Two and a half years later, no proof has been found that the operations of the Banca Privada de Andorra (BPA) were involved in illegal proceedings. In spite of that, the clients are still awaiting the reimbursement of their frozen assets, 190 million euros according to official estimations, consisting of deposits and fixed income. As […]
La Agencia Estatal de Resolución de Entidades Bancarias de Andorra (AREB) deberá entregar los informes de PriceWaterhouse Coopers (PwC) sobre las revisiones de cuentas de BPA. Así lo ordena la Batllia (el juzgado de Andorra), que ha estimado parcialmente la demanda de unos clientes de la entidad a quien la agencia bloqueó las cuentas. Algunos […]
The State Agency for Resolution of Banking Institutions of Andorra (AREB) must provide the reports by PricewaterhouseCoopers (PwC) for the BPA account reviews. As ordered by La Batllia (the court of Andorra), that has partially estimated the demand made by some clients of the entity to whom the agency blocked the accounts. Some clients of BPA sued […]
Once Mr. Thomas Jefferson, the third president of USA stated in one of his letter to a senator that “banking institutions are more dangerous than the armies ready for combat”. But after almost 200 years, his statement and thought seem to be prophetic and applicable for the UAE based financial institution MASHREQ BANK, as their […]
Investing or opening a bank account with the Mashreq Bank in Dubai, can be a real nightmare for foreign entrepreneurs, and result in fraud because of the actions of the vice president of business banking and relations manager, Ahmed Bilal Sheikh, at the Sharjah branch, an institution that, despite its long history and the experience that it preaches with its anniversary slogan […]
Invertir o abrir una cuenta bancaria en el Mashreq Bank con sede en Dubai, puede resultar una verdadera pesadilla para los empresarios extranjeros y terminar envuelto en un fraude por parte del vicepresidente de Negocios Bancarios y gerente de Relaciones, Ahmed Bilal Sheikh, de la sucursal de Sharjah, institución que pese a su larga trayectoria […]
Aunque la Agencia Estatal de Resolución de Entidades Bancarias (AREB), organismo creado para gestionar la crisis de BPA cuando Andorra intervino la entidad en marzo de 2015, aprobó desde más de un año el traspaso de los activos del banco que estaban fuera de sospecha a Vall Banc, que fue vendida al fondo buitre estadounidense […]
Although the State Agency for the Resolution of Banking Institutions (AREB), an organism created to manage the BPA’s crisis when Andorra intervened the entity in March 2015, more than a year ago approved the transfer of the bank’s assets that were out of suspicion to Vall Banc, which was sold to the US vulture fund […]
Indiscutiblemente el escándalo de la Banca Privada d’Andorra (BPA) tuvo un “modus operandi” que involucró a jueces y fiscales que en su momento se plegaron al servicio del poder político y económico, lo que ha quedado al descubierto con la reciente declaración de Rafael Pallardó, empresario y abogado detenido en España por su implicación en […]
Unquestionably, the scandal of Banca Privada d’Andorra (BPA) had a “modus operandi” that involved judges and prosecutors who at the time folded to the service of political and economic power, which has been exposed with the recent declaration of Rafael Pallardó, a lawyer and businessman arrested in Spain for his involvement in the alleged money-laundering […]