Monthly Archives: June 2009

New charges with fraud against Madoff-linked companies

On June 22, the U.S. Securities and Exchange Commission filed securities fraud charges against a prominent California investment adviser, who allegedly oversaw three funds that invested all of their assets (nearly $1 billion) with Madoff, and a NY brokerage firm … Continue reading

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Telenor’s stake in VimpelCom put up for sale

The Russian Bailiff Service prepared documents to auction off a 26.6% stake in Russian mobile operator VimpelCom, which is the subject of a long dispute between its shareholders – Norway’s telecommunications company Telenor and British Virgin Islands-based Farimex. The Norwegian … Continue reading

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Continuing losses of BVI-based logistics company

BVI-registered freight-logistics company UTi Worldwide reported its financial results for the first quarter of the year 2009, which appeared to be even worse that it had been expected by Wall Street. After announcing the results, the stock of the company … Continue reading

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BVI-registered Eastern Property Holdings sentenced to a fine by SWX Regulation

Eastern Property Holdings Limited, a BVI-registered company engaged in real estate development and listed in the Real Estate Companies segment of Swiss Exchange, has to pay a fine of CHF 30,000, pronounced by the sanction commission of the SIX Swiss … Continue reading

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