Category Archives: Unethical business practice

Unethical business practice information.

Additional lawsuit filed against Fuqi International, Inc.

Fuqi International, Inc., a Chinese designer of precious metal jewelry, selling a wide range of products in the Chinese luxury goods market, and having a British Virgin Islands-registered subsidiary Fuqi International Holdings Co., Ltd., has been filed additional lawsuit. Murray, … Continue reading

Posted in BVI Companies, Investigation, Unethical business practice | Leave a comment

BVI company’s operation of toll road in Tajikistan is said to be illegal

The head of Tajikistan’s Antimonopoly Committee announced that the Innovative Road Solutions (IRS), incorporated in the British Virgin Islands, has no more right to operate the toll road on the 350-kilometer-long Dushanbe-Chanak highway. According to Amonulloh Ashur, the BVI company … Continue reading

Posted in Corruption Scandals, Illegal actions, Unethical business practice | Leave a comment

Gulfside Minerals questions BVI company’s right on ECM shares

Gulfside Minerals Ltd. has filed a writ in the District Court of Ulaanbaatar, Mongolia, to cancel the transfer of shares of  ECM LLC, the company holding the Erdenetsogt exploration License, to the British Virgin Islands company Mangreat Group Ltd. In … Continue reading

Posted in Litigation, Unethical business practice | Leave a comment

Investors of Fuqi International, Inc. announced Class Action Lawsuit against the company

Law Offices of Howard G. Smith, representing investors of Fuqi International, Inc., which is parent company of British Virgin Islands-registered Fuqi International Holdings Co., Ltd., has filed a class action lawsuit in the Court for the Southern District of New … Continue reading

Posted in BVI Companies, Unethical business practice | Leave a comment

The owner of BVI-registered Allbury Ltd. claims E-Clear owes him £25m

The credit card processing firm E-Clear, whose chief executive Elias Elia was named as the person controlling BVI-registered company Allbury Ltd., collapsed a month after the collapse of Flyglobespan, after it was pursued through the courts by PricewaterhouseCoopers administrators. Mr. … Continue reading

Posted in BVI Companies, Frauds, Investigation, Unethical business practice | Leave a comment

Compromise deal between BVI company and Philippines state-owned firm denied by Supreme Court

The Supreme Court of Philippines in its resolution denied the P6.2-billion compromise agreement between government-owned Philippine National Construction Corporation (PNCC) and Radstock Securities, Ltd., a British Virgin Islands-registered firm with HK office address. Under the agreement, PNCC agreed to assign … Continue reading

Posted in BVI Companies, Court decisions, Litigation, Unethical business practice | Leave a comment

Kaupthing bank sued by BVI- and Guernsey-based companies linked to property magnates

Companies linked to the property magnates Robert and Vincent Tchenguiz have filed creditors’ claims  against the Icelandic bank Kaupthing.  The entrepreneurs lost a substantial part of their wealth when the bank suddenly collapsed in October 2008. In summer 2008 Robert … Continue reading

Posted in Litigation, Unethical business practice | Leave a comment

BVI company’s offer separated the board of Midwinter Resources

Shareholders of the Australian-based exploration company Midwinter Resources have called a meeting which will take place next month and during which former company’s chairman Jonathan O’Callaghan – now the non-executive director – will be probably ousted from the board. This … Continue reading

Posted in BVI Companies, Takeovers, Unethical business practice | Leave a comment

FGXI transaction investigated over breach of fiduciary duty

FGX International Holdings Limited, located on the British Virgin Islands, is subject to investigation which was commenced in connection with potential breaches of fiduciary duty and other violations of state law by the Board of Directors of the company. The … Continue reading

Posted in BVI Companies, Illegal actions, Investigation, Unethical business practice | Leave a comment

BVI company accused of selling health insurance without license

The Florida Office of Insurance Regulation issued a cease and desist order to American Assurance Underwriters Group and its affiliates, Worldwide Expatriate Administrators LLC and Worldwide Expatriate Advisors LLC, which are selling health insurance in Florida. The State insurance regulators … Continue reading

Posted in BVI Companies, BVI licenced business, Unethical business practice | Leave a comment