Drug smuggling into jails still rife



DUBAI // Drugs are being smuggled into jails despite searches of all visitors, the Dubai Police chief said yesterday. An official who spoke on the condition of anonymity said that 30 people were caught trying to bring drugs into prisons last year. And a few weeks ago, a prisoner died of a heroin overdose. The official said all those caught were arrested and referred to the Public Prosecution. Five inmates are being tried on additional drugs charges.

The chief, Lt Col Dahi Khalfan Tamim, said police could not completely halt the smuggling of narcotics into prisons, which is a problem worldwide. "No one is allowed to enter jail without being thoroughly searched. However, in some cases inmates or their visitors hide the drugs in places which cannot be touched," he said. "It is not an easy matter and the searches are made on a continuous basis. If an inmate is somehow able to smuggle drugs inside and uses it, then he should also be accountable for his actions."

Lt Col Khalfan said prisoners came up with ingenious ways of getting drugs into prisons. In some cases inmates who go to clinics or hospitals for check-ups pick up narcotics left by accomplices in bathrooms or other places. He said there had been no recorded cases of police officers or jail guards caught smuggling drugs into prisons, but that authorities would take such cases seriously: "If any such case arises where someone takes a risk like that then we will not leave them alone."

The chief spoke at the signing of a memorandum of understanding with Bait Al Khair, a charity that supports former drug addicts and their families, A 23-year-old Emirati recently died of a heroin overdose in a holding cell. The man's family said he died four months after being arrested on a drug charge, but that he was never convicted by a court. His brother said the family did not understand how he got the heroin inside a cell at the Al Rashidiya police station.

He said his mother and sisters visited him the day before he died and he appeared to be in good health. "This is a very dangerous situation. Being held by police should protect you and not expose you to drugs that could kill you," the brother, who spoke on the condition of anonymity, said this week. rbaker@thenational.ae

England Test squad

Joe Root (captain), Moeen Ali, James Anderson, Jonny Bairstow (wicketkeeper), Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Dawid Malan, Jamie Porter, Adil Rashid, Ben Stokes.

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Champions League quarter-final, first leg

Ajax v Juventus, Wednesday, 11pm (UAE)

Match on BeIN Sports

TOUR DE FRANCE INFO

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Distance: 3,540km
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Number of riders: 198

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed

Fixtures: Monday, first 50-over match; Wednesday, second 50-over match; Thursday, third 50-over match

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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RESULT

Huddersfield Town 1 Manchester City 2
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Man City: Agüero (47' pen), Sterling (84')

Man of the match: Christopher Schindler (Huddersfield Town)

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International Vets
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9am, Pitch 4, v SBA Pirates

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Fujairah 130 for 8 in 20 overs

(Sandy Sandeep 29, Hamdan Tahir 26 no, Umair Ali 2-15)

Sharjah 131 for 8 in 19.3 overs

(Kashif Daud 51, Umair Ali 20, Rohan Mustafa 2-17, Sabir Rao 2-26)

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Red card Jonjo Shelvey (Newcastle)

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Europe’s rearming plan
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