The former head of a bank in Tajikistan that collapsed under the weight of bad loans has been arrested on suspicion of various illicit financial machinations. Asia-Plus news website cited unnamed sources on April 25 as saying that Jamshed Ziyoyev, ex-chairman of Tojprombank, is being kept at a holding cell in the capital, Dushanbe. Prosecutors are reportedly…
Wipro, one of the largest IT services providers in the country, will announce its earnings for the March quarter and financial year 2017-18 on Wednesday. It would be the third Nifty-listed IT company to announce results after Infosys and TCS this earnings season. Both TCS and Infosys posted decent sets of numbers, either in-line or better than…
Hearings started April 24 in a court case related to the collapse of the bank Latvijas Krjbanka (Latvian Savings Bank) in 2011 in murky circumstances, reports LTV’s Anete Brtule. Riga Regional Court is hearing the appeal case which follows a case brought by the bank’s administrators, KPMG Baltic, against former members of the board of Latvijas Krjbanka. It…
NorthCapital Holding ApS is an international investment company with its registered office in Copenhagen, Denmark. It is primarily active in the fields of gemstones, oil and gas. However, the company also invests in companies of the financial and production sector. Thus, within the scope of its merger & acquisition strategy, the company today acquired Starz…
Controversial property developer Salim Mehajer has been found guilty of intimidating his ex-wife when he emailed and messaged her in 2017. Magistrate Jacqueline Trad on Tuesday rejected Mehajer’s “confusing” and “self- serving” evidence that he hadn’t sent certain emails and an Instagram message to ex-wife Aysha Learmonth. Play Video Don’t Play North Shore rapist denies…
By Mabell, Dave on April 24, 2018. Dave Mabell Lethbridge Herald [email protected] Albertas economy is growing. But so are interest rates. And a growing number of Albertans are getting anxious about their debt. A new research report from the nations largest personal insolvency firm shows 55 per cent of Alberta consumers are feeling the pinch,…
Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating “only God” has the power to declare him insolvent. A Federal Circuit Court judge declared the property developer bankrupt in March while he was in prison, having been refused bail over claims he staged a car crash and defrauded an…
Mehajer, the former deputy mayor of the now defunct Auburn council, has launched a Federal Court bid to overturn his bankruptcy while he awaits a court ruling on whether he will be jailed for electoral fraud. Mehajer was declared bankrupt by the Federal Circuit Court on March 20 while he was in prison awaiting trial…
A DOCTORs surgery was forced to close last week after a GP was declared bankrupt. Abbey Surgery in Abbey Street, Accrington closed suddenly last Friday, leaving patients in the dark as to why the practice had shut. But the Lancashire Telegraph has learnt that Dr Alec Yolomoni Kapenda was made bankrupt in the High Court…
Introduction Facts Decision Comment Introduction The A Coruna Court of Appeals recently addressed two key issues relating to a shareholders’ right of separation regulated under Article 348bis of the Companies Act namely: when a separation is effective; and what happens when the credit right for reimbursement leads the company to insolvency.(1) Article 348bis…