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Pacific Andes, once the world's biggest fish filleter, suspected by New York bankruptcy trustee of using cash raised to buy fish to fund $800 million takeover. The group denies the claim.
The aircraft maker said it had failed to provide full disclosure on its use of third-party agents for sales in the emerging markets. Authorities are looking into the case while freezing credit support.
As companies assess the damage from the Tianjin port explosions, the catastrophe highlights the role that corporations can play in preventing ‘avoidable’ disasters.