BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robnhood who wrote (27696)	2/1/1998 1:15:00 AM
From: Walter	of 28369

January 9, 1998 BRE-X PROBE PUZZLES CARIBBEAN HIDEAWAY By SANDRA RUBIN and KEVIN MARTIN -- The Financial Post and Calgary Sun The top justice official of the Cayman Islands admitted yesterday he's surprised Canadian authorities have made no request for assistance in their investigation of Bre-X Minerals Ltd. John Felderhof -- a key figure in the spectacular gold fraud -- has been holed up in a luxury, $3-million US home in the Cayman Islands since March. Attorney General Richard Coles said Cayman authorities have not interviewed the Dutch-born geologist, nor are they monitoring his visitors. He defended his government's decision not to step in and investigate Felderhof's source of funds, saying he will take his cue from Canada. "Now, I can't force the Canadian authorities to request any assistance," he said. "All I can do is respond when they do." The RCMP formed a 10-member squad more than six months ago to work on unravelling the $6-billion salting scam. The force declined to comment on the attorney general's remarks. Meanwhile, an Alberta court ordered the release of a confidential report that could shed further light on the fraud. Justice Robert Cairns said Bre-X bankruptcy trustee Deloitte and Touche can disseminate the 430-page report prepared by Forensic Investigative Associates Inc. Cairns agreed with trustee lawyer Larry Robinson that the document was not privileged. Bre-X officials had claimed the report -- which was commissioned to determine who was responsible for the Busang gold fraud -- was a privileged document. But Robinson said even if it was confidential, Bre-X officials gave up that privilege by releasing a summary of FIA's findings. Bre-X release a summary of FIA's investigation in October, placing most of the blame for the Busang fraud on dead geologist Michael de Guzman. It also pointed a finger at de Guzman's Filipino colleagues who worked with him in the Indonesian jungle while exonerating founder David Walsh and Calgary managers. It said it couldn't determine if head geologist Felderhof had any knowledge of the fraud because he refused to talk to FIA investigators. \| CALGARY SUN \| TOP STORIES \| BUSINESS \| TRENDS/SHOWBIZ \| SPORTS \| \| CNEWS \| COLUMNISTS \| COMICS \| HOROSCOPE \| CROSSWORD \| \| INTER@CT \| HELP \| SEARCH \| CANOE home \| We welcome your feedback. Copyright c 1998, Canoe Limited Partnership. All rights reserved. Please click here for full copyright terms and restrictions.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next