About this document

Blamar Gonzales and Cintas Largas Case by Mariel D. Portillo is a document available to read on EtoBox.

The document describes a business arrangement between Cintas Largas Ltd. (CLL), a Hong Kong-based company, and BPI International Finance. CLL imported molasses from the Philippines, principally from Mar Tierra Corporation, and resold it internationally. BPI International Finance provided CLL with a $3 million letter of credit facility. The facility was later increased to $5 million. CLL maintained deposit and money market accounts with BPI International Finance. Issues later arose regarding the balances and

Author

Mariel D. Portillo

Language

EN