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 !!