COURT ORDERS INDEPENDENT PROBE INTO FIRST BRANDS FRAUD ALLEGATIONS
https://media.zenfs.com/en/reuters.com/da36990dac03fa9853f243ea63ce4aae
✍️ A US bankruptcy judge has ordered an independent investigation into auto parts maker First Brands, allocating a $7 million budget to probe allegations of fraud involving the company's use of third-party financing for customer invoices.
👉 US bankruptcy judge orders independent investigation into First Brands 👉 Investigation to probe allegations of fraud involving third-party financing for customer invoices 👉 Examiner will investigate sale of customer invoices to multiple buyers and holding of customer payments 👉 Examiner will also investigate transfers of money out of First Brands to affiliates or related companies
-- #DietrichKnauth #ChristopherLopez #PatrickJames #AlexiaGaramfalvi #SonaliPaul #NewYork #Houston #world
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