UPDATE: A SOBBING woman collapsed to the floor outside Brisbane District Court after a jury convicted former Kleenmaid director Bradley Wendell Young of fraud and insolvent trading. The jury returned verdicts after almost four hours, following an 18-week trial. Young was found guilty of one offence of fraud and 17 counts of insolvent trading. He…
DetailsUPDATE: A SOBBING woman collapsed to the floor outside Brisbane District Court after a jury convicted former Kleenmaid director Bradley Wendell Young of fraud and insolvent trading. The jury returned verdicts after almost four hours, following an 18-week trial. Young was found guilty of one offence of fraud and 17 counts of insolvent trading. He…
DetailsBy Promit Mukherjee MUMBAI (Reuters) – India’s Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman said on Thursday, a turnaround for a company that four years ago reeled under heavy debt after an ill-advised overseas expansion. Suzlon’s purchase of German wind energy firm RePower, now…
DetailsPoor Christine! The IMF director and Parasitocrate Haute Gamme Ms Lagarde recently learned that she must stand trial for corruption charges in France. It concerns a complicated deal that went down while she was finance minister of France. Not worth trying to understand in detail But poor Christine who did part of her schooling in…
DetailsRelated Story: Virgin Australia taps shareholders for $852 million, jobs shed in restructure Virgin Australia has plunged to a $225 million full-year loss, having bitten the bullet on restructuring its business and fleet. The vast bulk of the loss comes from $440.5 million in restructuring charges as the airline has sought…
DetailsImagine a world in which the standard benefit package at work includes health insurance, 401(k) contributions, and a few thousand dollars to pay off your student debt. More companies than ever are offering that last perk, but it’s still a fringe benefit. Congress has even considered giving companies a tax incentive to do just that.…
DetailsJURORS in the Kleenmaid fraud trial have begun deliberations. Former Kleenmaid director Bradley Wendell Young, 44, pleaded not guilty in Brisbane District Court in April to defrauding Westpac through a $13-million loan and operating the Sunshine Coast based whitegoods company while it was insolvent. At 12.06pm today, the jury began working through the one fraud…
DetailsFederal prosecutors in the Southern District of New York on Thursday unsealed an indictment charging 46 defendants for alleged crimes as part of a massive, multi-state organized crime network. Prosecutors say the network stretches from Springfield, MA to southern Florida. Individuals named in the indictment are alleged to be involved with the Genovese, Gambino, Luchese, Bonanno,…
DetailsA company has gone into liquidation leaving behind tens of thousands of tonnes of hazardous material, raising questions about who is responsible for it. Tiwai Point smelter Photo: Wiki Commons The material, Ouvea Premix – a type of fertiliser – comes from dross from Tiwai Point Aluminium Smelter. Aluminium dross is a hazardous material which…
DetailsWASHINGTON, D.C. — Retired iron workers in Northeast Ohio will get a short reprieve before their pensions could be cut. It’s not as if their union pension plan has turned around financially, however. If anything, new projections show the Iron Workers Local 17 fund — the retirement fund for the men and women who erected…
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