The Oxford Student - Week 5, Michaelmas 2017

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The

OXFORD STUDENT Friday 10th November 2017

oxfordstudent.com

Vol. 81, No. 6

Tariq Ramadan takes leave of absence Facebook

Oxford’s offshore funds exposed in Paradise Papers Daniel Mahoney Deputy Editor

Janet McKnight

Liam Frahm News Editor

Following a series of accusations of sexual misconduct, including against minors, Professor of Contemporary Islamic Studies at St Antony’s College Tariq Ramadan has taken a leave of absence “by mutual agree-

Features

Earthy Eats returns: A review of Westgate’s ‘Pho’ p.12

ment” and “with immediate effect.” In a statement, the University said: “An agreed leave of absence implies no presumption or acceptance of guilt and allows Professor Ramadan to address the extremely serious allegations made against him, all of which he categorically denies, while meeting our principal concern – addressing heightened and under-

standable distress, and putting first the wellbeing of our students and staff.” The move comes after new accusations surfaced from four Swiss women, who said that Ramadan made sexual advances against them while teaching in Geneva. One of the women, speaking to Tribune de Geneve newspaper, said

that Ramadan made unsuccessful sexual advances against her when she was 14 years old while another alleged that he had sexual relations with her in his car when she was 15 years old. The other two women were 18 at the time of their alleged sexual relations with him and have accused

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Édouard Boubat: the twentieth century’s secret pioneer of photography p.16

Art & Lit

Stage

Leaked documents from the Paradise Papers have revealed that Oxford and Cambridge Universities and almost half of all Oxbridge colleges have invested tens of millions of pounds in offshore funds. Notably, these investments include a joint venture to develop oil exploration and deep sea drilling. The Guardian revealed this week that both universities have invested millions in private equity partnerships based in the Cayman Islands, a notorious tax haven. Papers marked as “trade secret and confidential” show that Oxford invested $3.4m in Guernsey-based private equity firm Coller International in 2006, with money put in two separate funds coming both from the university itself and individual colleges. One of these funds, Coller International Partners V, was the largest of its kind worldwide, attracting over $4.8bn of capital from nearly 200 public institutions. The fund’s largest investment of around $1bn went to oil and gas company Royal Dutch Shell, with a joint venture, the Shell Technology Ventures Fund, in turn investing in “production and exploration” techniques. Oxbridge funds went to companies specialising in drilling rigs designed to “reach hydrocarbons in deeper horizons”. These revelations come amid mounting pressure for both Oxford and Cambridge to cease investing in fossil fuels. In 2015, Oxford announced it was exiting from coal and tar sands following discussions

An interview with the director of Candide p.19

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