SMBC sues Humm for $34M in worthless receivables linked to Forum Finance

Competition & Consumer Protection 2022-07-21 9:50 pm By Cindy Cameronne | Sydney

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Japanese bank SMBC has brought a $33.6M lawsuit against fintech Humm Group after its subsidiary Flexirent allegedly misled the bank about receivables under allegedly forged contracts between a Forum Group entity and Veolia Environmental Services.

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