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July 2, 2002 |
NimsTec under investigation |
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Intro: |
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NimsTec Ltd., a Bermuda-based company
of which former premier Sir David Gibbons was the vice chairman, is being
investigated for an allegedly fraudulent transfer of assets in the United
States, Inside Bermuda has reported. |
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Excerpt: |
NimsTec shares were listed on the Bermuda
Stock Exchange for five months in 1997, until OffshoreAlert exposed
misrepresentations and omissions in its share prospectus. |
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