Lakshmi Mittal Aurelien Meunier / Getty Images The higher you climb, the further you have to fall, as the saying goes. Pramod Mittal, the 64-year-old brother of Lakshmi Mittal, the head of Arcelor Mittal steel, and 19th richest man in the UK, has been declared bankrupt with debts of 130 million, according to reports in…
Wabinas lawyers Ong Yu Shin and Soon Ley Theng outside the courtroom at the High Court in George Town today. GEORGE TOWN: The High Court here today allowed a judicial review of a ministers order on the federal gazette allowing companies to repay their debts in six months instead of 21 days during the movement…
Eleanor Temple, chair of R3 in Yorkshire Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on Fridays publication of the Governments monthly corporate and individual insolvency statistics for May: Todays figures show corporate insolvency numbers declined between April and May of this…
A scion of one of Britains richest families who spent 50 million on his daughters wedding has been declared bankrupt with debts of more than 130 million, The Times can reveal. Pramod Mittal, 64, appears to have lost a fortune while becoming embroiled in an investigation into organised crime. His familys mansion in Mayfair, central…
A scion of one of Britains richest families who spent 50 million on his daughters wedding has been declared bankrupt with debts of more than 130 million, The Times can reveal. Pramod Mittal, 64, appears to have lost a fortune while becoming embroiled in an investigation into organised crime. His familys mansion in Mayfair, central…
Rugby Australia is expected to start laying off staff as early as this week after finally completing its 2019 financial report. The heartbreaking decision to cut jobs looms as the only way the cash-strapped code can survive in the future even after getting the thumbs up to continue operating from its accountants KPMG. Despite being…
German payments provider Wirecard said Saturday that it would continue to operate despite filing for insolvency following a vast accounting fraud scandal. The group admitted this week that 1.9 billion euros ($2.1 billion) missing from its accounts likely does not exist, in a spiralling saga that has stunned Germany and evoked memories of the Enron…
Photograph: Shutterstock The coronavirus pandemic and ensuing shutdown have had a massive impact on restaurants, with industry sales at one point cut in half compared tolast year. Some chains that had been struggling before the pandemic were unable to weather the storm. Seven chains have declared bankruptcy, though thesemay well be the tip of the…
Rugby Australia is expected to start laying off staff as early as this week after finally completing its 2019 financial report. The heartbreaking decision to cut jobs looms as the only way the cash-strapped code can survive in the future even after getting the thumbs up to continue operating from its accountants KPMG. Despite being…
He orders a Voyager Estate chardonnay and confesses to having once owned the Smithbrook winery in Pemberton, Western Australia, in partnership with his best friend, the late David Clarke, one of the founders of Macquarie Group. They later sold Smithbrook to Brian Croser. Ferrier, 79, is a former chairman of Australian Vintage, which owns McGuigan…