By Tom Winnifrith | Thursday 14 September 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
Remember the Afren (AFR) disaster 2015. Readers of this website were warned numerous times but still thousands of investors lost a packet. Afren was a story of over-gearing, falling oil prices, incompetence but also of fraud. Elekwachi Ukwu was the Afren plc Company Secretary and claims to have been fired for whistleblowing. Now Ukwu is preparing to spill the beans.
"I have a hearing at the Central London Employment Tribunal Holborn on 18 and 19 September 2017.
I am concerned at the significant pressure that has been exerted to withdraw or water down my claims and will take appropriate steps to ensure that the malpractice and crimes which I am being vilified for exposing is brought to the attention of the public.
I would also like as many shareholders and their contacts in the media to attend the hearing in September as I believe it would be interesting to observe and hear firsthand about the challenges I have faced in trying to hold to account some of the principal actors in the malpractice, fraud, corruption and cover up in Afren."
Bring the beer and popcorn. The case details are HERE
Never miss a story.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments are turned off for this article.
Search ShareProphets |
Stock market news |
Recent Comments |