RDL Management

David Cosgrove et al v. Mauritius Financial Services Review Panel: Judgment (Setting Aside Judicial Review Applications)

May 6, 2022

Judgment setting aside two applications for judicial review in David Cosgrove and RDL Management Limited v. The Financial Services Review Panel at the Supreme Court of Mauritius.

The Global Mutual Fund PCC et al: Administrators’ Final Report

June 29, 2018

Final Report of the Joint Administration Managers of The Global Mutual Fund PCC Limited, The Worldwide Mutual Fund PCC Limited, and The Universal Mutual Fund ICC Limited - all part of the Belvedere Management Group - to The Royal Court of Guernsey and Investors.

Rajindersingh Borthosow: Cancellation of Disqualification

November 6, 2017

Determination of the Mauritius Financial Services Review Panel cancelling the disqualification of Rajindersingh Borthosow.

Mauritius bans three more Belvedere Management Group directors

January 3, 2017

Three more individuals - Kenneth Maillard, Laval Law and Rajindersingh Borthosow - have been banned from the financial services industry in Mauritius as a result of their involvement in the Belvedere Management Group, which was exposed as a fraudulent enterprise by OffshoreAlert in 2015.

Rajindersingh Borthosow: Disqualification

December 23, 2016

Public Notice by the Mauritius Financial Services Commission announcing the disqualification of Rajindersingh Borthosow.

RDL Management Ltd.: License Revocation

November 25, 2016

Public Notice by the Mauritius Financial Services Commission announcing the recovation of the Global Business Category 1 License, the Investment Adviser (Unrestricted) License and the CIS Manager License held by RDL Management Ltd.

Belvedere’s David Cosgrove banned by Mauritius regulator

August 28, 2016

Seventeen months after being exposed as a serial fraudster by OffshoreAlert, Irishman David Cosgrove has been banned from serving as a corporate officer in Mauritius, while fellow director Francess Henriette was also banned and Belvedere Management Limited has its management license revoked.

Mauritius FSC v. David Cosgrove: Disqualification Notice

August 24, 2016

Public Notice by the Mauritius Financial Services Commission announcing the disqualification of David Dawson Cosgrove of holding the position of an officer.

Two more Belvedere fund vehicles closed down by Mauritius regulator

September 20, 2015

Two more Belvedere Management Group investment vehicles - The Two Seasons PCC and Venture Assets PCC - have been closed down by the Financial Services Commission in Mauritius.

Belvedere Fund had €67 m of doubtful assets, says auditor BDO

July 8, 2015

More than one-third of the nearly €200 million of assets reported by one of Belvedere Management Group's offshore fund vehicles in 2013 was doubtful, according to auditor BDO (Mauritius).

Belvedere Fiduciary’s license suspended by Mauritius regulator

June 6, 2015

Citing 'breach of fiduciary duty', the Mauritius Financial Services Commission has suspended the license of trust company Belvedere Fiduciary Limited, which is part of a rapidly-disintegrating fraudulent global business empire controlled by Irish business consultant David Cosgrove and South African fund manager Cobus Kellermann.

Guernsey FSC v. Lancelot Management Ltd. et al: Paul Yabsley Affidavit

April 22, 2015

Affidavit by Paul Yabsley, Senior Analyst in the Enforcement Division of The Guernsey Financial Services Commission, in The Guernsey Financial Services Commission v. Lancelot Management Limited, The Global Mutual Fund PCC Limited, The Universal Mutual Fund ICC Limited, The Worldwide Mutual Fund PCC Limited, and The Trinity Global Fund at The Royal Court of Guernsey.

Mauritius regulator closes down RDL Management after OffshoreAlert exposé

March 30, 2015

The Mauritius Financial Services Commission today closed down a third company that was exposed by OffshoreAlert 13 days ago as being part of a massive investment fraud perpetrated by Belvedere Management Group. RDL Management Ltd. had its 'Collective Investment Scheme Manager License' suspended and was placed into administration.

RDL Management Ltd.: Appointment of Administrators

March 30, 2015

Public Notice by the Mauritius Financial Services Commission announcing the appointment of Joint Administrators of RDL Management Ltd., which is co-owned by David Cosgrove and Cobus Kellermann and is part of the Belvedere Management Group.

RDL Management Ltd.: License Suspension

March 30, 2015

Public Notice by the Mauritius Financial Services Commission announcing the suspension of Collective Investment Scheme Manager License of RDL Management Ltd., which is co-owned by David Cosgrove and Cobus Kellermann and is part of the Belvedere Management Group.

EXPOSED: Belvedere Management’s massive criminal enterprise

March 17, 2015

Offshore fund group Belvedere Management, which claims to have $16 billion of assets under administration, management and advisory, appears to be one of the biggest criminal financial enterprises in history, headed by David Cosgrove, Cobus Kellermann and Kenneth Maillard, OffshoreAlert can reveal.

The Four Elements PCC: Warning

October 20, 2014

Public Warning by the Mauritius Financial Services Commission against The Four Elements PCC.

Lancelot Global PCC: Warning

October 20, 2014

Public Warning by the Mauritius Financial Services Commission against Lancelot Global PCC.

The Four Elements PCC: 2013 Audited Financials

December 31, 2013

Financial Statements of The Four Elements PCC Limited for the year ended December 31, 2013. In issuing a qualified opinion, auditor BDO stated that more than one-third of the claimed assets of nearly €200 million might not exist or be recoverable.