This is an attempt to secure a bond. To secure that bond he needs to put up collateral. His lawyers said banks are asking for collateral around $550 million or something, higher than the value of the bond. I can’t recall off the top of my head the actual value.
His lawyers said he is unable to provide that collateral.
Which means that his assets can’t cover the bond. Unless I’m misunderstanding something.
This is an attempt to secure a bond. To secure that bond he needs to put up collateral. His lawyers said banks are asking for collateral around $550 million or something, higher than the value of the bond. I can’t recall off the top of my head the actual value.
His lawyers said he is unable to provide that collateral.
Which means that his assets can’t cover the bond. Unless I’m misunderstanding something.
I thought he needed cash to get bail, thanks for the info.