After Iran, UCO Bank may be chosen to pay Russia17 Jan, 2020 09:01 AM ISTIndia is set to change the bank it uses to make payments for Russian arms and is likely to route the money through UCO Bank, which is also being used to carry out trade with Iran.
Ex-billionaire Mallya let French mansion rot, lender charges17 Jan, 2020 10:10 AM ISTVijay Mallya faces extradition to India on fraud charges. He was granted permission to appeal, which will be heard in February. Once known as the “King of Good Times” in India, he was arrested in London in April 2017 after 17 banks accused him of willfully defaulting on the debt accumulated by the airline, which shut in 2012.
Pakistan caught again in nuclear smuggling activity17 Jan, 2020 12:18 PM ISTAccording to the US Justice Department, the five men, based in Canada, Hong Kong, and UK, “operated an international procurement network of front companies that existed to acquire US-origin goods for AERO) and PAEC, and to cause those goods to be exported from the United States to the entities without export licenses in violation of federals law.”