UPDATE 8th August - No further news and we continue to watch all the courts.
UPDATE 16th June - ADDED THE UK COMPANIES COURT SEARCH. SEE BELOW.
In the UK -
Peter Blomqvist, a Zavarco PLC shareholder, has been trying to call a General Meeting to remove the current board of directors at Zavarco PLC. Below I have set out the public notices for the General Meetings and all their corresponding links.UPDATE 16th June - ADDED THE UK COMPANIES COURT SEARCH. SEE BELOW.
In the UK -
Gazette notice 2319060 General Meeting Zavarco PLC Postponed 15th April 2015.
Gazette notice 2345789 Zavarco PLC General Meeting Postponed 19th May 2015.
Zavarco PLC Annual General Meeting Postponed 30th June 2015.
Gazette notice 2376931 Zavarco PLC General Meeting Postponed 31st July 2015.
Gazette notice 2622170 Zavarco PLC General Meeting Postponed 7th Oct 2016.
New Link to Law Pages.com - click here
What to do - Type "ZAVARCO" in the case name box.
LEAVE the court list box as "all high court lists"
Click Search
It will show the complete history of Zavarco cases gone through the UK Courts to date.
UK Judgements -
Peter Blomqvist had just over 5% of the company (Zavarco PLC). This gave him the right to call a General Meeting, but during March 2015 the current directors at Zavarco PLC issued a further 7 billion shares, which had the effect of dilution on all the shareholders. Therefore Peter Blomqvist and his shareholding were diluted below 5%. This was assumed to be a deliberate action so that he could not call a General Meeting to replace the current board of directors.
Peter Blomqvist took the fight to the UK courts to try and remedy this. Here are the Judgements with their corresponding links.
Note - They are all worth reading they give some of the backstory.
Blomqvist v Zavarco PLC & Others 2nd of July 2015 Case No.2692.
Blomqvist v Zavarco PLC & Others 17th of May 2016 Case No 2692 & 2693
You will note from the following blog post the fight continues to hold a General Meeting -
Nov 21st, 2016 Blomqvist v Zavarco PLC Case No 2692
UK Police -
We have been informed that another Zavarco PLC shareholder from the UK has spoken with and taken advice from the City of London Police regarding the fraud, but we are told that the shareholder is waiting for the litigation to conclude before continuing matters formally with the Police.
Germany -
Zavarco PLC (fka Vasseti UK PLC) was floated on the Frankfurt Stock Exchange and was delisted during May 2015.
Several complaints have been filed with the stock market regulators BaFin for fraud and we are told that an investigation is ongoing.
As far as we know the German Police are not involved.... yet. However, I guess it's just a matter of time as the story unfolds, and the evidence builds in the UK courts then I dare say it will be turned over to the German authorities so that they can review it and bring prosecutions against the Zavarco Board of Directors for their part in this fraud against the Frankfurt Stock Exchange.
Malaysia -
In the High Court of Malaysia at Kuala Lumpur Judgements
May 2015 - Ranjeet Singh Sidhu v Open Fibre Sdn Bhd, Zulizman Abidin, Roslina Binti Ibrahim, Shailen Popatlal, Ku Hasniza Hashim. Case No- 28NCC-379-05/2015.
Ranjeet Singh Sidhu (Past group director and who was a majority shareholder but no longer) raises a legal action in Malaysia to try and wind up Open Fibre Sdn Bhd. Open Fibre is at the heart of the fraud.
June 2015 - Ranjeet Singh Sidhu, Tan Sri Syed Mohd Yusof Bin Tun Sted Nasir v Zavarco PLC & many others. Case No- 22NCC-179-06/2015.
RSS and Tan Sri Syed Nasir both file a lawsuit against literally all the people alleged to be involved in the fraud. It is important to note that this lawsuit carries a notice to strike out (not good). We believe this would correspond with this blog post - click here. Again we are not sure if the action to strike out was successful. On the whole, this is not good ...
Jan 2016 - In the Court of Appeal of Malaysia, Peter Blomqvist and Others.
Judgement was in favour of the defendants. The Judge ruled that the UK was, in fact, the correct place for the case to be heard.
I would highly recommend reading all these judgements if you want to understand some of the alleged backstory.
There are other legal actions popping up from time to time in Malaysia, but we have no further info on them at this time.
28th Nov 2016 Case No 24NCC-35-01 2015 Zavarco v Vascory Land KKK. Ongoing.
28th Oct 2016 Case No 22NCVC-131-03 2015 Zavarco v Past Directors. Ongoing.
Media coverage -
Jose Barrock at the Edge newspaper in Malaysia covered the story last year in the below link -
Shareholder dispute at Zavarco PLC
Malaysian Police -
We are led to believe that complaints have been filed with the Malaysian Police regarding the fraud. Whether or not any investigation has actually begun is yet unknown at this point.
If you think we have missed anything, then please let us know.
Have a great week ... RR
