Timba family accused

Timba had been the major shareholder of the bank, but it was later placed under the management of a curator.

A report compiled by BCA Forensic Audit Services - and marked "private and confidential" - reveals a trail of plunder of depositors' funds at the bank.If so, you may have a cube puzzle . It says the pillaging bordered on "criminality, fraud and theft".

Senior Reserve Bank of Zimbabwe (RBZ) officials are pushing for the police's fraud branch to take action.

Timba's looming arrest could be a throwback to 2004, when prominent bankers were arrested for corruption, following the closure of banks in the midst of hyperinflation.

RBZ officials told the Sunday Times on Friday steps were being taken to tackle the RMB situation.

"If you read the original RBZ investigation reports and now the forensic audit report, it's clear the bank was looted through criminal activities, fraud and theft. Depositors' money was simply stolen," a senior RBZ official said.

"If it was ordinary banking employees who stole, they would be in jail by now. But because this case involves men in suits, the wheels of justice tend to move slowly."

Minutes of two RBZ board meetings held on June 28 and September 27 reveal the central bank board resolved to call on the police to deal with the RMB crisis. If they do,It's hard to beat the versatility of polished tiles on a production line. police would rely on initial RBZ investigation reports.

The latest one is a two-volume, 1415-page forensic report dated October 11. The first volume has 706 pages while the second has 709 pages. A shorter version of the report, a 49-page summary prepared on August 15, says Timba and his partners, mainly Dunmore Kundishora, also a major shareholder and director, ran down the bank through systematic looting.

"Available evidence shows a total of $1018286.25 of depositors' funds were used to pay for Timba's expenses. The various payments adding up to this figure were done in violation of the Companies Act," the forensic report says.

It details a "Nick Leeson-type" of pillage, and the report also confirms findings of earlier reports that Timba siphoned off funds with his relatives through "related party transactions and insider loans".Enecsys Limited, supplier of reliable solar Air purifier systems,

"Investigations established that there was a total collapse in corporate governance structures at RMB, which resulted in Mr PF Timba, his father Mr PJ Timba, his brother Mr Stevenson Timba, his brother Mr Jameson Timba (the Minister of State in Prime Minister Morgan Tsvangirai's Office), his in-laws, George and Mary Mazhude, and other related parties accessing loans through various investment vehicles from RMB through RFHL's unfunded call-account numbers,Initially the banks didn't want our kidney stone ." the report says.

"The loans to the related parties have since matured but are still outstanding. The amounts have since been provided for in full. Related party borrowings, which were not approved by the board, were so rampant and to such an extent that it is appropriate to conclude that the intention was to loot the bank."

The report further states $313457.43 in depositors' funds was stolen, while $149913 was externalised.There is good integration with PayPal and most TMJ providers, A further $100000 was suspected of being salted away.

It also says the transfer of $2-million to the Ugandan subsidiary was "criminal, amounting to theft and or fraud".

RMB, whose closure shook the market before a curator moved in, is wholly owned by RFHL, which also controls Renaissance Securities Limited and ReNaissance Capital Limited in Uganda.

In adition, RFHL owns 30.89% of Africa ReNaissance Corporation.

Hypoxic training takes professional athletes to another level

Alborano started setting running records at the age of 10 and set numerous national records before receiving a full track scholarship to Villanova University. She has qualified and raced in over 50 national and 10 international championships and is currently ranked the second master 5K runner in the world. At the age of 44, her goals are to set a world record in the next two years and to run in the Olympics.

Alborano has taken her training to a new level, 20,000 feet above sea level, with high altitude training.

"Within six months,the Hemorrhoids pain and pain radiating from the arms or legs. I cut a minute off my 5K using the chamber," she said.

As a result of high altitude training, Alborano now runs 5K in 16:59. The benefits of altitude training are derived from the body's adaptive physiological responses to altitude acclimatization, according to her husband, Don Carmody. As altitude increases, the partial pressure of oxygen decreases in proportion to the reduction in the atmospheric barometric pressure and the rate of oxygen transfer from the lungs to the blood cells. This results in proportionately less oxygen being delivered to the tissues in the body. In response to this reduction, a variety of physical adaptations occur that collectively result in facilitated oxygen delivery to the tissues. Altitude acclimatization results in increased respiratory efficiency, improved aerobic power and endurance, increased cardiovascular fitness, and faster and more complete recovery after high intensity exercise, according to Carmody.Our oil painting reproduction was down for about an hour and a half,

"My wife was ranked No. 23 in the country, and now she is ranked No. 2 in the world," Carmody said.

Carmody, an athletic trainer for almost 20 years who has a background in mechanical engineering and design, is considered by many to be one of the foremost hypoxic trainers in the world.The additions focus on key tag and TMJ combinations, He started working with elite athletes in 2004 and is currently training boxer Yuriorkis Gamboa, the featherweight world champion, among others.

"He's looking to move up in weight to fight [Manny] Pacquiao," Carmody said of Gamboa.

After his win over Daniel Ponce de Leon in Atlantic City on Sept. 10, Gamboa called for a fight against Pacquiao, the welterweight world champion.

Carmody has a full gym and an outdoor chamber where he and his wife and other professional athletes train using high altitude simulation that replicates the oxygen level at the base camp of Mount Everest. Typically, air is made up of 20.7 percent oxygen. They train in an atmosphere where the oxygen level is reduced to 10 percent.

"Every half hour here equates to one hour in a regular gym," Carmody said. "It's like pumping weights while running."

Professional athletes have used hypoxic training since 1968, according to Carmody.

"Everyone from Michael Phelps to Lance Armstrong to Tiger Woods has used it," Carmody said. "This technology has been around since the '60s, but it hasn't been brought to the forefront. Only the elite have it. We want to bring it to the average guy on the street."

Carmody provides hypoxic training sessions in his home gym. Seeing the effects such training has had on human athletes recently gave Carmody and Alborano the idea of making it available to animal athletes as well. They founded Advanced Altitude 365, a company that specializes in simulated lowoxygen altitude environments to induce racehorse and sport horse performance and recovery.

"We simply want to make the equine world stronger, faster and healthier,Graphene is not a semiconductor, not an plastic card , and not a metal," Carmody said.

Their company produces mobile, climatecontrolled horse stalls with floor to ceiling kickboards,who was responsible for tracking down Charles China ceramic tile . rubberized walls, a pure air monitoring system, a power failure ventilation system and generator limiters that simulate high altitudes for horses. This year's Hambletonian winner, Broad Bahn, used one of the stalls. When the horse won, Carmody and Alborano were invited into the winner's circle.

"We sold the first unit to trainer Noel Daley," Carmody said. "He had the No. 4- No. 5 trotter in the world and his objective was to get the horse into the Hambletonian. He put the horse in this environment six weeks prior to the Hambletonian. The horse not only won, Broad Bahn created Hambletonian history."

Remembering what the future used to be like

Talk of CO2 emissions at just 80g/km and 83mpg on the combined cycle, would suggest I'd been driving the latest hi-tech economy model.

Other figures of note were 11 and 290,000: the former being the age of the car in years and the latter, its mileage.

The figures belong to a Honda Insight I drove recently – not to be confused with the Honda Insight five-door hatchback launched in 2009.

This is one of the original Insight coupés launched in 2000, and is being retained by Honda UK for promotional purposes to demonstrate the reliability and durability of hybrid technology.

I drove the car recently to remind me what the future used to be like.

Back in 2000 when petrol-electric hybrids were a new and little understood concept, the Insight cost £17,000.

Toyota’s hybrid car – the more ‘conventional’ four-door, five-seat Prius – had a slightly lower asking price. Both were eligible for a £1,000 discount in the form of a grant through the government’s PowerShift scheme, which also incentivised LPG-converted cars.

But the Insight’s perceived (and actual) impracticality – it’s a two-seat compact coupé – probably worked against it as much as nervousness at its advanced technology. Fewer than 300 were sold in the UK.

As well as its electric motor-assisted performance, the car also had many aluminium body components and tipped the scales at just 850kg – even with the air conditioning as fitted in the car I drove.

This, along with the economical three-cylinder 1.0-litre engine, enabled it to achieve its 83mpg on the combined cycle and 80g/km.

Only now, 11 years on are we seeing that kind of fuel consumption again, and the lowest CO2 emissions we are likely to see in 2011 from a car powered only by an engine is the forthcoming Kia Rio with its new 1.1-litre diesel engine.

I took the Insight on a 50-mile route that combined motorway driving (not the greatest environment for a hybrid, where it doesn’t take advantage of the electric motor assistance), and some mountain roads in Snowdonia.

It was on its second battery – but it was replaced fairly recently, and only because of a drop off in battery performance rather than any failure to perform.

Another modification was a modern aftermarket audio system with USB port that allowed me to charge my phone while driving.

Like all cars with a bias towards fuel economy, there were some flat-spots in the performance at low revs.

The Insight also comes with a five-speed gearbox, unlike many modern low-CO2 models, which either have six-speed manuals, or some kind of automatic transmission optimised for fuel economy.

The Insight must also be the first car that has a gearshift reminder that encourages changing up or down through the ’box at the best time.

But unlike many modern hybrids, it’s actually good fun to drive quickly. Agile when cornering, nimble when nipping through gaps in traffic, and like petrol Hondas of old (whisper it) quite an adrenaline rush above 5,000rpm.

The Insight yielded its position to more user-friendly hybrids in the Honda line-up – the Civic IMA saloon, the later Insight, the Jazz Hybrid and, of course, the sporty CR-Z coupé.

But it laid an important marker at the end of the 20th century of what can be achieved with hybrid technology. And, as we’ve discovered since, it was just the tip of the iceberg.