SINGAPORE Jan 11 – MF Global Singapore has applied to the city-state’s high court for permission to return US$350 million (RM1.10 billion) to clients of the collapsed brokerage next month, the provisional liquidators said today.
So far the liquidators, KPMG, have collected a total of US$405 million in client money, around 86 per cent of the total, but they said they intend to retain the balance as a reserve pending full collection of customer money and receipt of outstanding trade information. Full story
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MF Global Singapore plans to return initial $350 mn in client money - The Economic Times
