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Nosy Tarsee heard that a certain listed flour-milling patriarch’s boardroom is having a rather starchy week.
Seems a subpoena landed on the desk of a senior executive, Mr. Bread-and-Butter, care of a city prosecutor’s office south of the river, over a deed of sale involving a certain landmark building that shares its name with a certain American value.
Turns out Mr. Bread-and-Butter wasn’t alone in getting the summons. Also named were the company’s corporate secretary and a fellow signatory who wore two corporate hats when the deed got inked — one for the miller, one for the property arm.
Tarsee was told the complainant is kin to one of the men named, a family matter dressed up in Revised Penal Code language, if you catch the drift — something about falsification and untruthful narration in a public document.
Spicy stuff for a company more used to headlines about flour prices than fraud complaints.
The listed entity, ever the picture of corporate calm, has already told the Exchange it’s “respecting the legal process” and insists the sale was “duly authorized” — which in disclosure-speak usually means: lawyers are billing hours as we speak.
Someone in that boardroom is about to have a very uncomfortable family reunion.