Mcdowells pushes for final liquidation – The Herald

McDowells Business Reporter McDowells International (Pvt) Limiteds provisional liquidator Winsley Militala is pushing for the companys final liquidation as it has no prospects of becoming a successful concern after losing its money lending licence to the Reserve Bank of Zimbabwe.The company is currently under provisional liquidation after its money lending licence was cancelled by the…

Yet another insolvency leaves behind jobless Pakistani workers inside KSA – DunyaNews Pakistan

  Last Updated On 08 November,2016 07:23 pm Pakistani Embassy in KSA is also not coordinating over the matter, complains the workers DAMMAM (Web Desk) Pakistani citizens living abroad have been left to endure the hardships and unforeseen austerity once again as yet another company within Kingdom of Saudi Arabia (KSA) declares bankruptcy. According to details,…

RBS is paying £400 million to try and settle its small business restructuring scandal – Business Insider

Britains financial watchdog on Tuesday said Royal Bank of Scotland was guilty of systematic mistreatment of distressed small businesses that came to it for help, but cleared the bank of the most serious allegation that RBS forced businesses into default for its own benefit. RBS announced alongside the reports findings that it will automatically refund…

Tyremil owner Tony Di Carlo accused of ripping off small businesses while Government investigates – ABC Online

The owner of a rogue tyre recycling business has been accused of failing to pay his suppliers hundreds of thousands of dollars and of deliberately liquidating debt-ridden companies to escape creditors, as the Queensland Government looks at ways to shut down the business. Tony Di Carlo’s Tyremil group of companies remain under investigation by…