Lukasz Herba talks to his lawyer Katia Kolakowska at a Milan court. Antonio Calanni / AP Photo
Lukasz Herba talks to his lawyer Katia Kolakowska at a Milan court. Antonio Calanni / AP Photo
Lukasz Herba talks to his lawyer Katia Kolakowska at a Milan court. Antonio Calanni / AP Photo
Lukasz Herba talks to his lawyer Katia Kolakowska at a Milan court. Antonio Calanni / AP Photo

Polish kidnap suspect says British model agreed to plot


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A Polish man charged with kidnapping a British model for ransom testified that she agreed to the scheme in a bid to boost her career, denying his previous statements that he was trying to make money for treatment of leukaemia.

Lukasz Herba, testifying in his own defence, said that 20-year-old Chloe Ayling did not know that the kidnapping plot was afoot when she came to Milan for a modelling job last July. But the defendant said that he revealed it to her when she arrived at the mock photographic studio, and that she agreed.

“She knew that when the scandal finished, she would earn lots of money,” he said through an interpreter.

Ms Ayling has previously said that she understands why people may doubt her story, but insisted she was "terrified" and certain she would die during the ordeal.

Prosecutors allege Mr Herba drugged the aspiring model and transported her in a canvas bag to a farmhouse where she was held for six days last July, at times handcuffed by her hands and feet. He was arrested after Mr Herba allegedly had a change of heart and released her at the British Consulate.

Mr Herba, 30, told the court that he met Ms Ayling over Facebook in 2015. Under questioning by his lawyer, he said they went out once together in England while she was pregnant. He told the court that that is when the kidnap idea was first hatched, but that she backed down after entering into a relationship.

He said that he contacted her again after seeing on Facebook that the relationship had ended, and then arranged through her agent for her to go to Milan and Paris for a modelling job in April 2017. He said he revealed the kidnapping plot to her at that juncture, but she refused because she did not like the venue where she would be staying.

Under cross-examination by the judge, Mr Herba said that Ms Ayling was convinced before going to Milan and to Paris that the modelling jobs were real.

Speaking softly, he denied his initial statements that he was ill to investigators and that he needed to earn money to treat his leukaemia. He also said he had made up both the Black Death group, which he claimed was behind the kidnapping and deep web auctions of women, and a series of Romanian co-conspirators.

He acknowledged building a website where women were advertised to the highest bidder and describing himself as a killer-for-hire who had worked for the FBI, CIA and Mossad, but said he only made these claims to draw attention to the site to bring greater notoriety when he would eventually kidnap Ms Ayling. He said the Black Death group was solely his invention.

He also said that his brother, whom Italy wants to extradite from Britain to face charges in the case, was convinced throughout that the kidnapping was real.

He testified that he changed his story now because Ms Ayling had backed out of a pledge to cast blame elsewhere in case of his arrest.

Prosecutor Paolo Storari asked the court for a psychiatric evaluation of the defendant, citing the many contradictions in his story.

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Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
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Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

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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Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
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Current number of staff: More than 150
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Profile of Tamatem

Date started: March 2013

Founder: Hussam Hammo

Based: Amman, Jordan

Employees: 55

Funding: $6m

Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media