Nirav Modi bail denied again

Nirav  Modi’s barrister Clare Montgomery state in UK court,  that ” he has a pet dog to prove his ties to UK , as Modi got a dog after his son, who studied in a London school, went to US. None of  these actions are emblematic of someone setting out to flee the country”. Chief…

Barclays discussed Russia’s £500m rescue offer

According to the minutes read to a jury yesterday at London’s Southwark Crown Court, part of a landmark fraud trial, Barclay’s board was told of interest from the Russian government in taking a stake, with a £500m emergency capital as the bank battered to avoid a UK tax-payer rescue at the height of the financial…

“King of good times”  to be extradited

Indian Tycoon Vijay Mallya, who was behind the collapsed Kingfisher Airlines and also behind India’s largest alcoholic drinks empire, is to face charges of fraud and money laundering worth up to £1bn in India and Sajid Javid, the Home Secretary, has approved his extradition finally. He is alleged to have diverted funds from bank loans…

Super yacht Equanimity up for sale

Malaysia has started in Hong Kong this week marketing and auctioning the $130m 300 feet yacht Equanimity, which features a helipad, gym, beach club. Sauna and beauty salon once owned by Jho Low, the financier alleged to be the architect of the 1 MDB scandal as part of their efforts to recover money. Lim Guann…

Goldman chief apologises to people of Malaysia

David Solomon, Goldman Sachs CEO has apologised to the “people of Malaysia” for the role one of his top bankers played in the multi-billion-dollar embezzlement scandal at the country’s national investment fund. Mr Solomon made it clear that Goldman had done nothing wrong in its dealing with 1MDB, which US and Malaysian authorities allege was…

The advent of Banking revolution that changed banking forever

Anne Boden had left UK’s top banks as she was disillusioned with the sector. The financial crash and emerging technologies presented vast opportunity for change, but change it would not, and Boden was increasingly frustrated and decided to do something radical and set up her own bank. In her latest book Anne reveals how she…

Investment banker at the eye of scandal

Tim Leissner, an ace US investment banker bringing in tens of millions of dollars in revenues, pleaded guilty to bribery, conspiracy and money laundering charges in connection with a vast fraud at Malaysia’s State Development fund 1Malaysia Development Berad (1MDB scandal, his actions make him the pariah inside the bank and pose the greatest threats…

Pound and Shares nosedives

The Pound and shares in housebuilders and banks took a nosedive after Cabinet ministers  Brexit Secretary Dominic Raab and Work and Pensions Secretary Esther McVey, followed by Northern Ireland minister Shailesh Vara, Brexit minister Suella Braverman and Parliamentary private secretaries Anne-Marie Trevelyan and Ranil Jayawardena quit over Prime Minister Theresa May’s draft Brexit deal. On…