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New World Oil & Gas; embezzlement arrest warrant for director’s wife

By Ben Turney | Friday 1 May 2015

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

New World Oil & Gas (NEW) has not issued an RNS to confirm whether or not Bill Kelleher has repaid the several hundred thousand dollars he owes the company or if he has left his role as a well-paid technical advisor. Frankly, New World should have done, but we’ve now been passed some other interesting information concerning one of the directors’ wives. It appears that the Kazakh Department of the Agency for Public Service and Anti-Corruption is seeking the arrest of Peter Sztyk’s wife for “misappropriation or embezzlement of entrusted property”.

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