Brazilian bank apologises for mistaken liquidation alert

(June 14): Nu Holdings Ltd co-founder Cristina Junqueira apologised to Nubank customers who received an app alert telling them the bank had been liquidated, saying a software programmer inadvertently caused the faulty notification. “Really bizarre, but that’s exactly what it was: an operational error,” Junqueira wrote late Friday in response to questions from followers on…

Loan scam: Investors lose $9m to ex-SEA Games player

SINGAPORE – Robert (not his real name) reckons he is a savvy investor, so when he was introduced to an investment company that promised 16 per cent returns per annum for a business loan, he was sceptical. But the 38-year-old businessman was swayed after meeting the firm’s Singapore-based director, James Nicholas Kodrowski, in 2018. Kodrowski,…

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Naseer Ahmed Insolvency: NCLT declares Congress MLC Naseer Ahmed insolvent over Rs 1,455-crore loan default, ETLegalWorld

National Company Law Tribunal (NCLT) Bengaluru (Karnataka) [India], June 13 (ANI): In a major setback for Congress MLC Naseer Ahmed, the National Company Law Tribunal (NCLT) has declared him insolvent over default on bank loans and interest totalling Rs 1,454.71 crore. The order puts his Legislative Council membership and voting rights at risk. The case…