Councilman Bobby Wilson (District 1) proudly announced that more than $58 million in medical debt has been abolished for over 43,000 Pittsburgh residents, thanks to a partnership between the City of Pittsburgh and national nonprofit Undue Medical Debt (formerly RIP Medical Debt). This milestone follows legislation introduced and passed by Councilman Wilson in 2023, which authorized the City to contract with the nonprofit to identify and erase qualifying medical debt held by Pittsburghers.

The eligibility requirements for the health care debt relief stated that individuals must be residents of the City of Pittsburgh. They also had to meet at least one of the following two criteria: (1) have a household income between…

• Helim Miah was made bankrupt in 2006, owing millions to his creditors.  

• Despite a bankruptcy order and a 13-year director disqualification, he formed two companies and bought a car on finance. 

• He was sentenced to four years and eight months in prison at Merthyr Tydfil Crown Court. 

A Welsh businessman, made bankrupt nearly 20 years ago, has been jailed for more than four years after hiding £130,000 in assets, continuing to operate as a company director and obtaining more than £100,000 in credit.  

Helim Miah ran Fresh ‘N’ Clean (Wales) Ltd until 2006, when he was made bankrupt owing £12.3 million to his creditors and was disqualified as a director for 13 years.  

The 46-year-old…

Auckland Mayor Wayne Brown’s chief of staff is being moved aside after a council inquiry found he should have alerted Brown and officials to his personal company going into liquidation owing IRD $560,000 in GST.

From Tuesday, Jazz Singh will move temporarily to project work in the council chief of staff’s office to continue some unfinished work.

Brown said: “It is disappointing to see this situation require him to step aside,” but acknowledged it was “the right thing to do under the circumstances”.

Newsroom revealed the liquidation and the council and Brown’s lack of awareness on July 21.

A week-long inquiry by the council’s chief executive Phil Wilson found Singh had declared his outside business interest…

July 29 (Reuters) – Indian electric cab firm BluSmart has entered insolvency, an order from a company law tribunal showed, amid mounting corporate governance issues after a regulatory probe alleged its co-founder diverted funds meant for vehicle purchases.

BluSmart suspended operations in April after India’s market regulator barred co-founder Anmol Jaggi from the securities market.

The ban followed allegations that Jaggi diverted funds from his publicly listed affiliate, Gensol, for personal use—including the purchase of a $5 million luxury apartment and a golf set worth $30,379.

The National Company Law Tribunal admitted insolvency proceedings against BluSmart, following a petition filed by financial creditor Catalyst Trusteeship on May…

BluSmart Mobility was founded by the Jaggi brothers, the promoters of Gensol Engineering, a listed solar engineering company. Gensol itself was admitted into insolvency proceedings by the same NCLT bench in June.

The court ordered initiation of corporate insolvency procedures on BluSmart Mobility from the date of pronouncement of the order. It has appointed a resolution professional to manage the company’s assets during the bankruptcy process.

In the order, which was pronounced on July 28, the bench decided on an application made by Catalyst Trusteeship, in its…

The Enforcement Directorate (ED) has launched search operations at over 35 premises linked to companies and executives associated with Anil Ambani’s Reliance Group in connection with a suspected Rs 3,000 crore loan fraud and money laundering case.

Reliance Power and Reliance Infrastructure issued a statement and said the ED raids relate to old cases involving other group firms and clarified they have no links to those companies or the matters under investigation.

The operation, which is being carried out under Section 17 of the Prevention of Money Laundering Act (PMLA), follows two FIRs registered by the Central Bureau of Investigation (CBI) — RC2242022A0002 and RC2242022A0003.

These complaints relate to allegations of loan diversion,…