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Insurers must pay bank for £34m loans after cocoa fraud

Insurers must pay bank for £34m loans after cocoa fraud
Published on: 03 March 2021
Published by: Law360
  • Insurers must pay bank for £34m loans after cocoa fraud

Article summary

Law360, London: Underwriters could owe ABN Amro Bank NV as much as £33.5m ($US 47m) after a London judge ruled that they’re on the hook for loans two cocoa suppliers failed to repay before they collapsed as the result of massive fraud. or take a trial to read the full analysis.

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