Adani Group chiefs accused of using bribery to win solar energy deal
India’s port infrastructure behemoth Adani Group has found itself in another controversy surrounding its corporate ...
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK
The latest twist in the sad and sorry tale of Vietnam’s national shipping company and shipbuilder, Vinashin, this week saw the arrest of a former sales manager who had, on the paltry earnings of a shipping line rep, managed to accrue 40 properties and five luxury cars. Prosecutors allege that he and Vinashin’s chief executive colluded to fix vessel prices artificially high. In one case a secondhand Italian vessel was acquired for $67.6m and retired after just 39 voyages. Vinashin’s debt pile is currently sitting at $4.5bn.
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