Schenker China and MOC Seek Fraud Case Agreement
Schenker China Ltd and the Ministry of Communications have issued a joint notice confirming that they are in discussions to reach an agreement following a fraud notice served by the MOC in August. Joint investigations revealed that a Schenker employee had committed fraud by generating false documents and absconding with payments for licences. The MOC has since confirmed valid NVOCC licences for Schenker China Ltd, and confirmed that the company can continue to carry out shipping operations and business agreements in China through its other legal entities, Schenker International (HK) Ltd and Schenker Logistics (Shanghai) Co. Ltd, while other NVOCC licences for SCL are being issued. All other operations of SCL, such as airfreight, warehousing and trucking, remain unaffected.

First Federer, Now Nadal Stumbles in Shanghai
Twenty-four hours after world number one Roger Federer succumbed to Chilean Fernando Gonzalez’s power play in Shanghai, Spain’s world number two Rafael Nadal was beaten in three sets, 4-6, 6-4, 6-3, by compatriot David Ferrer. Despite winning the first set, Nadal seemed ill at ease and his service was repeatedly broken in the second and third sets. Though he rallied slightly from 5-1 down in the final set, Ferrer took the match with a cross-court winner on his own serve. Meanwhile, Serbia’s world number three Novak Djokovic appears to be heading for home, after losing his second round-robin match in straight sets to France’s Richard Gasquet. Ferrer leads the group with two wins and will play Gasquet (one win, one loss) in his final round-robin match on Thursday. Nadal (one win, one loss) will play Djokovic (two losses).

Last update : Wednesday, 14 November 2007

Keywords : Micro-Finance, MicroCred, Fraud, Schenker, Tennis

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