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Cambridge Analytica files for voluntary bankruptcy

ANI  |  London, [United Kingdom] 

London-based embattled analytics company has filed for bankruptcy in the Southern District of

The filings note an estimated number of creditors between 1-49, estimated assets of USD 100,001 - USD 500,000 and estimated liabilities of USD 1,000,001 - USD 10 million, reported.

illegally accessed data from millions of accounts, whistleblower had disclosed earlier.

confirmed the charge in April and informed that the data of a total of 87 million users was used without authorisation by the data firm.

Known for its connection with US Donald Trump's 2016 Presidential campaign, was recently alleged to have influenced the 2014 in as well.

According to several media reports, Cambridge Analytica, said in its May 2 statement that it has "been the subject of numerous unfounded accusations" and that it has been vilified for activities that are not only legal, "but also widely accepted as a standard component of "

The company blamed a "siege of media coverage" for driving away customers and forcing its closure.

This week, Times reported that the and the FBI are investigating the British political consulting firm.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 18:23 IST
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