Johan Ulander directly or through companies have been partners in GKL recent years and accounts for a large part of the business flow around Amaranth / GKL. On his LinkedIn page he is described as the founder and / or owners of companies Amarant Mining, Equatorial Forest, Alluvia Mining and Ducom DMCC.
Amarant Mining can be described as the group's parent company when it comes to business in the mining and resource industry. Equatorial Forest is a Swedish forest company with assets in the DRC, where Fredrik Ramberg and Peter Lindh last summer went into the board with the intention to achieve a listing of the company.
Alluvial Mining controls a number of mining assets primarily in North and South America, as the group has accumulated in recent years. Alluvial In autumn marketed a convertible bond issue of $ 150 million while related Conventus Commodities Minerals & Mining Ltd in another offer sold parts of its group holding in Alluvia.
Conventus Commodities Minerals & Mining Ltd has business links with Johan Ulander and GKL. Ulander also stands as owner of a company called Conventus Ltd..
Conventus Commodities Minerals & Mining Ltd and distribution and trading company Ducom DMCC has both financed through bond product Contender sold in Sweden in 2010 and 201 with an interest rate of 12 percent.
A total of four Ltd. company (Contender HY1-4) has been set up to lend money which is then transferred to Conventus and Ducom. In deals to investors were shares in GKL Growth Capital as collateral.
Conventus Commodities Minerals & Mining Ltd main asset was a platinum mine in Alaska, the Platinum Creek Mine. This has subsequently been placed as an asset in Alluvia and was described as recently as Alluvias investment offers from last fall as a key discovery for the company.
[...]
Portions of the sales methods used to access capital to the sphere company has been criticized in strong terms by the FSA.Specifically, the Nordic Investment and Contender bonds. In May this year was revoked thus Nordic asset management condition of FI.
The company was formerly known as Centum Investment Ltd and was then in Centum Group, co-owned by GKL. As settlement company, the company changed its name to Fiskaregatan XYZ AB.
According to the FSA, a large portion of the proceeds from the sale of Contender bonds. FI criticized, among other things, the Company to dark compensation for the sale. In addition to 3 percent commission, the company received a kick-back of 5 per cent that the customer was not informed.
FSA also felt that the customers got the right picture of the level of risk on the bonds.
"Nordic Asset Management has indicated to the FSA that it views the Contender is a product with low risk. Financial Supervisory Authority's assessment is that an investment in the Contender is associated with high risk, "writes FI in its decision and also noted that:
"A return of 12 percent per year is a return that far exceeds the yield of a government bond and can not be achieved without considerable risk."
Another blot on the protocol for Nordic Asset Management was that the company sold a similar bond product for the company HSF Securities which were used to finance the buyout of Nordic monitoring service from Panaxia. This bond was marketed as a safe investment, but lenders are now at risk of losing large sums of money after bankruptcies in Panaxia and Nordic monitoring service
2013-04-09
Ambiguities about related bands
Ownership straps when all transactions in the sphere are implemented. In the current situation, the shareholders have not voted on the deal that makes Alluvia to the largest shareholders in IGE Resources.
The stories differ on the close ties between Mineral Invest, IGE Resources and their new major shareholder.
In just a few months Amarant Mining and Alluvia Mining emerged as the largest shareholder in the Swedish Mineral Invest and IGE Resources. During the same period, the companies have both implemented and proposed comprehensive asset transactions with the new major shareholders as counterparty (see sidebar, and graphics above). The old shareholders in Mineral Invest has seen their shares diluted substantially, not just once, but twice, in the transactions with Amarant Mining and Alluvia Mining, paid for with newly printed shares. After the latest transaction is the number of shares up to over 2 billion. In IGE Resources conducted a large part of the company's cash over to Alluvia Mining in January, before the shareholders had not received information or voted on the matter. The transaction allowed KPMG to the police company and directing harsh criticism against its disclosure. The Company questions the auditor's actions and denies any wrongdoing. Even in IGE expecting a large dilution at a forthcoming issue to Alluvia. The fast business is conducted in a small group of companies and the outside shareholders is of course interesting to clarify any related fittings or other conflicts of interest. The principle is a cornerstone in the stock market, or as it is called in the Oslo Stock Exchange as IGE Resources will follow: "The company must not expose holders of its shares to differential treatment That lacks a factual basis in the common interest of the company and the shareholders' ( see box).
Several questionsRealtid.se:s examination shows that there are several question marks regarding disclosure and equal treatment on Mineral Invest and IGE Resources. It also turns out that the main characters' picture of what happens in the corporate group does not always match the information that the companies published. The most sensitive issue concerns the IGE Chairman Ulrik Jansson any ownership interests in Amarant Mining and therefore Alluvia Mining (see graphics and box).According to a memorandum from Alluvia Mining published August 14 last year, owns Ulrik Jansson holding USB Investment BV 10 percent of Amaranth. The document was the basis for a påstodd issue convertible bonds of up to $ 150 million which apparently has been marketed in several countries. The memorandum is just over 80 pages and is registered with financial authorities in Jersey.When Realtid.se confronts Ulrik Jansson with ownership task he denies vigorously that there would be no ownership interest on his part in either Amaranth or Alluvia. He describes himself rather as independent in relation to major owners.
Denies ownership connections - I can not answer for what Alluvia and Amaranth doing in its contacts with potential investors. What I do want to emphasize is that I do not stand behind Amaranth or Alluvia. The only connection I have with these companies is that I on two occasions in connection with investor presentations have set up [as] Sakkunning on mining in Africa. I remember right, it was an occasion in May, and in June last year. There were a dozen people in attendance and the meetings held in Mangold directed if I remember correctly, writes Ulrik Jansson in a statement to Realtid.se. Realtid.se have access to an investor presentation from September 2012 where Ulrik Jansson is set as the next chairman of Alluvia Mining. Although this task is denied by Ulrik Jansson. The same Board proposals are also included His Lindroth, best known as the CEO at Lingfield that serves as the investment advisor to Peder Sager Wallenberg Charitable Trust. Both Ulrik Jansson and Hans Lindroth went into the Board of IGE Resources in December since Amaranth Mining has taken over as the largest owner and proposed a new board. Ulrik Jansson does not think the data from Alluvia affects the image of him as indepIn just a few months Amarant Mining and Alluvia Mining emerged as the largest shareholder in the Swedish Mineral Invest and IGE Resources. During the same period, the companies have both implemented and proposed comprehensive asset transactions with the new major shareholders as counterparty (see sidebar, and graphics above). The old shareholders in Mineral Invest has seen their shares diluted substantially, not just once, but twice, in the transactions with Amarant Mining and Alluvia Mining, paid for with newly printed shares. After the latest transaction is the number of shares up to over 2 billion. In IGE Resources conducted a large part of the company's cash over to Alluvia Mining in January, before the shareholders had not received information or voted on the matter. The transaction allowed KPMG to the police company and directing harsh criticism against its disclosure. The Company questions the auditor's actions and denies any wrongdoing. Even in IGE expecting a large dilution at a forthcoming issue to Alluvia. The fast business is conducted in a small group of companies and the outside shareholders is of course interesting to clarify any related fittings or other conflicts of interest. The principle is a cornerstone in the stock market, or as it is called in the Oslo Stock Exchange as IGE Resources will follow: "The company must not expose holders of its shares to differential treatment That lacks a factual basis in the common interest of the company and the shareholders' ( see box). Several questionsRealtid.se:s examination shows that there are several question marks regarding disclosure and equal treatment on Mineral Invest and IGE Resources. It also turns out that the main characters' picture of what happens in the corporate group does not always match the information that the companies published. The most sensitive issue concerns the IGE Chairman Ulrik Jansson any ownership interests in Amarant Mining and therefore Alluvia Mining (see graphics and box).According to a memorandum from Alluvia Mining published August 14 last year, owns Ulrik Jansson holding USB Investment BV 10 percent of Amaranth. The document was the basis for a påstodd issue convertible bonds of up to $ 150 million which apparently has been marketed in several countries. The memorandum is just over 80 pages and is registered with financial authorities in Jersey.When Realtid.se confronts Ulrik Jansson with ownership task he denies vigorously that there would be no ownership interest on his part in either Amaranth or Alluvia. He describes himself rather as independent in relation to major owners. Denies ownership connections - I can not answer for what Alluvia and Amaranth doing in its contacts with potential investors. What I do want to emphasize is that I do not stand behind Amaranth or Alluvia. The only connection I have with these companies is that I on two occasions in connection with investor presentations have set up [as] Sakkunning on mining in Africa. I remember right, it was an occasion in May, and in June last year. There were a dozen people in attendance and the meetings held in Mangold directed if I remember correctly, writes Ulrik Jansson in a statement to Realtid.se. Realtid.se have access to an investor presentation from September 2012 where Ulrik Jansson is set as the next chairman of Alluvia Mining. Although this task is denied by Ulrik Jansson. The same Board proposals are also included His Lindroth, best known as the CEO at Lingfield that serves as the investment advisor to Peder Sager Wallenberg Charitable Trust. Both Ulrik Jansson and Hans Lindroth went into the Board of IGE Resources in December since Amaranth Mining has taken over as the largest owner and proposed a new board. Ulrik Jansson does not think the data from Alluvia affects the image of him as independent. - There are no commercial or private connections to any great extent. The people who are active in the mining industry in Sweden are relatively few in number, and of course we have encountered each other in different contexts. But from there to talk about the clear links are wrong, he writes. Realtid.se has not managed to reach his Lindroth for a comment on the data. But apparently there is a relationship between Lingfield and amaranth / Alluvia that goes further back. Reportedly the Realtid.se, representatives of the two holding companies availed Ling Fields office at Västra Trädgårdsgatan 15 in Stockholm for at least one year. Especially Johan Ulander, described as the uniting force of the corporate group, has had Modeling Fields office as their base while visiting Stockholm.endent. - There are no commercial or private connections to any great extent. The people who are active in the mining industry in Sweden are relatively few in number, and of course we have encountered each other in different contexts. But from there to talk about the clear links are wrong, he writes. Realtid.se has not managed to reach his Lindroth for a comment on the data. But apparently there is a relationship between Lingfield and amaranth / Alluvia that goes further back. Reportedly the Realtid.se, representatives of the two holding companies availed Ling Fields office at Västra Trädgårdsgatan 15 in Stockholm for at least one year. Especially Johan Ulander, described as the uniting force of the corporate group, has had Modeling Fields office as their base while visiting Stockholm.
2013-09-23 | 06:02
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Ulrik Jansson, Hans Lindroth, Tom Dalton, Terje Engstrom Lien and Johan Ulander cobbled together agreements that made that 50 million could be picked out of the IGE Resources.
Photo: Lotta Gyllensten (Johan Ulander) |
The coup on Tändstickspalatset
Used IGE's cash to pay the principal owner's investment in the company?
Realtid.se can today reveal several noteworthy details of how it was when Amarant Mining bought in the largest shareholders in IGE Resources and the company's cash then emptied. Amaranth flagged up in IGE Resources December 5, 2012, shortly after it had also entered as the largest shareholder in Mineral Invest. Both deals were financed with borrowed money. Amaranth paid about 60 million IGE shares bought by the fund Waterton Global Value. The deal was made up at a level significantly above the price on the Oslo Stock Exchange, where the shares are traded. Realtid.se:s can reveal that it was the Swedish leasing company Altro Invest loaned 60.5 million crowns so that Amaranth was able to conclude the deal. But the requirement was that the money would be repaid in less than two months, the last in January 2013. The amount is included as a receivable Amaranth in Altro's annual report for 2012. - There was a two-month credit agreement was signed in early December, I have to me that it was on December 4, says Stefan Persson, representing Altro Invest and is deputy member of the Board. Part of the money, 30 million crowns, was paid also in late January but according Altro, the entire amount is paid back at this time. Amaranth had, however, a number of additional months to arrange the money, says Stefan Persson. But in July it became known that Altro taken over Amarants shares in IGE through a pledge, because the other half of the loan had not been regulated. - Altro is not happy about this situation, we are not the mining and mineral experts. We are working to get our money back, says Stefan Persson, who has been elected as the new Chairman of the IGE. The indication of the short-term loan changes the picture of what happened in IGE Resources in the winter. In March it was revealed that the majority of the company's cash, SEK 50 million, were paid to Alluvia Mining, another company in which Amaranth's largest owner, already in January. Realtid.se has mapped the events in and around the company, the days in January. We have also taken part of the investigation advokfirman Westermark Anjou made on behalf of the IGE board since the auditor at KPMG quit and decided to notify the police company. The investigation has been classified until now only been presented in a very concise summary.The content proves to be dynamite. The lawyers noted including disqualification, to void contracts, non-existent decisions and a board that was not acting independently. "The above gives the impression that the IGE board acted lacking in independence and with an advance payment of 50 million did not act for the company best and thus not primarily shareholders profit, "writes lawyers Urban Båvestam and Carl-Adam Drakenbergsgatan in the report. Lawyers' 49-page report goes into detail about what happened on Tuesday, January 22 this year when IGE Resources and Alluvia Mining signed agreement which regulated money transfer.
Marathon Session on Tändstickspalatset
The parties gathered at Tändstickspalatset the Western Trädgårdsgatan in Stockholm. In the same premises Lingfield his office. Ling Fields CEO Hans Lindroth was elected to the IGE board in December after Amarants entry as a major shareholder. In the negotiations attended also the newly elected directors Ulrik Jansson and Terje Engstrom Lien. Present were also the businessman Johan Ulander, described as a central figure in Amaranth and Alluvia, However, no formal mandate, the lawyer Joakim Falkner from Baker & McKenzie, and IGE's acting CEO Thomas Carlsson. Phone Contacts were also taken during the day with Alluvias Chairman Tom Dalton and the fourth-elect IGE member, Jukka Kallio. Even Mineral Invest's Chairman Lars Guldstrand should have attended for a short period.According to the lawyer the report, those involved do not completely agree on who was in place and when during the day or with what purpose but it is clear that most of the agreements were signed in the evening was negotiated and drafted during a marathon session that lasted during most of the day. The protagonists were Johan Ulander, Ulrik Jansson, Terje Engstrom Lien and Thomas Carlsson. The latter protested, however, against the business case. "He objected both orally and via e-mail, which we have received, against the deal would be implemented," write the lawyers in their report. The plan was to IGE would buy the company Ghana Gold, which Alluvia just had entered into an agreement to purchase from Mineral Invest.The company included the rights to buy a large number of Au Vert facilities for aluvial mineral extraction. IGE would pay 50 million cash and 50 million in the form of newly printed stocks. - I said that the deal was mad when we do not have the money to finance the final acquisition of the machines and did not have any projects where we also had need of 6 plants with a capacity of 250 tons / hour, says Thomas Carlsson Realtid.se. The audit report, it is clear that the tempo was turned up high, and the reflection period is minimal. Among other things, it is reported that Mineral Invest just two days earlier view that IGE would buy a number of Vert-plants directly from Mineral Invest. The company's CFO Charlie Eldhestar will even have sent over a signed agreement to that effect. On January 22, however, it Alluvia standing as a seller and thus also to get paid. A crucial element of the agreement is to Alluvia will get 50 million cash upfront which 10 million for a standstill promise not to contact one another buyer. The lawyers at Westermark Anjou saw layup, under their scrutiny was no "reasonable grounds or any corresponding benefit for IGE to accept the terms. " The money was transferred "without any reasonable explanation than that someone other than IGE had a capital," says the lawyers. People who were involved in the deal describes it as Alluvia was in great need of money at the time ."The money was needed to 'debt services', ie debt management, "summarizes the lawyers of those interviewed in the investigation. The clock 22 on Tuesday evening brought SEK 10 million over the Alluvias bank account with Mangold Fondkommission. The amount was the maximum that Thomas Carlsson, who had access to the company's internet banking, could take over. He states that the payment order came from the board and he got the account information directly from Johan Ulander. at 13.30 the next day brought another 40 million over the Alluvias account with Mangold. The lawyer report concerned the issue of the money can then be transferred on to the Amaranth for repayment of the loan to Altro Invest. "We have not received any information to indicate that this would be the case," states the lawyers, however, does not specify how deep they dug into the issue. What happens when the money landed at Mangold is not known more than Altro representative stated that 30 million paid by Amaranth few days later.
The board is sawn
Today is IGE Resources in a financially tight situation. The purchase of the Ghana Gold stopped by minority shareholders, but the advance of 50 million has not been repaid. Now preparing a claim against both Alluvia and board members who were involved in the deal in January. Lawyer report provides a lot of ammunition for the upcoming battle. According Westermark Anjou had IGE's Board of Directors in principle a non-existent base when they approved the deal with Alluvia. There are many indications that it was not acting independently. "We believe that the manner in which the Board of IGE has dealt with and implemented Ghana Gold affair can not be considered to meet the demands placed on a board, particularly a board of a listed company a large number of shareholders, "wrote the lawyers. The basis for the deal was basically a summary of about one page A4. There was no due diligence on counterparties and collateral was not checked: "At the time of the Board's decision, the Board held, as far as we found in our investigation, have not produced or caused to be somewhat friendly basis for his assessment of the transaction."When IGE`s Accountant in February began to question the Agreement and money transfers was instead Mineral Invest's CFO Charlie Eldhestar which to intervene to develop a more complete basis. "It seems - to put it mildly - as odd that a representative of a Party from which the seller Alluvia stood in concepts to acquire the assets and rights that IGE has entered into agreements to acquire, would be better versed in the transaction than the IGE board itself. In retrospect, we can still state that this may be considered to be the case, "wrote the lawyers. Johan Ulander signed a pledge agreement which Conventus Ltd. put assets as collateral for Alluvias obligations under the Agreement. But even these were controlled. Hans Lindroth says that he had great confidence in Johan developing countries. "It is very possible that Hans Lindroth had good reason to trust Johan Ulander and the information he left. A board of a listed company can not, in our opinion relying solely on verbal information from a pledge donors, "wrote the lawyers. A decisive factor in the scheme was to IGE could count on funding from Amaranth finance of up to $ 5 million in the near future. Since the majority of the cash expended on the advance lacked the capital to continue operations if you also would invest in Vert-plants. IGE requested a first payment in February, but no money never came. Board controlled nor Amaranth Finance's financial position. "As far as we have been able to assess the Board has not had access to or even requested information regarding Amaranth Finance, which would give the board support for an informed decision to replace the 50 million in cash, IGE had in the bank on January 22, 2013 with a loan commitment, "wrote the lawyers. What is worse is that those states that several of the contracts signed Jan. 22 is invalid. This then Terje Engstrom Lien was disqualified because he also sits in Alluvias board. Several people noted in retrospect that conflict of interest existed, although it's Terje Engstrom Lien one of those who sign contracts for IGE's behalf and also sign the payment order to the Thomas Carlsson. "Against this background, in our view, the Transfer Agreement and the Deposit Agreement invalid, ie performances which have left to go back, "wrote the lawyers. This is one of the explanations for the IGE board closest in panic trying to get the two general meetings to approve the deal. The unhealed disqualification means that the board risks being exposed to claims for damages. There is flagged for further disqualification in the report, which also emphasizes that the settlement was made in a narrow circle. In this case, it is the lawyer Joakim Falkner at Baker & McKenzie acted as advisor and also wrote parts of the agreements. In retrospect, the parties have a coherent picture of who Falkner really förträdde. Clearly, he acted as advisor to Alluvia just before 22 January. Self, he saw himself as IGE's representatives on that particular day. "Of course it is strange that all members of the Board and Joakim Falkner yourself do not agree on whether Joakim Falkner represented Alluvia or IgE in the transaction," write the lawyers in the report. The lawyers at Westermark Anjou also makes a statement about the directors' personal liability. They can not reveal any criminal charges but believes that Ulrik Jansson, Hans Lindroth and Terje Engstrom Lien acted negligently. Jansson and Engstrom Lien considered to have an extra responsibility when they signed the payment order.The fourth member, Jukka Kallio, is considered to have made available the relevant control issues and also had some requirements for the implementation of the deal, which means that he is not considered to have acted negligently. Johan Ulander Jukka Kallio, declined to make any comments. Realtid.se looking for the others involved.
2014-07-23 | 12:22
Heavy judgment for Alluvia and Amaranth
Will pay 110 million crowns in compensation to former business partners, under US arbitration.
Global Gold Corporation has for several years been waiting for payment from Amarant Mining and Alluvia Mining after a sale of mining assets in Chile in 2010. As Realtid.se previously reported, the payment issue has become a dispute before an arbitrator in New York State. After several deldomar and agreements between the parties have a final judgment now come. According to a report to the Securities and Exchange Commission has Arbitrator Stephen S. Strick at the International Centre for Dispute Resolution has determined that Alluvia and Amarant will replace the Global Gold Corporation with $ 16.8 million , equivalent to SEK 110 million. The payment shall be made promptly in accordance with the judgment which is dated 26 June.
The question is whether there are any assets to pay with. Part of the amount is made up of a claim when Alluvia and Amaranth did not honor previous promises of payment and not followed earlier deldomar on requirements for transfer of information about the mining sphere assets. While in the final judgment specified that Global Gold Corporation will be entitled to information about the supply situation, including documents from several Nordic banks and finance companies. Alluvia and Amaranth representatives also prohibited to make any transfers of value that could be detrimental to the Global Gold. Specifically mentioned sales shares in IGE Resources last summer as well as any agreements with Gulf Resource Capital, a party declared to be willing to step in with new capital. Johan Ulander, key figure in Alluvia / Amaranth sphere, prohibits specifically the judgment to conclude any agreement concerning sphere assets.
2015-03-24 | 13:11
EBM in general Contender-crackdown
Suspicion of swindling, accounting and tax offenses. "Can confirm that the majority are under arrest."
Crimes Bureau conducted on Tuesday a coordinated raid against the majority of people in the Stockholm area, all of which are linked to the so-called Contender-bonds. - There are several people who are arrested for aggravated accounting offenses and serious tax and a person arrested for aggravated scam, says Katinka Wall , Head of the Economic Crime Authority to Realtid.se. Some details of EBM does not leave at this time, including exactly how many are arrested. - This is part of the extensive investigation that is ongoing around the Contender-bonds. That is what is going to say today. Bond Series Contender High Yield 1-4 were issued in 2010-2012. Several hundred million invested, the majority of Swedes, who received promises good returns in the form of interest and collateral Lars Gold Strands GKL Growth Capital.
The money was invested among others in the mining assets that later formed the basis for the company Amarant Mining and Alluvia Mining. The sphere was in 2012, also the largest shareholder in the public Swedish companies IGE Resources and Mineral Invest. In 2012 and 2013, became the capital shortage in the sphere of emergency following the interest payments and higher repayments of the loans were postponed. Besides Contender-bonds have sphere also taken into financing through other forms of securities and funds, all related to the mining business. Exactly what remains of the realm in the current situation, except the liabilities, is unclear.Frederick Rodger, representatives of the Contender Management Ltd and agent for the bondholders, said in a conference call with investors as late as last week that a fresh start is going on in the near future by a Swedish company to take over the debts and assets with the intention to initiate a payment process . More information will follow.
http://www.realtid.se/ArticlePages/201503/30/20150330165938_Realtid798/20150330165938_Realtid798.dbp.asp
2015-03-31 | 07:32
"Irreparable and tremendous economic losses"
Frederick Rodger appeal the detention order. Demands to be placed on the loose to save Contender- and Amarantinvesterarnas money.
Frederick Rodger turning to the court of appeal through his lawyer Simon Bergström in an attempt to cancel Friday's arrest decision by the Stockholm District Court.According appeal is detention a disproportionate measure which means "irreparable and tremendous economic losses to investors," the Contender-bonds and convertible bonds issued by Amaranth Mining . A total of values amounting to 726 million, according to the appeal. The background is that Frederick Rodger representing investors in its role as agent. The appeal repeats Frederick Rodger it bedsked given to investors during a conference call almost two weeks ago. After a lengthy process Rodger states that there is now a solution to the investors' money to be able to start paid back. In short, a Swedish limited liability company to take over the obligations to investors and the mining assets that remain in the realm. By initiating a gold recovery creates a cash flow that among other things should go to the investors."The transaction has been going on for a long time and is scheduled for completion in mid-April 2015. A precondition for the completion of the deal is that the previous decisions of the statutory procedure , of which Frederick Rodger, as above explained, have to make any written decision in its role as investor agent, "writes Simon Bergström in the appeal.
Concretely, a meeting organized by Contender-holders and a written approval is given by Frederick Rodger for Amarants behalf. This can not happen when he was imprisoned with restrictions. Furthermore, expected a joint venture announced on Stella Polaris investment in Duabi, also an investment product which Frederick Rodger been involved from the beginning. This agreement, with an alleged US listed companies, estimated to have a value of $ 215 million. Total threatened values together 940 million crowns of the arrest, according to the appeal. This can provide "far-reaching future and currently opaque legal consequences in the form of lawsuits amounting to the hundreds of million plus interest, "according to the representative."This means in addition to money ... unreasonable personal disasters and the implications for investors as Frederick Rodger representing as an agent," says the forward. Frederick Rodger has asked the Court of Appeal hearing the appeal after a oral hearing. Such is now scheduled for Wednesday this week. According to Simon Bergström lacks the Economic Crimes Bureau suspicions due and Frederick Rodger is also said to have previously attempted to contact the EBM to avoid the situation that has now arisen. That he therefore should be kept in custody by the investigative reasons, then the risk is that evidence may be destroyed disagree, according to Bergstrom: "Had Frederick Rodger wanted to destroy or affect the material of importance to the investigation, he would therefore have had ample time to do this."