THE Deposit Protection Corporation (DPC) plans to institute a forensic audit into Tetrad Investment Bank as part of efforts to establish reasons behind the collapse of a number of banks in Zimbabwe in a bid to punish the culprits who have prejudiced depositors millions of dollars, businessdigest has learnt. By Kudzai Kuwaza Tetrad Investment Bank…
Click to enlarge In the first half of 2016 Weatherford (NYSE:WFT) raised so much capital it made my head spin. In March the company raised $630 million in equity; months later it raised $2.7 billion in debt. The $3.3 billion in fresh capital shored up Weatherford’s balance sheet, pushed back near term principal payments, and…
In what may be construed as a political move to target dissenting voices of opposition leaders, the Lusaka High Court has virtually declared outspoken and volatile UPND lawyer bankrupt. The court has ordered that Mushipes property be repossessed in a matter where she failed to settle a loan. According to available court records, the High…
Shane Heal has been charged with three counts of fraud. Photo: Getty Images Australian basketball champion and former Minnesota Timberwolves and San Antonio Spurs player Shane Heal has been charged with three count of fraud relating to an alleged $750,000 scam. Shane Heal represented Australia at four Olympic Games. Photo: Tim Clayton Mr Heal, famed…
Shane Heal has been charged with three counts of fraud. Photo: Getty Images Australian basketball champion and former Minnesota Timberwolves and San Antonio Spurs player Shane Heal has been charged with three count of fraud relating to an alleged $750,000 scam. Shane Heal represented Australia at four Olympic Games. Photo: Tim Clayton Mr Heal, famed…
Editor’s note: Part 1 of ESPN’s future of sports betting series focused on the paths to legalization in the United States and what the resulting marketplace could look like. Part 2 looked at future bettors — humans and robots. Part 3 focuses on the pitfalls, or what could go wrong if sports betting is legalized.…
In 2016 a number of high-profile businesses have hit troubled waters. Stories of company failures, liquidations, insolvencies and receiverships have dominated the business media, and many hundreds if not thousands of New Zealanders have been affected. As most NBR readers will know, insolvency practitioners are appointed to take control of a company when it does…
Adam Sage, Paris Greenpeace claimed that if EDF disclosed the true cost of running a fleet of reactors in France while financing two new ones in the UK, it would be declared bankruptSEBASTIEN BOZON/GETTY IMAGES The French state electricity giant building Britains new nuclear power plant was accused by environmentalists yesterday of a gross underestimation…
Nov 17, 2016 6:34 PM A DIRECTOR of interior design contractor Serrano has been removed from his post after being declared bankrupt by the court, while bankruptcy proceedings for another director of the company have been postponed. The Catalist-listed company filed a release saying the High Court had made a bankruptcy order against Chia Wing…
The National Bank of Ukraine (NBU) has declared Artem-Bank (Kyiv), which in late September 2016 ranked 69th in terms of assets (Hr 528.84 million) among 101 Ukrainian banks, insolvent, NBU Deputy Head Yekateryna Rozhkova has said. Temporary administration was introduced in the bank yesterday, on November 15, she said at a press conference in Kyiv.…