UAE Sheik failed to pay for renovation of iconic King Edward, claims builder The controversial foreign owner of Port Elizabeths iconic King Edward Hotel has been accused of allegedly failing to pay more than R1-million worth of bills for renovation work on the hotel. Port Elizabeth attorney Lunen Meyer confirmed yesterday that he had…
DetailsBy Kai Sedgwick, ContributorPublished: June 26, 2017 12:24 EST | Updated: June 26, 2017 12:24 EST Share this: Man arrested in Queensland allegedly caught with cash and casino chips Case reportedly involves former mayor, and up to $5 million in gambling debt It has been reported by the Brisbane Times that police in…
DetailsAN IPSWICH mum admitted to a colleague she was systematically stealing thousands from her Riverlink employer to pay a gambling debt. Kelly Anne Mackney told a person she worked with she was “constantly robbing Peter to pay Paul” before she was caught for stealing $4669 from the Ipswich Riverlink Rivers store. Mackney didn’t deposit money…
DetailsThe Turkish exile owner of the British luxury smartphone brand Vertu plans to put its manufacturing arm into administration to wipe out heavy debts. Representatives of Paris-based Murat Hakan Uzan met concerned staff at Vertu Corporation Ltd (VCL) headquarters in Hampshire this afernoon, to reveal plans for a pre-pack deal. He will attempt to secure…
DetailsRising mortgage debt is affecting everything from employment to spending, as Australians approach retirement, our study finds. Higher levels of housing debt among pre-retirees are linked to them working for longer. We found for a home owner aged 45-64 years, the chances of being employed are around 40% higher for every additional $100,000 in mortgage…
DetailsBanca Monte dei Paschi di Siena expects to close the sale of 26bn of bad loans within days following a last-ditch bid from Italys industry-backed rescue fund to revive a deal that looked to have collapsed. A deal to would unlock billions of euros of public funds to recapitalise MPS, save the Tuscan bank from…
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DetailsPTI New Delhi , June 29, 2017 16:03 IST Updated: June 29, 2017 16:04 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device =…
DetailsState Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016. ‘).appendTo($(‘#gta_top’));$(”).appendTo($(‘#gta_top’));},3000);} else if (google_ads.length > 1) {s += ”;}s += ‘ ‘}}return;}google_ad_client = “pub-7641565019577886”;google_ad_slot = “8438645248”;google_ad_width = 620;google_ad_height = 70;google_max_num_ads = 1;google_ad_type = ‘text’;google_ad_output = ‘js’; Electrosteel Steels…
DetailsNew Delhi, June 29: Top lender SBI and other creditors have moved insolvency proceedings against Kolkata-based Electrosteel Steels at the National Company Law Tribunal (NCLT). State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016, Electrosteel Steels said…
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