BUSINESS
Oil tycoon Yagnesh Devani found a way to prolong UK stay after extradition. Will Vijay Mallya and Nirav Modi follow suit?
A plane at Heathrow airport was about to take Yagnesh Devani to Nairobi to face allegations of fraud to the tune of £60 million, but at the last moment, he was deboarded because of a second asylum application. Could Nirav Modi and Vijay Mallya do the same?
IMMIGRATION
UK court rules detention of Indian student unlawful
The case also highlights the importance for international students coming to the UK to keep their local address handy and share it promptly with immigration officials if asked for it.
BUSINESS
London-based Indian businessman loses extradition case
Ahsan Ali Syed, the Hyderabad-born, now Turkish national, who was arrested last year in London, and was facing extradition to Switzerland has lost the battle. But, like Nirav Modi and Vijay Mallya, Syed has the right to file an appeal in the high court.
BUSINESS
Exclusive: The outrageous monthly living expense of fugitive Winsome Diamonds' Jatin Mehta & family
In an exclusive find, Moneycontrol accesses a short order from March 2023 made by Justice Edwin Johnson on the exorbitant monthly allowance to diamond merchant Jatin Mehta and his family to cover living expenses, which excludes legal payments.
BUSINESS
This Indian businessman in London is facing extradition to Switzerland
Ahsan Ali Syed is believed to have come to the UK from Hyderabad as a student in 2001, and studied at London School of Economics before establishing Western Gulf Advisory in Bahrain in 2008.
COMPANIES-2
Lithuania nails SpiceJet after inspection, fresh insolvency cases in English courts
Moneycontrol gets access to two more rulings against SpiceJet, that emerged in UK courts in May, from aircraft-leasing companies on unpaid rent; 1,800 pictures of inspection reveal ‘one of the worst in-service’ aircraft.
CRICKET
Exhibition at Lord’s tells the story of how cricket became a global sport
The exhibition ‘MCC and the Empire of Cricket’ showcases how MCC lost its imperial hubris, but also reflects its effort to promote goodwill and mutual understanding today.
BOOKS
Pakistan’s Shahbaz Taseer’s memoir offers a glimpse into a painful personal ordeal & the factional mujahideen world
'Lost to the World', the first-person account of one of Pakistan’s most high-profile and dreadful kidnapping victims, the businessman son of assassinated Punjab (Pakistan) governor Salman Taseer, Shahbaz Taseer, who was tortured in captivity for over four years, is nothing short of a celluloid drama.
TRENDS
Indian restaurants have been stealing a march on London
House of Ming opened at St James Court, London this week. London’s West End has Chutney Mary, Benares, Jamavar, Gymkhana and Veeraswamy. And then there are restaurants like Dishoom...
TRENDS
Tribute: Indian tycoon Srichand Hinduja was instrumental in expanding the family's influence and wealth in UK
Last year that it became public that Srichand Hinduja was suffering from the onset of severe Lewy Body dementia, a progressive and fatal disease.
INDIA
K.T. Rama Rao: Not just Bangalore, Hyderabad is competing with Singapore, Bangkok for investment
K.T. Rama Rao was in London last week to solicit investments from businesses and to attend the Ideas for India conference.
WORLD
Following King Charles' coronation, a Rs 1,000 crore bill and reflections on how India-UK dynamics have changed
A comparison between guest lists for the 2023 and the 1953 coronations tells us how societal dynamics transform.
TRENDS
Mahatma Gandhi and Vallabhbhai Patel wrote letters to help this Dharavi merchant get a passport
In 1925, Maulvi Mohammad Ali applied for a passport saying that his export-import business necessitated travel. This was turned down by the government of Bombay - ostensibly because of the family's links to the Indian National Congress and the freedom struggle.
BUSINESS
Hinduja family dispute not over yet; details emerge from proceedings in Court of Protection
Details emerged on Monday that the family continues to fight legal cases in Mauritius, Switzerland, and Channel Islands.
TRENDS
What Amazon Prime show Jubilee doesn't capture about Himanshu Rai's growth mindset
A glimpse of Himanshu Rai’s entrepreneurial spirit and confidence comes alive in his quest for the sole rights to film British monarch King George V's Silver Jubilee celebrations in India in May 1935.
TRENDS
Topsgrup promoter Rahul Nanda case: Wanted by ED in India, hauled back to court by PNB International in London
After several appearances in court in 2022 (he was declared bankrupt on July 21, 2022), Rahul Nanda appeared in a London court again last month where he faced new allegations of non-disclosure.
INDIA
Koh-i-Noor is well-known. There are several more Indian treasures in the British Royal Collection
As calls to return artefacts grow louder globally, historians and museum officials are scratching their heads about how, when and from where these items came to be in the royal collection in UK.
TRENDS
How English grammar saved Yes Bank millions of dollars in a lawsuit in London High Court
The judge ruled that “Financing”, as per the 2019 letter to engage the services of then Anshu Jain-led Cantor Fitzgerald, could not include Yes Bank's July 2020 FPO, but was instead restricted to private offerings.
INDIA
How Rahul Gandhi's disqualification from Lok Sabha is like Indira Gandhi's expulsion from Parliament 44 years ago
Indian history: In December 1978, Lok Sabha became the first house of representatives to send a former Prime Minister to jail.
TRENDS
Call to withdraw Mehul Choksi's name from Interpol Red Notice list was taken in October 2022
Additionally, Antiguan authorities are now doubling down on an investigation into Mehul Choksi’s claim that he was kidnapped in 2021 with the objective to send him to India.
POLITICS
How the UK visits of Rahul Gandhi and Indira Gandhi have striking similarities
Unlike his grandmother and former India PM Indira Gandhi, Congress leader Rahul Gandhi did not face demonstrators, though India’s high-pitched political battle has raised the profile of Rahul’s UK trip, which the BJP has capitalised on.
BUSINESS
Pakistani billionaire Arif Naqvi’s extradition case follows the Nirav Modi route
Like Nirav Modi, Arif Naqvi, founder of Dubai-based private-equity fund Abraaj, lost the extradition case, but unlike Modi, Naqvi is out on bail and lives a downsized lifestyle with his family in Knightsbridge.
INDIA
Memorializing Manto in Mumbai
Mumbai was Manto's favourite city. Even today, you can visit his favourite restaurant Sarvi in Byculla, and places he worked - from film studios to magazine offices.
BUSINESS
Lakshmi Mittal's brother Pramod Mittal's bankruptcy case is going on and on. Here's why
Changed postal address, undelivered courier, mimecast platform, and email trails are at the heart of an ongoing appeal rather than terms like asset realisation, debt servicing, hidden assets, creditors list.
