Maxwell liquidators cry 'foul' over drubbing by committee
Article Abstract:
Administrators of the Maxwell Communication Corporation Mark Homan and Jonathan Phillips were criticised by Frank Field's social security committee for the liquidation costs of between 50 million pounds sterling and 100 million pounds sterling. They had to examine thousands of documents concerning 18 billion pounds sterling-worth of deals. MPs (Members of Parliament) attacked the work of receivers Buchler Phillips who worked on the private estate and that of Neil Cooper of Robson Rhodes, the liquidator of Bishopsgate Investment Management, which managed the pension fund.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1993
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Defence rejects Maxwell death was suicide
Article Abstract:
Business tycoon Robert Maxwell's death was not the suicide of a man who realised that his fraudulent business dealings were about to be uncovered, according to defence lawyers for his sons Kevin and Ian Maxwell, who are on trial for conspiracy to defraud pensioners of Maxwell business operations. His death was widely seen as suicide, however, and this led to a sharp fall in the share price of Maxwell Communication Corp, with banks withdrawing their support. The defence claims that Robert Maxwell did not act dishonestly in transferring assets from the pension funds.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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Maxwells 'used pension funds to shore up empire.' (trial of Kevin and Ian Maxwell)
Article Abstract:
Kevin Maxwell, the youngest son of the late Robert Maxwell, has denied conspiring with his father to defraud the trustees and beneficiaries of the pension fund for Maxwell employees by misusing 100 million pounds sterling worth of shares in Israeli company Scitex. Along with his brother Ian and two others, he has also denied a similar charge involving 22 million pounds sterling worth of shares belonging to pensioners in Israeli pharmaceutical concern Teva.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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