Brief: Geneva Finance Updates On Reserve Bank Investigation Into Co's Unit
27/09/2023 24:41
Sept 27 (Reuters) - Geneva Finance Ltd GFL.NZ :
* RESERVE BANK INVESTIGATION INTO GENEVA SUBSIDIARY
* ADVISES THAT SUBSIDIARY QUEST INSURANCE GROUP LIMITED HAS
RECEIVED NOTIFICATION FROM RESERVE BANK' ENFORCEMENT TEAM
* NOTIFICATION SAYING THAT A FORMAL INVESTIGATION IN
RELATION TO
CERTAIN MATTERS INVOLVING QUEST HAS COMMENCED
* QUEST MAINTAINS THAT AT ALL TIMES IT HAD ADEQUATE CASH AND
OVERALL SOLVENCY TO MEET ALL IMMEDIATE AND FUTURE OBLIGATIONS
* QUEST SELF-REPORTED TO RESERVE BANK APPARENT BREACHES OF
LEGISLATION
Further company coverage: GFL.NZ
((Reuters.Briefs@thomsonreuters.com;))
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