{"id":77018,"date":"2022-08-09T12:10:51","date_gmt":"2022-08-09T12:10:51","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=96200"},"modified":"2022-08-09T12:10:51","modified_gmt":"2022-08-09T12:10:51","slug":"invescap-ceo-marc-andre-pepin-announces-grand-court-of-the-cayman-islands-petition-withdrawal-order","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/invescap-ceo-marc-andre-pepin-announces-grand-court-of-the-cayman-islands-petition-withdrawal-order\/","title":{"rendered":"Invescap CEO, Marc-Andr\u00e9 P\u00e9pin announces Grand\u00a0Court of the Cayman Islands\u2019 petition withdrawal order"},"content":{"rendered":"
Claims of fraud made by former fund personnel, SPI Investment Fund, deemed to be unfounded.<\/i> <\/b><\/p>\n
GENEVA, Aug. 9, 2022 \/PRNewswire\/ — Swiss investment firm, Invescap SA, has\u00a0announced the unequivocal dismissal of a petition alleged against it and\u00a0CEO Marc-Andr\u00e9 P\u00e9pin, by former fund personnel.<\/p>\n
After rigorous scrutiny from both the Cayman Islands Monetary Authority (CIMA)\u00a0and the Grand Court of the Cayman Islands, the petition logged\u00a0against the company was deemed to be unfounded.<\/p>\n
The petition, reviewed and ordered by the Hon. Justice David Doyle, was therefore\u00a0withdrawn on 8 July 2022.<\/p>\n
Commenting on the withdrawal of the petition, asset management specialist and\u00a0CEO of Invescap, Mr. P\u00e9pin said: “The termination of a directorship contract is always\u00a0unfortunate, but the long-term security of our client’s investments has always been our top priority.”<\/p>\n
“We are happy that these past four months of thorough review are completed concluding to no wrongdoing and that the claim of fraudulent activity has been\u00a0quashed”. \u00a0Pepin continued: “We consider this situation to be closed and\u00a0look forward to moving ahead.”<\/p>\n
For more information about Invescap, visit: https:\/\/www.invescap.ch\/<\/a><\/p>\n About Invescap<\/b><\/p>\n Invescap SA is a Switzerland-based investment firm founded by Dr. Marc-Andr\u00e8 P\u00e9pin. Invescap works internationally focusing on high-yield options, portfolio diversification and risk analysis.<\/b><\/p>\n Contact <\/b><\/p>\n