Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

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Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

Monday, January 12, 2009

Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal breach of trust (Section 406 of IPC), criminal conspiracy (Section 120-B), cheating (Section 420), falsification of records and forgery (Section 468), and fraudulent cancellation of securities (Section 477-a), they face up to ten years imprisonment if convicted.

After 18 hours of interrogation by the Crime Investigation Department (CID) at the state police headquarters, the Raju brothers were sent to the Chanchalguda prison and slept Saturday night on the floor along with 26 other low-risk inmates.

S. Bharat Kumar, the Rajus’s lawyer, asked the magistrate to issue orders for health monitoring. “His blood pressure is fluctuating and he needs medical treatment,” said Bharat Kumar. Mr. Raju appeared before the court Saturday while a team of doctors visited him after he had complained of chest pain.

Raju has Hepatitis-C, and both brothers have high blood pressure, so health precautions are necessary while imprisoned. Prison rules mandate service of jail food thrice a day. The menu includes 650 gm of rice thrice a day with 250 gm of vegetable curry and 125 gm of ‘daal’ plus tea twice a day.

Satyam’s chief financial officer Vadlamani Srinivas, who was also arrested Saturday, had undergone preliminary investigation and appeared Sunday before a special court, according to A. Sivanarayana, Andhra Pradesh additional director general of police. Srinivas was remanded to judicial custody until January 23 by Mr. D. Ramakrishna, Sixth Chief Metropolitan Magistrate, and sent to the Chanchalguda jail with the Raju brothers after interrogation by CID’s Crime Branch (the CB-CID). During his Saturday night arrest and probe by CB-CID, Srinivas made revelations which are contained in his confession letter as submitted to Network 18. “According to me fixed deposits are unreal and fictitious which were managed and was an understanding between the audit section management,” Srinivas stated.

The Hyderabad court on Monday postponed the bail hearings of the Raju brothers and Srinivas to January 16. To be defended by a battalion of 25 lawyers, the three accused will remain in Chanchalguda Central Jail until further court order. The Raju brothers were shifted Sunday to a mid-size Old Hospital Barrack cell shared with a bootlegger.

Contents

  • 1 The offences
  • 2 About Satyam Computer Services
  • 3 Impact on Satyam Computer Services finances and reactions
  • 4 Related news
  • 5 Sources

In 2008, the company struggled to purchase two infrastructure companies founded by family members of company founder and CEO Dr. Raju – Maytas Infrastructure and Maytas Properties – for $1.6 billion, despite concerns raised by independent board directors. Dr. Raju tendered his resignation on January 7 after due notice of falsified accounts to board members and the SEBI.

Since January 7 when two lawsuits were commenced, dozens of other class action law suits were filed against Satyam for hundreds of millions of dollars damages based on fraud in the United States District Court for the Southern District of New York in Manhattan, among others. The securities fraud class-action lawsuits have been filed on behalf of investors who bought Satyam American Depositary Receipts (ADRs) since 2004.

On Wednesday Dr. Raju admitted to falsifying and overstating Satyam’s cash reserves by $1B US dollars (£661m) or 94% of its cash and bank balances on books at the end of September.

The fraud was perpetrated several years ago to bridge “a marginal gap” between actual and accounting books operating profits, and continued for several years. “It was like riding a tiger, not knowing how to get off without being eaten,” B. Raju said.

In a letter to the board, Dr. Raju said that neither he nor the managing director had benefited financially from the inflated revenues. Further claiming that none of the board members had any knowledge of the dire company situation, he noted that Satyam’s balance sheet as of the September 30, 2008, carried inflated figures for cash and bank balances of INR 5,040 crore (as against INR 5,361 crore reflected in the books). He alleged it also carried an accrued interest of INR 376 crore which was non-existent. He confessed that he himself prepared an understated liability of INR 1,230 crore on account of funds amid an overstated debtors’ position of INR 490 crore (as against INR 2,651 crore in the books).

Indian analysts have compared the Satyam-Raju scandal to the infamous American Enron scandal. Immediately following the media expose, PricewaterhouseCoopers, auditor of Satyam’s accounts, was set to be probed for complicity in the controversy. Times Now has reported that the Andhra Pradesh CID arrested PricewaterhouseCoopers (PWC) representative Gopal Krishnan for investigation on Saturday night.

New York-listed Satyam Computer Services Ltd., India’s fourth-biggest software firm, is a consulting and information technology services company based in Hyderabad, India. Founded in 1987 by Dr. Byrraju Ramalinga Raju, Satyam’s network spans 67 countries on six continents. It employs 53,000 professionals in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia. Its monthly salary outflow is estimated at six billion rupees ($125 million). Deriving more than half of its revenues from the United States, it serves 700 global companies, 185 of which are Fortune 500 corporations.

Satyam’s clients include Nestle, Ford, General Electric Co., General Motors Corp., Nissan Motor Co., Applied Materials Inc., Caterpillar Inc., Cisco Systems Inc. and Sony Corp., and brought in about $40bn last year.

In December 2008, a failed acquisition attempt involving the company Maytas led to a plunge in Satyam’s share price. After Wednesday’s confession, Satyam stocks fell further by more than 70%, while the BSE SENSEX dropped to 7.3% Wednesday, causing the removal of Satyam Computer Services from its indices on Thursday. The shares free fell to 11.50 rupees on Friday, their lowest level since March 1998, compared with around last year’s high of 544 rupees.

The New York Stock Exchange has terminated trading in Satyam stock as of January 7, while the National Stock Exchange of India said it will remove Satyam from its S&P CNX Nifty 50-share index from January 12.

India’s biggest-ever corporate fraud has seriously tainted India Inc.‘s strong corporate governance image. “The admission of fraud in financial affairs has created an adverse impression in the minds of trade, business and industry across the world,” the Indian government admitted. The government intervened on Friday night, dismissing Satyam’s board of directors, announcing it will appoint representatives to manage the affairs of the insolvent outsourcing giant. The board would meet within seven days. Dr Yeduguri Samuel Rajasekhara Reddy, chief Minister of State of Andhra Pradesh, India, on Sunday said that the main agenda is to protect the jobs of the software professionals. “We are taking all needful steps in coordination with the government of India to ensure that the jobs of 53,000 engineers are protected and the shareholders’ money is salvaged,” Reddy said.

“We are working on the names. The Satyam case is an aberration. The credibility of the Indian corporate sector in general, and IT sector in particular, should not be allowed to suffer because of this.” Prem Chand Gupta, the Corporate Affairs Minister said. The Federal Government of India appointed a three-member independent board with full authority for Satyam on Sunday and was set to convene within 24 hours. “We have appointed Deepak Parekh, chairman of Housing Development Finance Corporation, Kiran Karnik, former president of IT industry body NASSCOM and C. Achutan, former member of Securities and Exchange Board (SEBI) of India,” Mr. Gupta said.

In early Monday trading (0535 GMT) after the creation of the three-member board, Satyam shares rocketed upwards 60% to 38.15 rupees, even though the main Mumbai market was down more than 2%. BBC reported that Satyam shares have jumped 51% to 36.05 rupees on Monday after the stock lost 87% last week. “The constitution of the new board is seen as a positive step by the market. It’s a confidence boosting measure,” K.K. Mital, Globe Capital, New Delhi head of portfolio management services said. “But the rally will depend largely on the financial situation at the company and the kind of measures that are taken to improve liquidity,” he added.

The Company Law Board, however, has requested Satyam’s interim board not to implement its decisions. “We are asked by the Company Law Board not to implement the decisions of the board. But we are allowed to continue our activity. The team which was constituted recently is continuing its work,” Satyam head global marketing and communications, Mr. Hari Thalapalli, said.

Lazard Ltd., who has a 7.4% stake in Satyam, sought representation on the new board and wrote as much to The Indian Ministry of Corporate Affairs. “As the largest shareholder in the company, we want to be consulted in whatever decisions are being taken by the Indian government. We have written to the Ministry of Corporate Affairs and are awaiting a reply from them,” Hitesh Jain, a partner at ALMT Legal, who claimed to represent Lazard, said. “It is a fair proposal and we will take a decision as and when we clear other issues. No decision on this has been taken yet,” P.C. Gupta replied.

Meanwhile, the Securities and Exchange Board of India (SEBI) also announced it will try to control the damage and take steps to boost investor confidence. “This exercise will be undertaken after the third quarter results and is expected to be completed by end of February this year,” a SEBI official statement said. A SEBI team is also investigating acting-CEO Ram Mynampati whose salary was greater than that of founder Dr. Raju and all the directors combined. Dr. Raju had just one fifth of Mynampati’s total package of over Rs 3.5 crore as of March 2008. All the directors comparably received only a total of Rs 2.6 crore as salary, commissions, sitting fees, professional fees and other receivables.

Further, the Andhra Pradesh Police CID and teams assigned by the Economic Offences Wing of the CB-CID conducted searches Sunday of homes of the accused including the ex-CFO’s office to gather documentary evidence about the financial fraud.

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ROV detects leaks in Deepwater Horizon well cap

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ROV detects leaks in Deepwater Horizon well cap

Monday, July 19, 2010

As many as four leaks have been detected in the Deepwater Horizon well cap in the Gulf of Mexico, according to live footage shot by one of BP’s ROVs (Remote Operated Vehicles). The leaks were detected early this morning, just after 4:00 (EDT).

The HOS SUPER H ROV 1 made the discovery while performing an “integrity survey” of the well and well cap. It recorded what appears to be a thin metal pipe lining the outside of the oil cap. Four small leaks of what appear to oil bubbles were detected during this survey. The first appears just after the elbow connecting the pipe to the two green pipes. The second can be seen through the hole of the large metal ring. The third is seen just to the right of the metal ring.

It is not yet known what the pipe carries or what it connects to. It is also not yet clear if all leaks are from the pipe, or leaking from the well. BP confirmed the leaks and told Wikinews in a phone call to their Houston, Texas press office, there is a “small leak” releasing hydrates consisting of gases and oil. They are “studying the issue” and are prepared to fix the pipe if it becomes an issue. Live camera feeds show hydrocarbons building up as the oil and gas leak from the pipe.

On July 18, ROV cameras showed bubbles coming from the base of well. BP said it would test the bubbles to determine what they are and as of Sunday, COO of BP Doug Suttles says the bubbles are not methane, but further tests are being conducted. “If you can imagine, it is not an easy operation to collect those bubbles so that they can be tested to see what their make-up is.”

Yesterday an unnamed United States official told the Associated Press that there was “seepage” coming from the area at the bottom of the Deepwater well head. The official said the seepage and methane gas were discovered near the Deepwater well head, but did not specify an exact location. Admiral Thad Allen, a former US Coast Guard admiral who is overseeing the spill efforts for the US government said yesterday in a letter to BP that ROVs “detected seep a distance from the well and undetermined anomalies at the well head.” So far there is no word what those substances are, but BP says the bubbles detected on July 18 are not of a hydrocarbon nature.

“When seeps are detected, you are directed to marshal resources, quickly investigate, and report findings to the government in no more than four hours,” said Allen in his letter to BP. During a press conference today, Allen confirmed seepage about 3km from the well point. He could not specify whether the seep was related to the capping of the well or if it is naturally occurring.

On June 13 the Viking Poseidon ROV (Remote Operated Vehicle) 1 recorded oil and methane seeping from the seafloor at around 2:48 a.m.. The ROV monitors the seep for a minute and even gets covered in a plume of oil and sand before it moved on to the next spot. Smaller eruptions were seen as the ROV traveled. After an investigation, Wikinews determined that the seepage was located just over 50 feet from the Deepwater leak point. BP has denied that any oil or methane gas is leaking from the sea floor. On July 16, Kent Wells, the senior vice president of the company, said on their official Twitter page that “4 ROVs using sonar scanning [are] looking for anomalies in seabed floor. No indications any oil or gas escaping.”

BP issued a press release earlier this morning, but did not state information regarding any leaks or seepage from the well. BP did say that the well cap “measured at approximately 6,792 pounds per square inch and continues to rise slowly.”

The Deepwater Horizon oil spill started on April 20 after an explosion on the rig. Efforts to put out the fire failed and the rig subsequently sank to the bottom of the Gulf. On April 22, an oil slick appeared on the surface of the Gulf. BP capped the leaking well on July 13 which effectively stopped oil from leaking into the Gulf. The company has been running a pressure integrity test on the 150,000 pound cap since it stopped the flow of oil. BP hopes for the well’s pressure to rise to or above 7,500 PSI. As of Saturday morning the well’s pressure was just above 6,700 PSI. BP fears anything lower than the expected PSI could mean a leak in the cap or elsewhere, such as oil or methane seeping up from the seafloor.

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Buffalo, N.Y. hotel proposal gets final approval by city Planning Board

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Buffalo, N.Y. hotel proposal gets final approval by city Planning Board
Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “120 year-old documents threaten development on site of Buffalo, N.Y. hotel proposal” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Tuesday, March 28, 2006

Buffalo, New York —The proposed Elmwood Village Hotel got the final approval it needed from the city of Buffalo’s Planning Board this morning.

In a unanimous vote, the Board approved most of the design and site plan of the hotel.

The Elmwood Village Hotel is a proposed hotel by Savarino Construction Services Corporation and is designed by architect Karl Frizlen of the Frizlen Group. It is to be placed on the corner of Elmwood and Forest Avenues in Buffalo and will require the demolition of at least five properties (1109-1121 Elmwood).

Despite the fact that today’s meeting was not a “public hearing”, several citizens lashed out at the Board after the approval.

“Thanks for destroying Buffalo,” said one man.

“[I am] disgusted. Because they did not allow the community to speak, it is the bastardization of the concepts of justice and democracy, and that’s what happened [today],” said Clarence Carnahan, a local business owner and concerned citizen, to Wikinews. He also referred to some board members as “immoral pigs.”

“[I feel] frustration because no one could speak. I was going to address the displacement of all the shops that are there and that they should be grand-fathered into the new space. We did not get to say that. [I am disappointed] that they are endorsing this enormous monstrosity.” said Nancy Pollina, co-owner of Don Apparel with Patty Morris at 1119 Elmwood.

Although the Board approved the hotel proposal, Savarino Construction must still go before the board to approve things such as signage and lighting. The Planning Board meets again on April 11, 2006 at 8:00a.m., but it is unknown if the hotel proposal will be on the agenda.

Pano Georgiadis, owner of Pano’s Restaurant at 1081 Elmwood and owner of 605 Forest Avenue in Buffalo, threatened to sue Savarino Construction at a public meeting on March 15, 2006 saying, “if you try to get a variance to change the code, I will sue you. This is my home, number one. If you go against city code, and you try to do the most rooms with a minimal amount of parking, again, I will sue you.”

Today, Georgiadis confirmed to Wikinews that he is “definitely” suing, but that his “situation is different” as compared to others looking into legal action. “This is my property. They did it [changed the code] without my approval.”

Last week, the Common Council voted and approved the rezoning of all five properties including 605 Forest.

Some are also considering taking the case to the New York State Supreme Court to “seek an injunction”and would go “pro se, meaning I am going to present the case myself,” said Carnahan.

Despite the approvals by the Common Council and Planning Board, organizers schedulaed another protest for Saturday April 1, 2006 at 2:00p.m. on the proposed site at Forest and Elmwood.

“We are not going to go down without a fight. We are going to go kicking and screaming,” said Pollina.

Posted: September 14th, 2018 by

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5 Questions To Ask Before Hiring A Personal Injury Attorney In Albuquerque}

5 Questions to Ask Before Hiring a Personal Injury Attorney in Albuquerque

by

Daniel Estes

It is a difficult process to secure compensation for your injuries and other losses after a severe accident. You may need an experienced and qualified personal injury attorney to represent you and to reflect your interests in settlement and negotiate with an insurance company. Finding an experienced and potential attorney may be a tough task, but if you go on a right track you will find an ideal attorney for you assuredly.

Are you looking for a personal injury attorney in Albuquerque? Here are the questions you should ask before hiring them.

What are the areas you are focusing?

Would you approach an eye doctor for leg fracture? Definitely no, right? Similarly, you need not approach an attorney who handles wide range of cases from traffic to criminal to domestic. Approach an attorney who handles personal injury or complex civil services, when you have been injured by a car accident or have a personal injury claim. Finding a right attorney for the personal injury will help you in resolving the case potentially and shortly. So that, ask them if they are only focusing personal injury cases.

Who will handle my case?

When you are looking to hire a personal injury attorney in Albuquerque NM, ensure that the attorney is experienced and skilled. Many attorneys pass the responsibility to their staffs and you may find your case goes longer. It doesnt mean that staffs are not good in handling cases, but working with the experienced and senior attorneys would resolve the case very soon and more efficient. While asking this question to the attorneys, make sure you are receiving answer yes, our senior lawyer will handle your case.

How long have you been practicing law?

An experienced attorney would handle the case without making any troubles and give you a solution as you expect from them. If you have a personal injury claim, you need to follow certain agreements and instructions, in such cases, an experienced attorney would instruct you to do the right things based on the seriousness of the case.

What fee will you charge for my case?

Ask the attorney about the fee. Many attorneys handle personal injury fee as a contingency fee basis. Personal injury law firms are creative on billing. You need to pay charges such as postage charge, copies, long distance calls, legal research etc., While the fee for expert witness, deposition, mediation, etc. If the firm you approach helps you to get additional money through medical payments insurance, you need to pay extra for it. So that, clarify about the fees and charges that the attorneys have been offering for the similar cases you approach.

How long will it take to resolve the case?

Ask the attorney about how long it will take to resolve your case. Many attorneys take several years to resolve the case but an experienced attorney do the necessary to resolve your case as quickly as possible. Ask for an estimate time to them that could help you to find the abilities of the attorney. Make sure the Albuquerque personal injury attorney you approach is having the capability to resolve the case within the estimated time.

So, you need an attorney who is well experienced and skilled in personal injury law firm. Before hiring them, try to ask all the above mentioned questions and find an attorney who fights for your rights.

The author of this article is an experienced

personal injury attorney in Albuquerque

, who is known for successful lawyer. In this article, he discusses about the questions to ask to the personal injury attorney before hiring them. For more details, visit

ellisestes.com/

Article Source:

eArticlesOnline.com}

Posted: September 14th, 2018 by

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Congressman Cunningham admits taking bribes

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Congressman Cunningham admits taking bribes

Monday, November 28, 2005

U.S. Representative Randy “Duke” Cunningham (RCA) pled guilty today to conspiring to take bribes in exchange for using his influence as a member of the House Appropriations Committee to help a defense contractor get business. In total he pled guilty to one count of income tax evasion and four counts of conspiracy, namely mail fraud, wire fraud, bribery of public official and accepting bribes. U.S. District judge Larry A. Burns scheduled Cunnigham to be sentenced on February 27. He is facing up to 10 years in prison and nearly $500,000 in fines, as well as forfeiture of unspecified amounts of cash and property.

In the court hearing, Cunningham admitted to accepting “bribes in exchange for performance of official duties” between “the year 2000 and June of 2005”, taking “both cash payments and payments in kind” and following up by “trying to influence the Defense Department”.

The federal investigation against Cunningham was triggered by his sale of his California residence to defense contractor Mitchell Wade in late 2003. However, Wade never moved in and sold the house at a $700,000 loss three quarters of a year later. At the same time Wade’s company MZM won tens of millions of dollars in defense contracts. Subsequent investigations discovered more questionable business transactions, including interactions with the defense contractor ADCS. In his plea agreement he testified that, among other charges, he “demanded, sought and received at least $2.4 million in illicit payments and benefits from his co-conspirators in various forms, including cash, checks, meals, travel, lodging, furnishings, antiques, rugs, yacht club fees, boat repairs and improvements, moving expenses, cars and boats.”

Cunningham announced his resignation after the hearing. In a written statement released by his law firm O’Melveny & Myers LLP he declared “The truth is — I broke the law, concealed my conduct, and disgraced my high office. I know that I will forfeit my freedom, my reputation, my worldly possessions, and most importantly, the trust of my friends and family.”

Posted: September 14th, 2018 by

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NTSB releases updates on status of 3 major US investigations

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NTSB releases updates on status of 3 major US investigations

Sunday, June 17, 2007

The National Transportation Safety Board (NTSB), the agency responsible for investigating transportation accidents in the United States, released updates on three major investigations on June 14.

The NTSB, well known publicly for its involvement in the investigation of aviation incidents which involve harm or loss of human life, is also an agency that oversees the transportation of refined petroleum and gas products, chemicals and minerals.

The agency determined the cause of a natural gas pipeline explosion that killed six. It also detailed the cause of an accidental release of 204,000 gallons of anhydrous ammonia from a pipeline in an environmentally sensitive area, and released preliminary information involving two commercial aircraft coming within 30-50 feet of each other on a runway.

In the gas explosion disaster, the towing vessel Miss Megan, which was of specifications that did not require inspection by the United States Coast Guard, was being operated in the West Cote Blanche Bay oil field in Louisiana by Central Boat Rentals on behalf of Athena Construction on October 12, 2006. The Miss Megan was pushing barge IBR 234, which was tied along the starboard side of barge Athena 106, en route to a pile-driving location. Athena Construction did not require its crews to pin mooring spuds (vertical steel shafts extending through wells in the bottom of the boat and used for mooring) securely in place on its barges and consequently this had not been done. During the journey, the aft spud on the Athena 106 released from its fully raised position. The spud dropped into the water and struck a submerged, high-pressure natural gas pipeline. The resulting gas released ignited and created a fireball that engulfed the towing vessel and both barges. The master of the towing vessel and four barge workers were killed. The Miss Megan deckhand and one barge worker survived. One barge worker is officially listed as missing.

The NTSB blames Athena Construction for the disaster, citing in the final report that Athena Construction’s manual contained no procedures mandating the use of the safety devices on the spud winch except during electrical work. It was found that if the Athena 106 crew had used the steel pins to secure the retracted spuds during their transit, a pin would have prevented the aft spud from accidentally deploying. Furthermore, the spud would have remained locked in its lifted position regardless of whether the winch brake mechanism, the spud’s supporting cable, or a piece of connecting hardware had failed.

The NTSB also found that contributing to the accident was the failure of Central Boat Rentals to require, and the Miss Megan master to ensure, that the barge spuds were securely pinned before getting under way. The Board noted that investigators found no evidence that the Miss Megan master or deckhand checked whether the spuds had been properly secured before the tow began. While Central Boat Rentals had a health and safety manual and trained its crews, the written procedures did not specifically warn masters about the need to secure spuds or other barge equipment before navigating. The NTSB stated that the company’s crew should have been trained to identify potential safety hazards on vessels under their control.

NTSB Chairman Mark Rosenker said of the investigation’s results, “Having more rigorous requirements in place could have prevented this accident from occurring. Not only do these regulations need to be put in place but it is imperative that they are enforced and adhered to.”

The NTSB has made a number of safety recommendations as a result of this accident and the subsequent investigation. Recommendations were made to Athena Construction and Central Boat Rentals to develop procedures and train the employees of its barges to use the securing pins to hold spuds safely in place before transiting from one site to another.

The most major of the other recommendations are:

To the Occupational Safety and Health Administration:

  • Direct the Maritime Advisory Committee for Occupational Safety and Health to issue the following documents document to the maritime industry: (1) a fact sheet regarding the accident, and (2) a guidance document regarding the need to secure the gear on barges, including spud pins, before the barges are moved, and detailing any changes to your memorandum of understanding with the Coast Guard.

To the U. S. Coast Guard

  • Finalize and implement the new towing vessel inspection regulations and require the establishment of safety management systems appropriate for the characteristics, methods of operation, and nature of service of towing vessels.
  • Review and update your memorandum of understanding with the Occupational Safety and Health Administration to specifically address your respective oversight roles on vessels that are not subject to Coast Guard inspection.

The NTSB also released the result of its investigation into an environmental disaster in Kansas on October 27, 2004 in which 204,000 gallons (4,858 barrels) of anhydrous ammonia was spilled from a ruptured pipeline in Kingman into an environmentally sensitive area. Chemicals from the pipeline entered a nearby stream and killed more than 25,000 fish, including some fish from threatened species.

The incident reached the scale that it did due to operator error after the initial rupture. The 8 5/8-inch diameter steel pipeline, which was operated by Enterprise Products Operating L.P., burst at 11:15 a.m. in an agricultural area about 6 miles east of Kingman, Kansas. A drop in pipeline pressure, indicating abnormal conditions or a possible compromise in pipeline integrity, set off alarms displayed on the computerized pipeline monitoring system. Shortly after the first alarm the pipeline controller, in an attempt to remedy the low pressure, increased the flow of anhydrous ammonia into the affected section of pipeline. A total of 33 minutes elapsed between the time when the first alarm indicated a problem with the pipeline and the initiation of a shutdown.

In its initial report to the National Response Center (NRC), the pipeline operator’s accident reporting contractor reported a release of at least 20 gallons of ammonia, telling the NRC that an updated estimate of material released would be reported at a later time. No such report was ever made. Because of the inaccurate report, the arrival of representatives from the Environmental Protection Agency was delayed by a full day, affecting the oversight of the environmental damage mitigation efforts.

The cause of the rupture itself was determined to be a pipe gouge created by heavy equipment damage to the pipeline during construction in 1973 or subsequent excavation activity at an unknown time that initiated metal fatigue cracking and led to the eventual rupture of the pipeline.

“We are very fortunate that such highly toxic chemicals of the size and scope involved in this accident were not released in a populated area,” commented Rosenker. “Had this same quantity of ammonia been released near a town or city, the results could have been catastrophic.”

As a result of this accident, the NTSB made the following safety recommendations:

To the Pipeline and Hazardous Materials Safety Administration:

  • Require that a pipeline operator must have a procedure to calculate and provide a reasonable initial estimate of released product in the telephonic report to the National Response Center.
  • Require that a pipeline operator must provide an additional telephonic report to the National Response Center if significant new information becomes available during the emergency response.
  • Require an operator to revise its pipeline risk assessment plan whenever it has failed to consider one of more risk factors that can affect pipeline integrity.

To Enterprise Products Operating L.P.:

  • Provide initial and recurrent training for all controllers that includes simulator or noncomputerized simulations of abnormal operating conditions that indicate pipeline leaks.

“The severity of this release of dangerous chemicals into the community could have been prevented,” said Rosenker. “The safety recommendations that we have made, if acted upon, will reduce the likelihood of this type of accident happening again.”

As well as concluding their investigation of the above accidents, the NTSB also released preliminary information regarding a serious runway incursion at San Francisco International Airport between two commercial aircraft on May 26, 2007.

At about 1:30 p.m. the tower air traffic controller cleared SkyWest Airlines flight 5741, an Embraer 120 arriving from Modesto, California, to land on runway 28R. Forgetting about the arrival airplane, the same controller then cleared Republic Airlines flight 4912, an Embraer 170 departing for Los Angeles, to take off from runway 1L, which intersects runway 28R.

After the SkyWest airliner touched down, the Airport Movement Area Safety System (AMASS) alerted and the air traffic controller transmitted “Hold, Hold, Hold” to the SkyWest flight crew in an attempt to stop the aircraft short of runway 1L. The SkyWest crew applied maximum braking that resulted in the airplane stopping in the middle of runway 1L. As this was occurring, the captain of Republic Airlines flight 4912 took control of the aircraft from the first officer, realized the aircraft was traveling too fast to stop, and initiated an immediate takeoff. According to the crew of SkyWest 5741, the Republic Airlines aircraft overflew theirs by 30 to 50 feet. The Federal Aviation Administration has categorized the incident as an operational error.

The NTSB sent an investigator to San Francisco, who collected radar data, recorded air traffic control communications, and flight crew statements, and interviewed air traffic control personnel prior to the NTSB making the preliminary release.

Posted: September 9th, 2018 by

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Hotels In Thailand}

Hotels in Thailand

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Mark1A world-class destination of the world, Thailand offers an exquisite holiday experience. Home to colorful diversities, Thailand is often referred to as the paradise of South East Asia. Plan your vacation at this tropical paradise this summer and discover the hidden treasures of the land. Sightseeing attractions include various historical, cultural and scenic sites. If amazing attractions and some delectable cuisine and excellent hospitality services draw your attention, hotels in Thailand enhance your holiday. With the finest category of hotels, Thailand has earned much acclaim as one of the favorite destinations of the traveler. Be it the lovely beaches or the lofty mountains, your hotel will provide you close access to the splendid attractions of Thailand.Whether you are looking for family hotels, activity hotels, beachfront hotels, business hotels, cheap hotels honeymoon hotels, luxury hotels, boutique hotels or spa hotels, you will get all kinds of hotels catering to your taste and mood. Most of the Thailand hotels are located around Bangkok, Hua Hin, Cha-am, Pranburi, Kanchanaburi, Phuket, Koh Samui, Krabi Phi Phi, Pattaya, Rayong, Koh Samet, Chiang Mai and Chiang Rai. You can book your hotel online through various hotel reservation sites. The online hotel booking sites cover numerous hotels in almost all destinations all over Thailand.The best part about online hotel booking worldwide is that you will get instant confirmation on your reservation. Availability of rooms will be guaranteed instantly only for certain accommodations. Hotel booking on most of these sites comes absolutely free of cost. Avail discount hotel booking online and get attractive discounts on facilities and services at your hotel. Know more about the various discount rates from travelers just like you. Complete security is guaranteed on the popular online hotel booking sites. If you have any queries or you require any assistance, you can contact customer care anytime. You can avail flexible payment options on the online hotel booking site. Trips are tailor-made for individuals and those travelling in groups. Besides booking your accommodation, the hotel booking sites online help you reserve a variety of tours and activities beforehand. You can reserve one day tours and activities on these sites. You can explore a colorful range of activities online and reserve the ones you want to indulge in. Amazing attractions, cultural shows, romantic cruises and other entertainment options are offered to help you make the most of your holiday in Thailand.You can try out the Ayutthaya World Heritage Tour around Bangkok, Golden Triangle Boat Trip and Chiang Sean and Chiang Khong Tour in Chiang Rai, Mae Sai Tour in Chiang Rai, Pattaya Coral Island Tour in Pattaya, Sriracha Tiger Zoo Tour in Pattaya, Krabi City Tour in Krabi and many more. Thailand is an ideal destination for pampering yourself with spa massages. Most of the popular online hotel booking sites comes with spa packages reservation facility. You can browse through the various treatments and therapies, facial and beauty treatments, body massages, hand and feet massages, hydrotherapy treatments and other Spa packages and make your reservation instantly.

Sujan Patricia is a Travel consultant. She offers exclusive information of Thailand and

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Posted: September 9th, 2018 by

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Woman killed on amusement park ride in New York

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Woman killed on amusement park ride in New York

Sunday, July 1, 2007

A young woman was killed Friday night after an accident occurred on a gyrating ride at the Playland amusement park in Rye, New York in the United States. The woman, Gabriela Garin, was a worker at the amusement park, and had worked there for the past seven years.

The accident occurred near the end of Garin’s shift; as she was loading riders onto the ride. The ride’s new operator, unaware of Garin’s presence, started the ride while Garin was still on it. The new operator then noticed Garin, and shut the ride down in 20 seconds, but Garin had already been ejected from the ride and killed, according to a park spokesperson.

The ride is an attraction that spins people around in two-seat cars, inside a darkened tent to flashing lights and music.

This incident is not the first in the ride’s history. In 2004, a seven-year-old from Connecticut managed to free herself from the ride’s restraining bars, and climb onto the front edge of her seat. She fell soon after the ride started. A safety precaution was put in place after this incident, however, the spokesperson acknowledged that it was not followed when Garin was killed.

The company which owns the ride shut it down, along with two other rides it owns at the park.

This is the fourth fatality in the park’s history. The park features more than 50 rides, a pool, and a beach. It attracts more than 1 million visitors annually.

Posted: September 5th, 2018 by

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U.S. Coast Guard investigation finds ‘poor safety culture’ contributed to Deepwater Horizon disaster

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U.S. Coast Guard investigation finds ‘poor safety culture’ contributed to Deepwater Horizon disaster

Sunday, April 24, 2011

An investigation by the United States Coast Guard has concluded the largest oil spill in the history of the petroleum industry was partly the result of a “poor safety culture” aboard the Deepwater Horizon oil rig. The April 2010 explosion aboard the rig, which is located in the Gulf of Mexico, triggered a disaster that led to widespread environmental damage.

The report squarely blames Transocean, which managed the Deepwater Horizon, for being largely responsible for the explosion that claimed eleven lives. The rig had “serious safety management system failures and a poor safety culture,” the report says. Transocean fiercely rejected allegations that crews aboard the rig were badly trained and equipment was poorly maintained.

Deepwater Horizon and its owner, Transocean, had serious safety management system failures and a poor safety culture.

A slapdash safety environment on Deepwater Horizon would mean equipment was not mended or replaced if it meant losing valuable hours of drilling, the Coast Guard found. Electrical equipment believed to have caused a spark that ignited flammable gas was described as being in “bad condition” and “seriously corroded.” The report found that other deficiencies—improperly assembled gas detectors and emergency equipment; audible alarms switched off because of nuisance false warnings; complacency with fire drills; and poor preparation for dealing with a well blowout—all contributed to the disaster.

Transocean attacked the report’s conclusions and suggested the Coast Guard may have played a role in the disaster. A spokesperson for the company said Deepwater Horizon had been inspected by Coast Guard officials only months before the explosion, officials who said it complied with safety standards. “We strongly disagree with—and documentary evidence in the Coast Guard’s possession refutes—key findings in this report,” the company said.

This week, Deepwater Horizon owner BP launched legal action against Transocean. It also filed a lawsuit against Halliburton, the company that cemented the well, and Cameron, which manufactured the rig’s failed blowout preventer. BP is reportedly seeking to claim US$40 billion in damages, and alleges it has taken a massive financial hit and loss of reputation. In a statement, BP said it filed the lawsuits “to ensure that all parties … are appropriately held accountable for their roles in contributing to the Deepwater Horizon accident”.

In the lawsuit against Transocean, BP claims the company missed signs that a disaster was imminent and that it “materially breached its contractual duties in its actions and inactions leading to the loss of well control, the explosion and the loss of life and injuries onboard the Deepwater Horizon, as well as the resulting oil spill.” Halliburton, BP alleges, was riddled with “improper conduct, errors and omissions, including fraud and concealment” which led to the disaster, and continues to refuse to cooperate with investigators.

Transocean dismissed the lawsuit as “desperate” and “unconscionable,” and announced a countersuit against BP, which it claims was responsible for the disaster “through a series of cost-saving decisions that increased risk, in some cases severely.” Halliburton and Cameron, which is also countersuing, announced they would defend themselves against BP’s allegations.

U.S. President Barack Obama marked the anniversary of the explosion by conceding that although “progress” has been made to ensure the safety of deep water drilling rigs, “the job isn’t done.” Obama’s comments came less than a week after leading experts raised serious questions over the security of deep water drilling as the U.S. government approves more exploration without improving safety measures.

Charles Perrow, a professor at Yale University, said the oil industry “is ill prepared at the least” to deal with another oil spill, despite repeated assurances from the industry and the government, which insists lessons have been learned from the Deepwater Horizon disaster. “I have seen no evidence that they have marshaled containment efforts that are sufficient to deal with another major spill,” he said. “Even if everybody tries very hard, there is going to be an accident caused by cost-cutting and pressure on workers. These are moneymaking machines and they make money by pushing things to the limit.”

However, politicians have insisted they are doing all they can to help clean the coast of oil. “Cleanup efforts in some places are still ongoing, and the full scale of the damage done to our state has yet to be calculated, but the good news is that most all of our fishing waters are back open again,” said Louisiana Governor Bobby Jindal at a press conference. “All of us here today want the entire nation to get the message that Louisiana is making another historic comeback.”

I don’t see any hope at all. We thought we’d see hope after a year, but there’s nothing.

Gulf Coast residents, activists and relatives of the crewmen who were killed in the explosion paused this week for the anniversary of the oil spill’s beginning. A helicopter took the victims’ families from New Orleans to over the site where the rig stood, where it circled. “It was just a little emotional, seeing where they were,” said one victim’s mother. Remembrance services and candlelight vigils were held in the Gulf Coast region, which continues to suffer from the fallout of the catastrophe. The families have expressed anger at BP, who they say is being unfair and slow in paying out compensation from a $20 billion fund.

The area is still heavily affected by the disaster and reconstruction of the seafood industry that once thrived is slow. While tourists are beginning to return to the region, many are angry at BP and the Obama administration over how they handled the disaster. All the fishing waters in the area have now opened again, but people who live in the area remain dissatisfied. “I don’t see any daylight at the end of this tunnel,” one fisherwoman said. “I don’t see any hope at all. We thought we’d see hope after a year, but there’s nothing.”

Posted: September 5th, 2018 by

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Libya: Rebels edge closer to Tripoli

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Libya: Rebels edge closer to Tripoli

Monday, August 22, 2011

Libyan rebels edged closer to the capital city of Tripoli on Sunday to help fellow mutineers inside the city who declared a final clash with leader Muammar Gaddafi.

Following a night marred with gunfire, the rebels said that they controlled a handful of Tripoli’s localities. With the rebels within about 25 km of Tripoli, Gaddafi’s hold on power looks fragile. He labelled the rebels, who had been fighting for the past six months, as “rats” and said that he would not yield to their demands.

A coordinated revolt that rebels had been secretly planning for months saw gunfire across Tripoli, instantly after Muslim clerics called people onto the streets. The revolution, combined with rebels advancing to the capital’s periphery, appears to signal the critical chapter in the “Arab Spring” uprising, which is in its sixth-month now.

“The rebels may have risen too early in Tripoli and the result could be a lot of messy fighting,” said Oliver Miles, a former British ambassador to Libya. “The regime may not have collapsed in the city to quite the extent they think it has.”

The rebels’ advance toward the city was quick, and the mutineers have halved the distance between them and the capital. Government forces put up a brief fight at the village of Al-Maya, leaving behind a burned-out tank, and some torched cars. On their way to Tripoli, the rebels paused long enough and filled some walls with graffiti, one reading: “We are here and we are fighting Gaddafi.”

In Benghazi, the rebels’ main stronghold and the genesis of the revolt, a senior official said everything was going according to plan. “Our revolutionaries are controlling several neighborhoods and others are coming in from outside the city to join their brothers at this time,” said Abdel Hafiz Ghoga, vice chairman of the rebel National Transition Council.

Gaddafi — in hiding since the NATO attacks on Libya in June — said in an audio recording broadcast late yesterday that he had no intention of succumbing to the rebellion. A spokesman for Gaddafi, Moussa Ibrahim, in a briefing for foreign reporters echoed the message of defiance and said: “The armed units defending Tripoli from the rebels wholeheartedly believe that if this city is captured, the blood will run everywhere; so they may as well fight to the end.”

Those rats … were attacked by the masses tonight and we eliminated them
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“We hold Mr. Obama, Mr. Cameron and Mr. Sarkozy morally responsible for every single unnecessary death that takes place in this country,” he added, referring to the leaders of NATO members, the United States, United Kingdom, and France.

Underground rebel cells in the capital had been following detailed plans developed months ago and had been waiting for a signal to start. The signal was “iftar” – the moment when Muslims who observe the holy months of Ramadan break their daily fast. Imams started broadcasting their message from the loudspeakers of mosques and minarets.

A rebel activist in the city said pro-Gaddafi forces had put snipers on the rooftops of buildings around Bab al-Aziziyah, Gaddafi’s compound, and on the top of a nearby water tower.

State television flashed a message urging citizens not to allow rebels to hide on their rooftops. “Agents and al Qaeda members are trying to destabilize and sabotage the city. You should prevent them from exploiting your houses and buildings, confront them and cooperate with counter-terrorism units, to capture them,” it read.

Posted: September 2nd, 2018 by

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