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Helicopters And Poison? 32 Charged In $20M Mount Everest Rescue Scam
Helicopters And Poison? 32 Charged In $20M Mount Everest Rescue Scam
Nepal’s Central Investigation Bureau investigates a large-scale insurance fraud operation in the Himalayan trekking sector. Authorities charge 32 individuals - including trekking company operators, guides, helicopter rescue coordinators, hospital owners, and doctors - with organized crime and fraud. The scheme allegedly triggers unnecessary and expensive helicopter evacuations that insurers foot the bill for.
According to The Independent, the probe focuses on activities between 2022 and 2025 across popular routes that include the path to Everest Base Camp, Annapurna, Manaslu, and...
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"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran
"Severely Curbed": Gold Shipments Through Dubai Stalled In Wake Of Strikes On Iran
Gold shipments through Dubai are set to stall for several days after airlines suspended flights amid U.S. and Israeli strikes on Iran and Tehran’s response, according to three industry sources and Reuters.
Because gold is typically transported by air for security and insurance reasons, the cancellations are expected to sharply limit physical flows.
Reuters writes that Dubai is a key supplier to Switzerland, Hong Kong and India. Sources said the broader impact on global supply will depend on how long the...
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