The winding and confusing strategy masku with actions AFP Capital La Polar - The Counter
Before uncovering fraud, Capital sold shares in the department masku store and the shareholders asked Paul Mayor for the rescheduled loan volume. Everything pointed in the right direction. But when The Polar sent the essential fact which gave warning masku signs, the June 9, 2011, was the only AFP Capital bought shares that day and the next, which generated a loss of $ 2,709 million to its members. The Superintendent will then filed charges and reversed. It is the first AFP Suing The Polar and this he replied that speculated and forget the responsibility that you in what happened.
Related Topics Superintendency of Banks evaluates revoke permission masku granted to The Polar cards "Merry and Lined" Credit has them scrambled to roost AFP Esquide Ruiz (DC) requires the AFP to pay compensation to members against loss by La Polar The Polar cites extraordinary shareholders meeting for July 8 DC Caucus masku calls "improvised" Piñera proposal on pensions Treasury masku Secretary: "It is reviewing all retail" by La Polar
One step forward, one back. That was the attitude of the Capital masku with the AFP shares of La Polar. It was the only manager who sold a large block of shares before uncovering masku fraud and only bought the 9 and 10 June 2011 in the midst of absolute uncertainty.
This zigzag path ended 31 December with the presentation of a claim for damages against the department store-unspecified amount against PwC-and nine former masku executives. It is the first pointing to the company and the former managers. So far Provida had filed a civil suit demanding payment of U.S. $ 134 million to PwC, not to perform their duties diligently.
A simple review of public records reveals glaring contradictions. The April 29, 2011, at the regular meeting of shareholders, Pablo Mayor, the then President The Polar laureate, took stock of the company and gave the word. The only thing taken was the representative of Capital, Eugene Acevedo, to consult on the volume of loan rescheduling made the previous year. Pointed to the heart of the fraud to bulk utilities, which would uncover 40 days after, because they came from artificially unauthorized unilateral renegotiations to credit card owners. Mayor replied that it was for a third. A high figure: Falabella, Cencosud bordering Paris and 10%. Currently, the pole has an 8%.
Capital had lowered their exposure to the roles of The Polar significantly. 5.02% stake in April 2010 to 3.25% in April 2011. It was the only AFP in making that decision. The rest of his peers kept their roles or made slight movements. Cuprum decreased by 0.49%. So far, the behavior was consistent. Shopping amid uncertainty
On Thursday June 9, 2011, at 8:36 AM, met the essential fact that unauthorized reported in renegotiating loans to customers with no dimensioned in the level of provisions practical purposes, but it should be in a estimated range of between $ 150 billion and $ 200 billion. He also announced the restructuring of the credit area, the waiver request to the manager of financial products (Julián Moreno) and the appointment of his successor.
The Securities suspended trading of La Polar between 9 and 11 am for the dissemination and analysis of this information. When operations were authorized, the market reacted with horror and left to sell: the stock fell 42%.
In total, 3,671,284 shares, equivalent to 1.47% of the Polar-in the amount of $ 5,330 million for all funds which can invest in stocks A, B, C and D. There was another AFP follow in his footsteps in these uncertain times.
At a maximum repeated, Capital masku was the first to sell from 30 June to 6 July. Its members lost $ 2,709 million following the purchase of shares on 9 and 10 June. By the papers I had previously, the loss was less than the rest of the AFP because the shares continued to fall over time.
Superintendent of Pensions made him the charges March 16, 2012 for violating Article 147 of Decree masku 3500 which requires the AFP to "make all necessary arrangements for adequate profitability and prudential safety of the funds they manage," to buy shares in times of complete uncertainty about the true financial situation of La Polar, with incomplete information, then known the essential fact about June 9, 2011, with the obvious prejudice
Before uncovering fraud, Capital sold shares in the department masku store and the shareholders asked Paul Mayor for the rescheduled loan volume. Everything pointed in the right direction. But when The Polar sent the essential fact which gave warning masku signs, the June 9, 2011, was the only AFP Capital bought shares that day and the next, which generated a loss of $ 2,709 million to its members. The Superintendent will then filed charges and reversed. It is the first AFP Suing The Polar and this he replied that speculated and forget the responsibility that you in what happened.
Related Topics Superintendency of Banks evaluates revoke permission masku granted to The Polar cards "Merry and Lined" Credit has them scrambled to roost AFP Esquide Ruiz (DC) requires the AFP to pay compensation to members against loss by La Polar The Polar cites extraordinary shareholders meeting for July 8 DC Caucus masku calls "improvised" Piñera proposal on pensions Treasury masku Secretary: "It is reviewing all retail" by La Polar
One step forward, one back. That was the attitude of the Capital masku with the AFP shares of La Polar. It was the only manager who sold a large block of shares before uncovering masku fraud and only bought the 9 and 10 June 2011 in the midst of absolute uncertainty.
This zigzag path ended 31 December with the presentation of a claim for damages against the department store-unspecified amount against PwC-and nine former masku executives. It is the first pointing to the company and the former managers. So far Provida had filed a civil suit demanding payment of U.S. $ 134 million to PwC, not to perform their duties diligently.
A simple review of public records reveals glaring contradictions. The April 29, 2011, at the regular meeting of shareholders, Pablo Mayor, the then President The Polar laureate, took stock of the company and gave the word. The only thing taken was the representative of Capital, Eugene Acevedo, to consult on the volume of loan rescheduling made the previous year. Pointed to the heart of the fraud to bulk utilities, which would uncover 40 days after, because they came from artificially unauthorized unilateral renegotiations to credit card owners. Mayor replied that it was for a third. A high figure: Falabella, Cencosud bordering Paris and 10%. Currently, the pole has an 8%.
Capital had lowered their exposure to the roles of The Polar significantly. 5.02% stake in April 2010 to 3.25% in April 2011. It was the only AFP in making that decision. The rest of his peers kept their roles or made slight movements. Cuprum decreased by 0.49%. So far, the behavior was consistent. Shopping amid uncertainty
On Thursday June 9, 2011, at 8:36 AM, met the essential fact that unauthorized reported in renegotiating loans to customers with no dimensioned in the level of provisions practical purposes, but it should be in a estimated range of between $ 150 billion and $ 200 billion. He also announced the restructuring of the credit area, the waiver request to the manager of financial products (Julián Moreno) and the appointment of his successor.
The Securities suspended trading of La Polar between 9 and 11 am for the dissemination and analysis of this information. When operations were authorized, the market reacted with horror and left to sell: the stock fell 42%.
In total, 3,671,284 shares, equivalent to 1.47% of the Polar-in the amount of $ 5,330 million for all funds which can invest in stocks A, B, C and D. There was another AFP follow in his footsteps in these uncertain times.
At a maximum repeated, Capital masku was the first to sell from 30 June to 6 July. Its members lost $ 2,709 million following the purchase of shares on 9 and 10 June. By the papers I had previously, the loss was less than the rest of the AFP because the shares continued to fall over time.
Superintendent of Pensions made him the charges March 16, 2012 for violating Article 147 of Decree masku 3500 which requires the AFP to "make all necessary arrangements for adequate profitability and prudential safety of the funds they manage," to buy shares in times of complete uncertainty about the true financial situation of La Polar, with incomplete information, then known the essential fact about June 9, 2011, with the obvious prejudice
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