Prosecutors argued that, if set free, Andrew and Tristan Tate could have exercised 'psychic control' over people they are accused of trafficking. AP
Prosecutors argued that, if set free, Andrew and Tristan Tate could have exercised 'psychic control' over people they are accused of trafficking. AP
Prosecutors argued that, if set free, Andrew and Tristan Tate could have exercised 'psychic control' over people they are accused of trafficking. AP
Prosecutors argued that, if set free, Andrew and Tristan Tate could have exercised 'psychic control' over people they are accused of trafficking. AP

Influencer Andrew Tate loses appeal against further detention


Gillian Duncan
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Influencer Andrew Tate and his brother Tristan have lost appeals against a decision to extend their detention by another 30 days.

The court in Romania rejected four appeals and the pair will remain in custody until February 27 while prosecutors continue investigating the case, said Ramona Bolla, a spokeswoman for Romania’s Directorate for Investigating Organised Crime and Terrorism.

The British-American citizen, who has 4.7 million followers on Twitter, was arrested on December 29 on charges of being part of an organised crime group, human trafficking and rape.

Responding to a journalist’s question as he arrived at the Bucharest Court of Appeal, Tate, 36, shouted: “You know I am innocent.”

The brothers have been remanded in custody since.

Two Romanian women connected to the case ― Georgiana Naghel and Luana Radu ― are also in pretrial detention.

Prosecutors argued that, if set free, the brothers could have exercised “psychic control” over people they are accused of trafficking.

Tate rose to notoriety in 2016 when he was removed from reality TV show Big Brother over a video that appeared to show him hitting a woman with a belt.

The former kickboxer has said women are partly responsible for being raped and that they belong to men. He is a self-professed misogynist.

On a podcast last year, he said he started making money when he lived in London by convincing girlfriends to videochat and share the profits.

Police officers escort Andrew Tate, handcuffed to his brother Tristan, to the Court of Appeal in Bucharest, Romania. AP
Police officers escort Andrew Tate, handcuffed to his brother Tristan, to the Court of Appeal in Bucharest, Romania. AP

“How can I use these women to make me money?” he said.

After the Tates and the two women were arrested, Romania’s Directorate for Investigating Organised Crime and Terrorism said it had identified six victims in a human-trafficking case who had been subjected to “acts of physical violence and mental coercion” and had been sexually exploited by members of the alleged crime group.

The agency said victims were lured in but later intimidated, kept under surveillance and subjected to control tactics while being coerced into engaging in pornographic acts for financial gain.

In January, Romanian authorities descended on a compound near Bucharest where the Tates were staying and towed away a fleet of luxury cars that included a Rolls-Royce, Ferrari and Porsche.

They reported seizing assets worth an estimated $3.9 million. Tate unsuccessfully appealed against the seizures.

Prosecutors have said that if they can prove the owners gained money through illicit activities such as human trafficking, the assets would be used to cover the expenses of the investigation and to compensate victims.

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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.”

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Top 10 in the F1 drivers' standings

1. Sebastian Vettel, Ferrari 202 points

2. Lewis Hamilton, Mercedes-GP 188

3. Valtteri Bottas, Mercedes-GP 169

4. Daniel Ricciardo, Red Bull Racing 117

5. Kimi Raikkonen, Ferrari 116

6. Max Verstappen, Red Bull Racing 67

7. Sergio Perez, Force India 56

8. Esteban Ocon, Force India 45

9. Carlos Sainz Jr, Toro Rosso 35

10. Nico Hulkenberg, Renault 26

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Updated: February 01, 2023, 5:53 PM