Uh oh... look what I found...
For fun I did a search on SI on Madagascar and found a company called Riosun. They, too, have mining properties in Madagascar. They, too, were involved with a man by the name of Dror Moradov. Check this out:
Mon 8 Jun 98
Mr. P. Charles Cochrane reports The company has confirmed, through the review of the 1997 audit of its financial reports, that certain use of corporate funds by its former managing director in Madagascar, Dror Moradov, may have been inappropriately or fraudulently used for purposes unknown at this time. The company has attempted to account for or recover these funds without any response to its inquiries by Mr. Moradov, and accordingly the company has started civil proceedings and criminal investigations in Madagascar, in an attempt to answer these allegations.
Considering 7 million shares are in the hands of Malagasy companies that ABFG presumably met via Mr. Moradov, let's hope they got what they paid for and there's no funny business going on.
Good thing I found this now. This gives ABFG some time to prepare a response for their live newscast tonight. Did they know about Mr. Moradov's relationship to Riosun (RSR)? Were any other ABFG directors involved with Riosun? If they knew of Mr. Moradov's previous affiliation, do they know what the outcome was, if any, from the criminal investigations being pursued against him?
#reply-4765916
- Jeff |
