I N T E R N A T I O N A L
I N T E R N A T I O N A L
16 Pages Number 119 9th year
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Thursday, June 29, 2017
Miranda Kerr returns jewelry gifted in alleged Malaysian scheme
Thursday, June 29, 2017
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In this photo released by Xinhua News Agency, fireworks explode next to China’s new domesticallybuilt 10,000-ton Type 055 destroyer during a launching ceremony at Jiangnan Shipyard in Shanghai, China, Wednesday, June 28, 2017. China’s increasingly powerful navy launched its most advanced domestically produced destroyer on Wednesday, at a time of rising competition with other naval powers such as the United States, Japan and India.
LOS ANGELES - Australian model and actress Miranda Kerr has handed over millions of dollars worth of jewelry that U.S. authorities say was given to her as part of a Malaysian money laundering scheme, her spokesperson said on Tuesday. Kerr, a former Victoria’s Secret model, was given diamond pendants, earrings and other jewelry worth about $8 million in 2014 by Malaysian financier Jho Low, according to a June 15 U.S. Department of Justice civil lawsuit. Kerr is not accused of any wrongdoing and her spokesperson said she has co-operated fully with U.S. authorities from the start of the inquiry. “The transfer of the jewelry gifts from Ms. Kerr’s safe deposit box in Los Angeles to government agents was completed on last Friday afternoon,” the spokesperson said in a statement. The gifts of jewelry were detailed in the Justice Department’s lawsuit, in a long-running case over an alleged conspiracy to launder money misappropriated from the 1Malaysia Development Berhad fund, known as 1MDB, which was set up by Malaysian Prime Minister Najib Razak in 2009 to promote economic development.
The Justice Department alleges that more than $4.5 billion was taken from 1MDB by high-level fund officials and their associates. Kerr, who was in between marriages to actor Orlando Bloom and Snapchat cofounder Evan Spiegel at the time, was given a heartshaped diamond necklace worth $1.8 million, with her initials inscribed on the back, as a 2014 Valentine’s Day gift from Low, according to the lawsuit. Later in 2014, investigators said, Low gave Kerr a second, pink diamond, pendant worth $4.8 million, followed by matching earrings, a bracelet and a ring worth almost $2 million. The lawsuit said the funds for the jewelry were misappropriated from the 1MDB account. Low, whose whereabouts are unknown, could not be reached for comment. Actor Leonardo DiCaprio also is tied up in the scandal after accepting artwork by Picasso and Basquiat worth more than $12 million from financiers connected with the 1MDB case, along with an Oscar once owned by actor Marlon Brando. DiCaprio is cooperating with authorities and has initiated the return of the items, his spokesman has said. (rtr)
It’s Britney Beach! Israel Names A Beach After Britney Spears SOME countries honor a celebrity with a plaque or a key to the city, but Britney Spears is no mere celebrity. She’s a legend, and her iconic status is further solidified with a huge honor from Israel. The pop star’s upcoming performance in Tel Aviv is so anticipated, the country even delayed their election for the new chairperson of the Labor Party. It was originally scheduled for July 3, the same day as Britney’s concert, but government officials feared people would choose the Britney concert over finding
a polling station, so they pushed voting back a day. According to Tel Aviv’s official Twitter account, they have named a beach after the pop star appropriately titled, It’s Britney Beach, a flawless nod to ‘it’s Britney, bitch.’ I’m not 100% sure if they are trolling us, but they tagged mayor Ron Huldai, the city’s TimeOut magazine, the director digital communications of Tel Aviv and Britney herself. It’s Britney Beach! Israel Names A Beach After Britney Spears She is literally taking over. (IBP/net)
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China’s navy launches latest-generation destroyer BEIJING — China’s increasingly powerful navy launched its most advanced domestically produced destroyer on Wednesday, at a time of rising competition with other naval powers such as the United States, Japan and India. The first 10,000-ton Type 055 entered the water at Shanghai’s Jiangnan Shipyard on Wednesday morning, the navy said in a statement. It said the ship is equipped with the latest air, missile, ship and submarine defense systems. China is believed to be planning to produce four of the ships.
IBP/net
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Wang Donghai/Xinhua via AP
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“The launch of this ship signifies that our nation’s development of destroyers has reached a new stage,” the navy said. A photo on the navy’s website showed multicolored streamers being shot out of tubes while sailors and shipyard workers stood dockside next to a massive Chinese flag. It said the chief of the People’s Liberation Army’s General Armaments Department, Zhang Youxia, presided over the ceremony, in which a bottle of champagne was broken over the ship’s bow. The Type 055 is significantly larger than China’s other modern destroyer, the Type 052, representing the rising sophistication of China’s defense industries. Once heavily dependent on foreign technology, China in April launched its first aircraft carrier built entirely on its own, based on an earlier Ukrainian model. In terms of displacement, it is roughly equivalent to the Arleigh Burke class of destroyer. China’s navy is undergoing an ambitious expansion and is projected to have a total of 265-273 warships, submarines and logistics vessels by 2020, according to the Washington, D.C.-based Center for Naval Analysis. That compares with 275 deployable battle force ships presently in the U.S. Navy, China’s primary
rival in the Asia Pacific, with the once-yawning gap between the two narrowing rapidly. China says it needs a powerful navy to defend its 14,500 kilometers (9,010 miles) of coastline, as well as its crucial maritime shipping routes. However, it also appears increasingly willing to challenge actions by the U.S. — long the region’s pre-eminent military power — especially in the South China Sea, which China claims virtually in its entirety. Beijing has also long nurtured resentment against Japan over its past invasion of China, and their dispute over a group of tiny, uninhabited islands in the East China Sea has at times threatened to break out into open confrontation. India, meanwhile, shares a disputed border with China and has grown increasingly concerned over the Chinese navy’s growing presence in the Indian Ocean, facilitated in part by Beijing’s close alliance with New Delhi’s arch rival, Pakistan.(ap) News can also be heard in “Bali Image” at Global Radio FM 96.5 from 9.30 until 10.00 am. Listen to Global Radio FM at http://globalfmbali.listen2myradio. com or live video streaming at http:// radioglobalfmbali.com and http://ustream.tv/ channel/global-fm-bali.