the model more than four decades ago. The Federation's Programme has established itself as a global leader, known for its robust, secure, and reliable CBI Programme, which attracts international recognition and trust. This 40-year legacy continues to guide and inspire the CIU as they work to build on this success and usher in a new era of leadership. A New Vision: Global Leadership in CBIIt's only been 100 days since the Unit's inception and yet the change has been remarkable. Under the leadership of His Excellency, Chairman Calvin St. Juste and the esteemed executive team, the past 100 days has delivered innovation and service delivery — transformation that builds on the legacy of 40 years of excellence in the Citizenship by Investment (CBI) sector. The success of the first 100 days lies not only in the exceptional leadership of the Chairman and the Board of Governors to motivate for positive change but must also be attributed to the hard-working and dedicated members of the CIU. The past 100 days is a testament to their skills and dedication. 100 Days of Transformation, Innovation, Excellence and Service To view an enhanced version of this graphic, please visit: Redefining Leadership in this new EraThe past 100 days have demonstrated the CIU's commitment to redefining leadership in the CBI space with the team of seasoned global experts modernising and globalising operations — a true reflection of the Unit's ethos of integrity and transparency, and its objective to restore trust in the market. This transformation is powered by international experience, innovative thinking, and an unrelenting focus on service while cultivating an international standard of excellence in everything they deliver. The Executive Team's ImpactThe newly formed executive team, composed of global experts in finance, strategy, and governance, is reshaping the way the CIU operates. Their experience and fresh perspectives have been instrumental in implementing strategic changes that streamline operations and elevate the quality of service for both clients and partners. As a result of their efforts, the CIU is now more agile, responsive, and competitive in a rapidly changing global market. The 100-Day Transformation - Milestones AchievedThe first 100 days in office have been productive, ensuring that stakeholders are heard, problems are understood, and the team are able to implement change to bolster productivity. The team has focused on setting clear goals, strengthening operations, and improving transparency and efficiency. To celebrate some of the key achievements, and beyond the first 30-day wins, we highlight the success of the last 100 days. Introduction of the Office of the ChairmanA key milestone has been the creation of the Office of the Chairman. as a centre of excellence within the St. Kitts and Nevis CIU, bringing a particular focus and expertise on economic growth, customer service and development matters. The Office of the Chairman is the highest level of oversight to the Unit, in line with expectations from international partners, providing a platform for escalated management issues. 169 % increase in filesMost notably, an astounding 169 per cent increase in applications was recorded over the 100 days. This reflects the renewed global interest and continued trust in the St. Kitts and Nevis CBI Programme. Chairman St. Juste pointed out that such a substantial increase in just 100 days is truly exceptional. "We are incredibly proud of the progress we've made in a short period, but there's still more work to do. This success is a testament to the dedication of our team and the trust placed in us by our stakeholders. We are committed to maintaining the highest standards of integrity and efficiency while ensuring that the CBI Programme continues to contribute significantly to the economic development of St Kitts and Nevis" - Executive Chairman His Excellency Calvin St. Juste. Global Outreach and SuccessThere has been continuous and successful engagement with all stakeholders, including the nation's international partners. The Chairman represented the country and the Unit in various meetings in the UK and Brussels, including attending key successful discussions at Wilton Park. This engagement with international partners is ongoing with proactive outcomes. Ongoing international endeavours meant the Chairman and the team, travelled to over 20 cities across 4 continents and participated in over 512 engagements, these included international meetings and events as well as directly engaging with key players in the market. These face-to-face interactions play a crucial role in rebuilding trust and confidence in the St. Kitts and Nevis CBI Programme. Technological InnovationThe Executive team in the Unit has been busy implementing first-class systems for processing which includes the introduction of a cutting-edge digital system that will significantly enhance the efficiency of the process. This system is a key part of a broader digital transformation effort, designed to streamline processes, improve communication, and drive overall operational efficiency, benefiting stakeholders from real-time updates on applicants' statuses, increasing transparency and reducing wait times. By automating routine tasks, the system allows the CIU team to focus more on critical areas such as verification and due diligence, ultimately enabling a faster, more accurate, and more transparent process for all involved. Strategic GoalsFrom structural reforms to strategic investments, this short time frame has seen the implementation of key initiatives that will define the direction of the Programme for the next decade and beyond. Looking ahead, the CIU aims to continue building on its successes. With the Board of Governors playing an active and hands-on role in the transformation, the Federation is now more agile and responsive to global market demands. A Perfectly Crafted SystemSt. Kitts and Nevis' CBI Programme is built on a framework of precision and innovation. The recent changes reflect the intricate work of various stakeholders coming together to create a world-class Programme. The new governance and executive leadership team are ensuring that each part of the CBI process-from policymaking to execution-works in flawless alignment to deliver exceptional results. This includes an effective management of legacy files, with clear resolutions and outcomes, ensuring long-term customer satisfaction and Programme integrity. The past 100 days are not just a commemoration of what has been accomplished but also a celebration of the clear vision for the future. Commitment to Growth and InnovationWhile honouring the past, all eyes are firmly set on the future. By harnessing the expertise and strategic vision of new leadership, the CIU is committed to cementing St. Kitts and Nevis as the leading force in the global investment migration industry. The first 100 days have been a testament to the power of transformation and the vision of the St. Kitts and Nevis leadership team. The next 100 days and beyond will be a journey of opportunity, growth and delivery. Contact DataSt. Kitts and Nevis Citizenship by Investment Unit(1-869) 467-1474communications@ To view the source version of this press release, please visit Sign in to access your portfolio
