To cheat a former bank colleague, a man concocted an elaborate plan to forge court documents including travelling to Malaysia to obtain counterfeit court seals. Cheong Eh Meng ended up cheating almost $4 million from his 65-year-old ex-colleague. On Wednesday (9 January) at the State Courts, Cheong, 55, pleaded guilty to 29 counts of cheating,…
Getty Images DXC Technology yesterday announced its acquisition of Luxoft, a global-scale digital innovator with world-class digital talent. I think this is an interesting acquisition, not only from a services industry perspective but also from the perspective of benefits to enterprise customers undertaking digital transformation. What The Acquisition Signals For The Services Industry From an…
Essar Group CEO Prashant Ruia says there must be a distinction in the bankruptcy code to deal with instances where the promoter has done something wrong and when it is a genuine business decision that has failed. When there is no wrongdoing, We should not talk about punishment, especially at a time when India is…
The National Company Law Tribunal (NCLT) has told the employee association of Reid and Taylor and the investor, who is backing them in their takeover bid, they have time till Thursday to furnish documents regarding their net worth to acquire the company. ALSO READ: RP of Reid & Taylor moves NCLT,…
ISTANBUL Turkeys Football Federation (TFF) chairman Yldrm Demirren has described a plan aimed at restructuring the countrys football clubs debts, estimated to be some 10 billion Turkish Liras, as a milestone. The deal the TFF has struck with the Turkish Banks Association [TBB] will strengthen the clubs financial and administrative structures and represents a strong…
The Australian Tax Office is lodging further legal action against the directors of debt-ridden Picton Press, taking them back to court, and this time has named the companys administrators in its lawsuit, as it seeks to overturn the Dec 18 court ruling, which dismissed its winding up order. In a separate development long-time well respected…
FILE – In this June, 15, 2015, file photo, Michael McStay, brother of the victims, and Susan Blake, their mother, arrive at court for the preliminary hearing for accused killer Chase Merritt in San Bernardino, Calif. Opening statements are expected Monday, Jan. 7, 2018, in the trial of Merritt for the murders of…
Hello, Dear Reader Welcome to the L.A. Daily News 2019 Crystal Ball . True, theres no ball here (and absolutely no crystal); just words on a page. But work with us here. Were coming from a good place 2018 where some shoe-leather reporting and getting to know the Valley has given us a decent idea…
Just when you thought Sears Holdings Corp. was on its way out, the bankrupt department store retailer could be saved once again by a $120 million infusion from its Chairman Eddie Lampert. Sears shares jumped 33% in afternoon trading Tuesday, after the potential Lampert rescue was revealed, reversing a loss of as much as 50%…
Share this: Many households will have started the new year with a nasty financial hangover thanks to the holiday spending season. That follows a record-breakingDecember where Australians racked upa record $30 billion in credit card debt alone. If youre one of these people, what should you do to avoid carrying and accumulating even more of…