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Allegations

Citco Group implicated in alleged Fletcher International hedge fund fraud

Not for the first time, hedge fund service provider Citco has been accused of helping a client defraud investors in an offshore hedge fund and then failing to co-operate with investigators. The latest incident involves Bermuda-domiciled Fletcher International Ltd. and its Cayman feeder funds.

Poland seeks evidence in USA for fraud investigation into Elektrim SA

Poland has requested evidence in the United States as part of a criminal investigation into alleged fraud and breach of warranty involving Elektrim SA, a Polish holding company with interests in the telecommunications and power industries in the country.Details are