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2013-10-25 13:51:57

All 18 sailors aboard an Indian submarine hit by twin explosions and an intense fire are feared dead, a naval official said. The submarine had also been damaged in a deadly explosion in 2010 and had only recently returned to service.

'Bachelor' contestant death is apparent suicide

The family of a contestant from Season 14 of ABC's The Bachelor says that 29yearold Gia Allemand was found in her New Orleans home by her NBA player boyfriend, Ryan Anderson, on Monday night following an apparent suicide attempt. Allemand died Wednesday following a "critical loss of brain and organ function," her family said in a statement. The Bachelor alum, a former model, was one of the final three women trying to woo Jake Pavelka during the reality show's 2009 season. Although she didn't end up winning Pavelka's heart on the show, Allemand later found love with Anderson, who reportedly stayed by her side throughout her ordeal and death.

Turmoil in Egypt

A day after hundreds were killed in nationwide violence, Egypt is facing new uncertainty. The nation's Health Ministry on Thursday raised the death toll to at least 525, with 3,572 injured.

7 million for South Korean pitcher

SEOUL, South Korea (AP) The Los Angeles Dodgers have bid nearly $26 million for a chance to sign pitcher Ryu Hyunjin.

The Hanwha Eagles of the Korea Baseball Organization said Saturday they have accepted a posting fee of $25.7 million for the 25yearold lefthander. Major League Baseball later announced that the team was the Dodgers.

"We are thrilled to have this exciting opportunity," Dodgers general manager Ned Colletti said. "We have watched Ryu pitch for a long time and he is another option to consider as we look to improve our team in 2013 and beyond."

The Chicago Cubs and Texas Rangers were also among the clubs thought to be interested in Ryu.

Los Angeles now has 30 days to negotiate a minor league or major league contract with Ryu and his agent, Scott Boras.

Ryu was 9852 with a 2.80 career ERA during seven seasons in South Korea. He pitched for his country on teams that won a gold medal at the Beijing Olympics in 2008 and reached the championship game of the 2009 World Baseball Classic.

The $25.7 million fee will be paid to the Eagles only if Ryu signs with the major league team.

The posting system brought Japanese stars Yu Darvish, Ichiro Suzuki and Daisuke Matsuzaka to the majors. Last winter, the Rangers gave Darvish a sixyear contract guaranteeing him $56 million after submitting a record $51,703,411 posting bid to his former team,

5m before husband's arrest

Wall St swindler Bernard Madoff's wife, Ruth, received US$2 million ($3.53 million) in payments from the family's London business less than a month before his arrest, further drawing her finances into criminal investigations on both sides of the Atlantic.

The Serious Fraud Office (SFO) in the UK yesterday characterised Madoff's London operation as "a cog in the giant washing machine", as it set out how the former Nasdaq chairman ran his US$65 billion Ponzi scheme.

The SFO and the FBI in New York are each investigating who else might have known about Madoff's illegal activities, which stretch back at least to the early 1990s. Madoff claims he acted alone, and his wife has not been charged with any wrongdoing.

The US$2 million transfer to Ruth Madoff personally in late November was revealed by the SFO's Madoff case manager, Glyn Powell.

At that time, her husband had been seeking money to shore up his scheme.

For decades, while pretending to be investing in the stock market, Madoff had been paying clients with the fresh money coming in from new investors. The scheme began collapsing late last year as the new money dried up.

It emerged last month that Ruth Madoff also withdrew US$5.5 million from a brokerage account in the US at about the same time, and then took out another US$10 million on 10 December the very day her husband made his confession.

Prosecutors in the US are seeking to seize property, including the couple's Manhattan penthouse and three other homes, which is held largely in Ruth Madoff's name. Madoff, 70, was remanded in custody after pleading guilty to 11 charges earlier this month. Three counts of money laundering refer to the transatlantic transfers made between Madoff Investment Securities in New York and Madoff Securities International (MSI) in London, which investigators

believe were made to create the illusion of genuine investment activity and to boost profits at the sharetrading arm of his business.

"MSI UK played a significant role in the operation of Bernard Madoff's investment fraud," Powell said yesterday. "It was a cog in the giant washing machine."

MSI claimed to be a legitimate business set up just to invest the Madoffs' own money. Its offices were in the Mayfair area of London, and its traders were monitored by CCTV by Madoff from New York.

The investigation by the SFO is examining whether anyone in the London office knew, or should have known, that the Madoff enterprise was a fraud. Its officers say that there are still many unanswered questions but that their work is making fast progress and they expect that any charges will be filed before the end of this year.

The only other person to have been charged in connection with Madoff's fraud is his auditor, David Friehling, who was freed on bail in New York earlier this month. Friehling was paid up to US$14,000 a month by Madoff, but only "pretended" to audit his business, according to legal filings.

Madoff agreed to a freeze on her assets when her husband was bailed. She has hired a lawyer to represent her, since she is a party to numerous lawsuits from aggrieved investors.

Madoff's fraud is the largest in Wall St's history, hitting 4800 clients, including charities and celebrities. And it has humiliated the Securities and Exchange Commission, which investigated fraud allegations against Madoff yet failed to uncover the fraud.

4th Fleet Kicks Off NYC Hispanic Games

Rear Adm. Anatilio B. 4th Fleet (COMUSNAVSO/C4F) attended the 18th Annual Hispanic Games at the Armory New Balance Track and Field Center in New York City, Jan. 78. Navy, and is sanctioned by the National Federation of State High School Associations (NFHS), the Public Schools Athletic League (PSAL) and the Catholic High School Athletic Association (CHSAA).

"The Hispanic Games are an extraordinary track field competition with more adrenalinefed energy than one could ever hope for in a live sporting event. These young studentathletes are absolutely amazing. They come from high schools from across the region and reflect the very same richness in diversity that makes this country great," Cruz said.

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