In 2020, revenue from its ‘golden passport’ scheme was Vanuatu’s single-largest source of income. Revocation of Lalit Modi’s citizenship has brought country of islands into spotlight.
The fugitive businessman and former IPL chief had applied to surrender his Indian passport following acquisition of Vanuatu citizenship, according to external affairs ministry.
Pacific Island country was hit by 7.4 magnitude earthquake on 17 December. New Delhi has offered aid for rehabilitation as part of efforts to be a first responder to the region.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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