Sears Canada bankruptcy monitor to examine contentious shareholder payments of more than $600M – Calgary Herald

Those payments as well as several others stretching back to 2005 were met with consternation by industry observers at the time Sears Canada gave up the ghost this year after more than a decade of pundits calling for its demise. Leah Hennel/Postmedia TORONTO  Sears Canadas bankruptcy monitor is investigating more than a half billion dollars…

Insolvency code: Gujarat NRE Coke CMD seeks more accountability from bankers – Livemint

Gujarat NRE Coke is one of the companies affected by the recent ordinance which bars promoters from bidding for stressed assets unless they repay the interest and principal amount. Mumbai: The chairman and managing director of Kolkata-based Gujarat NRE Coke Ltd, Arun Kumar Jagatramka, has criticised bankers and regulators for allowing viable companies to go…

UPDATE 2-Ukraine central bank says PrivatBank was used for shady deals, money-laundering – Reuters

(Adds Kolomoisky comment, quote from central bank deputy governor, background) By Natalia Zinets KIEV, Jan 16 (Reuters) – Ukraines central bank said on Tuesday an investigation into the countrys largest lender, PrivatBank, which was taken into state control in 2016, showed it had been used for money-laundering and shady deals over the course of at…

UPDATE 1-Ukraine’s cenbank says PrivatBank was used for shady deals, money-laundering – Reuters

(Adds details, background) KIEV, Jan 16 (Reuters) – Ukraines central bank said on Tuesday an investigation into PrivatBank, the countrys largest lender which was taken into state control in 2016, showed it had been used for money-laundering and shady deals over at least a decade. Representatives of PrivatBanks former main shareholders did not immediately provide…

UPDATE 1-Ukraine’s cenbank says PrivatBank was used for shady deals, money-laundering – Kitco News

(Adds details, background) KIEV, Jan 16 (Reuters) – Ukraine’s central bank said on Tuesday an investigation into PrivatBank, the country’s largest lender which was taken into state control in 2016, showed it had been used for money-laundering and shady deals over at least a decade. Representatives of PrivatBank’s former main shareholders did not immediately provide…