First verdict due in fatal India gang rape trials


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NEW DELHI // An Indian court is expected to deliver the first verdict this week on one of five suspects tried over the fatal gang-rape of a student, which triggered outrage and protests across the country.

A juveniles' court in New Delhi has finished hearing the case of the youngest suspect, who was 17 at the time of the horrific assault on the 23-year-old woman on a moving bus in the capital.

Principal Magistrate Geetanjli Goel had been expected to announce the verdict to a packed court on July 11, but deferred her decision on the case until tomorrow.

The victim's family has called for the teenager to be tried as an adult, alongside five men initially arrested over the assault on December 16.

"He committed the worst crime and even if he is a minor, the accused should not be allowed to walk free after three years," the victim's father told AFP this week, referring to the maximum sentence the juvenile could receive.

The medical student was allegedly beaten, raped and tortured with an iron rod by six people, after getting onto the bus with a friend as they made their way home from the cinema.

She died two weeks later from internal injuries inflicted during the attack, a crime that brought simmering anger about endemic sex crime in India to the boil.

Several weeks of sometimes violent protests spurred parliament to pass a new law toughening sentences for rapists, while public soul-searching sought answers to the rising tide of violence against women.

The adults and the juvenile were charged with murder, rape, kidnap, robbery and conspiracy.

The trial of the four adults continues in a separate court and is expected to wrap up in the next few months. They face possible death sentences if convicted. The fifth adult, alleged ringleader Ram Singh, died in jail in an apparent suicide in March.

If found guilty, the teenager, a runaway who reportedly left home aged 11, can be sent to a correctional facility for a maximum three-year term, which includes the time he has already spent in custody.

The teenager, the youngest of six children according to his mother, was employed to clean the bus allegedly used for the attack and often slept rough or inside the vehicle, reports say.

He has denied any involvement in the crime.

The maximum sentence of three years is likely to cause further outrage in India, where the suspects are public hate figures.

Earlier this month a court found the juvenile guilty of robbing a carpenter who had boarded the same bus as the student earlier in the evening.

Public prosecutor Madhav Khurana said that the robbery case was separate from the alleged gang rape.

"He (the juvenile) has been found guilty in the robbery case but the verdict on the gang rape case will be on July 25," he told AFP.

Since the December incident, dozens of rapes of Indian women and foreign tourists have been highlighted in the media. The December attack forced India to confront the reality that women are often blamed for the crimes committed against them, forcing many to keep quiet and discouraging them from reporting attacks to authorities.

Activists say passing new, strong laws is not enough, and that the government must ensure that police and the justice system respond swiftly and efficiently to crimes against women.

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Saturday, February 19: 10am - Oman v Canada, Nepal v Philippines; 2pm - UAE v Germany, Ireland v Bahrain

Monday, February 21: 10am - Ireland v Germany, UAE v Bahrain; 2pm - Nepal v Canada, Oman v Philippines

Tuesday, February 22: 2pm – semi-finals

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Gender equality in the workplace still 200 years away

It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.

The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.

But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.

At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.

The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.

After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.

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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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The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

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