September Update....

Dear Shareholders,

We are still appealing to any ORCLASS or BOSTON ASSET MANAGEMENT investors to come forward. We would also like to add to that list any investors who lost their shirt at QUESTUS GLOBAL CAPITAL MARKETS. Questus was connected to a share swap that took place with Vascory and the then Vasseti group Director Ranjeet Singh Sidhu. We featured this fraud sometime during 2015 and in light of recent events we are to revisit this again.

Email us on – robertross2248@protonmail.com.

IMPORTANT ANNOUNCEMENT FOR VASSETI ZAVARCO SHAREHOLDERS.

Dear Shareholders,

We have the following announcement from a Vasseti (Zavarco) shareholder. I would ask that all shareholders read this carefully and then reach out to Lee Meiklejohn without delay.


Hello, My name is Lee Meiklejohn  and I am a shareholder in Vasseti.

I was sold the Vasseti investment by Ranjeet Singh Sidhu and like so many others I too was sold on the fact that Tan Sri Syed Nasir had bought and paid for 30% of the company and with this he was to be a significant leading presence and driving force behind the Vasseti Group. 

All my grievances lie with the original board of directors who in my eyes are solely responsible for all investor losses. From 2013 and following the collapse of the share price I have been repeatedly lied to and misled on just about everything I have asked them.  Therefore I request the following -

1. Any shareholders who wish to join me I will be filing my own police complaints in Malaysia and will do everything possible to make sure a police investigation is established as well as consulting solicitors with respect to raising a class action suit. 

2. If any Vasseti shareholders who paid money directly to Ranjeet Singh Sidhu or to his investment company G&P Solutions expecting the money to then be sent directly to Vasseti to purchase the shares. Could you also please get in touch with me. According to Vasseti now known as Zavarco the shares that I hold are unpaid this I find to be impossible as the funds were sent directly to Mr Sidhu which in turn were to be sent to Vasseti by Mr Sidhu to buy the shares.

Thank you for your attention and please share.

Lee Meiklejohn.

German regulator BaFin sets financial penalties against Vascory….

Attention Vascory shareholders, 

On May the 24th the German regulator BaFIn imposed periodic penalty payments set at a whopping 282,500 euros against Vascory AG. A company owned by Tan Sri Syed Nasir and Ranjeet Singh Sidhu.

To read, click here.

Why have they imposed these fines ?

Vascory and its owners have failed to follow the strict reporting guidelines set out by the regulators for a listed company.

As we have recently learned, this is nothing new, they literally broke every rule in the book with Vasseti (Zavarco).

If you still believe these people have your best interests at heart then perhaps you should think again.

I'm sorry but it's just pathetic, these bastards just don't care about their investors and their money.

Act now or suffer the same fate that befell the Vasseti Zavarco shareholders.

Why do they do it ?…...

Dear Shareholders,

I regularly watch documentaries on theft and fraud because I am trying to gain some kind of insight into why these people set out to defraud other hard working people. I basically want to try and find out what makes these scumbags tick.

I am currently watching this particular channel on YouTube called “Phony Seal of the Week”. I highly recommend watching a couple of episodes at least. Here’s the link. Click here.

A bit of a background about this particular channel,

Don Shipley is a retired US Navy Seal. This man has been to hell and back so that he could build a career for himself and successfully provide for his family, as well as serve his country in one of the most notoriously difficult elite fighting forces in the world.  So you can imagine he gets a little pissed off when people (scumbags) try to steal his and other Navy Seals Valor.

On a daily basis Don tracks down members of the public who claim to be or have been US Navy Seals. These people range from trying to impress a girl at the bar, to full on lying to their friends and families and in some cases have even set up their on business based around them claiming to be an Ex. Navy Seal. Others just do it for the sake of vanity and the need to appear successful to the rest of the world, sad.

It’s astonishing to watch. Don Shipley (the real Ex Navy Seal) normally begins his exposure of the imposter by first asking them a short series of questions. The first question is were they a Navy Seal, the answer that follows is normally and sometimes hesitated but normally a definite “yes”. Don then follows this question up by asking them their “BUDS Class Training No” which in plain speaking is “what is the class number you graduated from for your Navy Seal training. By this point Don’s got them, because no matter what the fraudster tells him Don is in possession of a complete list of all the classes and its graduated members, so no matter what this fraudster says he is instantly exposed.

What’s astonishing to me is despite the overwhelming evidence the fraudster will still maintain the lie. At first I thought these people to have mental issues but the more you watch it becomes clear that this is not the case. The people in question are very much aware of their actions and know exactly what they are doing. 

I firmly believe that the above relates exactly to what we as shareholders are experiencing. The people we are dealing with are pathological liars, they have honed and crafted their vile fraud skills, they show you no remorse and no guilt as they quite happily put your money or “valor” (in Don’s case) straight into their back pocket and then happily spend it on themselves and their families, who are sadly and probably none the wiser.

So why are these scumbags doing this,

The answer lies in their personality, they just can’t do it. No matter what they do they are just unable to make it .They are so unsuccessful in life that the only way they can make money is to resort to stealing from others who are the ones who actually work hard to try and make it. Secondly, the Vanity part, they desperately need people and their family and friends to believe they are successful at what they do.

Back to Vasseti (Zavarco),

Tan Sri Syed Nasir and Ranjeet Singh Sidhu knew before they even set foot in a UK court they had lied and deceived investors. They knew all along their shares were unpaid. So after they elected the new board of directors during 2013 (which was effectively handing back the company) they then proceeded to lie to investors about how the company was performing and mentioned nothing of the troubles that were developing within the company, until they were literally forced to do so in 2015. Now, instead of them leading the way and rallying all the shareholders together, contacting the Police to investigate and then launching a class action suit with all the shareholders, they brought in just one shareholder, Peter Blomqvist who made not a single effort to contact any of the other shareholders for their support.

The only way to break this cycle of events is to expose these vile bastards and bring in a proper and full Police investigation, because you can be rest assured that Mr Nasir and Mr Sidhu will no longer be pursuing them through the courts and will most certainly never go to the Police.

Next up,

Vascory and the Spanish Investors this is another public run company by Tan Sri Syed Nasir and Ranjeet Singh Sidhu.

File complaints with the Malaysian Anti Corruption Commission now....

Dear Shareholders,

All Vasseti(Zavarco) shareholders need to file complaints with the Malaysian Anti Corruption Commission now.

If you want justice and if you want a Police investigation against all the fraudsters involved at Vasseti then get your complaint filed now. 

New Government in Malaysia, so there has never been a better time...

The more of you who file complaints the better the chance of getting a proper Police investigation.

You can,
Email 
Telephone
Write a Letter
Visit in person

Malaysian Anti Corruption Website – Click Here.

The perpetrators of the Vasseti fraud have done this before and are still doing it to other investors today.

A Police Investigation is the only way to resolve this and stop them.

End of the week roundup….

Dear Shareholders,

I want personally thank the people who came forward this week, it’s not easy to come forward but we really are grateful for the effort that was made and for the further information received.

Don’t forget you can contact to us anonymously at any time and please any victims from the Boston Asset Management fraud then please do not hesitate to come forward. 

We have a great deal of information to share starting from next week and it’s all about bringing justice to the shareholder.

Remember none of this will be resolved without a thorough Malaysian Police investigation. 

Have a great weekend….

TAKE STRENGTH FROM ALL THESE EVENTS - RM114 million Najib Razak

To the victims of Boston Asset Management Pte Ltd - Class Action Suit...

To all investors, who have had their money stolen from them at Boston Asset Management Pte Ltd. 

Please would you come forward now.

We are in touch with investors who are determined to seek justice against the perpetrators of this fraud.

Boston Asset Management was a Singaporean company but was run from Kuala Lumpur, Malaysia and has since been shutdown.

The perpetrators of the fraud were, 

Keith William Wotherspoon – British National.

Bryan McRae Thomson Gauson – British National.

To the Vasseti (Zavarco) shareholders, there is also a connection and involvement here to a known personality of Vasseti and we will reveal this connection in due course.

Remember, we treat all emails with a high regard for privacy and confidentiality, we are very discreet and if you are worried about making contact with us for what ever reason, then do so anonymously and let us try and help you.

We have one objective here, to bring together as many people as we can who have had their money stolen by all these fraudsters, so that we can have the Police investigate them and have this scum locked up !!

Please email - robertross2248@protonmail.com

The Investor warning for BAM on the Monetary Authority of Singapore, click here.

The Investor warning for BAM on Global Investor Alerts, click here.

Boston Asset Management Pte Ltd & Keith Wotherspoon & Bryan Gauson Fraud on Andrew Drummond’s Blog, click here and here.

Reaching out to Vasseti Shareholders in Singapore....

Dear Shareholders,

We have a Vasseti (Zavarco) shareholder who wishes to connect with any Vasseti shareholders from Singapore. 

During 2017 he tried repeatedly through Ranjeet Singh Sidhu to get their contact details.  Sidhu had mentioned that there were angry Vasseti shareholders in Singapore and had promised to pass on the contact details, please see the below screenshot of the chat between him and Mr Sidhu. 

You will clearly read, Mr Sidhu appears to be unable to recover the contact information for the Vasseti Singapore shareholders and seems to want to contact London instead??? Anyway, suffice to say the contact information was never passed on. So, two things have happened here, either they don’t exist and he was lying or they do exist and he feels that it wouldn’t be in his interest if Vasseti shareholders began to untie.

Anyway, here is a message from the shareholder and I do believe it is in everyone's interest to unite and take this to the Police in Malaysia.

“Please if you have lost money in Vasseti and you're sick of being fed constant lies and being continuously mislead, then please contact Robert who will put you directly in touch with me. I will update you as to how I see this fraud has turned out. Thank you”. 

Email us at robertross2248@protonmail.com 

Remember, if you wish to make contact anonymously at first then please do not hesitate to do so.

There has never been a better time....

Dear Shareholders,

Incredible things are happening in Malaysia right now and I make reference to the very decisive actions taken by the newly elected Malaysian Prime Minister. 

Malaysian Police have conducted raids on the ex.PM Najib and have seized cash and boxes of luxury items. Link here.

On the strength of the above news I feel compelled to repeat myself and again to each and everybody who has had their money stolen by these despicable scumbags, come forward and let us take your story to the Malaysian Police, don't let these people get away with taking your money. 

During the November 2017 Tan Sri Syed Nasir v Zavarco trial. Ranjeet Singh Sidhu made this brazen remark to the judge, 

“In Malaysia it is the norm...”

Well, it looks like the norm is changing.  

Before we start......

Dear Shareholders,

Before we start and again it is of great importance that we make our position perfectly clear.
It is not and has never been our intention to damage or hurt anyone or any company mentioned in this blog. However, what we are determined to do is to expose the real wrongdoers for theft and for fraud against hardworking investors. 

To the people mentioned currently on this blog who believe they are innocent, come forward and tell your story. If we have got it wrong, we will retract everything and gladly print the appropriate apology and the truth.

We now know for a fact that certain people mentioned in this blog have been stealing investors money for some time now and we will not rest until we make sure they are properly investigated by the police and their crimes exposed. 

A message to the people who have had their money stolen,  for God's sake please come forward. These people must be stopped. We know for a fact that some are afraid to come forward and we know that some have been promised something in return if they keep their silence. Just recently we have been informed by a shareholder from the UK, who was offered several million shares in another company if he kept his silence. The shareholder refused to take the shares and it turned out the company that was offered was just another scam. So don't be fooled into thinking you will be looked after. Another source has informed us that certain people mentioned here have had brand new and expensive luxury cars bought for themselves and have appeared to have moved into new luxury offices when before they had normal cars and normal offices. Don't forget it's your money they are spending.

If you have any further information to share with us then please share it either anonymously or please be assured in knowing that you and your information will be treated in the most confidential manner that we can provide.

Now is the time to act...

robertross2248@protonmail.com

Update - May 2018.

Dear Shareholders,

First, congratulations to the Malaysian people because they finally managed to eject their corrupt and fraudulent government. The Pakatan Harapan - Alliance of Hope, stunned everyone with their victory and have overturned 61 years of Barisan Nasional Rule. Bravo !!

What to expect from the blog next,

Part 2 of Tan Sri Syed Nasir v Zavarco PLC, which will outline the true lies behind the valuation of Vasseti as a company, to make you belive you where buying into a company with real value.

Vascory AG, a Germany company helmed by Tan Sri Syed Nasir and Ranjeet Singh, which sits listed on the Frankfurt Stock Exchange and does absolutely nothing, appears to be caught up with a number of Spanish investors, losing their entire life savings in a company that sells Gold. 

We 've gone back over the last 5 years of the Vasseti Zavarco fraud and we can now clearly show that these court actions to help protect the Vasseti Zavarco shareholder where nothing but a sham and we will also demonstrate how this has been a well-crafted fraud from day 1. 

Stay tuned...

VASCORY AG shareholders beware....

We were sent the following warning from the German regulators website BaFin.

Vascory AG, a company listed on the Frankfurt Stock Exchange and run by Tan Sri Syed Nasir and Ranjeet Singh Sidhu is potentially about to get hit with a whopping fine for not complying with the regulators financial reporting requirements (sounds familiar).

If you are a shareholder in Vascory AG then please taken note and then take action !!!

Vascory AG BaFin Warning - Click Here.

We have another Vascory story to follow shortly after we have posted part 2 of TS v Zavarco.

Stay tuned.

"there was no limit to their lies back then" .....

These two scans where taken from their sales packs which were circulating at the time. These were sent to us with the remark, "there was no limit to their lies back then". 

Translation of the brochure is as follows,
"Vasseti group was founded in 1996 and Asia head office was established in Malaysia. Vasseti group is a merger & the acquisition of several different companies from some unifying countries views on business improvement.In the first phase of consolidation, Vasseti The Malaysian Group is worth 1 billion US dollars at the end of 2010 & will be part of the global corporation, Vasseti (UK) PLC. As part of the global corporation then Vasseti will include the Asia and East Asia middle. And will be part of the company which is worth 12 billion US dollars in 2015. Vasseti has developed a network in three a very populous country that is: India, Indonesia and China In its development Vasseti leads coverage bigger business, with excellent products in the form of telecommunications optical and central networks the best data in its class Current developments Vasseti's business covers construction of hotel luxury international standards in Malaysia, resorts, apartments luxury, golf clubs, cars, plantations and IP advertisements."

The below picture is the New Four Seasons hotel which was to be built in KL. Yes, this is a project that belongs to Tan Sri Syed Nasir, but as we have now learned it had nothing to do with Vasseti. It was named their "NEXT BIG PROJECT" it should have been renamed to their "NEXT BIG LIE". It's easy to see how investors get sucked into this land of make believe. Investor deception and dishonesty at its finest.

Tan Sri Syed Yusof Bin Tun Syed Nasir v Zavarco PLC continued .... even more lies .... Part 1 ....

The release of that judgement, allows us to go back and examine the past and see just how much of a sham and a fraud this has all been.

Before we move on to review more of the Judge's comments and what he had to say about the actual value of the Vasseti Group. We must turn the clock back to 2010 and 2011, when the Vasseti/Zavarco investment was being sold to private investors and then later to the public via an IPO and shares listed on the Frankfurt Stock Exchange. 

Here is what this investment looked like to you, during that time,

The Board of Directors and shareholders for Vasseti/Zavarco Group where as follows,

Group Chairman and 30% Shareholder,
Tan Sri Syed Mohd Yusof Bin Tun Nasir.

Group Managing Director and Shareholder,
Ranjeet Singh Sidhu.

Group Directors and Shareholders,
Dato M.Harisharan Pal Singh.
General Dato Sri HJ Suleiman Bin Mahmud.
Edmund Loo
Steven Marriott
Pushpan Murugiah

The Vasseti Group was allegedly valued at Frankfurt Stock Exchange via the Crilly Letter at 2.3 billlion euros.

The Vasseti investment listed no less than 10 companies within the group and these were as follows,

V - Telecoms Berhad
Templer Park Golf Course
Vasseti Datatech Berhad
Vasseti Engineering Berhad
Median Real Estate Berhad
Vasseti Farmland Berhad
Vasseti HR Services Berhad
Vasseti Life Concept Berhad
Ezreen Auto Berhad
Vasseti Security Berhad.

Fast forward to present day, 2018, and ask yourself out of that entire line up what is left?

Nothing ...... literally nothing ....  

It's just fraud ....

The only business that is left in the group that has any value is the Templer Park Golf course and that alone needs NOW to be seized, valued and sold, so that shareholders are able to recover some of their investment back.

All of those directors with distinguished backgrounds, claiming to have bought into the company, nothing but make believe......manufactured to make you believe you were investing into safe, sound and secure business. Hey, if it was safe for them to put their money in, then why shouldn't you...

What happened to the other eight companies on that list? I mean, I'm being serious here, where are they ?? were they even real ?? or just more lies, abandoned in 2013 like everything else was...

Finally, that valuation of the company, 2.3 billion euros, real or make believe again....

In part 2 we will return to the judgement and breakdown the judge's comments on the value of the company and the above.

Just to be clear about our last post ...

We have received emails from very confused and worried shareholders about how and where we received the information for that post and how much of it is true.

The facts are as follows,

To understand the matter further, we need to go back in time to an article that was first published by The Star (business) on the 21st of August 2010, "Tan Sri Syed Yusof Nasir buys into Vasseti".

To read this article again please click here.

Coming back to 2017. There is a court hearing in the UK "Tan Sri Syed Nasir v Zavarco PLC fkn Vasseti PLC. 

The judgement for that hearing is click here.

The UK Judge presiding, said the following about the article you have just read,

"He was interviewed by The Star in Malaysia which ran the story under the headline "Syed Yusof buys into Vasseti [ZB], which is launching its broadband service today" and began: "Kuala Lumpur: Businessman Tan Sri Dyed Yusof Syed Nasir has bought a 30% stake in Vasseti Berhad [ZB]..." This was in line with evidence given to me by Dato Singh who said "I think Tan Sri invested a lot of money in the company"."

"But Mr Nasir's evidence was that he invested no money in ZB."

"When it was put to him that the journalist at The Star had been misled into thinking that he had such confidence in ZB that he had put his own money into it, Mr Nasir said "Well, you know, I mean, it's fully paid, of course it's like your own money, you know, but there is an arrangement of course, you know, will come. This is part of the exercise that for the company to move on." He was asked if it was "part of the image" and said, "Image, yes." This seemed to me to show a willingness to allow people to be misled on an important point which damaged his credibility as a witness."

In short, you were misled and deceived into thinking that a local Malaysian billionaire had put such faith in this company that he ended up committing his own personal funds to it.  

NOT TRUE....

Mr Nasir was a merely a decoration, brought on board to give investors a false security and confidence that their investment was being helmed by a distinguished and well thought of businessman.

This is evidenced further in the following extracts from that court hearing,

"Mr Nasir said, "Mr Sidhu told me that he thought that I could help to attract the right level of investment if I was willing to hold some shares and become a director"."

The Judge then remarked,

"I was shown no documents evidencing any active involvement by Mr Nasir in VTel or ZB, and no documents (in particular) in connection with any work he did in raising investment."
Whilst I accept that Mr Nasir was a more distinguished figure than Dato Singh, both were brought on board to lend their names and reputations to the business.

"This ties in with the news report and the (wrong) information given to Dato Singh that Mr Nasir had been willing to pay for his own shares in the business. It was all about appearances, but the appearances did not have to reflect the reality."

"My impression from Mr Nasir's evidence and from Mr Sidhu's evidence was that Mr Nasir's contribution was his name, his contacts, and his prestige. He was given shares and a directorship so that he appeared to the outside world to be a major shareholder and director but only the appearance of this mattered."

The Judge concluded the following,

"I conclude that he thought it would be good for him to be involved, but did not much care, still less stipulate, how it should turn out for him. He left it all in trust to Mr Sidhu and went along with whatever he was told from time to time."

Our conclusion,

Your investment is lost. 

There needs to be a full Police investigation and a full and transparent audit of how and where investors money was received and spent. Only then will shareholders receive the proper restitution they deserve.

Back soon.

Breaking down the Tan Sri Syed Yusof Bin Tun Syed Nasir v Zavarco Judgement and why shareholders have been misled and deceived...

What was the importance of this judgement in the first place?

If this court action had succeeded, then Tan Sri  Syed Nasir, past director, chairman and alleged majority shareholder of the Vasseti Group, would have been allowed to vote at a General Meeting.  

Why does he need to vote?

To remove the current board of directors who they claim went rogue. Now, without his shares there is a real danger that there are insufficient shares in order to win the vote to ultimately eject the current board of (rogue) directors. 

Why are we so angry with this judgement?

Very simply, because we've all been misled and lied to... 

The question that you need to ask yourself is, would you have committed to this investment if you had known that Tan Sri Syed Nasir had decided not to personally invest his money to buy 30% of the company.  Our answer is a resounding  NO...  there is not a chance any of us would have committed our funds to Vasseti if we had known the truth... 

Here are several extracts from the judgement and the judge's comments,

"Mr Nasir was interviewed by The Star in Malaysia which ran the story under the headline "Syed Yusof buys into Vasseti [ZB], which is launching its broadband service today" and began: "Kuala Lumpur: Businessman Tan Sri Dyed Yusof Syed Nasir has bought a 30% stake in Vasseti Berhad [ZB]..." This was in line with evidence given to me by Dato Singh who said: "I think Tan Sri invested a lot of money in the company". Dato Singh said this was what he was told at the time (Day 3 p 49 line 12 to p 50 line 23). But Mr Nasir's evidence was that he invested no money in ZB; his 4 million ZB shares were paid for by Mr Sidhu (Day 1 p 32 lines 10-19). When it was put to him that the journalist at The Star had been misled into thinking that he had such confidence in ZB that he had put his own money into it, Mr Nasir said "Well, you know, I mean, it's fully paid, of course it's like your own money, you know, but there is an arrangement of course, you know, will come. This is part of the exercise that for the company to move on." He was asked if it was "part of the image" and said, "Image, yes." This seemed to me to show a willingness to allow people to be misled on an important point which damaged his credibility as a witness."

The Judge concluded the following,

"I conclude that Mr Nasir is not a reliable witness and that where he makes assertions which are not corroborated by contemporaneous documents or other more reliable witnesses I should treat them with care. I conclude from the evidence that he took very little interest in any of the details of the matters he is asked to give evidence upon; that his recollection is unreliable; and that his evidence is not a truly independent recollection but coloured by the context in which he is talking."
My impression from Mr Nasir's evidence and from Mr Sidhu's evidence was that Mr Nasir's contribution was his name, his contacts, and his prestige. He was given shares and a directorship so that he appeared to the outside world to be a major shareholder and director but only the appearance of this mattered; it was not necessary that he should actually be an investor and, in reality, everything was done and decided by Shailen and Mr Sidhu. This ties in with the news report and the (wrong) information given to Dato Singh that Mr Nasir had been willing to pay for his own shares in the business. It was all about appearances, but the appearances did not have to reflect the reality.

"Dato Singh said in cross-examination that he had been told that Mr Nasir "had invested a lot of money" in ZB. This was not correct, as shown by the evidence including the evidence of Mr Nasir: Mr Nasir invested no money in ZB."

So shareholders there you have it, the beginning of the end and part of the reason as to why our investment is now lost.  Tan Sri Syed Nasir had nothing to lose and therefore probably didn't care if the company succeeded or not.  

Later in a separate post, we will demonstrate why we believe, the past board of directors could not have cared-less about your investment and probably the eventual success of the company, which as we later will find out was built on more lies.

To read the judgement again, please click here...

We are back ....

Dear Vasseti Zavarco Shareholders,

Our last post was published during November 2017 and it featured the release of a long-awaited Judgement for Tan Sri v Zavarco.

There has been little to say about the last released judgement from the UK,  other than the people that you thought or hoped where trustworthy turned out to be a bunch of outright fucking liars and were happy to mislead everyone including a British Judge, who saw straight through their bullshit.

Two things need to happen,

1. Accountability, the people here who have misled and deceived investors need to be held fully accountable for the loss of investors funds.

2. The need for a full Police investigation on all past & present board of directors of Vasseti Zavarco.

Stay Tuned.