Altada liquidator alleges private investors urged company to ‘burn’ creditors owed €10m

📆 19/03/2023 07:00 م
📰 businessposthq

⏱ Reading Time:
10 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 71%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

The directors of Altada were allegedly told to set up a new phoenix-type entity called “Altada 2” and “shake-off” unsecured creditors owed millions, according to a new affidavit seen by the Business Post.

In October last year, as Altada was under increasing financial pressure, an employee at the tech firm sent an email to a company formation agent in Malta, according to a liquidator’s report filed in the High Court last week.

“We wish to expedite the set-up of a new company formation in Malta. This needs to be set up in the quickest time possible. Re: Holding structure to benefit from 5 per cent tax we ...

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

اكتب تعليق

مصر أحدث الأخبار, مصر عناوين