The United Kingdom holds the distinction of being the dubious money laundering capital of the world. India’s financial fraudsters find safe haven and sanctuary to park the looted booty in the British little Island as the corrupt British regime continues breaking International laws by helping fraudsters to salvage their sagging economy

The Indian banks, their overseas branches, corrupt employees, the greedy NRI lawyers, NRI Indian think tanks and many uneducated corrupt politicians in India are to blame for the decline and destruction of present-day India. India is the only country in the East that rejoices and feels proud to have a “Special relationship” with the British. It is extremely sad that the real freedom fighters of India who freed India from the murderous, raping, robbing British thieves died for the present Indian traitors who steal resources from their own people to give the loot to British Western warmongers. Today’s India should not be begging for Oxygen tankers bottles, medicinal supplies, hospital equipment from the West. There should be enough money in the present Indian government’s budget to have already built top class hospitals, medical equipment, infrastructure and educational institutes. But how everything got destroyed?   

The Fugitive Billionaire Vijay Mallya of the Kingfisher Airlines fame remains on bail in Britain until the UK Home Secretary Priti Patel signs off on the order for him to be extradited to India to face charges of fraud and money laundering. Vijay Mallya has applied to UK Home Secretary Priti Patel for "another route" to be able to stay in the UK, the liquor tycoon's barrister representing him in bankruptcy proceedings in the High Court of London confirmed.  The UK Home Office has so far only confirmed on background that a confidential legal process remains ongoing before the extradition order can be executed. This had raised widespread speculation that Vijay Mallya had sought asylum in the UK, details of which are neither confirmed nor denied by the Home Office in Britain while an application is pending.

"The extradition was upheld but he (Vijay Mallya) is still here because as you know there is another route for him to apply to the Secretary of State for status," said Vijay Mallya's barrister Philip Marshall, when specifically asked by Deputy Insolvency and Companies Court Judge Nigel Barnett about the status of the extradition proceedings. "He would need to argue much stronger grounds. There are specific rules that detail when asylum is a bar to extradition, it is clear that claiming asylum after all appeals have been exhausted is unlikely to be considered a valid claim to asylum protection," explains Toby Cadman, co-founder of Guernica 37 International Justice Chambers and a UK-based extradition specialist. The remote hearing in the commercial division of the High Court in London was to establish whether the court can sanction substantial sums towards Vijay Mallya's living expenses and legal fees from the sale of a French luxury property Le Grand Jardin last year. 

Gravitas Plus: Why do the British love fugitive Billionaires?

The Present UK Home Minister Priti Patel certainly plays the part well of a calm law abiding British NRI willing to benefit India and Modi’s BJP party because of her Indian cultural roots. Recently in Feb 2021 she has done one big positive thing for India: She has approved the Extradition of The Jeweller, Nirav Modi who is accused of bank fraud in India. Nirav Modi is being investigated by India’s Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) for money laundering, said to be in the region of $2 billion and involving loans from Punjab National Bank (PNB). On February 25, Westminister Magistrates’ Court said there was prima facie evidence against Modi, and that there was no evidence that the jeweller would not get justice if he was extradited, paving way for his extradition. The court said it was satisfied there was enough evidence against Modi for his conviction. “I do not accept that Nirav Modi was involved in legitimate business. I find no genuine transactions and believe there is a process of dishonesty,” said Westminster Magistrates’ Court judge Samuel Goozee. The judge said there were links between Modi and conspirators, including PNB officials and top ruling elites in India.

Many in the present Indian Government and many Indian banks seeking justice are being made fools of by The UK Government’s Home Office and UK Legal system. The UK Government trumpets their Human rights laws and how fair British justice is? What about human rights and fair justice for Julian Assange? Why is he not out on bail and having the right legal teams to represent him in his extradition to the USA? What makes Vijay Mallya so special to the UK Government, UK home Office and Home Minister Priti Patel? Who in Indian politics is promising the UK Government ministers and benefitting from this Vijay Mallya Extradition delays?

The UK has over the years become the most preferred tax haven destination for economic offenders like Vijay Mallya, Nirav Modi, Lalit Modi, Nadeem, Robert Vadra, Sanjay Bhandari just to name a few. Before being taken into custody by the ED, YES bank founder Rana Kapoor was camping in London. Had an intricate entrapment by Indian agencies not succeeded in luring him back into India, he would have joined the list of fugitive financial fraudsters who are living the high life in the United Kingdom. Among the hundreds of entities that the Sandesara brothers of the Stearling Biotech group incorporated many were in the UK and British Virgin Island among other places. Barring Kapoor, all these businessmen facing charges are subjects of extradition effort by the Indian Government to return to India to face charges of financial crimes.

The Hinduja Brothers, one of India’s richest families and their Hinduja Group of Companies remains the most preferred Indian family aided and promoted by the various British governments in the past are facing major legal problems in Geneva, Switzerland in relation to a charge of forging a document at a bank. The Swiss prosecutor believed that there were grounds to proceed for prosecution. Ajay Hinduja has denied any wrongdoing and the Geneva prosecutor’s office confirmed that he had challenged what the Swiss term in French an Ordonnance Penale or criminal order and the matter are due to be heard in court, but has been delayed due to Covid. The Hinduja Group’s companies are controlled by holding companies situated in tax havens like Mauritius and Geneva. The elder three Hinduja’s names cropped up in the Bofors scam as the main middlemen. The four brothers Srichand P Hinduja, Gopichand Hinduja, Prakash P Hinduja and Ashok P Hinduja are for the past two years bickering over the transferring of shares to the next generation. Now the family tussles have led to the youngest Ashok P Hinduja and Prakash Hinduja’s son Ajay facing legal troubles in Mauritius and Geneva court. According to lawyers, the eldest brothers Srichand and Gopichand are unhappy with the younger brothers handling of the affairs of the companies across the world.  Aikant Bhatti, a minority shareholder at the Chennai-based Ashok Leyland and at the Hinduja Global Solutions where Ashok P Hinduja is the Chair Emeritus, claims that billions of rupees in company funds were used to benefit promoters and records of a recent AGM were false and did not include objections raised by shareholders. Bhatti has already filed a complaint to the Securities and Exchange Board of India (SEBI) to intervene in the illegalities in the Hinduja Group of Companies.

There will also be much more in-depth reporting on perhaps India’s biggest financial scamster Anil Ambani’s Reliance Group - Reliance Communication, Reliance Telecom and Reliance Infratel. The total amount that the three firms of Anil Ambani owe to banks is over RS 49,000 crore.  The Swiss authorities in recently agreed to disclose full details to the India’s Finance Ministry’s Foreign Tax and Research Division of the personal bank accounts of Anil Ambani, his wife Tina Ambani, their two children Jai Anmol and Jai Anshul Ambani. A few months ago, Anil Ambani deposed in a London, UK Court that he has no money in a case filed by the Chinese banking consortium. The London, UK Court had asked the Anil Ambani to pay 770 million dollars to Chinese banks for non-payment of loans 14 billion dollars. It is learned that after the London court’s order, Anil Ambani has limited his foreign travels fearing Chinese banks move on issuing red alerts in foreign airports through Interpol. The Chinese are ruthless in business, the Chinese banking consortium will get their money back as unlike corrupt UK system, the rest of the world is quite transparent.

UK - The Money Laundering Capital of the World. Since the UK is often cited as “the money laundering capital of the world,” with an estimated £90bn laundered through the City of London every year, according to figures from the UK’s National Crime Agency. London has not become the global capital of money laundering by accident. Money launderers and those financing terrorist activities have two main requirements. The first is a place crowded with financial transactions, in which their own will be easy to lose. The second is a place where those who enable the setting up of companies and opening of bank accounts are prepared to turn a blind eye to who is the owner of a business. Secrecy over the beneficial ownership of companies is the main conduit of money laundering. Contrary to what you might think, it is more than three times harder to obtain an untraceable shell company in tax havens than in rich, developed countries. 

At the moment, the UK is a member of two organizations, the OECD and the European Union, which routinely publishes blacklists of countries that are deemed “high risk” when it comes to money laundering and a “danger to the international financial system”. The UK, US, and Switzerland have never been blacklisted. Instead, the usual pariahs of the west—Cuba, North Korea, Iran and so on appear, along with small states such as Antigua or St Kitts and Nevis.  This money collection of countries presents the most marginal threat to the international financial system. They are merely powerless to respond to being listed. Former US official Juan Zarate has boasted that a dedicated team at the US Treasury uses its influence to get American enemies blacklisted and friends left alone, in the name of counter-terrorism. Banks’s face large fines for facilitating transactions with countries on these lists, and as a result, they have withdrawn services, leaving these countries stranded financially. Caribbean countries have lost the most correspondent relationships with international banks. The EU and OECD are in danger of pushing countries into the hands of the very people they listed them for helping. There is a word in German: Lebenslüge meaning the lie you have to tell yourself to live your life. We prefer to think that the success of the City of London and our property market relates to our skills honed in ancient universities, not the banking of nouveau riche criminals. Once British newspapers have salivated over the details of the latest money laundering ring, they quickly return to the narrative that the real threat lies on small, palm-fringed islands. The politicisation of the blacklisted small islands has enabled London to become the global centre of money laundering.  Some in the City of London think that Brexit will allow them to prosper but it will bring dooms day to the country. English education has facilitated creation of corrupt bankers and shyster lawyers who twist the truths towards lies that free the guilty criminals across the globe. The British offshore banking tax evasion is destroying Eastern countries infrastructure growth and prosperity by facilitating flight of illegal capital from East to West.

Many NRIs, Lawyers and business people, living in the UK-West continue singing the high praises of the Britain as they continue to park their loot by selling their souls to the British. The Indian financial fugitives continue to disrespect their forefathers, disrespecting the memories of the Great Brave Freedom Fighters of India who sacrificed their lives making India free from the corrupt British Raj.

(The Global Chairman/Group President of the World Homeland Security/Smartechno Group of Companies. www.worldhomelandsecurity.one. The views expressed by the writer are personal.)

The United Kingdom holds the distinction of being the dubious money laundering capital of the world. India’s financial fraudsters find safe haven and sanctuary to park the looted booty in the British little Island as the corrupt British regime continues breaking International laws by helping fraudsters to salvage their sagging economy

The Indian banks, their overseas branches, corrupt employees, the greedy NRI lawyers, NRI Indian think tanks and many uneducated corrupt politicians in India are to blame for the decline and destruction of present-day India. India is the only country in the East that rejoices and feels proud to have a “Special relationship” with the British. It is extremely sad that the real freedom fighters of India who freed India from the murderous, raping, robbing British thieves died for the present Indian traitors who steal resources from their own people to give the loot to British Western warmongers. Today’s India should not be begging for Oxygen tankers bottles, medicinal supplies, hospital equipment from the West. There should be enough money in the present Indian government’s budget to have already built top class hospitals, medical equipment, infrastructure and educational institutes. But how everything got destroyed?   

The Fugitive Billionaire Vijay Mallya of the Kingfisher Airlines fame remains on bail in Britain until the UK Home Secretary Priti Patel signs off on the order for him to be extradited to India to face charges of fraud and money laundering. Vijay Mallya has applied to UK Home Secretary Priti Patel for "another route" to be able to stay in the UK, the liquor tycoon's barrister representing him in bankruptcy proceedings in the High Court of London confirmed.  The UK Home Office has so far only confirmed on background that a confidential legal process remains ongoing before the extradition order can be executed. This had raised widespread speculation that Vijay Mallya had sought asylum in the UK, details of which are neither confirmed nor denied by the Home Office in Britain while an application is pending.

"The extradition was upheld but he (Vijay Mallya) is still here because as you know there is another route for him to apply to the Secretary of State for status," said Vijay Mallya's barrister Philip Marshall, when specifically asked by Deputy Insolvency and Companies Court Judge Nigel Barnett about the status of the extradition proceedings. "He would need to argue much stronger grounds. There are specific rules that detail when asylum is a bar to extradition, it is clear that claiming asylum after all appeals have been exhausted is unlikely to be considered a valid claim to asylum protection," explains Toby Cadman, co-founder of Guernica 37 International Justice Chambers and a UK-based extradition specialist. The remote hearing in the commercial division of the High Court in London was to establish whether the court can sanction substantial sums towards Vijay Mallya's living expenses and legal fees from the sale of a French luxury property Le Grand Jardin last year. 

Gravitas Plus: Why do the British love fugitive Billionaires?

The Present UK Home Minister Priti Patel certainly plays the part well of a calm law abiding British NRI willing to benefit India and Modi’s BJP party because of her Indian cultural roots. Recently in Feb 2021 she has done one big positive thing for India: She has approved the Extradition of The Jeweller, Nirav Modi who is accused of bank fraud in India. Nirav Modi is being investigated by India’s Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) for money laundering, said to be in the region of $2 billion and involving loans from Punjab National Bank (PNB). On February 25, Westminister Magistrates’ Court said there was prima facie evidence against Modi, and that there was no evidence that the jeweller would not get justice if he was extradited, paving way for his extradition. The court said it was satisfied there was enough evidence against Modi for his conviction. “I do not accept that Nirav Modi was involved in legitimate business. I find no genuine transactions and believe there is a process of dishonesty,” said Westminster Magistrates’ Court judge Samuel Goozee. The judge said there were links between Modi and conspirators, including PNB officials and top ruling elites in India.

Many in the present Indian Government and many Indian banks seeking justice are being made fools of by The UK Government’s Home Office and UK Legal system. The UK Government trumpets their Human rights laws and how fair British justice is? What about human rights and fair justice for Julian Assange? Why is he not out on bail and having the right legal teams to represent him in his extradition to the USA? What makes Vijay Mallya so special to the UK Government, UK home Office and Home Minister Priti Patel? Who in Indian politics is promising the UK Government ministers and benefitting from this Vijay Mallya Extradition delays?

The UK has over the years become the most preferred tax haven destination for economic offenders like Vijay Mallya, Nirav Modi, Lalit Modi, Nadeem, Robert Vadra, Sanjay Bhandari just to name a few. Before being taken into custody by the ED, YES bank founder Rana Kapoor was camping in London. Had an intricate entrapment by Indian agencies not succeeded in luring him back into India, he would have joined the list of fugitive financial fraudsters who are living the high life in the United Kingdom. Among the hundreds of entities that the Sandesara brothers of the Stearling Biotech group incorporated many were in the UK and British Virgin Island among other places. Barring Kapoor, all these businessmen facing charges are subjects of extradition effort by the Indian Government to return to India to face charges of financial crimes.

The Hinduja Brothers, one of India’s richest families and their Hinduja Group of Companies remains the most preferred Indian family aided and promoted by the various British governments in the past are facing major legal problems in Geneva, Switzerland in relation to a charge of forging a document at a bank. The Swiss prosecutor believed that there were grounds to proceed for prosecution. Ajay Hinduja has denied any wrongdoing and the Geneva prosecutor’s office confirmed that he had challenged what the Swiss term in French an Ordonnance Penale or criminal order and the matter are due to be heard in court, but has been delayed due to Covid. The Hinduja Group’s companies are controlled by holding companies situated in tax havens like Mauritius and Geneva. The elder three Hinduja’s names cropped up in the Bofors scam as the main middlemen. The four brothers Srichand P Hinduja, Gopichand Hinduja, Prakash P Hinduja and Ashok P Hinduja are for the past two years bickering over the transferring of shares to the next generation. Now the family tussles have led to the youngest Ashok P Hinduja and Prakash Hinduja’s son Ajay facing legal troubles in Mauritius and Geneva court. According to lawyers, the eldest brothers Srichand and Gopichand are unhappy with the younger brothers handling of the affairs of the companies across the world.  Aikant Bhatti, a minority shareholder at the Chennai-based Ashok Leyland and at the Hinduja Global Solutions where Ashok P Hinduja is the Chair Emeritus, claims that billions of rupees in company funds were used to benefit promoters and records of a recent AGM were false and did not include objections raised by shareholders. Bhatti has already filed a complaint to the Securities and Exchange Board of India (SEBI) to intervene in the illegalities in the Hinduja Group of Companies.

There will also be much more in-depth reporting on perhaps India’s biggest financial scamster Anil Ambani’s Reliance Group - Reliance Communication, Reliance Telecom and Reliance Infratel. The total amount that the three firms of Anil Ambani owe to banks is over RS 49,000 crore.  The Swiss authorities in recently agreed to disclose full details to the India’s Finance Ministry’s Foreign Tax and Research Division of the personal bank accounts of Anil Ambani, his wife Tina Ambani, their two children Jai Anmol and Jai Anshul Ambani. A few months ago, Anil Ambani deposed in a London, UK Court that he has no money in a case filed by the Chinese banking consortium. The London, UK Court had asked the Anil Ambani to pay 770 million dollars to Chinese banks for non-payment of loans 14 billion dollars. It is learned that after the London court’s order, Anil Ambani has limited his foreign travels fearing Chinese banks move on issuing red alerts in foreign airports through Interpol. The Chinese are ruthless in business, the Chinese banking consortium will get their money back as unlike corrupt UK system, the rest of the world is quite transparent.

UK - The Money Laundering Capital of the World. Since the UK is often cited as “the money laundering capital of the world,” with an estimated £90bn laundered through the City of London every year, according to figures from the UK’s National Crime Agency. London has not become the global capital of money laundering by accident. Money launderers and those financing terrorist activities have two main requirements. The first is a place crowded with financial transactions, in which their own will be easy to lose. The second is a place where those who enable the setting up of companies and opening of bank accounts are prepared to turn a blind eye to who is the owner of a business. Secrecy over the beneficial ownership of companies is the main conduit of money laundering. Contrary to what you might think, it is more than three times harder to obtain an untraceable shell company in tax havens than in rich, developed countries. 

At the moment, the UK is a member of two organizations, the OECD and the European Union, which routinely publishes blacklists of countries that are deemed “high risk” when it comes to money laundering and a “danger to the international financial system”. The UK, US, and Switzerland have never been blacklisted. Instead, the usual pariahs of the west—Cuba, North Korea, Iran and so on appear, along with small states such as Antigua or St Kitts and Nevis.  This money collection of countries presents the most marginal threat to the international financial system. They are merely powerless to respond to being listed. Former US official Juan Zarate has boasted that a dedicated team at the US Treasury uses its influence to get American enemies blacklisted and friends left alone, in the name of counter-terrorism. Banks’s face large fines for facilitating transactions with countries on these lists, and as a result, they have withdrawn services, leaving these countries stranded financially. Caribbean countries have lost the most correspondent relationships with international banks. The EU and OECD are in danger of pushing countries into the hands of the very people they listed them for helping. There is a word in German: Lebenslüge meaning the lie you have to tell yourself to live your life. We prefer to think that the success of the City of London and our property market relates to our skills honed in ancient universities, not the banking of nouveau riche criminals. Once British newspapers have salivated over the details of the latest money laundering ring, they quickly return to the narrative that the real threat lies on small, palm-fringed islands. The politicisation of the blacklisted small islands has enabled London to become the global centre of money laundering.  Some in the City of London think that Brexit will allow them to prosper but it will bring dooms day to the country. English education has facilitated creation of corrupt bankers and shyster lawyers who twist the truths towards lies that free the guilty criminals across the globe. The British offshore banking tax evasion is destroying Eastern countries infrastructure growth and prosperity by facilitating flight of illegal capital from East to West.

Many NRIs, Lawyers and business people, living in the UK-West continue singing the high praises of the Britain as they continue to park their loot by selling their souls to the British. The Indian financial fugitives continue to disrespect their forefathers, disrespecting the memories of the Great Brave Freedom Fighters of India who sacrificed their lives making India free from the corrupt British Raj.

(The Global Chairman/Group President of the World Homeland Security/Smartechno Group of Companies. www.worldhomelandsecurity.one. The views expressed by the writer are personal.)