WORLD
What happens in the Bahamas... Vijay Mallya saves his signature London home - again
A favourable ruling by the Supreme Court of Bahamas on February 11, 2022, unlocks trust funds, means that UBS can redeem the mortgage on the house and any associated interest.
TRENDS
Reuben brothers: The super-rich, Mumbai-born entrepreneurs you probably haven't heard of
The University of Oxford’s newest graduate college is named after them (Reuben College).
WORLD
Rishi Sunak needs to go for the big push
A delay in the publication of the Sue Gray inquiry report into Partygate has taken the edge off those seeking to challenge Boris Johnson.
TRENDS
Vijay Mallya desperately fights eviction from his signature London house
Swiss bank UBS has managed to get a possession order from a London court; Vijay Mallya is on the verge of losing the house with a gold toilet.
WORLD
UK partygate scandal: Could Rishi Sunak be the next UK Prime Minister?
UK civil servant Sue Gray's report investigating 13 parties that took place in Downing Street and other official sites when lockdown rules were in place is expected this week.
TRENDS
An ambitious property development in North London provides link to 19th century Bombay
Spread over 413 acres, Trent Park in Enfield was once owned by the Sassoon family which made its fortune in cotton and opium in Bombay.
TRENDS
Biggest divorce settlement in UK history: London court awards Princess Haya £554 million
London has come to be known as the divorce capital, because of the multi-million pound settlements that have been awarded here. But as the judge observed, this case was “entirely out of the ordinary”.
TRENDS
Bidding for Air India and expanding into Covid testing weighed against SpiceJet in the British court
Big conglomerates routinely mount multi-jurisdiction proceedings. The SpiceJet-De Havilland case is a reminder why it is prudent to maintain a consistent stand in courts across continents.
WORLD
When the UK Home Office revokes visas to curb corruption
Mounting criticism that London is used for money laundering led to Pakistani billionaire losing 10-year multi-entry visit visa, but questions remain on investor visa that provided refuge to Nirav Modi.
TRENDS
NMC Group fraud case: B.R. Shetty back in UK court to annul UAE bank’s $1billion freezing order
Key officials of NMC Group, the biggest healthcare company in the Middle East, maintain that UAE, and not England, is the proper forum for the fraud claim which has 19 million documents.
TRENDS
26/11: Why India needs a culture of remembrance
The terror attack in Mumbai in November 2008 brought out the chinks in our security armour. Now, 13 years later, it has also exposed our collective failure to suitably memorialise the attack.
CRICKET
Azeem Rafiq and racism in English cricket
Azeem Rafiq’s testimony goes beyond racism in cricket and highlights fragile equations in British elite circles.
TRENDS
Nirav Modi extradition case: outcome of appeal to also affect Pakistani-origin global financier Arif Naqvi
Arif M. Naqvi, the financier who seduced Bill Gates, governments to invest millions, has to wait for Nirav Modi's fate before UK court decides on his extradition to US to face fraud charges.
TRENDS
COP 26 | Show me the climate finance money
Wealthy sovereign nations have failed to keep their promise of $100 billion, and there remains a question mark on how much private financial institutions will do for climate change.
TRENDS
Sanjeev Gupta and the Indian connect to a very British scandal
Earlier this year, the UK Serious Fraud Office launched an investigation into the relationship between Sanjeev Gupta's GFG Alliance and Lex Greensill's Greensill Capital, which filed for insolvency in March.
TRENDS
Why rich people in need of financial wizardry often flock to the UK and its outposts including British Virgin Islands
Vijay Mallya, Nirav Modi, Pramod Mittal, Lalit Modi have added a strong Indian flavour to London as a destination for dubious, failed, problematic business enterprises.
