Elusive fugitive Mehul Choksi arrested in Dominica

  Mehul Chinubhai Choksi, Indian businessman from Mumbai, India, residing in Antigua who is wanted by the Indian Judicial authorities for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption and money laundering. Choksi, 63,  in involved in  Rs 12m Punjab National Bank scam. Mehul Choski was last seen driving…

US tax code has one rule for the rich and another for the rest

Seventy one per cent of Americans believe the economy is rigged in favour of the rich starting with tax code. Former BlackRock executive Morris Pearl, the millionaire chair of the Patriotic Millionaires and Erica Payne, the organization’s founder, reveals and engaging and enlightening insider’s tour of th nations tax code, explaining how “the rich” manipulate…

Cloth merchant graduating to investment and commercial bank

Private investment firm Brown Brothers Harriman, is neither a Rothschild, a JP Morgan nor a Goldman Sachs. In Inside Money, acclaimed historian, commentator, and former Financial executive Zachary  Karabell, offers the first full and frank look inside the institution against the backdrop of American history and explores Brown Brothers Harriman’s central role in the story…

Place human values before market values

The former Bank governor and now the UN special envoy for climate finance, Mark Carney focuses on the global financial system and corporate governance, along with climate change.  Carney’s detailed account of money and finance, where we get tantalising glimpses of life as a central banker – gilt chairs at a G20 summit in Riyadh…

Budget 2021- Sunak’s support for Covid-19 totals £407bn

“Coronavirus has caused the largest and most sustained economic shocks in this country has ever faced,” Sunak said Furlough scheme extended until the end of September along with VAT cut for hardest-hit sectors to boost the hospitality and tourism industries over the summer. The government will maintain its support for the self-employed, with grants handed…

The Third lockdown may cost UK £400million every working day

  The UK Lockdown could hit the borrowing balloon for the 2020/2021 financial year past £450 billion and predicts the latest coronavirus restrictions could cost the country £400 million every working day. Chancellor Rishi Sunak announced a new £4.6 billion plan to help businesses through a new lockdown, including one-off top-up grants up to £9,…

UK Government record borrwing in November

The UK government continued to support the economy during the pandemic by borrowing soared in November hitting £31.6bn the highest level on record according to the office for National Statistics and the third-highest figure in any month since records began in 1993. The Independent Office for Budget Responsibility has estimated that the amount of borrowing…

UK’s first unexplained Wealth Order as £1m diamond ring was seized

Zamira Hajiyeva, married to Jahangir Hajiyev, a banker, who is serving a 15-year sentence in their native Azerbaijan for stealing millions from his state-controller bank, managed to spend £16m in Harrods, by using 54 credit cards many of which were linked to her husband’s bank is currently fighting the UK’s first Unexplained Wealth Order (UWO).…