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Any investment or investment activity to which this document relates is only available to investment professionals and will be engaged in only with such persons. In Cox went into partnership with Henry Drummond, whose family ran the London bank. Success was built on the company's reputation for keen attention to the welfare of its regiments.

In , for instance, when Robert Clive stormed the fortress of Gheria in India, Cox successfully negotiated with the East India Company who had "borrowed" stores from Cox's clients, the Royal Artillery. He arranged to receive repayment from the East India Company by way of plunder from Gheria. He had this converted into silver in India and shipped back to London where the funds were returned to the Royal Artillery. Back home, Cox's house on Albemarle Street opposite the present-day Ritz Hotel was known for its parties.

In addition, he was a patron of the arts, being acquainted with David Garrick and other notable actors of the time, and was a founding financial investor in the rebuilding of the Theatre Royal in Drury Lane. During the s the company continued to grow, aided by war in the American Colonies and the threat of invasion from France. Cox repeated his good fortune with business partners, taking in Mr Mair upon Drummond's death in , followed by his own son Richard Bethell Cox in and then Mr Greenwood in It was during this time that the company expanded its banking interests, offering loans and accounts to exclusive members of London's elite.

Greenwood replied rather cheekily that, "I think it is rather his Royal Highness who keeps my money", to which George III burst out in laughter and said, "Do you hear that Frederick? Do you hear that? You are the gentleman who keeps Mr Greenwood's money! In they served 14 regiments of cavalry, 64 infantry regiments, and 17 militia regiments, becoming the largest military agent for the army.

Richard Cox died in August , leaving his grandson Richard Henry Cox firmly established, with Greenwood as a controlling partner. The company set up five branches in India between and During the war some , men were on their books, 50, cheques were cleared a day and a special department was set up to deal with the influx of American soldiers in By the end of the war, some 4, people worked for the firm.

King Bank , which had a large network of branches in India. They also moved into new offices in Pall Mall. During the s, Lloyds sold its Indian interests to Grindlays Bank , who also took the travel and shipping agencies, which continued to flourish in India.

The overseas stocks were also listed on the Luxemburg Stock Exchange.

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The complex web of connections also involves a slew of corporate entities and persons across the globe. In a three-part exclusive investigation for NewsClick, the writers look into the goings-on in this corporate conglomerate. He was a frequent flier between Mumbai and London.

His father once headed the hotels division of the Tata group before he fell out with Ratan Tata in He graduated from Stanford University in the United States. He used to run a travel agency that was supposed to be the oldest of its kind in the world, set up in , a year after the British established control over large parts of India following their victory in the Battle of Plassey in Bengal.

Today, this man languishes inside a dingy prison in Mumbai. The business empire he led — that boasted of a brand that was a household name in the country — is in shambles. Earlier, in October , the chief financial officer of the company, Anil Khandelwal, and its internal auditor, Naresh Jain, had been picked up by the cops. They were booked for defrauding banks. Other charges against them include forgery, criminal conspiracy and defaulting on repayment of loans. What is unusual is that Kerkar was arrested and at the time of writing is still being kept behind bars, following the filing of first information reports FIRs in September by Mumbai Police officials after he had himself formally complained to them.

Is Kerkar a victim or a villain? Or was he complicit in the many misdemeanours he has been accused of? Even as the legal cases are yet to play themselves out, Kerkar protested his innocence in an exclusive interview with two of the writers of this article Paranjoy and Sourodipto a few months before law-enforcing agencies incarcerated him.

More about Maheshwari and Goel later in this article. In this instance as well, there are many allegations and counter-allegations. His sister Urrshila reiterates these claims and alleges that these officials misused credit cards to clandestinely remove large amounts from Ezeego. The three of us who collaborated in investigating this story over a period of more than seven months spoke to several individuals, a few of them on condition of anonymity. We perused hundreds of pages of documents, many of which were provided to us and some that were in the public domain.

Some of the information provided to us by sources close to the interested players could not be independently verified and was ignored by us. Supporting documents were also attached to some of the email messages that turned out to be authentic. We have tried to connect the dots to tell this tale of alleged corporate chicanery and fraud, of greed and stupidity, of financial experts who can manipulate balance sheets and move money across the world in a jiffy from one tax haven to another.

Forex card may either come in the magnetic strip variety or using a newer smart chip model as can be seen in the latest debit and credit cards. Advantages of forex card It is safe and convenient than foreign currency notes on your trip. Free spare cards available on purchase of forex travel card. Conversion charges are low compared with Travelers Cheques. Accepted over A 4 digit PIN helps to secure all your cash withdrawal transactions. Can use it for making international payements via payment gateways.

Free SMS alerts on transactions to registered Indian mobile number. Un-utilized balance can be en-cashed via extravelmoney. You can ensure to get the best forex card rate by comparing exchange rates offered by your nearest RBI authorized money changers. You can place the order online and get the forex card home delivered. For payments at merchant establishments, you can directly swipe your forex Card without any transaction fee. Now buying a forex card online in India is very simple.

ExTravelMoney offers 8 of the best forex cards in India through our online platform. Here is how you can buy a forex card online through ExTravelMoney Go to the link ExTravelMoney - Forex Card and select the foreign currency and its amount you want to load in the card.

Enter your location. Select the one offering the best exchange rate. Enter your phone number and email address, so that we can verify your order via OTP. Using this information, the payment can be made through online banking or as cash by directly going to the store.

Buying an forex card online has never been so easier! Just 4 clicks in your computer or phone and a forex card will be made ready for you at ExTravelMoney. Is forex card better than cash? Forex cards have some advantages over cash Prepaid travel cards have better exchange rates compared to cash. For the same amount of money, you can buy more foreign currency in forex card than as foreign currency in hand.

Prepaid travel cards are safer compared to cash. Nowadays forex cards come enabled with chip and pin technology and hence provide more safety features. Cash is only safe as we keep it. Plus, travellers carrying an excess of cash in their wallets are very easy targets for thieves abroad.

In case of theft or loss of your prepaid travel card, you can have the card blocked and also transfer the funds to your new replacement card. This replacement card is usually given as a backup along with your forex card kit. In case of theft of cash, there is no protection for your stolen money. This is one of the biggest disadvantages of cash. When you are travelling to many countries, Prepaid travel cards allow you to load multiple currencies in them.

When you are abroad and transacting with your forex card, it automatically detects which country you are in and pays using the preloaded local currency. That is something travellers can do without. How long does it take to get a forex card? What are the benefits of a forex card?

Forex cards offer a wide variety of benefits for travellers and students going abroad ; Forex Cards offer better exchange rates for loading currencies than buying foreign currency as cash. Forex Cards are loaded with foreign currency at locked-in exchange rates.

Thus they are immune to the fluctuation of currency value in the forex market. Forex cards are more secure than carrying cash as they come enabled with chip and pin technology for safeguarding the money in them. Forex Cards can be used to carry multiple foreign currencies at the same time in a single card.

Forex Cards have no Dynamic Currency Conversion Fee when used abroad since they are already loaded with the local currency of that foreign country. To know more, read The advantages of Forex Card and its benefits for travellers Can I transfer money from my forex card to bank account?

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