Banking Tycoon

A top Vietnamese luxury property tycoon was sentenced to eight years in prison, state media said Wednesday, after he was accused of cheating thousands of investors in a $355 million bond scam.

After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.

The chairwoman of major property developer Van Thinh Phat will go on trial in Vietnam, accused with accomplices of embezzling $12.5 billion from a bank "for personal purposes", the official government website said.

Russian banking tycoon Oleg Tinkov has said that he was forced to go into hiding and sell his stake in the bank he founded after openly criticising the war in Ukraine.

A Prevention of Money Laundering Act (PMLA) court has allowed banks to sell certain real estate assets and securities and of fugitive business tycoon Vijay Mallya to recover their debts.

A consortium of Indian banks led by the State Bank of India (SBI) was back for a High Court hearing in London on Friday in pursuit of a bankruptcy order against embattled liquor tycoon Vijay Mallya, as they attempt recovery of debt from loans paid ou

British industrialist Sanjeev Gupta's companies seemed to be prospering until his main lender Greensill Capital imploded last month. But before it collapsed, several banks cut off the commodity trading business of Mr Gupta's Liberty House Group.

Liquor tycoon Vijay Mallya was on Wednesday denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI), in their pursuit of debt related to his now-defunct Kingfisher Airlines.

A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).

A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.

Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court, seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India.

Businessman BR Shetty has filed a complaint with investigative agencies seeking a probe into two former top executives of his companies and two banks related to a multi-billion dollar financial scandal engulfing his group.

A consortium of Indian banks led by the State Bank of India (SBI) are pursuing their bankruptcy order against liquor tycoon Vijay Mallya in the High Court in England, as they seek to establish that any settlement offer made by him is now "dead in the water".

Congress's P Chidambaram has urged the RBI to direct banks to continue to show unrecovered loans from fugitive business tycoons like Vijay Mallya, Mehul Choksi and Nirav Modi on their books rather than writing them off as NPAs

Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the Reserve Bank of India (RBI) in a list of the top 50 wilful defaulters accused of scamming the country's banks.

A top Vietnamese luxury property tycoon was sentenced to eight years in prison, state media said Wednesday, after he was accused of cheating thousands of investors in a $355 million bond scam.

After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.

The chairwoman of major property developer Van Thinh Phat will go on trial in Vietnam, accused with accomplices of embezzling $12.5 billion from a bank "for personal purposes", the official government website said.

Russian banking tycoon Oleg Tinkov has said that he was forced to go into hiding and sell his stake in the bank he founded after openly criticising the war in Ukraine.

A Prevention of Money Laundering Act (PMLA) court has allowed banks to sell certain real estate assets and securities and of fugitive business tycoon Vijay Mallya to recover their debts.

A consortium of Indian banks led by the State Bank of India (SBI) was back for a High Court hearing in London on Friday in pursuit of a bankruptcy order against embattled liquor tycoon Vijay Mallya, as they attempt recovery of debt from loans paid ou

British industrialist Sanjeev Gupta's companies seemed to be prospering until his main lender Greensill Capital imploded last month. But before it collapsed, several banks cut off the commodity trading business of Mr Gupta's Liberty House Group.

Liquor tycoon Vijay Mallya was on Wednesday denied permission to appeal against a UK High Court order refusing to dismiss bankruptcy proceedings brought by a consortium of Indian banks led by the State Bank of India (SBI), in their pursuit of debt related to his now-defunct Kingfisher Airlines.

A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).

A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out to his now-defunct Kingfisher Airlines.

Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court, seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India.

Businessman BR Shetty has filed a complaint with investigative agencies seeking a probe into two former top executives of his companies and two banks related to a multi-billion dollar financial scandal engulfing his group.

A consortium of Indian banks led by the State Bank of India (SBI) are pursuing their bankruptcy order against liquor tycoon Vijay Mallya in the High Court in England, as they seek to establish that any settlement offer made by him is now "dead in the water".

Congress's P Chidambaram has urged the RBI to direct banks to continue to show unrecovered loans from fugitive business tycoons like Vijay Mallya, Mehul Choksi and Nirav Modi on their books rather than writing them off as NPAs

Business tycoons Mehul Choksi, the Jhunjhunwala brothers, and Vijay Mallya are among the prominent individuals linked to companies named by the Reserve Bank of India (RBI) in a list of the top 50 wilful defaulters accused of scamming the country's banks.