Update - October 21st 2016 ...

Dear Vasseti/Zavarco shareholders,

Right, we are back ...

Thank you for your emails and concern, the hack was unsuccessful, and although we do not know who did it, we have a hunch who it might be ...

Referring to our September 30th post. There has clearly been another attempt at holding a general meeting to remove that criminal Board of Directors from Zavarco PLC, but for whatever reason, it is postponed again.  We will keep you posted on any further news.

We are aware that several of you are waiting on answers to emailed questions regarding the Vasseti Zavarco fraud. Now that we have fully moved office we will get back to answering your questions over the coming week.

Have a great weekend,

All new to the blog and have questions about the fraud PLEASE read this post....

Due to the launch of the Aries Telecoms Infinity broadband 1GBPS service this week. We have received numerous emails from people asking about the fraud. This blog post is to hopefully highlight and clarify why we are here ....

First, and to the best of our knowledge Aries Telecoms fka V Telecoms has not defrauded its customers.

What is the blog for ?

This blog is to highlight the theft and fraud that has befell the shareholders of Vasseti PLC nka Zavarco PLC. Vasseti PLC is the holding company for Vasseti Berhad (M).  V Telecoms Berhad (M) nka Aries Telecoms Berhad (M) is a 100% subsidiary of Vasseti Berhad. The group was floated on the Frankfurt Stock Exchange and was finally delisted from the exchange on the 27th April 2015 where upon the company directors cited the most dishonest and ludicrous of reasons.

In short, the company was stolen from the Vasseti group and its shareholders and millions of shareholders money has been stolen with it.  Innocent people have had millions defrauded from them in order to build their Telecom business and Telco network that you see and use today, but instead of rewarding the shareholders for their loyalty and trust they decided it would be smarter to just steal their money. 

What is being done about it ?

In the UK,

To the best of our knowledge reports have been filed with the UK Police for fraud. 

A shareholder, Peter Blomqvist has been battling it out in the UK Courts to try and retake control of the company from the UK side. 

Links - Blomqvist v Zavarco PLC and Directors Judgement 2nd July 2015 

             Blomqvist v Zacarco PLC Malaysia Judgement 28th Jan 2016.

Most recently - Blomqvist v Zavarco Plc (March 2016): Appearing for the claimant in a Companies Court trial where the issues were whether the issue of 7 billion shares in a plc was authorised by the company and as to the validity of the claimant's notice calling a general meeting to replace the directors. - Awaiting Judgement.

During 2015, Aries Telecoms PLC attempted to float the company back on a Stock Exchange this time the London equivalent the AIM and with a group effort we were able to block this action. We are led to believe from our Malaysian contact that they are again gearing up to try and list the company.
  
In Germany, 

Complaints of fraud have been filed with the Frankfurt Stock Exchange regulators BaFin and an investigation is in progress.

In Malaysia, 

To the best of our knowledge reports have been filed with the Malaysian Police for fraud. 

Media coverage from the The Edge newspaper. 

Link - Shareholder dispute at Zavarco page 19

Ranjeet Singh Sidhu past CEO of the Vasseti Group and major shareholder took great effort to shut down the the perpetrators of this fraud with a winding up petition during 2015.

Link -  RRS v Open Fibre (Winding up Petition) 

Tan Sri Syed Mohd Yusof Bin Tun Syed Nasir, past Chairman and major shareholder who bought a 30% stake in Vasseti during 2010, along with Ranjeet Singh Sidhu, have jointly filed a class action suit for all the shareholders and this can be found here. The action is ongoing.

Link - RSS, Tan Sri Syed v Zavarco, Open Fibre and more (Class Action Suit).


What do we want ?

Justice .... 

You can HELP, we welcome and invite any support to our cause and to support the people who have had their money stolen by these criminals.

A very large thank you to all who read this and again thanks to all who support the shareholders and the blog. Thank You.

Please share...

Best, Robert Ross.

History repeats itself at Aries Telecoms / V Telecoms ...

Here's an article from the Malay Mail 23rd of August 2010 .... 

Now, here's an article from The Star Today ....

ALL AT THE EXPENSE OF THE VASSETI ZAVARCO SHAREHOLDER !!!

Never forget shareholders that it is your money that has brought them to this point and it looks like they are gathering momentum again to attempt to defraud more investors with the same scam .... this time we will stop YOU !!!

Links - Aries Telecoms full article in The Star here