10 Jan Cocoa firm Transmar Group’s woes mount as ABN Amro, others sue for fraud
By Chris Prentice
NEW YORK, Jan 11 (Reuters) – Eight banks including a unit of
ABN Amro, Société Générale and BNP Paribas have sued executives
of New Jersey-based Transmar Group for defrauding them of $360
million in credit lines, just a year after a unit of the firm
filed for bankruptcy.
The group of banks, which include some of the world’s top
commodities lenders, claim the eight executives including
founder and Chief Executive Peter G. Johnson knowingly
overstated the value of as
NEW YORK, Jan 11 (Reuters) – Eight banks including a unit of
ABN Amro, Société Générale and BNP Paribas have sued executives
of New Jersey-based Transmar Group for defrauding them of $360
million in credit lines, just a year after a unit of the firm
filed for bankruptcy.
The group of banks, which include some of the world’s top
commodities lenders, claim the eight executives including
founder and Chief Executive Peter G. Johnson knowingly
overstated the value of as
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