#sotic

[ombiblombli]

#Yuzu #doobles #Society of the Infinite Children #SOTIC

[muldxr]

one line, any fic

Pick any 10 of your fics, scroll somewhere to the mid point, pick a line, and share it! Then tag 10 people.

I saw a few other people share so I felt like hopping on the trend with a mixture of short and long fics. I’ll tag (with no obligation, and a poor memory so this probably isn't 10 people?) @wabadabadaba @tommokat @hellolovers13 @so-why-let-your-voice-be-tamed @finelinegynandromorph @zanniscaramouche @louistomlionson @londonfoginacup

empty (900, nr) I hated that noise, and no, I would not let you go.

I-80 (250, T) The small gas station hums with old electricity; smells like bubblegum, money that’s changed hands one too many times, and chlorine.

hill country (11k, E) When Louis was younger, he was taught that boys are supposed to date girls, and girls date boys, and he isn’t dating Harry because they agreed they weren’t dating.

god, i hope i get it (250, M) “Ten minutes in heaven, whaddya say?”

after hours (16k, E) “Ah, it’s gone to voicemail, that’s fine— Hey, this is Louis. Listen…”

shuffle off this immortal coil (32k, M) “Aha!” Louis exclaims, suddenly being shushed into oblivion by the librarian.

greased lightnin’ (1k, nr) Harry tiptoes the best he can across the room, over messy suitcases and two pairs of Vans, until he is squarely across from Louis, and says, on a nervous exhale, “Okay, open.”

i am easy to find (4k, M) A figure sits by the window, cast in the moonbeams, whispering in a raspy tone as if he’d been crying, “They shut it off. We never paid last month’s bill.”

two much water (3k, E) The song dies down, with time enough before the next one for Louis to stick the microphone between his thighs and reopen the water bottle to finish it.

dark blue (5k, T) Harry shouldn’t be responsible for the lives of the entire world.

#this is half of everything i have 🫡 #fun!!!!! #the sotic quote is getting me 😅 it has nothing and yet everything to do with the plot #more to come :) #i think this is motivating me to actually write on tuesday

[made-with-magic]

Men should cry more often in movies

#im glad elvis cried when his mom died and when his wife left him! #it good to see men being sad in media! i didnt want any of the 'sotic man with singular tear running down his cheek with no emotions'

[thedivinevera]

Imagine diluc with a spy reader

(this is a shit post lol, I just got a hate comment because of this I think.. But again this quality is not my original lol)

So your mission is to seduce the great Master diluc to gain some information about him, you of course accept it because of how much money they will going to pay for your service(money is the reason we exist~) so you did your job, at first it's not easy dealing with your targets cold and sotic personality of him, but after some tries and fails you finally gain his trust, he start sharing something about you, Yada Yada and you know it

Now after some month (or years) of spying on him he finally reveal tha secret that he's the darknight hero, but he also confess his love for you, ofc you accept it why? Because it's kinda shady if you did not accept it after a lot of seducing, flirt and signals why you will going to dump him off🤨.

You live with him for momment you thought he did not know about your real identity not until

"hi diluc"

"hi s/n"

This surprise you how did he know your spy name(s/n)

"how?"

"well how I will not know when I am the one of hired you"

"...."

"I hired you because your interesting, I see your portfolio in a futai tent, it said there that you are a great spy and instead of creating a new personality you tend to use your original one, and I kinda like that"

"so let me get this clear you hired me because you like me"

"well not exactly like that but close"

"wtf"

#The priestress tells #diluc x fem!reader #yandere diluc #genshin impact x reader #diluc x reader

[nifretane]

Two am Rambles about ari ft mentioning her husband

Arianna had regrets when she died she truly believed she wasn't the best wife and that Henry could do better if he wanted to, she regretted how she treated him when they first Met because she felt like she was nothing more than a pawn in a game who wasn't in control of her life.

To ari it felt like Henry was the first person who even bothered getting to know her for who she is , even though he probably didn't have much of a choice it was the thought that counted to the woman. She was emotionally shut down since age 8 so having someone crack her cold exterior did make her feel better

Ari wasn't the first to fall head over heels for the other, in fact she was so emotionally stupid and constipated that she really thought he stayed for the money which she still slightly believed

Ari is amazing when it comes to hand to hand combat and combat with close range weapons. Guns on the other hand are something that she does struggle with which is funny , never bring a gun to a ari fight she will find a way to kill you before you kill her

During her final breaths she wanted to see her husband because she was genuinely scared. She was afraid of dying and she was afraid of leaving her children behind without her support.

Ari was always the more calmer parent until someone fucked with her babies then she became this creature who would probably kill you in front of your own family for touching a hair on her babies head

Ari was VERY emotional during her pregnancy terms this was probably from pent up years of being locked down and sotic and the factor her hormones were outta balance

Aris family was feared due to their cold hearted nature and how they would take care of others . Though if you were under their protection they would die for you quiet literally

#━━ ⟢ ˢᵒᵐᵉ ˢᶤᶰ ᵐᵘˢᵗ ᵇᵉ ᵈᵒᶰᵉ ⦂ ⋰ * ✧ ooc ˑ #long post about ari

[providencehq]

Black Knight is my only blorbo who falls out of the whole "child soldier later to be adopted by sotic, emotionally constipated older man" trope they have all seemingly fallen into HOWEVER I have fixed this by drastically warping her character in my silly reverse au for her

#she has been on my mind for days yet again #also im nearly done lining her evo piece and ive already started coloring #maybe thats why

[thepig]

common smoke break shennanigans

[text reads: the other managers don't understand your contemplative soticism. But I do.

If you fall may I have the last of that bobo?]

#dolores #osha #myrna #vaughn

[glapplebloom]

Spoilers: Where’s the Beef

Something I’ve been noticing since my last review was how critical I am when it comes to Ponies Vs when it comes to Sonic. Different teams. Different Properties. But it can’t just be because I’m a bigger Sonic fan than a Pony one. Besides Origins the Last Sonic Game I actually bought was Mania. And before that Generations. Meanwhile here I am following Gen 5 while re-reviewing all of Gen 4. So what gives.

I think the biggest factor is what I said Tuesday… I enjoyed the stories where characters who don’t have a lot to work with get the focus. This leads me to two conclusions: 1) My preference to have a tie-in story stick with canon 2) the Sonic Cast needs a lot more to work with. While there are times IDW’s stories don’t make sense, most of the time they’re perfectly harmless, so that leads me to conclusion 2.

Sonic is the main character of the Franchise. And the most we know about him is he’s blue, he’s fast, and he likes helping people. One of my favorite Sonic Stories from the Games comes from Sonic and the Black Knight where we see Sonic’s expressing the two most important traits for him: his desire for freedom and his need to help others. IDW I believe does a good job at this as well as showing how those same positive traits can be a negative.

He wants to give people a chance. It worked with the likes of Knuckles and Shadow but failed with Eggman and Metal. And because he kept him alive, the Metal Virus event happened.  As difficult of a situation it was, Sonic kept true to himself and eventually did help fix the mess giving Eggman that much freedom. But while Sonic has mandates to keep him from being more to work with, others don’t have that problem.

The Pre-06 Timeline showed just how well Sonic’s Cast of Friends can work. Tails develops to be his own hero. Knuckles is sotic and can be enjoyable at times. The Shadow Trilogy showed a pretty interesting story for the Edgy Hedgehog. Even 06 gave Silver some interesting developments that could be a good story. Then after it, it was only Sonic all the time. Sure, there was Chip, but most of the time it was less about the story and more about the game.

With the Comics, they can explore things that the games won’t. For example, a recent comic has an interaction with Blaze and Knuckles. Two guardians with one asking for advice from the other. It's such a great interaction that you just don’t see in the games. By having stories where they don’t have to worry about Eggman, we get to learn more about these characters as actual people than playable avatars. 

So that’s basically why I enjoy IDW Sonic more than IDW Ponies. Is it me saying Sonic’s Crew need more fleshing out? Probably. But at least we’re still getting stuff from both franchise.

#other

[xpresstopp]

Pawan Hans Sale: Cayman Islands company in winning bid allegedly fronted for notorious businessman from Zimbabwe

On 16 May, these reporters published in The Wire and NewsClick an article investigating the antecedents of a consortium of three companies that came together to set up Star9 Mobility Solutions Private Limited, which was announced as the winner of the auction to acquire Pawan Hans Limited, the public-sector helicopter service provider. The article pointed out that little information was available in the public domain about the Cayman Islands registered Almas Global Opportunity Fund (AGOF), the largest stakeholder in Star9 Mobility.

In this report, we detail the association between AGOF and Kudakwashe Tagwirei, a controversial businessman from Zimbabwe who has been sanctioned by the governments of the United States of America and the United Kingdom. For several years, AGOF acted on behalf of Tagwirei and continued to do so even after sanctions were imposed on him.

Described as Zimbabwe’s “Queen Bee,” Tagwirei is an adviser to Zimbabwean President Emmerson Mnangagwa and is said to be close to the ruling ZANU-PF (Zimbabwe African National Union-Patriotic Front). In a report in the Daily Maverick, a South African newspaper, former Zimbabwean Finance Minister Tendai Bitihas described Tagwirei as a person who controls that country’s food industry, 60% of its gold mines, two of its largest banks, and its sole gold refinery. Announcing the imposition of sanctions on Tagwirei in August 2020, the then US Secretary of State Mike Pompeo described him as a “notoriously corrupt businessman” who had assisted “senior Zimbabwean government officials involved in public corruption.”

Tagwirei and his wife own Sakunda Holdings which started by retailing fuel before diversifying its operations. Before Robert Mugabe stepped down as President of Zimbabwe in 2017 and soon after Mnangagwa became the country’s President, Sakunda received more than $1.6 billion (that was 9.1% of Zimbabwe’s GDP in 2017) worth of government contracts and procurement deals in sectors such as oil, minerals, banking, logistics, transportation, and foreign trade. The company has associates in South Africa, Singapore, Mauritius, and the Cayman Islands and has bank accounts in Switzerland. The web of offshore entities that supports Tagwirei’s business empire prominently includes AGOF, the majority stakeholder in the Pawan Hans privatisation deal.

How Almas Global acted for Tagwirei

From 2019 onwards, Sotic International Ltd, a Mauritius-registered trading company, went on a “mine-buying spree” in Zimbabwe, reported the Financial Times. Sotic was Tagwirei’s holding company where his accumulated wealth was allegedly hidden. In July 2021, The Sentry, a US-based anti-corruption not-for-profit organisation, released a report on Tagwirei’s alleged illegal activities (including money laundering), in which AGOF’s role has been elaborated on. According to The Sentry and various reports published by Bloomberg and the Financial Times in 2021, AGOF holds the majority stake in Sotic on behalf of Tagwirei.

The Sentry reported that Capital Horizons, a Mauritius based financial advisory firm with Magalingam Reddy and Shaan Kundomal at its helm, advised and helped Tagwirei create a complicated corporate structure to avoid scrutiny by banks and regulators. On the advice of Shaan, in October 2019, Sotic issued 9,000 convertible debentures to AGOF. Capital Horizons then arranged a subscription agreement and an assignment deed between Tagwirei and AGOF, which then sent $8.4 million to Sotic to acquire a 65 per cent stake in the company.

The chart above has been extracted from the report by The Sentry. It describes AGOF’s links with Sotic International.

AGOF’s representative refused to comment on the transaction to Bloomberg and stated: “As per the legal obligations which the fund has to abide, it cannot comment on any of its relationships in any manner whatsoever. We can confirm that the fund is committed to being responsible in all its legal and compliance obligations as a financial entity and adheres to all local and international laws.”

Interestingly, this is the same stand that AGOF took in the National Company Law Tribunal while refusing to disclose its source of funds and its subscribers or actual beneficiaries, which was elaborated on in our earlier article. In a subsequent email response to Bloomberg, AGOF said it has investors from the Persian Gulf, Latin America and India but refused to disclose their identities citing legal restrictions.

Amardeep Sharma, the managing director of AGOF, responded to the Financial Times, stating: “There is no relationship between the subscriber and the investee company in fund investments, and the fund cannot assign assets to individuals. To the best of my knowledge, [Tagwirei] does not control Sotic.”

AGOF supported Tagwirei even after US sanctions

On 5 August 2020, the US government sanctioned Tagwirei for utilising “his relationships with high-level Zimbabwean officials to gain state contracts and receive favoured access to hard currency, including US dollars.” In turn, Tagwirei allegedly “provided expensive cars to senior government officials.” An audit report prompted a parliamentary inquiry in 2019, which revealed that the Zimbabwean government had failed to account for about $3 billion disbursed under agriculture programmes championed by President Mnangagwa and largely financed by Sakunda Holdings. Soon after the US sanctions, the government of the United Kingdom also imposed sanctions on Tagwirei.

After sanctions were imposed by the US government, Tagwirei and the Zimbabwe government made various moves. The Sentry has disclosed a letter sent by Sotic in August 2020 to the directors of AGOF and another entity called Pfimbi Limited (that holds Sotic’s 35% of shares) to consider a proposal to set up a Zimbabwe-based subsidiary that would hold Sotic’s mining assets. The letter added that this was on account of the “negative press” received and because of the “increased international scrutiny” on Sotic.

In December 2020, the Zimbabwean government announced the formation of a public-private partnership company, Kuvimba Mining House Limited, that would hold some of Zimbabwe’s most valuable gold, platinum, chrome and nickel mines. The revenue generated by this firm was to be used to revive the country’s moribund economy and create a “safer platform” that would avoid the effects of the US sanctions.

Shareholding Pattern of Ziva Resources, Published by the Sentry

The Zimbabwean government-owned Herald quoted the country’s Finance Minister saying that the government holds 65% of Kuvimba through various government funds and other entities, while 35% is with Ziwa Investments, the Zimbabwean subsidiary of a Mauritius-registered company named Quorus. The government in Harare vehemently denied that Tagwirei had any involvement with Kuvimba.

The Sentry report noted that, surprisingly, the name of Kuvimba did not appear in the company registry of the government of Zimbabwe. Ziwa Investments, too, did not appear in the company records of the Mauritius government. However, an entity named Ziwa Resources did appear in the Mauritius government’s records. Interestingly, 65% of Ziwa Resources was owned by Almas Global Opportunity Fund, and the rest was in the hands of the Zimbabwe-registered Pfimbi Resources, whose directors were Tagwirei and his wife. It also turned out that Quorus and Ziwa Resources had the same directors, and they were closely associated with Tagwirei.

Infographic published in The Sentry’s report explains AGOF’s connection with the US sanctioned businessman in 2021.

In October 2021, the Financial Times quoted AGOF’s representative saying that Tagwirei doesn’t own shares in the fund anymore and that Almas was trying to get out of its investments in Zimbabwe. In a detailed recorded interview to this reporters on 27 May, Amardeep Sharma said that AGOF is still trying to exit its investments in Zimbabwe.

How much did the Indian government know?

On 16 May, the day we published our investigation into the antecedents of the buyers of Pawan Hans, various publications and websites reported that the privatisation of Pawan Hans had been “put on hold” by the Indian government. The reports added that the Department of Investment and Public Asset Management (DIPAM) in the Ministry of Finance was conducting a legal examination of an adverse order against AGOF by the NCLT (National Company Law Tribunal) that our previous report covered in detail and that the “letter of award” to the winning bidder, Star9 Mobility, would be issued only after the examination was concluded.

On 18 May, it was reported that AGOF would challenge the NCLT order in the National Company Law Appellate Tribunal (NCLAT), saying that the NCLT order was “abrupt and a bit premature.” The Economic Times quoted the fund’s spokesperson as saying, “AGOF is a fund with a pristine reputation.”

Almas Global’s reputation, however, may not be as pristine as it claims

Was this information known to the Narendra Modi government while it evaluated the bid by Star9 Mobility (in which AGOF holds the largest stake of 49%) to acquire Pawan Hans and found it to be the best and highest offer? Did DIPAM and other agencies of the Indian government that was involved in the evaluation of the bids know the identities of the real investors and ultimate beneficiaries of AGOF? Does Almas Global still have links to Tagwirei? Did the other two partners in the Star9 Mobility consortium – Maharaja Aviation Private Limited and Big Charter Private Limited – know about the source of funds for AGOF?

This is not the first time a disinvestment exercise of the Government of India has come under scrutiny after completion of the process because of allegations against the reputation of the winning bidder. In January this year, the government had pulled the brakes on the privatisation of Central Electronics Limited (CEL) after its employees’ union moved court against the sale of the company to a little-known firm.

Did the government violate its own norms?

There are two government documents that suggest that allowing the sale of Pawan Hans to Star9 Mobility would constitute a violation of government rules.

The first is in an Office Memorandum issued by the Government’s Ministry of Disinvestment in 2001 (the ministry was shut down and merged into the Finance Ministry in 2004 as an independent department, which is now named the Department of Investments and Public Asset Management or DIPAM). The memorandum, which is included as a part of a DIPAM document titled “Guidelines for Qualifications of Bidders” applies generally to all disinvestments of government owned enterprises.

The memorandum (No. 6/4/2001-DD-II dated 13 July 2001) states that “any conviction by a Court of Law or indictment/adverse order by a regulatory authority that casts doubt on the ability of the bidder to manage the public sector unit when it is disinvested, or which relates to a grave offence” would disqualify a bidder in the disinvestment of a public sector enterprise. The memorandum adds that an appeal against such an adverse order would not overturn the disqualification as long as the appeal is pending.

On this ground alone, the order by the NCLT appears to fit the criteria of being an adverse order by a regulatory body that casts doubt on the ability of Almas Global to manage Pawan Hans. That Almas Global has announced that it will appeal the order before the NCLAT should not affect its potential disqualification. According to the procedure laid out in the memorandum, the government has to send a show-cause notice to Almas Global asking why it should not be disqualified from bidding for Pawan Hans.

Then comes the issue of financial eligibility. The government has not yet clarified whether Star9 Mobility was an eligible bidder before it was declared the winning bidder. The preliminary information memorandum for inviting expressions of interest in the “strategic disinvestment” of shares of the government of India in Pawan Hans stated that “Alternative Investment Funds (AIF) registered with (the Securities and Exchange Board of India) SEBI as per SEBI (Alternative Investment Funds) Regulations, 2012 are eligible to participate in the bid provided the concerned AIF has obtained “all statutory approvals” from the relevant ministry in the government of India, the Foreign Investment Promotion Board, the Directorate General of Civil Aviation, the Reserve Bank of India and so on.

An excerpt from the Preliminary Information Memorandum of Pawan Hans Limited. The document lists the eligibility criteria for the IBs

An additional criteria for AIFs is the definition of its net worth. While the bid conditions demanded that the collective net worth of the winning bidder be more than Rs. 300 crore, in the case of the Star9 Mobility Consortium, the net worth requirement had to be entirely covered by Almas Global’s net worth, as we detailed in our previous article. In clarifications that have appeared in the media quoting anonymous government officials, it has been reported that Almas Global provided documentation of its net worth being Rs. 691 crore.

However, the eligibility criteria state that in the case of an AIF, “net worth shall be substituted by maximum permissible investment limit for that particular AIF [as per SEBI (Alternative Investment Funds) Regulations, 2012] in a single investee entity.” This limit would be “considered as per independent chartered accountant/statutory auditor’s certificate not older than 3 months” from the date of the issue of the preliminary information memorandum.

Almas Global Opportunity Fund claims to be an Alternative Investment Fund (AIF). However, as of the night of 26 May, Almas Global’s name cannot be found in SEBI’s list of registered AIFs. How then did the government allow a non-registered AIF to participate in the bid? How did the government arrive at a figure for Almas Global’s maximum permissible investment limit? Who was the independent chartered accountant/statutory auditor that issued a certificate of this investment limit for Almas Global? Was the “statutory auditor” determined based on the statutes of the Cayman Islands (where Almas Global is registered), or as per India’s statutes?

As of 26 May 2022, Almas Global Opportunity Fund is not among the registered AIFs on the SEBI’s website

To sum up, Almas Global and the Star9 Mobility consortium of which it is the lead member may have faced disqualification as a bidder for Pawan Hans on account of an adverse order against it, and may not have been eligible in the first place due to not being registered as an AIF. Did Almas Global get special preference? If it did, was this not against the norms set by the government? Who recommended and approved such preferential treatment?

We sent ten questionnaires by email at noon on 25 May to the following individuals for a response:

Union Minister of Civil Aviation Jyotiraditya Scindia

Secretary, Civil Aviation, Pradeep Singh Kharola

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman

Minister of State for Finance and Corporate Affairs Pankaj Choudhary

Finance Secretary Dr TV Somanathan

Minister for Road Transport and Highways Nitin Gadkari (who, along with Sitharaman and Scindia is a member of the Cabinet Committee on Economic Affairs that approved Star9 Mobility’s bid for Pawan Hans)

Secretary, Department of Investment and Public Asset Management, Ministry of Finance, Tuhin Kanta Pandey

Captain Sanjay Mandavia of Big Charter

Sumit Sawhney of Maharaja Aviation

Amardeep Sharma of Almas Global Opportunity Fund

Response from Amardeep Sharma

At around 4 pm on the same day, Amardeep Sharma, who is based in Dubai, responded by contacting one of the authors over the phone. Sharma said that Almas Global Opportunity Fund has received the necessary regulatory clearances for the Pawan Hans deal, and that the fund has nothing to do with Tagwirei of Zimbabwe. Sharma added that he is confident of acquiring a controlling interest in Pawan Hans Limited, and that he would make it into a better company and employ many more people. Sharma said being from a small town in India (Korba, Chhattisgarh), he is a patriot, and wants India to receive foreign investments.

In a subsequent written response Sharma added the following statements :

“Almas Capital Limited is the 100% management shareholder and the Fund Manager of Almas Global Opportunity Fund. Almas Global Opportunity Fund has around USD 550 million worth of assets under management, and it has invested across the globe including exposure in the Indian markets. It has a substantial amount of liquid assets (market securities). I would disagree [with terming Almas Global a “shell company”],..Almas Global opportunity fund is more than 4 years old, a broad-based, well-diversified fund, and has invested across the globe in multiple asset classes, which has huge exposure in India.

I am not part of Almas Capital Limited or Almas Global Opportunity Fund anymore. Almas Global Opportunity Fund has two directors as required by the Cayman Islands. Almas Capital Limited manages the Fund. Vishal Rana is the director of Almas Capital Limited. AGOF has no relationship with Mr Kudakwashe Tagwirei, as he is not a subscriber of the Fund. The Fund has stringent compliance and code of conduct policies for its subscribers. We are in the process of exiting from Ziwa resources. We have not and cannot disclose the subscribers’ names as such information is confidential. We are a private fund. We are not a Foreign Portfolio Investment (FPI) company or fund, so we don’t have to be registered with SEBI. The Foreign Portfolio Investment Companies get registered with SEBI.”

After his written response, Sharma consented for an interview via video-conferencing. The full edited transcript of our interview with Sharma will be published.

Ministry of Civil Aviation seeks response from DIPAM

While we did not receive any answers to the questions we sent to government officials and ministers, at around 10:20 am on May 27, one of the authors was CC-ed on an email sent by an official in the Ministry of Civil Aviation to officials in the DIPAM and to employees of SBI Capital Markets. (SBI Capital Markets has been appointed as the transaction adviser for the entire process of disinvestment of Pawan Hans) The email forwarded to the DIPAM and SBI Capital Markets officials has the questionnaire sent by one of us to the secretary of the ministry of civil aviation.

“Reference trailing email, it is requested to furnish requisite information on the questionnaire…urgently”

No information was furnished by DIPAM or by SBI Capital Markets until publication. This article will be updated as soon as we receive further responses.

James Battles

[ombiblombli]

#Seb #Oc #Doobles #Society of the Infinite Children #SOTIC

[mailandguardian]

RBZ fingered in Illicit Financial Flows again

Zimbabwe Reserve Bank has once again been figured in illicit financial flows barely three months after his office was dragged in the Gold Mafia expose. In a report that exposes Emmerson Mnangagwa's ally and campaign funder Tagwirei, the Reserve Bank of Zimbabwe is suspected to move funds from its coffers to the city of London. "A politically-connected oil tycoon moved suspect funds from the Reserve Bank of Zimbabwe (RBZ) to the City of London using fronts, false invoices, and offshore financial façades, documents reveal" The collaborative investigative documents reveal how South African and Mauritian enablers helped move millions from Zimbabwe to Britain since 2019. "In 2019, Zimbabwean presidential advisor Kudakwashe Tagwirei used Sotic International, a Mauritian company that documents reveal acted as his front to disguise his involvement, to buy two Zimbabwean mines—Bindura Nickel and Freda Rebecca Gold Mine—for $29.5 million (R431 million, £23 million) from ASA Resource Group (ASA), a bankrupt firm that was being run by British company administrators Duff & Phelps (now known as Kroll)" "At the time of the purchase, accusations of corruption and cronyism had already been swirling around Tagwirei for years. South African directors, Mauritian company agents, and offshore financiers —all of whom deny that their work for Sotic involved wrongdoing—created structures that had the effect of disguising where the money came from" reads the investigative piece During the period when Sotic was getting the funds together to pay the £2.3 million deposit, Sotic's Zimbabwean subsidiary, Landela Investments, obtained hard currency from the RBZ at a favourable exchange rate when cashing in a $60 million portion of a large Treasury Bill given to Sakunda, telling the RBZ that some of the funds were needed to buy Bindura Nickel. Tagwirei and the RBZ deny that the rate was favourable. "Landela Investments applies to the RBZ to cash in part of the $366 million Treasury Bill at the official exchange rate of 1:5.5, rather than the 1:1 rate stipulated by SI 33" In June 2019 the Reserve Bank introduced the Real Time Gross Settlement (RTGS) dollar is introduced. Statutory Instrument 33 (SI 33) specified that with a few exceptions, assets and liabilities that had been denominated in US dollars would be converted into RTGS dollars at a rate of 1:1

#rbz

[daviddean78]

About Zimbabwe’s Scarce Dollars

Documents obtained by OCCRP show that the same month the RTGS was made Zimbabwe's official currency, Tagwirei acted quickly to withdraw US dollars from government securities issued to his company . Check more about the Jozef Behr. These securities, known as financial bills, should have been paid out only when they matured, but Tagwirei was allowed to issue the money ahead of time.

This favorable treatment allowed Tagwirei the probability that his treasury bill would be worth only a fraction of its face value when it matured. The impending collapse of RTGS was clear; even the Zimbabwean government acknowledged it. "Since its adoption, the RTGS Dollar has continuously lost value at ... 1 percent per day,” said the Minister of Finance and Economic Development. “Alongside devaluation is rampant inflation."

As Zimbabwe's new currency dwindled, Tagwirei used the tens of millions of US dollars he received to raise funds to buy a major mining project with his company Landela Mining Ventures (Pvt) Ltd, a subsidiary of the His holding company Sotic International was established. in Mauritius in February 2019, the same month the RTGS was launched. "Landela's whole point was to get the treasury bill money out of Zimbabwe and into Sotic, where it was used to get the biggest mines and mines in Zimbabwe," said Fourie, the insider who has since left the Tagwirei team, to OCCRP.

By hoarding scarce US dollars, Tagwirei companies exacerbated the country's economic problems. "There were only so many dollars in the country and they squandered it by cheating," Tendai Biti, Zimbabwe's former finance minister, told OCCRP. As the initially valued pseudo-currency began to lose value, the Tagwirei team tried to extract more dollars, but as they did so, experts said they weakened the RTGS and caused their currency falls faster.

#jozef behr #jozef clifford behr

[yorgunherakles]

pythagoras, democritus ve anaxagoras gibi filozoflar devlet yönetiminden ayrılarak kendilerini tümüyle nesnelerin bilgisine adadılar.

cicero - de oratore

#Marcus Tullius Cicero #pythagoras #democritus #anaxagoras #philosophy #greek philosophy #sotic #stoa #stoic philosophy #literary #literatüre #library #theory #trend #psikea #law #lawyer #hukuk #felsefe #felsefe notları #felsefi sözler #okuma parçaları #okuma notları #edebi sayfalar #music #notla #notlar

[detroitammoco]

Our friends @chalk1munitions 300 AAC BLK subsonic testing at distance. 3,400’ elevation and 29 degrees Fahrenheit. Want some? 👇 - www.Detroitammoco.com #chalk_1_munitions_llc #veteranowned #combatinfantry #oef #oif #sotic #ddm #maga #guywithguns #girlsthatshoot #3gun #3gunnation #pistols #rifles #shotgun #suppressor #suppressednat #guy #girlstuff #9mm #pistols #invest #guysthatshoot #girlsthatshoot #tatoo https://www.instagram.com/p/B2Z6AMAHd7o/?igshid=fcbukr9n2f2h

#chalk_1_munitions_llc #veteranowned #combatinfantry #oef #oif #sotic #ddm #maga #guywithguns #girlsthatshoot #3gun #3gunnation #pistols #rifles #shotgun #suppressor #suppressednat #guy #girlstuff #9mm #invest #guysthatshoot #tatoo

[edwardashley]

I bit [my lover] until blood flowed. I was hoping to make him scream; his insensitivity conquered me. But I know I would go so far to rip my friend’s flesh and lose myself in the irreparable carnage wherein i would preserve reason and know the exultation of the fall. "May the signs of it grow on me," I said to myself, "long nails and hair, sharp teeth, drool; and despite my bites may he persevere his indifferent expression, for the sign of really great pain would immediately make me loosen my jaws and beg his pardon." When my teeth bit into his flesh my jaws clenched until they trembled and made my whole body shudder. I'm in a fury and yet how tenderly I loved my little fisherman from Le Suquet.

Jean Genet, The Thief’s Journal

#this concept is getting integrated in to the carnivale fic im working on BUT #im also thinking abt an AU of where when hickey kills gibson #he DOESNT maintain that choked stoicism #how would hickey have reacted if he had cried out/flailed/screamed EVEN SAID SOMETHING TO HIM #OR GOD FORBID TURNED AROUND #goodsir is there too so it would have been like a whole thing #like idk Gibsons soticism sort of signals his Agreement ot Hickeys actions #but if this man who he loves told him in his dying breath he was Wrong #and reminded him exactly of the love he was losing #hm #genet liveblog

[elektrikbuyucusu]

#pinterest #meneksekahve #meteerpeginhutamesi #kronikkararyetmezligi #piercing-lover #asenabiyon #romantikparis #lolipopludondurma #sen17yasimsin #hutame #gecenintenhasi #grianilar #elektrikbuyucusu #damakkesenlolipop #sotic #socotic #hemoglobin #iloveyou #abstractful #abduction #mirror #hat