New Delhi: Swiss authorities have frozen USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of money laundering probe, suspecting he may be a frontman from the Adani group — a charge the conglomerate vehemently denied saying it was neither involved in any Swiss court proceedings...
Tag: swiss bank
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Adani Group denies ’baseless’ claims of ‘involvement’ in Swiss Bank accounts, refutes Hindenburg’s allegations | Mint
Adani-Hindenburg saga: The Adani Group, an Indian business conglomerate, strongly refuted claims regarding the freezing of funds in Swiss bank accounts in a media statement on September 12. The group vehemently denied any involvement in Swiss court proceedings and asserted that authorities had sequestered none of its company accounts. The controversy arose following allegations made...
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UBS vows to uphold loan volumes in Switzerland of more than $400 billion
ZURICH (Reuters) – UBS will continue to provide around 350 billion Swiss francs ($414 billion) of loans to its home market, a senior executive at the Swiss bank said on Wednesday, countering speculation it could trim domestic loan volumes. UBS’ Switzerland country head Sabine Keller-Busse said the bank’s commitment to its domestic market was unwavering,...
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UBS vows to uphold loan volumes in Switzerland of more than $400 billion
ZURICH (Reuters) – UBS will continue to provide around 350 billion Swiss francs ($414 billion) of loans to its home market, a senior executive at the Swiss bank said on Wednesday, countering speculation it could trim domestic loan volumes. UBS’ Switzerland country head Sabine Keller-Busse said the bank’s commitment to its domestic market was unwavering,...
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Swiss finance minister chides US, Europe over ‘time bomb’ debt levels
ZURICH (Reuters) – Debt levels in the United States and Europe are a risk for international financial stability and for Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with Swiss daily Blick, Keller-Sutter extolled Switzerland’s “disciplined” finances, which she said had enabled the country to deal...
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Union Bank gets counter bids for only Jaypee Healthcare in Swiss auction
3 min read Last Updated : Jul 07 2024 | 5:43 PM IST Union Bank of India’s Swiss challenge auction on July 5 for five troubled accounts has attracted counter bids for only Jaypee Healthcare Ltd. Delhi-based Shine Star Build Cap emerged as the highest bidder to acquire the public sector lender’s non-performing debt...