Migrants at a detention centre in Florida were forced to eat “like dogs”, with their hands tied behind their backs, an international watchdog said in a report on Monday.
Human Rights Watch, which gathered testimony from detainees, relatives and lawyers, documented alleged abuses at three centres in southern Florida and said people were subjected to degrading treatment, lack of medical care and overcrowding.
Former detainee Harpinder Chauhan,56, a British entrepreneur and father of two, recounted an incident in April in which dozens of men were denied food for hours. They were allegedly crammed into a single cell with their feet shackled and hands tied behind their backs.
Food was eventually given to them on chairs, but they remained restrained, recalled Mr Chauhan, who Human Rights watch said was taken into Immigration and Customs Enforcement (ICE) custody because of problems with his taxes. “We had to bend over and eat off the chairs with our mouths, like dogs,” said Mr Chauhan. He was eventually deported back to the UK.
The ICE's assistant secretary for public affairs Tricia McLaughlin described the allegations in the report as "lies".
"Any claim that there are subprime conditions at ICE detention centres are false," she told The National.
"All detainees are provided with proper meals, medical treatment, and have opportunities to communicate with their family members and lawyers."
According to Human Rights Watch, Mr Chauhan had lived in the US since 2016 and first entered the country on an E-2 investor visa. ICE officers detained him on February 11 after he ran into tax problems.
He and other former and current detainees described filthy, overcrowded centres where migrants are treated poorly. One woman spoke of being held at Krome North Service Processing Centre, which is usually reserved for men in South Florida.
“There was only one toilet, and it was covered in faeces,” she said. “We begged the officers to let us clean it, but they just said sarcastically, ‘Housekeeping will come soon.’ No one ever came.”
Another man said the intake centre he was kept in was freezing. “They turned up the air conditioning … You could not fall asleep because it was so cold. I thought I was going to experience hypothermia,” he said.
Under President Donald Trump, the number of people detained by ICE has increased dramatically as he continues to crack down on illegal immigration. As of late last month, an average of 56,000 people were being held in immigration detention centres per day, a 40 per cent increase from the same time last year and the highest in US history.
Global state-owned investor ranking by size
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United States |
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China |
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UAE |
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Japan |
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Norway |
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Canada |
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Singapore |
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Australia |
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Saudi Arabia |
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South Korea |
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For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
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Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
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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.
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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.
“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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