German police foil far-right plot to bomb opponents by model plane



BERLIN // German police have arrested a man over an alleged far-right plot to use explosives mounted on a model airplane against political opponents, authorities said yesterday.
The unidentified 23-year-old suspect, a known right-wing extremist of no fixed address, allegedly incited another man, 42, to build the device.
Police and prosecutors did not identify his suspected targets.
Police were also investigating two other suspects, men ages 22 and 24, over the alleged plan and had also raided their homes last week in the southwestern state of Baden-Wuerttemberg.
The arrested man had previously joined a rally of anti-immigrant group Die Rechte (The Right) on August 31 and hurled firecrackers at anti-fascist counter-demonstrators, injuring five.
A police search of the home of the alleged bomb builder netted a working explosive device, chemicals, several model aeroplanes, a data storage device and a video camera, said police.
Police said the 42-year-old man from Emmendingen district had no previous known history of political extremism and that he remained free on bail.
In June, German authorities staged raids after uncovering an alleged Islamist plot to carry out bomb attacks against state targets using model aeroplanes.
* Agence France-Presse

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Sukuk

An Islamic bond structured in a way to generate returns without violating Sharia strictures on prohibition of interest.

Company%20Profile
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Company%20profile
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Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A

Company name: Farmin

Date started: March 2019

Founder: Dr Ali Al Hammadi 

Based: Abu Dhabi

Sector: AgriTech

Initial investment: None to date

Partners/Incubators: UAE Space Agency/Krypto Labs