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Mosiac, the struggling company that owns womenswear brands Noni B, Katies, Autograph and more, said on Friday it needed to resolve a number of matters prior to the finalisation of its results and anticipated lodging them by the end of September. The arrest order, signed by the Senate president on Friday and to be carried out by the Senate’s sergeant-at-arms, came after the mayor, Alice Guo, failed to appear for a second consecutive hearing on Wednesday, citing stress.
BY THE NUMBERS (Key data points) In late March, Casino completed its financial restructuring and a new leadership team was appointed by a consortium led by Czech billionaire Daniel Kretinsky, ending the 30-year reign of the company’s owner, Jean-Charles Naouri. (Reporting by Farah Master; editing by Miral Fahmy) Should he be chosen, casino executives said they will be watching to see who Sam appoints to his government, and particularly who will take over as the finance secretary who oversees the casino industry.
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The Senate investigation began in May after authorities raided a casino in Guo’s sleepy farming town of Bamban in March, uncovering what the authorities said were scams being perpetrated from a facility built on land partially owned by the mayor.
