France has opened an investigation after a former Rwandan spy chief, wanted for alleged crimes against humanity, was found in France by an investigative news organisation.
Aloys Ntiwiragabo was tracked down by Mediapart to Orleans, a city about 100km south-west of Paris, after the international agencies failed to find him.
Ntiwiragabo is a former Rwandan military official, identified by the International Criminal Tribunal for Rwanda (ICTR) as one of the architects of the country's 1994 genocide which claimed 800,000 lives.
Neither the ICTR, Interpol, France nor Rwanda were actively seeking him and had dropped arrest warrants years ago.
On Saturday, a new preliminary investigation was opened after Ntiwiragabo, the alleged head of Rwanda’s naval intelligence during the genocide, was found hiding in the suburbs of Orleans, antiterrorism prosecutors told AFP.
He is the second high-profile Rwanda genocide suspect found in France after Felicien Kabuga, was arrested on the fringes of Paris in May.
Kabuga, who evaded police in several countries for 25 years, is accused of financing the genocide.
He had asked for a trial in France, citing frail health and claiming the United Nations court in Africa would be biased against him, and possibly hand him over to Rwandan authorities. His appeal was dismissed.
He faces seven counts of genocide, complicity in genocide, direct and public incitement to commit genocide, among others, all in relation to crimes committed during the 1994 genocide against the Tutsi in Rwanda.
He was co-founder and chairman of Fonds de Defense Nationale, which prosecutors allege he used to funnel funds to the interim Rwandan government to pay for the genocide.
France has long been considered a hiding place for wanted Rwanda genocide suspects and French investigators currently have dozens of open cases.
A plane carrying President Juvenal Habyarimana, from Rwanda's Hutu majority, was shot down in Kigali on April 6, 1994, unleashing the killing spree that would leave mainly Tutsis but also moderate Hutus dead.
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Your rights as an employee
The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.
The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.
If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.
Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.
The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.
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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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Install an air filter in your home.
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Shower or bath after being outside.
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- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
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- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
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