Choppy waters for Langbar
When corporate recovery veteran David Buchler was called in to sort out the mess at suspended cash shell Langbar International, investors hailed his appointment as the first step in unpacking exactly how a £365m deposit that was sitting in a Brazilian bank account one day was gone the next.
Finding an appointment in Buchler’s diary, however, proved to be almost as difficult as locating the missing cash. Eventually investors did get to sit down with Mr Buchler, but only after he had shuffled and reshuffled his diary to accommodate a speaking engagement at a boat show on Friday last week.
Not only is Buchler good at keeping companies afloat, he is also the chairman of boat agency Ventura Maritime. TS wishes him all the best in navigating Langbar through some very stormy waters.