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Post by WestonKevTMP on Feb 12, 2020 21:10:20 GMT
This is a very detailed blog into the "situation" for Kapil Wadhawan. Currently under arrest for money laundering in India. cobrapost.com/blog/biggest-financial-scam/1373According to this, some of the £30m invested in 2017 was diverted from a fund intended for slum redevelopment. If true, not a good look for Zopa. |
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Post by Ton ⓉⓞⓃ on Feb 12, 2020 21:39:14 GMT
This is a very detailed blog into the "situation" for Kapil Wadhawan. Currently under arrest for money laundering in India. cobrapost.com/blog/biggest-financial-scam/1373According to this, some of the £30m invested in 2017 was diverted from a fund intended for slum redevelopment. If true, not a good look for Zopa. I suppose this means Z are now once again looking for this investment to become a Regulated Bank
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Feb 13, 2020 7:01:43 GMT
This is a very detailed blog into the "situation" for Kapil Wadhawan. Currently under arrest for money laundering in India. cobrapost.com/blog/biggest-financial-scam/1373According to this, some of the £30m invested in 2017 was diverted from a fund intended for slum redevelopment. If true, not a good look for Zopa. I suppose this means Z are now once again looking for this investment to become a Regulated Bank He was apparently a very respected and important figure in India, so I don't think Zopa could be blamed for taking him at face value. I think Zopa Bank were already arranging new investment seeing this coming for a while.
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