Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Access Denied You don't have permission to access "http://www.business-standard.com/companies/news/ed-restitutes-assets-worth-rs-4-025-cr-in-bhushan-steel-bank-fraud-case-124121400170_1.html" on this server. Reference #18.1ef3ce17.1734165628.75989c3 https://errors.edgesuite.net/18.1ef3ce17.1734165628.75989c3 Read the original article here
The liquidation of Louis Liebenberg’s diamond dealing company is in the spotlight after findings from a SIU report were leaked.
A fracas has been unfolding about the integrity of the liquidation process of fraud-accused diamond dealer Louis Liebenberg’s company Tariomix.
This after it has come to light that the liquidators’ key legal advisor features in a Special Investigating Unit (SIU) report which has already landed on President Cyril Ramaphosa’s desk.
On Wednesday, the report’s findings pertaining to Advocate Kobus Senekal have been leaked on the Facebook group “Spotlight on Tariomix Liquidation”, casting a shadow over the liquidator collective headed by Vaughn Victor.
You don’t have permission to access “http://www.business-standard.com/companies/news/ed-restitutes-assets-worth-rs-4-025-cr-in-bhushan-steel-bank-fraud-case-124121400170_1.html” on this server.
New Delhi, Dec 14 (PTI) The ED has restituted assets worth Rs 4,025 crore of the erstwhile Bhushan Steel and Power Limited to JSW Steel following approval from the Supreme Court, the federal probe agency said on Saturday. JSW Steel was the successful resolution applicant to the assets of the insolvent company under the Insolvency and Bankruptcy Code (IBC) of the Corporate Insolvency Resolution Process (CIRP). These assets were earlier attached by the federal probe agency under provisions of the Prevention of Money Laundering Act (PMLA) in an investigation against Bhushan Steel and Power and its promoters on charges of alleged bank loan fraud and “diversion” of those funds for personal investments. The Enforcement…
A cosmetic surgery with a branch in Southampton which suddenly collapsed without warning has been acquired by a national cosmetics chain.
Lorena Cosmetics has acquired the Sk:n cosmetic surgery clinic chain that suddenly closed more than 70 branches across the UK last July, including a branch in East Street, Southampton.
According to Lorena Cosmetics, the company has actively worked to re-employ many former Sk:n employees and said it is dedicated to ensuring ongoing delivery of high-quality medical aesthetic and cosmetic services.
Founded in 1990, the collapse of Sk:n left staff and patients alike in the dark about the future of the company.
In a recent viral X post, Elon Musk brought back to discussion about Bill Gates (Trades, Portfolio)’ short position against Tesla (NASDAQ:TSLA) as a potential cause of bankruptcy for the Microsoft’s co-founder. Traced back, in Walter Isaacson’s 2023 biography of Elon Musk, it is written that Bill Gates (Trades, Portfolio) undisclosed his short position in big amount against Tesla.
As one of the loudest supporters for environmental and sustainability, Elon Musk said that Bill Gates (Trades, Portfolio) was hypocritical, supposed that he needs to support Tesla as the world’s most valuable EV maker by far. Gates’ short position on Tesla meaning he will profit when the Tesla share prices drop.
We had trouble validating your card. It’s possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.
Canoo’s independent director, James C. Chen, resigned earlier this week, with his resignation set to take effect by the end of the month, the company disclosed in a new SEC filing on Friday. The company also warned that, if it doesn’t secure funding over the next days, it won’t be able to continue its operations throughout the end of the month.
“On December 9, 2024, James C. Chen advised Canoo Inc. (the “Company”) that he would be resigning from the Company’s board of directors (the “Board”), effective December 31, 2024, or such earlier date as the Company elects a replacement director,” Canoo said in the filing.
