High court finds conglomerate “directly culpable” for insolvency of Peoples Trading Centre after years of trading while insolvent Malawi’s high court has ordered Press Corporation Plc (PCL), one of the country’s largest conglomerates, to pay more than MK7bn (about £3m) to the creditors of Peoples Trading Centre (PTC), the retail chain it once wholly owned, […]
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Malawi court orders Press Corporation to pay millions to creditors of collapsed retailer PTC
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