Brink’s: Diamond Activities Not Affected by Bankruptcy
February 03, 11
(IDEX Online News) - Secured transport firm Brink’s said today that its diamond and international activities are not affected by the bankruptcy filing of Brink’s Belgium, filed for bankruptcy in the Brussels court of commerce in November 2010.
The company emphasized that Brink’s Belgium is a totally separate entity from Brink’s Global Services (BGS), the business unit specialized in international transport of diamonds and foreign currencies and owned by Brink’s Diamonds and Jewelry Services (BDJS). “BGS is thus absolutely not affected by the fact that Brink’s Belgium has filed for bankruptcy.”
The bankruptcy led to a certain commotion late last year when the Brussels Commercial Court suspended Brink's Diamonds and Jewellery Services' license for cash-in-transit at Brussels’ Zaventem airport, blocking the shipment of diamonds worth $200 million.
The background to the court's decision was the bankruptcy and a dispute in which the goods were "a pawn" according to sources familiar to the situation.
Brink’s stressed in a press release today (Thursday) that “BGS is a business run by professional people, being successful over many years in the international services for diamonds and secured logistics for valuables. BGS is not involved in the conflict reigning the national transport activities at Brink’s Belgium. The business of BGS is operating normally.”