The bank identified the fraud early that year and Mr Vrettakos made a full confession but said he was not the only loan officer involved. Im not gonna sit there and cop it because, yes, I did wrong, but I wasnt the only one. I was taught how to do it, Mr Vrettakos said during…
Seoul US activist fund Elliott Management said it will vote against Hyundai Motor Groups (Hyundai) restructuring plan and urged other shareholders to reject the proposal to reform South Koreas second-largest conglomerate. A Hyundai executive responded that the proposed arrangements to simplify the vehicle makers complex ownership structure would not change and promised higher returns for…
For a man who literally lost everything his health, his wealth, his reputation and, for the better part of the past three years, his personal freedom Thomas Middelhoff appears remarkably at ease with himself. I get a taste of this even before we sit down. We realise we have both booked a table. I had…
Rosamund Pike has two children with former heroin addict Robie Uniacke, 57 The actress lives with the Old Etonian Mr Uniacke in Islington, north London Mr Uniacke, 18 years her senior, has been disqualified from being a company director after he failed to pay £179,602 to HMRC He has been banned for four years after admitting a…
Thousands of drivers have been left without insurance cover, after insurance firm Alpha announced it had gone bust. Drivers who were insured with their UK brands, Cover My Cab and Protector, received a text stating: Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect. The text meant thousands of taxi drivers were…
Early Australian leader in tablet development, Mogeneration, has gone into liquidation, Mumbrella has learned. The company, which once counted ACP Magazines, The Australian, PwC and Mumbrella among its clients was founded in 2008 by former News Corporations employees Keith Ahern and Tom Adams. Mumbrellas Encore iPad app was one of Mogenerations products Ahern, who now…
MUMBAI: Come oh come ye tea-thirsty restless ones — the kettle boils, bubbles and sings, musically. Nobel laureate Rabindranath Tagore probably wrote the famous line on a tea farm his grandfather was instrumental in starting back in the 1830s. Little could Tagore have imagined that the farm would, about two centuries later, cause a Rs.…