Monthly Archives: May 2010

Cukurova won case against Alfa Group in BVI Court

Turkish telecoms-to-construction group Cukurova Holding, which controls Turkcell, last week won a case in the court of the British Virgin Islands against Russia’s Alpha Group that sought to seize 14 percent of the shares of Turkcell, which was put by … Continue reading

Posted in BVI Courts, Litigation | Leave a comment

ARP Growth’s administrators cannot value the fund

The investors in the ARP Growth fund formally received a nil valuation of their investments, and now the losses from the fund’s manager Trio Capital Limited are to exceed US$180mln. The administrators of Trio Capital Limited, the accounting group PPB, … Continue reading

Posted in BVI Companies, BVI Investment Funds, Investigation, Liquidation, Offshore investment schemes | Leave a comment

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

Deals with UK’s Portsmouth club investigated by the Premier League

It became known that the Premier League has used corporate investigators to unravel the ownership and control structure of the Portsmouth City Football club. In particular, the League tried to reveal the inside of the transactions in the course of … Continue reading

Posted in Frauds, Investigation, Takeovers, Tax avoidance | Leave a comment