Illegally logged wooden from Cambodia likely ending up in U.S. homes
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U.S. shoppers distress using ground merchandise constituted of wooden illegally logged from Cambodia’s rainforests, a most up-to-date Mongabay investigation suggests.
The investigation centered on firms in Cambodia’s Sihanoukville Particular Economic Zone (SEZ) that create furniture and engineered wooden ground for the U.S. market. One firm particularly, Chinese language-owned Nature Floor (Cambodia), sources its plywood cores from Angkor Plywood, our crew came across. Angkor Plywood is a Cambodian firm that’s been accused of illegally logging bushes from stable areas admire Prey Lang Natural world Sanctuary.
“We aquire from Angkor Plywood … the firm supplies eucalyptus and acacia, they’ve their occupy plantation in Kandal province,” Jin Tian Liao, a translator for Nature Floor’s administration, instructed Mongabay. He admitted, on the other hand, that the firm crew had below no conditions visited the plantation. “They grow it, we aquire it, we accomplish ground and promote that to the U.S.,” he talked about.
Past investigations relish came across that Angkor Plywood, co-owned by worn logger Chea Pov and Taiwanese national Lu Chu Chang, doesn’t relish a plantation in Kandal, simplest a factory.
Chang moreover heads Accept as true with Biotech, a firm later rebranded to Holy Plantation, that, on paper, has a bushes plantation in Kratie province on the border of Prey Lang Natural world Sanctuary. Whereas Jin indicated Nature Floor became once on the lookout for acacia and eucalyptus from this plantation, Holy Plantation has been accused of relying closely on wooden illegally logged from inner Prey Lang in preference to bushes that’s plantation-grown.
“They [Nature Flooring] themselves don’t know what it is that they’re selling,” a bushes industry insider instructed Mongabay, including that minimal finding out is achieved to seem at the species or origin of the wooden. “If the potentialities in the U.S. who actually desire a inexperienced dwelling … trace they’re actually strolling on a jungle that they helped to cleave down, other folks will obtain upset.”
Nature Floor has had recurring issues with tracing the origin of the wooden it purchases. In 2017, the firm needed to conclude importing wooden from Papua Recent Guinea and the Solomon Islands after being accused of procuring illegally harvested wooden.
At the identical time, Nature Floor’s father or mother firm, Nature Dwelling, claims to be a “inexperienced” firm on its net space.
Mongabay’s investigation suggests that Nature Floor sells the plywood it sources from Angkor Plywood to factories admire Dazzling Floor, a subsidiary of Pennsylvania-based AHF Merchandise, which claims to be the biggest U.S. wooden ground manufacturer. When contacted, AHF instructed Mongabay in an emailed response that it “doesn’t exercise any illegally harvested wooden merchandise.”
“We relish a rigorous supplier vetting and compliance program to seem the least bit wooden merchandise are legally sourced. Any inferences to the contrary are merely now now not factual,” AHF talked about.
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Firms under police investigation over the construction of Grenfell Tower are unlikely to find out if they face charges before the end of 2026, according to official prosecutors.
The Metropolitan Police expects to receive the Grenfell Inquiry’s phase two report later this year.
It will then need “at least between 12 and 18 months” to complete its investigation and hand it over to the Crown Prosecution Service (CPS), it said today.
At a press briefing held today, the head of CPS’s special crimes unit, Rosemary Ainslie, said it was “not possible” to provide a definitive timescale on the process.
But she added: “It would be our hope that by the end of 2026 we will be in a position where we are making final charges.”
Met deputy assistant commissioner Stuart Cundy declined to speculate on how long it would take before trials would then take place, but said that in “typical major crime cases” it could be at least six months before trials begin.
“The more complex the cases, both in terms of scale and complexity, the longer that time could be,” he added. “And of course, the more defendants there might be in a case adds another level of complexity.”
In total, the Met has put together 20 early investigative advice files in the case, and has submitted eight of those to the CPS already.
The force’s probe into the 2017 fire, which killed 72 people, is investigating 19 separate companies and organisations plus 58 individuals for offences including corporate manslaughter, misconduct in a public office and gross negligence manslaughter.
One of the individuals was previously arrested and then released in October 2020, Cundy said.
Some individuals are also being investigated for fraud and perverting the course of justice, he said.
Cundy declined to give more details on the individuals or companies that are currently under investigation, citing efforts to protect the investigation itself.
“The police have one chance to get this investigation done to the right standard, the right quality and done the right way,” he said.
“We owe that to those who lost their lives and to everybody who has been affected by the tragedy.”
So far, the police has already carried out more than 300 hours worth of interviews, and has spent £107.3m carrying out its inquiry.
The police service said that 180 staff members were working on the investigation full time, and that there has been “no loss in momentum” since it launched its investigation into the fire.
The investigation has already generated 27,000 lines of inquiry and more than 12,000 witness statements. Members of the police force also spent 415 days forensically examining Grenfell Tower itself.
The Met said it was working on the investigation with experts in topics like building safety, based both in the UK and abroad.
Today’s update came after it emerged last month that the final report into the Grenfell Tower fire had been delayed for a third time.
The report had been due for release last autumn but the date was shifted to early this year, before the latest postponement.
In its last progress update in November, the Grenfell Tower Inquiry team said it aimed to publish its phase two report before the seventh anniversary of the fire on 14 June.
This date has been now pushed further into the summer.
This week, there were fewer notable executive
hires, promotions, and departures compared to last week. Online trading,
futures, cryptocurrency, forex, and fintech sectors experienced key executive
moves. The changes reflected the dynamic nature of these sectors.
NinjaTrader added four senior executives to its
management; Saxo Bank named Casper Solbakken as the Global Head of Commercial
Offering and Experience; CobaltFX promoted Stephen Nelson to Chief Operating
Officer and appointed Daniel Evans as CPO; Gracy Chen joined Bitget as CEO;
Broadridge onboarded two senior executives to lead European Issuer Services expansion.
Explore our exciting coverage of executive transitions
in online trading, futures, cryptocurrency, forex, and fintech sectors.
Executive Moves of the Week
NinjaTrader Expands C-Suite as Retail Traders Flock to
Futures
NinjaTrader appointed four experienced executives to
its team. This expansion arrives as the trading software provider pushes to cater to the rising demand for futures among
retail traders. The appointments include Ryan Pitylak as Executive Vice
President of Growth, Aditya Nishandar as Chief Technology Officer, John O’Neil
as General Manager of Evaluation Services, and Michael Krafft as Vice President
of Product.
Ryan Pitylak, Source: LinkedIn
Pitylak has over 15 years of experience in marketing,
strategy, and operations. He will focus on developing offerings centered around
trader education, social experiences, and partner networks. Nishandar has a background in technology
leadership and innovation. Previously, he worked as a Senior Director of Carta
Liquidity and dedicated more than a decade to Goldman Sachs.
Learn more about NinjaTrader’s new appointees, their level of experience, and the company’s focus on the futures market.
Saxo Bank Names Casper Solbakken as the Global Head of
Commercial Offering and Experience
Saxo Bank appointed Casper Andreas Solbakken as the
Global Head of Commercial Offering and Experience. Solbakken has been with the online trading and investment firm for more than 18 years serving in different
roles. Since July last year, he was the Global Head of Products, Pricing, and
Platforms.
Casper Solbakken, Source: LinkedIn
Solbakken has held other roles, such as Global Head of
Products and Services, Head of Equities, Product Specialist Equities, and
Quantitative Trader at Saxo. He joined the Danish bank in 2006 as a Student
Assistant for Equities and Derivatives. The appointment followed a recent restructuring at the Danish Bank, which led to a new entity called Group
Commercial will be led by Stig Christensen, who took over the role of Chief
Commercial Officer.
CobaltFX Promotes Stephen Nelson to Chief Operating
Officer, Appoints Daniel Evans as CPO
United Fintech’s CobaltFX elevated Stephen Nelson to
Chief Operating Officer. Previously, Nelson was the Global Head of Operations,
a role he held for five years. He joined the company in 2017 as the Head of
Solution Delivery and Support. CobaltFX also made another change to its C-level
management: Daniel Evans will transition to Chief Product Owner.
Stephen Nelson, Source: LinkedIn
According to the company’s announcement on LinkedIn,
Evans will focus on product development and innovation. He joined the company
in 2019 as a Product Analytics Lead before being promoted to Head of Product. United
Fintech acquired Cobalt, a provider of data and risk services to the digital
assets and foreign exchange markets, in 2022. The fintech firm disclosed that
it had acquired a 100% stake in Cobalt despite the challenges facing the
industry.
Expose more about CobaltFX’s promotion of Stephen Nelson to Chief Operating
Officer and the appointment of Daniel Evans as CPO.
From TV Host to Crypto Exchange CEO: Gracy Chen at the
Helm of Bitget
Gracy Chen, a seasoned entrepreneur with a decade of
experience in business management, marketing, and investment, landed the role
of Chief Executive Officer at Bitget. She will succeed Sandra Lou, who is
stepping down to pursue personal business goals. Chen’s involvement in the
blockchain and cryptocurrency industry began in 2014 during her tenure as a TV
host.
Gracy Chen, Source: LinkedIn
Chen joined Bitget as Managing Director in June
2022 to lead the platform’s growth strategies and global expansion initiatives.
During her tenure, Bitget’s number of users significantly expanded, attributed
to partnerships and a comprehensive global affiliate network. Besides her
duties as the CEO, she will continue as a columnist for Forbes. She is also a
“judge” on the first reality crypto TV show, “Killer
Whales”, featuring promising Web3 projects.
Broadridge Taps Two Senior Hires to Lead European
Issuer Services Expansion
Broadridge hired Simona Vitali, the Former Chief
Operating Officer for Europe at Morrow Sodali, to lead sales operations for its
new international issuer services. Mariana González also joined the team as
Sales Director for International Issuer Services. The new executives are
expected to enhance the company’s suite of investor communication tools across
Europe.
Simona Vitali, Source: LinkedIn
Vitali has over two decades of experience in corporate
governance, focusing on strengthening ties between institutional investors
and publicly listed companies. In her new role, Vitali will lead a new team of
sales executives throughout Europe, expanding Broadridge’s reach and impact in
the region. González has 15 years of experience in corporate banking, working at Royal Bank of Scotland.
This week, there were fewer notable executive
hires, promotions, and departures compared to last week. Online trading,
futures, cryptocurrency, forex, and fintech sectors experienced key executive
moves. The changes reflected the dynamic nature of these sectors.
NinjaTrader added four senior executives to its
management; Saxo Bank named Casper Solbakken as the Global Head of Commercial
Offering and Experience; CobaltFX promoted Stephen Nelson to Chief Operating
Officer and appointed Daniel Evans as CPO; Gracy Chen joined Bitget as CEO;
Broadridge onboarded two senior executives to lead European Issuer Services expansion.
Explore our exciting coverage of executive transitions
in online trading, futures, cryptocurrency, forex, and fintech sectors.
Executive Moves of the Week
NinjaTrader Expands C-Suite as Retail Traders Flock to
Futures
NinjaTrader appointed four experienced executives to
its team. This expansion arrives as the trading software provider pushes to cater to the rising demand for futures among
retail traders. The appointments include Ryan Pitylak as Executive Vice
President of Growth, Aditya Nishandar as Chief Technology Officer, John O’Neil
as General Manager of Evaluation Services, and Michael Krafft as Vice President
of Product.
Ryan Pitylak, Source: LinkedIn
Pitylak has over 15 years of experience in marketing,
strategy, and operations. He will focus on developing offerings centered around
trader education, social experiences, and partner networks. Nishandar has a background in technology
leadership and innovation. Previously, he worked as a Senior Director of Carta
Liquidity and dedicated more than a decade to Goldman Sachs.
Learn more about NinjaTrader’s new appointees, their level of experience, and the company’s focus on the futures market.
Saxo Bank Names Casper Solbakken as the Global Head of
Commercial Offering and Experience
Saxo Bank appointed Casper Andreas Solbakken as the
Global Head of Commercial Offering and Experience. Solbakken has been with the online trading and investment firm for more than 18 years serving in different
roles. Since July last year, he was the Global Head of Products, Pricing, and
Platforms.
Casper Solbakken, Source: LinkedIn
Solbakken has held other roles, such as Global Head of
Products and Services, Head of Equities, Product Specialist Equities, and
Quantitative Trader at Saxo. He joined the Danish bank in 2006 as a Student
Assistant for Equities and Derivatives. The appointment followed a recent restructuring at the Danish Bank, which led to a new entity called Group
Commercial will be led by Stig Christensen, who took over the role of Chief
Commercial Officer.
CobaltFX Promotes Stephen Nelson to Chief Operating
Officer, Appoints Daniel Evans as CPO
United Fintech’s CobaltFX elevated Stephen Nelson to
Chief Operating Officer. Previously, Nelson was the Global Head of Operations,
a role he held for five years. He joined the company in 2017 as the Head of
Solution Delivery and Support. CobaltFX also made another change to its C-level
management: Daniel Evans will transition to Chief Product Owner.
Stephen Nelson, Source: LinkedIn
According to the company’s announcement on LinkedIn,
Evans will focus on product development and innovation. He joined the company
in 2019 as a Product Analytics Lead before being promoted to Head of Product. United
Fintech acquired Cobalt, a provider of data and risk services to the digital
assets and foreign exchange markets, in 2022. The fintech firm disclosed that
it had acquired a 100% stake in Cobalt despite the challenges facing the
industry.
Expose more about CobaltFX’s promotion of Stephen Nelson to Chief Operating
Officer and the appointment of Daniel Evans as CPO.
From TV Host to Crypto Exchange CEO: Gracy Chen at the
Helm of Bitget
Gracy Chen, a seasoned entrepreneur with a decade of
experience in business management, marketing, and investment, landed the role
of Chief Executive Officer at Bitget. She will succeed Sandra Lou, who is
stepping down to pursue personal business goals. Chen’s involvement in the
blockchain and cryptocurrency industry began in 2014 during her tenure as a TV
host.
Gracy Chen, Source: LinkedIn
Chen joined Bitget as Managing Director in June
2022 to lead the platform’s growth strategies and global expansion initiatives.
During her tenure, Bitget’s number of users significantly expanded, attributed
to partnerships and a comprehensive global affiliate network. Besides her
duties as the CEO, she will continue as a columnist for Forbes. She is also a
“judge” on the first reality crypto TV show, “Killer
Whales”, featuring promising Web3 projects.
Broadridge Taps Two Senior Hires to Lead European
Issuer Services Expansion
Broadridge hired Simona Vitali, the Former Chief
Operating Officer for Europe at Morrow Sodali, to lead sales operations for its
new international issuer services. Mariana González also joined the team as
Sales Director for International Issuer Services. The new executives are
expected to enhance the company’s suite of investor communication tools across
Europe.
Simona Vitali, Source: LinkedIn
Vitali has over two decades of experience in corporate
governance, focusing on strengthening ties between institutional investors
and publicly listed companies. In her new role, Vitali will lead a new team of
sales executives throughout Europe, expanding Broadridge’s reach and impact in
the region. González has 15 years of experience in corporate banking, working at Royal Bank of Scotland.
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