Despite denials, KPMG continues to tell bankers to freeze Gen7 Fuel accounts
TORONTO, March 22, 2024 /CNW/ - The Gen7 Fuel bank account at BMO's North Bay branch has been frozen after KMPG's lawyers at Bennett Jones LLP presented a letter demanding the action.
- TORONTO, March 22, 2024 /CNW/ - The Gen7 Fuel bank account at BMO's North Bay branch has been frozen after KMPG's lawyers at Bennett Jones LLP presented a letter demanding the action.
- Gen7 Fuel is not part of these CCAA proceedings and we have not had the alleged discussions with Gen7's banking partners."
- Gen7 relies on the bank account to pay for the fuel it provides to its stations.
- By combining their resources, they are able to purchase quality fuel at reasonable prices and compete with large oil brands.