By Laura D.C. Kolnoski |FORT MONMOUTH – Retail volatility played a role in a developer withdrawing from a “centerpiece” project of Fort Monmouth’s redevelopment. But the Fort Monmouth Economic Revitalization Authority (FMERA) is striving to keep the plan in play.At a January 2017 press conference in Oceanport, Parcel B Redevelopment, LLC, owned by Paramount Realty Services, Inc. of Lakewood, unveiled renderings of Freedom Pointe Town Center, an 89-acre, $130 million “mixed-use lifestyle destination” projected for 2019 completion. Residential, office, entertainment, food and 350,000 square feet of retail were envisioned inside the brick Johnson Gates, the former main entrance to the fort, on Route 35 in Eatontown, with fountains and a playground. Renderings depicted storefronts bearing the names LL Bean, Patagonia, Tommy Bahama, Shake Shack, and an iPic dine-in movie theater.“We were unable to come to terms with Paramount so they pulled out,” said Dave Nuse, FMERA’s director of real estate development, at the agency’s Feb. 21 monthly meeting. “FMERA is now in negotiations with the second-ranked bidder.” Renderings and a virtual reality video of the Freedom Pointe were still on the website of MMA Architects a week later.“Paramount had its own problems and withdrew willingly,” said interim FMERA Chairman Robert Lucky. “We are committed to making this a livable town center for Eatontown.” Eatontown Mayor Dennis Connelly thanked the board for “giving it a good shot. It got watered down over time, partly because of the way retail is in this economy. We just want to see the best project for Eatontown.” Eatontown’s Monmouth Mall nearby is also proposed for a redevelopment expansion project with 700 residential units, currently stalled in litigation.The town center use was designated in FMERA’s master redevelopment plan for the 1,128-acre former Army base spanning portions of Eatontown, Oceanport and Tinton Falls. The project promises thousands of construction and permanent jobs. To attract and retain occupancy and foot traffic, amenities like ice skating rinks, holiday and special events, and high-tech shopping options were promised by Paramount Vice President Lee Zekaria, who visited “next generation” malls nationwide, incorporating the most successful features in his firm’s plan. During last year’s press conference, he deemed Freedom Pointe the “crown jewel” of the fort’s redevelopment. Zekaria did not respond to a request for comment by press time.“The town center is a gateway,” said FMERA Executive Director Bruce Steadman. “All the bids we received were based on that. We have the same plan in mind.” Procedures prohibit officials from revealing the identity of bidders during the evaluation/negotiation process.Bowling Center Back on the BlockThe Fort Monmouth Bowling Center along the Avenue of Memories in Eatontown has returned to the real estate market after its redeveloper, a family firm that owns two bowling alleys in North Jersey, notified FMERA it “was not prepared to close on the property within the timeframes specified,” officials said. The company, known as FMBEC (the sole original bidder for the center), withdrew its proposal for the 17,600-square-foot brick structure on 2.3 acres Feb. 14.“Our preference is that it remains a bowling center, but if someone offers a higher and better use that’s justifiable, we must look at it,” Steadman said. The board approved proceeding with an offer to purchase rather than sealed bids because “potential purchasers have expressed interest in acquiring and renovating the property for recreation, entertainment, and related uses,” wrote FMERA staff, adding they are seeking “greater flexibility for selecting the right scenario that would maximize the development potential and economic value of the Bowling Center.” Staff also recommended giving bidders the option of ground leasing the land, making the lessee potentially eligible to obtain a special state concessionaire permit to sell alcohol on the premises.This article first appeared in the Mar. 1-8, 2018 print edition of The Two River Times.
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SHERMAN, HOLLENDORFER & BAFFERT COLLIDE IN MUCH-ANTICIPATED FOLLOW-UP TO B.C. CLASSIC; SAN ANTONIO TO BE PART OF ‘JOCKEY CLUB TOUR’ AND BE BROADCAST LIVE ON FOX SPORTS 1 ARCADIA, Calif. (Feb. 4, 2015)–Three of the nation’s most highly regarded 4-year-olds, Horse of the Year California Chrome, 2013 Eclipse Champion 2-year-old Male Shared Belief and recent San Pasqual Stakes winner Hoppertunity head a dynamic field of nine older horses in Saturday’s Grade II, $500,000 San Antonio Invitational, to be run at 1 1/8 miles this Saturday at Santa Anita.California Chrome, trained by Art Sherman, and Shared Belief, conditioned by Jerry Hollendorfer, will meet for the first time since Bob Baffert’s Bayern orchestrated a controversial gate to wire win in the $5 million Breeders’ Cup Classic at Santa Anita on Nov. 1. Although Bayern has yet to make his 2015 debut, Baffert will be represented by Hoppertunity, and thus, all three trainers are again front and center in what no-doubt shapes up as the biggest race of the New Year.A winner of last year’s Grade I Santa Anita Derby, Kentucky Derby and Preakness Stakes, California-bred California Chrome was third, beaten a neck in the Classic and he followed that with a two length win in the Grade I Hollywood Derby at 1 1/8 miles on turf Nov. 29–thus giving him four Grade I victories on the year.Although he had no apparent excuses in the Classic, “Chrome” was voted Horse of the Year as well as Eclipse Champion 3-year-old Male, in what many observers viewed as a partial rebuke to Bayern’s Classic triumph, which was tainted by the fact he bore in sharply leaving the gate, fouling Shared Belief and others.Owned by his breeders, Perry Martin and Steve Coburn, California Chrome is by Lucky Pulpit and is out of Love the Chase, a mare that won just once, an $8,000 maiden claimer at Golden Gate Fields. America’s most recognizable horse, chestnut hued California Chrome is blessed with outstanding tactical speed and the ability to carry it classic distances. In his quest to become racing’s first Triple Crown winner since Affirmed in 1978, California Chrome came up 1 ¾ lengths short in the Belmont, as he ran fourth, which also snapped a six-race winning streak.In addition to the Santa Anita Derby, California Chrome also won the California Cup Derby and the Grade II San Felipe at Santa Anita last year and is three for five lifetime in Arcadia. With nine wins, a second and a third from 16 overall starts, he has $4,222,650 in earnings. Based at Los Alamitos, he vanned to Santa Anita on Tuesday and will be ridden for the 11th consecutive time by Victor Espinoza.Undefeated in seven starts going into the Breeders’ Cup Classic, Shared Belief was the 5-2 post time favorite but in the opinion of many, lost all chance at victory when he was knocked sideways leaving the gate, causing him to take up shortly thereafter and losing early position. Although the rancorous aftermath of the Classic still hangs in the air, the Candy Ride gelding gained a measure of redemption by taking the Grade I, seven furlong Malibu Stakes on Santa Anita’s opening day, Dec. 26.Owned by Jim and Janet Rome’s Jungle Racing Stable, LLC, Hollendorfer, George Todaro, Jason Litt and Alex Solis II, Shared Belief twice defeated older horses last year, in the Grade I, 1 ¼ miles Pacific Classic on Aug. 24, and three starts back, in the Grade I, 1 1/8 miles Awesome Again Stakes at Santa Anita Sept. 27.Like California Chrome, Shared Belief has plenty of natural speed and he’s a proven warrior when the real running commences. Favored in seven out of his nine career starts, Shared Belief is two for three at Santa Anita and has eight overall victories, resulting in earnings of $2,032,200. Headquartered at Golden Gate Fields, he’ll again be ridden by Mike Smith, who has guided him to four wins in his last five starts.Hollendorfer will also saddle longshot Tonito M., who comes off a close fourth place finish to Hoppertunity in the Grade II, 1 1/16 miles San Pasqual Stakes on Jan. 10. A winner of six out of his first seven starts in Puerto Rico, the 4-year-old Kentucky-bred colt by Rock Hard Ten won the Grade III Oklahoma Derby three starts back, his lone win in eight stateside starts for Hollendorfer. He is 15-7-3-2 overall with earnings of $503,812.A winner of last year’s Grade II, 1 1/16 miles Rebel Stakes, Hoppertunity was subsequently second to California Chrome in the Santa Anita Derby, after which he went to the sidelines. Following a close second in a seven furlong allowance at Santa Anita Oct. 29, the Kentucky-bred colt by Any Given Saturday then pressed the pace en route to a half length win in the Grade I, 1 1/8 miles Clark Handicap at Churchill Downs on Nov. 28.In his 4-year-old debut Jan. 10, Hoppertunity was an impressive 1 ¾ length winner of the Grade II, 1 1/16 miles San Pasqual on Jan. 10. Owned by Mike Pegram, Karl Watson and Paul Weitman, Hoppertunity has two wins and two seconds from five starts at Santa Anita and is 8-4-2-0 overall with earnings of $1,070,675.A well beaten 15th in Japan’s Group I, 1 1/8 miles Champions Cup on Dec. 7, trainer George Papaprodromou’s Imperative was one of several horses who were negatively impacted at the start of the Breeders’ Cup Classic two starts back on Nov. 1. A sharp second from off the pace in last year’s San Antonio, the 5-year-old Bernardini gelding will hope for a fast pace. A miraculous $50,000 claim 12 starts back in December, 2013, Imperative made over $1.2 million last year. Owned by KM Racing Enterprise, he is 21-3-4-3 overall, with lifetime earnings of $1,320,870.Although well beaten in the restricted Clockers’ Corner Stakes going 6 ½ furlongs down Santa Anita’s hillside turf course on Jan. 25, veteran Clubhouse Ride has proven he can act with top horses on dirt and will try to make his presence felt from off the pace. Trained by Craig Lewis and owned by Six-S Racing Stable and Nikolas Petralia, the 7-year-old horse by Candy Ride was a winner of Santa Anita’s Grade II, 1 1/8 miles Californian last June and has amassed $1,321,132 in earnings from an overall mark of 42-5-9-10.A Group I winner in his native Chile, trainer Neil Drysdale’s Bronzo was sixth, beaten 4 ¾ lengths by Hoppertunity in his second U.S. start, the San Pasqual Stakes on Jan. 10. A 6-year-old gelding by Fusaichi Pegasus, Bronzo could well improve with a race under his belt and will hope to be flying late in the colors of his owner, Don Alberto Stable. He is 21-11-1-4 overall with earnings of $273,002.The complete field for the San Antonio, to be televised live on Fox Sports 1 and carded as the eighth race on a nine-card, with jockeys, weights and morning line in post position order: Hoppertunity, Martin Garcia, 123, 4-1; Tonito M., Rafael Bejarano, 120, 15-1; You Know I Know, Drayden Van Dyke, 118, 30-1; Imperative, Flavien Prat, 120, 20-1; Shared Belief, Mike Smith, 123, 7-5; Clubhouse Ride, Aaron Gryder, 120, 30-1; Bronzo, Gary Stevens, 120, 20-1; California Chrome, Victor Espinoza, 123, 6-5, and Alfa Bird, Tyler Baze, 118, 30-1. First post time on Saturday is at 12:30 p.m. Admission gates open at 10:30 a.m.
22 April 2010Dutch pension fund manager Algemene Pensioen Groep (APG) has committed US$250-million of equity capital to resources group Pallinghurst for investments in mining, $200-million (about R1.4-billion) of which has been earmarked for South Africa.The commitment is for up to 10 years, and will be made at the discretion of Pallinghurst Advisors.As a first investment, APG will apply for a $50-million allotment in the upcoming equity placement by platinum producer Platmin – a Pallinghurst portfolio company that is listed on the JSE, the Toronto Stock Exchange and London’s AIM alternative exchange.“We are proud to welcome the distinguished asset manager APG as co-investor in Pallinghurst,” Pallinghurst CEO Brian Gilbertson said in a statement this week. “We value APG’s confidence in our project initiatives, and indeed in South Africa.”Pallinghurst’s “steel-feed” platform is another likely core area of investment for the APG funds, as the global steel market races to secure raw material input.Sustainable development, job creationAPG senior fund manager Frank Asselbergs said that following a rigorous due diligence process, the pension fund manager decided to partner with the Pallinghurst team to broaden their exposure to the sustainable development of natural resources, and to key commodities in particular.He said APG was very impressed with the commitment of the South African government to develop the natural resources sector in a responsible way and to encourage broad-based community groups to share in its embedded wealth, while creating an attractive investment climate for institutional investors.“We trust that our commitment will not only provide attractive returns for APG and its clients, but also facilitate job creation and financial upliftment in South Africa,” Asselbergs said.Blue-chip investorsPallinghurst CEO Arne Frandsen said that with the APG commitment, the company had raised more than $1.5-billion, and had invested more than $500-million of mainly foreign funds into the South African mining industry over the past 18 months.“We will continue to focus on attractive, sustainable and socially responsible investments, which will not only provide our investors with superior returns but also benefit all our stakeholders,” he said.The APG investment represents the second recent commitment by a long-term blue-chip foreign investor into Pallinghurst and Platmin, following the $100-million committed by the Singapore sovereign wealth fund Temasek in March 2010.In a separate statement Temasek, this week announced it would apply for an additional $50-million allotment in the upcoming equity placement by Platmin, increasing its commitment to Platmin to $150-million.“This commitment, taken together with that made last month by Temasek, gives Pallinghurst additional financial strength in the evolving resource sector,” Gilbertson said.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material
Like indie filmmaking? This might just be the cheapest DIY video camera rig in the world.All images via thefrugalfilmmaker.When it comes to indie filmmaking, it’s not uncommon to need a little creativity when it comes to your rigs. Shopping-cart dollies and Rollerblade sliders are common in the indie world. In fact, there’s an entire Instagram channel dedicated to celebrating terrible camera rigs.In this post, we’re going to take a look at a rig created by the FrugalFilmmaker.DIY Stabilizer RigThere are a lot of reasons why you may want a handheld stabilizer rig. If you shoot a lot of action scenes or skateboarding videos, you don’t want to get caught without one, but even affordable rigs will run you at least $70. Luckily for us, the following video outlines how to create a DIY Handheld Stabilizer Rig for less than $5. Here’s what you’ll need:4 x 1/2″ PVC pipe, 6″ in length4 x 1/2″ PVC pipe, 4″ in length1 x 1/2″ PVC pipe, 3 3/4″ in length1 x 1/2″ PVC pipe, 1 1/2″ in length5 x 1/2″ PVC T-joints4 x 1/2″ PVC 90-degree elbow joints1 x 1/2″ PVC plug1 x 1/4″-20 machine screw, 2 1/2″ in length2 x 1/4″ nuts1 x springThis rig is somewhat compact, so it’s likely that you will only want to use this technique for DSLR or lightweight-camera options. This compact design helps those who want to adjust camera settings mid-shot, as you can adjust settings with your thumb while the holding the rig with your fingers.The video shows an alternate version of the rig that uses rubber bands to create a shock mount for a shotgun mic. If you don’t have a dedicated audio engineer, this mount could be quite handy. Plus, it only costs $1.20 to build, so it won’t break the bank.It’s worth noting that this rig isn’t going to remove all shake and movement from your video. Instead, this is simply a helpful tool that reduces the camera shake associated with handheld cinematography by about 50 percent. Here’s the video:After you’re finished shooting with this rig, you can stabilize the footage with the warp stabilizer plug-in in either Premiere Pro or After Effects. Warp stabilizer works by analyzing your footage and stabilizing it using an algorithm. Specifically, warp stabilizer generates pseudo-cinematic shots from even the bumpiest footage. This video from Adobe demonstrates how to use the warp stabilizer in Premiere Pro.One of my favorite things about the warp stabilizer is that you can adjust how smooth you want your footage to be. This is a great tool for dialing in the right amount of camera shake.If you want to learn more about DIY filmmaking, check out the DIY section of the blog here at PremiumBeat. From fake rain to track dollies, we have DIY tutorials for just about every type of production.Have you created your own camera rig? Share the details in the comments.
China, Korea advance to AVC semis Read Next Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Don’t miss out on the latest news and information. Hong Kong’s leader rejects ‘police state’ label PLAY LIST 01:10Hong Kong’s leader rejects ‘police state’ label01:44Opposition heckles lead Hong Kong leader to abandon policy speech02:20Hidden healers treat Hong Kong protesters01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games LOOK: Venues for 2019 SEA Games SEA Games in Calabarzon safe, secure – Solcom chief Brace for potentially devastating typhoon approaching PH – NDRRMC Flags of SEA Games countries raised at Athletes Village Christian Standhardinger. Photo from Fiba.comBolstering its roster for the upcoming 2018 ASEAN Basketball League season, reigning champion Hong Kong Eastern Long Lions have signed up Christian Standhardinger as their Heritage import for their title retention bid.You First Basket, the Fil-German big man’s agency, confirmed the news on Sunday in a tweet.ADVERTISEMENT MOST READ UPLB exempted from SEA Games class suspension The 28-year-old Standhardinger has impressed in his short stint with Gilas Pilipinas, leaving a strong impression thanks to his fearless style of play down low.He averaged 11.8 points and 7.4 rebounds in his debut for the national team in the 2017 Jones Cup and upped his scoring in the 2017 Fiba Asia Cup, netting 15.5 markers and 6.5 boards through the three games in the group stages.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutStandhardinger’s addition to Hong Kong keeps the squad as the favorites in the regional league as he joins defending ASEAN Heritage MVP Tyler Lamb and World Import MVP Marcus Elliott this coming season. LATEST STORIES WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Man sworn in as lawyer by judge who sentenced him to prison as a teen 20 years ago View comments
Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Grace Poe files bill to protect govt teachers from malicious accusations The proceeds of the game will go to the PBA Foundation.Willie Miller also had 16 in the fourth as he and Caidic engaged in a virtual shootout to the delight of the fans. Miller, a two-time MVP who suited up for Alaska from 2006 to 2010, finished with 20 points.Johnny Abarrientos, a 12-time PBA champion winning nine titles as Alaska’s main man including a Grand Slam in 1996, also showed flashes of his vintage form to come away with 11 points, 10 rebounds and two steals.ADVERTISEMENT “It feels great. But more than the result and the game you watched, it’s the solidarity of the players. We came together for a good cause,” Caidic, who played for the Beermen from 1993 to 1998, said.Caidic, who turns 56 in June, started slow before heating up as the game went on to finish with a game-high 26 points on 6-of-14 shooting from downtown. He fired 16 points in a back and forth final frame alone.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesThe crowd, fully engaged from the opening tip to the final buzzer, cheered every time Caidic received the ball behind the arc and roared when he swishes it.More often than not, Caidic, widely-recognized as the greatest shooter in Philippine basketball, found the bottom of the net just like old times in the late 80s to the mid 90s. LATEST STORIES Defending champ La Salle tops Ateneo to open UAAP Season 81 campaign Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ ‘We are too hospitable,’ says Sotto amid SEA Games woes Oil plant explodes in Pampanga town Oil plant explodes in Pampanga town US judge bars Trump’s health insurance rule for immigrants Private companies step in to help SEA Games hosting ‘We are too hospitable,’ says Sotto amid SEA Games woes SEA Games hosting troubles anger Duterte Allan Caidic. PBA IMAGES“The Triggerman” is still locked and loaded.After all these years, Allan Caidic can still shoot the lights out and he shot San Miguel Beer past Alaska, 96-83, in the PBA Legends: Return of the Rivals charity event Sunday before a packed Araneta Coliseum crowd.ADVERTISEMENT View comments
About the authorPaul VegasShare the loveHave your say Huddersfield winger Elias Kachunga: Positives gained from Man Utd defeatby Paul Vegas10 months agoSend to a friendShare the loveHuddersfield Town winger Elias Kachunga insists there’s positives to come from defeat at Manchester United.Kachunga made his first start since the September defeat at Leicester.”I think we played a good game and had our chances to go 1-0 up and even 1-1. We have to take the positives out of this game and move on,” said the winger.”Everyone has to work on putting the ball in the net and to have a good feeling on the pitch. It could’ve been a different game if we went 1-0 up.“We create the chances, now we just have to finish them.”Kachunga added: “I am happy that I am back and that I played against Manchester United, and I hope I can help the team with my fighting spirit and everything that I have.”
Mumbai: Alia Bhatt is set to star as female lead opposite Salman Khan in filmmaker Sanjay Leela Bhansali’s next, which is titled, “Inshallah”, the makers announced Tuesday. The film be co-produced by Khan and Bhansali’s production banners. Bhansali is re-teaming with Khan after two decades as a lead in the film, which is described as a “love story”. Salman took to Twitter to share the news. “It’s been 20 years but I am glad Sanjay and I are finally back in his next film, ‘Inshallah’. Looking forward to work with Alia and inshallah we will all be blessed on this journey. #Inshallah #SLB @aliaa08 @bhansali_produc @SKFilmsOfficial,” the actor wrote. Also Read – I have personal ambitions now: Priyanka Bhansali Productions also confirmed the announcement. “Finally all speculations and wait end as 2019 brings together #SLB, @BeingSalmanKhan and @aliaa08 in his next film, #Inshallah. Wishing that this entire journey be filled with a lot of love and Inshallah, the team is blessed with hope and faith @SKFilmsOfficial @prerna982,” the tweet from their official handle read. The film also marks Bhatt’s first collaboration with both Khan and Bhansali. Also Read – Salman Khan remembers actor Vinod Khanna She said working with the actor-director duo is a dream come true for her. “I was nine when I first walked into Sanjay Leela Bhansali’s office, all nervous and hoping and praying that I would be in his next film. It’s been a long wait. “Dream with your eyes wide open they say and I did. Sanjay Sir and Salman Khan are magical together and I can’t wait to join them on this beautiful journey called ‘Inshallah’#SLB @BeingSalmanKhan @bhansali_produc @SKFilmsOfficial @prerna982,” Bhatt tweeted. The development came almost a month after Prerna Singh, CEO of Bhansali Productions, revealed Khan will star in Bhansali’s next venture. The filmmaker made his directorial debut with 1996’s “Khamoshi – The Musical”, which starred Khan. The actor went on to feature in the director-producer’s classic “Hum Dil De Chuke Sanam” in 1999 opposite Aishwarya Rai Bachchan and Ajay Devgn. Khan also made a cameo in Bhansali’s “Saawariya”, which launched Ranbir Kapoor and Sonam Kapoor.
Kolkata: Police have initiated a case over the death of the alleged drug addict whose body was found on Sunday morning at Kalighat area. The cops have also got hold of a CCTV footage of the incident.The youth identified as Sankar Mondal (25) was reportedly beaten to death by some local residents. According to sources, after autopsy examination, concerned doctor said Mondal had died due to internal bleeding. Also, signs of assault was found during the autopsy. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaDuring preliminary investigation sleuths came to know that Mondal was beaten around 2:30 am on Saturday night. He was tied to a tree and assaulted by more than one person. Some locals informed the police about it. Based on the information, sleuths have got a CCTV camera footage where the incident could be seen. But as the footage is not clear enough to identify any person, sleuths are trying to find who were present there at that point time. Police have already got two names and trying find other accused in the case. Also Read – Bengal civic volunteer dies in road mishap on national highwayA case under sections 304 IPC (punishment for culpable homicide not amounting to murder) was slapped against unknown accused persons. Though Mondal was a drug addict and a habitual thief, sleuths are trying to be sure whether he had committed any crime on Saturday night. Some locals alleged that he was being beaten for allegedly stealing a mobile phone. But no mobile phone was found from him on Saturday night when Mondal was being beaten up. Till Monday no complaint has been lodged about missing mobile phones from the area.
New Delhi: The Supreme Court on Friday threatened to jail Malvinder Mohan Singh and his brother Shivinder Mohan Singh, former promoters of pharmaceutical company Ranbaxy, for not complying with an order to pay dues to Japanese firm Daiichi Sankyo. “We will go into the issue – why you violated our orders. We will send you to jail,” the apex court said. The court was hearing a petition filed by Daiichi Sankyo, which is seeking to recover Rs 3,500 crore awarded to it in an arbitration by a Singapore tribunal against the Ranbaxy brothers. Also Read – India gets first tranche of Swiss bank a/c details Rubbishing the claims of the former Ranbaxy promoters, a bench headed by Chief Justice Ranjan Gogoi told the defence counsel: “You may be owning half of the world but there is no concrete plan as to how the arbitral amount would be realised. “You said that somebody owed you Rs 6,000 crore. But this is neither here nor there.” Comprising also of Justices Deepak Gupta and Sanjiv Khanna, the bench fixed the next date of hearing as April 11. Also Read – Tourists to be allowed in J&K from Thursday One of the Ranbaxy counsels said they have assets and their values have been submitted to the court. Moreover, they also have immovables. They have two operating businesses and an IT company. Shivinder Singh, who was present in the court, said the total value of their assets after liquidation was nearly Rs 900 crore and if an opportunity was given by the court he could certainly work to grow these assets up to Rs 2,000 crore. “The group’s situation has changed in the last couple of years,” he pleaded before the court, seeking more time to comply with the foreign arbitration. Daiichi had bought Ranbaxy — founded by the Singh brothers — in 2008. Later, the Japanese company moved the Singapore arbitration tribunal alleging that the brothers had misled the company and concealed information that the company was facing a probe by the US Food and Drug Administration and the Department of Justice.