Back in 2009....Ingenious Haus has an Ingenious idea for a fund with V Telecoms..

12th of December 2009, Kiat Wai Du aka William Du is center stage at the launch of his Ingenious Growth Fund. The fund is invested in the telecommunications sector and the body of the fund is none other than V Telecoms Berhad...the stage is set and the deal is done....

See the chap circled in yellow in the pictures above, that's none other than Mr Zulizman Zainal Abidin, remember he is the Malaysian business man from the Financial Times article.

 "Aries is owned by a holding company controlled by Zulizman Zainal Abidin, a Malaysian businessman."

and here's a snippet again from the Aries Telecoms PLC Schedule 1 from the LSE,

"Vertu Capital Limited is a company wholly owned by Open Fibre Sdn Berhad ("Open Fibre") (91 per cent. interest) and Paneagle Holdings Berhad ("Paneagle") (9 per cent. interest) which are controlled by Zulizman Zainal Abidin. Open Fibre has issued convertible preference shares to a number of individuals and institutions which are clients of a regulated financial services firm in Malaysia (the "Preference Shares"). In the event that all of the Preference Shares are converted after admission, it would result in Zulizman Zainal Abidin holding a beneficial interest in Aries of TBC per cent., assuming no further issues of equity in either of Aries, Open Fibre or Paneagle following admission."

So, 6 months after the launch of the Ingenious Growth Fund and William Du joins V Telecoms as a non-executive director and according to his LinkedIn bio he's still a director......I wonder if William knows its been changed to Aries Telecoms ?

A proud day....the Vasseti IPO in Frankfurt....on the left William Du pictured with Tan Sri Syed Mohd Yusof bin Tun Syed Nasir the Malaysian Billionaire, remember he bought a whopping 30% stake in Vasseti Zavarco, no wonder Mr Du is smiling...........

Fast forward to the 20th of April 2012 and William Du holds a presentation on "Private Equity Demystified" his presentation shows his current Funds under his management during 2012.

We are hoping to reach out to Mr Du and the questions are simple....
 
Mr Du,

What became of your Ingenious Growth Fund with V Telecoms ?

Did you and your investors get completely defrauded like the rest of us shareholders ?