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Hot Topic Reporting season
Hot Topic Reporting season
2 mins to read

CBL ‘set-off’ for mystery Samoan bank deposit

A draft restructuring plan hints at scheme to salvage value.  

Tim Hunter
Tue, 03 Jul 2018

A mysterious bank deposit in Samoa, cited in the Reserve Bank’s application to liquidate CBL Insurance, appears to be a part of a draft restructuring plan drawn up by two of the stricken insurer’s directors.

When the Reserve Bank sought interim liquidation for CBLI it expressed concern that some

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Tim Hunter
Tue, 03 Jul 2018
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CBL ‘set-off’ for mystery Samoan bank deposit
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