Monthly Archives: September 2010

SFO widens probe into Weavering Fund

UK’s Serious Fraud Office has widened its long-lasting investigation into hedge fund Weavering Capital and British Virgin Islands-registered offshore company Weavering Capital Fund Limited. The very complex investigation, which commenced more than a year ago with the liquidation of Weavering … Continue reading

Posted in Frauds, Investigation, Liquidation | Leave a comment

SEC announced formal investigation to FUQI International

FUQI International, Inc., a NASDAQ-listed company conducting its business through British Virgin Islands-registered subsidiary FUQI International Holdings Co., Ltd., announced that it was recently notified by the Securities Exchange Commission of a formal, non-public investigation, and has received a subpoena … Continue reading

Posted in BVI Companies, Investigation | Leave a comment

DRC President nephew’s BVI companies to sell Congo oilfields

Some months after two oilfields in the Democratic Republic of Congo were sold to the British Virgin Islands-based companies, which are said to be owned by president’s nephew Khulubuse Zuma, it actually became known that he sold his disputed rights … Continue reading

Posted in BVI Companies, Illegal actions, Investigation, Litigation | 1 Comment