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Bell Pottinger Private (legally BPP Communications Ltd.) was a British multinational public relations, reputation management and marketing company headquartered in London, United Kingdom. On 12 September 2017 it went into administration (bankruptcy) as a consequence of a scandal caused by its activities in South Africa.
In 2012, Henderson supported Lord Bell in a £20.5m management buy-out of Bell Pottinger from Chime Communications [10] (the total deal value was £26.5m including an ancillary transaction to acquire the Pelham shareholding), with Henderson, holding a 25% equity stake, subsequently appointed group chief executive.
[21] [22] [23] The company filed a case against a local engineer under the Digital Security Act. [24] Bangladesh High Court ordered S. Alam Group to pay 500 thousand taka to each of those workers killed in the police action. [25] The company launched a satellite television channel, Nexus Television, in July 2021. [26] [27] [28] [29]
The willingness of governments to allow lenders to place debtor-in-possession financing claims ahead of an insolvent company's existing debt varies; US bankruptcy law expressly allows this [8] while French law had long treated the practice as soutien abusif, requiring employees and state interests be paid first even if the end result was liquidation instead of corporate restructuring.
The company was founded in 1989 and is headquartered in Dhaka, Bangladesh. United Finance collect around 80 percent of their funds directly from individual depositors. [5] The company has 25 branch offices across the country covering all 64 districts with financial services.
A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to the Registrar.
Bangladesh Bank appointed an observer in the board of directors of Bangladesh Industrial Finance Company Limited in 2015. [10] From December 2012 to December 2016, defaulted loans at Bangladesh Industrial Finance Company Limited jumped from 12 percent to 90 percent. [9] In 2012 the company had 840 million loan and 2016 it was 7.8 billion taka. [9]
People's Leasing and Financial Services Limited is a major non-bank financial institution in Bangladesh providing leasing and investment services. In 2020, Bangladeshi-Canadian businessman Proshanta Kumar Halder, known as the Sultan of Swindle, scammed 35 billion taka from the company. [2] [3] [4] [5]