RE: Abu Dhabi Wealth Fund29 Feb 2020 17:46
Indeed, great note. The only people who have said it’s fraud, are those who have a vested interest in it being fraud. It’s a stretch to assume that this is fraudulent, without the facts coming out. Governance and reporting issues absolutely, and creative accounting. Shareholders likely to take a Bath but the times and telegraph are sensationalising this with input from jefferies who have always hated NMC. As for not paying staff, that could be admin, or it could be worse, but surely no staff would have been paid and we would have heard a lot more by now, and they have probably been paid now. Take your side positive/negative. Hopefully not 100% loss!