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Business and Money Anger over cash transfer crash

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Last Modified: 19 Jul 2007
By: Cathy Newman

Bangladeshi customers of the collapsed First Solutions money transfer firm want to know why they are £1.5m out of pocket.

They are some of the poorest people in the country - and now they have lost their life savings.

When the east London-based money transfer company First Solutions went bust last week, it left its mostly Bangladeshi customers more than £1.5 million out of pocket.

Now the government is preparing to unveil a rescue package - and tighter regulations for the cash transfer market.

But the thousands of victims of the First Solution collapse are demanding to know why they are the ones who have lost everything.

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credit: Reuters

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