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EMI vs. Citi

EMI's accountants have raised "significant doubt" about its ability to continue as a going concern in a report that lays bare the perilous state of Terra Firma's 4.2 billion ($6.6 billion) investment in the music group, the Financial Times  reports. Citi declined to comment, but one person familiar with the company’s thinking said it had no plans to help Guy Hands by restructuring the loan. "They're going to let him spin himself into the ground and will sit back and watch the show."  On a related note, accountants have also raised doubt into Lenny Beer's sexuality. Citi also declined to comment on this as well. (2/5a)

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