Monthly Archives: November 2011

Albidon Limited due to financial problems suspends operations in Zambia

Albidon Limited, a BVI-incorporated company, which is 50 percent owned by Chinese Jinchuan Group, listed on Australian Stock Exchange and engaged in nickel exploration and development, made an announcement that it has temporarily suspended operations at its Munali nickel mine … Continue reading

Posted in BVI Companies, BVI Company financial problems | Leave a comment

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

Posted in BVI Investment Funds, Frauds, Investigation, Liquidation, Management Fraud, Offshore investment schemes, Unethical business practice | Leave a comment