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Hindustan Times
10-08-2025
- Business
- Hindustan Times
New geopolitics and South Asia's trade architecture
Geopolitics is increasingly intertwined with the economic destiny of South Asia. Even before the US tariffs were rolled out, growing polycrises had hit the global economy, which has been struggling since the pandemic. South Asia seems a relatively bright spark of regional trade and growth. This paper analyses South Asia's trade architecture in the backdrop of a sluggish world economy in the 2020s, and makes recommendations for closer regional economic integration. International Relations South Asia today is the world's most populated region and fastest growing, in a global economy experiencing a period of tepid growth and suddenly faced with mounting risks. This economic reality has put the international spotlight on South Asia with some economic historians drawing parallels between the gloomy world economy today and the economic uncertainties and trade protectionism of the 1930s era. This paper critically analyses South Asia's trade architecture in the sluggish world economy in the 2020s and makes recommendations for closer regional economic integration. Four issues relating to South Asia's growth, trade and trade architecture are examined, with a focus on the period since the Covid-19 pandemic and April 2025: (1) Messy geopolitics, the global and South Asian outlook, and India's relations with smaller neighbours, (2) Shifts in China-centric global supply chains to South Asia, (3) Patterns of regional energy connectivity and cooperation in South Asia, and (4) The effectiveness of regional institutions for South Asia's trade and regionalism. This paper can be accessed here. This paper is authored by Ganeshan Wignaraja, Amit Bhandari and Aliasger Bootwalla, Gateway House, Mumbai.
Time of India
14-05-2025
- Business
- Time of India
Manager arrested for Rs 3.2 crore loan fraud, associate on the run
New Delhi: A 38-year-old manager has been arrested for allegedly defrauding his employer of Rs 3.2 crore by diverting loan disbursals meant for clients into personal and associate accounts. The accused, Vinay Negi , was responsible for facilitating client loans at a Delhi-based financial advisory firm but manipulated records to show completed transactions while ensuring the funds never reached the intended the loan amounts were siphoned off into three bank accounts — two belonging to Negi and one to his associate, Amit Bhandari , who is currently fraud came to light after the employer noticed discrepancies between internal records and client feedback. "Clients confirmed they had never received the funds, despite records indicating successful disbursals," said DCP (EOW) Amit Verma. A deeper audit revealed the funds had been rerouted to accounts controlled by Negi and on surveillance and specific inputs, police arrested Negi, a resident of Ghaziabad, on May 8. While the initial estimate of the fraud stands at Rs 3.2 crore, investigators suspect the actual amount may be closer to Rs 5 who holds a bachelor's degree and is reportedly an active investor in high-risk stock options, is believed to have used the embezzled funds to fuel his trading activities. His accounts in two banks, along with Bhandari's account in a third bank, were allegedly used to launder the money.A case has been registered under various sections of the Bharatiya Nyaya Sanhita (BNS), including cheating, criminal breach of trust, and misappropriation. Search operations are underway to trace Amit Bhandari.
India Gazette
14-05-2025
- Business
- India Gazette
Delhi Police's EOW arrest finance firm manager for Rs 5 crore fraud
New Delhi [India], May 14 (ANI): The Economic Offences Wing (EOW) of Delhi Police has arrested a manager of a private finance firm for allegedly embezzling Rs 3.23 crore. The total fraud amount is estimated to be around Rs five crore. The accused has been identified as Vinay Negi (38), a resident of Vasundhara in Ghaziabad. Following an in-depth investigation by the EOW team, he was arrested on May 8 at his residence. Negi worked as a manager at M/s Knab Finance Advisors Pvt. Ltd, where he was in charge of loan disbursements. The fraud came to light after the company filed a complaint alleging that loan records showed funds had been disbursed, but the intended borrowers never received the money. Initial investigations revealed that Negi had diverted large sums to his personal accounts with SBI and Kotak Mahindra Bank and into the AU Small Finance Bank account of his associate, Amit Bhandari. DCP EOW, Amit Verma, said, 'Negi, in connivance with unknown accomplices, misused his position to systematically siphon off company funds.' He added that although the confirmed fraud amount stood at Rs 3.23 crore, evidence indicated that the total misappropriation may touch Rs 5 crore. Co-accused Amit Bhandari is currently absconding, and police teams have launched efforts to trace and arrest him. Negi, a graduate, reportedly developed a habit of investing in the stock market, particularly in option trading, driven by his desire for quick money. According to officials, he used the stolen money for personal luxuries and high-risk financial ventures. Officials warned the public about the dangers of illegal financial practices and high-risk investments made without proper knowledge or guidance. Further investigation into the case is ongoing. In a similar case on Wednesday, Delhi Police also arrested two individuals for allegedly defrauding the Ministry of Electronics and Information Technology (MeitY) of more than Rs 3 crores. The accused have been identified as Prashant Agarwal, Director of HPPL Foundation and a resident of Bengaluru, and Sudhanshu Kumar Rakesh, a Chartered Accountant and partner at Tripurari & Associates from Nalanda, Bihar. Delhi Police's EOW DCP, Amit Verma, said that the arrests follow the registration of an FIR dated April 24, based on a complaint by Rashi Sharma, a representative of MeitY Startup Hub (MSH), which is a division of the Digital India Corporation under the Ministry. (ANI)
