Five centuries after the high noon of the pirate kingdoms of the Caribbean, the story isn’t quite over. This is why the Mehul Choksi story is extraordinary.
According to FIR registered by CBI, fugitive diamantaire Mehul Choksi allegedly pledged gemstones that were 'not real' while seeking a Rs 25 crore loan from IFCI.
In interview with Business Standard, PNB scam accused alleges he was ‘victim of kidnapping’ in May 2021 and wants to clear his name in India, but his health keeps him in Dominica.
While the 1991 reforms reduced one form of crime — gold smuggling — they brought other challenges with the introduction of global technology and trade.
Choksi, wanted in a Rs 13,500 crore bank fraud case in India, was given bail by Dominica High Court to travel back to Antigua for seeking medical help from a neurologist.
Choksi will return to Antigua where he has been staying since 2018 after he left India, to seek medical attention from a specialized neurologist, a news portal reported.
Banks have been asked to prepare a list of sensitive positions to be covered under ‘mandatory leave’ requirements and also review the list periodically.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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