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Cops will impound Andrew Tate s £4 8million Bugatti stored in Dubai

The self-proclaimed misogynists luxury sports car is set to be seized by police following his arrest on suspicion of human trafficking, rape, and organised crime.

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Bad bank should have been set up 3-4 years back, not now: Kotak Securities report

January 14, 2021 × Would have been useful just after AQR or earlier when stress was building up and banks were looking to delay bad debt recognition Establishing a bad bank today would aggregate but not serve the purpose that has been observed in other markets, Kotak Securities Ltd (KSL) said in a report. Bad bank is perhaps well served in the initial leg of the loan recognition cycle, it added. “While we are unaware of its probability and design, creation of a bad bank would have been most fruitful three-four years back (perhaps just after the Asset Quality Review) or earlier when the stress was just building up and banks were looking to delay recognition for various reasons.

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