Did Europe’s regulators close ranks to keep out Hindujas? - Hindustan Times

The Hindustan Times has it all very well developed: Hinduja Group's proposed acquisition of KBL European Private Bankers, KBL epb, for $1.9 billion was nixed by the Luxembourg supervisory body, the Commission de Surveillance du Secteur Financier (CSSF). It is indeed a very intriguing decision that was taken in secrecy and it does not appear that there was a commercial reason behind the decision. If it is not a commercial reason, then it can only be fear. I exclude indeed plain simple meanness. Fear of what? Is it fear of competition, is it a reputational risk and why, is it fear of illicit activities (then prove it), or is it as the article suggests, a conspiracy of European regulators? It is clear already that it is fear of openness and transparency. Did Europe’s regulators close ranks to keep out Hindujas? - Hindustan Times