Sygnus Credit Investment Limited, SCI, a subsidiary of the fast-evolving investment group Sygnus Capital, wrote off a near-US$4-million unsecured loan to an insolvent Cayman hotel company controlled by the former Jamaican politician and businessman Hugh Hart, contributing to the slashing of SCI’s profit for the year that ended in June, by 24 per cent, company officials said.
https://jamaica-gleaner.com/article/business/20220907/sygnus-profit-hit-cayman-us4m-write-forex-loss