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.

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.

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.

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

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

Update - 27th Nov 2016 - We found this ....

Tomorrow in court, Malaysia ...

Tens of thousands of Malaysians rally in Kuala Lumpur against government corruption and theft ....

I love this .... the Malaysian people fighting back ... 

Fraud, corruption and theft have no place in our society. It must be driven out and all those who commit it against honest hard working people must be held accountable...

Don't give up until justice prevails. I salute you Malaysia !!

Tens of thousands of Bersih yellow-shirt protesters rallied Saturday in Kuala Lumpur.

The battle continues to remove the criminal board at Vasseti Zavarco PLC ....

Dear Vasseti Zavarco Shareholders,

The battle rages on in the UK courts to remove the criminal board of directors that conspired and executed a fraud to steal your hard earned money in order to enrich their own lives....

Link is here - https://www.justice.gov.uk/courts/court-lists/list-cause-rolls

Update - 7th Nov 2016 - Found this .....

Good morning, Vasseti Zavarco shareholders,

Have a good week - RR

Update 28th October 2016 - Today in the Kuala Lumpur Civil High Court, Zavarco PLC v Past Directors

This hearing was scheduled for today at the Civil High Court in KL... note, no trial date currently set.

Answering your questions .....

Dear Vasseti Zavarco shareholders,

We received some shareholders questions regarding our post on Tuesday.

"Any idea what this hearing is about ??"

We will assume that this hearing is for any further arguments relating to the 17th of May judgemnt. To be honest, we are not surprised that there are "further arguments" as there is clearly plenty to argue in that judgment.  

1. I invite the parties to seek to agree the order required to give effect to these findings. I will list a hearing at which this judgment will be handed down. There need be no attendance if the order is agreed. If there are matters arising however and they can be dealt with conveniently to the parties in not more than 30 minutes I will take them at that hearing. In any other event, parties should provide an agreed time estimate and dates of availability and I will list a later hearing.

Extracted from Blomqvist v Zavarco PLC judgment published on the 17th of May 2016.  Find it - here.

We will be back with a full breakdown of the May judgment soon,  but until then we intend on giving these hearings as much breathing space as possible ....

RR.

Court hearing in Kuala Lumpur today ... Zavarco PLC v The past directors ...

If anyone can shed any light on what this hearing is all about then please do come forward.

Excellent article from Lee Shih on Zavarco PLC ...

Lee Shih has written an article on the current legal proceedings against Zavarco PLC in Malaysia.

Article Link - Click here

More reasons why you should consider NOT investing in Vertu Capital Limited ( VCBC )

Yesterday, I showed you legal proceedings taking place in the UK and Malaysia for theft & fraud and the victims are the shareholders of Vasseti Zavarco PLC,  but if that wasn't  a good enough reason .. then here's another ... Transparency ... and its lack of.

The Vertu Capital Limited Listing Prospectus is here. 

Vertu Capital Limited is a registered Cayman Islands company and it is an EXEMPTED company.

What does exempted mean ?

• The names of the shareholders of an exempted company are not required to be filed with the Registrar of Companies and an exempted company need only have one shareholder.
• The annual reporting requirements are minimal and consist only of a statement, signed by the company secretary or a director, that the operations of the exempted company have been carried out mainly outside of the Cayman Islands, that the provisions of Section 193 of the Companies Law have been complied with (Section 193 precludes an exempted company from trading in the Cayman Islands except in furtherance of its business carried on outside the Cayman Islands) and that any bearer shares are held by a custodian.
• An exempted company is permitted to issue "no par value" shares.
• An exempted company is not required by law to hold a general meeting of its members.

Not a lot of transparency there ...

Who are the major shareholders in the company ?

Nordic Alliance Holdings Limited (BVI) 
Link Summit Limited (BVI) 
Infinity Mission Limited (BVI) 
Eastman Ventures Limited (BVI)
Amber Oak Holdings Limited (BVI) 
Belldom Limited (BVI)

(Info obtained from the listing prospectus.)

Who are they ? We don't know, because there all hiding behind BVI companies where the privacy laws are strict. 

Ask yourself the question, If you don't know who owns the company and you can't contact other shareholders then do you really believe your money is going to be safe here ??

BE WARNED !!!

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

Malaysian Deputy Prime Minister calls for transparency and a thorough investigation and he get's fired for his trouble....

Malaysian Deputy Prime Minister Tan Sri Muhyiddin Yassin who attended and spoke at the 2013 launch of V Telecoms Global IP Transit Services has been sacked from his position. Full story from the Wall street journal is here.

The below images are taken from the V Telecoms 2013 launch of its Global IP Transit Services. Far left we have none other than Zulizman Zainal Abidin, and then far right we have Roslina Binti Ibrahim, check out the sign at the back of the picture "melting pot" that's exactly where these two are going to end up for defrauding Vasseti Zavarco shareholders.

Below, Datuk Seri Ahmad Shabery Cheek, Minister of communications and multimedia arrives and takes center picture. He's flanked by Zulizman Zainal Abidin far left, then over to your far right and you have Shailen Gajera, Tan Sri Syed Mohd Yusof Tun Syed Nasir and Roslina Binti Ibrahim bringing up the rear.

Below, we have Tan Sri Syed Mohd Yusof Tun Syed Nasir, a major investor and former Chariman/Director of the Vasseti Zavarco group and far right with the open blue shirt Shailen Gajera aka Shailen Popatlal, Vice President of V Telecoms, which is a 100% subsidiary of Vasseti Zavraco PLC group....

Below, Deputy Prime Minister Tan Sri Muhyiddin Yassin arrives, again flanked by Zulizman Zainal Abidin, Tan Sri Syed Mohd Yusof Tun Syed Nasir and Roslina Binti Ibrahim......

The Deputy Prime Minister who was speaking at the launch, also went on to say that he "Commends V Telecoms for rolling out their fibre optic technology throughout the country to connect the disconnected" 

I am quite sure that the Deputy Prime Minister Tan Sri Muhyiddin Yassin would be absolutely and utterly disgusted to learn the fate that befell the shareholders of Vasseti Zavarco PLC. Shareholders who put their money, trust, family and their children's security on the line so that these wankers could treat it as one big game.....in my world fraudsters like this and pedophiles are all cut from the same cloth.....they make me sick.

 

More articles ???

Here are some more articles........on this soon to be new IPO ??

The Rakyat post 

The Telecompaper article