“They told me that they were looking for Pak Suhada’s son-in-law, who is on the most wanted list now. They searched through some piles of documents in the house but didn’t confiscate anything,” local community head Nuryadi said after the search.He added that the house had long only been occupied by a housemaid.Read also: Former Supreme Court secretary accused of accepting Rp 46b in bribesSuhada is the father of Nurhadi’s wife Tin Zuraida, an expert staff member at the Administrative and Bureaucratic Reform Ministry. Topics : Nurhadi was named a graft suspect for allegedly accepting bribes in the form of nine checks and Rp 46 billion (US$3.2 million) in cash in connection with three cases handled at the Supreme Court between 2011 and 2016.The KPK put Nurhadi on the most wanted list on Feb. 13 after he failed to answer the antigraft body’s summons for questioning twice.The commission also named Nurhadi’s son-in-law Rezki Herbiyono and PT Multicon Indrajaya Terminal director Hiendra Soenyoto, who was suspected of promising Nurhadi nine checks from the company, suspects in the case. They were also put on the most wanted list.Graft busters have on several occasions searched for Nurhadi, including at his house in South Jakarta and his office, the Rahmat Santoso and Partners law firm, which is owned by Nurhadi’s brother-in-law, in Surabaya, East Java. (kuk) Corruption Eradication Commission (KPK) investigators have searched on Wednesday the house of Suhada Sumarni, the father-in-law of former Supreme Court secretary and graft suspect Nurhadi Abdurachman, in Tulungagung, East Java, as part of the antigraft body’s effort to locate the suspect, who is still at large.Eight investigators were seen entering the house at around 10 a.m. East Java Police officers assisted the search by guarding the premises.The search was completed at 1 p.m. when KPK investigators were seen leaving the house.
The so-called ‘middle way’ for the new Dutch pensions contract being hammered out by the government will have little impact on pension funds’ asset allocation, according to investment experts.A large majority of investment professionals attending a conference held by IPE sister publication IP Nederland said the new hybrid contract would not lead to a more “aggressive” investment policy, even if pension funds are given more options for smoothing out rights cuts, as is expected.Hans de Ruiter, head of investments at the €5bn pension fund of technical research institute TNO and a member of an IP Nederland discussion panel, said: “The new pensions contract is not meant to increase investment risks.”Hedwig Peters, professional pension fund board member and also on the panel, fully shared his opinion, pointing out that “current legislation would still apply”. Also during the conference, the audience showed no clear preference for the recently proposed new discount rate, which consists of an ultimate forward rate (UFR) of the average 20-year interest rate over the previous 10 years.The new criterion is to replace the current discount rate of the three-month average of the forward curve as of 2015, when the new financial assessment framework (FTK) is scheduled to come into force.Gerard Roelofs, head of investments for Continental Europe at Towers Watson, said: “The impact is not very different from the current discount rate.”However, the expert panel was very pleased the three-month average would disappear from the discount criterion.Both Peters and De Ruiter noticed that no financial instruments existed to hedge the interest risk on liabilities based on the UFR.Therefore, pension funds should not adjust their current interest-matching policy because of the new discount rate, Peters argued.Almost the entire audience agreed with her that market valuation of liabilities should be the guiding principle for pension funds’ investment policy.A large majority of the audience also said they did not expect a hybrid pensions contract to lead to an increase of inflation-linked products in their investment portfolios.
TORONTO – The Toronto Raptors will be looking to move on and the visiting Milwaukee Bucks will be hoping to stay alive tonight in Game 6 of the Eastern Conference finals.The host Raptors lead the best-of-seven series 3-2 after winning Game 5 in Milwaukee 105-99 on Thursday night. Another win will put them into the NBA Finals for the first time in franchise history.The Bucks have an immediate goal of forcing a Game 7 Monday night on their home court. The Raptors are approaching Game 6 warily, not trying to get ahead of themselves.“Listen, this is a great team we’re playing,” Raptors coach Nick Nurse said. “They are really good and deep and athletic and long and all kinds of stuff. This was a super hard win (Thursday), super hard.And we have to play with a tremendous amount of effort. Again, I think our keys are this: We’ve got to play good offence, not turn it over and score the basketball, because if you don’t, they’re getting what they want, which is downhill basketball in a hurry. “If we can score it, if we can take care of it, we can get our defence set up, for the most part we get down and guard them and make the shots a lot tougher. We have to rebound the basketball. They’re a great rebounding team.”Bucks centre Brook Lopez is aware of the task at hand. “We’re just on to the next game,” Lopez said. “We’re not thinking about winning two right now, obviously. We just want to go out there and get Game 6.” Milwaukee star Giannis Antetokounmpo was emphatic.“I’m (ticked), I’m not going to lie to you,” Antetokounmpo said. “We’ve got two more games to go and we can do this. … We’re the best team in the league, man.“We’re not going to fold. We’re going to go and give everything we’ve got. We’re not going to go there and even (if) they set a great tone and come out and hit us in the mouth first – we can’t fold. We’re going to come back to Milwaukee being (ticked), like, you cannot fold. You’ve got to go out there and give everything you’ve got. If we lose, we lose. OK, cool. But we’re not going to fold as a team. That’s not what we do.”As usual, Kawhi Leonard led Toronto’s scoring Thursday with 15 of his 35 points coming in the fourth quarter. He also added seven rebounds and a career-best nine assists.“Just got to give credit to my teammates,” Leonard said. “They knocked down shots (Thursday) when I gave it to them, and I’m not a guy that really controls the ball the whole game.”The Raptors have an advantage in playoff experience over the Bucks, and that could have been a factor already in this series and could be again in Game 6. “Experience helps a lot,” Leonard said. “You know, just from my input, I’ve been here before. I’ve been to the finals, and it’s pretty much nothing new that I’m seeing out there. You just have to have fun with it and enjoy it. Like I told them (Thursday), we were down 10, I told them to enjoy the moment and embrace it, and let’s have fun and love it. This is why we’re here.”Bucks forward Ersan Ilyasova said it’s a mental game.“I think it’s going to be about us showing our strength – not just physically,” Ilyasova said, “(but) mentally, because we have to be ready. They will come out full force, and not just them – the fans and everything. We have to stick together and play our best game.”