ShippingWatch

Thorco companies were most likely insolvent already in 2016

According a trustee two central companies in Thorco's shipping business ran out of money in 2016. He now wants to investigate whether the decision to keep them running led to additional losses for creditors.

Photo: PR/Thorco Projects

Two central companies in Thorco's shipping business likely ran out of money already in early 2016.

Still, the companies continued to operate for years before finally going bankrupt and triggering massive claims.

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