Cook who stabbed roommate to death to see out life in jail, Dubai court rules



A cook who stabbed his roommate to death because he molested him and his girlfriend will see out his life sentence.

The Nepalese cook, 29, was at a party at a labour accommodation in Ras Al Khor on December 19 last year when his roommate – a waiter whose nationality and age were not disclosed in court records – molested the cook's girlfriend.
Police said the defendant admitted to killing the man inside his bedroom then locked the door, threw away the key, washed his bloodied clothes and left the party.
"The defendant told us that he pushed the deceased inside a room to keep him away from his girlfriend but then, the deceased molested him, which angered him, so he went to the kitchen, grabbed a knife and stabbed the man repeatedly in the back," said a police officer, 27.
Police questioned the girlfriend, whose age and nationality were also not disclosed in records, but she told them she was not in the room with the cook and waiter when the stabbing occurred. However, she said she heard screams coming from the room.

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The waiter's co-workers reported the incident after they went to check on him when he did not show up at work.
"His Indian flatmate called me and said the waiter didn't come to work and might be on leave but that when he came to visit him he found the door locked and nobody was answering," said the accommodation's security guard.
The guard called police after unlocking the door and finding the man in a pool of blood.
"I thought he had taken the day off but then our supervisor asked about him and why had he not come to work, so I went to check on him but the door was locked, I suspected something was wrong but I didn't expect to find him murdered," said the Indian cook, 32.
At Dubai Criminal Court in May, the defendant denied a premeditated murder charge but was convicted and sentenced to life in jail followed by deportation.

He appealed the sentence, telling Dubai Court of Appeal that he did not mean to end the man’s life. However, the court upheld his life sentence and he will be deported after serving his prison term, which is 25 years.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

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Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

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