Word: bondie
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Dates: during 2000-2009
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...This pan-Asian restaurant, tel: (61-2) 9130 5400, lies on Bondi Beach's famed Campbell Parade and heaves with beautiful people. Chef Jo Ward trained under Australia's leading exponent of Asian cuisine, Cheong Liew, traveling with him to Malaysia and Japan to study traditional cooking techniques. Sample the eclectic results while reclining on one of the restaurant's Balinese day beds. Mains from a very reasonable...
...flamboyant parties alike, while the Double Bay location attracts Sydney's shovers and makers by the score. Mediterranean-influenced mains are priced from about $25. Afterward, find postprandial bliss in the hot pink cigar lounge. MU SHU This pan-Asian restaurant, tel: (61-2) 9130 5400, lies on Bondi Beach's famed Campbell Parade and heaves with beautiful people. Chef Jo Ward trained under Australia's leading exponent of Asian cuisine, Cheong Liew, traveling with him to Malaysia and Japan to study traditional cooking techniques. Sample the eclectic results while reclining on one of the restaurant's Balinese day beds...
...bankruptcy proceedings and warning of damage to bilateral relations.) Bank of America notes that it has been a victim in the case, already writing off $425 million. Citibank puts its total Parmalat exposure at $540 million. Where did the rest of the lost billions go? According to Bondi, $8.5 billion went to pay interest, dividends and fees--with $3.6 billion of that going to the banks. Magistrates allege that about $1.7 billion was siphoned out of the company by Tanzi and his family, and much of the rest was used to cover operating losses that management was desperate to hide...
Sala, 40, has since confessed to magistrates that he received more than $20 million in kickbacks from Parmalat while at Bank of America. Most of it came directly from a refinancing of a 1999 Brazilian transaction that is now a central element of bankruptcy administrator Bondi's case against the bank. In that transaction Bank of America raised $300 million in funding from U.S. investors via two entities it set up in the Cayman Islands. The bank used the money to acquire an 18% stake in Parmalat's Brazilian group. News of the transaction sent Parmalat stock soaring...
...million from U.S. investors to acquire a stake in Parmalat's Brazilian group. News of the transaction sent Parmalat stock soaring 17% in a single day, as investors were cheered by the idea that Americans were buying into the company. The transaction is now a central element of Bondi's case against the bank; he says it made a loan look like an equity infusion, a charge the bank denies. The refinancing was even more controversial: Sala admitted to skimming off a "commission" via the offshore company he'd set up to handle it. Bank of America says it didn...