AIIB's 4th Annual Meeting 2019 in Luxembourg
Mumbai, June 26: Moving out of Asia first time, the Asian Infrastructure Investment Bank (AIIB)'s Fourth Annual Meeting will be held in Luxembourg in July 2019, an official said here on Tuesday.
Luxembourg is a founding member of AIIB as well as a leading international financial centre and facilitator of investments between Europe and Asia, said AIIB Vice President and Corporate Secretary Danny Alexander.
"European countries have been strong supporters of the creation of the AIIB so it is particularly welcome to have this early opportunity to bring all of the Bank's members to Europe. This will be a great opportunity for public and private sector representatives from around the world to discuss on infrastructure development in Asia and beyond," he said.
Luxembourg Finance Minister Pierre Gramegna said his country was "honoured" to become the first non-regional member of AIIB to host the bank's Annual Meeting in Luxembourg City next July.
The second Asian Infrastructure Forum will be held as part of the 2019 Annual Meeting, the official said.
The first AIIB Board of Governors meeting was held in Beijing in 2016, followed by Jeju, South Korea in 2017 and the latest two-day meeting in Mumbai which concluded here on Tuesday.
Headquartered in Beijing, the AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.
It commenced operations in January 2016 and has now grown to 87 member from around the world, and invests in sustainable infrastructure and other productive sectors, with India ranking as its biggest borrower.
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Domestic help held for stealing cash, jewellery from US couple's house in B'luru
Bengaluru (PTI): A 29 year-old man was arrested for allegedly stealing cash along gold and diamond jewellery worth Rs 1 crore from the house of a US couple here, police said on Wednesday.
He was employed as a domestic worker at their house.
Police managed to nab the accused identified as Chandan Roul, a native of West Bengal, they said. The entire stolen property was also recovered intact, police said.
The matter came to light on January 21 when the residents of the villa at Kodihalli, a husband-wife duo who originally hail from Texas, US and are working in Bengaluru filed a complaint at J B Nagar police station, they added.
According to police, the complainant alleged that when they returned home in the evening after work, they found that the gold and diamond jewellery kept in the locker of the bedroom cupboard had been stolen.
In the complaint, they also expressed suspicion about the domestic help who had been working in their house for the past six months.
"During the probe, our team examined the case from various angles and, within a few hours of the incident, we detained the domestic help near the villa where the complainant resides. During interrogation, the accused confessed to having committed the theft," a senior police officer said.
The accused further stated that he had kept the stolen gold and diamond jewellery at his residence in Sudhamanagar, he said.
Based on the information provided by him, on the same day, the police team seized 176 grams of gold and diamond jewellery and Rs 39,000 in cash from his residence. The total value of the seized property is Rs one crore, he added.
