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Tag Archives: bankruptcy

Founder of crypto exchange FTX faces charges from multiple U.S. agencies

New York, U.S. | Xinhua | Multiple U.S. agencies have filed charges against Sam Bankman-Fried, founder and former chief executive officer of cryptocurrency derivatives exchange FTX, which went into bankruptcy in November 2022. The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Bankman-Fried with defrauding investors and customers in crypto …

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Global Security JSC bankruptcy case terminated

Kampala, Uganda | THE INDEPENDENT | A bankruptcy litigation against Global Security JSC, a Russian company that was awarded a 10-year contract to install digital monitoring systems in all motorcycles and vehicles in Uganda has been terminated. The case was terminated on November 22, according to a ruling by the Arbitration …

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Muhwezi explains role in controversial vehicle tracking deal

Kampala, Uganda | THE INDEPENDENT | The Minister of Security Maj. Gen. Jim Muhwezi has denied any influence in the signing of the contract between the government and a Russian company to install digital monitoring systems in all motorcycles and vehicles. Muhwezi on Thursday presented a personal statement on the floor of …

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We approved Global Security contract, says Attorney General

Kampala, Uganda | THE INDEPENDENT | The Attorney General Kiryowa Kiwanuka says the 10-year contract government of Uganda signed with Russian company Joint Stock Company Global Security to install digital monitoring systems in all motorcycles and vehicles in Uganda was approved by his office. Joint Stock Company Global Security which was …

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Thomas Cook collapses with 600,000 tourists stranded abroad

London, United Kingdom | AFP | British travel firm Thomas Cook collapsed into bankruptcy on Monday, leaving some 600,000 holidaymakers stranded and sparking the UK’s biggest repatriation since World War II. The 178-year-old debt-plagued group, which had struggled against fierce online competition for some time and blamed Brexit uncertainty for a …

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