Day 4 Tan Sri Syed Yusof Bin Tun Syed Nasir v Zavarco PLC ...

Dear Shareholders,

No further news other than we have entered into day 4 of the trial,

We will keep you posted.

Day 3 Tan Sri Syed Yusof Bin Tun Syed Nasir v Zavarco PLC ...

Dear Shareholders,

Thanks for the emails.

Day 3 .... no information yet, but as soon as we have something we will post it to the blog.

Day 2 Tan Sri Syed Yusof Bin Tun Syed Nasir v Zavarco PLC...

Dear Shareholders,

It's a clear message from the courts in London that this is a full-on trial, as it enters its second day. 

As soon as we have any news from the courts we will of course post it.

Breaking News -Tan Sri Syed Yusof Bin Tun Syed Nasir v Zavarco PLC in London Chancery Courts today...

Dear Shareholders,

Tan Sri Syed Yusof Nasir, past Chairman and one of the largest investors in Vasseti/Zavarco - click here is in the Chancery Courts in London today to face down Zavarco PLC.

As soon as we have more news we will post it.

PINNED POST - Updated 8th August - No further news and we continue to watch all the courts.

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.

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

INVESTOR WARNING for ORCLASS listed on the Euronext as MLORC....

Just recently we reached out to Carlos del Barrio over at his blog http://afectadosefm.blogspot.com.

Carlos has been fighting on the behalf of nearly 300+ Spanish investors who have been trapped in multiple pump and dump scams, which have been purposely sold to Spanish investors via cold calling. Carlos names London based BBS Consulting as just one of the cold calling firms targetting Spanish Investors. A quick check at the FCA website and we discover BBS Consulting on the "don't touch with a barge pole list" 

This latest pump & dump is thought to be French based company ORCLASS helmed by David Madar. Up until just recently the company had been suspended from trading but has just recently resumed again. Carlos reckons there could be as many as 50 to 100 Spanish investors trapped in this latest pump and dump.

As it currently stands, Carlos as reached out to firm's CEO David Madar for comment but to date has received no reply. Carlos has also informed us the Spanish police are also investiagting the claim.

If you are a shareholder and you are trapped in the listed company ORCLASS then please do not hesitate to get in contact with us at robertross2248@protonmail.com and we will help you to get in touch with Carlos, or if you have any further information regarding any of the compnaies mentioned here then again please do not hesitate to get in touch.

You also contact Carlos direct at -

http://afectadosefm.blogspot.com and his email cdbg65@gmail.com

UPDATE - 9th September 2017, Zavarco PLC back in court ....

Dear Shareholders, 

We have a news update from the courts in the UK. We have been informed from a reliable source that Zavarco PLC will be back in the UK courts. The date is unconfirmed and as soon as we have the info we will post it up on the blog.

We have been in contact with Carlos Barrio from Spain, here is a link to his blog http://afectadosefm.blogspot.com.es/   Carlos is fighting back against a very similar fraud to us. In order to raise awareness and support for Carlos we will be putting up a blog post later this week detailing his fraud and who you can contact.

Have a great weekend !!

Orient Telecoms PLC is updated at companies house.

If you need to refresh your memory again on who is Orient Telecoms PLC, please click - here first and there is additional reading - here.

So, the company was formed on 26th Feb 2016 by Mark Pincock (from Aries Telecoms PLC) and Sayed Mustafa (CTO at Aries Telecoms) and since then it certainly appears to have done absolutely nothing.

However, there was an update at companies house yesterday. Their previous company secretary has resigned and they have appointed a new company secretary at London Registrars Ltd.

What is interesting to note is the new company secretary is the exact same company secretary that Zavarco PLC appointed and the out going company secretary is none other than Needle Partners Limited, which just so happens to be the lawyers that represent Zavarco PLC.

What a coincidence ........ wouldn't you agree?

Perhaps this is the start of something, we will watch this space ....

Update - June 7th - Zavarco PLC files a PSC08 at companies house UK ...

The directors at Zavarco PLC filed yesterday a "Notification of person with significant control" statement at UK companies house. (pic below)

Link is - here

According to the statement, there appears to be nobody with any significant control of the company at present .....

Update - Zavarco PLC back in companies court UK 23rd May 2017.

Thanks for sending this through ... we missed this one ....

Link is - Here  This link takes you to a archive search, so enter the court details in the below screen capture then Zavarco. It will display all past hearings for Zavarco PLC. We will add this to our pinned litigation page.

Again thanks for sending this through ....

Update 19th May 2017...

Dear Vasseti/Zavarco shareholders,

We want to thank you all for your emails and please do not worry, we are still here and we are still watching, all of this very very closely. 

We have been informed that the UK court battles still rage on and that we should see some news soon.

We have been very busy with our time and we have been tracking the history and the background of the people directly connected to this fraud.....it's quite amazing what crawls out of the woodwork when you start digging.

Also on that note, a big thank you to the people who have sent us reliable leads to investigate. If you are reading this and have anything to share please contact us on our email - robertross2248@protonmail.com - we welcome all leads.

New updates to follow over the coming days and a couple of interesting things happening in the Malaysian courts, back soon, have a great weekend.....

Update - UK Court action ..... Zavarco PLC in companies court...

It's been a while since our last update ..... but we are checking every day.

Zavarco PLC in companies court UK .

For link - click here

BREAKING NEWS - Rapidcloud gets the London size 9 boot off the Stock Exchange...

This is becoming a regular occurrence for Malaysian companies, getting booted off Stock Exchanges ...

Update on RapidCloud International,  Previous report - Here

To the HONEST shareholder at Rapidcloud, We have great empathy for your losses. However, the time is now. Questions must be asked, and directors held accountable for their actions as to why this happened with no prior indications or warnings ...

As shareholders in Vasseti/Zavarco, we know only too well what it is to be completely lied to and misled by a downright fraudulent board of directors.

All directors must be held accountable for their actions...

Breaking News - Rapidclouds Nominated advisor rapidly quits ... shares are suspended ...

Dear Vasseti Zavarco shareholders,

William Du aka Kiat Wai Du, a shareholder and a director at Rapidcloud PLC (another Malaysian company) has just had their nominated advisor quit and their shares suspended from the London (AIM) stock exchange.

Links are here - Share Prophets 
                    Proactive Investors

Mr Du is also a shareholder and director at Aries Telecoms fka V Telecoms which was stolen from the Vasseti Zavarco group during 2014. Mr Du launched a fund back in 2009 to invest in V Telecoms before it was taken public with Vasseti, Neither William or his fund investors were ever affected by the fraud which befell the shareholders at Vasseti Zavarco PLC. If you need a refresher further reading - Here

William is also behind Vertu Capital another LSE listed shell company that has done absolutely nothing for the last 2 and a bit years. More on that - Here

As always our thoughts are with the honest shareholder who will now more than likely lose their entire investment.

2 Year Anniversary of the blog .......

Dear Vasseti/Zavarco Shareholders,

Yes, it's been 2 years since we started the blog .and I thought we would take a trip down memory lane and highlight some of the events from that time....

Our first blog posts were posted on the 4th of February 2015 link is - HERE

Lo and behold, 16 days later, and Peter Blomqvist a Vasseti/Zavarco shareholder from the UK, calls for a meeting to replace the board at Vasseti Zavarco PLC -

"On the 20th of February 2015 Mr Blomqvist served a notice on Zavarco PLC under Companies Act 2006 s303 requesting that the directors call a general meeting for the purpose of removing the existing directors and appointing himself and others named by him. That was met by an allegation that his shares were not fully paid (and therefore gave no right under s303). This, on Mr Blomqvist's case, was the first he had heard of such an allegation, which was wholly inconsistent with all the company's public accounts and records and with the listing of the shares on the FSX."

Extract from UK Judgement,  Petet Blomqvist v Zavarco PLC & its Directors 2016 Judgement paragraph 2. Link - HERE ....


Stay tuned for more of our 2 year anniversary highlights....

Update - Zavarco PLC Director Vinai Varanyananda Resigns....

Vinai Varanyananda resigns from the board of directors at Zavarco PLC. Link here

We are not sure if he resigned because he no longer wants to be associated with a group of criminal fraudsters, who will end up in PRISON ... or he is continuing with the operations further at Mercury Telecoms Thailand fka V Telecoms Connexia.

We shall see ....

Expanding Mercury Telecoms fka V Telecoms Connexia Co. Thailand ....

Still waffling on in their advert about the Vasseti Group and connecting the network from Singapore to Hong Kong...... I would love to see how they are going to do that from prison.... 

Zavarco v Vascory, Kayowa Kanko Kaihatsu and others.

We found this yesterday.... back again in the Malay courts.