Indian Banking has come of Age.
In a news item in the Independent,it is revealed how a Hyderabad( India) Bank is involved in stashing a Fraudsters’ Money along with Swiss Bank.
Why don’t our people check on this bank for 2G,ISRO ,Mine Scam and Coalgate Money?
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AN €11m money trail involving a Quinn family company and a bank in India, is revealed by the Irish Independent today.
We also reveal the involvement of a Swiss financier in the tangled arrangement surrounding a massive office block inHyderabad, India.
The Quinn family firm got the €11m secret loan in spite of court orders banning them from interference with their €500m property portfolio.
The collateral for the cash boost was future rental income at the office block, Q City, owned by the family in India.
The massive loan was created in India last January, five days before Sean Quinn snr was declared bankrupt in Dublin.
We’ve obtained new documents which reveal millions are still being extracted from the Quinn family’s International Property Group (IPG), despite the imminent threat of jail hanging over Sean Quinn snr.
The exact whereabouts of the borrowed cash is unknown.
But it is feared the €11m and the €4.8m annual rental income from Q City has been moved offshore from India to Hong Kong, via a bank in Singapore.
The latest machinations in the Quinn family saga are expected to be detailed shortly in the High Court when explosive new allegations of ongoing breaches of court orders, including the secret €11m loan, are expected to be revealed.
While the huge mortgage was created on January 11, details of the transaction were kept secret for more than six months.”
http://www.independent.ie/national-news/quinns-the-secret-11m-money-trail-revealed-3236576.html
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to your host? I wish my website loaded up as quickly as yours lol
Through WordPress.
hanks for dropping by.