ABN Amro Capital USA LLC has been granted authority to issue subpoenas to the U.S. and Ecuadorian units of cocoa trading house Transmar Group Ltd, a court filing showed on Tuesday, as the bank searches for more than $300 million in assets, Reuters reported. The bank has widened its search on behalf of the company's lenders for assets that they say disappeared from Transmar Commodity Group Ltd before it filed for bankruptcy on Dec. 31, 2016, a court document showed. The lenders say the assets could have helped cover Transmar's debt. Transmar Commodity Group is a U.S. unit of Transmar Group, which is based in Morristown, N.J. ABN Amro Capital USA LLC, a unit of ABN Amro Group NV and agent for lenders to Transmar Commodity Group, was authorized to issue subpoenas to several companies, including Transmar Commodity Group, Transmar Holdings LLC, Transmar Ecuador S.A. and several directors, for documents and examination of witnesses, the court filing showed.
