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India deports Maldives ex-vice president  

INDIA on Saturday (3) deported former Maldives vice president Ahmed Adeeb, who faces attempted murder and corruption charges at home after he tried to enter the country on a tugboat, officials said.

Adeeb arrived at the southern port of Tuticorin on Thursday (1) in the boat and was detained for attempting an unauthorised entry without a passport.


A top police officer in the port city in Tamil Nadu state told that Adeeb and the boat's crew were handed over to Maldivian security at their maritime border in the Indian Ocean.

"They were handed over to the authorities early Saturday," the official said on condition of anonymity.

Adeeb was released from a Maldives jail in May after a court quashed a conviction for attempting to kill then-president Abdulla Yameen in 2015.

But he is due to face a new trial over the case and is also under investigation for corruption dating back to when he was deputy to Yameen, who was defeated in an election last year.

The Maldives government had seized his passport during the probes.

Maldivian police said Adeeb was to have appeared before investigators in the misappropriation of state funds case on Wednesday (31) but failed to show up.

(AFP)

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Lakshmi Mittal

Mittal's exit comes as Rachel Reeves prepares a fresh tax raising budget aimed at balancing the government's finances

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Lakshmi Mittal quits Britain for Switzerland and Dubai over inheritance tax concerns

Highlights

  • Lakshmi Mittal, worth over £15 bn, has moved his tax residence from UK to Switzerland with plans to spend most time in Dubai.
  • Inheritance tax concerns, not income tax, drove the decision of the "King of Steel" to leave after 30 years in Britain.
  • The departure marks another high-profile exit as chancellor Rachel Reeves prepares major tax rises in the coming Budget.
Lakshmi Mittal, one of Britain's wealthiest men, has ended his three-decade association with the UK, relocating his tax residence to Switzerland and planning to base himself in Dubai. The 74-year-old steel magnate, worth approximately £15.5 bn according to the Asian Rich List 2025, is the latest prominent entrepreneur to leave Britain amid Labour's tax reforms targeting the super-rich.

The Indian-born billionaire built his fortune through ArcelorMittal, the world's second-largest steelmaker, in which he and his family hold nearly 40 per cent ownership. Since arriving in London in 1995, Mittal became a prominent figure in British business, acquiring expensive properties including a £57 m mansion on Kensington Palace Gardens known as the "Taj Mittal."

An adviser familiar with Mittal's family plans told The Sunday Times that, inheritance tax was the decisive factor in the decision. "It wasn't the tax on income or capital gains that was the issue, the issue was inheritance tax."

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