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Exclusive: Administrator files new damning report into Julie Meyer's Ariadne Capital Limited

By Tom Winnifrith | Wednesday 25 July 2018

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.

It is not yet up at Companies House but I have obtained a copy of the latest report by Leonard Curtis into the administration of Ariadne Capital Limited (ACL), the flagship company of Julie "Lingerie on Expenses" Meyer MBE. I reproduce it in full below and it will make very uncomfortable reading indeed for Ms Meyer.

You will note that investigations continue into both the transfer of assets out of ACL into Julie's Maltese company ACGL shortly before ACL went tits up. and also into the sale of ECG by Ariadne to Julie's joke ACE Fund in 2016 which Ariadne booked as a profit but ACE never paid for. You will also note that a report has gone into the Insolvency Service which may lead to Ms Meyer being banned as a company director for up to 15 years. Bring it on!

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