A loan of $765m agreed by the US International Development Finance Corporation to allow Kodak to establish a domestic pharmaceuticals unit has been put on hold until allegations of wrongdoing are resolved, amid reports of a US Securities and Exchange Commission investigation over the deal and rumors about insider trading.
Kodak Deal On Hold Until Allegations Cleared
DFC Loan Of $765m Was Expected To Establish Pharmaceuticals Unit
A major $765m loan agreed by the US International Development Finance Corporation to allow Kodak to establish a pharmaceuticals unit has been put on hold until allegations of wrongdoing are resolved, as rumors swirl about insider trading.
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