|
Monday, June 26, 2006
The former head of a Bermuda-based investment company, missing three hundred and seventy million pounds, is being investigated by U.K. accounting regulators. Geoffrey Stuart Pearson resigned in February as Langbar International Ltd's executive director.
Pearson is being investigated for conduct relating to the establishment, listing and affairs of Langbar. The company announced last November, it couldn't establish the existence of bank deposits with ABN Amro BV and Banco do Brazil totaling about six hundred and seventy three million U.S dollars. The London-based Serious Fraud Office is also investigating the matter.
|
