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Dutch bank to subpoena cocoa group in search of “disappearing” US$300m

By Tom Rhys Davies

16 February 2017

Dutch bank to subpoena cocoa group in search of “disappearing” US$300m iStockphoto.com/Sargeeva

A New York bankruptcy court has allowed a Dutch bank to hit various US and overseas arms of global cocoa seller Transmar Commodity Group with subpoenas, as it tries to track down US$300 million in assets it claims “disappeared” at the end of 2016.