• Home
  • Articles
  • IPOC Fund President resigns after criminal past is disclosed

IPOC Fund President resigns after criminal past is disclosed

The founding president/director of a Bermuda-registered open-ended mutual fund has resigned after it was disclosed that he had served a prison term in Germany in 1997-99 for fraud and embezzlement.
Vidya Sharma, apparently a former Merrill Lynch banker, stepped down from IPOC International Growth Fund Ltd. in October of last year after his criminal conviction came out during court proceedings involving the Fund in the British Virgin Islands.