"Scandal" Silver Bank: The Conviction of Prateek Gupta Raises New Questions

The saga of the Silver Bank has taken a significant turn with the conviction of Indian businessman Prateek Gupta by the Commercial Court of the High Court in London. The ruling pertains to an international nickel fraud estimated at nearly USD 500 million, approximately Rs 23 billion, which directly implicates financial mechanisms in which Silver Bank plays a key role.

According to the British court's findings, Trafigura, a giant in the industry...