Mathe fears arrest as ‘bankrupt’ New Era files fraud, theft charges

New Era Publications Corporation this week filed charges of fraud and theft against its former CEO Audrin Mathe, following a dispute over the ownership of an expensive company car, but the recovery of the top-of-the-line Range Rover SUV is not New Era’s greatest challenge as it staggers under the massive debt burden the former CEO left behind.

Financial crisis

Looming insolvency

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