Tag: AMCON
AMCON Commences Bankruptcy Proceedings Against Milan Industries Chairman and Directors Over N42 Billion Debt
The Asset Management Corporation of Nigeria (AMCON) has initiated bankruptcy proceedings against Rajesh Valecha, the Chairman of Milan Industries Limited, and four other directors of the company, citing an alleged failure to repay a staggering N42 billion debt. Alongside Rajesh Valecha, the other directors mentioned in the ongoing petitions held before two judges of the…