Showing posts with label Businesspeople. Show all posts
Showing posts with label Businesspeople. Show all posts

Monday, June 24, 2019

China 'won't allow' G20 discussion on Hong Kong during Xi-Trump meet

Company News
China said Monday it will not allow discussion on Hong Kong at the G20 this week even as US President Donald Trump plans to raise the city's mass protests during his meeting with President Xi Jinping.
The semi-autonomous city has been shaken by huge demonstrations this month as throngs have demanded the withdrawal of a bill that would allow extraditions to the Chinese mainland.
Trump has weighed in on Hong Kong's worst political unrest since its handover from Britain to China in 1997, saying he understood the reason for the protests and hoped demonstrators can "work it out with China".
US Secretary of State Mike Pompeo later said Trump would discuss Hong Kong with Xi at the Group of 20 summit, which is taking place in Osaka, Japan on Friday and Saturday.
But Chinese assistant foreign minister Zhang Jun said the G20 is a forum to focus on global economic issues.
Xi and Trump have agreed to hold bilateral talks focusing on the US-China trade war during the summit.
"I can tell you with certainty that the G20 will not discuss the Hong Kong issue and we will not allow the G20 to discuss the Hong Kong issue," Zhang said at a press briefing previewing Xi's G20 attendance.

 "Hong Kong affairs are purely China's internal affairs and no foreign country has the right to intervene," he said, recalling that the city is a special administrative region of China.

Monday, June 10, 2019

Former ICICI Bank CEO Chanda Kochhar skips ED date; to be summoned again

Company News

Former ICICI Bank CEO Chanda Kochhar Monday skipped her scheduled appearance before the ED in a money laundering case probe, citing bad health, officials said.
The probe involves the bank and the Videocon group.Chanda Kochhar will now be asked to depose later this week. She had not appeared before the agency even last week citing health reasons.
Official sources had told PTI earlier this week that the central probe agency is now mulling to call some more bank officials to confront them with the statements made by Chanda Kochhar and obtain further leads.The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions.
The agency is also preparing to analyse the details of assets of the Kochhars and others so that they can be provisionally attached under the Prevention of Money Laundering Act (PMLA).Chanda Kochhar's brother-in-law and Deepak's brother, Rajiv Kochhar, has also been grilled by the ED multiple times in the case.
The Kochhar couple have been questioned in the past too at the ED's zonal office in Mumbai after the central agency conducted raids on March 1.The searches were conducted at the premises of Chanda Kochhar, her family and Venugopal Dhoot of Videocon Group in Maharashtra's Mumbai and Aurangabad.

 The ED registered a criminal case under the PMLA earlier this year against Chanda Kochhar, Deepak Kochhar, Dhoot and others to probe alleged irregularities and corrupt practices in sanctioning Rs 1,875-crore of loans by ICICI Bank to the corporate group.This action of the agency was based on an FIR registered by the CBI.