The €100 million vanishing act!
Click here to read the article..
And when??? |
The €100 million vanishing act! Click here to read the article.. |
Who were the investors, and how much damage was inflicted on them???..
Using his Swedish ties, SG heavily marketed to Swedish investors. The vicitims were instutuional and retail, with the biggest casualty being Swedbank and Skandinaska Enskilda Banken AB. Swebank was over 30% of Columna in investments, and the losses were so scandalous that Swedbank closed down its Luxembourg Management Company as a result. Skandinaska Enskilda Banken AB was also heavily affected, with its client fund Garantum FondKommiss losing all its investment. A number of retail investors, some held with SEB Life in Dubloin, also lost their investments. SG's impact on the Swedish investment community was huge, and damaging to Luxembourg's reputation. To date, not 1 euro of investment has been recovered, in 10 years....
| Against CSSF, for gross negligence, filed Dec. 2020 | Claim for € 99.2 million |
| Against BGL BNP Paribas, formerly ABN Amro, for contractual breach, filed June 2020 | Claim for US$ 37.55 million |
| Against SocGen, for contractual breach, filed June 2020 | Claim for US$ 47 million |
| Against Columna directors, for mismanagement, filed Jan. 2020 | Claim for US$ 53 million |
| Against Alter Domus, for mismanagement, filed Apr. 2019 | Claim for US$ 55 million |
| Criminal complaints filed in 2020/2021 against various parties including Stefan Gustafsson | - |