Legal

China Fishery liquidators could receive $12 million settlement over $150 million claims

Liquidators in the ongoing bankruptcy proceedings of Pacific Andes companies allege the founding Ng family conducted a wide-scale, multi-year fraud scheme that funneled potentially billions of dollars back to the company.

CFG Peru operations remain one of the most valuable assets in terms of selling CFGI, according to the company's trustee.
CFG Peru operations remain one of the most valuable assets in terms of selling CFGI, according to the company's trustee.Foto: CFG
Published 22 February 2021, 21:17Updated 22 February 2021, 21:17
China Fishery GroupBankruptciesPeruPacific AndesChina