News » Charges to be brought against those liable

WASHINGTON Cheap Nike Air Foamposite One , March 28 (Xinhua) -- International Monetary Fund Managing Director Christine Lagarde on Monday announced her decision to renew David Lipton's five-year tenure as the first deputy managing director starting Sept. 1, 2016.


The proposal still needs approval from the IMF's executive board.


Lipton Cheap Nike Hyperadapt 1.0 , a U.S. national, has worked as the first deputy managing director of the IMF from Sept. 1 Cheap Nike Air More Money , 2011.


"Combining international expertise, public sector policy making and private sector experience Cheap Nike Zoom VaporFly , and a proven track record in economic crisis management, David has demonstrated over the last five years his excellent policy making acumen Cheap Nike Odyssey React Mens , and invaluable appreciation of IMF policies and procedures," Lagarde said in a statement Monday.


Before joining the IMF Cheap Nike Odyssey React Womens , Lipton served as senior director for International Economic Affairs at the National Economic Council under the Obama administration, and was undersecretary for international affairs at the Treasury Department under the Clinton administration.


He also worked as the head of global country risk management at Citibank and worked with hedge fund Moore Capital Management.




CAPE TOWN， Nov. 11 (Xinhua) -- Brian Molefe， the scandal-hit CEO of South Africa's electricity utility Eskom， announced on Friday that he would resign but denied any wrongdoing.


"I have， in the interests of good corporate governance， decided to leave my employ at Eskom from 1 January 2017. I do so voluntarily，" Molefe said in a statement.


Molefe will be the first CEO at state-owned companies to resign since the state capture report was released on November 2.


The report， compiled by former Public Protector Thuli Madonsela， sheds light on how the wealthy Indian Gupta family used their close relationship with President Jacob Zuma to influence the appointment of cabinet ministers and CEOs of state-owned enterprises， including Eskom， weapon manufacturer Deniel and the South African Airways (SAA).


According to the report， several CEOs of state-owned enterprises met with senior members of the Gupta family before being appointed by Zuma. Molefe is implicated in the report.


In his Friday's statement， Molefe lambasted the state capture report which he said did not make any findings but what were termed "observations" based on an investigation not completed.


"Observations" made in the report relating to his conduct "are in material respects inaccurate， based on part-facts or simply unfounded，" Molefe said.


"I am confident that， when the time comes， I will be able to show that I have done nothing wrong and that my name will be cleared，" he said.


Molefe said his announcement to resign was not an admission of wrongdoing but rather what he feels to be the correct thing to do in the interests of the company.


First appointed in an acting capacity in March 2015， Molefe is credited with successfully turning cash-strapped Eskom around.


Eskom， which provides more than 95 percent of electricity consumed in South Africa， was blamed for massive blackouts that lasted for more than one year before Molefe became Eskom CEO.




SAN FRANCISCO， Dec. 5 (Xinhua) -- A prosecutor vowed there would be "no stone unturned" to look into the warehouse fire in Oakland， California， that has led to the confirmed death of 36 people as of Monday afternoon.


Alameda County District Attorney Nancy O'Malley， appearing in public for the first time since the deadly fire on Friday night， told a press briefing that investigators would try to find evidence of criminal liability and then decide who would be liable.


Charges to be brought against those liable， O'Malley said， could be homicide or involuntary manslaughter. Declining to go into details and reassuring her determination to seek justice for victims and their families， she said experts would examine debris from the two-story warehouse and extra charges would be possible based on evidence.


Investigators had already interviewed "several people" related to the fire， she added.


At the same briefing， Alameda County Sheriff Gregory Ahern said of the 36 bodies recovered from the scene， including three added to the total on Monday morning， 33 had been "tentatively identified." Among them， three were foreign nationals from Finland， South Korea and Guatemala respectively， and their families had been notified.


Noting that about 75 percent of the site was cleaned， Ahern said earlier "we can't locate any other deceased victims" and "we are not anticipating any more huge numbers."


However， three days after the disaster took place， nobody knows how many people were inside the building.


The worst fire in the history of Oakland， in northern California， on the U.S. west coast， prompted Mayor Libby Schaafa and other city officials to go into defensive mode in face of criticism that the city ignored complaints from residents about the specific building and similar situations in the city.


Schaafa said priorities for now are to recover victims and help their families.


The warehouse， known as "The Oakland Ghost Ship，" was permitted only for storage purposes. However， the structure in an industrial neighborhood of East Oakland was converted into art studios， a party venue and probably a residence. Oakland Fire Chief Teresa Deloach-Reed said on Saturday there was no sign of fire alarms and no evidence of a sprinkler system.


The fire started at about 11:30 p.m. on Friday and continued into the Saturday morning， trapping people at what appeared to be an underground music event.


Overnight， authorities released names of seven victims that had been positively identified. All of them were in their 20s and 30s and Californians， including 4 Oakland residents and 2 others from nearby cities in northern California. The name of an additional victim， a 17-year-old minor， was withheld.


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