Category Archives: Investigation

BVI and Belize-based offshore firms investigated on IRBC case

БогородицаThe Irish Bank Resources Corporation (IRBC) – formerly Anglo Irish Bank – is seeking to seize European properties linked to unpaid loans advanced to companies registered in the British Virgin Islands and Belize. When considering fraud proceedings, injunctions against two … Continue reading

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Liquidators bring an action against BVI fund

The liquidators of Weavering Fund’s UK operation began a civil case in London’s High Court against Magnus Peterson, CEO of Weavering and manager of its Macro Fund. Along with other employees of the fund, he is alleged of the breach … Continue reading

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Madoff’s feeder funds’ liquidation procedure: important decision taken

The Joint Liquidators from KryS Global, a law firm working from four jurisdictions, including the British Virgin Islands, Cayman Islands, Bahamas and Bermuda, announced an important decision in the procedure of liquidation of the Fairfield Funds – Fairfield Sentry Ltd., … Continue reading

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A-Power’s shareholders asked to move for appointment as lead plaintiff in the lawsuit

All persons or entities who purchased the securities of the British Virgin Islands-registered company A-Power Energy Generation Systems, Ltd. between March 31, 2008 and June 27, 2011, have until August 31, 2011 to move the Court to serve as Lead … Continue reading

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Madoff Trustee to file new lawsuit against BVI-based feeder funds

The trustee Irving Picard, who is trying to recover money invested by victims of Madoff’s affair into his feeder funds, among which there were BVI-registered funds, was authorized by the U.S. Bankruptcy Judge to file a $975.5 million lawsuit against … Continue reading

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Investigation initiated on A-Power Energy Generation systems

The Rosen Law Firm, P.A. is investigating potential securities claims against A-Power Energy Generation Systems, Ltd., the British Virgin Islands-incorporated company, providing distributed power generation systems in China. The claims resulted from allegations that the BVI company issued materially misleading financial … Continue reading

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Litigation firm to start investigation on Fuqi International

Shareholder rights litigation firm Robbins Umeda LLP, which is interested in helping shareholders of Fuqi International, has started an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors of the company. … Continue reading

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Satyam scam: UK and Singapore give response to CBI’s rogatory letters

The Central Bureau of Investigation (CBI) (India) has received a response from UK and Singapore authorities to the Letter of Rogatory (LOR) which concerns the so-called Satyam scam with the company Satyam Computers. According to the CBI official, who decided … Continue reading

Posted in BVI Companies, BVI Courts, British Virgin Islands, Court decisions, Illegal actions, Investigation, Management Fraud, Offshore tax havens, Tax Shelters | Leave a comment

Indian-American businessman charged of concealing bank accounts in India and BVI

An American businessman of Indian origin, Vaibhav Dahake, has been charged by a federal grand jury of New Jersey of trying to conceal undeclared bank accounts in India and in the jurisdiction of the British Virgin Islands. According to the … Continue reading

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Claims against BVI-registered Tongxin International, Ltd. investigated by law firm

The law firm Finkelstein Thompson LLP has started investigation of claims of potential shareholders against the British Virgin Islands-incorporated Tongxin International, Ltd. Filed complaints of shareholders allege the BVI company of failure to accurately report its financial results to the … Continue reading

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