KREUGER’S HUGE DEBTS
DEAD SWEDISH FINANCIER SUM OF £45,000,000 INVOLVED. FRAUDS OVER EIGHT YEARS. BANKRUPTCY FOR COMPANIES. t.-.i ASROclrtC-.ot.— By Element T.-lt-grapU OopyngUt.) Received 10.45 a.m. to-day. STOCKHOLM, May 20.
The final report of the investigatory committee shows Kreuger’s personal debts amounted to £25,000,000 and other liabilities to £20,000,000, including £10,000,000 claimed by the Kreuger Toll Company. Unsecured creditors will receive a negligible payment. Kreuger . companies must go bankrupt. It is elicited the frauds extended over eight years.
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Bibliographic details
Hawera Star, Volume LI, 21 May 1932, Page 5
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78KREUGER’S HUGE DEBTS Hawera Star, Volume LI, 21 May 1932, Page 5
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