Spanish Civil Guard Dismantles Protected Animals Trafficking Network to Morocco

Rabat – The Spanish Civil Guard has dismantled the international network engaged in trafficking protected species to Morocco.‘Operation Fennec’ supervised by Europol, is the fruit of a coordinated investigation with the participation of Portugal, Slovakia, and Morocco. It has so far enabled the arrest of 10 alleged members of the criminal organization. The Spanish Civil Guard also seized around 200 animals, including birds, mammals, and reptiles that were destined to be smuggled to Morocco, according to Spanish media.  The investigation was initiated after a complaint from a citizen to the NGO SEO / BirdLife which reported the information to the Civil Guard.The clandestine smuggling network had contacts in many European countries that provided them with protected specimens to illegally export them to Morocco. After investigating the suspects, Spanish authorities found out that smuggled animals were stored in an animals shop in Fuengirola and in Ronda, both situated in the province of Malaga.Spanish media reported on the existence of an emerging market in Africa dedicated to selling illegal animals.Read also: Morocco’s Royal Navy Aborts Drug Trafficking Attempt of 4 Tons of CannabisRun by four people, one of the members of the network had judicial records in species trafficking and was responsible for acquiring animals from across Europe.To secure a pass at police controls, the network had a veterinarian who issued the corresponding health cards for exotic animals.Among the arrested individuals is a Moroccan national residing in the Spanish city of Melilla. The person is believed to have been responsible for animal distribution in Morocco and finding potential buyers via social media.To facilitate the border-crossing to Morocco, the network used mules between Melilla and Nador.No further details have been provided by authorities on the date of the trials. read more

Canada Pension Plans investment board racks up 89 return more than enough

TORONTO — Canada Pension Plan Investment Board recovered from a weak quarter in late 2018 to produce a solid 8.9 per cent net return for its most recent financial year.The Toronto-based investment manager for the Canada Pension Plan said its CPP Fund had $392.0 billion of net assets as of March 31, up $35.9 billion from the end of the 2018 financial year after all costs.The fiscal fourth quarter also showed a recovery from a weak return of 1.1 per cent in the third quarter that was affected by a general downturn in stock markets in December.CPPIB’s five-year real rate of return, which adjusts for inflation, was 8.9 per cent as of March 31 while the 10-year real rate of return was 9.2 per cent.Those returns are well ahead of what the Chief Actuary of Canada has determined to be necessary to sustain the Canada Pension Plan to at least 2090.Related Stories:After best rally since 2000, Canadian stocks face a wall of worryAurora Cannabis sales volume nearly doubles as net revenue jumps 52 per cent read more