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9 months ago

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Fintech Vesttoo to slash jobs after fake collateral scandal

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Fintech Vesttoo to slash jobs after fake collateral scandal

Financial services company Vesttoo said on Tuesday it was laying off about 75% of its staff and closing some offices in Asia, as it tries to recover from a scandal over a fraudulent letter of credit used as collateral in a transaction with an insurer.

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Fintech Vesttoo to slash jobs after fake collateral scandal

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Fintech Vesttoo to slash jobs after fake collateral scandal

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