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British High Commission In India Gets Consular Access To Christian Michel

Indian government provided consular access to British High Commission to access UK businessman Christian Michel, alleged middleman in AgustaWestland chopper case who brought to India from UAE after extradition process on December 4.

“Our staff are supporting a British man who is detained in India, and have visited him to check his welfare,” Asian News International (ANI) reported citing British high commission statement.


The UK government earlier requested the Indian government to access Michel Christian, 57, the alleged middleman in the Rs 36 billion VVIP chopper agreement signed and scraped by the Indian government.

The UK national Michel was extradited from UAE after necessary legal proceedings on December 4. He is one among the three middlemen being investigated by Indian investigators in AgustaWestland chopper case.

India’s federal law enforcement and economic intelligence agency the Enforcement Directorate (ED), in its charge sheet filed against Michel in June 2016, had alleged that he received Rs 2.25bn from the firm, AgustaWestland.

Michel is one among the three middlemen being investigated in the case, besides Guido Haschke and Carlo Gerosa, by the ED and CBI.

Both the CBI and the ED had notified an Interpol red corner notice against Michel earlier.

India on January 1, 2014, had scrapped the contract with Finmeccanica’s British subsidiary AgustaWestland for supplying 12 AW-101 VVIP choppers to the Indian Air Force (IAF) on an alleged breach of contractual obligations and charges of paying kickbacks to the tune of Rs 4.23bn by it for securing the agreement.

The federal probe agency CBI has alleged that there was an estimated loss of Rs 26.66bn to the exchequer in the deal that was agreed on February 8, 2010, to supply VVIP choppers worth €556.262m.

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Diageo East African Breweries stake sale

Johnnie Walker whisky and Captain Morgan rum, faces multiple challenges including tariff increases in its key US market

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Diageo sells £1.7 billion stake in East African Breweries to Japan's Asahi

Highlights

  • Diageo sells 65 per cent stake in East African Breweries to Asahi Holdings for $2.3 billion (£1.7bn).
  • Deal values EABL at $4.8 bn, making it Japan's largest investment in African alcohol sector.
  • Transaction marks Diageo's complete exit from direct African beer holdings, expected to complete in late 2026.

Diageo, the world's largest spirits group, has agreed to sell its 65 per cent stake in East African Breweries (EABL) to Japan's Asahi Holdings for £1. 7 bn ($2.3 bn), marking its exit from direct African beer operations.

The transaction values EABL, a Nairobi blue chip stock and one of East Africa's top five companies by market capitalisation, at approximately $4.8 bn. The companies described it as the largest investment in an African alcohol business by a Japanese brewer.

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