Panama Papers: A pioneer in multiplex cinemas in India, Ajay Bijli, along with wife Selena and son Aamer, beneficially owned an offshore company set up to hold a property in the UK.
The licencing agreement for the SGX Nifty products was due to end in August, but the arbitrator appointed by an Indian court has ordered an extension until at least two months after arbitration ends, SGX says in a statement.
Under the new rules, banks are prohibited from investing in such products, pushing foreign asset managers to rethink their fundraising strategy.
Notwithstanding the new rules, officers of wealth management companies who would prefer to maintain a degree of separation between their personal life and their professional dealings should not publicise their home address in the first place.
In addition, policylender China Development Bank will handle future creditors' meetings, and lenders will now deal with HNA through head offices
Asic is contending that, since Westpac held the financial services licence used by Sinha, the bank is liable for the alleged breaches, which carries a maximum penalty of A$1m (£564,084, €642912, $753,089) per breach.
Having defeated his former protege in an election last month, Prime Minister Mahathir Mohamad’s administration has launched an investigation into how the fund founded by Najib lost billions of dollars.