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The two have racked up colossal losses.
Liu's corrupt tenure had "inflicted colossal losses in the public assets, violating rights and interests of the state and the people," the Xinhua news agency reported.
TOKYO — In June 1998, a disturbing rumor tore through trading floors in Tokyo: Olympus had suffered colossal losses on derivatives trading, punching a large hole in its balance sheet.
The defence also intends to put the spotlight on the events of last January, arguing that SocGen and not Jerome Kerviel was responsible for the bank's colossal losses by liquidating his transactions amid turmoil on the world's markets.
The defence also intends to put the spotlight on the events of last January, arguing that SocGen, not Kerviel, was responsible for the bank's colossal losses, by liquidating his transactions amid turmoil on the world's markets.
SIMMERING anger over bankers' pay was fuelled afresh on May 9th when a British court ruled that Commerzbank, a serially bailed-out German bank, had to pay bonuses promised to some of its investment bankers in London even though it subsequently posted colossal losses and collapsed into the arms of the state.
Similar(49)
And the country paid, dearly, including a colossal loss in respect for the rule of law.
"There's been a colossal loss of confidence in the company," said Windsor.
"But on the other hand, this is a colossal loss to Russian soft power.
He will fear that it would involve such a colossal loss of face that his authority would be irretrievably corroded.
The younger Bush's invasion of Iraq in 2003 caused colossal loss of life and inflicted grave damage on America's standing in the region.
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CEO of Professional Science Editing for Scientists @ prosciediting.com