The $7b hangover: How IAG was sucked into Lex Greensill's vortex
One of Australia’s most expensive corporate fights is in court. But how did the insurer targeted in the cases become entangled?
Source: afr.com
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How to steal a game reserve: poach animals, sell plots and threaten those in your way
It was a land claim that could have become a Big Five game reserve in KZN. But greed, incompetence and guns have ensured that the community has ended up with empty hands and a load of grievances. It was a land claim that could have become a Big Five game reserve in KZN. But greed, incompetence...
Source: dailymaverick.co.za
Gerald Smith: £73m jet-set fraudster to have tens of millions of pounds in debts written off
Gerald Smith has won agreement from a judge to issue a “certificate of inadequacy” after the Serious Fraud Office accepted that he will be at least £30 million short of clearing his arrears. The let-off for Smith was agreed during a commercial court hearing in London over the ownership of tens of millions of pounds of assets obtained in deals conducted by him and others, including the Formula One investor Andy Ruhan. The Serious Fraud Office is seeking to win the right to some of the money, which includes millions of pounds worth of homes in London and elsewhere, and the r...
Source: yahoo.com