Cocoa firm Transmar Group's woes mount as ABN Amro, others sue for fraud
January 11, 2018 at 15:00 PM EST
By Chris Prentice NEW YORK, Jan 11 (Reuters) - Eight banks including a unit of ABN Amro, Société Générale and BNP Paribas have sued executives of New Jersey-based Transmar Group for defrauding them of $360 million in credit lines, just a year after a unit of the firm filed for bankruptcy. The group of banks, which include some of the world's top commodities lenders, claim the eight executives including founder and Chief Executive Peter G. Johnson knowingly overstated the value of as