Leaderguard: news from Mauritius

Leaderguard: news from Mauritius

News at last for Leaderguard scam victims. But is it good? The case of the inscrutable Chinese and KPMG.

A blast from the past: the ten-year-old Leaderguard Spot Forex investment scam is back in the news. But a cloud of secrecy and intrigue still surrounds the planned relaunch of a court action by the liquidator of Leaderguard against the company’s auditors in Mauritius, KPMG.

That global audit firm wields enormous power in the Indian Ocean island and over the years has done its utmost to prevent the airing of evidence, suggesting that its senior partner Jean-Claude Liong lied in order to fend off a massive damages claim.

And, is the same Jean-Claude Liong telling the truth in a more recent (unrelated) clash over compensation with a powerful Mauritian cabinet member?

Yes, this could be relevant.

The Leaderguard Spot Forex scam surfaced ten years ago. It saw 1,200 investors, many of them pensioners, stripped of their savings to the tune of $55 million – more than R760m today. (See A feast for lawyers and bankers below.)

The battle to bring KPMG to account in Mauritius has been long and gruelling.

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Sydney Alberts
Renso Du Plessis
Saxo Bank
Forex Trading
Jose Thibaut
Commercial Law
Stefan Pretorius
Leaderguard Spot Forex
Legal Fees
Kpmg Africa
South Africa
Jean-claude Liong
Financial Services
Kpmg Mauritius
Trevor Hoole
Kpmg South Africa
Roshi Bhadain
Leaderguard Securities
Bai Group
Bramer Banking
Khesgoe Parsad Matadeen
Chief Justice
Yeung Sik Yuen
Michal Calitz
Impact Financial Consultants
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