1 user Likes redskyatnight's post - rashi
09-03-2019, 01:04 PM
I have not seen the email.
I too might have been surprised by the wording as you have conveyed it.
You may indeed assume that BDO has access to bank records, this would be normal in any administration.
However, what goes on in any company immediately before problems become public can be worthy of forensic investigation. As we have seen elsewhere (on the MT and Lendy platforms for example), money can be diverted by borrowers to uses other than those that are proper or appropriate. I have no specific knowledge on cash handling within Collateral that I can convey at this time.
I too might have been surprised by the wording as you have conveyed it.
You may indeed assume that BDO has access to bank records, this would be normal in any administration.
However, what goes on in any company immediately before problems become public can be worthy of forensic investigation. As we have seen elsewhere (on the MT and Lendy platforms for example), money can be diverted by borrowers to uses other than those that are proper or appropriate. I have no specific knowledge on cash handling within Collateral that I can convey at this time.
PLEASE NOTE : My opinions are of a personal nature. I am not a professional financial advisor. My observations and views should not be taken as advice. I accept no responsibility or liability for the accuracy or completeness of any of the information in my posts.