BNB babcock & brown limited

Ann: Interest payments on Notes suspended , page-16

  1. 2,239 Posts.
    A few things are quite obvious:

    BBIPL are dumping the assets quite quickly
    They are giving no indication to BNB how much they are getting for them
    They are giving the money straight to the banks

    By the time that Deloitte's and also the BNBG holders know what's going on, the assets and money will be gone. If an adverse finding, eg illegal activites, etc is made against the previous BNB board, I wouldn't imagine that anybody will be able to get the money back from the banks, without, at an absolute minimum, many years of court cases.



 
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