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It was exposed rather quickly -- because when the shit hit the fan -- the banks owed the money probably approached the auditors.
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It was exposed rather quickly -- because when the shit hit the fan -- the banks owed the money probably approached the auditors.
I would suggest that people with $5+ billion at their disposal would be able to situate themselves somewhere that they can't be extradited from.
Three rules about prosecutions for corporate frauds:
Karateboy,
They are not at all in the same boat.
https://www.bbc.co.uk/news/business-52172006
UAE could take over the company by buying it out of administration for $1.
What bonds?
They probably will rescue it.
PE now down below 200 - when does it become good value? Perhaps at a PE of 20?
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