This year's Nobel Prize in Literature has been postponed in the wake of a sexual and financial scandal that has engulfed the Swedish Academy, the cultural institution responsible for awarding the prestigious prize.

The academy, one of Sweden's most highly respected institutions, made the announcement Friday morning following a meeting of its remaining 10 active members Thursday evening.

"We find it necessary to commit time to recovering public confidence in the academy before the next laureate can be announced," Anders Olsson, the academy's permanent secretary, said in a statement. He said the academy was acting "out of respect for previous and future literature laureates, the Nobel Foundation and the general public."

The decision does not affect the other Nobel prizes, which are awarded separately. This year's laureate will be announced in 2019, the academy said.

The crisis centers on a string of allegations against Jean-Claude Arnault, a leading cultural figure in Sweden and husband of Katarina Frostenson, who was an academy member until she stepped down in the wake of the scandal.

Arnault, who has attended many Swedish Academy events, is facing multiple allegations of sexual assault and harassment, first reported in the Swedish newspaper Dagens Nyheter late last year. The academy announced the following day that it had cut all ties with Arnault.



Carl-Henrik Heldin.The Chairman of the Board of the Nobel Foundation released the following brief

The Swedish Academy has decided to postpone the 2018 Nobel Prize in Literature, with the intention of awarding it in 2019. According to the Swedish Foundations Act, the Nobel Foundation is ultimately responsible for fulfilling the intentions in the will of Alfred Nobel. During the past several weeks, we have pursued a continuous dialogue with the Swedish Academy, and we support Thursday’s decision.

In principle, the Nobel Prize shall be awarded every year, but decisions on Nobel Prizes have been postponed on a number of occasions during the history of the prizes. One of the circumstances that may justify an exception is when a situation in a prize-awarding institution arises that is so serious that a prize decision will not be perceived as credible.

The crisis in the Swedish Academy has adversely affected the Nobel Prize. Their decision underscores the seriousness of the situation and will help safeguard the long-term reputation of the Nobel Prize. None of this impacts the awarding of the 2018 Nobel Prizes in other prize categories.

The Nobel Foundation presumes that the Swedish Academy will now put all its efforts into the task of restoring its credibility as a prize-awarding institution and that the Academy will report the concrete actions that are undertaken. We also assume that all members of the Academy realise that both its extensive reform efforts and its future organisational structure must be characterised by greater openness towards the outside world.

The Nobel Prize for Literature has been awarded by the Swedish Academy since its inception following the death of Alfred Nobel in 1896. The prize was postponed on seven previous occasions, six of which occurred during World War I and II. Recent winners include Kazuo Ishiguro, Doris Lessing and Bob Dylan.

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New Delhi: Celebi Aviation India has vehemently rejected rumors on social media about ownership or affiliation with Sumeyye Erdogan, the daughter of Turkish President Recep Tayyip Erdogan. Celebi Aviation India takes care of the ground and cargo handling activities at key Indian airports like Delhi, Mumbai, and Chennai, which are sensitive from a national security viewpoint.

The clarification follows the Indian government's move to cancel the company's security clearance in the wake of increased scrutiny of Turkish connections, after Ankara's latest diplomatic approach inclining towards Pakistan.

In a formal announcement, the ground-handling and airport services firm declared that Sumeyye Erdogan has no involvement whatsoever and doesn't have any stake in the parent organization. The company clarified that its ownership lies solely with members of the Celebioglu family, Can Celebioglu and Canan Celebioglu, who, it said, have no political associations.

"There is no one named Sumeyye owning any shareholding in the parent organisation,” the statement noted, dismissing online speculation as baseless. Celebi further stated that it is a professionally managed company with a global presence, adhering to corporate governance and neutrality, and having no ties to any foreign government or political individual.

Celebi also detailed the ownership structure of its parent company, explaining that 65 per cent is held by institutional investors across Canada, the United States, the United Kingdom, Singapore, the UAE, and Western Europe. Notably, a Jersey-registered fund, Actera Partners II L.P., holds a 50 per cent stake, while Dutch entity Alpha Airport Services BV owns 15 per cent.