The former head of a bank in Tajikistan that collapsed under the weight of bad loans has been arrested on suspicion of various illicit financial machinations. Asia-Plus news website cited unnamed sources on April 25 as saying that Jamshed Ziyoyev, ex-chairman of Tojprombank, is being kept at a holding cell in the capital, Dushanbe. Prosecutors are reportedly…
Wipro, one of the largest IT services providers in the country, will announce its earnings for the March quarter and financial year 2017-18 on Wednesday. It would be the third Nifty-listed IT company to announce results after Infosys and TCS this earnings season. Both TCS and Infosys posted decent sets of numbers, either in-line or better than…
Hearings started April 24 in a court case related to the collapse of the bank Latvijas Krjbanka (Latvian Savings Bank) in 2011 in murky circumstances, reports LTV’s Anete Brtule. Riga Regional Court is hearing the appeal case which follows a case brought by the bank’s administrators, KPMG Baltic, against former members of the board of Latvijas Krjbanka. It…