Property tycoon sits on US$9bil debt mountain


Before long, Barclays Plc, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase & Co, Morgan Stanley and UBS Group AG were all looking into Adler, one of Germany’s biggest home landlords, according to emails seen by Bloomberg News.

THE email lit up inboxes at six of the world’s biggest banks.

A wealthy businessman by the name of Cevdet Caner, the anonymous sender wrote, seemed to be headed for trouble.

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Adler , Barclays , Cevdet Caner , JP Morgan , debt , property tycoon ,

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