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Investopedia
6 Companies Owned By Apple
~4.0 mins read
Apple Inc. (AAPL), one the world’s largest companies, had a market value of $3.4 trillion as of September 2024 and posted net sales of $383.3 billion in fiscal year 2023. Since its founding in 1976, the technology giant has grown into a diversified technology giant that sells devices such as iPhones, iPads, and Mac computers, as well as software and streaming services such as video games and Apple TV+. When it comes to acquisitions, Apple’s strategy has been to purchase small tech companies that it can easily integrate into its expanding line of products.
In 2020, Apple made a higher-than-usual number of acquisitions later in the year, including the popular weather app Dark Sky. In May 2020, the company also spent an estimated $100 million to purchase virtual reality streaming service NextVR.
The year 2021 has been marked by legal trouble that threatens the company’s apps ecosystem. Apple’s apps help drive the company’s services business, which generates $60 billion a year in revenue. Epic Games, maker of the popular video game Fortnite, sued Apple for alleged anticompetitive behavior related to its App Store. There has been no ruling on the case as of July 2021.
Below, we look in more detail at six of Apple’s most important acquisitions. The company does not provide a breakdown of how much profit or revenue each acquisition currently contributes.
Apple’s largest acquisition as of April 2024 is the $3 billion purchase in cash and stock of audio products maker Beats Electronics and its streaming service, Beats Music. Beats Electronics was founded in 2006 by music producer and rapper Dr. Dre and record executive Jimmy Iovine and released its first headphones in 2008. The acquisition has allowed Apple to sell the Beats line of headphones in its retail stores and with resellers. At the time of the acquisition, Beats was an independent company with minority stakeholders including Dr. Dre, Iovine, and private equity firm Carlyle Group.
Apple used several elements of Beats Music to help build its Apple Music streaming service. Beats Music was shut in 2015, and its subscribers were transferred to Apple. Apple has been aggressive about making Beats Electronics products a key part of the company’s offerings, including its Beats-branded headphones, earphones, and speakers.
SRI International Artificial Intelligence Center originally developed Siri in conjunction with Nuance Communications, a company focused on speech technology. SRI International spun off Siri as an independent company in 2008. Early on, Siri was developed as an individual app to be used for everyday tasks like booking reservations at restaurants, getting weather reports, or buying tickets to a sports event. Apple integrated the voice-activated technology into its early iPhone models. Siri technology is now used on many Apple products, including the iPhone, Apple Watch, Mac PCs, and Apple TV. Siri reflects Apple’s strategy of acquiring a tech company for a specific technology, then integrating that technology into its existing products.
Founded as Shazam Entertainment Limited in 1999, Shazam is the company behind the namesake music identifier app. Apple completed its purchase of Shazam in 2018 for an estimated $400 million, with the goal of integrating the technology into iPhones and other smart devices.
Although Apple already had a music identifying system built into Siri, Shazam’s was regarded as more robust. The company announced that it would remove advertisements from all tiers of Shazam service, relying instead on revenue generated from song purchases made through the app.
Founded in 1985 by Apple co-founder Steve Jobs during a period in which he had been forced out of Apple, NeXT developed hardware and software platforms. The company was perhaps best known for its NeXT computer, built for higher education and business use.
Apple announced the agreement to acquire NeXT in December 1996, which was followed by Jobs’ return to the company as CEO. For roughly two decades, NeXT remained the most expensive acquisition for Apple, but its technology played a key role in the development of Apple products.
AuthenTec Inc. was founded in 1998 as a spin-off of Harris Corp. (then known as Harris Semiconductor). At the time of its acquisition by Apple in 2012, AuthenTec held roughly 200 patents in a multitude of computer and technology security applications and products.One of those turned out to be the most useful to Apple, and the one that the tech giant would integrate into a huge array of its devices: its biometric security tool.
That tool would later become Apple’s Touch ID. This technology now enables users to unlock iPhones and other devices with the touch of a finger. As with many other Apple acquisitions, AuthenTec’s products have been integrated in Apple’s existing offerings as added features.
Mobeewave was founded in 2011 in Montreal. The software company developed a system utilizing near-field communication (NFC) technology to allow users to tap either a smartphone or a credit card to another smartphone to process a payment.
Apple’s acquisition price of about $100 million is relatively small compared with some of its major acquisitions. But Mobeewave’s technology could play an outsize role in future Apple financial products. In 2019, Apple already launched its own credit card, the Apple Card. And Mobeewave could place Apple more in direct competition with payment services companies like Square Inc. (SQ).
As part of our effort to improve the awareness of the importance of diversity in companies, we have highlighted the transparency of Apple’s commitment to diversity, inclusiveness, and social responsibility. The below chart illustrates how Apple reports the diversity of its management and workforce. This shows if Apple discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markers. We have indicated that transparency with a ✔.
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Futbol
When Liverpool Nearly Missed Out On Salah
~4.1 mins read
A meeting is about to take place at Liverpool and the subject will be Mohamed Salah. On one side you have those providing data and video evidence that Salah is the right signing. On the other side is former Liverpool manager Jurgen Klopp. "Jurgen's preferred option for that summer was Julian Brandt, who was a great player," said former Liverpool director of research Ian Graham, who spoke to BBC Sport as part of a documentary released on BBC iPlayer about Liverpool's journey to winning the 2018-19 Champions League. "Jurgen had obviously known him very well, coming from the Bundesliga, and knew the German market very well. "We agreed that Brandt was a very good young player but not a standout in the same way that Mo was. From our data analysis point of view Mo was the best young wide forward in Europe, full stop. "Roma were under pressure to sell because their finances were not in a good place, so we knew he was available for a good price. "He played a forward and wide role that we needed to fill at the time, whereas Brandt was more of an attacking midfielder." Graham added: "It's to Jurgen's credit that he engaged in that debate in an honest way with his eyes open to say, 'OK, I'm open to be convinced, show me that Mo is better'." Klopp didn't need much convincing and Liverpool signed Salah from Roma in June 2017 for £34m. The Reds believed the Egypt international would be a "future superstar" and so it has proved. Salah, who is yet to agree a new contract with Liverpool beyond this summer, has gone on to become a Liverpool legend. He has scored 243 goals and registered 109 assists for the club in 393 appearances and, under Klopp, helped the Reds win the Champions League, Premier League, FA Cup, League Cup and Fifa Club World Cup. Graham was a consultant at Tottenham from 2007-2012 but "they never really had the ambition to make more" of data whereas he said "Liverpool were the first team to have an in-house analytics department". He was at Liverpool from 2012 to 2023 and was a key part of the 'Moneyball' strategy - the statistical method Major League ­Baseball side Oakland Athletics used in the 1990s to recruit players - that Liverpool owners Fenway Sports Group (FSG) adopted at the club. "Moneyball is really the concept of, 'can we get more value for money out of our squad? Can we get more performance per pound spent? Because, if we can, that means we can compete with clubs with a higher budget than us'," said Graham. "We started off with about seven or eight different leagues, by the time I left we were probably taking data from about 60 different leagues so that we really understood what players could do on the pitch." Graham worked under former Liverpool sporting director Michael Edwards, who left the club in 2022 before returning as FSG's chief executive of football in 2024. The pair were part of a transfer committee who, along with Liverpool's manager, would "come to a consensus decision on the best players to sign". Liverpool had appointed Klopp as manager in October 2015 and his willingness to engage in the use of data in recruitment was in contrast to his predecessor Brendan Rodgers. "Previously, we had robust debates with Brendan about which players to sign and the two differences were our ideas about which players would improve Liverpool were very different to Brendan's ideas," said Graham. "Brendan, understandably, put a big premium on Premier League experience whereas we felt those players were quite often overvalued by the market and players from other markets, like Mo Salah and Roberto Firmino, were undervalued." Graham explained that Rodgers "came in with a preconception that the player he wanted to sign was the only solution for that position" and that "it was very difficult to persuade him otherwise". In Klopp, Graham said they had found the "missing piece" and, in some cases, "a manager who seemed to see what the data saw". He added: "He [Jurgen] is very happy to thank us for our suggestions to have stopped some of the less sensible signings, which at the time caused big arguments but, in retrospect, he could see this was a good process for signing players." Klopp had managed at Mainz and Borussia Dortmund in Germany, winning the Bundesliga in 2011 and 2012 with the latter. His first trophy at Liverpool was the 2019 Champions League, with data playing "a big part in signing" nine of the 11 Liverpool players who started the final against Tottenham - in a game the Reds won 2-0. "The club needed it and, from our point of view, the data approach needed it as well," said Graham on that piece of silverware. "Looking back, it is a source of pride and is some validation that data can be of help. It adds to recruitment. "Our data analysis means nothing without the scouts to understand the traditional way of viewing a player, without Jurgen to get the best out of the players, without the ownership to trust in the process and without the sporting director to make decisions based on what the data is telling him. "Jurgen's impact on the Champions League win, it can't really be overstated. His presence at the club attracted some really great players, he got the best out of those players and - by the time of that final - we had a world-class first XI that was quite different to the team that he inherited." Klopp went on to end the club's 30-year wait for a top-flight title by guiding them to the 2019-20 Premier League crown. Graham said: "Jurgen, coming from the German system, was much more happy to take that compromised approach and it worked out really well for Liverpool."
All thanks to BBC Sport

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News_Naija
Caught In The Crossfire: How Decades-old Land Dispute Left Lagos Families Homeless
~12.9 mins read
A land ownership dispute between some families in the Ojokoro area of Lagos State has simmered for over two decades. However, recent events have pushed the conflict to a breaking point. The latest fallout from the dispute – demolitions of homes and religious centres – has left many residents of the Olabode and Igbajo communities homeless, deepening concerns over Lagos’ housing crisis, JOHNSON IDOWU writes On December 7, 2024, the early morning calm of Olabode and Igbajo was shattered when a group of armed thugs stormed the community. Witnesses reported that the men, numbering around 200, were armed with sledgehammers and crowbars. Their mission was clear—demolish homes, churches, and mosques in what they claimed was an enforcement of a court order. For Adebari Ijaduola, a resident of the Olabode community, the day marked the beginning of a nightmare. “My wife called me that morning,” he recounted. “She said some people were destroying our house. I rushed home, only to find men tearing down my building. I pleaded with them to stop, but they ignored me.” By the time the dust settled, some buildings had been reduced to rubble while others were partially demolished. The implication was clear: the lands occupying these homes now legally belonged to another entity. But for residents who had lived peacefully in the communities for years, some for decades, the sudden displacement felt like an ambush. Many were left with nowhere to go. Some elderly residents remained behind, huddled amid the debris, while others left the communities, unsure of where they would sleep next. Demolition without notice Speaking with our correspondent in an interview during a visit to the communities, Ijaduola disclosed that some thugs had invaded the community on December 7, 2024, and began demolishing houses while stating that they got a judgment to take possession of the land. The visibly sick Ijaduola narrated that the incident had rendered many of the house owners homeless, while some persons lost their lives. He alleged that the monarch of the communities, Oba Rilwan Oluwalambe Taiwo, Olu of Ojokoro, was responsible for the demolition. He said, “It was my wife who called me on a Saturday morning while I had gone on a stroll, that some people were destroying our house. When I got home, I saw the Bashorun of Ojokoro who led some thugs to carry out the demolition. I asked him why they were doing that, and he said they had received a court judgment granting possession of the land to them. “All my pleas for them not to demolish my house fell on deaf ears as they were also violent and ready to attack anyone who came near them. I became sick after the incident, and I was hospitalised. It is just like sleeping outside with the way they left my building. “They have since been coming around to measure our lands, and they said anyone who wants to retain his/her land should pay N30m per plot, and I don’t know where to get such an amount. I have been living here for over 18 years without any issues from anyone.” The treasurer of the Community Development Association, Akin Rotimi, said it took the intervention of the community leaders to forestall a breakdown of law and order after the thugs, who numbered about 200, became violent. He corroborated Ijaduola’s claim that the monarch had requested them to pay N30m per plot as a repurchasing fee, which he stressed many of the house owners could not afford because they are retirees and elderly persons. “I have been living here since 1987, peacefully with other members of the community, until November 22, 2024, when some thugs invaded our community and began to write a possession order on the buildings. “On December 7, they came with thugs numbering about 200 and invaded our community and started to demolish buildings. They took some of us to the police station, where the monarch was threatening us that he would take over our land. Several people have left and become homeless because they do not have a place to stay.’ He added that they were never informed of any court case, nor were they a party to any suit that the monarch was laying claim to, stressing that the community instituted a case after they had continued to encroach on their lands.  “Most of us here are retirees,” Rotimi lamented. “Where do they expect us to get that amount? We have lived here for decades. How can they just show up and claim ownership of our land?” A prophetess whose church was demolished by the thugs and who identified herself as Prophetess Adewale told our correspondent that in the 19 years of her stay in the community, she was never privy to any court case that could have threatened her peaceful living in the community. She narrated that living in the community has been a peaceful experience because members of the community lived like families while claiming that the shock of the demolition had caused some house owners to lose their lives. “Everything happened so suddenly,” she said. “No prior warning, no notice, nothing. We woke up one day, and our homes were being pulled down.” In her reaction, a resident of the Igbajo community, Mrs Onifade, narrated that an attempt to negotiate with the monarch proved abortive as he insisted that each plot of land would be resold for N30m or the demolition and takeover of the lands would occur. “After they demolished and locked people’s houses, they said they were from Oba Oluwalambe. They attacked one of my sons who challenged them, and it was only God that saved him from their clutch. “The following day, we appointed four persons among ourselves and met with Oba Oluwalambe to know what was happening. He asked whom we bought our lands fro,m and we told him we bought our lands from Olatokun about 44 years ago. “The monarch replied that the Olatokuns were slaves on the land and that the land belonged to his father, and we appealed for an amicable resolution. We were told we would have to pay N30m for each plot if we were to remain on the land. Where should we get that?” she queried. Monarch denies involvement Reacting to the accusations by the residents, Oba Oluwalambe told our correspondent in an interview at his palace that the judgment that led to the possession taken was granted by a Lagos High Court in 2021, which was not appealed by the community. He stressed that he was not the one who instituted the case against the community, but his family as a unit instituted the case in 2001. He noted that after the judgment was delivered in 2021, the defendants did not file any appeal to counter the judgment, and in 2024, they secured an execution order, which prompted them to inscribe possession taken on buildings in the communities. He clarified that the suit that led to the possession taken was not against the house owners but against those who sold the land to them, whom he alleged were not the rightful owners of the land. Oba Oluwalambe said, “The matter they are alleging me for does not concern me. It is the family that instituted a case against those who sold the land to them in 2001, and the matter was in court for 20 years before a final judgment was delivered in 2021. The other party, who sold the land to the,m did not appeal the judgment. “When my family realised that they had failed to appeal the judgment, we approached the court for an execution order to enforce the possession judgment that was granted by the court. We approached the former Lagos CP, Ishola Olanrewaju, and the bailiff to carry out the possession taken. “I was not involved in any of the process. My family members would only come and give me feedback. I was not the one who ordered any demolition of their property. We approached members of the community and they claimed that they bought their land from the Olatokun family, whom we had secured a judgment against.” When asked about the N30m re-acquisition claim by the community, Oba Lambe disclosed that his family had yet to conclude on a repurchasing price. “I did not ask them to pay any money because the family has not decided on the resale price. We have asked their lawyer to meet with our lawyer on what would be done,” the monarch said. Also reacting, the Bashorun of Ojokoro, Musibau Balogun, who was accused of leading the thugs who carried out the demolition, claimed that he was not at the communities when the demolition was carried out as alleged by the residents. He stressed that he had only visited the community when he was invited by someone to clarify the judgment that led to the possession taken before the day they claimed the demolition was carried out.  “I was not at home on the day the demolition was carried out. I was at a chieftaincy ceremony, and I came back on December 8. How can I be at two places at the same time? I only visited the place when someone who claimed he was supporting them called me to know about the court order,” Balogun said. Despite his claims, many residents still believe the monarch played a role in the demolition and the alleged demand for re-acquisition fees. We are not aware of a legal dispute – Family In an attempt to get the reaction of the defendants in the suit, this correspondent reached out to the Olabode family, one of the families who sold the land to residents of the community. While the head of the family, who was said to have sold the land, has become late, his wife, Mrs Olabode, disclosed that the family was not aware of any legal dispute before and after their patriarch’s death.  She disclosed that the land was inherited from their progenitor, who came to settle in the area several years ago. According to her, the move by Oba Olorunlambe was an attempt to forcefully grab their land.  She narrated, “My name is Mrs Olabode. I am the wife of Olabode who sold lands to residents of the Olabode community. We had lived here for more than 40 years before my husband passed away. There was no time in history that I was aware of any legal dispute over land ownership.  “Before my husband’s death, we had lived peacefully in this community until December, when these people came and laid claims to all the land in this community. “My husband never informed me that there was any dispute on the land. The community is even named after him by the Lagos State Government. So, I don’t know where the legal dispute is coming from.” Land ownership in Lagos: A long-standing crisis The dispute in Ojokoro is only one of many land ownership conflicts in Lagos, where cases of land grabbing, forced evictions, and demolitions have become increasingly common. Lagos is Nigeria’s commercial hub, and with limited land space, property disputes are frequent. Land speculators, traditional families, and government agencies often engage in protracted legal battles over ownership, leaving residents in confusion. Land grabbing, in particular, has become a lucrative business. Some land speculators sell properties to unsuspecting buyers, even when ownership is disputed. Years later, the real owners, or those with legal claims, return to enforce possession, often resulting in violent clashes and evictions. A 2023 study by Deji Olanrewaju, Ademola Taiwo and Adeyemi Omodele published in the African Journal of Humanities and Contemporary Education Research attributed the cases of land grabbing, particularly in Lagos and Ogun states to improper implementation of the Land Use Act and distorted traditional histories, among others. It read, “There are several causes of land disputes in society which included but are not limited to scarcity of land, untitled and unregistered land, lack of clear or identified boundaries, multiple sales of land to different buyers, improper implementation of the Land Use Act, improper enforcement of the various anti-land-grabbing laws, intention to fraud, distorted traditional histories, greediness, unemployment, and over-ambition.” The study noted that despite the anti-land grabbing laws enacted by these states, the menace had yet to be addressed. Olanrewaju, Taiwo and Omodele went further to stress that the anti-land-grabbing task force had not done enough in curbing the menace of land grabbing in Lagos State. “Lagos State was the first State in Nigeria to pass a law to curb anti-land-grabbing laws. The law is titled: Lagos State Property Protection Law, 2016. Almost immediately after Lagos State passed this law, Ogun State followed suit by passing a similar law. At the inception of the law, residents of Lagos State, especially landowners, thought that, within two years, there would no longer be anything like land-grabbing in the State. “The question that arises is this: has the Lagos State Judiciary delivered any known judgment in respect of land-grabbing related cases since the law came into force? The answer is negative. Can one say that the law is effective with what happens in the state, every day, in respect of land-grabbing? “The Lagos Special Task Force on Land-Grabbing, set up by the government to ensure the implementation of the law, is not helping the situation, as its activities are replete with sentiment, bias, and unfairness to the persons who make complaints before it. “Culprits charged to court are also not diligently prosecuted, thereby failing to deter others from land-grabbing. Furthermore, delays in the judicial system are much and are quite frustrating, and this worsens the already bad anti-land-grabbing legal framework in the State,” the researchers stressed. Negative impact of land grabbing The resultant impact of land-grabbing is often negative, and in some cases, devastating. Beyond the tension it could create in the affected community, it could also lead to loss of life, apprehension and psychological distress to victims. On July 15, 2023, a land-grabbing dispute that occurred in the Lotu Town in the Ibeju Lekki area of Lagos State left the town’s traditional ruler, Fatai Jubril, dead after he was shot by another rival over a piece of land. Jubril’s widow, Ejiro, who was nursing a three-month-old baby at the time the tragedy struck, had alleged that another traditional ruler in the area killed her husband and told her that “he (Jubril) got what he deserved.” Narrating her ordeal to The PUNCH, Ejiro had said after the traditional ruler and the hoodlums he allegedly came with had beaten up and brutalised her husband, “Suddenly, the Baale hit the butt of the gun on the ground three times and the next thing I heard was a loud bang. He shot my husband. I cried out ‘You have killed my husband’ but he simply said my husband’s eyes had seen what he was looking for and that the deed had been done.” The psychological toll on displaced residents cannot be ignored. Many, particularly elderly residents, now live in uncertainty, unsure of where they will go next. Some, like Ijaduola, have developed health complications due to the stress of losing their homes. “I have been sick since the demolition,” he admitted. “I have nowhere to go. I don’t sleep well. I feel like I have lost everything.” For children in the community, the impact is equally devastating. Many have had their education disrupted as families struggle to find new accommodations. Legal Perspectives A Legal practitioner, Shaola Adekunle, while analysing the court ruling stresses that the communities and the affected parties may appeal the judgment or seek an amicable resolution of the dispute. He stressed that the defendants’ failure to lead evidence during the legal proceedings may put them at a disadvantage when they appeal. He, however, urged them to seek alternative dispute resolution mechanisms. Adekunle said, “The case was majorly not defended and no evidence was adduced by the Defendants in the matter in which case the court was right to declare the land as belonging to the 4th-7th Defendants/Counterclaimants (representatives of the Akeja Oniyanru Royal Family) based on the uncontroverted evidence presented to the court by the 4th-7th Defendants/Counterclaimants. “If the parties negatively affected by the judgement feel they are entitled to the land as owners and have superior evidence that can controvert the claims of the 4th-7th Defendants/Counterclaimants, they can apply for stay of execution to stall any demolition exercise and also proceed to appeal the case to the Court of Appeal challenging the decision of the Lagos State High Court but it is left to be seen how successful their appeal may be especially in the face of not leading evidence to controvert the 4th-7th Defendants/Counterclaimants’ claims and evidence in the case. “The court has made an order of forfeiture of the land against the Defendants and in favour of the 4th-7th Defendants/Counterclaimants, the 4th-7th Defendants/Counterclaimants are therefore entitled to deal with the land as they so wish being the owners of the land and this will include the right to demolish the structures or properties on the land. Ownership of land extends to whatever structures exist on the land.” Residents seek intervention As the dispute rages and uncertainty settles on the minds of the residents, they have only one appeal to the state governor, Babajide Sanwo-Olu, to salvage them from losing their homes. For Yusuf Tunde, a young man who had spent almost three decades of existence in the communities, his only wish and appeal to the government is to intervene and stop the demolition of their homes. “Every day, these people keep coming to measure our land. We don’t know what to do again that is why we are pleading to Governor Sanwo-Olu and Nigerians to come to our aid,” Tunde echoed. Similarly, Mrs Olabode, Ijaduola, Rotimi and other residents of these communities shared the same faith and they jointly appealed to the Governor “to intervene in our plight.” Lagos mum Efforts to get the reaction of the Lagos State Government proved abortive as repeated calls and messages sent to the Chief Press Secretary to Governor Sanwo-Olu, Gboyega Akosile, were not responded to. Experts advocate dispute resolution, stricter laws Real Estate property lawyer, Adekunle, in his opinion, advised the communities and the affected parties to seek alternative dispute resolution mechanisms to forestall their houses from being demolished. He said, “The parties negatively affected by the judgment of the court should explore negotiations and amicable settlement with the 4th-7th Defendants/Counterclaimants to avoid the demolition exercise from being carried on by the 4th-7th Defendants/Counterclaimants.”  For Olanrewaju, there is a need for comprehensive reform of anti-land grabbing policies to end the menace.  “A comprehensive strategy should be formulated to halt the spread of land-grabbing, and ultimately, make it undesirable for those who may wish to persist in the trade of depriving others of their landed properties.  “The onus falls on governments to adopt good governance practices, such as accountability and transparency in land matters. Adjustments should also be made to human rights clauses while legislative mediation aimed at the protection of property rights and public peace should be adopted.”
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Instablog9ja
Man Arrested For Allegedly D3filing And Impr3gnating A 14-year-old Girl In Ogun
~0.6 mins read
Police operatives in Ogun State have arrested a 28-year-old man, Samuel Ani, for allegedly d3filing and impr3gnating a 14-year-old girl in Sagamu area of the state.
The suspect was arrested after the girl’s father filed a complaint at the police station on Wednesday, November 13.
The command’s spokesperson, Omolola Odutola, in a statement on Friday, said the suspect was caught in the act and has confessed to the crime.
“The father, known only as Paul, had approached the division to report the crime suspect committed against his daughter.
The suspect allegedly d3filed the minor and is also accused of impr3gnating her. The 28-year-old suspect had been arrested and detained by the command,” she said.
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