Benko's 23 Billion Empire Starts Crumbling With Insolvency (2) – Bloomberg Law

Bankruptcy

A unit of <-bsp-bb-link state=”{“bbHref”:”bbg://securities/8133156Z%20AV%20Equity”,”_id”:”0000018c-02a7-de26-a7ec-3eb749850000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Signa Prime Selection AG</-bsp-bb-link> filed for insolvency in a Berlin court on Friday, Der Spiegel said, indicating efforts to save the sprawling property and retail conglomerate are faltering. Signa Real Estate Management Germany GmbH couldnt meet its payment obligations, the German magazine said, citing a request submitted by the company. The…

China Opens Probe of Indebted Asset Management Firm – Voice of America – VOA News

Bankruptcy

Beijing   Chinese police have opened an investigation into Zhongzhi Enterprise Group after the debt-ridden financial giant declared itself insolvent. Police in Beijing, where the group is headquartered, said late Saturday they had opened an investigation into unspecified “alleged offenses,” adding that they had taken measures against several suspects. Zhongzhi declared itself insolvent Wednesday with…

ASIC heaps ban and disqualification on ex-Magnolia Group director – Real Estate Business

Bankruptcy

The former Magnolia Group director infamous for his spat with ASX-listed The Agency has been placed under a 10-year ban from providing financial services. The Australian Securities and Investments Commission (ASIC) has recently disqualified money manager Mitchell Atkins from managing any corporations for the next five years. Mr Atkins has also been banned from providing…

China opens probe into indebted asset management firm – eNCA

Bankruptcy

BEIJING – Chinese police have opened an investigation into Zhongzhi Enterprise Group after the debt-ridden financial giant declared itself insolvent. Police in Beijing, where the group is headquartered, said late Saturday they had opened an investigation into unspecified “alleged offences”, adding that they had taken measures against several suspects. Zhongzhi declared itself insolvent on Wednesday…

'I've lost in life': Socceroos great Lucas Neill breaks silence after avoiding prison time over bankruptcy – Wide World of Sports

Bankruptcy

Former Socceroos captain Lucas Neill has broken his silence after being acquitted of a charge related to his bankruptcy. In 2016, Neill was declared bankrupt in the United Kingdom after reports of a number of failed investments, despite earning millions from his football career which spanned from England, Turkey, United Arab Emirates, Australia and Japan.…

China opens probe into indebted asset management firm – Macau Business

Bankruptcy

Chinese police have opened an investigation into Zhongzhi Enterprise Group after the debt-ridden financial giant declared itself insolvent. Police in Beijing, where the group is headquartered, said late Saturday they had opened an investigation into unspecified alleged offences, adding that they had taken measures against several suspects. Zhongzhi declared itself insolvent on Wednesday with its…

China opens probe into indebted asset management firm – Hong Kong Standard

Bankruptcy

Chinese police have opened an investigation into Zhongzhi Enterprise Group after the debt-ridden financial giant declared itself insolvent. Police in Beijing, where the group is headquartered, said late Saturday they had opened an investigation into unspecified “alleged offences”, adding that they had taken measures against several suspects. Zhongzhi declared itself insolvent on Wednesday with its…