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Closed garment firms’ execs detained

At least three officers of defunct garment factories Sako Corp. and Mariana Fashions were taken into custody last week, as the government investigates an alleged attempt to transfer company funds and equipment out of the CNMI and evade the payment of taxes.
Posted On Mar 15 2005 05:07
, By

Part-time Legislature defeated

The part-time Legislature initiative failed to pass the House of Representatives after failing to garner the necessary two-thirds majority vote in yesterday’s session.
Posted On Mar 15 2005 05:07
, By

Bad business climate forces farmer to let go of employees

Vicente M. Aldan, a businessman who owns three farms in San Vicente, Kagman and As Gonnos has 17 nonresident workers. Due, however, to the recent economic slump, he wants to reduce his workforce.
Posted On Mar 15 2005 04:33
, By

CDA sues two over unpaid loan

The Commonwealth Development Authority has filed a lawsuit against two Tinian residents, seeking to foreclose mortgages involving land and chattel.
Posted On Mar 15 2005 04:33
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//March 15, 2005

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