First Brands Probing Billions of Off-Balance Sheet Financing
NegativeFinancial Markets

First Brands Group LLC is facing serious scrutiny as a newly formed board committee investigates its use of approximately $2.3 billion in off-balance sheet financing. This revelation has raised alarms among investors, especially as the company has recently declared bankruptcy. The investigation is crucial as it could uncover financial mismanagement and impact the company's future, highlighting the importance of transparency in corporate finance.
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