Nicola Sturgeon, 52, has been released without charge pending further investigation, police in Scotland have said. PA
Nicola Sturgeon, 52, has been released without charge pending further investigation, police in Scotland have said. PA
Nicola Sturgeon, 52, has been released without charge pending further investigation, police in Scotland have said. PA
Nicola Sturgeon, 52, has been released without charge pending further investigation, police in Scotland have said. PA

Nicola Sturgeon: Scotland's former first minister released without charge


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Scotland’s former first minister Nicola Sturgeon has been released without charge pending further investigation after being arrested as part of a police probe into the funding and finances of the SNP, Police Scotland said on Sunday.

Police Scotland previously confirmed a 52-year-old woman was in custody but did not reveal her identity.

The police investigation is looking at what happened to more than £600,000 ($754,140) in funding that was raised by Scottish independence campaigners in 2017 and was supposed to have been ring-fenced, but may have been used for other purposes.

Ms Sturgeon said her arrest was “both a shock and deeply distressing” and added that she was innocent.

Police in the UK do not confirm the identity of suspects until they are charged. The woman was arrested “as a suspect in connection with the ongoing investigation into the funding and finances of the Scottish National Party”, police said.

However, a representative for Ms Sturgeon later confirmed that she had been arrested.

“Nicola Sturgeon has today, Sunday, June 11, by arrangement with Police Scotland, attended an interview where she was to be arrested and questioned in relation to Operation Branchform. Nicola has consistently said she would co-operate with the investigation if asked and continues to do so.”

The former SNP leader and first minister was arrested on Sunday “by arrangement” with Police Scotland.

The force said she was arrested at 10.09am and was released from custody at 5.24pm.

A report will now be sent to the procurator fiscal, Scotland's public prosecution service.

Police and media gathered outside Ms Sturgeon's home. Getty
Police and media gathered outside Ms Sturgeon's home. Getty

“To find myself in the situation I did today when I am certain I have committed no offence is both a shock and deeply distressing,” she said.

“I know that this ongoing investigation is difficult for people, and I am grateful that so many continue to show faith in me and appreciate that I would never do anything to harm either the SNP or the country.”

She said she was “innocent of any wrongdoing”.

“Obviously, given the nature of this process, I cannot go into detail,” Ms Sturgeon said.

“However, I do wish to say this, and to do so in the strongest possible terms. Innocence is not just a presumption I am entitled to in law. I know beyond doubt that I am, in fact, innocent of any wrongdoing.”

Ms Sturgeon stepped down as SNP leader and first minister in February after more than eight years in office.

Her husband Peter Murrell was arrested in April as part of the investigation into party financing and was later released without charge. Their Glasgow home was also searched during the arrest.

Mr Murrell stepped down from his role as the SNP's chief executive in March after a controversy over misleading information given to journalists on party membership numbers.

At the time of her husband's arrest, Ms Sturgeon said she would “fully co-operate” with police if required.

SNP treasurer Colin Beattie was also arrested and questioned before being released without charge.

In April, Humza Yousaf, who replaced Ms Sturgeon as first minister and party leader, denied rumours the party was heading for bankruptcy.

He said additional financial oversight and external input were “really important” amid a review into party finances, with a public report due in the autumn.

The SNP was “desperate” to appoint auditors, he said.

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Scores

Day 2

New Zealand 153 & 56-1
Pakistan 227

New Zealand trail by 18 runs with nine wickets remaining

Scores:

Day 4

England 290 & 346
Sri Lanka 336 & 226-7 (target 301)

Sri Lanka require another 75 runs with three wickets remaining

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SANCTIONED
  • Kirill Shamalov, Russia's youngest billionaire and previously married to Putin's daughter Katarina
  • Petr Fradkov, head of recently sanctioned Promsvyazbank and son of former head of Russian Foreign Intelligence, the FSB. 
  • Denis Bortnikov, Deputy President of Russia's largest bank VTB. He is the son of Alexander Bortnikov, head of the FSB which was responsible for the poisoning of political activist Alexey Navalny in August 2020 with banned chemical agent novichok.  
  • Yury Slyusar, director of United Aircraft Corporation, a major aircraft manufacturer for the Russian military.
  • Elena Aleksandrovna Georgieva, chair of the board of Novikombank, a state-owned defence conglomerate.
While you're here
UAE currency: the story behind the money in your pockets
UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

FIXTURES

Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan

The top two teams qualify for the World Cup

Classification matches 
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.

Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place play-off

TO A LAND UNKNOWN

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Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

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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.

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“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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TEAMS

US Team
Dustin Johnson, Jordan Spieth
Justin Thomas, Daniel Berger
Brooks Koepka, Rickie Fowler
Kevin Kisner, Patrick Reed
Matt Kuchar, Kevin Chappell
Charley Hoffman*, Phil Mickelson*

International Team
Hideki Matsuyama, Jason Day 
Adam Scott, Louis Oosthuizen
Marc Leishman, Charl Schwartzel
Branden Grace, Si Woo Kim
Jhonattan Vegas, Adam Hadwin
Emiliano Grillo*, Anirban Lahiri*

denotes captain's picks

 

 

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

Updated: June 12, 2023, 4:37 AM