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Unreasonable Publicity of banah sugar banah Sugar
Submitted 2014-02-14 09:22:30 A sugar processing company that brought hype to Hialeah after it moved into a 300,000-square-foot space last July - promising to hire up to 300 workers - has filed for bankruptcy protection.The company's move to its new headquarters even prompted Miami-Dade County to rename a stretch of Southeast 10th Avenue "Banah Sweet Way" in honor of the company. Several local leaders, including county Mayor Carlos Gim?nez, attended the naming ceremony.

But late last week, the company, which is owned by a convicted drug trafficker and which had sought taxpayer benefits from a government program promoting investments, left behind a line of outraged creditors. The company had only 15 employees.Banah Sugar International Group Inc. reported that it owed between $1 million and $10 million to a list of 232 people and companies, according to public records.

The company's administrative director, Luis Estrada, told El Nuevo Herald on Monday that the company's owner Wholesale Jerseys , Alex P?rez, was meeting with company officials and added that he was not authorized to comment on the issue.The bankruptcy was filed under Chapter 11, which allows for an attempt to reorganize the company. It allows the company's management to continue day-to-day operations, but the bankruptcy court must make all the company's important decisions.

On Monday, several creditors criticized Banah's owner for failing to make payments.

"I feel frustrated and deceived," said Alexander A. P?rez, owner of Florida Patrol Investigators (FPI), a Hialeah company that provided security services to the company. "They sent me checks that bounced, and we sued them."FPI's owner said that the company owes him close to $70,000 for security services at Banah his company at 215 SE 10t.