This is a Bonza news story, published by ABC, that relates primarily to Four Corners news.
For more Bonza news, you can click here:
more Bonza newsFor more Four Corners news, you can click here:
more Four Corners newsFor more other sports news, you can click here:
more other sports newsFor more news from ABC, you can click here:
more news from ABCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best sport news, business news, entertainment news, and much more. If you like other sports news, you might also like this article about
Australian airline Bonza. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest price airline Bonza news, budget airline Bonza news, other sports news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
money launderingABC
•75% Informative
US authorities investigating whether budget airline Bonza 's investors broke money laundering laws.
US authorities are examining if money spent by 777 was supposed to be invested elsewhere.
Bonza was reliant on private investment firm 777 Partners for funding.
The airline went into voluntary administration in April and liquidation in July .
It is also facing multiple lawsuits, including one alleging more than $500 million in fraud.
Four Corners has been told there were no formal agreements in place specifying how many aircraft the airline would receive.
Liquidation firm Hall Chadwick has written that Bonza did not appear to have any documented agreements with 777 relating to its loan funding, which was "sporadic and delayed" The repossession of Bonza 's aircraft was not without warning.
ASIC is examining whether Bonza was trading while insolvent.
VR Score
79
Informative language
80
Neutral language
42
Article tone
informal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links