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Story on page 23
FIRST & FOREMOST ASIAN WEEKLY IN EUROPE
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Let noble thoughts come to us from every side
VOL 40. ISSUE 13
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Raja blames Manmohan, Chidambaram for 2G mess A Raja
Manmohan Singh
P Chidambaram
minister,” Raja’s counsel Sushil Kumar told special CBI judge O P Saini, creating a flutter in court and providing main opposition
BJP a fresh opportunity to attack the government. Later Raja took a Uturn denying implicating Manmohan and
Chidambaram and told the court that he did not seek to implicate them in the 2G case. Continued on page 26
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30th July to 5th August 2011
Anshu Jain, Fitschen to take reins of Deutsche Bank Anshu Jain and Jürgen Fitschen are set to take over the control of Deutsche Bank as co-chief executives in next May, succeeding Josef Ackermann after his decade in charge of Germany’s biggest bank. Deutsche hopes the dual management structure will balance its powerful international investment banking operations with its need to continue to expand its domestic base after the global financial crisis. Anshu Jain will be another Indian to lead a multi-national company. He will join the list of successful Indian CEO’s like Indra Nooyi of Pepsico, former CEO of Vodafone Arun Sarin, Vikram Pandit of City Bank and
Anshu Jain
Jürgen Fitschen
many other. The succession plan, which is expected to take effect after Deutsche’s annual meeting expected next May, Continued on page 26
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Contact Mr. Mitesh Patel, Solicitor No Win No Fee
Osborne-Mukherjee talks unveil billion pounds investment in India
0800 118899 Email: mpatel@levenes.co.uk Website: www.levenes.co.uk Ashley House, 235-239 High Road, Wood Green, London N22 8HF
TY
TH
Arrested former telecom minister A Raja, on first day of his defence, has directly embarrassed Indian Prime Minister Manmohan Singh and then finance minister P Chidambaram in the 2G scam. Saying they were game to the decision to allow telecom firms that got 2G licences to sell equity for large profits. “Telenor buying a stake in Unitech Wireless and Etisalat buying a stake in Swan Telecom - then finance minister (Chidambaram) approved it in the presence of the prime
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