Malaysia suspected MH370 downed in murder-suicide: Aussie ex-PM

first_img“I’m not going to say who said what to whom but let me reiterate, I want to be absolutely crystal clear, it was understood at the highest levels that this was almost certainly murder-suicide by the pilot – mass murder-suicide by the pilot.”Zaharie’s family and friends have long strongly rejected such claims as baseless.In 2016, Malaysian officials revealed he had plotted a path over the Indian Ocean on a home flight simulator but stressed this did not prove he deliberately crashed the plane.A final report into the tragedy released in 2018 pointed to failings by air traffic control and said the course of the plane was changed manually.But they failed to come up with any firm conclusions, leaving relatives angry and disappointed.Six passengers were Australian, including four from Queensland state, where Premier Annastacia Palaszczuk this week suggested authorities may pursue an inquest into their deaths.Topics : Former Australian prime minister Tony Abbott has claimed “very top” level Malaysian officials believed vanished Flight MH370 was deliberated downed by the captain in a mass murder-suicide.The Malaysia Airlines jet vanished on March 8, 2014 carrying 239 people – mostly from China – en route from Kuala Lumpur to Beijing.No sign of the plane was found in a 120,000-square kilometer (46,000-square mile) Indian Ocean search zone and the Australian-led search, the largest in aviation history, was suspended in January 2017. A US exploration firm launched a private hunt in 2018 but it ended after several months of scouring the seabed without success.The disappearance of the plane has long been the subject of a host of theories – ranging from the credible to outlandish – including that veteran pilot Zaharie Ahmad Shah had gone rogue.In an excerpt from a Sky News documentary airing Wednesday, Abbott claims he was told within a week of it vanishing that Malaysia believed the captain had intentionally downed the jet.”My very clear understanding from the very top levels of the Malaysian government is that from very, very early on here, they thought it was murder-suicide by the pilot,” he said.last_img read more

Danish roundup: Sampension, PFA, PKA, Danske, Nordea

first_imgDanish labour-market pensions provider Sampension has won a large corporate pensions contract from retail chain Sportsmaster to provide pensions for its staff of more than 1,000, ousting the current provider Nordea Life & Pensions.The DKK264bn (€35.4bn) pension fund said the Sportmaster contract was the first large company scheme it had taken on after deciding at the end of 2015 to focus more broadly on small and medium-sized businesses as a supplement to the collectively agreed labour-market schemes.Hasse Jørgensen, chief executive at Sampension, said: “Every time a big company puts their pension out to tender, there is a particularly thorough selection process, and we are proud the overall package of products, prices and services has matched the customer’s expectations in a market characterised by tough competition.”Chris Bigler, CFO at Sportmaster, said: “In Sampension, we saw the strongest combination of an effective administration set-up, the ability to generate attractive returns and good insurance.”  Sampension won a contract from IT and software company KMD to provide a unified pension scheme for its workforce, which now totals more than 3,200 in late 2014, taking on around DKK3bn of existing pension savings.In December last year, the Architects’ Pension Fund (AP) and the Pension Fund for Agricultural Academics and Veterinary Surgeons (PJD) decided to move their administration and asset management to Sampension from Unipension, in a move that will involve about 19,000 pension scheme members, and the transfer of around DKK25bn in assets.  The Sportmaster contract has been seen in Denmark as potentially marking a change in the pensions industry, as it is the first time a labour-market pension provider has won a major private-sector contract.In other news, Danish pension providers PFA and PKA announced they have linked up with private equity firm Axcel to buy a majority stake in Danish shipping finance company Danmarks Skibskredit from Danske Bank, Nordea and others for DKK4.25bn.PKA, which runs three health and social care sector pension funds, said it saw good chances for the company to increase its earnings once the market in which it operates improved. In the deal, Danske Bank, Danmarks Nationalbank (the Danish central bank), shipping giant AP Møller-Mærsk and Nordea Bank sold their ownership stake consisting of 72% of the equity capital of the shipping finance firm to a consortium made up of Axcel, PFA and PKA.Anders Damgaard, group finance director at PFA, said: “Danmarks Skibskredit is a solid business with a unique business model.”He said the company was a specialist within its field and its loss history and client list testified to a professionally run firm with a good market position.PKA CIO Michael Nellemann Pedersen said the pensions company believed it could continue with the good work that had already gone into the Danmarks Skibskredit, and that having new ownership would strengthen the firm. “At the same time, we see good opportunities for the company to increase its earnings, when the market comes to a time when it is in calmer waters,” he said.Peter Lybecker, chairman of Danmarks Skibskredit, said the company’s major shareholders had been in talks with several interested potential buyers.“In my opinion, Danmarks Skibskredit will get a particularly strong circle of owners in Axcel, PFA and PKA, who can support the company and speed up the continuing development of its shipping finance business for the benefit of staff, customers and cooperation partners,” he said.last_img read more