Austrian journalist Sandra Bakutz finally acquitted

first_img Help by sharing this information TurkeyEurope – Central Asia April 2, 2021 Find out more April 28, 2021 Find out more Journalists threatened with imprisonment under Turkey’s terrorism law RSF_en Follow the news on Turkey June 1, 2005 – Updated on January 20, 2016 Austrian journalist Sandra Bakutz finally acquitted TurkeyEurope – Central Asia News News to go further News News Human rights groups warns European leaders before Turkey summit The Ankara court for heavy penalties today ordered Sandra Bakutz’s provisional release pending trial on 1 June. Reporters Without Borders welcomes this decision but calls for all the charges against her to be dropped. Austrian freelance journalist Sandra Bakutz, who had been facing a sentence of 10-15 years in prison on a charge of belonging to an illegal organisation, was acquitted today by the Ankara court for heavy penalties on grounds of insufficient evidence. Bakutz had been released from police custody on 30 March and allowed to return to Austria pending today’s hearing, in which the judges decided to drop all charges against her. Reporters Without Borders welcomes today’s outcome.———————————————————-30 March 2005 Ankara court frees Austrian journalist provisionally, leaves charges in placeReporters Without Borders voiced relief at an Ankara court’s decision today to provisionally free Austrian journalist Sandra Bakutz pending trial on 1 June, but urged the Turkish authorities to go one step further and drop the charges against her of belonging to an illegal organization.”This young Austrian journalist has wasted enough days in prison,” the press freedom organization said, adding, “her release should definitive instead of provisional because the authorities have failed to support the charges against her.”Today’s hearing at the Ankara court for heavy penalties began at 2 p.m. in the presence of many Turkish and Austrian journalists and a Reporters Without Borders representative. Judge Orhan Karadeniz presided.Although prosecutor Salim Demirci produced no hard evidence, the court accepted his presentation of the charges while rejecting his request for Bakutz to remain in custody. Speaking in German, Bakutz rejected all the charges. She was defended by more than 20 lawyers.A reporter for Austrian radio station Orange 94.0 and the German weekly Junge Welt, Bakutz was arrested on her arrival at Istanbul’s Atatürk airport on 10 February on a charge of “belonging to an illegal organization.” She was transferred to the Pasakapisi detention centre in Istanbul on 16 February and from there to Gebze prison, 50 km to the south. Finally, on 1 March, she was transferred to Ulucanlar prison in Ankara, where she remained until today’s hearing.There will no restrictions on Bakutz’s movement while she awaits trial on 1 June. She still faces the possibility of a prison sentence of 10 to 15 years. Organisation Turkey’s never-ending judicial persecution of former newspaper editor April 2, 2021 Find out more Receive email alertslast_img read more

Pension funds split over meaning, duration of long-termism

first_imgPension funds regard themselves as long-term investors but disagree on what factors should define the ideal time horizon, according to a survey by IPE magazine.One-quarter of respondents to the Focus Group survey for the November issue of IPE said 3-5 years constituted a ‘long-term’ view, while nearly 78% of respondents considered themselves to be long-term investors.Only one respondent rejected the label outright.One UK pension investor pointed to the need for a long-term approach based on long-term liabilities, while an Austrian pension fund argued that it was important to take a generational view – at least when managing the assets of beneficiaries up until 45. There was less agreement among the 36 European respondents, managing nearly €290bn in combined assets, as to what constitutes ‘long term’ when investing in public market assets.More than one-third of pension investors said taking a 7-10 year view was long term, whereas nearly 14% believed the better definition was considering investments over the course of a business cycle.One-quarter of funds said a 3-5 year time horizon was adequate, and 17% argued in favour of a generational view, spanning 15-25 years.One respondent, a UK local authority scheme, said the long-term perspective manifested itself in asset allocation decisions, pointing to the development of emerging markets over the course of a generation.The fund added: “Stock selection does tend to take a shorter view, and this is probably dysfunctional.”A second UK corporate fund questioned whether the idea of long-term investing in public markets was compatible.“The idea that long-term investment should be public market inherently seems to be at odds with long-term investing,” it said.“Public markets are driven by short-term liquidity and [mark-to-market] ideology, which is anathema to long-term investing, which is about long-term, sustainable cash flows.”Despite this, nearly half of respondents did not see a problem in finding external public market asset managers “willing and able” to invest for the long term, and only 9% rejected the notion out of hand.One-quarter of respondents said asset managers could be found, but only for certain asset classes.A Swedish investor blamed the regulatory environment, not asset managers.“[The] main hassle is the short-term view of the regulator and new regulations where you value your liability against a short-term model,” it said.A second Swedish investor concurred.“If anything,” it said, “regulation is a problem – in particular, its tendency to change radically every 5-10 years.”When asked which factors prevented long-term investing, 24% cited the regulatory environment and 21% the maturity of their liabilities.Only 20% said the asset management industry’s unwillingness or skill was at fault.One respondent cited the career risk of misguided long-term investments.For more details on October’s Focus Group, see the current issue of IPElast_img read more